(Closed) Having the HARDEST time saving money!

posted 5 years ago in Money
Post # 4
Member
535 posts
Busy bee
  • Wedding: November 2012

We saved the majority of our money using our online banking tool. It has this automatic weekly tool that will deposit money from the checking to our savings. We had $20 go in every payday. It doesn’t sound like much but it sure did add up fast! That could be something to look into? Our bank is PNC, but I think most banks offer online tools?

Post # 5
Member
662 posts
Busy bee

I take a set amount of money I can live on comfortably… that I KNOW I can live on and when I get a paycheck I immediately transfer any money over that amount into my savings account. 

 

I think your problem is more “justifying” than it is “saving” because you’re getting things for yourself by justifying that you’re doing it for a wedding.  If you agree with that, I’d recommend doing the same thing you do when you want a clear picture of your diet intake…. get a journal and start writing down everything.  If you buy a cute scarf for your bridal shower, it goes in the journal. 

Post # 6
Member
3583 posts
Sugar bee
  • Wedding: August 2012

I have become quite the homebody lately and have been saving without even trying. It’s winter now so maybe go out less a few times a month and have part of your check direct deposited into a no-touch savings account. Make sure you don’t order an ATM card so it’s difficult to access the money!

Post # 8
Member
533 posts
Busy bee

I had to live so frugally couple of years ago, when it came to saving for the wedding and honeymoon we didn’t have to change much. 

I split my pay into 3 accounts. 

Savings, bills and weekly spending amount (petrol, groceries, coffee etc) 

Then we just don’t buy anything we don’t just want. We only buy what we need. There are plenty of saving calculators online, so use one if you need help. 

Post # 9
Member
6124 posts
Bee Keeper
  • Wedding: August 2012

@navyblueandyellow:  ” I keep justifying everything by buying things for the wedding (outfits leading up to it heehee) what the heck am I doing?!”

 

Do you need advice on how to stop buying outfits – at least before the wedding?  Or extra things you don’t need for the wedding?

Post # 10
Member
14316 posts
Honey Beekeeper
  • Wedding: June 2011

Simple. Dont spend!!  haha.  If you get to the root having problems saving, that’s really as easy as it gets.  Dont buy it if you dont need it.  Do you really need a new outfit? No, probably not.  Do you really need that starbucks?  Probably not. 

Take your (and your FI if you’ve combined, or you can do this separately) income and subtract the most basic living expenses – rent/mortgage, car, utilities, groceries, student loans, etc.  Look at what you have left over and decide a good amount to sock away, make it an automatic deposit into a wedding savings account every pay day and dont touch it.  Leave enough to have a little spending money and dont be tempted to dig into the savings unless its for something you’ve budgeted to use directly for the wedding.

The topic ‘Having the HARDEST time saving money!’ is closed to new replies.

Find Amazing Vendors