What's the best way to save money if you make $6.00/hr

United States
October 21, 2007 9:22pm CST
I just need to know the best way to save money if I am making $6.00/hr? I can't work anywhere else at this time and I this is what I have for now.
1 person likes this
8 responses
• United States
11 Dec 07
Keeping track of what you spend your money on is a great way to start. You need to cut out all extras, like buying coffee outside of your home, buying lunch at work, eating fast food, etc. Saving money = not spending money. Turn off your lights when leaving a room, turn down the heat and dress warmer. Make a gorcery list before you go food shopping and stick to it. Buy bulk whenever possible, cut and save coupons on items you use. Doing some of these suggestions will help you stretch your paycheck and can give you a little bit more to save each week. I opened up a savings account with ING and have a set amount taken from my checking account twice a month. It's not much, but it adds up over the course of a year and at 4.20% interest it keeps growing. I also save all my change in a old coffee can at the end of the day. When it fills up, I take it to the bank and cash it in. The last one had a little over $110 in it and I used 1/2 of it for some Xmas presents and the other 1/2 was used on maintaining my car (oil change, winterizing, a couple new belts, etc) It isn't easy, but we try to save as much as possible by cutting back.
@musicman6 (2405)
• United States
25 Dec 07
Creationsbyrobin, you're post just hit me with a good idea! Do you know if employers direct deposit part of your check (about 10%) to a savings account for you, if they don't have company savings? That would help out a lot of people that put off contributing to a personal savings account on their own!
• United States
22 Oct 07
At any local library, they should be able to get you a book called The Tightwad Gazette. Trust me; it'll change your life. Take care, Pleady1
• United States
15 Nov 07
Well, it's hard to tell you where you could cut costs without knowing much about your living situation. But one really good money saving tip for when you are shopping is to hold each item in your hand for at least ten seconds before putting it in the basket. While you are holding it, ask yourself "Do I really NEED this item, or do I simply WANT this item?" If you can't honestly say you need a thing, put it back on the shelf.
@musicman6 (2405)
• United States
24 Oct 07
Save at least 10% of what you make,no matter if you are making $6/hr, or $16/hr! Learn to survive on 90% of your income! When you are making more you can increase your savings to 15% of your income, and you'll save even more! You can do it, you just have to crank up your self-discipline!
1 person likes this
• United States
27 Dec 07
I can see you have many answers to this question, but I thought it would share my 2 cents. I understand you can't work anywhere else. But have you looked at other ways at making money? Selling things you don't need on Ebay or Craigslist? Selling services like dog walking, baby sitting or house cleaning. There are also ways to make money online if you looking at making more money or even just some extra money. You can also save by shopping with a list for food. Cut down on the wants. If you work outside the home take your lunch to work. Don't eat out! Car Pool to save on gas. The first thing I would so is to track everything you spend a week and see where you can cut back.
• United States
17 Jul 10
I know it is hard, but can you make money online. I belong to a couple of survey sites where I get a little extra money and sometimes I get gift certificates for Amazon. I also being to here and now that I just found out that you can keep your money in paypal instead of having to put in your account right away. I know it is hard to save money. Can you sell things online? I am getting into making crafts and am hoping to sell them soon. Please PM me and I will give you the sites I belong to.
@Akeela (2078)
• Trinidad And Tobago
23 Oct 07
Bring your own lunch make a lunch , snack trust me it works, buy on sales some grocery sttores have sale on product, buying bulk helps. One month you buy in bulk to last a few months scarfice you wants for a while.Save at leat $20 dollars a week and your spare change.
@jeanniemay (1798)
• Philippines
22 Oct 07
Are you making it online? I know not where you can save best but if you may want to check out, there maybe financial advisers in your location who can help you.