do you manage to save any money?

paulo · Apprentice Joined: 18 May 2006 Posts: 3

I have recently opened my first account. I started working in a small but profitable company. It seems to me that I am constantly unable to save any money. Do you manage to do that? How? I am relatively new at this, and I am pretty confused. If anyone could give me some more info, that would be great. Thanks in advance.

dennie · Apprentice Joined: 12 Jul 2006 Posts: 5

There are many ways to save the money, but first is to earn more that you need to spend. The second is to open a right account. ISA are individual saving accounts and can be very helpful in terms of not paying taxes. You can save in cash, of course. However, you can also save in insurance policies, some equities, or in some combination of these. When it comes to share ISA, it is actually another form of this kind of account, where you save your money in shares. Since you are getting some shares from your company, you might choose to save that way. It has an advantage that it can bring you a lot of profit, while tax will not be payable. I hope you find the info helpful.

shef26 · Apprentice Joined: 25 Feb 2010 Posts: 9

Saving is good for each and everyone of us. It works for us during our rainy days. If you are not able to manage your money and save some out of it, then i would suggest you to register yourself with some online money management software that would help you by managing your finances automatically. You wouldn't need to do anything manually except for registration and rest of the thing would be done by the software. With the help of this software, you would be able to manage your budget, track your expenses and save for the future.