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How do You Save Money?

NoviceNinja

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#1
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Most of the time, the toughest part about saving money is just getting started. It can be tricky to figure out simple ideas to save money and how to use your savings to continue your financial goals.

As for me, I always do my best to live below my means. Since I work from home, I rarely go outside, never spend money on fancy clothes and save a lot by cooking at home. I also don't go to clubs or places wherein I might spend a lot. I also make it a point to assess the value of things that I buy, I record my expenses and I do not buy things I want but only things I need. I managed to keep 52% of my monthly income by doing this, and I hope I can do a lot more better next year.

How about you guys? How do you save money? Keep suggestions coming as it will be utterly helpful. Thanks, guys!
 
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Heatman

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#2
I save money both conventionally and otherwise. Normally, 20% of my monthly income is reserved for saving and the rest is directed to expenses and investment should there be any promising one that presented itself at the time I had money at hand.

But it doesn't mean that I only have to wait till when I get my salary at month end before I get to save some money, there are some occasions where I get to come into unexpected and unplanned money, I try as much as possible to save a big part of it because if care isn't take, such money get spent immediately.
 

KellyGeo

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#3
I think that most people save money in their bank accounts and with some sort of investment for those that sees that as a means of saving money as well. I save money in both liquid cash and assets, in fact money saved in an asset form has more value in my opinion because it doesn't depreciate like liquid cash.
 

NoviceNinja

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#4
Oh, by the way, I completely forgot. If you are a guy and would like to save TONS and TONS of money, then do not get yourself a GIRLFRIEND. If ever you have one, do your best not to get her PREGNANT. Haha!
 

KellyGeo

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Oh, by the way, I completely forgot. If you are a guy and would like to save TONS and TONS of money, then do not get yourself a GIRLFRIEND. If ever you have one, do your best not to get her PREGNANT. Haha!
Well, you have a good idea there. It's true that most women leads one into unnecessary expenses that they never planned for and all these makes a man to spend more money than he can ever save.

But, it's good to add also that there some other variations to this general opinion. As a man, you get to see yourself in too many expenses most especially when you have a lazy and jobless girlfriend. With such woman, you will keep on spending but when you are in a relationship with a hardworking lady, she can make saving easy for you.
 

NoviceNinja

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#6
Well, you have a good idea there. It's true that most women leads one into unnecessary expenses that they never planned for and all these makes a man to spend more money than he can ever save.

But, it's good to add also that there some other variations to this general opinion. As a man, you get to see yourself in too many expenses most especially when you have a lazy and jobless girlfriend. With such woman, you will keep on spending but when you are in a relationship with a hardworking lady, she can make saving easy for you.
Oh yes, forgive me for generalizing all women to be only after your money. That was a bold statement, and I was wrong. My sincerest apologies.

Forgive me again for always pointing out how it is here in our country. It's just that most women here who have jobs before getting pregnant tend to give up their respective careers as soon as the baby is born to focus on raising the child. It may also have something to do with our culture. I don't know. It is not a wrong decision, but having only one person making money in a household is not a good idea. What if something terrible happens to the one who earns and the money stops coming in? Then what?

That is why I agree with you to date a career woman, who has a decent and stable job, chooses to work and is not willing to give it up when the time comes.
 

DGStaff

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#7
I probably would be well off it was not for stuff like food, car insurance, life insurance, home insurance, gas, vehicle repairs, doctor visits, etc. It takes a lifetime to make a dollar, and that money can be gone within a fraction of a second, all the businesses around me make a living paying their CEOs, and I am just getting by because they are getting my hard earned money. The only reason I work is to pay bills, and taxes, there is not much left for me....
 
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#8
I save money by buying mostly only things I really need,I don't go for luxuries that wouldn't really make much difference in my life, that way I will be saving tons of money annually.
 

chicnthin

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#9
I refuse myself to buy the things that I don't really need. I always measure my wants and needs. Even when I want to buy some new stuff for a treat for myself, I seldom do it.
 

Heatman

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#10
I probably would be well off it was not for stuff like food, car insurance, life insurance, home insurance, gas, vehicle repairs, doctor visits, etc. It takes a lifetime to make a dollar, and that money can be gone within a fraction of a second, all the businesses around me make a living paying their CEOs, and I am just getting by because they are getting my hard earned money. The only reason I work is to pay bills, and taxes, there is not much left for me....
Exactly! The truth is that there is no sprinting away from one's responsibilities no matter how hard it is for you to take care of them. One is definitely going to live out the rest of his or her natural life managing those responsibilities till death comes or another member of the family starts supporting.

The key behind saving money in such situations would be trying not to give room for unnecessary spending on items that are meant or supposed to within the frame of want and not a need. This is the only way I can see one being able to live within his or her earnings and still be able to save a decent amount of money.
 

Chidiuzo

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#11
I save money buying items in bulk.especially the non-perishable ones that can last for weeks because it cheaper that way. I look out for promo sales one can save tons of money from this. Yard sales and auctioning sales also helped me save money. I don't like impulsive buying so I do more of buying on budget that way I only go for what I really wanted to buy and money is saved.
 
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