Saving money is a major issue for many people. They put money aside but then spend it almost as soon as they start to save it. Or then again some people just totally forget that they were going to be saving and end up with no savings.
Bellow I am going to show you a couple of different techniques which I personally use to save money. Obviously there are hundreds of different ones but here is the ones I use which i find easiest:
Penny Jar
This option may sound quite old and not effective but I can almost guarantee that it will work. I myself get between £50($100) and £100($200) each year from this method alone.
How to do it is really very simple, get a bottle of some sort, I use a Quality Street (sweety tub). Then cut a slot big enough to fit your coins into but not big enough to easily get them out. Your next task after doing this is simply to use some sort of tape to tape the lid onto the bottle/tub. Make sure its possible to take the tape off eventually but still hard enough for you to not be tempted every few days.
You should be putting all 1p, 2p and 5p coins into the tub and leaving them there for a year or so and when you open up you should have saved quite a bit of money away. I occasionally put 10p and 20p coins in it aswell if they are spare and not needed. As it all adds up its worth in my opinion.
Savings Account
Okay well this is the one that really works for me and anyone who is willing to save £5 ($10) or more each week. Smaller amounts than this are more awquard to pay into the account and well are not as worthwhile in the long run.
When you start you must set an amount that you will save each week/month then you must not go bellow that, above is fine. Then each month put the money into the account. Then at the end of the year or before a holiday etc take the money out.
One of the most useful points of the savng account in my opinion is that you do not have the cash sitting in your room at all times. Another great point is that your bank will also pay you interest for saving with them, allowing you to save more than you actually put in!
Obviously this is just two methods of saving when there are really hundreds of different ways. Leave us a comment bellow telling us what methods you use so that other people can share your success to.
I will also at a later point blog some more savings methods.