is helping people at the super market a good way to make some money over the summer becuase im trying to save up about 500 dollars and i can make a bout 5-20 a day. so is it still good to do it. or do some else that would promise money
p.s: im 15 unable to get a job
How do you plan to "help" people at the supermarket? -
Is helping people at the local supermarket a good way to make money?
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I am currently 21 years old and I am very bad at saving money. Every time, I have cash I would spend on either food or some other stuff that I think I need. I don't know what to do. I didn't use to be that way when I was younger. I want to go back to saving again. How do I do it?
hey man the best suggestion from my side is that if u r on ur own and still single then take on a living bank. What i mean is make urself double so that u have someone hu could check on to u and a sense of responsibility will be there which i think can help u control ur spendthrift nature.
That depends on you, do you have a job? If the answer to that is yes, are you paid weekly/monthly,do you want to save for the near/ distant future??…Do you have a bank account?? If not open one,when you have done that open a weekly/monthly saver account it's quite easy to save with direct debit.
Something else for you to think about is your old age, I know your only 21 now but believe me I know, it soon creeps up on you.Open a private pension now, putting a small amount away each week starting now will be a lot more when it's your retirement, try if you can to get it "index linked".
I hope this has been of some help to you.
How do I become better at saving money?
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I try and try to save but it doesn't seem like I can save any money. What can I do?
get payed and dont buy anything
The easy way to save money is to set aside a fixed sum of money every month and put it in a separate savings account.. That way, you can be sure you are saving money.
PUT IN A SAVINGS ACCOUNT
Turn off the light when you dont use it, dont spread the water, read the news on the Internet not the newspaper.
Just keep aside a portion of your income and put into Fixed Deposits.
Set up a Direct Debit Mandate with Your Bank into a None-Taxable Saving Bond or Guilt.
You can always Increase the amount as You begin to feel more confident with saving Money.
You must find ways of Living off a certain amount of Money each week or Month(Depending on when Your Employer pays you).
Make the savings account hard to get into(You are less Likely to raid it then!).
Have a specific amount of money withheld from your check before you get it and have it deposited directly into a savings account. You won't miss the money because you won't ever see it and it will grow faster than you think. Choose an account with a good interest rate and leave the money alone. This is the most painless way to save because it is gone before you have a chance to spend it
I've heard good things about Bank of America's "keep the change" program. When you buy something with your debit card, the bank will round the change up to a dollar and put the change in a savings account for you. They will match that amount up to I think $500. So if you buy something for $12.57, they will round up to $13, debit that from your account, and then put 43 in your account and match that so you actually get 86 cents. It sounds like a really cool program.
If you have a job only use half the money you got then don't use it .
Go through one week without eating out. No fast food, no Starbucks, nothing.
You'll be surprised at just how much you'll save.
put the money away and "forget" that you have it.
take a certain amount out of each check and "forget" about it… before long you will have a pretty good sum of money that is all forgotten… until you need it…. $25 per week is $1200 per year.
don't buy things you don't need. if you go shopping always go with a list and don't deviate from it. keep accurate records of your spending in your checking ledger. use will power to keep from spur of the moment purchases.
put a little in a jar each time you get paid and DON'T TOUCH IT!!!
Pay yourself first. Before buying anything, put a fixed amount away in a savings account that is not easily accessible.
Use cash to make every purchase. Save your change throughout the month. Only spend paper money, not coins.
Skip some extras and instead put that money aside for savings. You'll be surprised how fast it adds up.
Don't spend it! OK – besides the no-brainer, you need to budget yourself. Find out what you are spending youre money on, you may find you're just eating out a lot, or blowing your money of silly little things. Try to do these things less, eat in more, and put that money in a bank account that you won't get into. ING direct has great high-yield saving accounts. Put your money in there every month and DON'T TOUCH IT! It's hard to switch from spending to saving, but it can be done. Hard work, but well worth it. Best of luck!
I save however much i make an hour per day. For example if i make 15 dollars an hour and I work 5 days , I put 75 dollars in my savings account. It may not seem like a lot but its a realistic way to save and it really builds up fast.
I also try and make cuts on things that I don't really need. Like giving myself a manicure instead of getting it done, not getting coffee at Starbucks and such. Or I take my lunch with me to work instead of going out to lunch. All this stuff really adds up.
I found this method a couple years ago which, oddly enough, adds another category to the equation. It's called the "10-70-20 Plan." You take your total net earnings and divide them up this way: 10 percent goes to the church, charity or favorite cause of your choice. The 70 percent is what you are going to use to pay bills, buy food and household necessities (the key word is "necessities," not "wants" — there is a big difference). And the 20 percent is the money you will put away into savings and not touch. When enough of that "20 percent" money accumulates, you can turn it over into a higher-interest earning account at a bank or credit union.
The "10" is important because it gets the focus away from "me me me" and onto other people, causes and institutions. You will become a better, more responsible person for it AND you'll find that you can live within your means just fine.
Nathing you can do now las piranas estan sueltas
If you are able to have a 401K plan, start there. They take the money out automatically. If not, try a Roth Ira. Then put a couple thousand in it each year.
make a list everyday. inside the list there should be items u spent ur $$$ on. state the amount n name the item in the list.
at the end of the month, u should know where u spent ur money..
from there, u can make appropriate planning / budget…
this should help u to save $$$$$$$$$$$$$..
identify ur income n expenses 1st b4 u spend……
Have the money automatically transferred to a money market savings account when you are paid
Automatically transfer money to an account that you don't have easy access to like in another state. You can set it up to deposit a set amount each week or month to that account electronically and if you don't have an ATM card attached then you will have to physically go there in order to take money out. It doesn't matter if you are talking $1 a week or $100 a week, the principle is the same. Don't make it easy to access your savings, live on what you make, and build as much interest as you can … ie Roth IRA after taxes or 401K pre-tax. Invest for long term and/or save for short term goals. Don't buy what you really don't need. You need food and shelter and transportation but alot of the other things you are buying are only temporary pleasures. Be aware of the values of your purchases. Use cash instead of credit or debit cards. Shop around for things.
Tell your friends and family that you are leaving to joing the peace corps for 5 years. In the first year, sell as much of you can of stuff you don't have to have (if you have a nice car get a crappy one), then get two additional jobs (3 in all). Work 15 hours a day everyday even Sunday's for a year, just one year. Put every nickel and dime that you come accross into a growth stock mutual fund and then really join the peace corp/army for the next 4 years. Save everything you make from that. After 5 years you should have enough money (don't be surprised if you end up with $250,000+, if you go to the army and $150,000 if you go into something else) to where you won't have to save again because your standard of living will have dropped considerably, but then you can buy everything with cash and earnings from investment AND you can come back and do what you want to do for work because you don't have to worry about how much you are making!
The best way is don't buy anything that we know it is impossible for ladies, but you can save money buy work more. i mean give yourself a budget for saving, for example $200 a month. in first 2 weeks pay do your saving and then do what ever you want with the rest of the month and your money.
Whats an easy way to save money?
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Right now i have a checking and savings account. I got about 5k in the checking and the interest is 0.10% and and 3.5K in savings and that interest is 0.25%. They are both premiere so i must have 2.5k in them at all times. An idea i have would be to downgrade my checking account to a normal one and keep like 1k in their and put the rest into a money market savings account because at 2.5 k + the interest rate is 0.50%. The second part of my idea would be to stack that account enough as to where i can then move it to my savings account because at 10k + the interest rate is 1% compared to the money market which is 0.75 % at 10k +. I was jsut wondering if this is a good idea cause im new to the whole finance thing and only 20.
Hi Alex, if you have a job, set up direct deposit with free checking so that you can leave $1 in it and dont pay any service charge. Some banks like HSBC does not charge any fee on thier checking account. check www.bankrate.com, to compare the highest money market high yield, open the account online.
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for example, would you drive to a close-to-home supermarket with easy parking, to purchase groceries that are more expensive? or would you drive further with difficult parking for cheaper groceries?
would you pay someone to wash your car? or do you save money and do it yourself?
Do you pay to save time? or consume time to save money?
It depends. Washing my little car takes about 5 minutes so I wouldn't go to the car wash. Hey I just realized that I must be a cheap skate, I bake all my own goodies , grow my own Veggies and walk rather than drive if I can ( the dog appreciates this too)
I don't have a job so I have plenty of time and not so much money.
It depends on how much I will save, sometimes the savings aren't worth the time or when you figure in gas, the savings are less than going to the places closer to home. In this economy, I think it's smart to try to save in as many ways as you can. You can still enjoy life by being a bit frugal.
Do you favour convenience over money saving? or will you sooner be inconvenienced to save money?
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I work at a refinery and during the night shift, when it is pretty deserted, I take a few gallons home with me. I am interested in starting this into a new business and selling to my friends. I feel as though this may help our situation in Iraq?
You're full of it. Security is too tight at these refineries to let you get by with that.
That is funny. Don't think it'll help much in Iraq. Might land you in the unemployment line, though….. LOL
Good idea, but the refinery would probably notice a lack in production and then start charging us more per gallon!!
Sure way to loose a job.
I hope your not doing this by candlelight
I support free enterprise, as long as you report the income , pay taxes, go to church and vote Republican.
My new business is foolproof. Hire five illegals t push and pull the car. Three Mexicans in the front and two in the rear for better handling. Enormous savings on gas, wear and tear on the car and you can pay the Mexicans in Mexican money so there isn;t a tap on the USA economy.
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You cannot withdraw funds from your 401k at any time, this is done for a number of reasons, mostly to protect your retirement savings. There are only two real times you’ll be able to take money from your account-when you’ve reached retirement age, or for a brief period immediately after you’ve left a job. There are penalties, however, for taking funds from the account before you reach retirement age that will really take a large cut out of your savings. This is something that needs to be considered very carefully.
You can withdraw your funds normally after you reach retirement age, which is 59 years and 6 months old. You will have to pay taxes on these withdrawals, but that is because with a traditional 401k account your contributions were made from your pretax income-meaning that you put off paying the taxes on your earnings until making these withdrawals in retirement.
If you decide to take a payout before that time, when you’ve just left a job, you will have to pay both federal and state taxes, and a ten percent early withdrawal fee. This is a heavy price to pay, depending on what your percentages are it can add up to thirty to forty percent of your withdrawal total. Not only are you losing that money, but you’re also losing the money this would have earned for you until you reached the point of retirement. Any financial expert you talk to will recommend you find some other way to secure funds than to take money from your 401k early because of these fees.
After careful consideration if you decide this is still what you need to do you’ll want to get started immediately after you leave your employment. The company you worked for will hold twenty percent of what you withdraw for the penalty and taxes, and at the time you do your taxes at the end of the year you’ll be responsible for paying whats left of what you owe on that withdrawal in your taxes, so make sure you save some of it for that.
Taking an early 401k withdrawal is a serious decision to make that will need to be carefully thought out and then planned for with your budget.
See Also : 401k rollover 403b self directed 403b
Can I Withdraw Funds From My 401k at Any Time?
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Far too many people completely ignore the potential savings that could be made from applying even the simplest of money saving ideas. Whilst some people are just lazy, others would genuinely love to save themselves a few quid, but just don’t know where to start. Different ideas might be better suited to different people and choosing which ones you use will very much be your decision. Take a quick read through our 7 money saving ideas and pick the ones which are best suited to you and more importantly, the ones which will save you the most money!
1) Turn off all your electrical appliances when they’re not in use. This is a basic, yet so many people still waste hundreds of pounds a year by not turning off their televisions, lights, computers etc. If you’re struggling to do this you could set up a usage monitor, this will tell you in real time how much money you’re wasting. If you see it in black and white, you might just be tempted to switch everything off!
2) Turn off your taps. If you don’t turn the tap enough, it may still allow water through. Make sure you turn the tap and visibly check that it’s stopped the water coming out. If it still is and the tap is full closed, get a plumber on the job, it might need a washer replacing. One dripping tap could be costing you up to GBP500 per year.
3) Plan your meals. So many of us do our food shopping without so much as a glance as to what’s already available in the cupboards. What’s more, we don’t even have a list to work too! Either one of those things by itself is dangerous but both together are unthinkable! You are at the mercy of supermarket marketing when you venture out unplanned and they will usually get you spending on things you don’t need. Go with a plan and go on a full stomach to ensure you escape with your bank account in tact.
4) Complain. For some reason, many of us shy away from poor service and accept that it might get better next time, or they’re just having an off day. Let me tell you, if I handed over my hard earned cash for a product or service, they better make sure that it’s completely up to scratch, or its going back. Why should you ever settle for substandard? If you’re not happy, get your money back.
5) On Ya Bike. Everyone seems to be complaining about the cost of fuel these days yet no-one wants to do anything about it. If you’re lucky enough to live within walking/cycling distance to work, leave your car at home. If walking to work saves you GBP20 per week – that’s a yearly saving of about a grand, not to mention the savings on repair bills and depreciation of your motor.
6) Cut back on the booze. A few drinks down at the pub is commonplace for most people but when you actually add up the cost it can quickly sober you up. In some areas a single pint of beer is pushing GBP5, which is absolute robbery. Disappointment aside, you are potentially looking at a round of 4 drinks costing the best part of GBP20. If you are really strapped for cash but still find the money to go down the boozer, give it a rest for a few months. You could save upwards of GBP50 per night and your liver would certainly thank you as well.
7) Budget your paycheck. As tempting as it is to go mad on payday and buy all the items on your Amazon wish list, you should be much shrewder. You should plan for all you upcoming expenditure to ensure you experience no shortfalls midway through the month. I am sure you don’t need reminding that running out of money half way through the month is a massive inconvenience so prevent it from happening.
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We hear many questions when it comes to bankruptcy. One common question is: can I save money during bankruptcy? By saving money, for this blog post we mean the literal term, not saving on expenses but actually putting money into your bank account.
In Chapter 7 bankruptcy, saving money is less of an issue. You are discharging your debts and losing assets. In Chapter 13 bankruptcy, however, you are supposed to pay all extra money to your bankruptcy trustee.
Really, that doesn’t sound fair. Of course, you do have to follow the laws – you can’t just ignore them. But it’s not unreasonable to save some money for other expenses.
A Chapter 13 bankruptcy takes 3-5 years, much longer than a Chapter 7 bankruptcy which only takes a few months. If you cannot save money for that long, it will be hard to actually get that fresh start. But look at the advantages of Chapter 13. For Texans, it can save your home from foreclosure. It can stop a car repossession or the taking of other assets. If you owe $100,000 in debt, you can quite often pay a fraction of that over a long period and come out free of most debts.
The problem with saving money during bankruptcy is you’re supposed to be broke. Your supposed to have little if any money. That too is unrealistic. Quite often those who file Texas Chapter 13 bankruptcy do so not because they have no money, but because they don’t have the necessary income to pay off all debts. You might owe $100,000 on your home and fear foreclosure, owe $5,000 on your car, and owe thousands more in medical and credit card debt. You also have a job which pays enough for you to avoid Chapter 7. In this case, saving money is necessary.
If you come into new debts you know you cannot afford, you can suspend your Chapter 13 debt repayment plan in order to pay off these debts. You might experience damages to your home or car which you must fix, and that’s why the laws are like this.
Can you save money in Texas bankruptcy? If you have disposable income, it may be difficult. At this point, you need to talk to an experienced Texas bankruptcy attorney. If you’re unsure of any laws, an attorney is your best source for information. Also, when you need to suspend payments on your Chapter 13 bankruptcy, it’s your attorney’s job to help with this.
If you have no attorney yet, many offer free consultations.
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Find out NOW! Complete the Free Bankruptcy Evaluation form below and one of our representatives will call you and help you decide if filing bankruptcy is right for you!
Saving Money During Texas Bankruptcy
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We received $1190.61 for babysitting. It was paid through the state. We want to save money from it for next years taxes because we had to fill out a W-9 and will have to pay taxes on these earnings. Does anyone know how much we should save? This is for the IRS and the state of California.
If you are claiming self employment income, you may be able to offset the income with expenses involved with the babysitting. For example, did you use any money for supplies, possible mileage related to driving from job to job? Generally, if you are single, you should set aside 20-25% for all taxes (fed, state, local, self-employ); however, this rate would drop based on filing status, dependents, etc.
How much should we save for taxes?
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