Best ways to save money

[sigma]

That's why there's time deposit accounts.

Do you mean fixed deposit, right?

[GekiDan]

Do you mean fixed deposit, right?

Yep. And you can't withdraw it until a certain time span comes.

[sigma]

Yep. And you can't withdraw it until a certain time span comes.

not true, you can still withdraw the money, just they take penalize on the interest.
or saying you can withdraw them without interest if not yet reach the period

[GekiDan]

not true, you can still withdraw the money, just they take penalize on the interest.
or saying you can withdraw them without interest if not yet reach the period

Well, I know there are banks who have strict policies on this one.

[sigma]

Well, I know there are banks who have strict policies on this one.

Really? which bank? All the bank in my country dont have such rules, it seems not reasonable not let the owner withdraw the money

[An Alien]

lol, tell someone to hide your money.

[ladydeluxehotel]

Well, to tell the truth its hard to save money when you are a "one-day-millionaire person". Once you have the money on your palm, its like you want to go shopping and eat to your favorite restaurant. As for me, i am trying to save money by putting it to the bank or changing my money to newer so i will not be able to spend it. Oh, and i close my eyes when im in malls.

[youngkia1]

I think the best way to save money is open an account in bank,at same time your money is increasing.

[Fergal]

Unfortunately I have never been a great saver. However, I've changed in recent times and have disciplined myself to put aside and save a set percentage of all money I receive. It's a great discipline to get into and it is surprising to see who your savings can grow, even when you save a small amount regularly over a period of time. I wish I had started this practice years ago.

[bretttina]

I have found that cutting back on the essentials such as going out once a week as opposed to twice a week, it really is a dear game going out the average night costs around £70.00 so over 4 weeks that's £280.00, i'm also trying to stop smoking at £6.50 - £7.00 per pack that would be a huge saving each week for me

[Fergal]

Nights out can be expensive Brett, I've also been cutting back on that front and it really does make a big difference. Thankfully I never smoked so that hasn't been an issue.

[Stephen Ryan]

Saving money is about going backwards or standing still.
The best psychology is "making money".
You have to make money, in order to consider to save it.
Whilst you are considering saving money, someone else is out there making money.
Britain is looking for ways to save money, at the same time real terms growth is in decline
We are trying to save the treasure before it is stolen away from us
Speculate, accumalate, speculate, accumalate - its the only way to financial success

[GekiDan]

To be honest, I'm not good at saving money.
Most of my earnings went to my toy collections and I can't resist "Sales" and "Discounts" especially 50% and above.
Look what I got in the past 2 weeks:

[Fergal]

Stephen, I agree with you that it is very important to know how to make money and that obviously if people who don't know how to make money will never have any money to save. However, I also believe that money in the hands of someone who doesn't know how to look after it can be dangerous and can get them into serious trouble. For that reason I feel that it is very important to get into the habit of saving a percentage of our income and learning how to use those savings to our best advantage. It is all related to the principle of paying yourself first.

GekiDan, you will soon need your own warehouse to store your collection

[GekiDan]

For that reason I feel that it is very important to get into the habit of saving a percentage of our income and learning how to use those savings to our best advantage. It is all related to the principle of paying yourself first.

Definitely. That's why I always try my best to move a good amount of Paypal funds to my account before I could spend it,.

GekiDan, you will soon need your own warehouse to store your collection

Kinda true.