How Do You Save Money?

United States
January 29, 2010 8:12am CST
With the beginging of this new year one of my goals was to go on some trips throughout the year with my family. I need to save money and I wanted to see how other people here on mylot save and if they are willing to give me some tips on how they do it? Thanks for reading my discussion and happy mylotting as well.
3 people like this
31 responses
@messageme (2821)
• United States
29 Jan 10
It's hard for me to save money because I pretty much make what my bills are. So after so long of spending all my money on bills I just go out on a spending spree which puts me behind on bills again and then I have to go and spend everything I make on bills again. But when I do save, which isn't very often, I save my change....I waitress so if I don't cash in my change I can have over a hundred in change within a month. But lately I've been having to cash it in just to help with the bills. Guess I don't have too many tips for you other than to save your change everytime you get it, it can add up! Good luck to you and saving!
1 person likes this
@cher913 (25862)
• Canada
16 Feb 10
my hubby has been out of work for about 6 months and for us it has been really hard to save money but we are frugal with the money we have and here are a few ideas that i have. we make a lot of soups to eat during the winter and eat a lot of pasta. we visit the library about once a week and get movies and books for free there. we also visit thrift stores and shop there quite a bit.
@kykidd (6818)
• United States
9 Feb 10
I have several ways that I have tried and been able to save money throughout the years. Depending on the things that you have going, one of the things I have done is drive as little as possible. This way, a tank of gas lasts longer. I have also put my change in a jar and acted as if it is not there, for as long as a year. Depending on your spending habits and how you pay when you go to stores and such, the amount you save will vary. In addition, I usually put any money that I get from recycling cans, etc. into this same account/jar. One unique way of saving is by paying with a credit card that gives you cash back. In this case, you will definitely want to make sure you pay the credit card off every month. This also helps to keep in touch with your spending habits, which will, again, help you to save.
@cloud31 (5810)
30 Jan 10
I use to save money in an insurance Life/saving plan, and same time i used time deposit to earn more interest unlike normal savings account, since time deposit has to be in due before you can withdraw unlike saving deposit once your in need of cash its easy to withdraw anytime that can tempt you to do it, unlike time deposit it has to be in due then you can have it back..otherwise force to withdraw in maturity period will lose some of your investment.
• Philippines
30 Jan 10
I try to save half of my earnings per month. When I get my paycheck I try put half of it in my savings. That way I sort of "fool" myself into thinking I can only use have of my pay because I don't see it in my account.
@monkeylong (3146)
• Guangzhou, China
30 Jan 10
As far as I am concenred, I seldom save money my own. I usually spend the money if is necessary. So , If you want tp know how to save moneyy on yourr daily life, I think the best way is just to see weather the thing that you are going to buy really require in your life. If it is not necessary , I think you can savethe moneyy out. This way , you will save a lot money.happy you can enjoy your trip.
• Boston, Massachusetts
30 Jan 10
Hi Mom, I changed my old way of saving money. i used to save money from the extra cents, penny, peso i have after taking out everything that i need to pay for the monthly budget--after i receive my 10th and 25th salary. this year i started a new scheme of saving my money. right after i receive my salary, i set aside certain amount as my savings and everyday i tried to put some in my piggy bank. no more moments of saying i don't have money because i know I HAVE LOTS OF MONEY BECAUSE I HAVE A SAVINGS!
@JenInTN (27546)
• United States
30 Jan 10
I usually try to buy in bulk when I go to the store. This saves money in two ways. It saves on the product and the trips made to the store. I use newspaper to clean glass. It works better than paper towels anyway and vinegar and water is a great cleaner. I use bleach too. I have got the energy saving bulbs too. I don't eat out much and I don't buy a lot of snack food either. If there is something extra I want..I put that money seperate from my own and add as I can that way my wants aren't taken from my average income. I'll add when I get overtime at work or any other extra income I get.
• India
30 Jan 10
Saving money is more important than earning money. You should know where and when to spend your money. I usually save money by avoiding useless shopping. You can also save your money by limiting yourself to the restaurant.
• United States
30 Jan 10
One the things that I have done in the past is keep a record of all the money I spend in a month's time. And also keep a record of all the money coming in. I keep track of it in a small notebook I keep in my purse. And just pull it out everytime I make a purchase. So that way I can see at the end month what I have spent money on and how much. Once you see how you are spending your money you can better figure out where it is going and if you have to make cut backs on certain items you can do so accordingly. I would really like to get into the habit of doing this again. Maybe you can try it too. Good luck at saving money in the new year.
@ella8967 (31)
• China
30 Jan 10
I'd like to collecting coins when I was yound,I'd like to save them rather than spending them.but now,I find saving money is sth very difficult for me,I always want to spend them away as long as I see them,I rare think about saving money,there is nothing really make to have to save money,so now I don't save money any more,but I still remember the sense of pleasure when I was saving money as a little child.
@aabuda (1725)
• Philippines
30 Jan 10
I saves money by means of buying only the things that I need and not the things that I want.
• India
30 Jan 10
Showing ways to save money to others is a noble deed. I feel everyone of us should manage to save some money out of one's earnings. Savings should include some long term deposit and some short term deposit.
• Jamaica
30 Jan 10
to be quite honest it is rather hard for me to save so what i am doing presently is to trust someone with it that i know will not spend it or what i do is to try and budget out the money and put the remaining cash in the bank. it is a bit hard but with determination i will succeed.
@ANIME123 (2472)
• United States
30 Jan 10
I save money by not spending it as much and put it aside and not use it. If I do waste money though and I need more I will sell candy at my school and then I save that. It's not hard to save money you will just have to try your best at it. Saving money is sometimes hard I kind of get a bad sense though if I waste my money it's hard for me to spend it now because I don't want to waste it.
• China
30 Jan 10
Make a track record of your spending everyday and a month report for yourself, then you can find out where did your money go, and which part is the largest in your spending, whether it can be reduced, and which kind of things in your list is not really necessary then you can kick them out of your list next time you go shopping. Well, it seem to be a tough work to persist in making record for a long time, but trust me, it is an efficient way to save money.
@vinslounge (1297)
• India
30 Jan 10
that is really a great idea and i really appreciate it. Yes, savings is absolutely important. I usually save 13-15% of my earnings evry where and I spend the rest of the money. Although I ahve not saved much money i=since my savings level are less but still I save some amount every time
@jambi462 (4595)
• United States
30 Jan 10
My current method of trying to save money is too save up all of my online earnings in my savings account. I sometimes put my paychecks into my savings account as well. It all depends though on how much I need cash I guess. All of my attempts at trying to save though have been ruined by scammers take money from my checking account.
@sublime03 (1809)
• Philippines
29 Jan 10
What I want to do once my hubby is settled with his new job is every pay day I get 10 percent of it and put it as savings. Also, I am wanting to put money on my son's savings account in order to save for his future. There are so many ways in saving and it really depends on how you do it. Good luck to all of us!
@coffeebreak (17811)
• United States
29 Jan 10
I learned the hard way how to save money - it was out of necessity to make ends meet. I have written about them all in my blog you'll find on my profile page about How to Save Money At Home. PRetty easy once you sit and actually look at what you spend and how you spend it. One article is about how to save about $2500 - $3.75 a day for a Starbucks times 365 days a year and you can save $1,368 a year! And all over a cup of coffee a day that most probably don't need and can surely do without! Good luck!