Commandments of Saving Money

[jeffrey]

If you were going to teach someone about saving money and they asked you what were the most important issues that needed to be followed in order to do so, what commandments would you give them?

[SnoopyCool]

Pay tithing, or 10% to a charitable cause (whatever your beliefs hold you to).

Pay 10% to savings.

Live within your means, well within!

Get out of debt if you have any.

Go for lasting joy, not for fleeting happiness. For instance, instead of getting high buying the latest gizmo, find joy spending time with your loved ones.

[Staceyy]

Make saving automatic by having deposits automatically taken from your paycheck or bank account.

Save your change.

[PrincessPerky]

You gotta word this better but when I hear "I saved 40$ on this new gadget" I always want to point out you spent 60%...which is not saving...

Saving is putting money away in a safe spot..bank lock box, or freezer. Not spending less than intended...

Seems to me the English language has those two different actions labeled with the same name to benefit big business...It's a conspiracy! (kidding, I do not have any conspiracy theory's, no opinion on black helicopters, nor do I like the catcher in the rye)

[jIM_Ohio]

nothing is without risk

set expectations for what return you want and why you want to save.

most people don't have an income problem, they have a spending problem

[lillygator]

these are great! Thanks!

[disneysteve]

1. Live below your means.
2. If you can't pay cash or pay the credit card bill in full, you can't afford the purchase.
3. Save at least 10% of your income.
4. Learn the difference between wants and needs and keep the wants to a minimum.
5. Forget about keeping up with the Joneses.

[Aleta]

1. Pay yourself first.
2. Make a plan (budget) to allocate yur earnings.
3. Only buy what you have already saved or allocated to your purchase.
4. Search out lower costs on cellphones, telephone plans, cable or satelite,
life insurance, all types of insurance, internet, and lower loan rates.

[savingandinvesting]

Saving Commandments

1. Automate it
2. Diversify it
3. Focus on the big picture
4. Grow earnings as well (makes savings so much easier)
5. Set satisfying end goals
6. Start ASAP

[jedi]

1. Set financial goals and have a financial plan.
2. Manage your money and reduce expenses.
3. Grow your money (save and invest).
4. Protect your fortune.

[Homebody]

Spend less than you earn.