how do you save money?
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.
• 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