These are some of the things that helped me save a lot of money.
1. Always pay yourself first!! You work hard for your money and you should be the first one to get paid.
2. Always save at least 10% of your paycheck. When i was a waitress, even if I only made $20 for the day, I saved at least $2 in my little savings box.
3. Read a lot of books and magazines on finances. You will learn a lot. I started with Money magazine and that is how I learned about mutual funds. (we live in the boonies and the library had NO financial books back then)
4. Don't spend a lot of money on yourself to look pretty. Don't become a high maintence woman. I think I have always looked pretty, but I don't have to go to the beauty parlor to get my hair and nails done. I use cold cream on my face and spend about $10 a year on make up. I color my own hair.
5. Save every extra dime that comes in the house. Save extra checks, survey checks, bonus checks, coupon cash-ins, all spare change, etc.
6. Buy a good starter home when you are young and pay it off early. Having no rent or house payment for over 30 years has helped me to live a very full life.
7. Shop around for the best interest rates for your cash and the best low fee mutual funds for your retirement money. Start a roth IRA as soon as you can.
8. Join the $20 challenge on this forum. I am saving more now than I ever was and finding it a lot of fun to do.
8 things that helped me save lots of money!
July 30th, 2008 at 08:31 pm
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July 30th, 2008 at 10:13 pm 1217452389
10. Joining this blog site
July 31st, 2008 at 04:38 am 1217475482
10. Marry your best friend. (right Julie??)
11. pay yourself for Mahjong
12. Take care of yourself to avoid medical bills...
13. Eat out every night (lol...ok this one works for Julie, but may not work for everyone)
July 31st, 2008 at 05:12 pm 1217520753
July 31st, 2008 at 06:37 pm 1217525874
You can come up with any ideas you want. Some garage sell, some e bay, some make things to sell, etc. Do what you want but save the money and put it away.
July 31st, 2008 at 10:16 pm 1217538995