what should I do? and how should I do it? - SailNet Community
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post #1 of 18 Old 3 Days Ago Thread Starter
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Question what should I do? and how should I do it?

I'm planning on going on a sailing trip, but I need to rent a sailing boat, which seems to be pretty expensive so...
I just started to try and save money,
I got to tell you, it's hard!
I'm looking of new ways to save money and
I hope I've come to the right place! Any tips?
How are YOU doing it?
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Re: what should I do? and how should I do it?

Simple, I save money by not buying stuff.
Got cable TV? Cut the cord.
Buy lunch at work? Brown bag it.
Get your hair done? Do it yourself.
Throw left overs away? Put them in the frig for tomorrow.
Shop at yard sales for the items that you need, not want.
Nothing wrong with second hand clothes.

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And the trees are all keep equal by hatchet axe and saw...RUSH
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post #3 of 18 Old 2 Days Ago
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Re: what should I do? and how should I do it?

Stop drinking.
Stop smoking
Stop buying tickets
Stop buying expensive food
Stop buying stuff that will not save your life.

Many rich people got rich by spending less than many poor people.

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Re: what should I do? and how should I do it?

Got a cell phone? I spend $7.00 a month for service, Trac phone. I get calls, text and data. What is really great is they have deals where you can get double minutes and roll over.

Renting a big apartment? Down size.
Buy books? Go to the library. Oh, they also have CDs and DVDs FREE!!!!!!
Get your nails done? By now if I have to say what to do to save there is no hope for you.

Post how much you spend on what each month. If you are serious about saving the best place to start is to figure out where your money is going.

Many rich people got rich by spending less than many poor people. " If I could put this in flashing big red letters I would. That sentence is the key to financial security.

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And the trees are all keep equal by hatchet axe and saw...RUSH
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post #5 of 18 Old 2 Days Ago
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Re: what should I do? and how should I do it?

Follow the above advice.
Get out of debt and stay out of debt, no point trying to save money while paying interest on credit cards etc.
Decide what's important to you, don't try to keep up with the Jones's.
Go to a cash based system, easy with debit. If you don't have the money for it you probably don't need it.
Keep one credit card for emergency use only.
You can't have EVERYTHING! Once again decide what's important to you.
Don't leave your savings in the bank, start investing it right away and make something off it.
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post #6 of 18 Old 2 Days Ago
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Re: what should I do? and how should I do it?

All the above is damn good advice.

After you establish your plan/goals, pay yourself FIRST - start a high interest bearing savings account, etc. The earlier you start, the greater the return.
"The most powerful force in the universe is the power of compound interest" - Albert Einstein

With compound interest, it can work for you or against you.
Debt is a negative compounded REDUCTION; savings etc. is a positive compounded ADDITION - the difference between the two is a DOUBLE economic loss or gain.
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Last edited by RichH; 2 Days Ago at 11:09 AM.
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post #7 of 18 Old 2 Days Ago
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I have to say that I am impressed by all the helpful, intelligent answers to a less-than-intelligent question that I have a hunch was was just trolling....

Renting a sail boat is not expensive at all. If you really need to save money, never EVER buy a boat. Keep renting.
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Re: what should I do? and how should I do it?

Never pay non-deductible interest on a depreciating asset.
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post #9 of 18 Old 2 Days Ago
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Re: what should I do? and how should I do it?

Sail exclusively on other peoples' boats.
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post #10 of 18 Old 2 Days Ago Thread Starter
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Re: what should I do? and how should I do it?

Thanks guys for all your great advices! I guess it's time to make some changes in my life, not for the actuall purpose to get rich, that's not the point, but to live a healthier life in general! I love your positive attitude! thanks a lot!
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