What is the easiest way to save money and accumulate wealth on your own?

I am looking to save a lot of money this year..... can someone tell me the best way to do this without getting tempted to spend it? I like to shop alot and like to go to the hair salon like every other week. Can someone help get out of this habit. I tend to buy things that I like at the time but don't use it much after purchased. My goal is to save at least the minimum is 300 a month and the maximum is 500 a month. I want to save so that I can retired when I am 40 and so I can buy a house and car by the time I am 25?|||Since you are planning to retire at 40, traditional retirement accounts won't work for you... there are penalties for accessing those funds before you reach "retirement age" which is usually 59. What you probably need to do is start buying Treasury Notes or stock certificates; things that have fixed terms of maturity and require actions to cash out. That way, rolling them into new terms is easier than cashing them and you'll be more likely to leave them safely out of your reach.





Start by opening a Money Market Account; they usually limit you to two or three checks a month so you won't be able to get tot he money too easily. Once you've accumulated enough (like $1000 increments), go buy a Treasury Note with a fixed term of maybe 5 years. You'll get a decent rate of return and you won't be able to touch the money until it matures.





It is possible that your Money Market provider (bank, investment company) can even handle the purchase for you. That would allow you to put money into one place and then from there buy investments that will grow and be safely removed from your desire to shop.





Best of luck!!!|||Put 10% into a ONLINE Savings account that you can touch.


Use 20% on a new venture, probably business and make sure you don't lose it with emotion. I encourage you to join a business mastermind group with other successful people because their success filters down. e.g. www.my.com.au


Invest in your education. Learn how to make money make more money so you don't have to work for money.


I recommend kiyosaki's book, Rich Dad Poor Dad...Good luck.|||You have to change your habits to be successful. The retirement part goes into a 401K or Roth IRA so you can't get to it without huge penalties before retirement. For the house, just a good money market account that pays the highest rate you can find. Check out Daveramsey.com for lots of practical advise.|||With your spending habits you won't be able to buy a house and car much less retire at 40.





You have to change your habits first. You need to decide for yourself what is most important - saving or spending. The easiest way to save money is to stop spending on things except for necessities. If you don't need it, just want it, don't buy it.





Make a budget and stick to it. Pay yourself first. Figure out what you absolutely need for bills and put that aside. Give yourself a little bit of fun money and save the rest in as high an interest account as you can find.





Get into your company's 401K program so that you never get the money in your possession.





Have a direct deposit from your work check to a bank far away so it's not easy to get ahold of it.





Don't carry debit card, credit cards or checkbook then you won't be able to buy anything. Just carry a small amount of cash.





You can always get someone to take control of your money and give you an allowance.|||Sell Drugs