Saving $20 a week, start from scratch

I read from the book Rich Dad Poor Dad, if you want to become rich let money work for you and not work for money. People today tend to work to pay,meaning all their salary were eaten by their expenditure. Now its time for us to incorporate the teaching of Rich Dad Poor Dad, Take some of your money our of your salary and save it for future investment. I think proper budgeting is the key to success.

I have been planning to save like God knows since when. I am doing well for a couple of months but then due to some inevitable circumstances I touched my savings and now I am back to having zero balance again. Well, I am starting again this month. I reactivated two accounts from different banks and enrolled another with insurance. I just hope I can really save this month. All my online earnings this month will go to either of those bank accounts... God's will...:)

We are in the process of trying to save more money. Right now it seems as if we will never be out from under debt. Recently we had a roommate that moved out and left us holding the bill on all of the bills........... this included rent and all of the utilities. Of course we are still playing catch up on all of these things & we had a few set backs with some unexpected auto breakdowns as well as a doctor's bill, so our savings have not been good this month. We enjoy listening to Dave Ramsey and we are trying to follow his guideline to get out of debt. I really would love to save up money to buy a house outright when we decide to go house shopping! We are working on it. On the savings front I try to save all of our change. The guys get canned soft drinks in their lunches and I make a conscious effort to turn those in for scrap metal and that goes into savings. I really want to be able to save 10% of everything we earn. My Fiance is getting a second job to help us catch up all of these overdue bills we have accumulated. Fortunately for us, there is no vehicle payment and no credit card debt. I work from home but not as often as I would like. I am looking for another customer service job online so that I can make more money. We are pinching our pennies and holding on tight to that nickle!

That is a great plan. In a year you will have saved $1,040.00. Increase it by just $5.00 more a week and you can have $1,300.00 in 52 weeks. I wish I could save money. I do what I can, but it ends up having to go someplace else. Budgeting to save anything is very difficult when one does not have enough to cover everything.

saving and living frugal is the best way to live your life - free of debts. it's been my habit to save BEFORE buying. i'd save up for the things i'd like to buy or do, instead of squandering money i need for more important things. i'd usually save for a big event, like a monthly trip to the movies or other luxury activities (limited to once a month only). what's good is that you could also use these savings in emergencies. it also better to save instead of borrowing money - you spend without any guilt feelings.. thanks for the advice!

it is great friend. But, perhaps its not easy for other people.

Start by saving your change each week. Then save your online earnings. This will all add up and make a difference. Also try recycling cans and saving that money as well. I am looking at selling everything that my family has lying around that we don't use. That money will be put toward paying off our vehicle. Once that is paid in full we will being paying the money on other debts. I hope to have all of our small debts paid off within eight months.

not only that, lots of people have the 'i want it now' mentality and dont know how to save for anything.

I have lived like that all my life. My blog (in my profile) has alot of my "secrets" for saving at home and not feeling it in your wallet. My favorite one...pay with bills and put the change in a jar. End of the month...you'll be surprised at how much you have in there!And the LEAVE IT THERE. just seeing that jar fill fuller and full is a big inspiration to fill it more! I also pick up coins in the parking lots, check husbands pants pockets (that's a couple bucks a week!) and use grocery coupons. Just these four strategies will help you save! A new one.. I am not an "online" kind of person, and I try to support causes and all, but with postage rates going up and up...it is now 42¢ (raising to 43¢ come January?) per letter. How many bills do you have each month? Time that by $42¢ and look what you are spending! I"ll never forget once when I was processing a mortage home loan... this woman's credit report was pages and pages! And all credit cards or other loan requiring pay by mail. I added them up and times it by (whatever postage was about 10 years ago) current postage, and that woman spent between $10 and $11 each month JUST ON POSTAGE!!!!. I only have 1 payment a month on one credit card so it really wouldn't help me now, but I do pay that online...just to get myself into the 21st century. But if you have a lot... pay on line!

It sounds like a good idea, but in order to this you have to have an idea of what you are spending in the first place. I think with most people this varies from day to day, week to week, or month to month. Maybe set a goal to track your spending first so that one can save money,

I think it is just not with Americans. I believe even here in our country a lot of people are so used to borrowing money and their mentality is, if they know they have someone to borrow money from they usually will just waste their money on things. I know a couple who lives from one payday to another. They do not even have the courage to even save even a quarter of their funds since they owe a lot of people. I have just decided that I will be saving more money than ever because I just do not want to end up having no money at all.

That is a wonderful point that you've brought up here. It was one year ago this month that my husband and I started living our lives in a more frugal way. We are not spending more money than we are earning and though there are times that we really do have to tighten our belt loops, I think that we are much better now that we've changed our lives than we were before. I know that by now I've definitely learned that you can live without using money that doesn't belong to you.

You are completely right. Saving is really important, and what most people do not understand is that the important thing is not that you save a lot immediately, it is that you save SOMETHING as soon as possible. So if people who have no savings start with $20, it is a huge improvement, definitely!

It's hard to get out if you've already dug yourself a hole. The first thing to realize is that credit cards aren't money. If you have a limit of $5000, and nothing in the bank, you do not have $5000, you have nothing. Try printing coupons off websites. There are a lot of coupons for Americans out there. There are sites that will mail coupons to your house for free. Only order coupons for what you really need: food, diapers, shampoo, etc. All the money you save with your coupons on your grocery trip, stop at the bank on the way home and put that much in. You will see the savings grow! (you should put it in the bank right away so you're not tempted to spend it on other stuff!) And if you say you never go out and your only entertainment is t.v, well, get rid of the tv. That's costing you money every month. Go to the library and borrow books for free for your entertainment. Play board games with your family. Rent a DVD now and then. I've been living without television for 7 months now, and at first I missed it, but I don't anymore. You can get yourself out of debt and build up your savings account! Good Luck!

its really nice to think that we do have savings in the bank. and its easy to think or plan to save a small penny every pay day. but in my case, im really having a hard time to save. i dont know why? my salary is not that big, but why others can save and i cant? this the only thing that i cannot do.

i am trying this subject, i know that this is a important subject of life but i am not interested save money. thanks your view...