Ways to save money even when you have no earned income. In other words, ways to start building wealth early in life, even when you don’t have any paying job.  

Many individuals have money in their hands without a job or paying job: Gifts, allowances, inheritance, government benefits, etc. The point here is that individuals can save some of this free money (money they don’t work for).

Money to save or money to invest doesn’t have to be earned (worked for). Here is an example: Homemakers (God bless their efforts) do have the house-upkeep budget for food, general maintenance for the household, allowance for the homemakers, entertainment, or children’s upkeep. Well, an idea is for the homemakers to spend less than the household budgeted, instead of spending the entire budget amount. Some individuals even spend more than their budget in order to make them feel good or do their best for the family. Individuals should save at least 10% of their budget. How? The individual should shop around and compare prices, reduce impulse buying, look for deals, use coupons, purchase items when on sale, buy in bulk (if economical), eat out less, purchase items for future season’s use at the current season’s price when same items are on sale, after the season. I know a friend who buys Christmas cards after Christmas day for the coming Christmas… and saved 40-50%. Keep in mind that current prices are overpriced. The key is not to necessarily live within your means but to live less than your means and save the difference for the future.