How to save money.

[mark coins]

The best way to save money is to set up an automatic withdrawal from your savings or checking account to a mutual fund

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[aakashsangwan]

their are lot of ways to save money, post office recurring deposit , fixed deposit, and lot of them, its upto your earning , you have to decide how much you are going to save and where are you going to save the savings.

[Omikifuse]

The best way to save money is to set up an automatic withdrawal from your savings or checking account to a mutual fund

They will charge for such service of course and be investment option won't be the best for your.



First thing needed would be control the cash flow, that is, how much do you earn and what are your expenses, so you know how much you can invest

[Dotakels]

This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

One of the many ways to save money is to never purchase expensive items on impulse.  It is takes a strong willpower to do this, but this is essential if you really want to save money.

This is so true.It's all about the discipline.When I see something what I really would like to have and I know I could afford it, I check other places (also online) if I can find it cheaper or I decide to wait a few months and it will be cheaper.Flat screens is are a good example.

waiting until theres another brand new stuffs and the things that you want to buy will decrease the value because people want the latest one and not the old one.

[StevenLiang]

Buy gold and wait up price.

All I know is Bitreserve's bitgold is awesome. Flip from btc to gld to usd to yen to yuan and back to btc. Hold gold, but spend btc. All with real-time transparency.

I do not know about bitgold.
But for some reason, i agree with your post.

Earn BTC and convert it to the other prospective big currency such as Yuan.
Will try trading on Bitreserve's bitgold later.

[Triple]

Buy gold and wait up price.

All I know is Bitreserve's bitgold is awesome. Flip from btc to gld to usd to yen to yuan and back to btc. Hold gold, but spend btc. All with real-time transparency.

I do not know about bitgold.
But for some reason, i agree with your post.

Earn BTC and convert it to the other prospective big currency such as Yuan.
Will try trading on Bitreserve's bitgold later.

The Chinese Yuan is definitely NOT a good investment right now. If you've read the news you should see that the yuan is acutually in trouble with inflation and the economy of China might be going downward as a result.

[harizen]

Earn BTC and convert it to the other prospective big currency such as Yuan.
Will try trading on Bitreserve's bitgold later.

Why bother to trade it with other currency. All in all the rates still the same. Bitcoin price always at the rates of USD. There is no BTC to PHP, BTC to Yuan or BTC to other fiat currency.

[Linuld]

The best way to save money is to set up an automatic withdrawal from your savings or checking account to a mutual fund

This is also considered as a investment plans. But to invest money in these thing first one need to reduce there monthly expenses and need to save first. After saving then some portion can be invested in these investments. So to save more you should think what are expenses you can reduce first.

[MR.Seller]

You cannot do that plans if you don't have savings. Starts with savings. Maybe you can use money saving chart. This could be buying a new gadget or having a vacation somewhere. You can also build up your emergency fund or retirement fund from here. According to my friend. every year he does this to save up on something really nice at the end of the year. A goal is to keep you motivate to save and save BTC. I hope this can help.

[Dotakels]

Earn BTC and convert it to the other prospective big currency such as Yuan.
Will try trading on Bitreserve's bitgold later.

Why bother to trade it with other currency. All in all the rates still the same. Bitcoin price always at the rates of USD. There is no BTC to PHP, BTC to Yuan or BTC to other fiat currency.

yeah it only cause you a time or a fee every trade or exchange that you will make, because bitcoin to usd is the same with bitcoin to PHP, YUAN, EURO, etc. So don't do that its only time wasting and fee wasting.

[elmar01]

This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

One of the many ways to save money is to never purchase expensive items on impulse.  It is takes a strong willpower to do this, but this is essential if you really want to save money.

This is so true.It's all about the discipline.When I see something what I really would like to have and I know I could afford it, I check other places (also online) if I can find it cheaper or I decide to wait a few months and it will be cheaper.Flat screens is are a good example.

waiting until theres another brand new stuffs and the things that you want to buy will decrease the value because people want the latest one and not the old one.

I know right. Just take apple products for granted, everyone wants the new releases even though the device itself is too much for your budget. Because the BRAND itself has a great impact on the society you're in. People think if you have that kind of product your social status is above than the rest.

[Dotakels]

This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

One of the many ways to save money is to never purchase expensive items on impulse.  It is takes a strong willpower to do this, but this is essential if you really want to save money.

This is so true.It's all about the discipline.When I see something what I really would like to have and I know I could afford it, I check other places (also online) if I can find it cheaper or I decide to wait a few months and it will be cheaper.Flat screens is are a good example.

waiting until theres another brand new stuffs and the things that you want to buy will decrease the value because people want the latest one and not the old one.

I know right. Just take apple products for granted, everyone wants the new releases even though the device itself is too much for your budget. Because the BRAND itself has a great impact on the society you're in. People think if you have that kind of product your social status is above than the rest.

thought of idiots, because they think brand new is the best one and the oldest just last for only 2 weeks or a month is the cheap and can't do anything but if you will notice when the latest one was not already release, they struggle to buy.

[designerusa]

My personal suggestion:
Try to cut all your unnecessary bills. For example netflix, spotify why would you need them if you try to save money?

[bitbunnny]

It's hard to save, unless you don't have much higher incomes then your monthly obligations or some extra income. Life is getting more and more expensive

[harizen]

It's hard to save, unless you don't have much higher incomes then your monthly obligations or some extra income. Life is getting more and more expensive

Exactly. Obligations is one of the factor that's why people can't save money much even they want. For those people who earned average salary even they want to have a small percentage of salary to be saved still they have a hard time doing that. And take note, even some of the above average salary can't do savings much because of self interest and not self needs.

[roadbits]

It's hard to save, unless you don't have much higher incomes then your monthly obligations or some extra income. Life is getting more and more expensive

That is 100% true but if one should find a ways to save some percentage from their earnings for retirement life otherwise it will be very difficult later on and that's why one should start saving money when they are young and single. Later on after marriage and kids your expenses will grow and never come down. Either find a ways to save or find a ways to grow income that is only option to save money.

[troleybüs]

My personal suggestion:
Try to cut all your unnecessary bills. For example netflix, spotify why would you need them if you try to save money?

And this includes overpriced shopping. Always look for discounts and buy from the best price. Internet helps a lot in this case.
Don't buy anything if you don't really need them. If you have 2 shoes in good form, don't buy 3rd one.
Investment = savings If you spend your money you can't make investment.

[Proxiebuier]

It's hard to save, unless you don't have much higher incomes then your monthly obligations or some extra income. Life is getting more and more expensive

like OP say
look at this example

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

[harizen]

It's hard to save, unless you don't have much higher incomes then your monthly obligations or some extra income. Life is getting more and more expensive

That is 100% true but if one should find a ways to save some percentage from their earnings for retirement life otherwise it will be very difficult later on and that's why one should start saving money when they are young and single. Later on after marriage and kids your expenses will grow and never come down. Either find a ways to save or find a ways to grow income that is only option to save money.

Saving earnings for retirement purposes can't be think by the average numbers of mid age person since retirement age are still in the long way. They find it unusual  since they are planning early for their retirement at their young age.

[troleybüs]

It's hard to save, unless you don't have much higher incomes then your monthly obligations or some extra income. Life is getting more and more expensive

like OP say
look at this example

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Not everybody have same income. In my country people work for less than 1$ per hour. If your needed expenses are higher than your initial income how come you can save money? It's impossible.