Moneytrackin': Recent global tips tagged with "savings"

Keep forgetting to Donate? Save your 1$'s for a good cause.

mlhins — Thu, 01 Sep 2011 18:45:45 +0200

I use cash sometimes and made a pact with myself and God that for every dollar I get back in change it would go to my Donation Savings and on January 1st I would donate it. It's been two months and I have 56 dollars towards donations... mind you I only make about 1,400.00 a month, am a 19yr old living on there own, with 800.00 in rent and a dog to take care of. Plus I only use cash 20-30% of the time for things. Donating is made super easy this way and it's funny when the cashier just happens to only have one's and gives you 7 dollars in 1's! Someones sending me a message lol :) Save your 1's for a good cause!

How to save money for months

Rumena — Tue, 05 Jul 2011 13:01:38 +0200

First thing in the month when you receive money, add the amount to your savings.

Use credit as an interest free loan and money saver!

cherrymelody — Tue, 04 Jan 2011 00:16:49 +0100

This only works if you pay off the balance every month, otherwise you lose money paying interest. Pick a reward card that works for you - maybe a 2% cash back, aeroplan mile or Airmiles (my program of choice) and make all of your day-to-day puchases on this card. This helps in two ways: 1. All of your day-to-day transactions are easier to analyze at month end because they are in one place. 2. You are accumulating all your effort to one reward system. Using an Airmiles Mastercard combined with shopping at Safeway and Shell earns me $60/mo in gas certificates! That is one tank of gas a month that I don't pay for! =)

Loose Change

hec1979 — Sun, 19 Dec 2010 23:50:53 +0100

Finding a large Jar or piggy bank to store loose change can put you on track to saving money for a rainy day. When you least expect it a jar full of change can yield extra money to get you out of tough situations or give you the extra cash needed for unexpected purchases.

What to do with savings

cagcag1 — Thu, 16 Dec 2010 02:06:56 +0100

I was hesitant to use my savings to pay off my last credit card, but it was the right decision for me. Now that the credit cards and car are paid off, it's been much easier to dedicate $100. weekly to my savings. The feeling of being out of debt is worth the hard work it took to get there, you just have to be patient.

Things must be done

jocel — Fri, 24 Sep 2010 06:33:32 +0200

Saving cannot be done overnight. Principle: Its not how you received. its what you keep. Set aside a certain amount in one account that no matter what happen u will never never touch it.

have bank do automatic withdrawl to savings

moneytrackin_de — Fri, 23 Jul 2010 13:50:40 +0200

Every friday, or some day of the week, or month, have a certain amount of money automatically moved to a savings or CD account. Then forget about it. If you do 50 dollars a week, in a year, that account will have 2600 dollars...

Manage Your Money Better

lilcheezr — Thu, 01 Jul 2010 22:16:39 +0200

It sounds simple, but in order to maximize your potential to stay in your budget, ask yourself "Do I really need this?" when your making a purchase. More often than not, once you think about it, you will realize you can do without it for a little while longer. And, if you are able to, each time you receive your paycheck, take whatever money was left over in your checking account and put it in savings. I use the $25 increment rule. If I have $60 left in my checking when I get paid, I take $50 and put it in the savings. Hope this helps you save some money.

Saving tip

donovanc — Thu, 01 Jul 2010 05:20:09 +0200

For a certain amount of money of which you are planning to save a part, DO NOT expend it and then save what's left, better save first and then expend what's left!

Keep Track of Your Cash

ov3rblik — Sat, 03 Apr 2010 06:46:12 +0200

In addition to monitoring spending on your debit/credit cards, keep receipts from cash transactions for recording later. Some seemingly small daily purchases can really add up over the course of a year – see if this money could be saved and better spent elsewhere!

How to save money for Christmas

Bassey1976 — Tue, 22 Dec 2009 09:55:07 +0100

If you buy a coffee on the way in to work every morning, you could be spending as much as £650 a year. Walk past the coffee shop, get to work a few minutes earlier and make a coffee there - then put a couple of pounds in a savings jar. The instant coffee might not taste so good - but it'll taste a whole lot better come Christmas when you've got all that money to spend!

Earning higher interest on savings sitting in the bank

KJHart — Thu, 15 Oct 2009 07:14:08 +0200

Sign up for a high interest savings account from an online banking company such as ING Direct. They offer higher interest rates compared to banks with branch locations because they don't have to pay to run the branches. Everything is done online or over the phone. Also in Canada you can sign up for a "tax free" savings account up to $5,000 per year, which allows you a bit of a tax break.

Budgeting to saving

debtfree_me — Tue, 15 Sep 2009 10:42:28 +0200

I understand that saving is a lot harder than spending. Well its because you dont have discipline when it comes to money. What am i writing here is through experience. If i receive my salary this day after 2 days i dont have money left. and im waiting again for the next payday. Though i got 2 part time job and 1 food cart business still nothing left in my savings account.Why? Because i dont have discipline. I have a bad attitude when it comes to financial matter. Oooops( I dont just spent my money for me, i send 2 sister in college and send some for my family as well) And i dont live with my family.I rent a boarding house. So means im more on giving and eating. Now that im 27 i just realize that i need to save. Heres what im doing and its working on me so why not give it a try also: 1. Set a certain percentage for every cashout you have to make for this month 2. Set your budget for the month let say Php 2,000.00 for meals, transpo, groceries,etc. 3. Now set the Php 2,000.00 allocation again in 100%. I know Php2,000.00 pesos is not enough for a month but atleast if u jack a little bit still you still doing your best to spend at this amount its like doing your best to be on top of the class and if you failed atleast you've passed 4. At the end of the month study your monthly expenses. Thats the time u make adjustment. Note: Im not good in english, especially my grammar and spelling so if i commit mistakes here pardon me.

Sure Fire Way to Save Up without the PAIN

moneytrackin_de — Mon, 03 Aug 2009 10:43:26 +0200

Only bring the amount you can spend! For example if you know that you need to spend 20 dollars a day on average for food and transport, put only that amount in wallet! You can spend as much as you like in that wallet knowing that you will NEVER bust your budget. Avoid using Credit Card. (unless of course its an emergency) Whatever that is left over for the day, put it in a box or something at home. At the end of the month, give yourself a treat using what's left!

Auto saving

nermalbreedlove — Mon, 20 Jul 2009 01:12:14 +0200

If at all possible have some money direct deposite to a savings account so that you never see it and you know you are saving. It is best to have it at a different bank then your primary bank so you will not as tempted to withdraw it.

Put a little more $$$ in savings each month!

SkiKansas — Tue, 24 Mar 2009 03:28:10 +0100

Every month my husband and I save any change, online shopping rebates, prescription reimbursements, unused personal allowances, etc. and deposit directly into our short-term savings account. Although it seems like small amounts throughout the month, most months I manage to put away an extra $500. It's amazing how much money I can find to save that we just let slip through our fingers before we started doing this!

Save you dough

jcrowe — Sat, 31 Jan 2009 19:04:20 +0100

Throw 10% Percent of your check into an Orange Savings account. It takes two days to get back to you, so impulse shopping is impossible, and it yield high interest!

Suze Orman's Free Book Download

ms_tanya — Fri, 09 Jan 2009 08:49:32 +0100

Oprah.com is offering Suze Orman's Book free to be downloaded. Take advantage while it lasts. www.oprah.com/article/oprahshow/20081119_tows_bookdownload

Investment During Bad Time

sjghosh — Mon, 13 Oct 2008 05:54:37 +0200

Hello .... I going to try different things and see if it works. To start with the first tip is [Tip#1] Diversify your saving or investment

Pay yourself first.

dsjohny — Sat, 11 Oct 2008 21:38:12 +0200

Consider yourself a bill you have to pay every month. Then pay yourself in an account you don't access often. You can even set this up to come out automatically with your paychecks.

Organize your accounts

tapsiturbi — Mon, 08 Sep 2008 21:52:32 +0200

Try to have at least 3 separate accounts: (1) Day to day account (2) Savings account (3) Investment account The Day to Day account serves as your daily expense account. You should take time to set the daily, weekly and monthly expenses that you are incurring so that you could move the excesses to your two other accounts. The Savings account is your piggy bank. This should not be less than 6x your monthly expense. The reason for this is so that you could survive for 6 months if you lose your current source of income (day job). The Investment account would be your money pot which you could gamble away on several investments (stocks, mutual funds) or to store your funds for something like your own business. You should only deposit to this account when you have reached the minimum amount in your Savings account.

Pizza Savings

fryertuck — Tue, 03 Jun 2008 01:54:51 +0200

Make your own instead of ordering in. Try doing everything from scratch, including dough and sauce for a real gourmet taste.

Direct Deposit split between savings and checking

mtrinidee — Sun, 18 May 2008 16:38:33 +0200

If you employe does a direct deposit of you salary, check to see if they can split the deposit. My employer allows me to split it in 3. I send $300 to savings. Then I have a second account I pay my kids tuition out of – so I send their money straight in. Then the rest goes to my checking. The great thing about this is I've already taken out my savings and tuition amounts, so I don't even have to think about it.

the easiest way to save more money

wabashky — Thu, 08 May 2008 18:36:29 +0200

is everytime you get a raise or extra money on the side for something....just 'pretend' you didn't. For instance this year i was awarded a $.50 raise for our anual review. What i did was take what the standard 80 hour two week period was for $.50 an hour and made a seperate direct deposit for the amount. Now that is only $40 every two weeks, but that is $1040 for the year more you saved than last and you will not even feel it.

Grocery Coupons

trleini — Mon, 28 Apr 2008 15:44:51 +0200

I use coupons to reduce my grocery bill. Use the website. www.groceryadvantage.com to help maximize your savings

How to Watch What you Spend

cheapscott — Sat, 05 Apr 2008 16:48:18 +0200

Don't go too low level in a budget, no one wants to spend their life tracking how much they spent on groceries 1 month compared to another month. Instead try to follow something like X% Monthly income on mandatory or committed expenses (rent, food, gas, etc) Y% Monthly income on fun money (movies, dates, games) Z% on short term savings (money into a savings account for unforeseen expenses) A% on long term savings (money meant to grow over long periods of times like 5-10 years; stocks mutual funds) B% on retirement (IRA, etc) You can still keep track to a low level, but at a glance you can see if you're been over spending on mandatory expenses, fun money or not saving enough. It's worked great for me for many years and was inspired (and explained much better) by this article: The 60% solution: articles.moneycentral.msn.com/SavingandDebt/LearnToBudget/ASimplerWayTx

How to manage your savings

constantijn — Fri, 21 Mar 2008 19:23:43 +0100

This is dead simple, but essential for money management Make sure you save at least 10% of your total monthly income and DON'T TOUCH IT! To make it easier, make automatic transfers every week to your savings account, so you can't spend it. I say weekly, because otherwise you will probably already have spend it by the end of the month.

How to save gas

cchance — Mon, 03 Mar 2008 14:17:45 +0100

Fill up at night, it has been shown to save a few hundred dollars over the course of a year.