| Best way to start saving money |
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Blackbash
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Sure, no problem. Just wanted to check that, maybe I would have advertised on this site. Anyway...back to the topic.
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Wed Dec 23, 2009 10:10 pm |
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No-Brainer
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quote:
Originally posted by Blackbash
Sure, no problem. Just wanted to check that, maybe I would have advertised on this site. Anyway...back to the topic.
Actually there is an easy way to do that and it's free.
http://www.money-talk.org/network/
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Thu Dec 24, 2009 12:07 am |
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coaster
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quote:
Originally posted by No-Brainer
quote:
Originally posted by Blackbash
Sure, no problem. Just wanted to check that, maybe I would have advertised on this site. Anyway...back to the topic.
Actually there is an easy way to do that and it's free.
http://www.money-talk.org/network/
The link No-Brainer gave you is the Money-Talk banner exchange. We also have the Market Forums in which members may post advertising threads paid for with their forum cash. Like he says.....they're free. 
~Tim~
Eye Candy : Why Whimsy
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Thu Dec 24, 2009 6:43 am |
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iwillguide
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| hi |
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the best way to save money is not spending on luxuries.write a notes on wat you spending every day for one week ..you can easily notice where you wasting money for unnecessary needs
payday loan sites | real payday loans
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Thu Dec 24, 2009 9:05 am |
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TurnDebtIntoWealth
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| Saving For A Home |
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When considering purchasing a home, there are several things that need to be considered altogether. For one, you need a plan. In advance, you need to know how much of a home you can afford and then what is needed. In fact, it is wise to stick with a price that is no more that twice of your annual income. For instance, if your yearly salary is $67,000, the most home you should buy is $134,000. Once you figure how much you can afford, then you know how much you need to save (10% down payment). Secondly, paying off unnecessary debt will be very helpful first, such as credit card debt. You want to allow as much flexibility in your finances. You don't want to purchase a home and be in a bind. Also, make sure that you have an emergency fund and a 401K apart from what you are saving for a home. Don't leave yourself on empty after purchasing a house; that will be very risky.
However, I really do not suggest buying a home at this point. In reading that you have only a little to save now says that you are already in a tight situation. Pay off your debt and free up some income. You don't want to end up in a bad situation.
[edited]
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Sun Jan 03, 2010 4:24 am |
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grahamketty
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| Re: Best way to start saving money |
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quote:
Originally posted by Elmira Nancy
I need to start saving money for a house. I do not make much money and I have some bills. But I do have some spare money every now and then. Whats the best way to save money without being tempted to spend it.
Start small Finance business...You can save more money in a short period...Good luck..
[url deleted]
cheapest commercial insurance
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Mon Jan 11, 2010 6:10 am |
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tanmaysnv
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Put your extra money in a savings account that is not easily accessible to you, preferably a high-interest account at a completely different bank than the one you use for your other checking and other savings. Have whatever money you can afford deposited DIRECTLY into that account from your paycheck or from your checking account. Make it so that you never really get your hands on the money in the first place. Use this account as your long-term, "permanent" savings account. Make it automated, and just forget about it and let it grow.
Investment pool
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Wed Jan 27, 2010 9:39 am |
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lewisc47
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| Re: Best way to start saving money |
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quote:
Originally posted by Elmira Nancy
I need to start saving money for a house. I do not make much money and I have some bills. But I do have some spare money every now and then. Whats the best way to save money without being tempted to spend it.
HI Elmira. For one thing it definently takes some discipline. Acouple of things I can suggest are these: You must at the beginning of the month setup some type of budget! You have to know what your currently expenditures are and ear mark a money amount to cover each one. It's like setting a goal if you don't set one you simply wonder around aimlessly and this is a dangerous game to play with your money. Make sure you are covering every expense and every dime is spent. Along with this budget you must include an amount set aside for savings!!! Whether it's $25 , $50 or whatever this is a key. If you can set this out so that it's taken out systematically every month this would be the best way. To let you know it's not always easy to do this and theres never a perfect time but this is one way you can create a perfect habit that will benefit you for life. If it a cashflow problem where you are under employed or maybe it's debt weighing on you my suggestion would be to maybe think about a second job for a little while or maybe even look for a business opportunity to generate some cash flow. Well I could go on to long with this subject and I apologise for being long winded but keep me posted and if you have any questions let me know. I consider myself maybe not an expert at this but a Great source of Good information. I've lived this stuff! I know somethin:) PEACE
www.iownmylife.net/lcash47
Im a Lifestyle Changer. Always interested in someone who's interested in Improving their lifestyle and helping Friends or People they meet do the same.
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Wed Feb 03, 2010 7:45 pm |
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samurai
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you know, the best way to save money is to develop a strong sense of buyer's remorse BEFORE you buy anything.
like if you'd really like to buy that beamer, picture how you feel AFTER all your friends and relatives have oo''d and aa'd over it, and you start to see the mags have kinda worn down, and your payments are eating up the money you've set aside for college.
it's really so difficult to force yourself to save, if it goes against your urges. it's better to be honest with yourself, take full measure of what you really want, and focus all efforts to getting there. saving will be a cinch, and any system will do.
as to buying a house, if it is still way, way cheaper to rent, do so. Only buy when your rent closely approches your possible mortgage.
The best way to predict the future is to create it.
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Sun Feb 14, 2010 2:29 am |
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jitendrajain
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quote:
Originally posted by samurai
you know, the best way to save money is to develop a strong sense of buyer's remorse BEFORE you buy anything.
like if you'd really like to buy that beamer, picture how you feel AFTER all your friends and relatives have oo''d and aa'd over it, and you start to see the mags have kinda worn down, and your payments are eating up the money you've set aside for college.
it's really so difficult to force yourself to save, if it goes against your urges. it's better to be honest with yourself, take full measure of what you really want, and focus all efforts to getting there. saving will be a cinch, and any system will do.
as to buying a house, if it is still way, way cheaper to rent, do so. Only buy when your rent closely approches your possible mortgage.
Hello samurai !!
Yes i agree with you point that the best way to save money is to develop buyer's remorce but some where in my mind i think that is this make any sence as now days every thing we buy is on the M.R.P and one can not negociate for it.
what you think about this?
Thanks
VA STREAMLINE REFINANCE
FHA STREAMLINE REFINANCE
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Tue Feb 16, 2010 4:57 am |
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samurai
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Forgive me, but what is MRP?
The best way to predict the future is to create it.
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Wed Feb 17, 2010 6:25 am |
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Stacy26
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Try to cut down your expenses a little bit. Make it a habit to save some money on daily activities such as groceries, electricity, water usage, fuel usage, shopping etc. Remove all the things from your shopping list that you think are not much essential for you. Read http://www.manageme7.com/blog for more money saving tips.
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Thu Mar 11, 2010 12:36 pm |
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isralexba
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| Re: Best way to start saving money |
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quote:
Originally posted by Elmira Nancy
I need to start saving money for a house. I do not make much money and I have some bills. But I do have some spare money every now and then. Whats the best way to save money without being tempted to spend it.
Hey,
Refering to the original question - I think that the ideas that were raised here are exactly what you should do: save money and invest it in a proper channel.
Depending on how much money you already have and how much money you need to pay for the house, and taking into account the timeframe in which you want to have this amount - all these factors should determine the risk that you should take to get to your final sum.
There are many calcluators on the web that provide you with the monthly / yearly sum you need to save in order to get a specific amount in a defined timeframe so you should use them, and please note that the longer timeframe you the lower interest rate you can settle with (which usually determines the risk factor).
In any case - do ask yourself why do you want to own a house and not rent one. In many cases, the financial implications of renting a house are more favourable (but there are many other factors which are not financial ....)
Best of luck,
Alex.
The Safe Investment Guide
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Sun Mar 14, 2010 5:58 am |
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