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.

The blog was not found.





The blog looks very interesting dennis . . . will read it when I get the time. I agree we shouldn't be in bondage to the all mighty dollar, but saving is so hard these days (at least for me) with the price of gas (and everything else!) being so high and the fact that I don't have a lot of work going on right now.

Every penny saved is every penny earned.

How true - what are you all doing to save money during these difficult times with the price of gas being as high as it is?

yup yup it's been quite some time since my last post here and yup marissa is still poor!!!! sssssssshiiittttttttttttt

it depends how much money I make but I generally try to save each month

Investing is necessary for proper financial planning.

Here's 5 reasons why you can't save Money Sharp.

Once you do that then you need to revise your expenses and see where you spend too much. I have other useful tips on my blog.

Don't spend what you don't have and save what you do have.

Success for us

Saving money in a time like this is the worst thing you can do. If you take a look at stocks and investments nowadays, they arent doing too well, but if you take a look at global currencies, i can assure you thats they are doing much worse. Inflation also comes into play here... and well if you shove you money into a bank account and leave it there for 10 years, youll be luck to have made any relative profit. This is due to the fact, that in lay mans terms, to see if youre actually going to be making money or not, you must deduct the inflation rate of your currency form the interest the bank is giving you. This way you know that in the long run, if the interest rate is higher than the inflation, then you will be making money. Also When you get currency fluctuations, rate fluctuation etc.. it is easy to see that the best way to invest your money is not through banks, but through the market. If you trust your hard earned cash in the hands of a competent money manager, or broker... the returns might not be as high as a fixed aco****'s, but in the weeks and months to come, a global effort to reaffirm the market, and bring back a stable exchange would only push already stable investments through the roof. I have seen this happen many times over, and have profited form this, having worked for a stock broker for a year, and also having experienced the stock market in its full entirety. A little healthy advice would be to not get fooled by the insurgency of all these quick profit investments in the asian market. Although it is turning out to be quite a lucrative exchange, the hype will soon start to die down once the euro-american markets start to stabilize once more.

I do save when I have excess but presently savings is difficult for me.

sorry about that. here's the new link: A Crystal Ball That Predicts Your First Million

Everybody needs to save some money these days. I save 10% of everything I earn. Money won't fall from the sky. Money can be a difficult thing to handle,
especially if you don't have much of it.

Saving has literally gotten me nowhere. But frugal living should go two ways, either you save your cash from stupid spending or put in in some sensible investment. And I'm using investment loosely as anything that can turn into more money than what you started out with. Your money can't sit timidly, it needs to be put into something productive and lucrative.

I can't save money.. My income is just the right amount for my needs.. Hope I can find extra income..

I'm putting money back into Genius Funds and a few other small places, other than that I cant afford to save it.

I try to save any income that I can.

I usually put %25 of excess cash in my ING Savings account.

The other %75 I spread through advertising my blog, index funds, and an emergency fund.

too bad I can't manage to do that so far

Hopefully my financial could get better

Learning or disciplining yourself to save money is the FIRST important step in improving your financial profile.

The NEXT important step would be to LEARN how to invest some of your saved money in the stock market.

well if you think properly and spend wisely you can save money easily!!!

saving money is a must, do it by take at least 10% of your income to your saving account regularly.

30% is preferable. but 10% is good enough

I am saving 10% of my income mounthly investing in a serious company, called Vanfunds (click on my signature for info).
Vanfunds is part of Vandior Inc – a company that exist for more than 5 years (2003) and have many happy clients.

Vanfunds offer reasonable for a real forex investment company %. For 2008 their return was about 15% a month and that is way below 40% per month when trading automatically.

I am very happy with Vanfunds!!!

bye bye

Saving regularly is not enough especially current bank interest rate is too low! We must invest regularly in long term to secure our financial needs in future but before invest, it is advise to keep 3 ~ 6 months emergency fund. This is the way I am doing!

I am not so much obsessed with saving money but I have found a new approach for saving money which focuses on saving money for a sunny day.