Any good idea's how to save good amount of money
September 20, 2006 10:34pm CST
Anyone have any tips on saving money or investing?
• United States
7 Oct 06
You need to decide what you are saving for. An emergency fund? Retirement? A vacation? Schooling? Christmas shopping? Higher education for your children? Once you decide what you are saving for and you put a price tag on it, it becomes easier because you can see your progress. Set up a separate bank account for your specific goals. Many banks allow you to "nickname" your accounts so you know what each one is for. Good luck.
11 Oct 06
Gee there are so many ways. Firstly buy things when they are on special at the supermarket as so many things, including bread and milk for example, can be frozen. Cook meals rather than eat out, grow your own vegetables or at least have your own herb garden. Walk or ride a bike instead of driving everywhere. Only go shopping one a week/fortnight as the more times you go, the more you end up spending. Whenever you get small change, put it aside and then once every 6 months, deposit it into a special bank account. It will soon mount up and you will be surprised. Instead of buying books and magazines, go to your local library and borrow them for free.
8 Oct 06
If you can completely do without the money consider investing it into a high-interest account, usually one’s where you’re not allowed ‘instant’ access to the cash. I don't know the accounts availble within the US so I can't help with their names. Buy cheaper non-brand goods where possible if you don't already, cook for yourself, it's far cheaper! What's left over have the next day, it usually tastes better also as the flavours have had the chance to blend. Walk where possible instead of using a money-guzzling car.