18 year old trying to save money ?

Question

im 18, have a job that i get around 200-230 a week, i live at home, i only pay 50 a month/phone bill. i have a car that i am always using and put around 40 a week in gas and i spend money everytime i go out with my girlfriend around 20 to 25 when i go out with her 2-3 times a week. i need some help saving money quick because it seems like "i spend more than what i earn" i am trying to buy a used car for around 6 or 7grand. i already have a checkings account but i need some kind of savings plan to help me save as much as i can from my paycheck....?

Answer 1

Open a savings account at a different bank id do it at one thats kind of far away and dont get a debit card and put away 100 a week i do it and its adding up

Answer 2

Have you ever heard the saying pay yourself first? there are some GREAT online banks out there. Probably the one you have heard of is ING direct. It's easy and free, no fees and no minimums. Set up an account with them and if you get paid monthly have ING take some of your wages as soon as you get paid and deposit it into their savings account for you. I like them because you don't get a debit card with the account, so you can't just take out money, you actually have to transfer it back to your checking account (also easy and free). I think it's great you want to save for a new car!! It shows maturity! Good Luck!!

Answer 3

You're going to have to get rid of the phone and the girlfriend if you want to save anything at all.

If you refuse to, you're not going to have a cent to your name.

Answer 4

There are plenty of websites out there explaining how to live frugally and it is something that I am also trying to do in order to save money. My blog is http://thriftymillionairess.blogspot.com... if you want to share ideas and support.  

Answer 5

You take in about 900 a month.  With what you say you spend, which according to what you said is around 500.  That leaves 400 a month left over.  Take out maybe 150 a week, and thats it.  DO NOT TOUCH THE REST.  Start a savings account, and have your parents be on it where you need both their signature and your signature to get money from it.

Answer 6

Yes You can Save Money Keeping In your moms or dad's bank account or you can save it in a money pigy =) i always collect money in money pigy you do it it will be fine Thanks