Do you save money on a weekly or monthly basis?
By Simone
@Janet357 (75646)
November 30, 2020 12:48am CST
I always love reading posts about saving and frugal lifestyle. Am not an extravagant person but such posts inspire me so to continue what I do.
One of my favorite topics is saving. Some people save everybody, others every month, while others, every quarter of the year.
What about you? I do it every month:)
16 people like this
18 responses
@ARIES1973 (11426)
• Legaspi, Philippines
30 Nov 20
I am doing it on a daily basis with the help of an app. Although before, I am already saving the amount at home and would deposit it in the bank when it reached a certain threshold. But oftentimes, I would be forced to spend whatever amount I kept for some unexpected things. But now because of this app, I can save part of my daily income from my small business regularly. So, everyday, I would deposit 2 dollars.
3 people like this
@ARIES1973 (11426)
• Legaspi, Philippines
1 Dec 20
@Janet357 I have 60 dollars which also earns interest in the amount of 4% per annum compounded monthly.
1 person likes this
@pumpkinjam (8768)
• United Kingdom
30 Nov 20
I try to save money each month (because I get paid monthly), and sometimes manage to put a little aside in between. I've always been good with money, although never previously had enough left over to save. I think that's why I'm doing well with savings now - my husband and I are both so used to having to carefully budget, often with more going out than coming in, that we still live frugally on a higher income. I kind of feel sorry for a friend of mine who recently lost her job. She'd always earned a good living and now suddenly thinks she can't manage and is somehow struggling on just her partner's wage - which is double my entire household income. I guess, if someone has always had what they need and more then it would seem difficult. I feel lucky that we can now afford to have a holiday every year - something I still see as a luxury.
2 people like this
@pumpkinjam (8768)
• United Kingdom
30 Nov 20
@Janet357 I wouldn't say my friend lives 'extravagantly' as such, she's just never had any financial hardships.
My husband says it surprises him when he asks how we're doing financially (as I'm mainly responsible for that sort of thing) and I say we're doing well! I must admit it's very strange to say it.
1 person likes this
@Janet357 (75646)
•
3 Dec 20
@pumpkinjam okay. Pandemic is a hard blow to those who live comfortably just like your friend.
@Shiva49 (26690)
• Singapore
30 Nov 20
I am retired now.
I worked for over forty years and I managed to save every year.
I lived comfortably but I still managed to have just enough for a retired life.
I did not think in terms of weekly or monthly but I saved over a period of time.
2 people like this
@Blondie2222 (28611)
• United States
30 Nov 20
I try to save daily and buy cheap if i can. I try to put some money away each paycheck if i can. Every little bit helps.
1 person likes this
@Blondie2222 (28611)
• United States
3 Dec 20
@Janet357 Yes starting in Jan I'm going to try the envelope challenge. Mark 1-100 on 100 envelope and every month til christmas put money in each envelope. I saw this on facebook and thought I would try it. It depends on your budget too you can also write 1-50 on 50 enevelopes.
@prinzcy (32305)
• Malaysia
30 Nov 20
It's monthly for me. I can't follow those example that keep certain kind of money and some sort. I got bills to pay and people to feed (cats too) Luckily the bank allows us to create a special account within the savings account. So I set for the money to be cut off at certain amount monthly. If I got more, I'll top up the amount.
1 person likes this
@freelancermariagrace (28050)
• Philippines
30 Nov 20
Yes, I always try to save money every month.
1 person likes this
@cperry2 (5608)
• Newport, Oregon
1 Dec 20
We saved money out of every paycheck. We are retired now and it is a bit harder to come by extra money we can set aside, but we do every time we get unexpected money.
I cannot imagine trying to be retired if we had not saved as much as we did. We do not need to work to survive and we would have to, had we been less willing to put money aside.
1 person likes this
@AllAboutAMA (107)
• Indonesia
30 Nov 20
same with you, I always set aside a monthly basis.
1 person likes this