Aug 13, 2012 11:38 AM EDT

How Can I Save More Money: Real Answers From Regular People

How can I save more money? A million dollar question, currently being processed in the frontal lubes (part of the brain that does the thinking) of many of the new graduates and unemployed. However, one thing we at can agree with is that this is not an easy question to answer. Everyone has different spending habits as well as different wants and needs.

If you're a person who prefers True Religion Jeans at $330 a pair versus someone who is happy with a pair of Wrangler Jeans from their local Wal-Mart at $15.50 a pair, you both will require different methods of saving money.

The good thing is, here at JobsnHire, a lot of thinking went into this list. It was not easy, fights broke out, and blood was shed, but we got the job done. So here it is...

1: Decide how much you can afford to set aside.
The good thing about getting paid or simply coming across some extra funds is having the ability to put some of it away. Regardless, if your two-weeks' pay is $1000 or $4000, put a little aside. We recommended setting up a separate bank account with an entirely different bank so there is no confusion about the money or any attempts to spend out of the account.

Now, determining how much to save can be a problem all in itself. We recommend simply setting aside whatever you can. The reason for this is you are saving for the long haul, not for a pair of sneakers or a new dress. You are hoping to see your money grow in time. So in time, adding money to an already existing account will only help it increase in the years to come.

2: Depositing the same amount.
Now that you have figured out how much money to set aside the very first time you begin to start investing into that new savings account, let's remember something crucial; after much debate within our office, and from our own practices, we feel that it is best to set aside the same amount of money each time you add to your account. This is very important because with this practice you will be able to calculate just how much the account will be worth over a certain period of time.

Once you begin to make more money, you can increase the amount on how much you decide to invest into your personal account.

3: Sacrifice and knowing when to say no!
Lastly, do not be afraid to cut back and to sacrifice. Separating our wants from our needs requires a lot of discipline. Ever wonder how entertainers go broke? Unnecessary spending and impulse buying can really hurt someone's finances. Until you reach a level of financial security, it won't hurt to put something on layaway or to search for it at a later date. 

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