#AskMadamMoney: How Can I Save With Limited Money?

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Dear Madam Money,

I have been trying to save but it is so difficult when I barely have enough to pay my bills. How can I save with limited money for emergencies or opportunities?

Sincerely,

Desperately Seeking Savings! Athens, GA

Dear Desperately Seeking Savings,

It can be extremely difficult setting aside money when your bills takes a huge chunk or all of your paycheck. I find that most people use their current “Savings” Account incorrectly. In fact, what most believe is a “Savings” Account is actually what is called a “Side Piece” Account. #LetMeExplain

The video below will explain and give you some tips on how to #SaveSomethingSooner regardless of your financial situation.

Related Article: Madam Money on the Rickey Smiley Morning Show

Once you implement the tips in the video, you will find that you will always have accounts that will give you “want” as well as what you “NEED.”

What are some of your tips to Save with Limited Money?

Got Money Questions? #AskMadamMoney by emailing your questions to info@madammoney.com.