Best ways to save money

Discussion in 'Growing and Managing a Business' started by KeithM., Jun 12, 2010.

  1. KeithM.

    KeithM.
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    I'm thinking for the most effective strategy anyone can try to save money and thereby increasing one's net worth. Please feel free to share your ideas or your best experience how you're able to effectively implement techniques in saving your hard-earned income may it be from employment, business or investment. Also I found a site which I've been studying for couple of days now just to get fresh ideas on how to save money and am sharing it here for those who might be interested in saving money. For sure and in my opinion, saving money is still the best way to start and a business.
     
    #1 KeithM., Jun 12, 2010
    Last edited: Jun 12, 2010
  2. GekiDan

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    So far, I am saving money this way.
    Once I got a money on my Paypal account as a payment, as soon as it got over $100, within a few days time, I will send it on my bank account. If I got money on my Paypal, I can't resist buying things online (who wouldn't?). So having it on my bank seems a very good idea to prevent myself in using it up, unless it is badly needed.
     
  3. Melvin

    Melvin
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    Heheh.. Im not always good with saving money probably because i make money. but then for me i try to cut down on useless spendings like expensive food (esp.when you can have mcdo instead of others) and also sports betting which Im pretty addicted at.
     
  4. DKeithD

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    Well I'm not just saving money Iam putting it up to a system.. Where my money grows..
     
  5. WildCat

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    I can't save money and even won't try t do it. I understand that I have to if I want something bigger but not this year.
     
  6. TiaWood

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    1) Get rid of all bills that you don't necessarily need or find a way to downgrade them.
    2) Start sticking money into your savings account.

    :)

    One trick I use is to request $5-$20 cash back every time I purchase something in a store. It adds up quickly.
     
  7. JuicyCafe

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    Best way is to calculate your monthly bills (foods and others), budgeting is the best way. When you do shopping, buy what you really need and not what you want, also purchasing in bulk also saves you money.
     
  8. mysandyda

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    I prefer putting some money to the bank after each salary. Otherwise, I would never be able to save anything.
     
  9. TheEntreprenette

    TheEntreprenette
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    Check our www.moneysavingexpert.com. It is a forum with thousands of ideas to save money, personally and business. It is run by a guy named Martin Lewis, who is always on TV as the leading authority in the UK.

    Regards

    Jo
     
  10. mangoxchange

    mangoxchange
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    It hard to save money. When you got the Cash on hand :)
     
  11. shivangi

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    Nice information, many thanks to the author. It is incomprehensible to me now, but in general, the usefulness and significance is overwhelming. Thanks again and good luck!
     
  12. sigma

    sigma
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    I would only say save money is good for emergency and investment
    Save money is actually waste money. The reason is the value of money are keep dropping. For example, one apartment might cost USD20k at this moment but the cost after 10 year might increase to 40k for the same size apartment at the same area
     
  13. haramarcuse

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    I make a budget list so that I can track down my expenses. Then cut down the number of times eating outside or on fast food. It would cost less if you make your coffee at home than buying it over the counter.
     
    • Like Like x 1
  14. GekiDan

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    Why did you say that? Saving money is like saving some funds for the future.
    Even though it will have a lower value in the future, you can still get it whenever it's needed.

    I'm really didn't agree with that. Besides, how can you say that the money you saved is wasted wherein you can get it during emergency purposes. It's still better to have emergency funds than have nothing at all.
     
  15. Marizka

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    Money saved can be considered as money made!
     
  16. LA Electrician

    LA Electrician
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    Utilizing a separate reserves account with direct deposit from the bank allows you to save money easily.

    Los Angeles Electrician
     
  17. Scottypops

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    I save/invest 75% of the money I make online.
     
  18. billieg

    billieg
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    Save money, don't save money..
    I think everyone is right..
    If you ask me, I would rather save some money
    out of respect for my efforts,
    because, when you have the right mindset
    the money keeps growing
     
  19. susanbekar

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    A great way is to do budgeting and to calculate your monthly bills. Buying what you need and not what you desire also helps.
     
    #19 susanbekar, Jul 14, 2010
    Last edited: Jul 14, 2010
  20. Lucywu2012

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    I suggest you to buy something recyle. Or you can go to buy discount goods. I think those are good ideas to save money. But I agree more that, we must have ability to earn money rather save money!
     

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