Are You Good At Saving Money?

Saving money is easy for me. I have a goal in mind, and that is to buy shares that pay dividend every year. I try to save half my income every month, though sometimes i will still go overseas vacation twice a year. I try to cut down the expenses by going to regional countries instead of taking long haul flight. My job does not pay overtime, though I have fixed income and that allows better planning.

It is very very very hot there isn't it? I am a good saver....always was, always will be.

I'm good at not spending money on myself, but I easily give in when it's for my children.

Every year, we have a "travel fund" :) We always saves for $2,000.00 for both of us.

I am trying hard to save

Absolutely! I've been saving every penny I have since I was 5 years old. I only buy necessities (food & toiletries). I don't go out. I only go out when I need to work & buy my necessities. Not a party animal and not into shopping. Every penny I received from my allowances when I was still studying & when I started working, I kept them in the bank. I don't trust my government's benefits. So, I've been building my own retirement funds, emergency, savings, etc. I don't want to rely on anyone including the government when I'm older. I deposit money first in the bank, what is left after depositing money is what I can spend for my necessities (food, toiletries, rent). And, I work a lot even on weekends. If time will come that I can't anymore work or I won't be able to work, I believe my funds will save me.

I'm not good at saving money since I like to shop for high end makeups and branded journals. I'm also fond of collecting pandora charms.

Not so much because sometimes i am able to get some of my savings when i go overboard with my expenses . Cravings to eat out is the most culprit .

i am a thrifty person and i guess somewhat yes. in our company, overtime is not paid.

I am good and then I am not. lol I save a lot but when a festival comes around I spend it all on others. Buying gifts and things for them.

Indeed dubai is beautiful .. I am currently in dubai and yes its expensive .. No I am not that good at savings and I hope you save money to visit here :)

I dont think saving the whole time is so good -yea you can buy some nice staff at the end but emotions and good memories are the most important think one can invest in.I wish you nice journey

I feel a goal always motivates you to save. In your case you have mentioned that the goal is a vacation to Dubai. Dubai is normally a hot city, which I understand you have already learned from the experience of other members who have replied to your post. The temperature during the last months on the year is pleasant and I think it is worth a visit. The city is expensive but I am sure you have your reasons to choose Dubai. So the post is how to save more. Well before I start I must acknowledge the nice gesture which you have shown in taking your mom to the vacation with you. I understand your duration for saving is less and I really don’t think shares or any form of equity would be a good idea for you. These are instruments for a long term. I really feel you should be safe rather than sorry and put in a fund which is a debt instrument and assures a minimum guaranteed return. The risk will be less and so will be the reward but the rewards are certain which seems to be the need of the hour in your case. Lastly I would recommend that you see other emirates as well like Abu Dhabi and Ras- al Khaimah. Do let me know if you need any information on Dubai as I have been there on more than one occasion.

@gudheart I cannot save money!! i have this habit of spending too much in month starting then literally staring at walls the rest of month..

We're trying to save a little, but it isn't much. I usually put some change in a jar. Not sure how much is in there, but there's easily a few dollars in there.

@gudheart,I do believe I am although my friends say I am a miser.I never buy things I don't need.Most of my friends are habitual buyers.

Yep work lots and don't spend much is the key

Have you priced 5 star hotels in Dubai? They might be very expensive.

I used to be great at saving money. These days I have a lot less to work with, but I am saving some money to pay back a friend who loaned me money to help me in my time of need.

I'm horrible at saving money. For some reason I just can't control it