if you start saving? how far can you go?

i have been trying to save since i was small too LOL but i always end up spending all of them again when my piggy bank gets full i am planning to just save whatever i earn here on mylot. i don't really have something to spend for yet, i just want to save up for either moving out or a trip somewhere.

We try to save as much as we can. We have several bank accounts to help save money so that we don't use that money for things. Right now I've been using my paypal account to save money for things and I got about $15 in there.

If you have a habit of putting aside a certain amount as savings, you may get rich. Or maybe not. But one thing is sure, that you will have money to spend if needed. Even as a child I loved to keep a coin or piggy bank. This piggy bank habit has been useful not only for me, but also for my family when I was young and we were really very poor. I remember I loved to collect those ten centavo coins that were made of aluminum and had a fish design on it. People at that time threw these coins away because they were ugly and no one could really buy anything with ten centavos. I picked these coins people threw away, even inside the house when my brothers just tossed these coins away. There was a time that my mom had no money and my brothers were still in high school, while I was in grade school, that we didn't have any money to buy rice. I presented my coin bank filled with these ten centavo coins. And we were able to buy rice. I still keep a piggy bank now, and this I fill with five and ten peso coins. I usually change these coins at supermarkets during December because most supermarkets need coins with all the Holiday shoppers. From 2005 up to present let's just say that I don't need to get money from my salary or from anyone to buy gifts and food for the season because of these coins. So imagine how much that is. If you are serious with saving even small amounts of money, this is what I can give you as a tip. Of course there are times where we run out of cash, and these savings will help us a lot. But think of it as a loan or a debt that you need to pay back. So that even if you are able to spend a certain amount from your savings, you are obliged to return the amount you borrowed. It takes a lot of discipline and you really have to learn how to budget your money wisely.

I do try to save, I usually put it in accounts that I cannot access easily, thus, forgetting it exists. I don't think it's good to 'save' by putting in piggy banks because it is not considering inflation, thus, it would have been better if you just used the money now because the value would be higher as compared to saving it without interest with a lower value when the time comes. I also put in mutual funds so that they would at least have higher interest without taxes on interest earned. Have a great MyLot experience ahead!

hi LK, Too bad I don't save I just spend I mean what is the use of sweating out if you don't spend your money and you don't let yourself be happy. Maybe saving is good too...............it depends upon the person If I know how to save for sure I can travel in any part of the world miss yah

If i really want to earn, i can earn. However, if i really need money, earning is just easier for me. For regular times, i am earning money from my allowance however, i mostly spend the most of it leaving me only 3 dollars a month from my small allowance from school. However, in such time that i am craving for money, in just a month i can reach 10 to 15 dollars. Why just so small? Actually, it is a bit useful amount which is ranging from 400 to 600 philippine pesos cause i am from the philippines. :)

Its so much easier to plan to save then actually do it. We are tryning to build a savings right now and I am counting every penny to put in there. Its adding up very slowly. I did get a new savings account that we are putting a bit of extra money in to help keep it seperate from our spending money. That way I have to think more about if I really want to spend it or not.

It is one of my problem How can I save if my salary is not enough. I hate it when I run out of budget. I only have 500 pesos in my account. I am hoping that I could add some this pay day. It is really hard to save money. But i don't give up since I have a dream to buy a car on my own. Now, it seems impossible but i am hoping that i can buy it someday.

Me? I save money a lot although I try hard not to spend it, because I am so in need of money. I do not have a job that is why even I tempt to spend my money, I really still cannot do it. Even if it is important to buy those things, I really just cannot do it. Now, if it is an emergency, there is nothing I can do but to spend money like “food”. Another problem is my friends. My friends have a full time job and of course, they work in a prestigious and legitimate companies and receive a high salary while me, I am only working online that pays only a cent. They would invite me to have a get together in one place. I cannot ignore them and I cannot tell them the truth that I have no money at all, and that I have to save it from the money I earn on myLot. It is so embarrassing and I have to spend again my money every time they ask me to join them. That is my problem and if I refuse to go out with them, they think that I focus too much on work online than spending time with them. What can I do? I earn only a cent so I must save it and stay all the way at home.

Hi, Letran, it's so kind to remind us how important is to save money but for me right now this is "mission impossible" :)) My financial situation is not very bright. I don't spend money for unnecessary things. I couldn't do it even if I wanted because the prices of the most vital things go up every day. I give too much money for food. The only thing that I can do is to save my earnings from myLot. I'm resolved to do it but I earn just a humble amount of money because I don't enough time for myLotting.

If I start saving, I hardly can save just $100 per month but it will be auto spent i the next month. So, I can't save money.

I am terrible at saving. I decided to see how much my husband and I could possibly save in a month after all of our everyday bills and responsibilities. In order to do it properly I made the chart based on net income. I have seen so many people budget their gross income to start a savings which makes no sense since at least in America taxes come out of that gross amount making it smaller. According to the amount of all our bills and responsibilities.. we should be able to save at least 400 a month. Now we do have kids and things happen but not every month however every time we build up something of a savings.... we spend it. I told him I think the best way to save up is using our paypal accounts and perhaps a savings account at a different bank. The most we saved up was 200 once.

I don't save much just like you. I tend to spend my salary once I get them. However, I do spend it on important stuff first, like paying my bills. If I have extra, I try to purchase something that I want. I really hope that I could save up to. I remember getting sick and spending most of my remaining salary for the treatment. It is really important that we save at least %10 of our salary for emergency purposes.

I am actually good at saving my money. Only to use it to buy something i really want to own like a car, phone, or even computers. But usually i will end up buying something else that i am interested at the point i save enough like 3 years ago when i decided to buy this samsung phone and i bought an ipod touch instead. This always happens to me but i actually like it since i won't be wasting the money on something i no longer interested in. This is also happens because whenever i want to buy something, i would check for other items with the same price range first and i do that for a long time before i decide to buy. Still, sometimes but not all the time i would regret the things i buy because i see something better at the same price range after i buy it. But usually i turns out to be great after i get to test it and i am happy with it.

Saving habit holds good for only those who find little spending or limited fiancial needs from time to time. For people like me financial freedom has only been in dreams and there is much less to save for the future needs.

Nowhere. I am honestly bad at this Letran and it is my hubby who does the saving.. .i am sincerely planning to change when it comes to this but i have to pay first some debts before i could fully save.

I try very hard to save money. I do save my coins and have been doing my best to break dollars and keeping the change. I put the change in an old cat treat canister and wrap up coins. Once I get enough coins I dump them in my savings account. Our car was starting to die on us so we ended up buying another used car. It has put a major dent in our checking account, but we really had no choice. I am now starting to rebuild the account. I am hoping to keep saving up my change and dumping it into the savings account.

I understand that what I'm about to say might seemed strange, but it corresponds to reality. I am a saver, but only for myself, in the sense that for me, I spend very little. However, the money put aside, I give them to other people like my mother and my brother. But because by doing so I am happy, I will continue to do so! I do not care to be always without a penny below, my happiness is to give to others. You can judge me however you want, but I did so, and I do not think to change my attitude.

I am very unlucky in the case of saving money as I have nature of helping friends lending money and spending money for interested matters including drinking, gambling etc. Now being in the 2nd half of the life time, I am thinking to accumulate a pension fund linked with stock market so that an income is assured monthly in future. Still I can't dream of accumulating big money, but can plan many ideas linked with spending money

I am personally the kind of guy who likes saving up money. Definitely! Now, I don't spend a lot of money like some people do, but I also use another method: the bank. Some months ago I deposited a few thousand dollars in my bank, but on a special account where I'm not allowed to withdraw them before a year has passed. In return, I get an interest rate of 1,75 % which is pretty good for my location and bank. This means I will make 100-200 dollars in a year. For not doing anything, I think that is great. It just requires that you can do without these money for an extended period. :) Happy savings!