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8 things that helped me save lots of money!

July 30th, 2008 at 08:31 pm

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 Responses to “8 things that helped me save lots of money!”

  1. gamecock43 Says:
    1217446455

    I will start the $20 challenge! Not right now, but I will.

  2. fruitbowlk Says:
    1217447668

    I'm doing most of the stuff on your list. Thanks.

  3. merch Says:
    1217449449

    Hey I feel ripped off. Where are the other 2?

    Smile

  4. gamecock43 Says:
    1217452389

    9. tracking spending.
    10. Joining this blog site Smile

  5. Thrifty Ray Says:
    1217475482

    9. Share your advice so that others can be successful.
    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)

  6. Laura Says:
    1217520753

    Can you explain the $20 for us new to your blog? I can't find where you explain it.

  7. Ima saver Says:
    1217525874

    You start with $20 and you grow it anyway you can. This is what I do. I clip coupons and put that cash into your $20 challenge. Save all rebate and extra checks. Save all your change. Do surveys for pay. If a bill is lower than I have budgeted, (elec. usually is), I put the remainder of the money in the challenge. I pay myself a dollar if the stock market goes up, the braves win or if I play mah jong and win.
    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.

  8. Laura Says:
    1217538995

    Thanks for explaining. I am going to try it! I like your blog.

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