Thread: Saving money
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Old 11-29-2007, 07:45 PM
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Default Re: Saving money

Quote:
Originally Posted by Jamroll View Post
Scarfy, open up a separate savings/deposit account.

It's important its separate from the account you spend from, so you won't keep dipping into it.

Next transfer a minimum of 10% of your income into this savings account.
So if you make $10 a week, put a dollar in the account. If you make $50 put 5 bucks in, and if you make a hundred then put ten in, and so on.

If you can afford to put more, put more (you can work out what your expenses are and then work out an amount like that) but whatever you do, keep putting at least 10% in.

It might not seem like much, but over time it will add up. Before you even know it, you'll have some money saved up.
I don't really have anything I spend money on right now, my gas and schooling is paid for at the moment alhamdulillah.
But yeah that's also a good idea, thanks.
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