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| WeareMom |
 Posted: Mon Feb 21, 2005 2:08 pm Post subject: How to save so I have $$ to begin investing |
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Investing Associate
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| I need to start saving more $$ in my everyday budget in order to have some $$ to begin some basic investing. I do all the basics, as far as savings go... I don't buy coffee or soda out on a daily basis, I keep the grocery budget low, we don't eat out much (anymore!), we try not to use credit cards. ANY OTHER good $$ saving suggestions? Thanks. |
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| paula0000 |
| Posted: Mon Feb 21, 2005 3:39 pm Post subject: money saving |
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Investing Manager
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| We've done some things that are more likely to save money in the long run- such as- we purchased our hot water tank instead of renting at $15+ per month...but we also rarely eat out, use coupons, I buy my kids clothes on clearance for the next year etc. I'd love to hear more! |
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| lmountford |
| Posted: Tue Feb 22, 2005 12:18 pm Post subject: |
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Investing Sr. Associate
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I have made a little extra with online survey sites like ciao.co.uk. It took quite a while to make the $30 from them I've just put in my daughter's savings but I enjoyed doing it  |
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| paula0000 |
| Posted: Tue Feb 22, 2005 3:56 pm Post subject: money saving |
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Investing Manager
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| I love these ideas- I am a big advocate for "every little bit helps". I would be interested in hearing more tips here. |
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| ls1222 |
| Posted: Tue Feb 22, 2005 4:37 pm Post subject: |
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Investing Associate
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| I love everyone's ideas. I try to put a few buck away in an envelope here and there but it is really hard to stick with a plan. |
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| chop456 |
| Posted: Tue Feb 22, 2005 5:16 pm Post subject: |
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Investing Sr. Associate
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| I have heard of people taking the money they saved useing coupons or the grocery card and putting that amount in the savings account (for me that is about $25-30 a week). I have also heard of people who always round their checkbook to the next highest dollar and put the "extra" in a savings account. It may seems small, but it really does add up! |
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| SCmomof3 |
| Posted: Wed Feb 23, 2005 11:11 am Post subject: |
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Investing Associate
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I use many of these techniques to save money, but right now the reason I'm frugal is out of necessity. I wish we could invest but it just isn't possible. When I graduate nursing school in 2007, everything will change for sure. It is so nice to see a light at the end of the tunnel.
I've also started saving with ING Direct. It was great to have their bonus as an incentive and the money is accessible but not too easily. |
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| paula0000 |
| Posted: Wed Feb 23, 2005 4:33 pm Post subject: |
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Investing Manager
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| With the grocery coupon thing- I like to try to match up the sales with the coupons I have. I second the idea of putting that exact savings away in an envelope or separate bank account |
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| thrilla |
| Posted: Fri Mar 11, 2005 4:39 pm Post subject: |
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Investing Sr. Associate
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One thing that I like to do isn't really saving money, but earning more of it. This only works if you are a wage worker and get an hourly rate.
Employers tend to pay per minute. so I usually wait until an extra minute goes by before clocking out. If your wage is $12.00/hr, that means you get paid 20 cents per minute. By just waiting a couple seconds, you can get an extra dollar per week (before taxes). In a year, you will get an extra $52.
Every little bit helps right? |
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| nemesis |
| Posted: Wed Mar 23, 2005 6:33 am Post subject: hmm |
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Member of the Month! March
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| maybe a bit vaine.....but yeah true.....imagine a year 52$,.....and if you have that ambition with other things aswell you can really save up hehe..... |
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| thrilla |
| Posted: Wed Mar 23, 2005 2:22 pm Post subject: Re: hmm |
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Investing Sr. Associate
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| nemesis wrote: | | maybe a bit vaine.....but yeah true.....imagine a year 52$,.....and if you have that ambition with other things aswell you can really save up hehe..... |
It really isn't as much of a nuisance as it sounds. Just some minor changes in your habits can help you accumulate an extra minute or more. Maybe you can use the restroom before you leave. Or maybe just try to relax and take your time instead of stressing and rushing out. Minor changes to behavior or habits can translate into big differences in earnings/savings. |
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| Neil |
| Posted: Fri Mar 25, 2005 3:24 am Post subject: |
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Investing Associate
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Try not to use too much electricity in the house.
Turn off lights when you don't need them, etc
That helps! |
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| paula0000 |
| Posted: Tue Mar 29, 2005 3:43 pm Post subject: |
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Investing Manager
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| When you really start thinking of how many little things you can save on- it really CAN add up. All the tips so far have been great. But think of all the little things you even spend $10 a month on that you can do without and the little bits will add up! |
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| nemesis |
| Posted: Tue Mar 29, 2005 4:38 pm Post subject: hmmm |
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Member of the Month! March
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I think on of the best ways to earn money for investing would be online. With all the PTR PTP Paid to post and so on,...anyone agree with me??
Or also selling stuff on ebay,....basically making use of ecurrency... |
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| trixiezzz |
| Posted: Tue Mar 29, 2005 5:19 pm Post subject: |
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Investing Manager
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| I think it all boils down to instant gratification. If you can learn to delay your urges to 'have' something and then go home and let the emotions cool down, you really can end up doing without a lot of the junk you buy on impulse. |
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