OMG UPDATE: Question? Answer.

Updated on Thursday, February 5

#6861

QUESTION: Alright newbie here, I don't have a clue on how to save money. I just finished paying off my student debt and I have debt free!!!.....but still broke. Tips on saving money? plz help

5 comments

  1. make a monthly budget plan where you can only spend a certain amount of money on food/entertainment/rent,etc and set aside extra money

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  2. One thing that helps me is saying "Do I actually need this?" Like if I want to eat out when I have food at home, or go see a movie when I have netflix, or do I need cable when I have netflix. Basically, netflix can replace cable and going to movies.

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  3. Get a Zynga sweater

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  4. Get another job...

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  5. Set up an online banking account and be aware of the numbers weekly. Sometimes the transactions total can shock you. Make sure to set up a savings account. When you get a paycheck, decide how much money you can reasonably afford to put away. Recommended is min 10%.

    I find that making a budget is counterproductive. you know how much you spend on what, and with an online banking account, its easy to track

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