Student wishes to know, how to save money wisely?
613385
You should first set aside some money in an emergency fund in a savings account...in my region you can earn about 3.3% on a money market savings account.  This money is liquid and you can access it at any time.\n\nOnce you've done that, you should determine what you're saving for.  Is it for a particular purchase, such as a down payment on a house?  Or is it for retirement?  If it will be invested short-term, you might look into Certificate of Deposits offered by banks...interest rates have climbed substantially from where they were 2 years ago.  Or if for retirement, I recommend a Roth IRA.
671962
I know Washington Mutual has information on savings account tips for kids.  You may want to check out their website for more information.\n\nhttp://www.wamu.com/about/community/programspartnerships/education.asp#WaMoola
100668
Budget. Figure out how much money you need to spend. Make liberal estimates, and save everything else. Then, little bit little, find ways to lower your spending (find better prices for the things you need, avoid extras like eating out, movies, etc).
938693
At 16, the safest thing to do is go to your bank and buy a CD. Or you could put it in an investment fund.. Make sure the fund is diversified (invests in many things) and is no load (doesn't charge you anything to get in). There is a lot more to investing than that, though. Can you speak to your parents, or someone you trust at school? The marketing and economics teacher maybe?
99145
You're a step ahead of most people.  By now, you have a good grasp of what you're spending money on.  Take a good hard look at how you're spending your money.  Some expenses are "fixed" - meaning they don't vary each month.  Some expenses are essential (food, gas, housing, etc), while others are not (morning latte, manicure, movie tickets, etc).  Take a look at where you can cut back on those "wants" rather than "needs" and you'll find that saving money is not that difficult.\n\nNow set some goals for how much you'd like to save.  Start each month by paying yourself, so to speak, and put money in your savings account in order to build a nest-egg.  Some people find that having money automatically withdrawn from their paycheck is the easiest way to "force" them to save.  \n\nYou may want to check out this cool calculator that can help you manage your budget:  http://www.fuzeqna.com/smcu/consumer/kbdetail.asp?kbid=1929\n\nYou might want to use a software program such as Quicken to help manage your finances and goals.  But the system isn't as important as the action.  You're on your way!
18357
To save for college start a 529 - http://www.529s.com\n\nTo start saving for a house, consider mutual funds or I Bonds.\n\nTo start a solid financial foundation start a whole life insurance policy - http://www.insuremylife.org
363507
The BEST way to save money is to save for something. Then it might actually happen. For example - I need to save money - so each pay I'll put away so much, with nothing specific. Next you'll have an emergency, or you'll use the money for gas, new dress, going out to dinner, pay a utility bill, etc.\n\nBut if you - Put money away for a new pair of imported Italian leather shoes I've always wanted - something specific - then you will probably put the money away, and leave it there until you reach the needed dollar amount to buy the shoes.\n\nI've used shoes, but it can be retirement, emergency funds, insurance, new house deposit, dream vacation, wedding ring, etc., etc.\n\nThe more specific the better. When it is specific, it is easier to rearrange - if you need to - like, gee I no longer need those expensive Italian shoes, mum got me a pair - I'll put the money towards my new house deposit, and so on.\n\nThat really is the best way - once you know what the money is for - it is easy to work out where to put it.\n\nI'm available fo further clarification if need be.\n\nGood luck
394092
try here: http://www.moneysupermarket.com/currentaccounts/\n\ntick on the Student & Young Person Accounts and see what it comes up with
1002519
The best thing I did to save money is own my own home.  It's paid off as well as any debts a person would normally have.  This has allowed me to have my paycheck for my own use.  I've built on to the house using money earned one week at a time.  To get like this I cook my own meals, bring my lunch, drink homemade tea instead of soda.  I shop carefully and buy used when I can.  I live well at 7.15 an hour part time.
1039711
I'd say stay home set the example and save money. The life style change can make you or break you. Try it if not move out the second semester.
124636
I am also a 27 year old female, and I've learned some harsh lessons about financial realities.  I'll share with you what worked for me.\n\nI have a binder full of lined paper.  On the first page of the binder I have a budget.  You may ask yourself, how does one create a budget?  \n\nThe way I did it was to first list the things I have a fixed amount I need to spend per month: Rent, Car payments, Magazine subscriptions, Car insurance.  Then I figured out how much I would need PER PAYCHECK to save for this (don't say per month - if you do this, you're setting yourself up for failure).  I need $400 per paycheck for rent, $200 for car, $50 for insurance, $5 for registration, etc.  ANYTHING you spend money on goes down on paper.\n\nNext, I put down the things I need, but that aren't fixed.  For instance, groceries, gas, car repair, health (SO very important to have a large reserve, as I recently found out).  I guess how much I'm going to spend on this per month.  Don't forget, that a budget is ALWAYS evolving.  You get raises, bonuses, and (hopefully not) pay cuts all the time, so be prepared.\n\nFinally, you need to have some money to yourself.  I seperated these into clothes, gifts, massage, and books for myself, but you can always change that around.  Put a fixed amount per check into these funds.\n\nHere's the most important part: RECORD what you're spending on the other sheets of paper.  If you buy a pair of shoes, that goes in the clothes budget.  If you buy a gallon of milk, that goes in the groceries budget.  I guarantee you'll be shocked by some of the purchases you make. (I was spending $500 on groceries for two people in a month - that's absurd.  I now REALLY watch what a shop for, and I make sure I'm not throwing things away because they got old - I use everything!)\n\nOk, now we're ready to set aside some money to save!  Generally people say to save 10% of your gross income.  With the above method, the car repair and health funds are sort of "oh no" accounts that you're not going to be touching unless you have a situation, so I count that as part of the 10%.  Aside from this, calculate 10% of your net income ($800 = $80) and have it direct deposited into a different account.  This should not be accessable by check OR atm card!!!!  Once you have about $2,000, you should be able to move it into a money market (some people call money markets "High Yield Savings Accounts") without having to pay any fees.  You'll earn about 2%-4%, depending on the rates at the time.\n\nDon't forget that you'll want to fund some sort of retirement account out of this!  Make sure you try to set asside the maximum possible into retirement accounts so you don't regret your misspent youth.  I'll let you know that I've done calucualtions that say I need 2 million (caluculating for inflation) dollars to retire at age 65.  Yes, that is $2,000,000.  I urge you to look for a program called "Smart Women Finish Rich" in your area.  You'll learn TONS from it, and hopefully be inspired to start saving money.
90613
You can do the follo\n1. Borrow money from parents or elders\n2. Approach financial institutes for special student loans and schemes\n3. Work temperory at call center or Mac Donalds\n4. Conduct private tutuion classes\n5. Win scholarships\n6. Save pocket money, dont be extrawagent, dont be fussy and choosy, concentrate on studies, avoid expensive things in college, avoid so called days, avoid spending money and time on gfrend/bfrend.\n\nGood luck.I believe that education is very expensive these days, esp engg. Even I am wanting to earn some money.\n\nAgain, Good luck.
69558
None.  Use a debit card, save money, invest.
566194
Could you provide a little more detail please? The approximate amount that you are short by?\n\n\n\nOne good way to start is to start saving. That sounds very obvious, but please hold on. In the US there is not much emphasis placed on saving, no one teaches you how to save. Small things go a long way, for example a coffee everyday costs you $100 a month depending on where you live: so dropping that habit saves $100! And its good for your health and heart. Smoking is another example, but unfortunately its harder to let go. \n\nSaving on fuel: try using the bus for medium distance commutes. Its not bad, trust me! I take the bus to work everyday. I get my commute done in $40 per month.\n\nYou pitched in to help your family, so its time for them to help you back. Don't hesitate to ask them to babysit your kid once in a while. That I believe saves a lot. If they don't, or if you think they are neglecting your kid, its time to break that parasitic relationship.\n\nTry looking for a job that permit you to work from home, so that you don't need a babysitter. Anything that involves typing for example. But beware of internet job sites, a majority of them are hoaxes. For example, the secret-shopping thing is a hoax 99% of the time. If an offer sounds too good to be true, it is probably not true. \n\nIf you have a kid old enough to do math, it is good idea for you and him/her to let him/her calculate your credit vs. debit everyday. Initially it may be cumbersome and more tiring than doing the darn thing yourself, but it pays off in the long run. Maybe you can ask him/her to sit down while you are cooking, and you recall today's expenses and earnings. He can enter them in two columns, add entries in each column and subtract to give nett daily savings. My mom did that to me :-)\n\nhttp://answers.yahoo.com/question/;_ylt=AtScV0GM2DTZVRGW1tmxxuYezKIX?qid=1006050319925\nlooks to be a professional answer.
1014448
I have found the best way of saving.  I was able to put away approximately $8000 in 18 months.  Look for www.sharebuilder.com.  Its an investment site.  You can purchase stock for $4.00, no matter how much stock you buy.  Do some research.  I chose companies based on the products i use in my daily life.  I found it be fun to save and also enjoyed shopping for new stocks.  The dividends usually pay better than any savings account, so give it a try.  It worked for me.
321852
60% for essentials (foods, clothes, books, stationery etc).\n30% for nice-to-have-stuff (Ipod, notebook, PDA, handphone).\n20% savings (unit trust, deposits, short-term certificates).\n\nDon't have to pay for tuition fee and accomodation, I'm under scholarship. \nTax? Exempted. Other liabilities: myself.\n\n=>
8339
Find safe investments through a reputable investment firm.  That way you'll make some money but you won't lose it.  If it's for college you probably want to hang on to at least what you have.