What is the best saving money techniques ??

Question

i want manage back my money.. i need saving money techniques from u all .. please help me..

Answer 1

Get on a written budget.

Answer 2

stay at home ,mostly we spent money outside .

Answer 3

Use coupons when you go shopping, buy clothes on sale and only when needed. don't eat out as much.  Don't use credit cards, unless you can pay the full amount when the statement comes in.  Try to save as much as you can.  

Answer 4

Just open a  savings account and treat it like a bill and pay it monthly or whenever you get paid. I've been doing it for 35 years and it still works

Answer 5

Write a budget and follow it. Realize that if extra money is needed in one area it must be taken away from another. Budget down to the last dollar and be sure to include spending money. Have all essential money (bills, groceries, gas) in a checking account and all spending money in cash so when it is gone it is gone. You can also do the envelop method and keep cash out for gas, groceries, and spending. Give each its own envelop and don't "borrow" from one to another. Leave enough for bills in checking and, for all extra, put it into a savings account that is accessible but not too easily. Keeping it in a checking account with a debit card could lead to temptation on superfluous spending. Don't use credit. You have to pay interest to use credit. If you save for a big item you earn interest instead.

Answer 6

i'm proud  with you regarding your answer...

i know that u have experience for this problem now and u try find some saving money techniques to settle it .. i'm glad to help u through your question..  

there is many saving money techniques outside there but briefly u must calculate all your expenditure inside your note book and put into your pocket.. end of the month please total it.. from that u will know how to save your budject..

secondly try bring food from home to your office.. try to lessen eating outside office .. maby u working 5 days a week , before this everyday u have eat outside so after this try bring food for 3 days and 2 days eating outside with your friend..

maby u need more techniques or tips please go to this website

http://saving-money-techniques.blogspot.... maby u will got some info..

hope this answer will help u..  

Answer 7

hello - GREAT that you are thinking of this.  You are way ahead of the game and clearly on the path to staying there -

here are some tips and ideas -

List out how much money you have coming in each month (paycheck, alimony, side jobs, etc.).

List out what your fixed costs are (rent/mortgage, car payment, car insurance, phone, cable, student loans, commute costs etc.) If you have credit card debt look at how much per card and which has the highest interest rates.

Track it by category -

retirement (401K, etc.)

home

car (payment, insurance, etc.)

gas

cable/electric/water

groceries

eating out

clothing

movies/plays (include the popcorn)

books

newspaper (if you already paid your news paper or magazine subscription, figure out the monthly cost and include that)

hanging out with friends (bar, pool etc)

non meal related drinks/snacks (Starbucks, diet coke, snacks)

other

other

(other could be alimony, whatever, things I did not list out but you have to pay)

and you will see quickly where your money is going to go. Then you can see if it is all the right places, or if you want to make a change and not buy so many clothes, see so many movies (or pass on the popcorn) etc. Do you need to have the car you have or is there a way to get a vehicle without a car payment? Do you need HBO?

Consider what is really important to you and what is not and spend accordingly.

Be sure to put all left over money into retirement savings somewhere and not just spend it on something else (or put it towards paying down credit card debt). And keep tracking what you spend for at least 6 months. that will help you get into habits and patterns that are good ones.

Retirement savings are very important, so if you have a 401K or the equivalent, dont stop contributing to that. I see so many questions here about stopping contributing or taking the money already saved out, dont do that. The value of the compound interest is huge.

feel free to email me for more info if you like

good luck