Do you save money? For what are you saving?

Piggy Bank - A picture of a piggy bank
@jillann (779)
Philippines
November 29, 2006 12:20am CST
Do you save money for your future? For what are you saving? Do you know of ways to increase your money, like time deposits?Please share your money saving tips here. I am trying to save some money for a house or a business, but I just can't find the discipline to stop spending. Can anyone help?
5 people like this
54 responses
@neon2000 (2756)
• Philippines
29 Nov 06
I save my money. Don't spend when you do not need the things you buy. Invest your saved money to increase its value in a small business.
2 people like this
@jillann (779)
• Philippines
29 Nov 06
Yes. I'll try to keep that in mind. What kind of investments would be good and safe? Please suggest anything you know of. Thanks
• Japan
29 Nov 06
yes,ofcourse,i save money.savings is very very important for our life.it will help more to our future life.you divide your income for savings,spending,outings,and so on..then you can invest the saved amount in bank deposits,purchasing land,insurance,chits,jewels,etc.,so start saving from today.
@jillann (779)
• Philippines
29 Nov 06
I couldn't agree with you more when you say that saving money for the future is very important. Maybe, it's all in the way you organize your earnings, spendings and savings... Thanks for your comment.
1 person likes this
• India
29 Nov 06
yes.money is precious
1 person likes this
@jillann (779)
• Philippines
29 Nov 06
thanks for your response
@jillann (779)
• Philippines
29 Nov 06
thanks for your response
@PRASENJIT (137)
• India
29 Nov 06
Yes, I do save money.Saving stops you from wasting unnecessarily.I save for my family.I would like to save for a noble cause too.May be someday I can open a charitable hospital.
1 person likes this
@jillann (779)
• Philippines
29 Nov 06
That's so kind of you. Thanks for your comments...
@jillann (779)
• Philippines
29 Nov 06
That's so kind of you. Thanks for your comments...
@sweetie88 (4556)
• Pakistan
29 Nov 06
Money Saving Box - Money Saving Box
I too save mine money. But i am n't saving them ofr my future bcuz my Parents r looking after me and i do n't have any tension about my future related to money. Personally, i like to save money. As Parents take them from me sometimes and then i force them to give my money back as soon as possible. I've received $13.43 from mylot so i'll suggest only mylot till now.
1 person likes this
@sweetie88 (4556)
• Pakistan
11 Dec 06
Yeah, i am a 17 years old student and yeah, they support me financialy. I do n't do any type of job but now, work on mylot but working on mylot is my hobby n't a need.
@jillann (779)
• Philippines
11 Dec 06
It is good to thick of myLot as a hobby. This way you won't think of it as a burden. Thanks for your comment.
@jillann (779)
• Philippines
29 Nov 06
Really? Your parents still support you? Are you a student? Thanks for your response
• United States
29 Nov 06
If you are having trouble saving money try this. Give it to a close friend or relitive and have them keep it. Then when you need it they can give it to you IF you really need it. You could also get a CD or a time savings. they are great.
2 people like this
@jillann (779)
• Philippines
29 Nov 06
Currently, I only have a savings ATM account. But it is so accessible, I can use it to spend on my my shopping! hahaha lol I would really like to open a time deposit, this way I won't touch the money until a certain time. Yet to open one, you need a huge amount of money. Thanks for your comment...
1 person likes this
@toonatoons (3737)
• Philippines
11 Dec 06
yes, jillan, i do save money. i set aside at least 10% of my net salary. if you're a big spender or someone who likes to buy things even it they're not that necessary, i suggest that during paydays, you close your eyes and take a little something from your pay. having insurance is a form of saving, depositing money in the bank is another although, personally, i think it yields very low interest.
@jillann (779)
• Philippines
12 Dec 06
Very nice idea to save 10% of your salary, good thing you have the discipline to do that. Thanks for sharing your valuable ideas on this topic. I will surely keep this in mind.
@no1biz (262)
• Sweden
29 Nov 06
I'm saving up for several things in life. My gf lives in the Philippines and I live in Scandinavia. I like us to be able to both live together and travel to visit each other's families. Her son's school also has to be paid and my daghter's studies too. Finally, of course for both mine and my gf's (hopefully) early "retirement". So saving up is really necessary. Fortunately, I have the opportunity to work from home and make some money through the Internet. If you want to know more, subscribe for FREE to my Newsletter regarding Online Money Making Opportunities. You can subscribe at: http://www.manymoney.org/capt_001.htm ;-)
@jillann (779)
• Philippines
29 Nov 06
Wow! You've got a big future ahead of you. Good luck and wish that you and your gf be able to live together soon. DO you also have a regular job? Thanks for the info.
@yorb24 (2179)
• United States
29 Nov 06
I do save money alot. I did save for Christmas. In general though, I'll just save it in case I am in need for it. Plus I have some bills to pay.
@jillann (779)
• Philippines
29 Nov 06
Yes, I am also saving for Christmas because it's the gift-giving month. I'm still lucky because I don't have that much bills to pay... yet...
• Australia
10 Dec 06
savings - savings
I save for my tuition fee in school. I save for my necessity in school and for my future. I don't want to be poor all my life. I know if I invest in education I can have a brighter future. So that is what I am saving for. I am saving for my text books, and things for school. Thank you.
1 person likes this
@jillann (779)
• Philippines
11 Dec 06
That's the spirit. It is good that you have this kind of motivation at an early age. This will keep you going. Wishing you a successful future ahead. Good luck!
• India
11 Dec 06
Yes I save money for use after retirement. By way of : insurance, mediclaim policy, pension scheme, some through monthly deposit scheme in bank to meet any emergency eventualities. House is the best option in todays world. Its cost increases day by day.
1 person likes this
@jillann (779)
• Philippines
12 Dec 06
Yes, having a house of your own will definitely save you a lot on rental cost. I don't have insurances or retirement plans, but I'm thinking to invest on them. Thanks for sharing.
@aogdesk (30)
• Qatar
19 Dec 06
I save money for emergencies, vacation, business, home... make a separate account and commit yourself to save a certain percentage of your income. purchase only what you NEED.
1 person likes this
@jillann (779)
• Philippines
21 Dec 06
Great to hear that you're heading to the right direction. Good luck in your saving and also to your future. I bet it will turn out successfully.
• Philippines
21 Dec 06
try to separate your money. example for expense and for saving. once you separate your money for your saving dont touch or use it. try to set a minimum amount for your savings. for example 40% of your income per month.
1 person likes this
@jillann (779)
• Philippines
26 Dec 06
Thanks for the advise. I will do that starting January 2007. Start the new year right. heheheh
@xypher22 (20)
• Philippines
29 Apr 07
I believe that the most important thing to remember when it comes to saving is "self-control". You must learn how to control youself when spending. Before spending or buying something, ask yourself first this question, "Do I really need this?" Remember that a "need" is very different from a "want". Note that something that you just "want" may interfere with your future goal like owning a house or a business.
1 person likes this
@jillann (779)
• Philippines
5 May 07
Thanks for the advice. I am currently doing that right now. And I'm proud that I currently have a REAL savings account. hehehehe...
• India
29 Nov 06
I want to save money but it is very difficult thats why it is said that "Wat u save is wat u Earn"
1 person likes this
@jillann (779)
• Philippines
29 Nov 06
True.. true.. It is very difficult to save. Thanks for your comment
@nirali78 (307)
• India
29 Nov 06
yes for my future, i save money.
@jillann (779)
• Philippines
29 Nov 06
thanks for your response
@mimpi1911 (25464)
• India
29 Nov 06
.......fund management - saving ur money judiciously
its very important that we save money judiciously. i divide my money into EXPENDITURE, SAVING and EMERGENCY. PPF, Post office: NSC, Insurance: health and life, Stocks and mutual funds investment.
@jillann (779)
• Philippines
29 Nov 06
Wow! You are really organized. Good job! Thanks for sharing...
@malsun (1528)
• United States
29 Nov 06
i save for a lot of things - house, vehicle, travel, my daughter's future. i used to be a spendthrift but now i have learnt to compulsorily save.
1 person likes this
@jillann (779)
• Philippines
29 Nov 06
Wow, you definitely have a long list. Hope you can save the money for all of them. Good for you that you have already built up the attitude on saving. Thanks for posting
• United States
29 Nov 06
I do save money at least right now we are saving for a down payment for a house
1 person likes this
@jillann (779)
• Philippines
29 Nov 06
that's good. Buying a house needs lots of money. You definitely need to save. Wish you all the luck on your saving. Thanks for your comment.
@xypher22 (20)
• Philippines
29 Apr 07
I have also been trying to save money since I started working but it seems that it is really difficult save if there is always the temptation to spend. Im trying to save for my future because I'd like to have my own bussiness as early as possible so that I could retire early once I have a stable source of income besides my work.