Tuesday, December 6, 2011

What is a good way for my Fiancee and I to save money?

I am living in the basement of her parents' home, and the rent is quite affordable.





Please tell me, what are some basic ways that my Fiancee and I can save money for the future? Any suggestions at all would be greatly appreciated. Thank you in advance!





I am looking for any ideas- coupons, buying in bulk, buying sundries at the dollar store, cutting down on gasoline consumption, cheaper car insurance, decreasing the grocery bill, saving money eating out, etc.|||There are lots of ways to save money, and keeping your rent/mortgage payment low is one of them, so congrats on your living arrangement. Having affordable rent allows you to focus on other ways to save. Here are a few:





* when possible, walk don't drive - with gas over 4 bucks a gallon, this one is obvious





* buy food in bulk - get a membership at somewhere like Costco or Sam's Club. Those places usually have cheaper prices and the savings will add up.





* cut out the cable - if you are paying for cable or satellite TV, you probably can save lots of money by just watching free TV until you are in a better financial situation





* don't eat out - you already mentioned this, but you can save several hundred dollars a month eating at home. This is multiplied if you go to bars and spend money drinking. Stay at home and you'll see the money piling up that you save.





* once you have some money, invest in a CD - all banks, credit unions and even some online companies sell CDs with nice interest rates. You don't have to tie up the money for years, like you would with a IRA and you'll get much better interest than with a traditional savings account.





* if you've got the time, get a second/third job - whatever you are good at, go out and get some extra income and put it in the bank. If you aren't sure what to do consider waiting tables, do landscaping, bar tending, working at a supermarket during off hours, even a paper route. All will give you nice extra income that you can sock away for another day.





* when making gift lists, ask for household supplies and other items you need - it might make for boring gifts, but if you have a birthday coming up, ask for something for your home.





Those are just a few ideas. Hope the info helps. If you want some more ideas how to save money, check out Quizzle, the site I work for. We'll give you some more financial tips and it's all free. Good luck!|||Invest money!!!That is the only way!!|||Best way to save money is first to understand where you are spending it.





Try and keep track of every $ spent for a couple of weeks and then do yourself up a budget. List things in essential and non-essential columns. Essential being Rent, bills, food, loan repayments etc, and the non essentials such as eating out etc.





ONce you understand where you money is going you will be able to then cut back on your non-essentials.





Work out an amount to save each pay cycle and put the money into an account as soon as you get paid. Make sure you have limited access to the account where you might need 24hrs or something to access the cash, and only use it in emergencies.





Important thing is to transfer the money before you even get a chance to spend it. See if your employer will deposit it directly into your savings account when you get paid.





Best of luck.|||The easiest way that I know is to put all of the change from your pocket into a container everyday. You will be surprised at how much money you will save without missing one penny.





Take the time to make your breakfast and lunch. Buy products that all you have to do is add water to them. I use to have instant oatmeal for breakfast and a fruit. I would carry a small thermos of coffee to work. You will be surprised at how much you will save from doing this day after day.|||Yeah you should definitely look into investing. I recommend Forex trading using a trading system for a couple reasons. The first is because the capital is low but returns are high ($500 minimum investment) and second is you can get an automated trading system to do all the work for you. This means two streams of income if you continue working your current job.





Today alone I made over $800 in profit from one trade and in just minutes. EUR/USD; bought at 1.5596 and sold at 1.5677 - check the charts on DailyFX for proof of the numbers - today is the 25th of June. I could have made even more if I wasn't paranoid and clicked the magic button (it went all the way up to 1.568x).





What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. A demo account let's you play the trading game with "play money" so you can see if you can profit from the trading system without investing your real cash.





Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund and try another system; there's literally no risk when buying one.





If you're interested I found reviews of the top 3 Forex trading systems: http://forex.jgwebdesign.net/|||You have to start thinking S-M-A-R-T. What kind of cutbacks can you make? For example: I drink bottled water. Now at $1 a bottle on something that covers over 65% of our planet is not smart. So I bought one of those water filters that screw into your faucet. I have bottles that I refil over and over again. I take them to work. Do you have a lot of small appliances around that house that are always on? I cut my electronic bill almost in half by unplugging all the clock radios and night lights. I also bought some of those florescent bulbs that look a lot like a regular bulb. These things use 80% less electricity than regular bulbs. You would be surprised, but these small things add up. I know I was spending money on the water filter and energy efficient bulbs but these things will pay for themselves in a month providing they pertain to you. If you really need the money right away start cutting back on your food costs. Romain noodles cost a dime and they taste just as good as campbells chicken noodle that costs $130 a can. Ok no chicken in romain noodles, but you are probably just missing about 4 tiny pieces of chicken. Put a brick inside your toilet 'chamber'. You will use a little lesser water each time you flush..Before you know it you will be ahead. And remember you have to start thinking S-M-A-R-T! Yours truly seahorsehawrey.

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