I really have money problem can somebody help with this issue?

Question

i need a tip to save money

Answer 1

I have heard of freezing credit cards and than having to thaw them out if you want to use them...in theory, by the time the card is ready you decide you do not need the item any more. Write things down so you know where your money does and decide that something is not needed.  

Answer 2

Spend less than you make.

Answer 3

Stop buying things you don't need to survive. Purchase store-brand items, not brand-name items. Shop for produce at a farmers market and not a store. Look for sales if you need to but things like dvds or clothes. Set an amount of money you will allow yourself to use each month and do not go over that. Store any extra money in a high interest rate bank account. (that way you'll make money while saving money). Consider buying a CD (certificate of deposit) so that you can't spend that money, and after a few years (or get a short term CD that only lasts a few months) it will be worth more than you paid for it. Start tracking where you are spending money so that you can decide where you can cut back. Getting a second job is also an option. Whenever you feel the need to buy something, ask yourself if you really need it or if you can wait until later to get it. Consider how much you will use it. You could try going out without a credit card so you don't have the ability to spend as much.  

Answer 4

That is really easy.  Don't spend it.  I don't know how old you are, so I don't know how much money you are bringing in, or have to spend, but the ONLY way to save money is to not spend it.  When you do your budget make sure the first thing you do is pay yourself.  Treat yourself like you are a creditor and you owe yourself money.  Every time you get paid, so much goes to you first, then the car payment, food, etc.  Put the money in a savings account, 401K, etc.  If you make enough  money, or are old enough, etc., then the  best thing going right now is a ROTH IRA.

Good luck.

Answer 5

Stop spending - it's that simple.  Get a second job to get out of debt.

Answer 6

It's easy to say stop spending but that doesn't help.

1. write down on a piece of paper what your income is.  (Yes I know you know it but this helps)

2. subtract fixed costs.  rent, electric, food, car expenses, insurance on everything etc.

3 ask what you can change about your fixed costs.  Probably not much.  Would it help to share aplace to cut rent? Do you conserve electricity? Are you careful about food purchases?(Do you make meals from scratch and save leftovers?)  Do you do more than drive to work with your car?  Is your phone bill as small as you can make it?

4 Then there are the varibles.  Do you eat out more than in? (don't its not a life saver.) Do you spend more on entertainment than you need to.  Stay home most evenings.  What kind of clothes do you buy the name brands, or the cheaper plain items?  Do you buy a new wardrobe with the seasons?  Do you need the latest computer games or actual PC?  Keep the one you have and save up for that new one.

If you have the skill time and space produce your own food,clothing, entertainment.  Look for music in the park or borrow some kids and play frisbee.  Even if its only $5 a week put something in the bank and make it a policy not to touch savings except in an emergency.  Make a policy on what constitutes an emergancy.

Evaluate your job do you want to stay or can you move on to better pay?

Also any outstanding bills should have your undivided attention now.

Make sure not to get in trouble with IRS you will be bedeviled for years to come.  Its just not worth it.

Hope this helps you get started.  

Answer 7

A start is to set your priorities. What needs to be paid, what you can save and what you can spend on yourself. Think before you do and it shouldn't be hard. But it make take a few tries before you get the hang of it.

Answer 8

1) Direct Deposit into a Savings Account at your local Credit Union.

2) Credit Unions offer alot more for their customers and Direct Deposit makes you save First, but discipline yourself that the money in that account is for EMERGENCY's real ones, not I need a new HDTV or something, They also have Vacation and Christmas Club Accounts

I make my car payments to them weekly, I deposit $300 of my check each week to the credit union, out of that they take funds for Vacation and Christmas Clubs $25.00 each per week., 2 Car payments and savings$25 a week. In Nov and May I get a fat check for my Vacation/Xmas Club to use for those purposes or I deposit into Savings account, until I need them.

3. Read DAVE Ramseys Financial Peace and find out where you can take the course (local Churches offer it too!)

Answer 9

A good thing you can do that has helped me in the past is to record all your spending over a 2 week to one month period. If you get a receipt for EVERYTHING you spend and at the end of each day write it down in a notebook or an account ledger it really only takes a few minutes. Then after 2 weeks you will start to see the places you waste money and can start to cut out or make a better effort to cut back of stuff you don't need. Sometimes just seeing how the little things you spend money on without thinking (impulse buys and such) will help you save money. After a time doing ths you'll be able to make an easy budget to follow. And you should always take something out of each pay check to put in savings... 10% is best but anything is better than nothing. Once you see your money adding up it becomes psychologically easier to save.