Comments on: Money Saving Secrets of Super Savers

By: Ultrasound Technician Schools

Ultrasound Technician Schools — Sat, 22 Jan 2011 20:47:28 +0000

Excellent article! We do most of these things and save about 25% of our income. I want to save even more though!
Ultrasound Technician Schools´s last [type] ..Bachelor’s in Healthcare Studies

By: Bri

Bri — Sat, 08 Jan 2011 19:37:35 +0000

Great tips on saving. I’ve got a tip not mentioned:
-Shop at consignment stores. I’ve gone from buying everything and anything at retail price to only buying generic brands at the grocery store or pharmacies and off of sales racks at department stores and online merchants. I’ve donated so much clothes and excess junk that were brand new and in great condition which allowed me the exposure to a great consignment store that allows me to sell stuff I was going to get rid of anyway and make money in return. I can get a check for my earnings from the store’s owner but I get a better bang for my earnings if I spend it at the consignment store itself, which I do, on clothes and shoes other people don’t want. Lucky for me there’s a girl that sells all her things brand new with tags on them, and I usually get them 75%-90% off the original retail price. It’s a great feeling to get new stuff for cheap!!!

I love tip #8…it works great especially when you setup automatic debt payments. I’ve managed to setup almost all my debts to be paid from my paycheck every two weeks and the great thing is you can setup the payment for any amount so if you can manage to add a little more with no extra effort (such as having to pay the extra amount manually after getting paid), then that saves you even more money, energy and time in the long run.

Anything I want that’s worth it I save for now. I’ve increased my income by taking on a second job and I’ve even talked with my landlord about lowering my rent in exchange for helping her by babysitting her kids and taking care of her dog when needed.

Getting creative to save helps you get creative in paying off your debt that much faster. I’ve managed to payoff over 10k of my debt in 2010 and seeing that much reduction has boosted my spirits and motivation. This year’s goal is to setup an automatic emergency fund. It may not be much to start with but like everything else, patience and perseverance will be essential.

By: Summer Vacation Edition | Money Smart Life

Summer Vacation Edition | Money Smart Life — Fri, 06 Aug 2010 10:07:06 +0000

[...] Money Saving Secrets of Super Savers @ Cool to be Frugal [...]

By: doralin

doralin — Thu, 05 Aug 2010 08:40:35 +0000

I spend below my means… but there always a things happen that makes me used my money. I also has begin automated saving system, but only able to save around 8-10% monthly. Currently working on having multiple stream of income, but difficult to find one. I guess, I have to live more frugally after this. Reading that some able to save 60% of their pay is awesome and I jealous too.
doralin´s last [type] ..Spending less or focusing having on more money

By: Tia

Tia — Wed, 04 Aug 2010 21:07:46 +0000

All of these are excellent tips. I prefer living below my means anyway, even if saving money were not a perk; I just try to stay away from excess. If I could get a handle on automated saving and tracking spending, I believe I could save 50% of my income each month.

Thanks for this post. It’s excellent.
Tia´s last [type] ..Want an iPad for College Enter for Your Chance to Win!

By: Mike - Saving Money Today

Mike - Saving Money Today — Fri, 30 Jul 2010 14:53:05 +0000

Those are all such simple concepts. If everyone lived by them we’d all be in great shape!

By: Evan

Evan — Thu, 29 Jul 2010 01:52:10 +0000

I have 7 of the 8 going on. I don’t track spending by any menas. I set up my budget and moved on.
Evan´s last [type] ..Would You Opt Out of The Social Security Ponzi Scheme

By: My Personal Finance Journey

My Personal Finance Journey — Sun, 25 Jul 2010 03:21:43 +0000

I think No. 8, automating everything, is especially important for most things, including retirement savings.

However, after recently reading about the importance of fulfilling your life dreams (one of mine is traveling) one of David Bach’s book, I have started scheduling automated transfers to a savings account specifically set aside for traveling to my dream destinations.

The purpose of this is so that I do not use the money for everyday purchases.
My Personal Finance Journey´s last [type] ..Does Being Green Make Economic Sense – Part 1 – Green and Hybrid Automobiles

By: jason

jason — Wed, 21 Jul 2010 07:06:52 +0000

Also, I think, items 2, 4 and 8 above are the MOST important of ones listed. If you automate your savings, you won’t have the money to spend. If you live below your means and can delay gratification, you won’t miss the loss of money to spend. The rest will take care of itself.

By: jason

jason — Wed, 21 Jul 2010 07:01:05 +0000

Here’s another one that I find works (escpecially if you’re single):

Find a hobby that isn’t expensive to do, or at least try and find ways to make it less expensive. Like, for example, ballroom dancing. Sure, you can pay alot of money on private lessons or you can get a few dvd’s and learn from them. The point is, give yourself something that you can spend your time on, and learn something in the meantime. This way, boredom won’t set in and compel you to go out and spend money on having a ‘good time’. You’ll find if you keep yourself busy, the money stays in your pocket. Woodworking is great because you can earn a few extra bucks with your efforts.