What is the best way to save money?
Saving money is difficult... Is there a way you'd recommend?
Always start with tax qualifed plans first. 401k /403b/IRA's. A good target savings rate is 10% of your income.
Start small if you have to. But when you sit down and pay your bills, put something, anything - even pocket change into a savings account. It will become a habit and it you do it consistently - you will want to do it.
Some employers offer automatic deductions which is wonderful Start small and then increase it every few months until you have a decent amount being put away.
I find personal money management software very good. If you can get your historical data and review your expenses that will be your first step towards saving. This will help you evaluate where you spend your money and identify the top 3 areas where you want to reduce the discretionary spending. After that it is your determination to stick to the plan.
Try to differentiate between your needs and wants. There is enough temptation out there to convert your wants into needs. Do you have an iPad 2? Do you actually need the New iPad? Perhaps not but you want it.
As LandmarkWealth mentioned 10% of your income is a great start too.
Work more is the easiest way to save money. You make more money and have less time to spend it. Even volunteering would save you money by taking up your time in a way that doesn't use money.
by Penelope Hart 5 years ago
Do you save money? I mean do you put money into a savings account regularly?Do you make enough money to save money? How do you save it? Do you save even though you can't afford to save? Are you cutting corners to save?Or do you simply not save, because you can't?
by T.Campos 3 years ago
How do you save money? Any tips?
by misslady142 8 years ago
What Is The Best Way To Save Money?i would like to know whats the best way to save money
by Cindy Vine 15 months ago
What are some good tips on how to save money?
by tonynosense 8 years ago
Internet and computers obviously cost money. How can you use the internet to save money. Would like to hear your tips. Some ways it has helped me:1. eliminating newspaper and magazine subscriptions2. free and discounted ebooks online3. finding deals on shopping and travel4. reducing the need to...
by TheBlondie 7 years ago
What are your favorite ways to save money?I'm going off to college next fall, so I'm saving as much as possible...but I don't think a jar of spare coins will cut it! Anyone have any clever ways to save money?
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