Whats the best way to start saving money?

Plan. Budget. Make it happen by setting aside 10% of EVERYTHING you make.

well for a home you may want to put the extra in a savings account and dont touch it. All spare money sock it. Another thing you can do is start up a small business or leverage with someone who know what their doing. I dont spend much money but I make good money from helping people leverage.

Hope this helps,
Q

P.S. If this was helpful please mark best answer. Thanks.

Good for you for saving up!!

The best way for you to not spend it is to put the money into the market and get it away from you. Depending on how long you’re saving for, consider “loanership” investments like CDs or bonds. The return isn’t as high as stocks, but you’ll more assuredly get your money back *when* you want it.

open your account in any bank start submitting money you have in that bank and then you will be able to collect money.

heres away for get sum in a while- long term -.
everyday empty ur pockets into a jar ( change only unless u wanna put cash in there too but i wouldnt ) soon it will be filled and u can cash it in at a bank

Read the book “Automatic Millionare” by David Bach. He writes about how to save money and avoid spending it. He calls it the Latte Effect. Don’t buy things you don’t need like a 5$ latte from Starbucks.
THe #1 rule is to
PAY YOURSELF FIRST…..
when you get payed send your money to a tax deffered account, so you can make money on interest. THat money is also protected from federal tax until you withdrawl it, but in the meantime it grows on interst.GOOD LUCK

Check out this link for some good ideas!

Put your extra money in a savings account that is not easily accessible to you, preferably a high-interest account at a completely different bank than the one you use for your other checking and other savings. Have whatever money you can afford deposited DIRECTLY into that account from your paycheck or from your checking account. Make it so that you never really get your hands on the money in the first place. Use this account as your long-term, “permanent” savings account. Make it automated, and just forget about it and let it grow.

Also, though, you should open a savings account that is attached to your checking account. If you have extra in your checking account when it’s time to get paid again, move that extra into your savings. Try to build that savings account up to at least $1,000 — or more — and think of it as your “emergency fund.” Try not to use it, but knowing that you have an EF will give you tremendous peace of mind and help you not use credit when you DO have an emergency or an unexpected expense. It sounds weird, but it’s amazing how much easier it is to save money once you have a little cushion built up.

Also, you should contribute to your 401k. Most employers do matching up to a certain amount or percentage. (My company matches 100% of the first 3% we contribute to our 401k, and then 50% of the next 2% we contribute.) That’s free money. First-time homeowners MAY be able to use money from their 401k to help pay for their first house. There are conditions and rules that apply, and various taxes and penalties. But it is an option for some folks.