How do you save money?

better call saul · 11-01-2015 08:36PM #1

Just curious as Im not living extravagantly yet still cant save much of the pay cheque each week!

Senna · 11-01-2015 08:39PM

Either earn more or spend less

or rob a bank?

curry-muff · 11-01-2015 08:39PM

I spend less than I earn.

pmasterson95 · 11-01-2015 08:40PM

Wanna buy some magik?

Mister Vain · 11-01-2015 08:41PM

I refrain from alcohol so I'm worth a fortune. Well at least that's what most people like to think anyway. "Ohh he doesn't drink, he must be loaded."

kfallon · 11-01-2015 08:41PM

Mister Vain wrote: »

I refrain from alcohol so I'm worth a fortune. Well at least that's what most people like to think anyway. "Ohh he doesn't drink, he must be loaded."

I usually end up 'loaded' when I drink!

Tugboats · 11-01-2015 08:42PM

Claim dole twice in different counties

dmc17 · 11-01-2015 08:42PM

Mister Vain wrote: »

I refrain from alcohol so I'm worth a fortune. Well at least that's what most people like to think anyway. "Ohh he doesn't drink, he must be loaded."

People look at me and say "he's drinking again, he's feckin loaded!". It can get confusing at the best of times :pac:

suave.4u · 11-01-2015 08:43PM

Mister Vain wrote: »

I refrain from alcohol so I'm worth a fortune. Well at least that's what most people like to think anyway. "Ohh he doesn't drink, he must be loaded."

No Drink!! What is the point of life then

tampopo · 11-01-2015 08:45PM

I spend less this month than I earned last month...

ygolometsipe · 11-01-2015 08:46PM

I has the same problem! you need to cut out the necessaries.

No hookers
No coke
No 1988 Remy Martin
Get rid of the personal chauffeur
No one needs two nannies ( I didn't even have kids).
moved from a four bed penthouse to a two bed penthouse.

I think you can see what I mean, a few small cutbacks can mean big savings.

Ted_YNWA · 11-01-2015 08:47PM

Have direct debit set up so never actually get to see money sitting in current account.

ygolometsipe · 11-01-2015 08:49PM

Mister Vain wrote: »

I refrain from alcohol so I'm worth a fortune. Well at least that's what most people like to think anyway. "Ohh he doesn't drink, he must be loaded."

I cant trust a man that doesn't drink but then trust isn't very important to me.

you must have some bad habit tho?

Aidric · 11-01-2015 08:50PM

Start with doing a personal budget to analyse your spending.

The Diabolical Monocle · 11-01-2015 08:50PM

no alcomohol, no schmokes, no gambling, no dominos, non del cocoaine, flatmate, self service, no children, no action figures, no weekends in Prague, no renting dvds, no cinema, woolly jumper.

kfallon · 11-01-2015 08:51PM

The Diabolical Monocle wrote: »

no alcomohol, no schmokes, no gambling, no dominos, non del cocoaine, flatmate, self service, no children, no action figures, no weekends in Prague, no renting dvds, no cinema, woolly jumper.

I'm pretty sure if you change every 'no' in the above post to 'choose' it's the opening lines of Trainspotting

Desolation Of Smug · 11-01-2015 08:52PM

Jam some under the mattress every week. That's what most people do.

RobertKK · 11-01-2015 08:54PM

When the recession came I had to sell my helicopter and I downgraded the car which saved me loads, stayed single to avoid anyone who might be high maintenance.
One downside, I had to pay off some foreign slaves whom had a problem with the lack of pay and time off which was saving me a lot of money.

I may have mixed up my life with the lives of various other people...

UCDVet · 11-01-2015 08:58PM

Here's what I do...

1.) Cancel cable TV - just use internet (~20e per month)
2.) Cancel cell phone - get prepay phone and never use it. Use the 500 free text messages to communicate (~30e per month)
3.) Ditch the car. Ditch the bus. Get a bicycle. Cycle to work (~100e per month for me compared to DublinBus)
4.) No more soft drinks. I used to waste so much money drinking 3-5 cans of Coke/Pepsi each day. Stop that. Drink water (~20e)
5.) Work lunches....stop buying lunches. I used to spend 5-6e per day. Now I buy sandwich meat and pack a lunch (~70e - cause you still have to pay for the meat and bread)

That's like 240 quid in my pocket. Not only that, between cycling, no soft drinks, and no fast food, you'll probably lose some weight/gain a tiny bit of fitness.

I guess if you've got a lot of money, it isn't worth the effort. But at the end of a year, I'd rather look back at memories of some trip I went on or some cherished item I bought than remember all the days I spent on the bus, or the cable TV I watched, or my fancy Galaxy S whatever phone, or the 50 times I went to McDonalds.

I also got a roommate (400e per month) but that one is a big change for a lot of people.

Reg'stoy · 11-01-2015 08:58PM

Ignore peoples names on their lunches in the office fridge.

pablo128 · 11-01-2015 09:01PM

A rich young Arab was interviewed in London about driving around in a flash Ferrari, while the locals his age were driving Golfs, Focus etc. He replied that they were probably drinking every weekend, in the bookies, going into casinos, smoking cigarettes, while he simply drove his Ferrari.

So would you rather be the Arab or the Brit?

ytpe2r5bxkn0c1 · 11-01-2015 09:02PM

I just have it on a standing to a savings account. When working I had it straight from my wages to a credits union. What you never had you never miss.

Not spending helps too.

The Backwards Man · 11-01-2015 09:04PM

I'm a tight, miserable bastard

run_Forrest_run · 11-01-2015 09:06PM

UCDVet makes some good points, it's the day to day small costs you need to watch. Things like coffee, sambos etc, it all adds up.
I'd also suggest doing up a budget based on your income and withdraw only that amount from your account and use that cash for the week.
Always deal in cash as it means more to hand over your hard earned cash for something. With debit cards etc it's too easy to lose track of your spending.

kfallon · 11-01-2015 09:06PM

The Backwards Man wrote: »

I'm a tight, miserable bastard

Think you're looking for PI Forum.....

UCDVet · 11-01-2015 09:06PM

pablo128 wrote: »

A rich young Arab was interviewed in London about driving around in a flash Ferrari, while the locals his age were driving Golfs, Focus etc. He replied that they were probably drinking every weekend, in the bookies, going into casinos, smoking cigarettes, while he simply drove his Ferrari.

So would you rather be the Arab or the Brit?

I get that it's meant to be an anecdote; but I'm not sure the maths would work out. The cost of a flash Ferrari is really high and the cost of insurance, tax, maintenance and petrol would be off the charts.

I know when I was young, there is no way I drank, smoked or gambled anywhere near the amount of money you'd need for a decent Ferrari.

Clermont1098 · 11-01-2015 09:08PM

Slowly

pablo128 · 11-01-2015 09:08PM

UCDVet wrote: »

I get that it's meant to be an anecdote; but I'm not sure the maths would work out. The cost of a flash Ferrari is really high and the cost of insurance, tax, maintenance and petrol would be off the charts.

I know when I was young, there is no way I drank, smoked or gambled anywhere near the amount of money you'd need for a decent Ferrari.

Would you rather have money and not spend it, or spend what you have and enjoy it?

11-01-2015 09:09PM

I don't drink and I don't smoke, and it made student life infinitely more comfortable than my peers. Two biggest savings most people can make is to cut out or radically cut down those two expenses.

My big extravagance is my car, I don't need it for commuting or for work so it really is a luxury, but one I wouldn't be without.

FeeNi · 11-01-2015 09:11PM

I do a weekly meal plan and stick to the items on my list when grocery shopping...takes a bit of effort/planning but I find it well worth it, cuts well down on the cost of groceries and a lot less food wastage.

The Diabolical Monocle · 11-01-2015 09:13PM

run_Forrest_run wrote: »

Always deal in cash as it means more to hand over your hard earned cash for something. With debit cards etc it's too easy to lose track of your spending.

this.

watch your interest like a pervert.

How do you save money?

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