How to save some money please help

Question

do i open saving account or something else help!

Answer 1

there's no need for that, ppl still withdraw money from their saving account all the time, u just need to work on your spending habits. Make a goal of saving a certain amount and when u reach it, invest in something or buy gold or something.

Answer 2

savings account is not necessary. you can keep money in your sock drawer.

what counts the most is discipline. even if you can only add a dime to your savings, that's a dime saved. do it 10 times for a buck. and so on.

if nothing else, dump all your change into a bowl every day. count it up on the last day of the month.

Answer 3

Savings accounts are a start.  Once you have significant funds you will want to redirect to higher interest yielding investment alternatives.  I wouldn't advise anyone to have more than a few thousand in a regular savings account, you are losing too much potential earnings with such a low interest rate.  They make for a nice place to accumulate weekly deposits, then you make serious investment transfers on an infrequent basis.