How do I start with savings?
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sascha
Apprentice
Joined: 12 Jan 2004
Posts: 10
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 Posted: 10/11/07 - 08:26 Post subject: |
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| Dear all. I am quite aware that in today's increasingly unstable world it is a good idea to have some savings. I unfortunately don't have more than 100 in my bank account each month. I am spimply spending too much. This means in urgent cases I couldn't pay for anything. Let's say the washing machine breaks down! I would have to start washing everything by hand! How do you think I should get started with savings? |
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artair
Apprentice
Joined: 20 Sep 2005
Posts: 4
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| Posted: 11/20/07 - 01:51 Post subject: |
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| Hi. The essential part of saving money is budgetting I think. In other words, don't spend more than you have. And save money wherever you can. Plan in advance how much you will spend and on what, and don't go over this threshold. Plan to put a certain amount of money away each month. If you save even 50 a month, you will get somewhere... But you have to have the will do really do it of course. |
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