How to Save Money?

China
June 24, 2008 9:06pm CST
We all need money and want to be rich,but few knows how to save money successfully.Recently i saw a passage about saving money,so i will share it with mylot friends: Money doesn't come easily.How to save money? First,you must be frugal.(It is too difficult for me!!) You should be careful with your money. You should be a conservative spender. Live within your means. Live within your budget. Never spend more than your make. Look before you leap. Manage money wisely. DON'T LET MONEY BURN A HOLE IN YOUR POCKET!! Second,don't be a borrower. Pay off your bills. Out of debt,out of danger. Debt is like a bottomless pit,once in it,you fall deeper and deeper. Third,don't be a lender. Lend your money and lose your friend. Lend only in case of emergency. Fourth,buy things with cash. Avoid using credit cards. Avoid those interest payments. Never spend your money before you have it. Never buy things you can't afford. I find that i nearly can't follow any rule above.So what about you,my friends? can you follow these rules?
2 responses
@salonga (28016)
• Philippines
25 Jun 08
You posted a very useful topic. The tips you shared are really worth to be noted, they are very practical and very feasible. Sometimes we feel we don't have much to save but by just following the tips you sent, there is no reason for us to say we can't save. Thanks you for posting this topic, it's a very good reminder and really very informative.
@whiteheron (4223)
• United States
25 Jun 08
I must admit that I have not in the past followed these rules and then had major problems... I have learned to be more frugal, and to know what I am spending. I do not use a credit card. I pay the debts from the past that I can pay and try not to get more into debt. There are some though that I cannot pay as I do not have the income needed to pay them yet. I choose to gift people rather than to lend. I do use cash and debt cards. I don't spend money unless I have it... It is a difficult way to live but there are less dangers in it and there is more security... I well know it when my finances are not good and budget accordingly. I am not an ostrich like I used to be hiding from reality and lying to myself about my finances... I tell myself the truth and know where I stand.