Advice on Saving Money

[Afro]

if you answer yes and still wanna buy it, then just and acknowledge you're just like them, you bytchmade ass nikka

I...


Yea, that actually hit home man, shyt.

You right

I don't wanna be a bytchmade ass MFer no more

 

[Nature's Fury]

Download the Truebill app so you can really get a picture of what you’re spending your money on so you can adjust properly. You’re gonna be surprised at how much you’re spending on food, guaranteed.

 

[The God Poster]

Basically I can't save money for shyt.

I'm not completely irresponsible. I take care of my bills and debts and whatnot, but if I have any extra money for whatever reason I just won't save the shyt. Money just burns a damn hole in my pocket.

Anyone got any advice on how to either change my mentality, or where I can put my money so that I wont be tempted (or perhaps even able) to spend it?

You been able to save more during the lockdown?

It's done wonders for me . The amount I was spending on restaurant food & gas

 

[The God Poster]

Many savings/ money market accounts have a withdrawal limit, typically 6 per month.

So plan accordingly to avoid any fees. Perhaps taking out a lump sum to cover erything.

I learned the hard way a while ago. I believe the federal limit was 6 times a year or month you can dip into savings.

They cancelled my shyt soon as I did that

 

[ThaBronxBully]

Budget

Budget

Budget


If Your Monthly Pay Is 2,600 And Your Monthly Bills Are 1,700 Then You Know That You Gotta Put $850 Aside Each Check For Bills (Bi Weekly)

That Other $900 Is Yours To Do Whatever You Want With, It’s Not Hard, Unless Your Monthly Bills Are More Than You Get Paid Then You’re In Trouble lol

 

[NkrumahWasRight Is Wrong]

Have the physical cash

 

[GUWOPPERS]

Buy gold, stocks(not right now really unless you do your research) or any other valuables or collectors items that will always hold value.


You can’t spend it immediately so it’s kind of like a speed bump to your irresponsibility.


I got into Magic The Gathering a few years ago from a military friend. The returns on certain unopened boxes is like 20-30% a year, it’s crazy.

Dude I watch on YouTube left wall street to solely invest in magic and rental properties and is making out like a bandit.

 

[MJ Truth]

What do you spend your disposable income on?

Bars/restaurants (pre covid obviously), Starbucks, and women.

 

[Buckeye Fever]

Open an online savings account and setup automatic deposits.

One of my friends was having difficulty saving money. He got him a prepaid debit card, wrote on the direct deposit slip that he wanted 10% of his check deposited on the debit card, took it to HR at his job, then he cut the debit card up so he cant use it. He did that 2 yrs ago and he said he still has it set up like that.

 

[Eastside Get The Money]

A few rules for saving money. I don’t exactly follow all of these but hopefully they help out.

Realize you’re too old to keep up with fashion.

Go vice free if you’re really trying to save.

Buy a used car about 3-4 years back and pay it off ASAP. No car note.

Get a sams club or Costco membership. Buy the staples in bulk and stop eating out.

And for fun, vacation to non destination spots during non peak times. Depending on city and season you can easily get a plane ticket and room for under $100

 

[BlackDiBiase]

Bars/restaurants (pre covid obviously), Starbucks, and women.

you need a little hint of some anti-socialness. dont even keep up with the trends whether fashion or technological.

you are throwing money away, level up your social outings and use shame to fuel you to immediate changes. props again for trying to be frugal.

 

[pcpking]

Basically I can't save money for shyt.

I'm not completely irresponsible. I take care of my bills and debts and whatnot, but if I have any extra money for whatever reason I just won't save the shyt. Money just burns a damn hole in my pocket.

Anyone got any advice on how to either change my mentality, or where I can put my money so that I wont be tempted (or perhaps even able) to spend it?

Look at like this. You work your ass off for your check and before you get a chance to see your money the government is taking 34% of your shyt.

After only getting only 66% of your hard earn money your going to have other responsibilities in your pockets.. Rent, gas, lights, insurance, and car maintenance. You basically work your ass of to pay other people so why not pay yourself by saving a piece of your check every pay period. I don't care if its just 20 bucks.

 

[Hijo de luna]

@MJ Truth post your budget so we can have a Coli case study. Monthly income, mortgage/rent, car note, loans etc.

 

[MJ Truth]

@MJ Truth post your budget so we can have a Coli case study. Monthly income, mortgage/rent, car note, loans etc.

I have about $400-$600 left monthly after all of my bills, including gas and groceries. But I spend all of that during the month.

 

[Obreh Winfrey]

Many savings/ money market accounts have a withdrawal limit, typically 6 per month.

So plan accordingly to avoid any fees. Perhaps taking out a lump sum to cover erything.

That's exactly why I suggest it. You need to think before you start pulling out money on a whim.