How can I save money?
well i am part time student and I have a job at starbucks and get paid $8.80 an hour. I have couple of payments that I have to make each month so it will cost me around $100. then the rest of the money is mine I guess. but I dont feel that I have that much I have around 400 dollars in my account. my plan is to go germany next summer so How can I save money
Personal Finance - 5 Answers
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1 :
Put money in your savings account, if you don't have one create one. It'll help you save money and make sure you don't take money off your saving account unless it is REALLY important!
2 :
When you pay your bills, the couple of payments you mentioned, make one more payment to a savings account. Also, set up a budget. Write down where every penny goes and you can see possible ways to save for your trip. Good luck and I hope this helps.
3 :
Definitely put your money into a savings account, and don't take any out unless you absolutely have to. Also, when you reach around $1000, you could open a cd (certificate of deposit), which would help you earn more interest. . Credit unions generally have better rates on this than banks do, and they have people there that might even suggest other things to do so you can go on that trip to germany.
4 :
Follow a simple rule; avoid spending on unnecessary things. Set a target for savings, ideal would be 10% of your income (this is what i do personally). Get control over your financial transactions- track every dollar earned and dollar spent.If you don't already have a small emergency fund, you should put the money into a savings account to cover emergencies. And if it's ok with you, you could use one of the financial management tools like http://rudder.com/tour/budget-calculator.aspx
5 :
1. I say clip coupons all the time and buy sale items. I once helped my family turn a $200 grocery bill into a $80 bill for scan and clipping coupons. trust me it is worth it. 2. Put all coins in a jar then cash them in. 3. Buy out off season clothes for cheap at places like plato's closet 4. research sales online 5.research the lowest gas prices in your area ( don't have to anymore) 6. have a set amount you put away if you have a job like 15% 7. set financial goals
