Dec
23

How do you save your money?

By admin

How do you save money? I started saving money by opening up an savings account and also being really thrifty.
How much do you save monthly? I am planning to save around $700 per months after I finished up paying of my credit card within a few months.

I pay myself first and last. As soon as I receive money, I transfer 1/3 into my savings so it is harder to access. Any unanticipated money I receive, I put directly into savings and that includes rebates, gifts, taxes, refunds, bonuses, incentives, etc. And, I pay myself last. Any money I have leftover after paying my bills also goes into savings. I have no debt and live below my means, so saving is pretty easy for me. Plus, I am a tightwad miser who rarely pays full price for anything. So whenever, I save money buying something, I also put the actual amount I saved into my savings, too.

2 Comments

1

In my shoe box under my bed.
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2

I put my money in a christmas thing that I got a few years ago, and I put it on a shelf and forget about it.
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