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male
,
anonymous
writes: Does anyone have any tips for saving money each week? I'd love to save for a super two-week holiday but find it really hard to put any aside... Reply to this Question |
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female
reader, matron +, writes (25 June 2006):
 Iagree with irish49 have a direct debit set up with your bank so that so much each month is transferred to a savings account no matter how small it all adds up. After a while you will forget about it once you manage a couple of months without it it becomes easy, its like what you never had you never miss. good luck and have a great holiday
A
female
reader, anonymous, writes (20 June 2006): join a credit union it cost £1 to join you have toi save regualr eg weekly/monthly even if just small amounts when you ahve been a member for 13 weeks you can borrow with a small interest rate that does not affect your savings also your money is insured if anything happens to you this is a great way to save and borrow without going to the bank. hope this helps happy holidays
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A
female
reader, Irish49  + ♥, writes (19 June 2006):
 Talk to your bank and have them direct debit a certain amount of your earnings monthly, (eg: 50..100...whatever you can afford) and have them transfer it into a separate high interest savings account. (You'll need to set this savings account up.) This way 'you' aren't setting the money aside which is too tempting for one to spend. You are in effect, just letting your bank doing the saving for you.
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A
male
reader, martini +, writes (18 June 2006):
 Two tiers:
1. Usually I use a % method and prioritize everything. Say I make $2000 every two weeks, my top priority is to give to my parents, so that's $1000 off my pay (50%). Then it will be my more fixed expenses around $300 (15%).
2. Then next would be my immediate expenditures - eg: day to day, wine and dine, gas, etc. After that would be my savings. I have two savings accounts - a) regular savings, and b) large purchase savings (house, car, vacation, etc).
For Tier 2, I take 10% to 15% and shove it into my wallet. For savings, I split up whatever is left accordingly.
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A
female
reader, Wendyg  +, writes (18 June 2006):
 How about any change you get put into a pot. Anything from pennies to pounds.. you will be surprised how it soon adds up. But be concious about doing and dont delve into it only ever put money in dont take it out. It easier if its 50p's and pounds as it grows quicker. Or for every ten pound you spend put ten aside... but you have to be committed to doing it or it wont work!Hope this helps!
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A
female
reader, anonymous, writes (18 June 2006): Put $20 in a sealed jar with just space to put the note through. That way you can't get access to it! Works for me :-)))
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