Money

United States
February 27, 2007 10:28pm CST
How do you save money?! What do you do to keep from being tempted to spend it?!
1 person likes this
3 responses
@peavey (15380)
• United States
28 Feb 07
Wow, that's a big topic. There are literally thousands of things you can do to save money. Some of the things a lot of people don't think about: Check your insurance, especially vehicle insurance. You may be paying for more coverage than you need. Raise your deductible as much as you can, take advantage of any discount you can come up with. Don't pay for coverage that another insurance policy covers. Don't buy a lot of convenience or snack food, but learn to make your own. Shop the sales and stock up, then refuse to pay full price unless you really, really have to. Shop second hand. It's not a big deal to buy a second hand car or house, so why should it be one to buy a second hand book or shirt? Put away the credit card! Surveys and polls have shown that people spend more money with credit cards than they do when they stick to cash. There's a lot more, but you didn't ask for a book. :) To keep from being tempted to spend money, set yourself a goal, like something new or a certain amount in a savings account. You could even make it a game to see how much you can put in a cookie jar. Play games like that with yourself and you'll get in the habit of saving instead of spending.
• United States
28 Feb 07
Thanks!!! the game does sound fun i mean, i need diffrent ways to think about it instead of saying to myself each day i dont need this and i need to save!!
@brew2x (3096)
• Philippines
28 Feb 07
I started saving money in a bank when I was 7 years old. My grandmother opened an account for me and it was her Christmas gift for me. That taught me how to budget my money though I'm a little impulsive shopper too but at least I was able to save money little by little.
• United States
28 Feb 07
i did have an account when i was younger but my mom ended up taking the money for herself, bills and such. now i wish i would still have that because i would have alot in there by now.
@brew2x (3096)
• Philippines
28 Feb 07
It is alright because your money has been spent for good use. You said your mother used it for paying the bill and it's a good thing, you've been able to help your family.
• United States
28 Feb 07
Yea, but now im moving out in a few months and im going to need money lol. bad
@anil_762001 (1637)
• India
28 Feb 07
saving money is very good habit and the money we save helps us in the time of crisis.everybody should save money.i save money in the form of investing it in share market.here there may the chances that i got my money doubled in a short span of time.
• United States
28 Feb 07
Thanks for the comment, that is an idea i could think of..