MayorMeanBeans Posted December 7, 2007 Share Posted December 7, 2007 Anyone have any tips? I'm sort of good at it, i dont do excel or any computer program but i definitely keep a running tally in my head, having a ballpark figure of money to spend per week, keeping in mind the various bills. still though the first week after payday is usually a lot more fun then the second. discuss. Link to comment Share on other sites More sharing options...
MAR Posted December 7, 2007 Share Posted December 7, 2007 buy a money keeping book. they're laid out for this kinda stuff. all you have to do is carry it with you and keep tabs on your spending. i found when i did this i spent a lot less. just thinking about how much you're spending can make you more conscious. edit: the books are called ledgers. Link to comment Share on other sites More sharing options...
Dawood Posted December 7, 2007 Share Posted December 7, 2007 make mo money , mo money mo money , money mo. Link to comment Share on other sites More sharing options...
OL'DIRTYGeEEZER Posted December 7, 2007 Share Posted December 7, 2007 props for MAR....i need that ledger book thing.... Link to comment Share on other sites More sharing options...
Dawood Posted December 7, 2007 Share Posted December 7, 2007 fortunately I have a job where I get paid after every job so, every day can be payday. Link to comment Share on other sites More sharing options...
rushawn wuan Posted December 7, 2007 Share Posted December 7, 2007 dont buy shit you dont need. like that rc helicopter i bought 2 weeks ago, flew for about 2 minutes and is now sitting in my room. also try no eating out much. Link to comment Share on other sites More sharing options...
BruceLeroy Posted December 7, 2007 Share Posted December 7, 2007 i need to start saving my money. real talk Link to comment Share on other sites More sharing options...
Dawood Posted December 7, 2007 Share Posted December 7, 2007 yeah, eating out is a big killer. i buy coffee out everyday , sometimes twice....that's like 2-4 bones a day. Then lunch. I try to bring it when I have time... Link to comment Share on other sites More sharing options...
MayorMeanBeans Posted December 7, 2007 Author Share Posted December 7, 2007 ^ rush i definitely hear that. its a double win, learning how to chef up masterpieces on a daily basis, and save money. ive found that the biddies love it too, cook em something nice, complement it with the appropriate wine and spend 20 bucks total. i dont know if thats scrubbed out, but its for sure classy. Link to comment Share on other sites More sharing options...
rushawn wuan Posted December 7, 2007 Share Posted December 7, 2007 i take my lunch most of the time now. its good not only because you save about $10 a day (about $200 a month) but also because its not as fattening as the shit on the street. Link to comment Share on other sites More sharing options...
MayorMeanBeans Posted December 7, 2007 Author Share Posted December 7, 2007 one idea that makes lunch awesome is to cook enough dinner the night before for lunch the next day. nothing like a full course meal for lunch, with barely any extra work. dawood coffee is definitely a killer too Link to comment Share on other sites More sharing options...
Magnum OPiss Posted December 7, 2007 Share Posted December 7, 2007 Don't really have any tips except cut your vices in half. I saved 200 bucks this week by cutting back on my drinking. Link to comment Share on other sites More sharing options...
Dick Quickwood Posted December 7, 2007 Share Posted December 7, 2007 buy cost-effective food and don't eat out Link to comment Share on other sites More sharing options...
TAMER Posted December 7, 2007 Share Posted December 7, 2007 Don't really have any tips except cut your vices in half. I saved 200 bucks this week by cutting back on my drinking. Good god man, i wish I had your liquid endurance. Drinking that amount is a skill. Link to comment Share on other sites More sharing options...
Tails0nE Posted December 7, 2007 Share Posted December 7, 2007 i need to manage my money better... especially cause its the holidays and i need to go christmas shopping... lets see what im working with right now... $4 in my pocket and a $2 bill.... hhmmm.... Link to comment Share on other sites More sharing options...
MOE-LESTER Posted December 7, 2007 Share Posted December 7, 2007 i use microsoft excel and keep a running tally of all bank accouts etc. online banking is also really helpful, it tells you everything you need to know. the rest you just need to memorize. i know exactly how much cash i have in each account and stack. if a 20 is missing i know abuot it. i probably count my stash every other day. Link to comment Share on other sites More sharing options...
Poesia [ ] T Posted December 7, 2007 Share Posted December 7, 2007 5 easy steps Link to comment Share on other sites More sharing options...
cixelsyd Posted December 7, 2007 Share Posted December 7, 2007 well if your looking for a long term savings plan you should probably invest your money into a c.d. account. You can get it at any local bank, but a bank that has high apr is gold. Right now I'm starting off with three c.d. accounts and each one has X amount of money that I have been saving, and the apr is 4.6% ( your apr increases with more money ) And what is great about a c.d. is that if you think about withdrawling your money before the time is over, then a pretty large fee is taken out of it, which makes it less desirable to fuck with. Just some info... Link to comment Share on other sites More sharing options...
MAR Posted December 7, 2007 Share Posted December 7, 2007 Banks are kind of a trap. While they do pay interest but you get negative returns because of inflation. The best investment is in bonds or a mutual fund; low returns but safe. Stocks and futures obviously give you the highest returns but they have a much larger risk. These only really make sense if you can put away five thousand or more. Unlike CD's there are no penalties for withdrawing early which is good in case of an emergency. Link to comment Share on other sites More sharing options...
cixelsyd Posted December 7, 2007 Share Posted December 7, 2007 It would definitely be a "long-term" savings plan. Link to comment Share on other sites More sharing options...
MayorMeanBeans Posted December 7, 2007 Author Share Posted December 7, 2007 yeah my problem is that my cash flow isn't great enough that any money i make lasts longer than 2 months. im in college so its not that worrisome (part of life even). i have a question though, you said that the more money you have the higher the apr. so why do you have three cd accounts when you would make more interest with one? (unless the brackets are pretty fair out of reach, like the next level is 100,000 or some shit). Link to comment Share on other sites More sharing options...
cixelsyd Posted December 7, 2007 Share Posted December 7, 2007 they are at differen't banks, I have one in hong kong, one where I live, and one with a family bank. And no they are not in different amount brackets. i basically had them catagorized, and one may have X amount of time to grow, the other has a different X amount of time, and so on. Link to comment Share on other sites More sharing options...
MAR Posted December 7, 2007 Share Posted December 7, 2007 heres everything you need to know about CD's: http://www.sec.gov/investor/pubs/certific.htm if your a college student keeping a ledger is your best bet. seriously it did wonders for me when i was in a tight spot. also just little things like buying in bulk when you can will save you a lot of money. heres another site that covers everything: http://www.mymoney.gov/ Link to comment Share on other sites More sharing options...
CACashRefund Posted December 7, 2007 Share Posted December 7, 2007 the way i do is this i pay my bills first then i put money into my rainy day fund usually thats 100-250 a paycheck and then everything else goes into my checking account Link to comment Share on other sites More sharing options...
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