essay on save money

Essay on Saving Money

Students are often asked to write an essay on Saving Money in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Saving Money

Understanding the importance of saving.

Saving money is a crucial habit everyone should develop. It helps us prepare for unforeseen events, achieve financial goals, and secure our future.

Ways to Save Money

There are many ways to save money. You can start by setting a budget, cutting down on unnecessary expenses, and putting aside a portion of your income regularly.

Benefits of Saving Money

Saving money offers several benefits. It provides financial security, enables us to make big purchases, and contributes to a stress-free life.

In conclusion, saving money is a wise and beneficial practice. It leads to financial independence and a comfortable life.

Also check:

Paragraph on Saving Money

250 Words Essay on Saving Money

The importance of saving money.

Saving money is a vital life skill, especially for college students who are just beginning to navigate the financial world. Understanding the importance of saving and implementing it in daily life can pave the way for financial security and independence.

Why Save Money?

The primary reason to save money is to achieve financial security. Unpredictable life events, such as job loss, medical emergencies, or unexpected expenses, can create financial stress. Having a safety net in the form of savings can mitigate these risks. Moreover, savings can fund life goals like education, homeownership, or starting a business.

Strategies for Saving Money

Creating a budget is the first step towards saving. It helps to track income and expenses, revealing potential areas for cost-cutting. Next, establishing an emergency fund can provide a financial buffer against unforeseen circumstances. Investing is another powerful tool for saving. It allows money to grow over time, leveraging the power of compounding.

The Role of Discipline and Consistency

Saving money requires discipline and consistency. It’s important to regularly contribute to savings, even if the amounts are small. Over time, these small amounts can accumulate into significant savings. It’s also crucial to resist the temptation of unnecessary spending and to prioritize long-term financial goals.

In conclusion, saving money is an essential skill that can lead to financial security and the ability to achieve life goals. By budgeting, creating an emergency fund, investing, and practicing discipline and consistency, college students can lay a solid foundation for their financial future.

500 Words Essay on Saving Money

Introduction.

Money, the lifeblood of modern society, is a central aspect of our lives. Its management, particularly the act of saving, is a crucial skill to master. Saving money is not just about accumulating wealth; it’s a strategic practice that promotes financial security, fosters discipline, and cultivates a sense of responsibility.

The importance of saving money cannot be overstated. It provides a safety net during unexpected circumstances like medical emergencies, job loss, or sudden large expenses. In addition, it can help fund significant life events such as higher education, buying a house, or retirement.

Moreover, saving money can lead to financial freedom. It allows us to make investments that can generate passive income, ultimately leading to a more comfortable and secure future. It’s not just about having money; it’s about the freedom and peace of mind that come with it.

There are several strategies for saving money. The first step is to create a budget. This involves tracking income and expenses, setting financial goals, and allocating a certain portion of income towards savings. It’s advisable to follow the 50/30/20 rule, where 50% of income goes to needs, 30% to wants, and 20% to savings.

Another strategy is automating savings. By setting up automatic transfers to savings accounts, we can save money without even thinking about it. This not only ensures regular saving but also reduces the temptation to spend.

Investing is another powerful way to save. By investing in stocks, bonds, or real estate, we can grow our wealth over time. However, investing requires careful planning and understanding of the market.

The Psychological Aspect of Saving Money

Saving money is not just a financial act; it’s a psychological one. It requires discipline, patience, and the ability to delay gratification. It’s about making conscious decisions to forego immediate pleasures for long-term benefits.

The act of saving also fosters a sense of responsibility. It makes us more aware of our spending habits and encourages us to make smarter financial decisions. Moreover, it can boost our confidence and self-esteem, knowing that we are taking control of our financial future.

In conclusion, saving money is a vital skill that everyone should cultivate. It’s not just about accumulating wealth; it’s about ensuring financial security, gaining financial freedom, and fostering personal growth. By adopting effective saving strategies and understanding the psychological aspects of saving, we can make informed decisions that will benefit us in the long run. Remember, every penny saved is a step towards a more secure and prosperous future.

That’s it! I hope the essay helped you.

If you’re looking for more, here are essays on other interesting topics:

Essay on Pocket Money
Essay on Money Is the Root of All Evil
Essay on Money is Not Everything

Apart from these, you can look at all the essays by clicking here .

Happy studying!

Sample Essay on How to Save Money: How to Be in Good Funds When You Are a Student

Students are always looking for ways to save money. Some turn to part-time jobs while others resort to reducing their expenditure. This is a sample essay on how to save money that could inspire you to write a masterpiece on this issue.

The life of a college student is not as rosy as most people imagine it to be. Well, there are amazing parties and all sorts of fun things to do when in college, but that’s just it. Students have societal expectations to deal with. They have assignments and projects to deliver and exams to ace. This is no easy task since some of the courses in college are tough and ever-absent professors don’t make things easier as well. There is also the issue of student finances to deal with. Without a steady income, college students are forced to rely on student loans and funds from their parents to see out a semester. These funds, however, are not always enough and students are forced to turn to unorthodox means to make sure they have enough for their education. Students are forced to reduce their spending on certain items, and this usually comes with harsh consequences.

In an attempt to save more, students would resort to cheap meals or even skip some of them altogether. These cheap meals are usually very unhealthy, and the students miss out on the vital nutrients that are needed for healthy growth and development. Some of the cheap meals that students turn to in an attempt to save money include fast foods such as French fries and burgers. These meals are unhealthy, and their regular consumption has a bad impact on people’s health.

Cutting out on entertainment is another ‘luxury’ that students do away with to save money. Movies and music concerts cost money and students avoid them so as to save as much as they can. Some even avoid going out with their friends and spend most of their time in their rooms. Entertainment, however, is very important for the emotional development of a human being, and students are advised to take time for entertainment. A lack of entertainment among college students may cause depression and other emotional issues since all that the students will be thinking about is books and their academic assignments.

Students also turn to free software and applications so as to save money. These non-premium versions, however, come with a lot of bugs and students are at risk of virus attacks to the minimum.

Some would even terminate their gym membership to save money. Most colleges have gyms on campus, but they are usually in a poor state and that is why students visit gyms that are off campus. When times get tough, most students would terminate their membership so as to save as much as they can. Without working out, students get unhealthy, and this brings a lot of challenges.

Tough times call for tough measures. Students resort to the above-mentioned activities to save money, but these methods have some harsh consequences attached to them.

References:

Boatman, A., Evans, B., & Soliz, A. (2014). Applying the lessons of behavioral economics to improve the federal student loan programs: Six policy recommendations. Policy report written for the Lumina Foundation .
Buckley, A., Soilemetzidis, I., & Hillman, N. (2015). The 2015 student academic experience survey. The Higher Education Policy Institute and Higher Education Academy .
Duclos, R., & Khamitov, M. (2016). Is Cash Almighty? Effects of Hard vs. Soft Money on Saving/Investment Behavior.
Fagerstrøm, A., & Hantula, D. A. (2013). Buy it now and pay for it later: An experimental study of student credit card use. The Psychological Record , 63 (2), 323.
Garbinsky, E. N., Klesse, A. K., & Aaker, J. (2014). Money in the bank: Feeling powerful increases saving. Journal of Consumer Research , 41 (3), 610-623.
Karlan, D., & Linden, L. L. (2014). Loose knots: strong versus weak commitments to save for education in Uganda (No. w19863). National Bureau of Economic Research.
Thompson, S., Cross, W., Rigling, L., & Vickery, J. (2017). Data-informed open education advocacy: A new approach to saving students money and backaches. Journal of Access Services , 14 (3), 118-125.

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Essays About Money: Top 5 Examples and 6 Prompts

With money comes great power; however, power must always come with responsibility. Discover thought-provoking essays about money in our guide.

Money is everywhere. We use it to eat, drink, clothe ourselves, and get shelter, among many other uses. Nowadays, it is an undisputed fact that “money makes the world go round.” The earliest known form of money dates back to around 5,000 years ago ; trade was previously carried out using a barter system. However, over the centuries, more and more nations began implementing a currency system, and money has become more critical.

In the contemporary world, it seems to be “all about money.” However, it is important not to lose sight of what is important; we must maintain good physical and mental health and healthy relationships with the people around us. Money is necessary; it is just not the only thing necessary. To start your essay, read these examples to write insightful essays about money.

5 Top Examples On Essay About Money

1. essay on money by prasanna, 2. how money changed human history by jacob wilkins, 3. capitalism: money that make money by ernestine montgomery, 4. is money the most important thing by seth higgins.

5. An Introduction to Saving Money by Jeremy Vohwinkle

Writing Prompts For Essays About Money

1. good uses for money, 2. the “dark side” of money, 3. money’s role in history, 4. morality vs. money, 5. can money buy happiness, 6. how to save money.

“Imagine the world without money. We will eventually come to a point where we will be asking questions like “what’s the point of life”. Hope and goals are some of the important things that will keep a man going in life. Without any sense of achievement or motivation, there wouldn’t be any inventions or progress in the world. People work to get money and then people work harder to get more money. This cycle of life that keeps a man motivated and hopeful is one of the biggest advantages of the system of money”

This essay gives readers a general outlook on money and its advantages and disadvantages. It gives people equal opportunity to work for their dreams and motivates them to be productive members of society, while it also raises the question of greed. Money, without a doubt, has its positive and negative aspects, but it exists and is only becoming more critical.

“But the barter economy was flawed. There was no universal measure for determining the value of an item. It was all based on the subjective opinion of the individuals involved. And to make matters worse, the barter economy relied on both sides wanting something the other had to offer. Trade, therefore, could be sluggish and frustrating. Human beings needed something different, and money was the answer.”

Wilkins writes about how money revolutionized the way trade was conducted. The barter system involved trading any objects if both parties agreed to a deal, such as trading animal skins for fish or medicine for timber. However, the only measure of an item’s value was how much one party wanted it- both sides needed to have something the other wanted. The introduction of money allowed people to put a solid value on commodities, making trade easier.

“So, if you were to closely observe the dirty, disordered canvas of economic progress during the 20th and 21 st century, you should conclude that, for all its warts, capitalism has been the winner. It has sometimes caused pain; suffered from serious cycles; and often needed the clout of the state- such as we have seen from September 2008. It has also been quite resistant to sensible regulation. Even so, the basic institutions of capitalism have worked, not just in the US and the OECD (Organization for Economic Co-operation and development) nations, but also many developing countries, of which India is one.”

Albeit lengthy, Montgomery’s essay discusses the debate between socialism and capitalism, a topic of which money is at the core. Montgomery describes Karl Marx’s criticism of capitalism: all the money goes to a few people, not the workers. She believes these are valid to an extent and criticizes certain forms of capitalism and socialism. Neither capitalism nor socialism is perfect, but according to Montgomery, capitalism creates a better economy.

“Being the richest man in the world does not mean you are the happiest man in the world, although money can buy you happiness sometimes, but not always. If we could all appreciate the way life is, the fun, and the beauty I think the world would be better. If people weren’t power hungry maybe we’d have a lesser demand for money. Those people who is money hungry and power hungry need to relax. Money can’t buy you happiness. These individuals need to understand that.”

Higgins implores readers to remember that money is not the only thing people need in the world. He stresses the necessity of money, as it is used to pay for various necessary goods and services; however, he believes it is not a prerequisite for happiness. Material things are temporary, and there are other things we should focus on, like family and friends.

5. An Introduction to Saving Money by Jeremy Vohwinkle

“A financial emergency may take the form of a job loss, significant medical or dental expense, unexpected home or auto repairs, a hurricane or major storm, or something unthinkable, such as a global pandemic. The last thing you want to do is to rely on credit cards with their hefty interest fees or to be forced to take out a loan. That’s where your emergency fund can come in handy. Historically, the formula for an emergency account is to have enough readily available cash to cover three to six months of living expenses.“

Vohwinkle’s essay gives readers some suggestions on how to save more money. Most importantly, he suggests setting up an emergency fund, as all other saving techniques stem from there. He also suggests creating an automatic savings plan and cutting down on “spending leaks,” like buying coffee. You might also be interested in these essays about celebration .

In this essay, write about why money is necessary and the ways to use it for the greater good, and include ways in which it can be used (investing, donating, etc.). For each point, you make, be sure to explain why. Of course, this is entirely subjective; feel free to write about what you consider “good uses” for money.

On the other hand, money also has a negative side —research on money-related issues, such as taxpayer-funded corruption and trading of illegal goods. In your essay, explore this side of money and perhaps give solutions on how to stop these problems.

Money has played a progressively more important role throughout human history. Discuss the development of currency and the economy, from the barter system to the digital world we live in today. You need not go too in-depth, as there is a lot of ground to cover and many eras to research. Be sure to cite reputable sources when discussing history.

Many people warn of “selling your soul” for financial gain. In your essay, you can write about the importance of having solid values in this day and age, where money reigns supreme. What principles do you need to keep in mind? Explain how you can still value money while staying grounded; mention the balance between material needs and others.

As stated in Higgins’ essay, more people have begun to prioritize money over all else. Do you believe that money is truly the most important thing? Can it alone make you happy? Discuss both sides of this question and choose your position accordingly. Be sure to provide precise supporting details for a stronger argument.

Enumerate tips on how you can save money. Anything works, from saving certain things for special occasions to buying more food in the grocery rather than eating out. This is your opinion; however, feel free to consult online sources and the people around you for extra advice.

For help with your essays, check out our round-up of the best essay checkers .If you’re still stuck, check out our general resource of essay writing topics .

Martin is an avid writer specializing in editing and proofreading. He also enjoys literary analysis and writing about food and travel.

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Home — Essay Samples — Economics — Money — Saving Money: Approaches and Importance

Saving Money: Approaches and Importance

Categories: Money

About this sample

Words: 714 |

Published: Sep 5, 2023

Words: 714 | Pages: 2 | 4 min read

1. approaches to saving money, 2. the importance of saving money, 3. balancing saving and spending, 4. cultivating a savings mindset, conclusion: a secure and fulfilling future.

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How to cite page numbers in apa, what is accidental plagiarism, is summarizing books a good way to retain knowledge redditors weigh in, how to save money essay sample, example.

The first step people might take is recording their spending. It is a practical decision that allows for transparency and calculation. According to Better Money Habits, “Keep track of all your expenses—that means every coffee, household item and cash tip. Once you have your data, organize the numbers by categories, such as gas, groceries and mortgage, and total each amount. Consider using your credit card or bank statements to help you with this” (“Saving Money Tips – 8 Simple Ways to Save Money”). It might seem painstaking, but this process will help you to note how payments and purchases affect your balance, and savings ultimately.

Another important factor in saving money is creating a budget. This is usually done after reviewing all your transactions and what you need to use your money for in order to survive. As stated by America Saves, “Create a budget that you can stick to. Look at places you can cut back in order to pay down high-interest debt and save. Each week, check your finances to make sure you are staying within your budget” (Bryan, Katie). The most essential factor in creating a budget is knowing you can keep to it through the bumps on the road of your finances.

As an extension of your budget, you can create a plan for your spending. You can give exact percentages and figures. According to Better Money Habits, “Try to save 10 to 15 percent of your income. If your expenses are so high that you can’t save that much, it might be time to cut back. To do so, identify nonessentials that you can spend less on, such as entertainment and dining out, and find ways to save on your fixed monthly expenses” (“Saving Money Tips – 8 Simple Ways to Save Money”). It might be painful to slash out certain areas of your life you enjoy spending money on, but in order to save money, you have to sacrifice some of your desires in order to achieve your goals.

A useful tip in addition to the previously mentioned points is that you can save money with a certain item or items in mind. Sometimes focusing on a certain object of desire can work better for people in terms of saving money. According to Better Money Habits, “One of the best ways to save money is to set a goal. Start by thinking of what you might want to save for—perhaps you’re getting married, planning a vacation or saving for retirement. Then figure out how much money you’ll need and how long it might take you to save it” (“Saving Money Tips – 8 Simple Ways to Save Money”). Whether short-term or long-term, it is good to have a goal in mind while saving money.

Finally, prioritizing the way you spend and save money is a key element. According to The Balance, “Each individual will have slightly different priorities, but no matter what those priorities are retirement and your emergency fund will come first. After that, you can focus on your other goals and building wealth. Once you determine your priorities, you can create a chart or excel sheet that lets you track your progress on your goals” (Caldwell, Miriam). So, setting priorities is a nuance you should take into account while creating your spending and saving plans.

Looking back, we can say for certain that saving money is possible for the average citizen. However, there are certain ways you have to go about it: noting down your spending, making a budget, creating a plan for saving money, setting a savings goal for particular items, and figuring out your priorities.

Works Cited

“Saving Money Tips – 8 Simple Ways to Save Money.” Better Money Habits, Bank of America, 6 Sept. 2018, bettermoneyhabits.bankofamerica.com/en/saving-budgeting/ways-to-save-money.

Bryan, Katie. “Creating a Budget.” America Saves, americasaves.org/for-savers/make-a-plan-how-to-save-money/creating-a-budget.

Caldwell, Miriam. “How Should I Prioritize My Savings Goals?” The Balance, www.thebalance.com/how-should-i-prioritize-my-savings-goals-2386146.

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Financial Planning
Saving Money

12 Easy Ways To Save Money

Saving money can be easy when you find a method that suits your life

Establish a Budget

Treat savings like a bill.

Calculate Your Purchases by Work Hours

Set Up Savings Automatically

Budget your savings using cash envelopes, take advantage of company matches.

Eat Out Less

The Balance / Getty Images

For many people, saving money doesn’t come naturally. It may even seem like a daunting or impossible task depending on your level of disposable income. However, like other chores, the most challenging part about saving money is knowing how to start. Saving money can be a breeze when you find the method that works best for you. Learn some simple and effective money-saving tips that can help get you off to a great start toward reaching your savings goals.

Key Takeaways

The first step to saving money is creating a budget.
Creating realistic savings goals limits burnout and leads to more savings in the long run.
Other simple methods of saving money include downloading budgeting apps, waiting 24 hours before making a big purchase, and treating your savings contributions like a bill.
Making your savings automatic will ensure you always find money to save.

The first step to saving money is understanding where your money is going each month. “You can't start effectively saving money until you have a well-defined monthly budget ,” finance writer Chris Panteli told The Balance in an email interview. A budget puts you in control of your money. The trick is finding the one that’s right for you.

A proper budget should contain at least your monthly income, your fixed expenses, and an allocation of funds toward entertainment. There are many free budgeting tools and apps that can help you stay on track.

After your budget is set, a sure-fire way to save money is to treat your savings like a bill, said financial analyst Sophia Jones to The Balance in an email interview. “Whenever you get your pay, take out savings first and put it somewhere else, maybe in a high-yielding bank account. By doing so, you train yourself to consistently save, and practice living within your means while still having savings,” Jones said.

Calculate Your Purchases by Work Hours Instead of Cost

Thinking like a saver means thinking about the true cost of the things you buy and how many hours you will need to work to afford them. Start by taking the dollar amount of the item and dividing it by your hourly pay.

If you’re paid a salary and aren’t sure of your hourly rate, divide your annual salary by the number of weeks you work per year, then again by the number of hours you work each week. If you make $70,000 per year, your hourly rate is around $33.65 ($70,000 / 52 = $1,346 per week / 40 = $33.65 per hour).

For example, if you want to purchase a $48 shirt and you earn $12 per hour, ask yourself if buying it is worth the four hours you’ll have to work to pay for it.

Try the 24-Hour Rule

This is an easy and effective trick to help you save. When you see an item you think you need or want, don’t buy it right away. Instead, set a “24-hour” rule. Maybe you’ll buy it after all, or maybe you won’t. But at least you can give yourself more time to think it through.

One way to enforce the 24-hour rule when online shopping is to disconnect your debit or credit card from your browser or phone. Sometimes putting a little friction between you and that “Check Out” button is all it takes to cut down on impulse purchases.

“Habits work best when they happen in the background,” Catch CEO Kristen Anderson told The Balance via an email interview. Using smart defaults such as directing a percentage of your paycheck to a separate savings account will have you hitting your savings goals in no time.

Start Small

Anything is doable when it’s done in baby steps. Corey Noyes, a financial advisor at Balanced Capital, said, “Too many people stretch themselves too thin when they first try to save.” This can lead to frustration, discouragement, and eventually giving up your savings goals. The key is to “choose a manageable amount that doesn't cause you stress and set it on autopilot,” Noyes said.

According to a 2021 study by the MIT Sloan School of Management, people spend more money when they use a credit card rather than cash. However, if your spending habits prevent you from saving money, you can try using the envelope-budgeting method . After creating your monthly budget, use cash to separate your savings and each of your other expenses into envelopes. Once the envelopes are empty, you’re done for the month, and your savings are intact.

Open a Spend-and-Save Account

A spend-and-save account works by automatically helping you save the spare change left after making a purchase. It rounds up each debit-card transaction to the nearest dollar, then deposits the difference into your savings. Of course, to reach larger saving goals, you’ll need to supplement a spend-and-save account with a regimented budget, but you might be surprised how quickly your spare change piles up.

Many companies offer employee incentives by matching a certain percentage of the money you save in retirement plans such as your 401(k). This means that for every dollar you save, they will give you an extra dollar, hence the match. So if you’re not taking advantage of your employer match, you are leaving free money on the table.

The IRS allows 401(k) participants to take a penalty-free loan from their 401(k) plan of up to $50,000 when buying their first home.

Pretend Your Windfalls Don’t Exist

When you need an easy way to save money, setting aside a windfall of extra cash needs to be a “no brainer.” Whether the money comes from a work bonus, bingo winnings, or tax refund, commit to adding it to your savings and pretend like it doesn’t exist.

Shop on Wednesdays

Why is Wednesday unique? “When most grocery shops start their new bargains on Wednesdays, customers typically get early access to the latest deals and special offers,” financial analyst Steve Wilson told The Balance in an email interview. “Additionally, shops occasionally accept coupons from the prior week,” Wilson added.

Commit To Eating Out One Day Less Each Week

If you enjoy eating out, you don’t have to give it up. Instead, just commit to cutting back. For example, suppose you spend at least $15 per day eating out five days a week. That quickly adds up to $300 a month. However, if you cut back even one day a week, you’ve just found $60 a month to add to your savings.

The Bottom Line

There are many benefits to saving money, and the reasons for saving are different for everyone. While consistently putting money aside can be a challenging habit to start, the trick is finding a few saving methods that resonate with you and your lifestyle.

Frequently Asked Questions (FAQs)

Why is it important to save money.

Saving money is more than important—it’s a necessity. Your savings can give you peace of mind by helping you avoid turning to credit cards or accumulating debt when unexpected expenses pop up. Saving money can also allow you to achieve financial and personal goals such as buying a house. On top of that, saving money can help you grow your money through the power of compound interest .

How much money should I save each month?

The popular 50/30/20 budgeting method suggests using 20% of your income as a guideline for savings. Initially, you can allocate that money toward your emergency fund until you save three to six months' worth of expenses. After that, you can begin putting the money toward other financial goals.

How much do I need to save to buy a house?

When you’re preparing to buy a house, it's a good idea to save around 25% of the purchase price in cash to cover a down payment, closing charges , and relocation expenses. For example, if you buy a property for $300,000, you may end up paying more than $75,000 to cover the down payment and all of the various closing costs. That said, if you are a first-time homebuyer, you can buy a home with a down payment as low as 3.5% of the home’s value.

IRS. “ Retirement Topics - Plan Loans .”

Department of Housing and Urban Development. “ Let FHA Loans Help You .”

Essay On Saving Money For Students

In this essay, we will discuss the importance of saving money and some useful tips to save money efficiently.

Essay About Saving Money

Introduction:

Money is an essential commodity that is required for daily survival. It helps to fulfill our basic needs and wants, but we cannot deny the fact that managing money can be quite challenging. Many people struggle to save money and end up spending more than they earn. Saving money is an important habit that should be cultivated from a young age. In this essay, we will discuss the importance of saving money and some useful tips to save money efficiently.

Importance of Saving Money:

Saving money is important for several reasons. Firstly, it helps to create a financial safety net. It ensures that we have money in case of emergencies like medical emergencies, unexpected home repairs, or job loss. Secondly, saving money can help us achieve our long-term goals like buying a house, car, or going on a vacation. It is essential to have a savings plan in place to accomplish these goals. Lastly, saving money can provide financial stability and reduce financial stress.

Useful Tips to Save Money:

Here are some useful tips that can help you save money:

Create a budget: Creating a budget is the first step towards saving money. A budget helps you track your income and expenses, and it enables you to identify areas where you can cut down your expenses.
Set a savings goal: Setting a savings goal helps you stay motivated and focused. It can be a short-term goal like saving for a vacation or a long-term goal like saving for retirement.
Avoid unnecessary expenses: Avoiding unnecessary expenses is crucial when it comes to saving money. Evaluate your expenses regularly and eliminate anything that is not necessary.
Shop smartly: Shopping smartly is an excellent way to save money. Look for deals, use coupons, and compare prices before making a purchase.
Save automatically: Saving automatically is an excellent way to ensure that you save money consistently. You can set up automatic transfers from your checking account to your savings account.

Conclusion:

Saving money is not an easy task, but it is crucial for financial stability and achieving long-term goals. By following the tips mentioned above and cultivating good financial habits, you can save money efficiently. Remember, it’s never too late to start saving, so start today and secure your financial future.

Hello! Welcome to my Blog StudyParagraphs.co. My name is Angelina. I am a college professor. I love reading writing for kids students. This blog is full with valuable knowledge for all class students. Thank you for reading my articles.

Strategies to Save and Protect Money Essay

Accounting for income and expenses will help me correctly understand where the money goes and optimize spending. This can be done either manually, by making notes in a notebook, or with special applications for a personal computer or phone. Thus, the main points of expenditure will be clearly marked, which will help to exclude the purchase of unnecessary goods and services (Office of Investor Education and Advocacy, 2022). Consequently, the process of accumulating and saving money will be significantly simplified.

The second strategy is to set aside at least 15% of the salary for storage or investment. This approach will allow me to adhere to a clear rule, which in the long run will help to save and protect funds. In order to start implementing these strategies, it is necessary to determine the main purpose of savings, as this is an essential aspect of motivation. Prioritization will simplify the task of saving money in the long term.

At the moment, I would rate the degree of my investment risk as moderate. This is manifested in the fact that I realize that it is necessary to competently diversify my portfolio so that the number of high-voltage stocks is not too high. Consequently, most of the attention is paid to slow, conservative growth. However, in addition to this, it is permissible to allocate part of the funds for high-risk projects that may not justify themselves in the future. Given the current situation, looking in the long term is necessary, so stability is a priority for me, although it is limited by insignificant growth.

In order to be able to invest and save money while taking into account the payment of bills and the cost of living, it is necessary to adhere to a number of strategies. Therefore, they consist in highlighting the main items of expenditure that are important for the realization of basic needs. Thus, the rest of the income can be allocated for savings and investments.

Office of Investor Education and Advocacy. (2022). Saving and investing: A roadmap to your financial security through saving and investing . U.S. Securities and Exchange Commission.

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8 simple ways to save money

Saving is easier when you have a plan—follow these steps to create one

Read, 4 minutes

Sometimes the hardest thing about saving money is just getting started. This step-by-step guide can help you develop a simple and realistic strategy, so that you can save for all your short- and long-term goals.

Record your expenses

The first step to start saving money is figuring out how much you spend. Keep track of all your expenses—that means every coffee, household item and cash tip as well as regular monthly bills. Record your expenses however is easiest for you—a pencil and paper, a simple spreadsheet or a free online spending tracker or app. Once you have your data, organize the numbers by categories, such as gas, groceries and mortgage, and total each amount. Use your credit card and bank statements to make sure you’ve included everything.

Bank of America clients can access the Spending & Budgeting tool in Mobile and Online Banking to automatically categorize transactions for easier budgeting.

Include saving in your budget

Now that you know what you spend in a month, you can begin to create a budget . Your budget should show what your expenses are relative to your income, so that you can plan your spending and limit overspending. Be sure to factor in expenses that occur regularly but not every month, such as car maintenance. Include a savings category in your budget and aim to save an amount that initially feels comfortable to you. Plan on eventually increasing your savings by up to 15 to 20 percent of your income.

Find ways to cut spending

If you can’t save as much as you’d like, it might be time to cut back on expenses. Identify nonessentials, such as entertainment and dining out, that you can spend less on. Look for ways to save on your fixed monthly expenses, such as your car insurance or cell phone plan, as well. Other ideas for trimming everyday expenses include:

Search for free activities

Use resources, such as community event listings, to find free or low-cost entertainment.

Review recurring charges

Cancel subscriptions and memberships you don’t use—especially if they renew automatically.

Examine the cost of eating out vs. cooking at home

Plan to eat most of your meals at home, and research local restaurant deals for nights that you want to treat yourself.

Wait before you buy

When tempted by a nonessential purchase, wait a few days. You may realize the item was something you wanted rather than needed—and you can develop a plan to save for it.

Set savings goals

One of the best ways to save money is to set a goal . Start by thinking about what you might want to save for—both in the short term (one to three years) and the long term (four or more years). Then estimate how much money you’ll need and how long it might take you to save it.

Common short-term goals: Emergency fund (three to nine months of living expenses), vacation or down payment for a car

Common long-term goals: Down payment on a home or a remodeling project, your child’s education or retirement

Set a small, achievable short-term goal for something that’s fun and goes beyond your monthly budget, such as a new smartphone or holiday gifts. Reaching smaller goals—and enjoying the reward you’ve saved for—can give you a psychological boost, making the payoff of saving more immediate and reinforces the habit.

Determine your financial priorities

After your expenses and income, your goals are likely to have the biggest impact on how you allocate your savings. For example, if you know you’re going to need to replace your car in the near future, you could start putting away money for one now. But be sure to remember long-term goals—it’s important that planning for retirement doesn’t take a back seat to shorter-term needs. Learning how to prioritize your savings goals can give you a clear idea of how to allocate your savings.

Pick the right tools

There are many savings and investment accounts suitable for short- and long-term goals. And you don’t have to pick just one. Look carefully at all the options and consider balance minimums, fees, interest rates, risk and how soon you’ll need the money so you can choose the mix that will help you best save for your goals.

Short-term goals

If you’ll need the money soon or need to be able to access it quickly, consider using these FDIC-insured deposit accounts:

A savings account
A certificate of deposit (CD) , which locks in your money for a fixed period of time at a rate that is typically higher than that of a savings account

Long-term goals

If you’re saving for retirement or your child’s education, consider:

FDIC-insured individual retirement accounts (IRAs) or 529 plans, which are tax-efficient savings accounts
Securities, such as stocks or mutual funds. These investment products are available through investment accounts with a broker-dealer 1

Make saving automatic

Almost all banks offer automated transfers between your checking and savings accounts. You can choose when, how much and where to transfer money or even split your direct deposit so that a portion of every paycheck goes directly into your savings account. The advantage: You don’t have to think about it, and you’re less likely to spend the money instead. Other easy savings tools include credit card rewards and spare change programs, which round up transactions to the nearest dollar and transfer the difference into a savings or investment account.

With Mobile & Online Banking, Bank of America clients can easily set up automatic transfers between accounts.

Watch your savings grow

Review your budget and check your progress every month. That will help you not only stick to your personal savings plan, but also identify and fix problems quickly. Understanding how to save money may even inspire you to find more ways to save and hit your goals faster.

1 Remember that securities are not insured by the FDIC, are not deposits or other obligations of a bank and are not guaranteed by a bank. They are subject to investment risks, including the possible loss of your principal.

The material provided on this website is for informational use only and is not intended for financial or investment advice. Bank of America Corporation and/or its affiliates assume no liability for any loss or damage resulting from one’s reliance on the material provided. Please also note that such material is not updated regularly and that some of the information may not therefore be current. Consult with your own financial professional when making decisions regarding your financial or investment management. ©2024 Bank of America Corporation.

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Mobile Banking requires that you download the Mobile Banking app and is only available for select mobile devices. Message and data rates may apply.

The Spending & Budgeting tool is currently available to clients with a personal checking or savings account, credit card, a linked Merrill investment account, as well as a Small Business checking or savings account.

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Student Essays

Essays-Paragraphs-Speeches

Essay on Importance of Saving Money

Essay on Importance of Saving Money for Students

People often fail to realize the importance of saving money. They think that they will get enough time in their lives to save and invest their money for future use. But according to me, it is better we start investing our money from an early age itself because we can see a glimpse of inflation when we are in our teens.

Inflation has been increasing year by year. If the inflation is there then it should be checked by putting some of our money in the bank rather than spending them on useless stuff which may not have worth in future.

When we are young, parents or elder people teach us to save or put some money for future use . People often think that its better to invest money in business so that they can earn more money.

But first of all a person should try to save as much as possible because if we have money saved in bank no one can take it away from us . Even the Government cannot take our hard earned money from us. So people should start saving as early as possible.

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Saving money is not as difficult as you think. In fact, it can be easy once you decide what your needs and wants are. You also have to figure out where your money goes and find ways of saving money daily. For example: Do you go out with friends frequently?

Then, one of your wants would be going to a bar or restaurant with friends. Perhaps, you can cut down on spending money by inviting them over for dinner.

Don’t let the fact that saving money takes time stop you from doing it. Money doesn’t have to be saved in a bank either. Use calculators online and determine how much you can save each day. Once you reach your savings goal, put the money in a safe place like under the mattress or in an old shoe. You don’t want to lose it or spend it all at one go.

One of the best ways to save money would be by creating a budget plan . It will help you see where your money goes and where you can cut down on spending. You can even use budgeting apps to track your expenses and learn how much money is spent per week. This will allow you to see your progress as well as keep a close eye on what money is going out and coming in each week or month.

After you cut down on spending, you can learn how to save money on gas and transportation . This will help you get more mileage out of your car which means more savings for you. You will also need to learn ways of saving money at home such as using coupons when shopping or making food from scratch instead of buying it.

Saving money is a skill that takes time and effort. However, it is a skill that you will need to learn even as an adult. It is one of those skills that can make all the difference in the world when it comes to your financial future and well-being .

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Saving money is important because it allows you to build wealth . Wealth, in turn, helps you make more money. Saving provides a cushion for emergencies that come up with regularity. And finally, saving money is one of the factors that determines how wealthy you are or will become.

Essay on advantages of Saving Money:

Saving money is a skill that every student should learn. It may seem difficult at first, especially with the many expenses that come with being a student, but it’s a habit that will benefit you in the long run. In this essay, we will discuss the advantages of saving money for students.

Firstly, saving money teaches students financial responsibility. As young adults, it’s important to learn how to manage money and make smart financial decisions. By saving money, students become more aware of their spending habits and learn to prioritize their needs over wants. This skill will prove valuable in the future when they start earning and have more financial responsibilities.

Moreover, saving money can lead to financial security. As students, we all know how unpredictable life can be. Unexpected expenses can arise at any moment, be it a medical emergency or an urgent trip home. By having savings, students are prepared for such situations and won’t have to rely on others for financial help. This sense of security can bring peace of mind and reduce stress levels.

Another benefit of saving money is the ability to achieve long-term goals. As a student, you may have dreams of traveling, buying a car, or owning a home. These goals may seem out of reach, but by saving money consistently, you can make them a reality. It’s important to set aside a portion of your income for savings and watch it grow over time. This will give you the financial freedom to pursue your dreams and aspirations without having to worry about the cost.

Saving money also allows students to have a safety net in case of unforeseen circumstances. Life can throw unexpected challenges our way, and having savings can provide a buffer during tough times. Whether it’s losing a job or facing a sudden financial setback, having an emergency fund can help you get through the difficult situation without falling into debt.

Lastly, saving money instills discipline and patience in students. In today’s fast-paced world, instant gratification is the norm. However, by saving money, students learn to delay gratification and work towards a long-term goal. This discipline and patience can also extend to other areas of life, such as academic pursuits and personal relationships.

Essay on Importance of Saving Money For Students:

Saving money is a crucial aspect of our lives, and students are no exception. It may seem like a daunting task for students to save money while juggling their studies and other expenses. However, it is essential for students to understand the importance of saving money and learn how to manage their finances early on.

Firstly, saving money helps in building financial stability. With the rising cost of education and living expenses, students often find themselves in a financial crunch. By saving a percentage of their income or allowance regularly, students can create a reserve fund that can be used during emergencies or for future investments.

Moreover, learning to save money teaches students the value of budgeting and spending wisely. It encourages them to differentiate between their needs and wants and prioritize their expenses accordingly. This skill is crucial in the long run, as it helps students become financially responsible adults.

Saving money also allows students to pursue their dreams and aspirations without being hindered by financial constraints. Many students have big goals, such as studying abroad or starting a business, but they often give up on them due to lack of funds. By saving money, students can make these dreams a reality.

Another significant advantage of saving money is that it instills a sense of security and independence in students. It gives them the freedom to make their own financial decisions and not rely on others for financial assistance.

In conclusion, saving money is crucial for students as it not only helps in building financial stability but also teaches valuable life skills. By encouraging students to save money, we are setting them up for a financially secure and independent future. So, let’s start cultivating the habit of saving money in students from an early age.

Essay on Pocket Money, Advantages and disadvantages:

Pocket money, otherwise known as allowance, is a small amount of money that is given to children by their parents on a regular basis. The purpose of pocket money is to teach children the value of money and how to manage it responsibly.

There are several advantages of giving pocket money to children. Firstly, it helps them develop financial literacy skills at an early age. By receiving allowance, children learn the concept of budgeting and saving, which are essential skills for managing their finances in the future.

Secondly, it gives them a sense of independence and responsibility as they have to make decisions on how to spend their money wisely. This also helps in building their confidence and decision-making abilities.

On the other hand, there are some disadvantages of giving pocket money to children. One of the main concerns is that it may lead to overspending and wastage of money. It is important for parents to set guidelines and limitations on how much pocket money should be spent in a week or month.

Another disadvantage is that children may become materialistic and start valuing money over other important things in life such as relationships, education, and experiences.

In conclusion, pocket money has both advantages and disadvantages. It is important for parents to strike a balance by providing enough allowance to teach their children financial management skills while also setting boundaries to avoid any negative consequences. So, it can be said that pocket money is a useful tool in teaching children about the value of money and preparing them for their future financial responsibilities.

Why do we need to save money:

1. To Prepare for Emergency Situations

Saving money is crucial because life can be unpredictable. Emergencies such as medical bills, job loss, or unexpected home repairs can strike without warning. If you don’t have any savings to fall back on, you may find yourself in a difficult and stressful situation. Having some money set aside can provide peace of mind and help you navigate through tough times.

2. To Achieve Financial Goals

Whether you dream of buying a new home, traveling the world, or starting your own business, saving money is necessary to achieve your financial goals. Without savings, it will be challenging to make these dreams a reality. Saving money allows you to have the funds available when opportunities arise and gives you the freedom to pursue your passions.

3. To Create a Safety Net for Retirement

Retirement may seem far away, but it’s never too early to start saving for it. The earlier you begin to save, the more time your money has to grow through compound interest. By saving money now, you are setting yourself up for a comfortable retirement where you won’t have to worry about financial constraints.

4. To Build Wealth and Financial Stability

Saving money doesn’t just help with short-term goals; it also plays a critical role in long-term wealth-building. By saving regularly, you can accumulate a significant amount of money over time. This financial stability will provide security and freedom for you and your family in the future.

5. To Avoid Debt

Many people fall into debt because they live beyond their means and don’t save for unexpected expenses. By saving money, you can avoid taking on high-interest loans or using credit cards to cover emergencies. Instead of owing money, you will have the funds readily available to handle any financial curveballs that come your way.

So, there you have it – five essential reasons why we need to save money. It’s never too late to start, and every little bit counts. Whether you begin by setting aside a small percentage of your income each month or cutting back on unnecessary expenses, saving money will benefit you in so many ways

Short Essay on Importance of saving money for future:

We all know that saving money is important for our future. But why exactly is it so important? Well, firstly, saving money allows us to have a financial cushion in case of emergencies or unexpected expenses. It gives us a sense of security and helps us avoid getting into debt.

Moreover, saving money also allows us to achieve our long-term goals and aspirations. Whether it’s buying a house, starting a business or traveling the world, having saved money will make it more feasible and less stressful.

Another important aspect of saving money is that it helps us develop good financial habits. By setting aside a portion of our income regularly, we become more disciplined with our finances and learn to budget effectively. This can lead to better financial management and ultimately, financial stability.

Saving money also gives us a sense of freedom and independence. It allows us to make choices without being limited by our financial situation. We can pursue opportunities that require some financial investment, like further education or investing in stocks, without worrying about the immediate impact on our daily expenses.

Lastly, saving money also ensures a better future for ourselves and our loved ones. It provides a safety net during retirement or in case of illness. It also allows us to leave behind an inheritance for our children or donate to causes we care about.

In conclusion, saving money may seem like a small and insignificant action, but it has far-reaching benefits for our present and future selves. It’s never too early to start saving, so let’s all make it a priority

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Q: What is the importance of saving money?

A: Saving money is important for financial security, achieving goals, and handling unexpected expenses.

Q: Why is it important for students to save money?

A: It teaches financial responsibility, helps in emergencies, and enables students to plan for their future.

Q: What are 5 benefits of saving money?

A: Benefits of saving money include financial security, achieving goals, reduced stress, the ability to invest, and independence.

Q: What is the most important way to save money?

A: The most important way to save money is to create a budget and consistently track and control your spending.

Reader Interactions

How To Save Money Essay

There are many ways to save money, and it all starts with knowing where your money is going. One way to do this is to track your spending for a month and see where you can cut back. Maybe you can pack your lunch instead of buying it every day, or cut back on nights out. Once you know where your money is going, you can start to make changes to save.

Another way to save money is to make more of it. If you can find ways to increase your income, you’ll have more money to put towards savings. This could mean getting a better paying job, picking up side hustles, or finding creative ways to generate additional income.

Once you have a handle on your spending and income, you can start to put your money towards savings. One way to do this is to create a budget and make sure you are automatically transferring a fixed percentage of your income into savings each month. This will help you make headway on your long-term financial goals.

Another way to save money is to take advantage of discounts and deals. This could mean using coupons, shopping clearance items, or looking for sales. By being mindful of where you spend your money, you can save a significant amount over time.

Finally, one of the best ways to save money is simply to have a plan. If you know what you want to save for and have a timeline in mind, it will be much easier to stay on track.

In today’s economy, the costs of a variety of items and services are continuously rising. Money is becoming more difficult to earn. As a result, many individuals are looking for methods to save money. In my opinion, as a housewife, I believe saving money at home is one of the finest methods to save money. We can do it according to our monthly salary if we have a lot or little money.

There are a variety of methods to save money at home. One method is to reduce the number of times we eat out. Instead, we can cook more meals at home. This will not only save us money, but it will also be healthier for us as we will know exactly what ingredients are going into our food. Furthermore, another way to save money at home is by reducing the amount of energy we use.

We can do this by turning off lights when we leave a room and unplugging appliances that are not in use. Additionally, we can lower our thermostat in the winter and raise it in the summer to save on our energy bill. Finally, an easy way to save money that many people often overlook is by couponing. There are many websites and blogs dedicated to couponing which can provide us with coupons for a variety of items, ranging from food to clothes.

Saving money is important to everyone in today’s economy. By making small changes in our everyday lives, we can easily save money without noticing it. These changes will not only help us save money, but they will also help us become more financially stable in the long run.

To begin with, the standard of living is higher for those who have a high income. They utilize several appliances that might be costly for them, such as a television, refrigerator, and air conditioner…. Saving money on their energy bills is one of the finest ways to decrease their house expenses.

There are a few ideas to accomplish this, such as turning off lights when leaving a room, unplugging electronics when not using them, and utilizing natural light during the daytime. Homeowners can also save money by making their home more energy-efficient. This can be done by ensuring that doors and windows are properly sealed, adding insulation to the attic, and installing energy-efficient appliances… Another way to save money is by carpooling with friends or coworkers.

This will help to split the cost of gas, as well as wear and tear on the vehicle. Public transportation is also an option for those who do not have a car, or live close enough to their job or school. Additionally, eating out less often is a great method to save money.

Home-cooked meals are not only less expensive, but often healthier as well. Those who are looking to save money should also avoid impulsive purchases, and stick to a budget. Finally, one of the best ways to save money is by setting aside some cash each month into a savings account. This will help to build up a financial cushion in case of an emergency, or for future goals such as a down payment on a house or retirement.

They must spend a substantial amount of money each month on water, electricity, and gas bills. To lower monthly payments, they must reduce the amount of energy used at home. They should minimize the temperature in their refrigerator and air conditioner as much as possible. Don’t open fridge doors for longer than absolutely necessary. Use only the washing machine when there is a full load and set it to the warm or cold water setting rather than hot to wash economically in a clothes washer.

When taking showers, avoid letting the water run for a long time while shampooing or soaping up. Install low-flow showerheads to save water and energy. To lower heating costs in winter, wear sweaters and other warm clothing inside the house instead of turning up the thermostat. In addition, they should make sure their home is well insulated to minimize heat loss.

They can also save money by eating out less often. Instead of dining in restaurants, they can cook meals at home using budget-friendly ingredients. They can also save money on groceries by buying in bulk or taking advantage of sales and discounts. Another way to save money is to reduce entertainment expenses. Instead of going to the movies or out for drinks, they can stay in and watch TV or play board games.

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Essay on Money for Students and Children

500+ words essay on money.

Money is an essential need to survive in the world. In today’s world, almost everything is possible with money. Moreover, you can fulfill any of your dreams by spending money. As a result, people work hard to earn it. Our parents work hard to fulfill our dreams .

Furthermore various businessmen , entrepreneurs have startup businesses to earn profits. They have made use of their skills and intelligence in getting an upper hand in earning. Also, the employee sector works day and night to complete their tasks given to them. But still, there are many people who take shortcuts to success and get involved in corruption.

Black Money

Black money is the money that people earn with corruption . For your information corruption involves the misuse of the power of high posts. For instance, it involves taking bribes, extra money for free services, etc. Corruption is the main cause of the lack of proper growth of the country .

Moreover, money that people having authority earns misusing their powers is black money. Furthermore, these earnings do not have proper documentation. As a result, the people who earn this do not pay income tax . Which is a great offense and the person who does this can be behind bars.

Money Laundering

In simple terms, money laundering is converting black money into white money. Also, this is another illegal offense. Furthermore, money laundering also encourages various crimes. Because it is the only way criminal can use their money from illegal sources. Money laundering is a crime, and the people who practice it are liable to go to jail.

Therefore the Government is taking various preventive measures to abolish money laundering. The government is linking bank accounts to AADHAR Card. To get all the transaction detail of each bank account. As a result, the government comes to know if any transaction is from an illegal source .

Also, every bank account has its own KYC (Know your Customer) this separates different categories of income of people. Businessmen are in the high-risk category. Then comes the people who are on a high post they are in the medium-risk category. Further, the last category is of the Employee sector they are at the lowest risk.

Get the huge list of more than 500 Essay Topics and Ideas

White Money

White money is the money that people earn through legal sources. Moreover, it is the money on which the people have already paid the tax. The employee sector of any company always has white money income.

Because the tax is already levied on their income. Therefore the safest way to earn money is in the employment sector. But your income will be limited here. As a result, many people take a different path and choose entrepreneurship. This helps them in starting their own company and make profitable incomes .

Every person in this world works hard to earn money. People try different methods and set of skills to increase their incomes. But it is always not about earning money, it’s about saving and spending it. People should spend money wisely. Moreover, things should always be bought by judging their worth. Because money is not precious but the efforts you make for it are.

Q1. What is Black Money?

A1. Black money is the money that people earn through illegal ways. It is strictly prohibited in our country. And the people who have it can go to jail.

Q2. What is the difference between Black money and White money?

A2. The difference between black money and white money is, Black money comes from illegal earnings. But white money comes from legal sources with taxation levied on it.

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How to Save Money? - 15 Tips for Students

Student years are the happiest, according to almost 100% of former students. However, many of those who think so cannot but agree that this time is also the most complicated. Many students probably fail to make everything in time. In this case, let a good essay writer service lend you a hand with academic assignments while you are dealing with your curriculum.

Renting an apartment or paying for a dormitory, living expenses, and tuition is almost always covered by the parents. But at this age, you want to feel free. And for many students, it lies in a substantial amount of finance that neither parents nor a part-time job can provide. So how to save money in college? The tips on saving money from our custom essay service will help you control your funds better so that you have free money for something significant and necessary every month.

Money Saving Tips

If you are still wondering how to save money fast, here are the 15 saving ideas that we have listed among our college budgeting tips that may help:

So one of the best ways to save money is to start cooking - This will help you save a lot on your visits to cafes and restaurants. And the food you cook yourself is healthier and more delicious. If you still want to celebrate a memorable date or spend time with a noisy company of friends, try to buy drinks in stores and relax at home. Then you will not have to overpay in establishments because the prices for food and alcohol in bars and restaurants are higher than in the nearest convenience store or in a hypermarket.
Another trick to save money is to bring your lunch - Lunch boxes do not take up much space in your carry-on luggage, and meals that were stored in the refrigerator overnight do not spoil from morning to lunch. For example, salads dressed with mayonnaise can be stored for up to five hours out of the refrigerator, fried or stewed meat, and chicken for up to six. It is more profitable to carry lunch with you, even if you do not know how to cook and use semi-finished products.
Walk more - It is a popular point among all cheap living tips. Spending on taxis, gasoline, or using car rentals doesn’t sound that nice if you compare it all to spending time having some fresh air. Additionally, you can save on a subscription to a fitness club. If you are a student, then your trip to the university is worth a penny. This is a perfect way to cut your expenses.
Do proper save money planning by paying attention to different discounts, sales, or promotions. When it comes to food, you need to pay attention because expired goods may harm your health. Talking about the looks, you can still look good buying something for less money. If you often order essays , check out the discounts we offer to our regular customers.
Student life is unthinkable without some proper rest - nightclubs, cinema, and other types of entertainment. Saving money every week won’t allow you to spend some quality time, but if you arrange something for yourself a few times a month, it won’t do any harm. The entertainment can be cheap and allow you to enjoy yourself without spending a lot of money, so that you could still stick to the saving money plan.
Moving on with the money saving life hacks - You need to find the correct way to manage your finances. Try to divide the sum you have for a month equally for each week and do not spend more than you have. But try not to carry all the sum you have for a month. You won’t even notice how all the big bills become smaller and smaller.
If you buy food from the market, rather than from the supermarkets, you can bargain with the vendors, saving you some money.
Making a shopping list for a month - Such a simple way of saving is contemptuously rejected by many, but in vain. Buying from the list, first of all, you are more or less insured against impulsive purchases (like a massive pack of chips, M & Ms for the promotion, and a bucket of ice cream that you will eat on the very first evening). It is these expenses that subtly undermine the budget. Secondly, you take the food you need in the right amount.
Before deciding to buy a book, check out if it’s available on the Web. Now you can download a lot of literature for free. In case you couldn’t find anything, you can always use the library.
Share an apartment with your friends - This is probably the best way to save for college. Living in a hostel is not suitable for all students, and renting an apartment in a big city will cost a pretty penny. But there’s no reason to be upset: you can always offer some good friends to share an apartment. Although they will remotely resemble a hostel, the conditions in such housing will be more free space here.
Finding a part-time job - A full-time job is usually not beneficial to students’ academic performance. However, you are unlikely to be able to live on one scholarship. Job websites and recruiting agencies can help you find the right job. Temporary work will make it easier to adapt to adult life conditions and hone the professional skills acquired at the university.
Save up getting rid of unnecessary things - Freshmen who have just entered their student days strive to save money just like you. You have accumulated many textbooks, lecture notes, and materials for preparing for exams during your studies. Young students are full of the excitement of youthful maximalism and the desire to gain knowledge in all possible ways, so they will gladly buy things from you.
One more saving advice that is not that obvious is to choose your credit cards wisely - If you cannot avoid the debt, choose a credit card with an interest-free period, with monthly interest on the balance of funds, with the ability to receive discounts in stores when paying with this card. And never delay your monthly payments. The longer you “stretch” your credit card debt, the more it costs you. Interest rates on consumer loans are high. Try to pay off the monthly payment as high as possible. And never take loans in the future. Student loans are a giant trap that will ruin all your money saving techniques.
Cashback platforms - This is one of the easy ways to save money. When you pay for essay online, it is almost always possible to get some of the money back using cashback services. Cashback appeared to tie a client to himself, providing him with additional “buns”. It works roughly like bonus points awarded for purchase - only instead of bonuses, you get real money. Sometimes the share reaches 30%: companies are ready to work with zero or negative, to get a client.
Fitness app - There is always no money and free time for students. So here is the last of our money tips. Most young people, of course, want to look good. What if there is no way to visit the fitness club? Download the 7 Minute Workout application (IOS, Android), which allows you to perform a set of seven-minute exercises at home without special equipment.

By following all these simple rules, you will learn the best ways to save money fast, know how to use it properly, and even put it in your stash. This will bring many rewarding experiences in the future. Don't forget to find out our paper topic generator for your essay ideas on our service.

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Eight Easy Ways to Save Money Without Compromising Your Lifestyle

Saving money can be as simple as a quick phone call.

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A young woman sits on the steps of a building, surrounded by shopping bags, while she looks at her phone.

Lots of people are interested in saving more, but they don’t always want to change their lifestyle in order to do it. Especially when you have a large amount to save or haven’t started saving at all, it can be difficult to find the motivation to cut back on the things that bring you joy.

However, saving, even if it’s just a little bit each month, is an important part of your wealth-building journey. It not only ensures you have cash to fall back on when emergencies eventually arise, but it also allows you to make larger purchases and afford the kind of lifestyle you aspire to have in the future.

So does that mean you have to cut way back on your lifestyle now in order to save for the future? According to the money experts of Kiplinger Advisor Collective , that doesn’t have to be the case. Here, they discuss little (but effective) ways anyone can easily save money each month without compromising their overall lifestyle or sacrificing joy.

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Pay yourself first “If you've already spent the money by paying yourself first, you won't have to make a choice or change any aspects of your lifestyle. You will have what you have, and you will spend what you have.” — Deborah W. Ellis , Ellis Wealth Planning

Try apps and websites that offer you cash back “Tap into cashback tools that reward you with extra savings on purchases you're making anyway. For example, you can earn cash back by using a free rewards app like Fetch.com when you upload pictures of receipts for gas or groceries, and earn money back for online orders and travel bookings using CouponCabin.com , which can add up to big savings without sacrificing your budget or daily spending.” — Andrea Woroch , Woroch Media Inc. / Andrea Woroch

Ask for discounts from subscription services “One easy strategy is to call or email all the companies you have subscriptions to. Tell them you are planning on canceling due to cost and ask if they can apply a discount. This is extremely effective if they just increased the cost as well. I just emailed one of my services last month, and they lowered the cost by $5 a month for the next year. This method saves money!” — Bob Chitrathorn , Wealth Planning By Bob Chitrathorn of Simplified Wealth Management

Kiplinger Advisor Collective is the premier criteria-based professional organization for personal finance advisors, managers, and executives. Learn more >

Fund your future and current self simultaneously “The standard advice is to automate your savings and avoid lifestyle creep. Another way is to fund your current and future selves simultaneously. During your high-income years, automate your savings increases every year to outpace your lifestyle. This tactic helps reduce lifestyle deprivation and change retirement savings outlooks.” — Dr. Preston D. Cherry , Concurrent Financial Planning

Start generating passive income “Passive income will help you be able to save money each month without compromising your overall lifestyle. It simply allows you more financial flexibility and overall freedom so you have more money to save. This means you’re able to maintain your lifestyle. Real estate syndications are just one way to create a passive income.” — Justin Donald , Lifestyle Investor

Use a credit card with rewards benefits “Opt for a cashback credit card for daily expenses and to autopay essentials. Paying bills, groceries or fuel with it accrues cash without you altering your spending habits. Regular, mindful use, combined with full monthly payments to avoid interest, turns ordinary purchases into savings opportunities and leverages everyday spending for passive savings without the need for lifestyle changes.” — Amrita Choudhary , Wasabi Technologies

Set up automatic savings and investment transfers “Save with automatic transfers from checking accounts to savings or investment accounts. This will consistently save a portion of your income without you actively thinking about it or having to make daily spending sacrifices. This is effective because it removes the temptation to spend the money that could otherwise be saved. This makes saving a habit, without requiring willpower or daily decision-making.” — Howard Dvorkin , Debt.com

Leverage discount shopping portals to avoid paying full price “I believe in never having to spend more than I have to on any purchase. That means using discount shopping portals, like Rakuten , and other cashback apps. I stack savings by paying with a rewards credit card . I've saved thousands of dollars by not paying retail or the sale price. All the savings have gone toward goals. This works because the idea isn't to stop spending but to instead start saving.” — Jason Vitug , Phroogal

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Gender pay gap in U.S. hasn’t changed much in two decades

The gender gap in pay has remained relatively stable in the United States over the past 20 years or so. In 2022, women earned an average of 82% of what men earned, according to a new Pew Research Center analysis of median hourly earnings of both full- and part-time workers. These results are similar to where the pay gap stood in 2002, when women earned 80% as much as men.

A chart showing that the Gender pay gap in the U.S. has not closed in recent years, but is narrower among young workers

As has long been the case, the wage gap is smaller for workers ages 25 to 34 than for all workers 16 and older. In 2022, women ages 25 to 34 earned an average of 92 cents for every dollar earned by a man in the same age group – an 8-cent gap. By comparison, the gender pay gap among workers of all ages that year was 18 cents.

While the gender pay gap has not changed much in the last two decades, it has narrowed considerably when looking at the longer term, both among all workers ages 16 and older and among those ages 25 to 34. The estimated 18-cent gender pay gap among all workers in 2022 was down from 35 cents in 1982. And the 8-cent gap among workers ages 25 to 34 in 2022 was down from a 26-cent gap four decades earlier.

The gender pay gap measures the difference in median hourly earnings between men and women who work full or part time in the United States. Pew Research Center’s estimate of the pay gap is based on an analysis of Current Population Survey (CPS) monthly outgoing rotation group files ( IPUMS ) from January 1982 to December 2022, combined to create annual files. To understand how we calculate the gender pay gap, read our 2013 post, “How Pew Research Center measured the gender pay gap.”

The COVID-19 outbreak affected data collection efforts by the U.S. government in its surveys, especially in 2020 and 2021, limiting in-person data collection and affecting response rates. It is possible that some measures of economic outcomes and how they vary across demographic groups are affected by these changes in data collection.

In addition to findings about the gender wage gap, this analysis includes information from a Pew Research Center survey about the perceived reasons for the pay gap, as well as the pressures and career goals of U.S. men and women. The survey was conducted among 5,098 adults and includes a subset of questions asked only for 2,048 adults who are employed part time or full time, from Oct. 10-16, 2022. Everyone who took part is a member of the Center’s American Trends Panel (ATP), an online survey panel that is recruited through national, random sampling of residential addresses. This way nearly all U.S. adults have a chance of selection. The survey is weighted to be representative of the U.S. adult population by gender, race, ethnicity, partisan affiliation, education and other categories. Read more about the ATP’s methodology .

Here are the questions used in this analysis, along with responses, and its methodology .

The U.S. Census Bureau has also analyzed the gender pay gap, though its analysis looks only at full-time workers (as opposed to full- and part-time workers). In 2021, full-time, year-round working women earned 84% of what their male counterparts earned, on average, according to the Census Bureau’s most recent analysis.

Much of the gender pay gap has been explained by measurable factors such as educational attainment, occupational segregation and work experience. The narrowing of the gap over the long term is attributable in large part to gains women have made in each of these dimensions.

Related: The Enduring Grip of the Gender Pay Gap

Even though women have increased their presence in higher-paying jobs traditionally dominated by men, such as professional and managerial positions, women as a whole continue to be overrepresented in lower-paying occupations relative to their share of the workforce. This may contribute to gender differences in pay.

Other factors that are difficult to measure, including gender discrimination, may also contribute to the ongoing wage discrepancy.

Perceived reasons for the gender wage gap

A bar chart showing that Half of U.S. adults say women being treated differently by employers is a major reason for the gender wage gap

When asked about the factors that may play a role in the gender wage gap, half of U.S. adults point to women being treated differently by employers as a major reason, according to a Pew Research Center survey conducted in October 2022. Smaller shares point to women making different choices about how to balance work and family (42%) and working in jobs that pay less (34%).

There are some notable differences between men and women in views of what’s behind the gender wage gap. Women are much more likely than men (61% vs. 37%) to say a major reason for the gap is that employers treat women differently. And while 45% of women say a major factor is that women make different choices about how to balance work and family, men are slightly less likely to hold that view (40% say this).

Parents with children younger than 18 in the household are more likely than those who don’t have young kids at home (48% vs. 40%) to say a major reason for the pay gap is the choices that women make about how to balance family and work. On this question, differences by parental status are evident among both men and women.

Views about reasons for the gender wage gap also differ by party. About two-thirds of Democrats and Democratic-leaning independents (68%) say a major factor behind wage differences is that employers treat women differently, but far fewer Republicans and Republican leaners (30%) say the same. Conversely, Republicans are more likely than Democrats to say women’s choices about how to balance family and work (50% vs. 36%) and their tendency to work in jobs that pay less (39% vs. 30%) are major reasons why women earn less than men.

Democratic and Republican women are more likely than their male counterparts in the same party to say a major reason for the gender wage gap is that employers treat women differently. About three-quarters of Democratic women (76%) say this, compared with 59% of Democratic men. And while 43% of Republican women say unequal treatment by employers is a major reason for the gender wage gap, just 18% of GOP men share that view.

Pressures facing working women and men

Family caregiving responsibilities bring different pressures for working women and men, and research has shown that being a mother can reduce women’s earnings , while fatherhood can increase men’s earnings .

A chart showing that about two-thirds of U.S. working mothers feel a great deal of pressure to focus on responsibilities at home

Employed women and men are about equally likely to say they feel a great deal of pressure to support their family financially and to be successful in their jobs and careers, according to the Center’s October survey. But women, and particularly working mothers, are more likely than men to say they feel a great deal of pressure to focus on responsibilities at home.

About half of employed women (48%) report feeling a great deal of pressure to focus on their responsibilities at home, compared with 35% of employed men. Among working mothers with children younger than 18 in the household, two-thirds (67%) say the same, compared with 45% of working dads.

When it comes to supporting their family financially, similar shares of working moms and dads (57% vs. 62%) report they feel a great deal of pressure, but this is driven mainly by the large share of unmarried working mothers who say they feel a great deal of pressure in this regard (77%). Among those who are married, working dads are far more likely than working moms (60% vs. 43%) to say they feel a great deal of pressure to support their family financially. (There were not enough unmarried working fathers in the sample to analyze separately.)

About four-in-ten working parents say they feel a great deal of pressure to be successful at their job or career. These findings don’t differ by gender.

Gender differences in job roles, aspirations

A bar chart showing that women in the U.S. are more likely than men to say they're not the boss at their job - and don't want to be in the future

Overall, a quarter of employed U.S. adults say they are currently the boss or one of the top managers where they work, according to the Center’s survey. Another 33% say they are not currently the boss but would like to be in the future, while 41% are not and do not aspire to be the boss or one of the top managers.

Men are more likely than women to be a boss or a top manager where they work (28% vs. 21%). This is especially the case among employed fathers, 35% of whom say they are the boss or one of the top managers where they work. (The varying attitudes between fathers and men without children at least partly reflect differences in marital status and educational attainment between the two groups.)

In addition to being less likely than men to say they are currently the boss or a top manager at work, women are also more likely to say they wouldn’t want to be in this type of position in the future. More than four-in-ten employed women (46%) say this, compared with 37% of men. Similar shares of men (35%) and women (31%) say they are not currently the boss but would like to be one day. These patterns are similar among parents.

Note: This is an update of a post originally published on March 22, 2019. Anna Brown and former Pew Research Center writer/editor Amanda Barroso contributed to an earlier version of this analysis. Here are the questions used in this analysis, along with responses, and its methodology .

What is the gender wage gap in your metropolitan area? Find out with our pay gap calculator

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Carolina Aragão is a research associate focusing on social and demographic trends at Pew Research Center

Women have gained ground in the nation’s highest-paying occupations, but still lag behind men

Diversity, equity and inclusion in the workplace, the enduring grip of the gender pay gap, more than twice as many americans support than oppose the #metoo movement, women now outnumber men in the u.s. college-educated labor force, most popular.

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Judge in Trump’s hush money case allows prosecutors to discuss 'Access Hollywood' tape and affairs as watershed trial begins

Donald Trump made history Monday as the first former president to stand trial on criminal charges — and the official start of jury selection quickly highlighted his polarizing impact on the public.

After the first 96 prospective jurors were brought into a New York courtroom, Judge Juan Merchan asked whether any of those assembled could not be "fair and impartial." More than half raised their hands and were excused from serving on the jury.

The watershed moment for American politics, the presidential election and Trump himself comes as Trump is the presumptive Republican nominee for president. He has pleaded not guilty to 34 counts of falsifying business records, a low-level felony punishable by up to four years in prison.

“The name of this case is the People of the State of New York versus Donald Trump,” Merchan told the initial pool of jurors in the afternoon. Trump stood and turned around when he was introduced as the defendant and gave the prospective jurors — some of whom were staring at him intently — a little tight-lipped smirk.

Trump had his eyes closed for a period of time as the judge was reading the potential jurors his instructions, and his eyes looked red and bloodshot when he opened them and peered at the judge.

After the court day concluded, Trump told reporters in a hallway the case is "a scam. It’s a political witch hunt. It continues, and it continues forever, and we’re not going to be given a fair job. It’s a very, very sad thing."

The jury selection process started slowly — the pool wasn't brought in until the afternoon, and after the initial group of those who said they couldn't be fair were excused, another nine were excused after saying they couldn't serve for other reasons. By the end of the day, nine other jurors had answered preliminary questions — although one wound up being excused — and were scheduled to face follow-up questions on Tuesday morning.

The process also got off to a slow start because lawyers from both sides argued over some of the more sensational evidence that prosecutors from Manhattan District Attorney Alvin Bragg's office hope to use to show why Trump was eager to bury negative stories about him during the 2016 presidential election.

Prosecutors allege then-candidate Trump took part in a scheme with his then-lawyer Michael Cohen and the publisher of the National Enquirer to suppress scandalous stories about him in the run-up to Election Day.

One of those stories involved porn star Stormy Daniels , who alleged she had a sexual encounter with Trump in 2006. Trump has denied the claim, and Cohen paid Daniels $130,000 in October 2016 to keep quiet about the allegation. After he was elected, Trump repaid Cohen in payments recorded as legal fees at his company —documents the DA alleges were falsified to keep the hush money payments secret.

The trial is an opportunity for the former president to face off with Merchan, whom Trump has frequently attacked publicly in the run-up to the trial. The judge addressed Trump directly at one point, issuing him standard court warnings that were made more dramatic by Trump's status as a former president, his frequent public attacks on the judge and his many disruptions in his civil trials last year. "If you disrupt the proceedings we can proceed with the trial in your absence. … Do you understand?" the judge asked. "I do," Trump replied.

Merchan also warned Trump that if he fails to show up in court without any explanation, a warrant would be issued for his arrest.

The back and forth came after Merchan had heard arguments about the alleged “catch and kill” scheme, the infamous “Access Hollywood” tape and the allegations of sexual assault from various women that came out during the campaign — all while Trump sat at counsel table with little visible reaction.

Merchan greenlighted a request from prosecutor Joshua Steinglass to show jurors during the trial some headlines from the Enquirer from the 2016 Republican presidential primary campaign that they contend were part of the overall scheme to boost Trump, including stories trashing then-Trump rivals Ben Carson and Sens. Marco Rubio, of Florida, and Ted Cruz, of Texas.

Former President Donald Trump departs Trump Tower for Manhattan Criminal Court on April 15, 2024.

The prosecutor said he also hoped to elicit information about the timing of Trump's alleged affair with another woman whom the Enquirer paid to keep quiet ahead of the election, former Playboy model Karen McDougal . Steinglass said they didn't plan to elicit "salacious details," but did want to note that the timing of the alleged affair was while Melania Trump was pregnant with Trump's child and the baby was a newborn. He said the information was relevant because it showed why Trump wanted to suppress it ahead of the election.

The judge said he'd allow testimony about the alleged affair, but not the information about Melania Trump.

Steinglass also asked Merchan to reconsider his earlier ruling that the jury not hear the notorious " Access Hollywood " tape, on which Trump was caught on a hot mic saying he can grope women without their consent because "when you’re a star, they let you do it. You can do anything."

Audio from the 2005 hot mic moment became public in October 2016, and prosecutors contend that's why Trump was eager to silence Daniels. Steinglass also asked the judge to allow in a snippet from Trump's deposition in writer E. Jean Carroll's defamation case against him, where he defended the comment, saying, "Historically, that's true with stars."

Merchan said he still believes the tape itself is "prejudicial" and "should not come in" to evidence, but he said he would allow prosecutors to use a transcript of the tape. “The testimony from the E. Jean Carroll deposition should not come in either,” the judge added.

The judge also shot down prosecutors' suggestion that they may try to mention other women who came forward after the "Access Hollywood" tape became public to accuse Trump of assault, calling it "complete hearsay."

Later, prosecutors asked the judge to sanction Trump for posts they said violated a gag order barring him from publicly attacking witnesses. Prosecutor Christopher Conroy argued Trump should be fined $3,000 for three social media posts that were critical of Cohen and Daniels. “Not included is another post from this morning,” Conroy said, asking the judge to “remind” Trump that “he is a criminal defendant, and like all criminal defendants he is subject to court supervision.”

Blanche argued that the posts did not violate the gag order, and said Trump was “responding to salacious, repeated, vehement attacks by these witnesses.”

The judge did not immediately issue a ruling, and said he’d hear arguments on the issue on April 23.

Cohen told NBC News in a statement afterward that the proposed penalty was not severe enough. “Donald knows the damage his posts inflict on targeted individuals. A $1,000 per post fine will do nothing to curtail future violations,” he said.

In a ruling later in the day, the judge sided with the prosecution by giving Trump's lawyers 24 hours to produce the exhibits and evidence they plan to use at trial. “You have 24 hours. Whatever you don’t identify in the next 24 hours, you will be precluded from using,” the judge told Blanche.

Trump maintains the DA's case is part of a Democratic conspiracy against him, a claim he has used to galvanize his supporters and rake in millions of dollars in fundraising for his campaign. Bragg, the Manhattan DA, is a Democrat, and Trump has falsely claimed that he's doing the bidding of President Joe Biden.

The criminal case was the f irst o f fo ur brought against Trump in four different jurisdictions and is the only case definitively set to go to trial before the election.

Because Trump is required to be in court four days a week (the trial does not take place on Wednesdays), his ability to campaign in person is limited to times the court is not in session.

The jury selection process is expected to take one to two weeks. Two sources with direct knowledge of the situation told NBC News that 6,000 jurors have been called to the Manhattan criminal courts this week — 2,000 more than in a typical week.

During jury selection, eighteen jurors are put in the jury box at a time, and each one in succession reads out loud his or her answers to a series of 42 questions. The questions include inquiries about what news sources they follow, whether they’ve ever attended any Trump rallies or anti-Trump protests and whether they’ve ever supported the QAnon movement or antifa.

The form does not ask about party affiliation, political contributions or voting history, but the judge said answers to those questions “may easily be gleaned from the responses to other questions.” After the 42 questions are answered, prosecutors can ask the jurors a series of follow-up questions, and then Trump’s attorneys can ask their own follow-ups.

In court Monday, the judge told both sides the list of questions is “by far the most exhaustive questionnaire this court has ever used.”

“There will be no doubt how a prospective juror feels about Mr. Trump, the district attorney or the court” when the jurors are done answering, he added.

The trial will have an anonymous jury , meaning the jurors’ identities and addresses will not be made public. The judge said the move was necessary because of “a likelihood of bribery, jury tampering, or of physical injury or harassment of juror(s).”

While the trial is the first criminal trial involving a former president, it’s the fourth trial in New York involving Trump as a defendant since he left office. He was sued twice by writer E. Jean Carroll for sexual abuse and defamation and he and his company were accused of fraud in a civil case brought by New York Attorney General Letitia James. The verdicts against him in the three cases — all of which he is appealing — total about $550 million.

Adam Reiss is a reporter and producer for NBC and MSNBC.

Dareh Gregorian is a politics reporter for NBC News.

Lisa Rubin is an MSNBC legal correspondent and a former litigator.

A woman in Brazil was arrested after she seemingly attempted to get a dead body in a wheelchair to sign for a bank loan

A woman in Brazil was arrested after seemingly trying to secure a bank loan using her dead uncle's signature.
The woman appeared to bring her uncle's body to the bank in a wheelchair and tried to use it to sign papers.
Bank staff became suspicious when the man was unresponsive and his head kept lolling, local media said.

A woman in Brazil was arrested on Tuesday on suspicion of theft by fraud and violating a corpse after she brought her uncle to a bank to sign a loan agreement, local media outlets reported.

She had raised suspicion after she entered a small branch of Itaú Bank in a Rio suburb with a man in a wheelchair, who she called her uncle, local news organization O Dia reported, per a Business Insider translation.

The woman, named by local media as Erika de Souza Vieira Nunes, reportedly told the clerk they were there to sign off on a 17,000 reais ($3,250) loan.

In security camera footage shared by O Dia, the woman can be seen picking up the man's hand and repositioning his head to try to get him to sign the document in front of him.

"Uncle, are you listening? You need to sign. If you don't sign, there's no way, because I can't sign for you," Nunes can be heard saying in the video.

"He doesn't say anything, that's just how he is," she tells the clerk when he doesn't reply. "If you're not okay, I'm going to take you to the hospital."

But the man's unresponsive nature and lolling head caused concern among bank employees who called the local ambulance services.

Brazil's economic stagnation

Brazil's economy has stagnated in recent months, with growth flatlining in the final quarter of 2023 amid sky-high interest rates. The country, the largest economy in South America, currently has a rate of close to 11%.

"The stagnation in Brazil's GDP in the fourth quarter and the decline in household consumption confirmed that the economy lost momentum sharply," Capital Economics' chief emerging markets economist William Jackson said in a note in March, per Reuters.

Watch: How money laundering for the cartels actually works, according to a former undercover agent

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New Yorkers weigh in on whether they could be impartial jurors in Trump trial

Could you judge trump impartially here is what 12 new yorkers said..

When Donald Trump walks into a Manhattan courtroom on Monday, it will kick off a process unprecedented in American history: jury selection for a former president’s criminal trial.

Trump is facing 34 felony charges for allegedly falsifying business records related to a hush money payment to adult-film actress Stormy Daniels during the 2016 election, to keep her from accusing Trump of a long-ago affair.

If you’re 18 years old or older, a citizen, live in Manhattan, can communicate in English and do not have a felony conviction, you are, technically, eligible to serve on a jury, according to state officials. Prospective jurors will have to answer a survey and questions from lawyers to determine whether they can judge the evidence fairly.

One prominent jury consultant said the issue is more nuanced than gauging partisanship or voter behavior. “It’s about evaluating how strongly they feel about him and his actions, and their ability to identify their own impressions about him,” says Richard Gabriel, co-author of the book “Jury Selection Strategy and Science.”

The key, he said, is “to have people talk about the strengths of their feelings about Donald Trump.” In other words, jury selection isn’t about finding people without any opinions about the former president, rather it’s finding jurors that are able to put their biases aside.

Trump has been vocal about wanting a change of venue, posting on Truth Social , “VERY UNFAIR VENUE, WITH SOME AREAS THAT VOTED 1% REPUBLICAN. THIS CASE SHOULD BE MOVED TO NEARBY STATEN ISLAND.” Last week a New York appellate court judge denied the request, and the trial remains set to begin on Monday with jury selection.

So, we spoke to people in Manhattan, a borough where only about 12 percent of voters cast ballots for Trump in 2020. Some walked away when they heard Trump’s name. Some said they hate him. A few said they like him. One said they tried out for “The Apprentice,” a popular reality show Trump hosted from 2004 to 2017.

Here are their interviews, lightly edited for clarity.

Adam Wilson

Do you think you can be an impartial juror on donald trump’s trial.

I think I could, because, honestly, I don’t pay attention to politics these days. It’s too stressful.

Do you remember the first time Donald Trump made an impression on you?

I grew up in Queens and I lived here from 1974 to 1992. And at that time Donald Trump was considered like, I don’t know if a good guy, but a decent guy. Obviously most New Yorkers these days do not consider him a good guy. I’m kind of ambivalent. I don’t think he’s any worse than Biden, to be honest.

Trump grew up in Jamaica Estates. What part of Queens did you grow up in?

Jamaica, Hollis.

Andrew M. Cuomo is from there.

I’m not anti-Trump but I’m very anti-Cuomo.

Do you think Donald Trump could get a fair trial in Manhattan?

I think a lot of New Yorkers are anti-Trump. ... I would hope that anyone could get a fair trial anywhere in this country, right? Like, that’s how it should be. And it’s unfortunate that you even have to ask that question, to be honest.

Donald Williams

If you were asked to be impartial, and judge the case based on what’s presented in the courtroom, is that something you could do.

Yeah, definitely.

Do you remember earlier impressions of Donald Trump?

I was actually really impressed with Donald Trump, because he was an entrepreneur and stuff like that. One thing I do like about him: He states how he feels. And that’s one thing I like. I like to be with someone, to know how they really feel.

Would you want to serve on the jury?

As a barber, what do you think about his hair.

It’s awful. He needs a makeover.

Ava Delaney

Do you think you could be an impartial juror if you were asked to serve on that jury.

So, basically an unbiased voice? I would try, honestly. But I think it would be impossible, I think there really is no alternative. Like what can be argued but his faults in so many infinite things.

Do you remember the first time you heard of him as a candidate?

2015, probably. And so I was 15 and in high school and a young queer person. It was a very aggressive energy and very confusing to see how that like process happened where he got elected. It was heartbreaking at the time, for sure.

George Rivera

If you got a jury summons and they said, could you be an impartial juror —.

Against him or for him?

Impartial means you would only judge it based on the evidence in the courtroom.

Well, then I got no problem with that. I mean, I don’t mind serving on a jury for that. Why not? … I have a mind of my own, and I can decide from what evidence has been proven. … I’m not going to judge right away. You can’t judge right away.

What do you think of Donald Trump?

Me, as a New Yorker I can’t judge him for who he is. Basically, I can only judge him by the way he carries himself, especially in the White House. I liked the way he handled himself in the White House, and I think he brung America back to its feet. … I like him. I agree in everything that he has said, because what he said is true. It has to be true. It can’t be false, because if it’s false and he can be brung up on charges.

Ann O’Brien

Could you be an impartial juror on a donald trump trial.

Listen, I can’t stand Donald Trump, so I guess the answer is no. I mean, he’s as crooked as you can find in a person.

What’s your strongest impression of him?

Everything he does is fraudulent.

What would you say if they said only think about the evidence in the courtroom?

Well, the evidence is there, so I don’t know how he has everybody hoodwinked in every other state and the Republican Party and everything. So, the evidence is there, and we’ve wasted so much money and so much time going around and around trying to claim that he’s innocent and everything that he’s done in the last number of years.

Jon DeVries

Do you recall the first time you heard the name donald trump.

I think it was around the time when he was moving homeless people into one of his buildings in order to scare the other residents out, the rent-protected residents out. That was the first time. Second time was when he convicted, all by himself, all five of those young men in the Central Park case.

Do you think you could be an impartial juror on the trial of Donald Trump?

Well, it would be difficult. But it would be an interesting challenge to try to stick to the facts and the arguments and the force of the law. I think these days it would be difficult to find anybody, anywhere in the United States, possibly in the world, who could tell you that they would be 100 percent objective about anything involving Donald Trump.

(Later, he texted to say, “The best response to a charlatan who disparages the system of justice unless it works in his favor is to respect it as fully as you can. And that means putting aside personal feelings and dealing with the truth, the facts, of the case at hand.”)

Robin Hafitz

Do you remember the first time he made an impression on you.

He was young and brash and showing up in the gossip papers a lot and associated with certain buildings and associated with certain women. I also remember, although this wouldn’t be a first impression, I remember when the National Enquirer really started trying to promote him.

Have you ever stayed at a Trump building?

I’ve probably walked into a Trump building once or twice in New York. And yeah, I have a strong impression of him in office. It was a pretty s----y time.

Do you think he can get a fair trial in Manhattan?

Sure. There’s lots of people who weren’t paying any attention at all. Absolutely. I mean, Manhattan is so full of people and they’re all so different. There’s such diversity here. I mean, really, you know, for a fair trial, it needs to be somebody who hasn’t thought about it that much yet, hasn’t already come to a conclusion. Manhattan’s got plenty of those people in it.

Brandon Guzman

Can you be an impartial juror.

No, unfortunately I do have a biased opinion. I think the media distorted my current perspective, and it’s hard for me to gain any sort of judgment. Truly. One moment I’m pro left, and then the next moment I’m pro right. It’s interesting because I would really like to understand what is truth, but currently it’s hard for me to trust the news that I’m getting.

If you were asked to only think about the evidence presented in court, do you think you could do that?

Of course. I think it’s unfair that we live too much in a gray society and people need to be able to stand on opinions. And if I’m able to sit down and view the evidence, of course, most definitely. But it’s hard for me to even gauge if the evidence that I see is even real.

I used to love Donald Trump before he became president. Yeah. I love old Donald Trump back in the ’80s, before I knew all the bad things, essentially. It’s a real shame that you have one perspective of somebody and then one circumstance changes everything. Now currently, do I like who I currently have for president? I would say probably no. But I wouldn’t mind seeing Donald Trump go for a second run.

Crystal Clemens

Could you be an impartial juror in trump’s upcoming trial.

No, I don’t think so. I don’t think I could be impartial. I think I would throw the book at him.

Do you remember when he first made an impression on you?

No, not really. Maybe it was Stormy Daniels. The thing I don’t like he’s doing now is with the Bibles. What’s going on with the Bibles? … He’s over the top. I’m so done with Donald Trump.

Do you think he could get a fair trial in Manhattan?

For me, it would be fair because he would be held accountable and judged on what he did.

Raymond Hall

Do you think you can be an impartial juror.

I know who he is. I followed him for years on media. And I think I can be fair, depending on if the actual facts come out. If it’s actual, verifiable facts, he should be able to get a fair judgment.

Do you remember your first impression of Donald Trump?

Somebody to watch. He was somebody to watch. He had, like, that it factor. Not like just some regular businessman. It’s just something you couldn’t put a finger on.

Did you watch his television show?

I watched some of it when I was in the military.

Do you have any strong impression of his time as a candidate or as a president?

He wasn’t a polished politician, per se. He spoke what was on his mind. And that was refreshing.

No, because of the negative publicity and the bias coming mostly from the mainstream media.

If you were asked to block out all the outside information about Donald Trump and only think about what is presented in the courtroom, could you do that, as a juror?

Personally, probably, yeah. But at the same time it’s like, you never know — humans operate differently in different circumstances.

It really depends on the person. Someone can say that they’re fair, but their intentions aren’t. You can always lie.

David Amirian

Could you be an impartial juror.

I don’t think so. Because it’s not like he’s someone that you don’t know. And he’s so divisive that you either love him or hate him. And because he was the president, everyone already knows who he is. So you’re biased based upon your viewpoint. If you’re a Democrat or a Republican or just know him as a businessman.

What’s your impression of Donald Trump?

He built in New York City. So as a developer, I knew him before he was — not knew him, I, know the projects that he did, and I know people that work for him. So I knew what his reputation was. … I also tried out for “The Apprentice.”

What does a typical jury in Manhattan look like?

Juries here usually have slightly more women than men, more White people than people of color, and more folks between the ages of 25 and 64 than any other ages. That is based on information from a 2022 report by New York State officials who surveyed people that served on juries in Manhattan.

Based on data from that survey, a typical 12-person jury in Manhattan would include six women, five men and one person who identifies as transgender, nonbinary or in some other way. There would be about seven White people, two Hispanic people, one Black person, one Asian person and one person who is mixed or some other race.

One would be between 18 and 24 years old, five would be between 25 and 44 years old, four would be between 45 and 64; two would be between 65 and 75, and one person would be 75 years or older.

All jurors will be expected to put their biases toward Donald Trump aside and stick to the facts. “No one is going to say they never heard of Donald Trump,” said Ross Cellino, the attorney known for large jury awards and ubiquitous advertising. “The question is can you find a juror who is fair” and “could they follow the law?” He added, “I tend to think voters and jurors are two different types of people because of their job.”

Voters take in information then “vote privately in a voting booth, knowing their individual vote is actually rather insignificant,” he said. Jurors, on the other hand, “take their oath seriously to evaluate the evidence presented to them,” and ignore preconceived notions, if any, about a defendant. Twelve jurors must agree on a verdict, and, “they seem to understand and appreciate the gravity of their vote in a trial.”

Are you curious about the actual questions jurors will be asked? New York Supreme Court Justice Juan Merchan released the questionnaire .

About this story

Editing by Kainaz Amaria and Debbi Wilgoren. Photo editing by Natalia Jimenez. Design and development by Agnes Lee. Design editing by Madison Walls. Copy editing by Thomas Heleba.

Trump New York hush money case

Former president Donald Trump’s criminal hush money trial begins Monday in New York with jury selection. Follow live updates from the trial .

Jury selection: Here’s what twelve New Yorkers said when we asked them if they could judge Trump impartially . This is how jurors will be picked for the trial .

The case: The investigation involves a $130,000 payment made to Stormy Daniels, an adult-film actress , during the 2016 presidential campaign. It’s one of many ongoing investigations involving Trump . Here are some of the key people in the case .

The charges: Trump is charged with 34 felony counts of falsifying business records. Falsifying business records is a felony in New York when there is an “intent to defraud” that includes an intent to “commit another crime or to aid or conceal” another crime. He has pleaded not guilty . Here’s what to know about the charges — and any potential sentence .

Can Trump still run for president? The short answer, legal experts said, is yes. The U.S. Constitution does not forbid Trump, or anyone else, of serving as president if convicted of a felony.

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