How much money should i put in savings account a week?
440130
As much as you can afford to.  And depending on your age, you might want to avoid a regular savings account and try doing $50 a month automatic withdrawl from your checking account to a mutual fund.  Force yourself to save, you'll be glad to did later.
1091015
You can open a basic savings account to accummulate the money at the beginning. Any major bank would support an online account.
1012922
These people are so silly!  The best thing to do is open an investor account like at ScotTrade.  Put the money in a mutual fund that has a very low Expense Ratio (less than one...say 0.76%.  You can find this info at Morningstar.com...)  Buy into the mutual fund that you choose and even buy more shares with monthly payments into the account.\nYou would be shocked an amazed at what 25 dollars a week will do over thirty-five years.  In fact, if everything keeps going well with the mutual fund, you should be able to retire in 35 years, and that is not counting a 401 you have with a company or even your social security!\nGet to saving now!  Let your money work for you!
62130
Yes. Saving is not about Big Numbers. It isn't even about Little Numbers Across A Long Time. It is about Consistent Numbers Across Any Time.\n\nSaving money certainly involves "not buying stuff." But this view is far too narrow. So long as saving is equated with sacrifice it will be an uphill battle to save. Having day-to-day life that is as stress-free as possible is very important. Continual sacrifice and stress-free living clash harshly for many people. Some people focus on changing lifestyle-related choices, sometimes called the "latte factor," as a method for realizing day-to-day savings. I agree that this is good advice for some people, but as a first step it isn't necessarily the most effective. There are other things that can be done, too.\n\n1. Reduce monthly fees. Stop paying banking fees for services you don't use or don't need. Many banks charge monthly "service fees" or "maintenance fees" for checking accounts. If your bank offers "free checking" or "free checking with Direct Deposit" (and you have Direct Deposit) switch your account, or find a bank that does offer "free checking." Even the smallest leak in any plumbing system will eventually collect enough water to fill a bathtub, so to will even the smallest recurring monthly service fee eventually steal one month's rent.\n\n2. Detemine a reasonable monthly budget. It is important to know "where it all goes." Rent, utilities, cell phone, car payment, insurance, groceries. There is no doubt these numbers exist, but most importantly nearly all of them can be known in advance. Some of them can't be known exactly, but they can be estimated. My advice is to estimate unknown amounts not for the sake of accuracy ("The cell phone bill is usually $40.00 per month."), but for the sake of certainty ("The cell phone bill has never been more than $80.00 in any month."). In the beginning of making and using budgets, budgets work best when costs are overestimated rather than underestimated. It is far less uncomfortable to have "too much" money left at the end of the month than it is to have "too little" left over--and bills still to be paid, at the end of the month.\n\n3. Begin saving automatically. If your employer offers Direct Deposit, and you can open a "free checking" account (with or without Direct Deposit), use this financial automation to the maximum. Open a second checking account. Then contact your HR department to request that your paychecks be split across your two checking accounts.\n\n4. Separate paying bills from saving and investing. Use your primary account for all monthly expenses: rent, utilities, food, car payments and pet food. This is your "Cash" account. The second checking account is dedicated for saving and investment purposes. You won't draw funds from this "Investment" account to pay bills. That isn't what saving is about. Saving is about having money available to fund medium-term and long-term goals. Things like retirement, paying college tuition or buying a home. The "Investment" account will drive all of your automatic saving and investment mechanisms. Similar to Direct Deposit, Automatic Withdrawals can be scheduled to transfer funds from your "Investment" account.\n\nHere is how to implement the above steps.\n\nLook at the ING Direct website. ING has savings accounts with excellent interest rates, without no minimum required balance. In addition look at the Vanguard website. If you don't have an IRA, 401k or any other kind of retirement account Vanguard has the lowest custodial costs ($10.00 per year) and lowest minimum required balances (usually $3,000.00) of any financial services company today. Accumulating enough money to open an account with Vanguard may take some time, but getting started saving with ING Direct is something that can occu
655841
You should write out a budget. Budget for everything. Bills, car payments, entertainment etc. And try to save a little every paycheck.
275612
Learn how to save money and you'll be ok. Take a deep breath ... and let it out - you're free!
183008
Saving very little - such as a penny a week.
121764
Save $20,000 per week from your salary.
1002519
The best thing I did to save money is own my own home.  It's paid off as well as any debts a person would normally have.  This has allowed me to have my paycheck for my own use.  I've built on to the house using money earned one week at a time.  To get like this I cook my own meals, bring my lunch, drink homemade tea instead of soda.  I shop carefully and buy used when I can.  I live well at 7.15 an hour part time.
1155635
Stay away from stocks or mutual funds for now. Put your money in a bank account. Most savings accounts are paying 2%-3% interest--- not a lot. But you need to have the money available to you in case of an emergency.
479259
If your talking a single $20.00 bill, your wife or mothers birthday is a great investment. If you have $20.00 a week to spare, stick with the obvious. My choice would be a Mutual Fund. You would be suprised how quickly it will add up.
131591
How about putting at least, $20-$40 a month away into an ING account. No, I do not work for them but, I decided that if I put that much away a month and not touch it, then in 5, 10 or 15 years from now, I will have a nice nest egg. Didn't hear anything negative about them but there are others out there you may like to put your money in to collect interest for yourself! I hope this helps! So far, it has been 6 months now and my interest rates are increasing. So, I'm happy I did it.
147887
I think saving 10% is a good idea.  Of course, this would be a minimum; there's no need for a maximum.
216639
Write down how much you spend and subtract it from how much you make, that'll tell you how much you have left over for savings and such. Apply more of that left over money towards whatever payments you have untill they are paid off. You'll save more in not paying interest than you would earn if you just had a savings account. Don't spend above your means, either.
886247
Make the plan simpler. Break the big plan into little plans then achieve each one. Give the plan a simple goal, not a wishy washy one. A plan to "feel happier" or "to stop designating unwell situations as unpleasant awareness items" are hard to define. A plan to save money is really easy. So much per week, extra over-time in kitty etc etc, it's measurable and definite. Give a dream a deadline and it becomes a plan.
693280
In order to compute a precise answer, you need all of the following information:\n\nAmount of principle subject to interest (one penny)\nFrequency of Compounding\nInterest Rate\nand the formula for compound interest (more on this below)\n\nUnfortunately, the answer to your question at this point, would have to be: One penny after 30 days.\n\nHow did I get there?  Well I had to make some assumptions:\n\nFirst we derive the formula for compound interest:\n\nEnd of Period Balance = Beginning of Period Balance Principle + Interest\n\nInterest = Beginning of Period Balance (times) interest rate\n\nWith multiple compounds you have multiple calculations of interest and the interest is added to the balance each time so that the next calculation has interest computed on the new balance which includes the previous interest.\n\nWhether you are looking at multiple years or multiple compounds in a year, you initially have interest on the principle then you have interest on the principle and interest on the prior interest, which is the "compounding".\n\nIt's not very reasonable for me to assume the interest rate (which was not given in the question) is significantly higher than currently available interest rates in the marketplace.  The question suggests the scenario is saving money, not paying bills.  Current interest rates on savings are well below 5 percent per year (closer to one percent per year).  Ask your local bank what interest rate they'll pay you on a simple savings account.\n\nIf the interest rate were 12 percent per year, and you compounded monthly then you could express the interest rate per period as 0.12 / 12 = 0.01 or one percent per month.\n\nOne percent per month would be a sizeable amount on a sizeable purchase, but one percent on a penny is one one-hundredth of a penny - hardly noticiable and most likely lost in the calculations.\n\nIt gets worse when you compound daily in this case\n\nInt rate  = 0.12 / 365 = 0.00032876712328767123287671232876712\n\nThat's assuming 12 percent interest per year (too high to be a good assumption)...and the result of multipling that by a penny even once is too close to a penny to notice the difference.  Making the calculation a little easier, you can calculate the new balance after interest is paid by adding one to the interest rate resulting in the new balance (representing balance = 1 times amount subject to interest plus the interest)\n\n$0.01 times 1.00032876712328767123287671232876712\ntimes 1.00032876712328767123287671232876712\ntimes 1.00032876712328767123287671232876712\ntimes 1.00032876712328767123287671232876712\netc. for 30 multiplications would yield you\n\na balance of 1.0099101764966712808084001310017 pennies which is still to small to practically be anything but one penny.\n\nThe rule of 72 allows you to approximate how long it will take for an amount to double under compound interest.  divide 72 by the annual interest rate and the result is an approximation of the number of years.\n\n72% interest would double your money in one year\n12% interest would double your money in six years\n7.2% interest would double your money in ten years\n\nYou'd need to get approximately 72% x 12 interest rate (864% interest per year) to compound a penny into two pennies in a single month.\n\nI imagine that you'd like to re-ask with the missing details (interest rate) and set a higher starting value than an penny.  I've hunted down a calculator for your so you can do some what-iffing on your own.\n\n-EN-
839674
The first step is to save a little at a time.  For example, you could open up a savings account and put $25.00 per month in it.  Force yourself to put the money in the savings account no matter what.  Cut out anything extra that you would have done with that $25.00 for the month.  Doing that, you would save $300.00 per year.  The BIGGEST THING in this is to FORCE yourself to put over money monthly.  Your savings will slowly grow, and pretty soon you won't be able to believe how much you were able to save.   There are some high interest savings accounts out there.  I would search for the highest interest rate on savings accounts to put your money into.  The higher the interest, the more money you will make. \n\nIf you would like to save for retirement, a great option to save with is a Roth IRA.  You put money into it just like any other savings, but you can't touch the money without penalty until you are 59 1/2 years old.  The good thing about a Roth IRA is that when you take the money out during retirement, the interest you earned is tax-free. :)  That can save you a lot of tax dollars in the long run!