How do you save money?

Malaysia
June 9, 2008 11:29am CST
I will save some of money when I get money.We need to save money because we will not have money when we need to use.How do you save money?And why do you saved money?
1 person likes this
5 responses
• India
10 Jun 08
Saving money is a very important activity. We never know when something bad can befall us and we require money at that time to cope with it. if you dont have money saved and if the situation demands more then what will yo do??? take a loan but why???i mean why to pay interest. if you can save a money bit by bit, it accumulates in the long run and helps you at your worst conditions..
• India
17 Jun 08
i also want to say that, being an Indian and coming fomr a conservative background, saving money comes naturally to me. And saving money isnt very hard. yes, at first it looks as if we are becoming a miser and not spending money even for our own entertainment, but gradually you will learn to save and enjoy while saving too. And as i said before, saved money comes to great use at worst times. At that time you will be relieved of the stress and pain.
• United States
9 Jun 08
This of course depends on how much you need to save and for what you are saving and why. But if you are saving just becasue the best way is to save change. We generally disregaurd change as currency but you would be surprised how quickly it actually adds up. For larger amounts of money it is always a good idea to open a savings account at your local bank or credit union. This way you actually have to work to get your money and therefore you will be less tempted to freely spend it. Of course a natural question is where do I find the money to put in the savings. With every paycheck take a $20 put it in the savings and big deal it's only twenty bucks and you would have spent it on something unneeded anyway.
• India
10 Jun 08
Saving is an automatic thing that happens to me.Evry month I get my salary some of it invariably is saved in my account.But I believe it is more important to invest rather than save.So I do invest in Mutual Funds and other investment avenues.
@deepakde (156)
• India
9 Jun 08
I think just store in a bank as a F.D(FIXED DEPOSIT )in a simple E.M.I and can easily safe ur money very easily and back can give u a interest in ur money and can purchase a some mutchul funds they can alsso purchase in EMI
@kareng (7986)
• United States
9 Jun 08
We are cutting out eating out unless I have a free gift certificate from various websites that I use online like mypoints.com. With the rising cost of gasoline, I am seeing a need to cut back on other things.