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how can i save money

its so hard not to spend money when you have it in your wallet or bank how can i save money and not touch it im scared to put it in savings if someting happens to it or if we need the money then i would have to pay a fee idk what to do, i want to buy a house before im 30 just a goal thats in 6 years how do you stop the urge to spend is it easy for you to save, also i want to start saving money for my daughter for when she gets older for moving out buying a car or what ever how can i save money for her also,

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Asked by Anonymous at 5:20 PM on Aug. 5, 2009 in Money & Work

Answers (5)
  • ...? put it in the bank and don't touch it, there shouldn't be any fees if you need to withdraw your own money.

    Answer by staciandababy at 5:22 PM on Aug. 5, 2009

  • Here is an article that I wrote on saving money at the grocery store:

    Contact me offlist if you have any questions...


    Answer by rkoloms at 5:49 PM on Aug. 5, 2009

  • Write down all the bills you have now. Give yourself a reasonsable amount to spend each month so that you don't feel too deprived. After that stick to whatever number you feel will help you reach your goal. Put all the money into one savings account so that the interest can build up more overtime. If you're worried about having a overdrawn account you can get overdraft protection. Think about your dreams. maybe put a pic up of a house to remind you that you're saving for a house in a few years. Use a calculator to see how much you will need for a down payment based on what you can afford and divide that by four to see what you will need to save to get the house. Also for your DD do the same. Look at how many years it will take her till she is 15 and 16 and divide that by the total amount you want to have by her 16th or 15th b-day.

    Answer by SylviaNCali at 7:23 PM on Aug. 5, 2009

  • Do you know what your expenses are? From there consider how you can trim back. Work out a budget. Then do you have a $1000 emergency fund? That should take the edge off your worry. After that work at saving up three months of living expenses. Your comfort level should increase by then. At that point you can toss all your spare cash into a house fund. If you want to make sure you don't spend the money for your daughter, buy savings bonds. They take a while to mature and will be ready when you need them for her.

    Answer by oddfox at 9:44 PM on Aug. 5, 2009

  • There are no fees involved in taking your money out of a savings account. Why not start with a savings account at the bank where you do your checking? Put in as much as you can afford to save as soon as you get paid. The previous poster has great suggestions!

    Answer by BJoan at 9:16 AM on Aug. 6, 2009

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