to earn is to spend less
• United States
19 Mar 09
Hi Raclie, good discussion. Obviously in light of the state of the world and the United States in particular, most people have not been saving enough, but are trying harder now. I personally struggle to save even just 5% or less of my salary. Between all of my bills, food, clothing, mortgage, retirement, there just isn't much left!
23 Mar 09
Oh yeah.. it is darn hard to save money! Especially when you have a family to support! This is because everyone in the family have different needs every week. And those needs, sometimes need money that is beyond the budget that you put aside for. And it is during those times that you are in a dilemma to touch the savings or not. Better to start saving when you are young and single. No commitments and no one to answer to other than yourself. Easier to budget and save! Something which I wished I discovered at least 10 years earlier!
16 Oct 09
The first thing my husband and I do when we get paid is out $50 away in savings. The rest of the money we get from our benefits (we are both on disability benefits paid by the government) we put into our everyday spending for bills, and grocceries, and then what we make on line we use for spending money. At the end of the month, if we have anything left from our benefits for the household, we put that into our savings accounts.