Money saving tips question, 10pts for the best answer?

feeder1980

What do you feel is the most important thing that you can do when saving money and what are some other ways you can save money.

atush

The most important thing, is to save from the begining of the month (defined as they day you are paid) rather than the end of the month if you save all you have not spent.

If the money isn't in your account, you wont spend it. So you'll save more by transferring out a set amt each month.

Second, is by all means use credit cards (for points, cashback etc) but always pay off in full each month.

Archi_Bald

awe, atush has already won the 10 pts for the best answer, so I won't play now

atush

I am sure you have plenty more- don't be lazy lol- how about join your work pension- it means Free Money!

Gromitt

atush wrote: »

I am sure you have plenty more- don't be lazy lol- how about join your work pension- it means Free Money!

Damn it, now you've stolen my idea as well !

Ah well, lets think of another...

How about before taking out a new service such as a Sky or Virgin or shopping on some website or opening a new bank account, check the main cash back sites such as Quidco and Topcashback.

badger09

Don't spend it. Simples :rotfl:

atush

Gromitt wrote: »

Damn it, now you've stolen my idea as well !

Ah well, lets think of another...

How about before taking out a new service such as a Sky or Virgin or shopping on some website or opening a new bank account, check the main cash back sites such as Quidco and Topcashback.

Excellent idea. I do this, and instead of cash take amazon vouchers. And I buy some of the twins Uni books with them.

Bufger

Always think 'Do I NEED it or WANT it'. If its the former then go right ahead, if its the latter then seriously think about it and your overall goals.

I do this for new purchases and for things I already have that are sitting around the house. You could easily raise £1k in most households by selling stuff no longer used.

AlwaysLearnin

Saving has a simple rule: spend less than your income.


To improve your savings position:

• Increase income
• Decrease spending
• Increase return

The one thing I would say though is you should have an idea of your objective(s) - if you don't know where you want to get to then you can't really know how to get there.

racing_blue

That last one's good

also:

Track your net wealth. You need to save to build it. But later, capital gains become more important.

and:

live where you live... then you won't need a car