I want to save money

Do you have any way to increase your income? Because the basic thing is that you have to have more money coming in than you have going out. Some months I have more expenses than income, which is frustrating. I have been working on cutting back on my expenses.

As a student, you do not need to have a full or part time job with a company. You can babysit, do chores for neighbours, walk people's dogs...get creative. Explore some legitimate online earning opportunities (which are usually slow and steady rather than large amounts). If you have a talent, like music, teach music lessons privately. Since you are a student, perhaps you could tutor younger students and help them study more effectively -- parents will pay for this. Also, when you get the urge to spend money, ask yourself "If my friend was always complaining about never having money, and she asked me, 'should I buy this?' would I say yes, or no?" If the answer is no, don't buy it. If you would find it to be a frivolous expense if someone else wasted money on it, then it is a frivolous expense for you also. This is in addition to what the others have said, which is all good advice also!

It is no use trying to save money unless you have a budget. This can be very simple: you just need to list your expected income and your expected expenses for the month. Try not to forget any expenses (you can use previous months/years as a guide). If your income exceeds your expenses then you have a potential for saving. Provided that your monthly income and expenses do not change too much from month to month, you can include a certain amount in your expenses as "Savings" and make sure that you really do put that amount into a savings account. If necessary, open a savings account with your bank or other financial institution and, if possible, make sure that a certain amount is automatically paid into it from your current account every month. Treat this as a regular expense, just like your rent, mortgage and other service bills. If you don't have a bank account which receives your income and pays out your regular payments automatically, you should think of setting one up. Whether you already have one or not, you must be aware of what your 'available cash' is every month and only a realistic budget can help you here. Always make it a principle that 'if you don't have the money, you can't buy it'. Credit is very expensive, especially if you use an overdraft facility and no less, really, if you borrow from friends or family (even though 'interest', in that case, may amount to 'reputation' or 'credibility'). Remember Mr Micawber's (see Charles Dickens' "David Copperfield") rule: "Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

You should make a schedule to arrange your money.Before you spend money to buy somethins,you can question yourselfe over and over:whether this amount of money has to been spent,and whether this thing you want to buy really very very useful and necessary to you? And also you can decide to use how much percentage of your savings to spend in your daily life.And keep in that way persistently.The beginning must be very hard to you,but you must believe that: No savings,No investment and no chance to get great more interest.

I never could save, each time saving, never collected a lot. Prior accumulated, the money has been used for other purposes.

Before three years when I just joined in my job, I used to feel like this. Whenever I felt that this money I can save...after some days I saw that I have to spend money on so many things..I was really irritated by the fact. But now three years have passed. Now I am saving little amount of money. Between this, I have switched over my company also. So have got good hike, so that atleast I can save some money for my family. Now I keep astrict budget for myself and used to invest the money for long term plans.

I like what the first person said: you need to have a budget. More importantly you need to learn how to actually stick to it (which is the hardest part, definitely). I am in the same boat as you. I need to pay off a couple of credit cards and some debt I have with my university..But I find it so hard not to SPEND the money I make from my 2 jobs!! So, I think the solution to the problem is to set aside an extra account JUST for saving and use your will power to not touch it. That and of course, if you can't stick to your budget, just MAKE more money in general (such as: put all of your online earnings towards your savings). Good luck to you! And wish me good luck too!