how do you save money?

South Korea
December 25, 2007 9:19am CST
hello,i know this is a silly question,but id like to know about you,how do you save money,?
2 people like this
4 responses
@irene_27 (545)
• Philippines
25 Dec 07
i save money by following this golden rule: income - savings = expenses I always make sure to pay myself first by setting aside at least 10% of what i earn, no matter how big or small an amount it is. I've read this formula in a financial book and so far it worked for me. Before, i used to do the opposite, save what's left after the spending but it seemed like there was nothing left to save always and i just went on with the cycle of living from paycheck to paycheck. At least now, i am able to keep a portion of my earnings and with what's left out of it i try to cut off unnecessary expenses just to make ends meet.
• South Korea
25 Dec 07
thank you, wow great idea,
1 person likes this
@eric_v_b (261)
• Canada
30 Dec 07
This might sound a little extreme! Every time I get a paycheck, I take 40% or 50% and put it in a savings account, and after a year you have a great sum saved up!
• South Korea
30 Dec 07
good for you,Good Luck 4 2008
• United States
27 Dec 07
I find it very hard to save money. For me it is more about spreading the money out. See I pay my bills first no matter what. Then I buy my needs and food. it's sad the one thing I have the least of is always food. I could really use a financial planner
• South Korea
28 Dec 07
thank you
@Impervious (1154)
• United States
25 Dec 07
There are two ways. Make more money or spend less. If you can do both then you are golden.
• South Korea
25 Dec 07
tanx