How do you save more money with the present economy?

Malaysia
June 3, 2008 10:12pm CST
I am just curious with other households in holding up with the present gloomy economy. I could not enjoy much like I used to esp. luxury in pampering myself. Has the the impact been tremendous to you and how do you go about in your daily lives to save up from all aspects? Thank you for sharing.
4 responses
• United States
17 Jul 08
It's definitely true. And yes, the economy has been having a tremendous impact on my family. I've been a SAHM for 7 years now and I homeschool my two children. Going back to work and being able to homeschool is not really an option. I do have a small cleaning job I do 2x per month, and during the school year I do childcare for a church bible study 1 morning per week, but aside from that, it's next to impossible. We were strapped for cash BEFORE the gas prices started skyrocketing. So, now we're basically doing a financial juggling act all the time. I try to do 2 things to still "save" a little money. I throw all my change in a jar and then periodically cash it in. And I have an ING online savings account set up with automatically withdraw just $1 per month. So, saving $12 a year may not seem worth it, but to me it's the habit I'm establishing. At least that $12 will earn interest and hopefully I can increase the amount of the withdrawal soon to save more. But, it's just all I can do right now.
• Malaysia
19 Jul 08
Hie Renita, in times like this, any penny counts in whatever means. I am glad that you are still strong in facing this daily challenges. I do wish things will get better for you as the days go by and you will get to find more opportunity along the way I am sure better days are ahead and do keep staying strong. Best wishes and a good weekend.
• United States
19 Jul 08
Thanks, Desierra, We'll get through this. God always takes care of us somehow. I just wish He would do it in MY time frame! ha ha! But, I have a wonderful, healthy family, a roof over my head, clothes on my back and food on my table, so I'm OK with that!
• Malaysia
20 Jul 08
You are welcome and with your optimism plus spirit, you are a survivor no doubt Cheers,
@selece (2357)
• Philippines
17 Jun 08
I guess one should only buy the necessary things that is needed to get through each day. We should be avoiding spending a lot of money for luxury or anything that we can actually live without. At home, with the present economy, we budget our money wisely by doing so. We spend money on important things only. If we have extra money to spare, that is the only time that we spend it for luxurious means. ^^
1 person likes this
• Malaysia
17 Jun 08
Yes, that's a right thing to do and wise. moreover the savings, we could use it for special occasions and it will be more meaningful by then. Well! I would have it as a treat if circumstances allow when I have been doing such a good job :) Cheers and happy posting!
1 person likes this
@selece (2357)
• Philippines
16 Jul 08
Thanks for giving me the best response! Wow, got two in a row from you, thanks much. Take care!
• Malaysia
19 Jul 08
You are welcome. You do deserve it Have a good day and take care too
• United States
19 Jul 08
Our visit to a beach area for a few days has been cancelled. Because of the economy, the cost of staying overnight has gone up from about $80-$100 a night to more almost $225 a night! Instead we will take a few day trips and end up actually saving some money by doing it this way. Lucky for us, we live only about 20 minutes from the beach and our boys love going. We saved for our vacation all year, so it will be nice to put some of the money away, maybe towards a late fall or early spring vacation. If it weren't for my online handmade jewelry shop and earning money online, I don't think we'd even be in the position to take these vacations (and believe me, they aren't great big, expensive vacations)We would barely be able to scrape by each month w/o the extra $$.
1 person likes this
• Malaysia
20 Jul 08
Hie Robin, as always things will not turn out as we wanted to or expected but I am glad that you are still able to pull everything together nicely and have a happy family around you I believe it's not the expensive vacations that matters but the quality time spend together as a family in whatever way. Cheers and thank you for sharing.
@snowy22315 (31187)
• United States
16 Jun 08
I dont eat out at nice restaurants as much as I would like to. I also am not taking weekend trips or day trips very often. Other than that i am doing ok. It is hard breaking to have to fill up your gas tank.
1 person likes this
• Malaysia
17 Jun 08
Hie Snowy, Yes, that's true and now we could only afford for real special occasions. We will have to make do for now but at least we are still fortunate to be able to enjoy. Thank you for the response and cheers,