Do you save any money?
94785
Kind of. My friend saves better than I do. She splits every Direct Deposit paycheck per week into two checking accounts: Cash and Investment. An exact amount is diverted to Investment and the remainder to Cash. All recurring monthly expenses (rent, car, food, student loans) are paid from the Cash account. None is paid from Investments. Multiple automatic withdrawals from Investments (some as small as $5.00) occur every week to high-yield savings accounts at ING Direct and Traditional and Roth IRAs at Vanguard. ING Direct allows the creation and use of many sub-accounts, each with their own label. For example, she has a cat which is possibly unhealthy and she expects that she will need to cover expenses for his care at some point in the next year or so, but she doesn't know when this situation will occur. She saves just $5.00 per paycheck for this uncertain need. Another example: she expects to make a long-distance move in about two years. She saves $15.00 each paycheck into a Moving account at ING Direct earmarked just for this situation. She has many other ING Direct sub-accounts. One is dedicated to accumulating funds (at $25.00 per paycheck) that are drawn from solely to cover occasional large credit card purchases--she never pays finance charges, because right after she uses the credit card she pays the full balance. The credit card has a miles reward program so she is effectively getting paid (via interest accumulating on the ING Direct Travel account) to get miles! Rather than viewing spending and saving as exact opposites it might be useful for more people to bugdet monthly expenses more effectively (determine required Cash account balance and transactions) and use automatic savings mechanisms starting right at the paycheck. Don't make it a monthly ritual to "decide to save." Most people don't make the right decision.
706878
I started saving every month when I got my first job at 16, and used all of it to get married this past year.  Now I am saving again and will probably use it for a house.\nI am also saving for retirement through my employer.
56344
are you serious? who wants to live with nothing at all? go for the money!
836603
No one. Makes them hard to find, but you save lots of money that way.
1084637
Like What?\n\nDid you "save" it?
122866
Is this really 2 questions? And is the second one an imperative question? Do you you NEED saving?
919186
No. When it comes to money, there is never enough.\n\nRemember, whichever way the economy goes, the best possession to have is a loaded FDIC bank account. Plasma TVs and loud stereos don't hold a candle to savings accounts when the electric bill gets turned off.\n\nAlways save a percentage of your earnings for you and your future. And invest a portion into income generators (real estate, stocks, or your own business.) Good luck and may you prosper.
1040305
pay yourself first. decide how much you want to save and pay youself in savings first then pay your bills and have whatever is left over to spend.
692325
Maybe they save money on clothing?
369088
If you got 3% interest annually it would be at $572.18 now.\n\nI get 3% on savings at my credit union, bank rates will be lower.
734515
Im just about to turn 22 and I have saved about 40k. I try for about 800$ a month, but often find that goal hard to reach. No debts as it stands right now, but things maybe changing shortly. I wasted alot of my income until about a year and a half ago.I think its important for teenagers to learn about finacial responsibility before they waste the first few years going pay check to pay check, I wish I had
381631
have you got enough money to get home?
587123
I have been saving money for years, and i think the key to saving money is to question yourself if you really need this or not.  For Example: You see a Plasma TV at the store knowing you have a good working decent sized TV at home. Do you really need this overpriced TV? Or you dont?
166097
Well both of course! It's good to save it and invest it into something that will generate more like a savings bond or mutual fund! But spending money can be important too, just don't spend too much and keep it balanced.
1110696
Both. I save money for a big purchase, like a new car or tv, then I try to get the best price I can!!
311
It depends on what you mean by "save a lot of money".  If you are trying to save money over a period of time, it depends.  Over the long haul you might save money by buying, since you'll end up owning the property and could sell it and recover your investment.  You might even make money by buying if you live in an area where the property value is likely to go up over the period of time you might live there.\n\nIf you're trying to save money on a monthly basis, renting is usually cheaper, unless a) you might rent out one or more rooms, thus off-setting your out-of-pocket monthly expenses, or b) you can afford to put down a large down-payment.\n\nLiving in a high-cost area myself, I say "buy" if you can afford it.  If nothing else you can go to town on decorating or remodeling, something you can't usually do when you rent.
544332
Buy something that you have been wanting for a long time or save it until you need it!!! that is what i would do