effective ways of saving money.....

If you want to get rich, either you acquire less or save more. You really need will and determination for you to save money. Put them in the time deposit so that you won't be forced to get them since you'll be penalized if you get them prior to due date.

Discipline is the only way to save. Try putting aside 20% from any money that you receive whether it is your salary or it was given to you. With the remaining 80% this is what you are going to use for your expenses like bills, food allowance, credit card payments, etc. Put your 20% in the bank. This is what financial experts called "paying yourself first". See yourself as your own company, and you are the employee. Like any company, they pay their employees their salaries. So, pay yourself first. Now, if you can't save at least 20% try 10% or 5%, then walk your way through in the long run. Open a time deposit account. Ask for banks about the minimum deposit requirement when opening a time deposit. Use the power of the compounding interest at your advantage. Search for the internet or read financial books to get ideas on how to save and where to invest your money.

Hi cutie18f, We girls, all like to shop for our pretty things, but when the money is all gone we feel bad about all that spending. On top of that we are without money until our next pay check. I think, if you have a good job that pay you well, you really need to set up an automatic deposit in to a special saving account straight from your payroll. This way you will not miss the money and you will have paid yourself first, which is what you should do always. If you are not discipline enough to leave the money in the saving account, then you should open an account, such as a certificate of deposit (CD) or and IRA, which is a retirement account. Both of this accounts are good ways to save for your future. However, the CD will have a maturity date set up by you. After it matures you can have the money plus the dividends it has earned, but the IRA is long term, until retirement age and there is a huge penalty for withdrawing it too early. No matter which way you choose, you should save for a "rainy day."

If you want to save on entertainent like movies and vidoegames, buy used, most of the time, they still work fine and will play in your console or DVD or Blu-Ray player. if you have to get it new, go look online and see what the lowest price is. You can dins new movies and videogames online for less than the retail price, but used items are probably the best way to go.

You just have to be patient and put everything in a savings account in a bank, then watch it grow like a tree, slow but steady, and sometimes when you get lucky you may get a little boost. With a bank you can't lose it or get it stolen and it's probably the best way that I save. I'm not a fan of piggy banks as I like to see how my money is progressing :)

best way is to invest on regular basis and with discipline and mointor on the expenditure

it is better to start a bank account if you want to save serious amount of money.. but if you want save some money for monthly or weekly use then better go for piggy bank.. this was a useful method for me.. i used a small box to save rs 10 daily, sometimes i put Rs 100s.. in the end of the month i use that money to buy something speical or i put them in the bank..

I suppose if you really can't stop yourself from shopping then at least get yourself a cashback credit card or shop online and use a cashback site so you can earn some money back on your purchases. Another option is to sell on some of the stuff that you're bound to get bored of and then use that money to buy new stuff. I do that with things like DVD's and books etc. I sell my old stuff to buy new stuff. It saves me money and means I can get something new every month without spending any more money.

For me bring money in shopping a small amount only so that if you want to buy many you don't have to buy because your money is little only.

I guess its basically not spending more than your daily earnings.

If you want to save money on entertainment, borrow from the library, you can get movies for free and the one I go to lets me keep them for two weeks. If you buy movies buy them used, you can get them for less if they're used.

I really want to save money but just don't know how. I mean I can't stop buying something when I have my money...