Newbie

mysavings12

I am new here in this forum and I want to save money for my college
Can someone give me a guide of how can I start saving my money?

LXdaddy

The key to saving is making sure your outgoings are less than your income. Then having the strength of will to put the excess away and not squander it.


Note for future it's better to give your thread a more descriptive title.

jimjames

The secret is not to live like these people

http://www.dailymail.co.uk/femail/article-3759081/Why-families-earning-50-000-broke-end-month-figures-say-couldn-t-pay-unexpected-bill-500-four-explain-money-goes.html

tacpot12

You will probably find it easier to save if you have a seperate account that you can move money to easily. Most savings accounts including ISA's can be setup so you can make payment to them via your internet banking service.

I pay most of my bills at the end of the month, so I move the excess in my current account over what I next to last to my next payday to my savings account around the end of month.

System

Only go to college/uni if you have a definite career plan and you know there are jobs in it you'd be willing to commute to

bigfreddiel

mysavings12 wrote: »

I am new here in this forum and I want to save money for my college
Can someone give me a guide of how can I start saving my money?

Don't buy things you don't need for starters

Do you really need a coffee and bun on the way to work every day?

Do you need a new car?

Do you need new designer trainers?

It's that simple

fj

d63

bigfreddiel wrote: »

Don't buy things you don't need for starters

Do you really need a coffee and bun on the way to work every day?

Do you need a new car?

Do you need new designer trainers?

It's that simple

fj

wise words indeed!
which put me in mind of the writings of great sage Pan Shin, who, (if i recall correctly), wrote thusly:

"one morsel of bread, one sip of wine, a lifetime spent in remembrance and prayer"


much food for thought there!

LHW99

If you have a current account, check if your bank offers a regular saver.
They have reasonable interest rates usually, and commit you to putting away a set amount monthly for one year.

RacingDriver

Remember if you are saving money with a bank or building society make sure you are getting a good interest rate on your savings.

See here for the best rates currently:

https://forums.moneysavingexpert.com/discussion/5374614