How to save money
By Ritika
@ritika02 (214)
India
June 22, 2009 7:33pm CST
Do you save money or you spend all the money, i like to save money and it is also need, for future we should save it, there are many ways to save it, we can drop in our piggi bank in regular basis, we can save it in bank every month, we should keep a fix amount of money in bank every month, we can go for life insurance policy, To save money you must have commitment that i have to save it on regular basis, It is also a hard work for some people because not all the people can control on them to spend it, we should stop extra expenses so that we can save much.Make your budget of daily routien it helps much, Buy only those things which you need much, mostly we go for to purchase things from sale before going for it get knowledge of real price of the product, Try to save your self from debt, and have food at home instead of go out so these are some tips if you have more so please let me know
i need to save money very much in these days for my son's future and for his study.
1 person likes this
15 responses
@moonchild1au (6237)
• Australia
11 Oct 09
I don't have any distinct things that I do to save money but what I do is the day before pay day, I empty my purse & put all that money in my piggy bank & when that is full, I take it to the bank & put it in a hugh interest savings account. I also have another high interest savings account that takes $5 per fortnight from my normal every day bank account. $5 doesn't sound like much but it does add up when you don't touch the money.
@stephcjh (38473)
• United States
24 Jun 09
I try to save money but that is a hard thing to do with the high prices of everything. We are also having to pay out more to try to get some bills paid off also. We may be able to save after that.
@gxyywhyzy (450)
• China
23 Jun 09
It seems to be hard for me.there are many times you need spend it and can not save it at all.I tried to save some money for my future plan.I fixed a part of money for my daily cost and the remained money would be deposited in bank.
@geo_raju (259)
• India
23 Jun 09
i'm an engineering student and i depend on my father for money.i really want to earn something on my own but as far i couldn't earn a penny.i want to save some money but i couldn't as i lend money after my spendings to my friends but they never return the cash i give the money knowing it .i give them money whenever they ask me .i couldn't deny them......
@sanelaze (167)
• Philippines
23 Jun 09
it is vital to have some cash savings in case of emergency. Also, it would be nice to be able to afford a big purchase (in the future) wihtout rleying on your credit card. It's like a reward for working hard and not spending every penny that pass by your hand.
Personally, i have a budget template in excel. i try to allot a percentage of my salary as savings. it's considered spent so no matter what, i dont touch it.i make do with whatever cash is left. This way, i can monitor my spending activities and assess whether all my expenses are necessary. It sounds geeky but if i dont do it this way, i end up spending all the money i have within the month.
@maikarumike (457)
• Malaysia
23 Jun 09
There are variety of ways that you can save your money and it is a good thing to always save our money.I usually pend only 30% of my earnings and the rest are all left in the bank for future use.We never know when emergency will happen so saving up is easier,surely some were thinking that itchy hands make all the money gone but I tell you no.I asked my parents to hide my bank card so that i can't access it to withdraw any money at all.
@JOIEMARVIC (2335)
• Philippines
23 Jun 09
I am trying my best now to save money as much as I could. I have been dealing with so many financial problems right now so I am trying to trim down my expenses and save for future purposes and purchase. Saving is really important.It helps us prepare for our tomorrow as well as that of our family. I really hope I can stick to my saving plans and be able to save as mmuch as I could.
@kkrocks17 (62)
• United States
23 Jun 09
well what u can do is put it in a bank account or put it in a safe or even somewhere or just up where u remeber where it is and dont spend it on less u r trying to hide it from ure self then have someone eose hide it and when u appasouley need then tell the person and hopefully they will give it to u or they remeber where they put it!!!!!!!!!!!!!!!
@stanlee81 (381)
• China
23 Jun 09
whatever,when it comes to the money-saving.I think the most efficient way is to earn more.When you wanna save something,you will spend a lot time and efforts on it,with which you could explore more resources!
@check23 (448)
• Philippines
23 Jun 09
I remember when i was a student, i really saved a lot of money that time. And my ways of saving money was not putting it in a piggy bank or real bank or budgeting my daily needs, etc. What i did was, I just give some to my mother for her to keep it until i need it and my other way to save it was i cram some of it in my bag, wallet, cabinet or anywhere where i will forget that i put it there but ofcourse place where it's safe to keep then there will be a time that i will just remember or happen to see it. Heheh! =D
@lulu1220 (1006)
• United States
23 Jun 09
Eating out excessively is the worst thing anyone can do. If you eat out a lot I recommend you do this. Check your bank account online (if you can) and add up all the amounts for restaurants and fast food places. You might be surprised.
One month I was astonished we had spent over $500 eating out. That is 20 tanks of gas for me. I was shocked!
Another recommendation...never buy toiletries in the grocery store (unless they are on sale and you have coupons). I will go to Walmart or Target and find the same item for a lot less. So get to know the stores you shop and the prices on items you buy often. Plus try to buy generic brands on certain things.
@angelicdoll (186)
• Philippines
23 Jun 09
Yes it's true. I myself loves to save money but sometimes when I go to the mall alone I end up spending more than half of my money inside my wallet that time.. That is why I seldom go to the mall alone. And I agree with one of the commentator here, you should open an account for your son so that he'll be able to use it when he is on the right age. Also, give him a money on hand while he is young so that he will learn to budget and save money for himself.
@maharlikah (1045)
• Philippines
23 Jun 09
I used to save money in a separate pocket and deposit it in the bank when it is already at least 4 digits.
@mensab (4200)
• Philippines
23 Jun 09
yeah, it is true. whenever we can, we should save money. with the recession reeling on us, we should set aside some money to cushion the impact of any financial crisis or sudden loss of income. there are many ways on how to save money. but it requires a steady flow of income. without income, there is nothing to save in the first place. i have a bank account that i try to put on new money every month, no matter how little it is. i like it and i feel good everytime i go to the bank and deposit.
