How to save £10,000 in one year?

Question

What do I need to cut back on and be saving how much per month? thanks

Answer 1

you will need to save £800 a month. it depend on what you earn, but if you only earn £800, then cut back on everything.

Answer 2

depends how much you earn, stupid.

Answer 3

Great ideas to save:

Saving: Youll be cutting back on alot! Thast like saving £900 plus a month almost.  You can svae but why  not sell things to earn more? Its a great idea.  Some people focus alot on saving saving saving but dont realise that selling unwanted items can do alot of good too to have alot of money. Sell stuff on sites heres a few;

http://www.sellit-right.com ,http://www.ebay.com etc.

Note: -Avoid the payment protection racket

Banks and other lenders are selling expensive insurance policies to cover loan repayments to people who don't need it. Don't be a victim of the hard-sell.

Saving: £100

-Avoid extended warranties

Electrical goods are more reliable than ever. If your new radio won't last three years perhaps it's not worth buying in the first place. Think about it: how many times has your fridge broken down in the last five years? And do you really need the hassle of claiming for repairs to a £15 toaster?

Saving: £100

-Shop online

The internet is gradually taking over. Online grocery shopping is getting better all the time and there are plenty of comparison websites to help find the best prices for bigger items. Give it a try, unless of course you like fighting your way through supermarket crowds.

Saving: Your sanity.

For more saving info read here;http://www.thisismoney.co.uk/50ways

Answer 4

cut back on eletricity -- off all lights when not in use.

take more public transport.

Dont spend on things u've already got. example n95 8gb.. and now u want a n96...

simple things, and the rest depend on how much u earn/month.

Answer 5

You omitted to mention how much you earn per year? if your income is like 24,000 per year so you can just making it with few cuts here and there, if not maybe you can get another job and save all the income form it.

Answer 6

drugs, s*x and drink

Answer 7

You need to save approx £800 per month.

If this is a struggle then you could consider giving yourself a money make over.

Are you getting the best deals on your insurance, gas, electric, phone  etc.

Make sure your savings are in the best account.

If you have debts, better to pay them off first before saving.

Can you increase your income ?

Check out:

http://www.moneysavingexpert.com/

Answer 8

Although I am in the US there are shows on tv that are always giving advice on how to save money...

The one that I actually know of people doing was the put your credit card in water and freeze it. That way when you want to use it you have to thaw it out and by the time that happens the urge to shop is over.

The other way is writing down where every cent that you spend goes. After some time goes by, look and see exactly where your money is going and you will also see the 'useless' items that you buy that you didn't really need. But, you also have to be aware of the money that you are spending that you need, but you could cut down on. Everyone needs their coffee in the morning but is it cheaper to buy a cup or make one at home and take it with you? Is lunch cheaper going out or taking with you? Do you go to the movies to much? Cheaper to rent.

I hope this helps you and you end up saving more then you needed to! :o)