What is the best method to save money in the US?
It is depends on your liabilities. And it also depends on how much you pay for buying something.Find for discounts or copuns wherever you go for shopping, just like Walmart & etc.And also avoiding spending money on unwanted things like eating in restaurants for month.And seriously it is working, in my life experience i save $500 for a month rather than thats of previous months. As a University Student.
How do I save money?!?
Hello, I'm 19 years old and I CANNOT CONTROL MY SPENDING HABITS. I want to save up now since I dont have any bills at all except for a $50 phone bill every month. I do work, I make about $300-$600 a month depending on my hours. Every time I try to save, I end up caving into my savings and spending it. I need to know a method that works. I've tried to have a savings account and I ended up closing them TWICE. Then I tried to save in cash and hide it, but I ended up using it. I use to be so good at saving when I didnt have a job, but now I keep having that mentality "I'll get this back next paycheck." Please tell me what you usually do for savings and give examples! Thanks in advance.
What is a good way to save money with a small salary?
I think I am Qualified for this answer -According to me there will be two step for saving money 1st one would be save money and second would be create more money.Save Money - :1. Put the money aside that you want to save then plan your month with the rest of the money.2. Set your priorities with rest of the money and work on them accordingly.3. separate your needs and wants and live on your needs not on your wants.4. Adjust your needs as well.Make more money -:Go for second income as well. As by only saving you can never save so much money with a small salary. try to work on some weekends, I would suggest to work on contract basis/freelancer so that you are not always bound to anyone take a project finish it, take rest for a while and enjoy with extra money that you earned and then go for next project when you are ready.Some points to remember -: 1. Never adjust so much that you kill your interests, put some money aside(let say 10%, money will grow with your salary) for the things in which you are interested. 2. Never adjust on a healthy diet (I have seen some of my friends doing so), if you are doing so you are killing yourself.Summary - So after considering all the three points mentioned above that's how it goes.Keep 10% aside for your things of interests.keep 20% aside for your diet.keep 30% aside for your needs(House rent, travelling fare, little work of maintenance of various things).keep 10% as buffer for any of the above.Now you can save 30%(which is really a significant amount) of your salary. at the end of the month(or whatever your cycle is for getting paid) what ever extra left from that 70%, save that too.chase your wants from extra income, I would never suggest to save that extra income unless you really need to.P.S. This is my own experience(personal and observed), this is a way of saving money but not the only way for it. Percentage that I mentioned above, works for me, you may plan accordingly.Thanks for A2A Manderas Hailu
Is buying gold a good way to save money?
I would say no, it isn’t a good way to save money. Over the past 30 years, the price of gold has increased by 335%. Over the same period the Dow Jones Industrial Average has gained 1,255% and the Fidelity Investment Grade Bond Fund has returned 672%. There are some periods where gold has outperformed stocks.Some of the other things are that gold is not real liquid. Depending on how you buy it you may find yourself having to buy at retail and sell at wholesale. If you are really wanting to invest in gold the best option might be a gold ETF. Most investment professionals don’t recommend having over 10% of your saving in gold.It is just a lump of metal. It doesn’t do anything, water it and an ounce of gold won’t grow into two ounces. It doesn’t earn a profit or help the economy. If the world’s economies really totally collapse canned food or pairs of jeans may have more barter value than gold.
What is the best way to save money and watch it grow?
I am having a baby soon so I want to start saving up money for his college, money for a house and just extra emergency money. What would be the best way to do this? I don't want alot of restrictions, I just want to be able to throw money in, and let it grow.
Best way to save money?
It like to save up to get a sport bike, and I make enough a month to save for it, it's just the saving problem I have trouble with. I always end up seeing something I want and then dropping cash on it. What are your best ways of saving money? And what do you suggest I do to basically force myself to save? Thanks for any and all help!
About how many mouths does she need to save money?
This is very simple. 125 per month - 20 per month expenses = 105 savings each month 800 / 105 = number of months needed to save. Answer 7.6 (rounded ) Roughly about 7 and a half month. If she's paid monthly, then 8 months needed.