What’s the best way to save money, when you have very little?
I have started an ingdirect savaings account, sell old CDs and books on Amazon and sell items at flea markets. How else can I make money or save extra money?

I’ve read that once I have a few hundred I should roll over my savings into a CD which will allow me to earn more interest. Good idea or do you have a better idea?
What’s the best way to save money, when you have very little?

I have started an ingdirect savaings account, sell old CDs and books on Amazon and sell items at flea markets. I already have a part-time job. How else can I make money or save extra money?

I’ve read that once I have a few hundred I should roll over my savings into a CD which will allow me to earn more interest. Good idea or do you have a better idea?

work. if you have a job, get another part time job.

File under : how to make extra money

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6 Responses

  1. mister_galager

    Work a second job if possible.

    Rather that tying money up in a CD, look into some online savings accounts. Some pay as much and some even more than CD’s but you can get to the money within 2-3 days instead of having to wait for a CD to mature.

    Check this link to some online savings accounts…

    http://www.emoneycentral.com/Savings-Money-Market-Accounts.1664.0.html
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  2. redgator40

    work. if you have a job, get another part time job.
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  3. Billie

    Selling old CDs and books is definitely going the right direction to make some extra money. Savings CDs are great for the short-term, but I would look into some other investments for the long-term. The best thing to do is to talk with a financial planner about options such as stocks, commodities, and many other things available.
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  4. yipzdu02

    If you use tobacco, quit cold turkey.
    References :

  5. buttons

    Sounds to me like you are doing a good job of coming up with ways to save money. When I am out and want to splurge on a say a Big Mac or Starbucks I take the price of what I want and instead of purchasing I save that amount. It has added up to a little and every little bit helps, right?

    Saving is hard and sacrificing to do it is even harder at times. But in a few years you will look back and realize not one thing that you gave up would have made your life better but, what you saved is a great reward.

    At least if you roll the savings over into a CD you do not have immediate access to it. And the temptation of dipping into your saving is gone. I am sure there may be better ideas out there but, if you are just getting started and only having a few hundred I would think the CD idea would be a great start.

    Congratulations on a great job so far. Good Luck.
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  6. pursepartyamber

    How about Purse Party?? Thats’ what I do for extra money and it’s great!
    References :

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