Quote:
Originally Posted by Wolfn
Just save all or most of the money you make in allowance or a job. Once you get it, you store it immediately in some special spot, whether it be in the bank or a special jar under the bed.
I've saved up all my paychecks for one year, and I saved up $8000, on top of that I saved all my allowance which is about another $1000.
Sadly, that's all being used for college right now, so my car that I was planning to get is several years off once again.  |
This is what my dad told me to do for now, save all my paychecks until I get a reasonable amount. Thanks
Sorry to hear about that, have you searched for scholarships and grants? I know you're Native-American (or part), sometimes you can get scholarships based on race. Also, try work-study. Best of luck
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Originally Posted by wheelworks
Saving is harder than you think. Well atleast for me it is  |
I've read saving can get addictive too.
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Originally Posted by iTz_NoT_Me_iTzZu
do you have a bank account? get a savings account and have a certain amount automatically xferred to your savings every paycheck/month or wtv. then watch your money grow
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Yes I do have a checkings account. I think i'll do that from now on. Just put all my paychecks in my account.
Quote:
Originally Posted by riad19
Get this monthly budget worksheet. Then fill it out and monitor all your expenses for a month to have an accurate idea of how much you are spending every month. I think if you have an account with Washington Mutual, they also give you a monthly spending report which categorizes everything nicely. That way you'll be able to cut down on stuff you dont need.
After completing the worksheet once you've decided how much you can save every month, tell you employer to send that mount from your paycheck directly to savings. And give the rest to your checking account. And then try to discipline yourself to live on the amount you are getting in the checking, and pretend the savings account doesnt exist. Inshallah soon you'll be able to save a good amount.
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Neat idea, thanks!
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Originally Posted by sally
you should start by making a list of things that your parents will continue paying for and the things that you want to start using your own money for. once you have an estimate of how much money you will absolutely need on a monthly basis for yourself, you can have the rest automatically transferred over to your savings account from your checking, like itznotme said.
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I don't have to pay for anything right now so it's probably a good idea to just start saving, so that when I do have to pay for stuff, the money will be there.
Thanks for the advice all.