How Do You Save Money

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  • The Kraken
    BARRELED IN @ SBR!
    • 12-25-11
    • 28918

    #1
    How Do You Save Money
    Who here's on a budget? We've tried countless times and failed each time. Too much work for me. But if anyones done it successfully, how the hell did you stick to it? Was it pen and paper? Excel?

    I make a lot of money and spend a lot of money. I'm a comfort junkie and will spend money to be comfy, regardless if it's scarfs, beanies, gloves, warm socks, good food, $3k chair, vacations, fly fishing trips, the nicest gym in town etc.....

    So I'm curious how you all save money to see if I can implement it in my daily routine
  • TheMoneyShot
    BARRELED IN @ SBR!
    • 02-14-07
    • 28672

    #2
    Shop at Walmart

    Use a 2% cash back CC

    Buy things online - save state tax. 6% off every item

    Several things you can do.
    Comment
    • THam12
      SBR Posting Legend
      • 03-12-13
      • 12640

      #3
      Originally posted by TheMoneyShot
      Shop at Walmart

      Use a 2% cash back CC

      Buy things online - save state tax. 6% off every item

      Several things you can do.
      You still pay state tax on alot of things you buy online....
      Comment
      • jjgold
        SBR Aristocracy
        • 07-20-05
        • 388179

        #4
        life to short

        spend it

        Hard to save money unless you clear over $60,000 a year anyway
        Comment
        • The Kraken
          BARRELED IN @ SBR!
          • 12-25-11
          • 28918

          #5
          No WalMart in Seattle, Seattle is expensive as fukkf from the grocery store to rent. I could always move but like it here right now.

          But honestly even if there was WalMart here, I wouldn't shop there, Target is the lowest I will go. Like I said, I'm a comfort junkie and WalMart is uncomfortable for me. I would rather shop at Metro Market and spend twice as much on quality product and a nice atmosphere.

          I love the CC idea and already do that, we put a lot of money on our CC each month so it adds up. We usually use the CC with airline miles.

          WA doesn't have state tax, but I still buy stuff from Amazon when I can, groceries and household items included.

          Thanks for the input TMS
          Comment
          • The Kraken
            BARRELED IN @ SBR!
            • 12-25-11
            • 28918

            #6
            Originally posted by jjgold
            life to short

            spend it

            Hard to save money unless you clear over $60,000 a year anyway
            Ya, I guess that is likely true
            Comment
            • THam12
              SBR Posting Legend
              • 03-12-13
              • 12640

              #7
              Here's something I heard which seems very old school....
              Every time you come across a $5 bill.. Put it away.

              Regardless of when. If its in your pocket at end of day, save it in a box or something. Check after months or years or whatever to see how much you have saved without even really knowing it.


              Can also check into your banks round up program if they have it... Every time you purchase something, say its $4.65, they automatically transfer .35 to savings account for you to put away. Again, without even knowing it
              Comment
              • The Kraken
                BARRELED IN @ SBR!
                • 12-25-11
                • 28918

                #8
                Originally posted by THam12
                Here's something I heard which seems very old school....
                Every time you come across a $5 bill.. Put it away.

                Regardless of when. If its in your pocket at end of day, save it in a box or something. Check after months or years or whatever to see how much you have saved without even really knowing it.


                Can also check into your banks round up program if they have it... Every time you purchase something, say its $4.65, they automatically transfer .35 to savings account for you to put away. Again, without even knowing it
                Tham I love stuff like this. In reality, I could just login to online banking and tuck $5 away into my savings, but that's no fun. There is certainly a psychological element to what you're saying.

                Problem with me is I hardly use cash anymore.

                I went to the ATM the other day and had to ask my wife for the PIN
                Comment
                • TheMoneyShot
                  BARRELED IN @ SBR!
                  • 02-14-07
                  • 28672

                  #9
                  Originally posted by THam12
                  You still pay state tax on alot of things you buy online....
                  I do?

                  That's the businesses problem. Not mine.
                  Comment
                  • THam12
                    SBR Posting Legend
                    • 03-12-13
                    • 12640

                    #10
                    Originally posted by The Kraken
                    Tham I love stuff like this. In reality, I could just login to online banking and tuck $5 away into my savings, but that's no fun. There is certainly a psychological element to what you're saying.

                    Problem with me is I hardly use cash anymore.

                    I went to the ATM the other day and had to ask my wife for the PIN

                    I know. I was gonna try it but then remembered I don't use cash much...
                    Should see about the rounding up thing. It adds up quickly.
                    Comment
                    • THam12
                      SBR Posting Legend
                      • 03-12-13
                      • 12640

                      #11
                      Originally posted by TheMoneyShot
                      I do?

                      That's the businesses problem. Not mine.
                      Yes, for the most part. Sites usually add tax based on your state when you check out
                      Comment
                      • rake922
                        SBR Posting Legend
                        • 12-23-07
                        • 11692

                        #12
                        for every dollar I spend I put 1 dime onto a piece of tape. I then take that tape and eject it onto a seed on Friday
                        Comment
                        • TheMoneyShot
                          BARRELED IN @ SBR!
                          • 02-14-07
                          • 28672

                          #13
                          Originally posted by THam12
                          Yes, for the most part. Sites usually add tax based on your state when you check out
                          Well... some don't.

                          1. If you buy something inside your state... and it's shipped inside your state. By law... you must pay state tax.

                          2. If you buy something out of state.... as long as that business doesn't do business inside your state... they don't charge state tax.
                          Comment
                          • TheMoneyShot
                            BARRELED IN @ SBR!
                            • 02-14-07
                            • 28672

                            #14
                            Another example is Amazon.com

                            They never charged state tax before in Michigan. This change about 2 months ago. Too many people are buying all their household items at amazon... saving state tax.

                            Amazon has received threats from several states... including Michigan... to hold onto State Tax $

                            If every small business held onto everyone's state tax.... all 50 states... for the entire year... you know how much accounting goes into play? Laughable.
                            Comment
                            • Booya711
                              BARRELED IN @ SBR!
                              • 12-20-11
                              • 27329

                              #15
                              My work pays all my bills so luckily I don't have to worry about saving
                              Comment
                              • gauchojake
                                BARRELED IN @ SBR!
                                • 09-17-10
                                • 34117

                                #16
                                My wife siphons off money every month to various savings/mm/529 accounts in addition to the 401k I contribute to. I think the automatic savings plans are the way to go. The richest man in Babylon concept.
                                Comment
                                • vividjohn45
                                  SBR Hall of Famer
                                  • 11-21-10
                                  • 6331

                                  #17
                                  Originally posted by The Kraken
                                  Who here's on a budget? We've tried countless times and failed each time. Too much work for me. But if anyones done it successfully, how the hell did you stick to it? Was it pen and paper? Excel?

                                  I make a lot of money and spend a lot of money. I'm a comfort junkie and will spend money to be comfy, regardless if it's scarfs, beanies, gloves, warm socks, good food, $3k chair, vacations, fly fishing trips, the nicest gym in town etc.....

                                  So I'm curious how you all save money to see if I can implement it in my daily routine
                                  401k and on my w2. There is a line for irs to take extra money out of each check. Which is given back lump sum refund check. This works fine
                                  Comment
                                  • gauchojake
                                    BARRELED IN @ SBR!
                                    • 09-17-10
                                    • 34117

                                    #18
                                    Originally posted by vividjohn45
                                    401k and on my w2. There is a line for irs to take extra money out of each check. Which is given back lump sum refund check. This works fine
                                    If you hate money, do this.
                                    Comment
                                    • Vegas39
                                      BARRELED IN @ SBR!
                                      • 09-22-11
                                      • 30686

                                      #19
                                      Originally posted by gauchojake
                                      If you hate money, do this.
                                      Look at source he is same idiot that gave Opie his CC#
                                      Comment
                                      • VeggieDog
                                        SBR Hall of Famer
                                        • 02-21-09
                                        • 7214

                                        #20
                                        I quit drinking about three months ago. Saves me a bundle.
                                        Comment
                                        • El Nino
                                          SBR Posting Legend
                                          • 05-03-12
                                          • 18426

                                          #21
                                          Originally posted by vividjohn45
                                          401k and on my w2. There is a line for irs to take extra money out of each check. Which is given back lump sum refund check. This works fine
                                          Having the IRS take out money an give it back to you at the end of the year is extremely -EV. Pay tax now, get back money that is worth less and gained zero interest. Better off putting the money directly into a Roth IRA from your pay check. $211 a pay check should max out a Roth. Do that on top of maxing out your 401K and you will retire a multi-millionare.

                                          As far as ways to save money, quit going out to eat. People waste a ton of money doing that + the tip. You're paying 200-400% more for a meal you can make yourself in 30 min.
                                          Comment
                                          • gauchojake
                                            BARRELED IN @ SBR!
                                            • 09-17-10
                                            • 34117

                                            #22
                                            Originally posted by Vegas39
                                            Look at source he is same idiot that gave Opie his CC#
                                            Maybe that was the only option at the time to go PRO.
                                            Comment
                                            • Vegas39
                                              BARRELED IN @ SBR!
                                              • 09-22-11
                                              • 30686

                                              #23
                                              Originally posted by gauchojake
                                              Maybe that was the only option at the time to go PRO.

                                              Comment
                                              • Booya711
                                                BARRELED IN @ SBR!
                                                • 12-20-11
                                                • 27329

                                                #24
                                                Originally posted by Vegas39
                                                Look at source he is same idiot that gave Opie his CC#
                                                This can't be true??
                                                Comment
                                                • gauchojake
                                                  BARRELED IN @ SBR!
                                                  • 09-17-10
                                                  • 34117

                                                  #25
                                                  Originally posted by Booya711
                                                  This can't be true??
                                                  vegas remembers everything
                                                  Comment
                                                  • Booya711
                                                    BARRELED IN @ SBR!
                                                    • 12-20-11
                                                    • 27329

                                                    #26
                                                    Originally posted by gauchojake
                                                    vegas remembers everything
                                                    What's your SSN# Jaker? Thanks pal
                                                    Comment
                                                    • Hu$tle
                                                      SBR MVP
                                                      • 03-31-15
                                                      • 1365

                                                      #27
                                                      Trick/train yourself to hate to spend money. Best way to do this is have the self control not to spend it on luxuries, only necessities. If you cannot do it yourself, move it to an account where you will force yourself to never take it out of. Live frugal, buy bargain. Don't splurge, buy value. Feel free to spoil yourself once in a while but don't spoil all your hard earned money away.
                                                      Comment
                                                      • gauchojake
                                                        BARRELED IN @ SBR!
                                                        • 09-17-10
                                                        • 34117

                                                        #28
                                                        Originally posted by Booya711
                                                        What's your SSN# Jaker? Thanks pal
                                                        PM sent
                                                        Comment
                                                        • MoneyLineDawg
                                                          SBR Posting Legend
                                                          • 01-01-09
                                                          • 13253

                                                          #29
                                                          Just like trying to lose weight....moderation is key so that you don't feel too trapped that you can't sustain that lifestyle. Spend and have fun just cut down on the bullshit you don't really need

                                                          Just think if this or that purchase is worth it related to meeting your goal of saving....After a while it will become second nature and it adds up
                                                          Comment
                                                          • freeVICK
                                                            SBR Hall of Famer
                                                            • 01-21-08
                                                            • 7114

                                                            #30
                                                            Rent out a room if you have an extra one. Kinda sucks, but I'm single and going to save $10k a year. And my roommate is pretty cool
                                                            Comment
                                                            • The Kraken
                                                              BARRELED IN @ SBR!
                                                              • 12-25-11
                                                              • 28918

                                                              #31
                                                              Yep, i agree with you guys MLD and Hu$tle

                                                              Mind over matter

                                                              I've read a lot about addiction, and in some way, i can view my love of comfort and spendong money as an addiction.

                                                              And to piggyback off what you guys are saying, the most effective method to breaking an addiction is develop an aversion to the trigger, become averse to comfort or spending money.

                                                              But this is where I bcome conflicted, I love comfort and don't want to compromise, behaviour modification scares me. I don't want to become averse to luxuries because I enjoy them so much.

                                                              This stuff is a bit off topic because it ultimately leads to me confronting the real problem, which Im not looking to do.

                                                              Im just looking for fun things to try like saving all $5 bills and putting dimes on a strip of tape
                                                              Comment
                                                              • Booya711
                                                                BARRELED IN @ SBR!
                                                                • 12-20-11
                                                                • 27329

                                                                #32
                                                                Originally posted by The Kraken
                                                                Yep, i agree with you guys MLD and Hu$tle

                                                                Mind over matter

                                                                I've read a lot about addiction, and in some way, i can view my love of comfort and spendong money as an addiction.

                                                                And to piggyback off what you guys are saying, the most effective method to breaking an addiction is develop an aversion to the trigger, become averse to comfort or spending money.

                                                                But this is where I bcome conflicted, I love comfort and don't want to compromise, behaviour modification scares me. I don't want to become averse to luxuries because I enjoy them so much.

                                                                This stuff is a bit off topic because it ultimately leads to me confronting the real problem, which Im not looking to do.

                                                                Im just looking for fun things to try like saving all $5 bills and putting dimes on a strip of tape
                                                                Can't take the shit with you kraken so fukk it...enjoy it
                                                                Comment
                                                                • The Kraken
                                                                  BARRELED IN @ SBR!
                                                                  • 12-25-11
                                                                  • 28918

                                                                  #33
                                                                  to that Booya

                                                                  I believe moderation leads to balance, but moderation is like equilibrium in Chemistry, a state that is constantly re-achieved, never a state that is simply achieved and maintained.

                                                                  Point being, I agree with you and in my journey to reach moderation, or equilibrium, I tend to stray towards what you said. Aint taking none of it with me.

                                                                  I like the way you think

                                                                  No budgeters?
                                                                  Comment
                                                                  • The Kraken
                                                                    BARRELED IN @ SBR!
                                                                    • 12-25-11
                                                                    • 28918

                                                                    #34
                                                                    Originally posted by MoneyLineDawg
                                                                    Just like trying to lose weight....moderation is key so that you don't feel too trapped that you can't sustain that lifestyle. Spend and have fun just cut down on the bullshit you don't really need

                                                                    Just think if this or that purchase is worth it related to meeting your goal of saving....After a while it will become second nature and it adds up
                                                                    Theres a dozen or so guys here I hope to meet one day, you're high on my list
                                                                    Comment
                                                                    • Rich Boy
                                                                      SBR Hall of Famer
                                                                      • 02-01-09
                                                                      • 9714

                                                                      #35
                                                                      Earning money is easy but saving is difficult
                                                                      We live in a society that is obsessed with material goods but most of it is worthless

                                                                      Personally I'm not a big spender. I dont like to blow cash on pointless things. The things I do splurge on I want them to last ie. nice car, bike, TV etc.

                                                                      Things like vacations, expensive hotels, flying first class etc - those are things i like to cheap out on because the value is only short lived
                                                                      Comment
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