As above, I will save 15% of my take home pay in a bank account of high interest...how bout u peeps?

Saving regularly is a good idea.
If saving for long term, or retirement, best to do it in a tax deductable or at least a tax deferred account.
In USA these include 401K, 403B, Traditional IRA or Roth IRA accounts.
It will build up much faster when you are not paying taxes on the deposits or interest (tax deductible). It build up quicker than normal when you are not paying taxes on the interest (tax deferred).

When I had the day JOB, I had money taken from each check for a tax deductible retirement savings account, plus I made annual deposits a tax deferred account.

Also if in USA, getting involved in a good home based business will give you many more tax deductions. And give you another cash flow to help with early retirement.

money not enough still can't save at all

dont save money

buy bullion

CP is learning to be more frugal which is hard since everyone around me spends as if there's no tomorrow

Yupp! I save at least 10% of my income. 10% for savings/investments, 20% for debts, and spend the rest on living la vida loca ;P.. If there's anything left when I recieve more money, I invest that too.

Thats quite risky. Remember the price of gold flunctuates. Well, it might not be a good idea though... but where would you buy?

e-gold? Remember US department of Justice
e-bullion? I don't know much about them

Perhaps you should consider a Fixed Deposit Account. Much higher interest there.

EBullion is perfectly fine. I use them and I've never had any problems. The only thing I don't like about them is that they do have some offices in the US, and that makes them vulnerable to the same kinds of problems e-gold is having now.

As far as saving goes, I have an online account at a regular bank that pays very good interest, and for the $ I want to put aside, I put it into one of their CDs.

Hope that i got 'enough' money to save regularly....will try my best!!

dont save money trade money

Try another approach.
What if starting next week you had a 10% pay cut? What could you do to manage? Are there things you could cut back on or do without? Only you know the answer to this.

Now pay yourself first. Direct deposit 10% of your future checks into a tax deferred account. Make whatever spending adjustments you need to make to get by.

You will be amazed how fast this grows.

I don't save money, I invest money. Saving money is like buying a car. You buy a car and it depreciates in value over time. Not that much different with money. The money you save today is not worth as much tomorrow because of inflation and the government de.valuating our currency. Of course I'll leave a tiny portion in the bank for bills and other personal things. But I would never just "save" it. It's the worst thing I can do to myself

I always targeted 10% per month as a start, but sometimes more.

Since Fall 2006, I've really grasped the concept of saving money. Starting in July 2007 up to now, I've been able to save $3000. I've been saving just about 66% of each paycheck.

congrats to those who already started!

for those who don't know yet how to get their first million, try reading this blog: A Crystal Ball That Predicts Your First Million.

Saving is a necessity for we will never know when you would need that extra cash. However, the best thing to do would be to look for safe options to invest your money in.

Savings is a MUST if you want to be free financially. I have just started a blog on this subject. Take a look see and check regularly as I continue to add to it. No reason to be in bondage to the almighty dollar. Nothing wrong with having a lot of money but we need to learn to control it and not let it control us. Three areas to save: 1. Disaster fund 2. Buying power fund 3. Wealth building fund. Credit/debt elimination coming up in a few days.

www.flixya.com/blog/tpc10

Dennis

It gets away from me sometimes, but I always try to sock away about 10% of what I make. Some goes into short term savings for splurges or annual expenses like taxes. The rest goes into the do-not-touch-til-retirement fund.

I don't save as much as I should.

WillHanns

It is always a wise idea to have some cash stashed away someplace.

I save around 10-20% aswell. Sometimes more, sometimes less it depends on many things. Then I invest some etc. What I else make of money from other jobs (money direct down your pucket) I save them aswell. Like all the pennys you get back from different things. When you got enough, go to the bank and save them. Actually, I'm surprised how fast you can save alot.

Invest it. Money makes money.

I save regulary. You need to save as well as invest just to keep away the risk.