How to save money effectively??

I try to make it a daily goal. So if I manage to go without buying something that I thought I needed, maybe by packing my lunch or getting something for free or using a coupon, then I set aside that money. I also save all of my coins in a jar. I am trying to have little bits add up.

I have found that for me keeping money where I can't easily get to it. Like online sites like mylot. If at all possable I leave the money in my account. I usually only cash out for Christmas, since some sites take awhile to prosses I start around the end of Sept-the beginning of Oct. to cash out. What kind of small business to you want? When I wanted the money to start my homebased business, I done a test study that paid real good.

Well I am not sure if this is so suitable for you but what I do is to change my money into different currency. Atleast then if something immediately comes up, I cant really used the money. I hope you see where I am going here but other wise from that I am naturally good at saving money so maybe that idea will not work for you. You see I hate spending money. I love to see my money increasing. If I have money can buy something I wont buy it. If somebody give me money and say i can buy something with it. I will prefer to put it in savings and not spend it. I guess some people are actually just born with that mentality of saving and not spending money. For me though any time anybody close to me want to borrow few cash from me, they have to give me back with interest. If they say they wont give me back with interest then sadly I will not lend it to you. Like I say I hate to see money come out of my site and what I hate most of all is when someone owes me a sum of money. That really gets me pissed off and upset.

One way is to open a separate savings account and automatically transfer money into that account. Make it difficult to withdraw money from it by having the account without ATM so you can only withdraw during banking hours.

hi simplywilma the best way to do is do not bring to much money budget your money , the things that you will buy and the things that you will use , do not buy a clothes that you will not use. left some money at home , do not use an atm because an atm you can withdraw fast rather than passbook.

Hi simplywilma, Welcome here in myLot! ^^,) I undertand your situation because i have same problem before when I can't control myself whenever i go to some places like shopping malls and market as long as there are stores and restaurant. I was really tempted to buy or purchase those things even i don't need it yet. But because of my courage to prevent myself in buying not important things. I've leaned how to save my money effectively. I want it to share to you. There are many ways to save money and it could go a long way toward helping your budget. First, whenever you buy anything ask yourself 3 times "Do I really need this?" Chances are your quality of life would be better without it. Second, Power of compounding interest. Basically, when you are young will put time on your side. when you are ready to retire in 20-30 years, your money will be earning serious interest. Third, spend money on people, not things. Lastly, Put your time and interest here in myLot. You are not just preventing yourself to go outside to buy things instead seat on your computer, open it, and sign in your account in myLot. Then you EARN money! Save it! then make your own business! Hope it will help you! may God Bless you! Welcome to myLot again! ^^,)/

I don't know about saving for a business. I know how to save on everyday expenses so that you can have your money go further as people don't get raises too often now days but expenses keep rising.

Try to budget yourself on every single project. I know that if you are in business, there must be some cash flow, so you can expand your business, and keep it running. I also into business, and I want to save money as much as I can for myself too. Just research, or try to find every single way you can, that is economic and effective.