whats a goodway to save money??
By puqimx
@puqimx (358)
Malaysia
4 responses
@vamsimajeti (934)
• India
25 Jun 09
I think good way to save money is to make fixed deposits or invest in real estate as both investments are good and you have no problem.
@whizkid08 (715)
• India
25 Jun 09
Savings and expenditure should always be balanced and go hand in hand.
So, when you earn a good amount, don't spend every penny and don't be too conservative. Part the money, one for your expenses, and the other to be put into your bank account, a savings account.
Accumulate the money in your account and you receive interest over it.
Alternatively, get a fixed deposit (FD) for a good amount so that you receive considerable money from interest.
You can also try investing money in stock market, or real estate. Bit of gambling is involved there!!
@h8739182 (448)
• India
25 Jun 09
Good way of saving money is to saying NO to all the unnecessary expenditure we make.
Invest and reinvest the extra money we save in various fixed deposits or bank bonds.
You would be surprised , how much it will grow in the span of just 4 to 5 years.
Thanks and take care.
@kryzell (921)
• Philippines
25 Jun 09
I am not good in saving. However, I have learned from one of my professors in Economics class that one of the best way to save... is to set aside your savings before buying anything. He said.... most of us makes mistakes when we save what's left of out monthly income.
That shouldn't be the case. Here's an example. If you earned $100 and wanted to save $20... make sure to set aside that amount before thinking of spending anything. Some of us makes mistakes when we shop right after we receive the amount of $100... and what's left after shopping... is our savings.
I haven't used this tip though... I really love shopping and can't help it. But I am considering of saving in the near future.