Apr
22
Which is the best way to save money?
By
To save money : Self control
But if you want your money to be multiplied then there are a lot of options like Mutual Funds, Securities, bonds, Bank FDs etc. You can also start your own business. But the above said things will require proper knowledge and your risk taking capacity.
18 Comments
April 22nd, 2011 at 1:27 pm
When you get some, put it in the bank and forget about it.
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April 22nd, 2011 at 1:42 pm
A saving acconut Or Hide it in your wallet in different pockets and find it later
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April 22nd, 2011 at 2:04 pm
Track all the money you spend freely now and you will see how fast it all added up.
That oughta motivate you.
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April 22nd, 2011 at 2:49 pm
Put it in a savings account and forget about it. I also recommend you "pay yourself" a percentage of every pay check each time you are paid and make do with what’s left. That way you have steady income flowing into savings and you aren’t tempted to use what you don’t need.
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April 22nd, 2011 at 3:13 pm
well see http://ebiznus.com for this I hope this will be resolving your problem.
keep using answers.yahoo.com
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April 22nd, 2011 at 3:54 pm
dont buy unnecessary things
buy only when on sales
put a fixed sum aside in savings monthly
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April 22nd, 2011 at 4:40 pm
well the way i do it is, i have two bank accounts and i just calculate how much money i have to spend that month, like add up all my expenses and then i put just that amount in the account i can access with my debit and put the rest in my high interest account, and if i have money left over for that month i know i’m doing well, it might not work for everyone, but it works well for me
http://www.youtube.com/watch?v=_-m2Ojw6sTQ
http://www.youtube.com/watch?v=OfnyOd3sQaE
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April 22nd, 2011 at 4:58 pm
put money aside instead of spending it.
If you are saving up for something specific or more than one thing, put picture(s) of it on the moneybox so you won’t be tempted to spend it on anything else.
Keep saving, you can save loads by the way, even a pound a day.
Think about it, if you put aside a single pound every day, you would get roughly £365 in a year. That is a fair amount of money for just putting aside a pound a day. And dome days you could put more aside.
You can also earn interest if you want by putting the money in the bank. Put your money you have saved up in the bank every month. The more money you have in the bank, the more money you make!
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April 22nd, 2011 at 5:48 pm
Have an extra 10 or 20 dollars taken out of each paycheck for State and Federal. I just have 10 on state and 10 on FICA. At the end of the year, that money shows up as overpayment of taxes and you will get that back. But that’s if you really don’t know how to save money.
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April 22nd, 2011 at 6:05 pm
Have you money taken directly out of you paycheck and put into a 401K. By doing this you don’t feel it in the big picture. Also the money is hard to get at because you get hit with a big penalty if you take you money out early from a 401K. Also there many benefits doing it this way. If you put the money in pretax (i.e. before tax, you will pay less tax). If you put the money in post tax (after tax are taken out), you can deducted the money from your taxes. It is a win win.
Philly Guy
References :
BA in Economics and Accounting
April 22nd, 2011 at 6:24 pm
To save money : Self control
But if you want your money to be multiplied then there are a lot of options like Mutual Funds, Securities, bonds, Bank FDs etc. You can also start your own business. But the above said things will require proper knowledge and your risk taking capacity.
References :
April 22nd, 2011 at 7:14 pm
the best way is that be a miser
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April 22nd, 2011 at 8:04 pm
Don’t spend much on shopping of clothes and accessories. Avoid having junk food as it is costly as well as harmful.
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April 22nd, 2011 at 8:33 pm
Hi,
Any work which we are going to do will fall into any of the below 4 categories.
1. Important and Urgent
2. Important and Not Urgent
3. UnImportant and Urgent
4. UnImportant and Not Urgent.
If You want to spend money for the 1st reason, then it is good decision. If Your spending money is in other categories think twice before you spend your Money. Because, never waste money for stupid and meaningless reasons…
If you stick to this, you need not take any precautions and strategies to save money. Your money will be saved automatically…………
References :
Self experience and Books.
April 22nd, 2011 at 8:51 pm
Gold bullion. Silver too.
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April 22nd, 2011 at 8:58 pm
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April 22nd, 2011 at 9:43 pm
Put yourself on a budget and stick to it. Write down all of your expenses, including entertainment expenses. Once you see where your money is going, you’ll be able to see how much is leftover to save. When you’re tempted to buy something or to go out, ask yourself if you really need it. Wait a day or two and see if it’s still an item that you must have.
References :
http://www.budgeting-steps.com/index.html
April 22nd, 2011 at 10:09 pm
I am earning without any investment. For detailed info u can mail me. sourabh.mail5@gmail.com . I wil send you detailed mail.
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