My man and I are trying to save money and according to our calculations we could be saving upwards of $1200 per month. However, when it comes time for the paycheck it seems that all of our money is going to bills. Any thoughts/ideas/suggestions?
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Positively Negative
ANSWERS: 4
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Are you setting aside the savings first, or spending first? If your bills and incidental spending should leave you with $1200 per month, then take that money out FIRST. Consider it a bill, and put it into whatever savings mechanism you have. preferably something with a decent interest rate. A financial counselor at a bank or credit union can guide you to an appropriate fund or account based on your ages, goals, etc. A bank may even draft the $1200 from your deposit account (checking account) for you on a set date each month. It's really a mindset. Convince yourselves that the $1200 is another bill you have to pay, and do it.
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Before you go to make a purchase look for coupons online. I check Deals.com for example for dell coupons or coupons for the home depot. Whatever you are buying, a penny saved is a penny earned.
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Recalculate.
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I would guess that you need to learn the difference between what you need and what you want.
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