Question

The discussion above offers two tips for saving money. Write a paragraph, using 125 words or more, that meets the following criteria: (1) states the two tips, and (2) tells why these tips work.

Answer 1

There are several tips to save money but there are two which are more effective than others. One of the most effective ways to save money is to plan ahead and make a budget for the money at hand. Include in your budget, meals, transportation allowance, and savings. It is very important to save at least 10% of your salary/profit. You can start with 10% and increase 1% every month or every two months. This can help you control your money and at the same time save for emergency expenses.