How to save money for long time at home!!!

I understand. I keep my money in a jar at home. This is money left over from household expenses and bills, if there is any. Come festive season, I dip into it. I also use it for other stuff, be it for the family or otherwise. It is hard, I know. That is why I wrote this article, How to Create an Emergency Fund by Laddering. Here's the article link (not referral link!): http://socyberty.com/government/how-to-create-an-emergency-fund-by-laddering/ It would apply if you have quite a bit saved already though. I hope you learn something from it.

Hi apsara60, although I am not yet a housewife and I still do not have a kid, but I have the same problem too... After spending the money on groceries, by pampering both of us(me and my husband), we are often touching on our savings. So much so that now, i have a separate account for expenses and savings-only and savings-pampering. So that I will never touch on the savings-only unless it is really an emergency. And my husband and I will agree not to touch on the savings-only account if we used up the money in the savings-pampering account. Hope this is useful to you...

ha ha....the kids really know who to ask when it comes to their needs ;-P At my home, it's the opposite. They ask their dad...who can't stand the tantrums and usually gives in. I don't. When they ask for something...even though I really really want to give in and be the 'nice' mom, I take a deep breath, stop for a while and think if it's worth it. If it is, I give in...if not, I refuse. They can wail and throw tantrums all they want...but I do not budge. I guess that doesn't make them my weakness, eh?

It is really hard to save when you have kids. I have a son and as a mother I definitely want the best for him. Like you in time of need we also get money from our savings. We wanted to save enough money to buy a lot and house but unfortunately it is really hard to do as of the moment. I'm not sure if we have big expenses now since our baby's vaccines does not come cheap and big portion of my salary goes to that every month. We are trying to raise some money and cut off some expenses, I hope that works. We are planning to have a garage sale since I've got lots of clothing that are still good but I cannot used anymore since it won't fit me well anymore. Also we had our landline telephone transferred to my brother since we don't often use it and we have mobile phones. We are still looking for some more ways to save and raise money.

Hi, apsasa60: What children ask for are mostly their wants, not their needs, if you always fulfill what they asked for, you will grow their desire and wishes to asking for any things whatever they want or not. We can fulfill the desire of our children in their birthday, and other pleasure times, but not all time. in the other things for saving money is how to expend in buying a glossary items, try to purchase those items by month, and get your actual needs. My best regards to all

If it is your children's wishes that you keep giving in and breaking your budget, then you might as well start teaching them ways on how to help you save and make both ends meet. Talk to them about it and be honest. They will understand and would be sympathetic with you. That way, they will understand the money situation and will stop asking you things they don't need at all.

I think that you should write down how much money you are having in either weekly or monthly. Then you should list your essential expenses like mortgage, household bills, food, drink and anything else you can think of. One of my friends had a limited budget so he only gave himself 10 pounds and fifty pence per week food. I think that you should give your children pocket money and stop getting them new toys perhaps. Good luck.

My children were my weakness and I would give in to all their whims and fancies and got a shouting for this from my sisters always. It is only when my daughter after marriage lessened her visits to my house that I realized how much I was saving now that she was not around to spend my money!! I think we need to learn to say no sometimes to the kids. That is the only way we will be able to save money and we will be able to teach them to save money.

Hi there Apsara60, Saving money per se is easy. Especially if you have a high salary and able to divide it equally to sustain all your needs. However, the difficult part is when you are getting back what you have kept for savings. Just like in your situation, whenever you want to pamper your kids in some of their needs. Perhaps, it will be quite easy if you will just get a small portion of the salary as your savings, try to save the small bill value. With this, your salary would not that be affected. Hence, the amount is not that big and not noticeable. Aside from that, your budget in some extra needs will not be affected that much. But still, savings was done.

To save your money for a longer time you have to build your home beside police station.

I too am guilty of these but it is to pamper myself. So I did tried to do before was to open a passbook only saving account. This mean that everytime I have the urge to withdraw the money, I will have to go down to the bank and queue for it. Being a person who hates and is too lazy to queue, this has managed to keep my hands away for quite a period of time. But, eventually, I still succumb to it and make my way to the bank. After that, I gave up trying to discipline myself over money.

You can save money by not spending your online earnings and socking them away. If you like to buy movies, you can borrow them from your friends or the library. Also the library is a great place for getting free books too.

Well I think that the best thing you can do is to teach your children how to save,so they will not ask from you every time.You can also encourage them to earn money by their own in an early age perhaps selling candies to their classmates and friends.That way they can see the value of money.

One good idea is " start writing your expenditure in a notebook for one month. At the end of month, you will be knowing your extra expenditure. Now you can avoid that extra expense in the coming month.

Hi aps! I think the safest way to save money is you could pass on your savings to me and whenever you would require, I will repay you along with hefty interest.. On a serious note - it is really difficult to save now a days, when the cost of living is too high and prices are sky rocketing. You could better save the money in a nearby bank either by opening a 'Saving Bank Account' or by opening a 'Recurring Deposit Account'. In a Recurring Deposit Account, you are required to pay fixed monthly installment and after expiry of the period/tenure (which could range from one to five years) you could get back your money in lump sump, along with interest.

Right now, I can easily say that "you should teach children to make some saving as well" since I have no children yet :p. Theoretically, it's simple - and also great for education; but maybe it's hard in practical . Well, but I still believe, whatever the way, you should teach children to control themselves, make some savings, so they wouldn't be a big spender in the future :). You must be really love them so you can't reject their "silly needs", but I think you should control yourself, for their own sake too! :D