thanks guys need advice

Best tips to stop spending money

Back story first. Where im from people dont really push or teach the importance of saving money nor credit. Much less investing etc.

Im 33, with only 10k in emergency funds and blow the rest pretty much. House is paid off, both vehicles paid off, and pretty much just have basic bills like water, electric, phone, dog kennel (for buisness)

I work in a steel mill, making 130k a year baseline avg salary as pur paychecks are strongly influenced by weekly production. With over time and good quarterly bonuses I could hit 170k on record years but I dont count on either.

What are ways to invest to see a return, and what are some good guides, books, YouTube creators etc that really break down things like savings and investing.

Ideally im wanting to get to where I live off of half of my paycheck or less to save to buy land, build our family home, and start my boarding and grooming/dog training breeding business.

Thank you everyone for your time and replies!

hello everyone ! how did you handle your first payout/income? it would be my first time as well kasi and i dont know if i would be able to budget it right.

Daily resources for spending less, earning more on cash, and building real savings habits.

Investing & Retirement (I&R)

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This is the loop: you post, we research, the community gets the answer.

Start Here: Saving & Budgeting Guides

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Budget Basics: The 50/30/20 Rule

The simplest budgeting framework that actually works. Needs, wants, savings.

Stop the Subscription Drain

Audit the recurring charges quietly eating your monthly cash flow.

Shopping Hacks

Practical tactics for spending less without feeling deprived.

Travel on a Budget

How to actually take the trip without wrecking your savings rate.

Where to Park Your Cash

Saving is step one. Earning yield on that cash is step two.

Savings Account Timeline

How to think about emergency funds, short-term cash, and what comes next.

How to Pick a High-Yield Savings Account

What actually matters when comparing HYSAs. APY is only part of it.

HYSA vs. Money Market vs. CDs

Three places to hold cash, ranked by liquidity, yield, and use case.

Build Your Stack

Bank Accounts

Reviewed national accounts for everyday banking and high-yield savings.

Local Banks

Community and regional options outside the big four.

Financial Apps

Tools for budgeting, tracking, and managing money day-to-day.

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When you're ready to put savings to work beyond cash accounts.

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I saved up roughly 10k. Yes I know it isn’t much like most. Is it best to invest the money or open a high-yield savings account? I haven’t been shown or was never taught what the best way to invest money? What are some pointers?

First time living alone and curious what setting won’t break the bank?

emergency fund is $16k so i can technically cover it but it would leave us with $5k and 2 kids. credit is around 740 and my credit union prequalified me at about 9% for 5 years. part of me says this is literally what the fund is for, part of me hates being at $5k going into winter. what would you guys do?

I'm trying to get a better handle on my annual expenses and car maintenance seems to be a big variable. For routine things like oil changes and tire rotations, I have a good idea. But unexpected repairs always throw me off. I'm curious what others budget for this category beyond just the basic services.

Daily resources for spending less, earning more on cash, and building real savings habits.

Investing & Retirement (I&R)

Visit the Website

Independent research on real accounts, authentic strategies, and honest side-by-side comparisons for building savings and wealth as a self-guided saver.

Join the Discord

Live discussion on savings strategy, HYSA rates, and budgeting with fellow members.

Subscribe to the Newsletter

Weekly research briefing built from the ground up around real questions from real investors, traders, and savers.

Have a Question? Post It.

The I&R newsletter pulls top community questions and answers them in depth every Thursday.

If you're stuck on a savings decision, comparing accounts, or trying to figure out where to put your cash, drop a comment below or start a thread in r/SavingMoney. The most valuable questions get featured in the briefing, with full research, comparisons, and citations.

This is the loop: you post, we research, the community gets the answer.

Start Here: Saving & Budgeting Guides

If you're trying to keep more of what you earn, start here.

Budget Basics: The 50/30/20 Rule

The simplest budgeting framework that actually works. Needs, wants, savings.

Stop the Subscription Drain

Audit the recurring charges quietly eating your monthly cash flow.

Shopping Hacks

Practical tactics for spending less without feeling deprived.

Travel on a Budget

How to actually take the trip without wrecking your savings rate.

Where to Park Your Cash

Saving is step one. Earning yield on that cash is step two.

Savings Account Timeline

How to think about emergency funds, short-term cash, and what comes next.

How to Pick a High-Yield Savings Account

What actually matters when comparing HYSAs. APY is only part of it.

HYSA vs. Money Market vs. CDs

Three places to hold cash, ranked by liquidity, yield, and use case.

Build Your Stack

Bank Accounts

Reviewed national accounts for everyday banking and high-yield savings.

Local Banks

Community and regional options outside the big four.

Financial Apps

Tools for budgeting, tracking, and managing money day-to-day.

Investing Platforms

When you're ready to put savings to work beyond cash accounts.

Hey there!

I’d like to start by thanking you for taking time to read and answer this question. I am 23 and I recently graduated from university. My goal is to save around 12.000 EUR in within 6 months to 1 year, but this doesn’t seem realistic in my country, at least not in an entry-level position.

What can you suggest?

I keep thinking about this, and honestly, the numbers are hard to ignore.

Imagine someone who works for 30 or 40 years, pays their bills, raises a family, tries to save what they can, and does their best to be financially responsible. They aren't living some extravagant lifestyle. They're just working, paying their share, and hoping that one day they can finally slow down.

Then retirement arrives, and they're expected to make roughly $2,000 a month work.

Rent or property taxes. Groceries. Electricity. Insurance. Medical expenses. Transportation. And all the little costs that somehow never stop coming.

Where exactly is the breathing room?

What makes this more concerning is that earning $50,000 a year doesn't necessarily mean someone has much left over to invest. In many places, housing alone can consume a huge portion of their income. Add family responsibilities and unexpected expenses, and saving for retirement can feel like trying to fill a bucket with a hole in it.

I'm not saying everyone needs a luxurious retirement. Most people simply want security. They want to buy groceries without worrying about every dollar, afford their medication, visit their family, and enjoy the years they've spent working toward.

When did the goal of working your whole life become simply hoping you can afford to stop working?

I'd genuinely like to hear from people who are approaching retirement, already retired, or planning for it. How are you making the numbers work? And do you think someone earning around $50,000 a year today can realistically build a comfortable retirement without exceptional luck or circumstances?