saving for future

It's like Tryxiness said, you have to make saving your money a priority. You should look at the money you plan on saving like the money you set aside for bills--the money isn't to be used unless it's an emergency (although you should have additional money set aside for such a situation). At the same time, don't be hard on yourself if you end up spending some of your "saving-money". Just don't let it happen too often. I think you should organize your spending. See how much money you make a month, and plan how much money you want to save each month. Then write down how much you usually spend per month. Write what you're spending them on; food, electricity, water, household items, clothes, etc. And separate in two lists: necessity and want/luxury. Now you can see how your money is being spent. See where you may need to cut back on your spending. Maybe you can buy cheaper brand food, or household products Try using coupons and only buy things when they are on sale.

This is so true. I have learned from my brother to treat savings as if it is part of the utilities you pay every month. It is something that you owe to yourself. I have learned from my friend that if you plan to quit a job, you need to have a 6-month worth of salary as savings to keep up with the pressure. I guess, you just need to start little and practice it and soon you will be encouraged to save more.

We just made our budget by taking the money we spent in July and putting it all into categories. Once we had those, we knew how much we had spent on each type of thing. That's really our budget. We're going to work on a couple of areas that we think we spend too much in, but it's not something we have a lot of wiggle room in. We save by having deductions automatically taken off my husband's paycheque. It's a program through his work. You could do something similar by having a separate account and just doing an automatic transfer every payday to this account, that way you don't see the money and cannot spend it.

One way that I save money is this a good friend of mine told me that you can buy clothes when they go on sale at the stores even for next year she has done that with sweaters and put them back for next year I went to kmart and got me some pajamas for $6.00 and they was originally$15.00 so I consider that a saving.

Honestly, I think that one of the most important things that you can do in order to start becoming a saver is to take baby steps. If you are investing in a retirement plan at work, bump up the amount that is being withheld from your paycheck once every three months. Another thing that our family has done is that we will save all of our change. It really isn't a lot, but every little bit really does help.

I had a big savings account until my husband's hours had gotten cut back. At one time he was working full-time, but for the past 2 years he has been part-time. We put aside 25.00 a month for our savings which is not much, but it is better than nothing. I do a few things online to make money, but I am not making much. I was always told to put aside 10 percent away in savings, but right now I cannot even do that. Just try to get your bills paid off and try to live as frugal as possible. I wish you all the best.

That's true, for securing a financially balanced and good future one should not only know the ways of earning but also of saving. Many times we see that people are sometimes very good with money but then they are out of money when they need it the most just because they didn't save enough or better to say that spent it all. Personally I believe one should set a limit for herself/himself that how much s/he is going to spend and how much s/he is going save in this month and so. Usually I think minimum 10% of saving is better each month than going for the higher aims for saving..

It all depends on how much you earn and what are your real needs. Years ago, it helped me a lot to buy a home budget book and write each day what I spent and in what item. I discovered that I overspent in some not so necessary items and that I could cut costs there.