How to save money.

[Hazir]

I like the OP's idea, but since im too bad at saving, and i like to buy thingies and gadgets, what i do is; i try to buy something of more
quality, so that it lasts me much longer, and the price justifies that.

For those that may have problems saving (like me) heres what you could do to make it easier on yourself saving; on each paycheck skip 3 days,
dont withdraw it on the 1-st (for example), withdraw on 4-th, and the next month on 7-th, its not that hard, and will make it more interesting.. but
in the end, its all about not spending on things you dont need.

Its like George Carlin said: "we buy shit we dont need, with money we dont have, to impress people we dont like" RIP legend

cheers

I like your ideas too. All of these are things I should start doing ASAP. Trying to go from zero to hero in savings, let's see how long it takes.

Well atleast you guys try to become better at saving, the other guys dont even recognize that they got problem with overspending...

Yeah, most people don't realize they can easily city out 10-20% by getting rid of additional expenses/impulse buys. Skip the $4 cup of coffee every day. Don't grab a bag of chips, smokes and a soda every time you get gas, drink water when you go out to eat, change you cable/phone plan (do you even need cable these days???), etc. Cutting your expenses should be your first goal .

Of course people can cut a lot by not eating out, by not buying small gifts for themselves on impulse, you don't need to drink coffree and alcohol at all, smoking is bad... You will be fine living with only mineral water and eating rice with vegetables everyday. But that is not the way, people are saving money just because they want live a better and more luxurious life, and not to be constantly pinching themselves about everything they buy, you can become a hermit and a saint by living by your rules...

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[Dotakels]

I like the OP's idea, but since im too bad at saving, and i like to buy thingies and gadgets, what i do is; i try to buy something of more
quality, so that it lasts me much longer, and the price justifies that.

For those that may have problems saving (like me) heres what you could do to make it easier on yourself saving; on each paycheck skip 3 days,
dont withdraw it on the 1-st (for example), withdraw on 4-th, and the next month on 7-th, its not that hard, and will make it more interesting.. but
in the end, its all about not spending on things you dont need.

Its like George Carlin said: "we buy shit we dont need, with money we dont have, to impress people we dont like" RIP legend

cheers

I like your ideas too. All of these are things I should start doing ASAP. Trying to go from zero to hero in savings, let's see how long it takes.

Well atleast you guys try to become better at saving, the other guys dont even recognize that they got problem with overspending...

Yeah, most people don't realize they can easily city out 10-20% by getting rid of additional expenses/impulse buys. Skip the $4 cup of coffee every day. Don't grab a bag of chips, smokes and a soda every time you get gas, drink water when you go out to eat, change you cable/phone plan (do you even need cable these days???), etc. Cutting your expenses should be your first goal .

Of course people can cut a lot by not eating out, by not buying small gifts for themselves on impulse, you don't need to drink coffree and alcohol at all, smoking is bad... You will be fine living with only mineral water and eating rice with vegetables everyday. But that is not the way, people are saving money just because they want live a better and more luxurious life, and not to be constantly pinching themselves about everything they buy, you can become a hermit and a saint by living by your rules...

Not totally. Why you not eat delicious food and not even buy a things that your life will be easier. This is [Suspicious link removed] point. I mean you can save but not doing that only 20% of your salary you will and then the left in your salary you can spend it by paying bill payments, paying your rentalk house.  You can live with a easier or live better using your savings not your monthly salary.

[aso118]

Of course people can cut a lot by not eating out, by not buying small gifts for themselves on impulse, you don't need to drink coffree and alcohol at all, smoking is bad... You will be fine living with only mineral water and eating rice with vegetables everyday. But that is not the way, people are saving money just because they want live a better and more luxurious life, and not to be constantly pinching themselves about everything they buy, you can become a hermit and a saint by living by your rules...

I don't save because I want a luxurious life. I save because I want to make sure that I will be able to manage my life when I am old and not be dependent on anybody.
People save because they want to make sure that they are not caught wanting in case there is a medical / other emergency.
People save so that they can leave their loved ones a little legacy when they die.
There are a multitude of reasons for saving. 

[Dotakels]

Of course people can cut a lot by not eating out, by not buying small gifts for themselves on impulse, you don't need to drink coffree and alcohol at all, smoking is bad... You will be fine living with only mineral water and eating rice with vegetables everyday. But that is not the way, people are saving money just because they want live a better and more luxurious life, and not to be constantly pinching themselves about everything they buy, you can become a hermit and a saint by living by your rules...

I don't save because I want a luxurious life. I save because I want to make sure that I will be able to manage my life when I am old and not be dependent on anybody.
People save because they want to make sure that they are not caught wanting in case there is a medical / other emergency.
People save so that they can leave their loved ones a little legacy when they die.
There are a multitude of reasons for saving. 

The main reason why the most people save is to secure their future when their got old and they can work, so that they have a money even if they have no work. Saving is not a joke if you start it finish it so you can have a luxurious life with your love ones. It is useful when theres a emergencies and you can use it for your sake but, remember think if your sake is good for you and good for other sake.

[ashour]

My advice on saving money would be to  cut unnecessary spending, instead of Pringles just buy a supermarket brand or other versions that are cheaper. Cut cigs, alcohol and other unhealthy stuff if you can, you bought something and didn't use it at all ? Don't be lazy and go refund it. There are many ways to save money and there are many reasons to save money.

[ashour]

Of course people can cut a lot by not eating out, by not buying small gifts for themselves on impulse, you don't need to drink coffree and alcohol at all, smoking is bad... You will be fine living with only mineral water and eating rice with vegetables everyday. But that is not the way, people are saving money just because they want live a better and more luxurious life, and not to be constantly pinching themselves about everything they buy, you can become a hermit and a saint by living by your rules...

I don't save because I want a luxurious life. I save because I want to make sure that I will be able to manage my life when I am old and not be dependent on anybody.
People save because they want to make sure that they are not caught wanting in case there is a medical / other emergency.
People save so that they can leave their loved ones a little legacy when they die.
There are a multitude of reasons for saving. 

The main reason why the most people save is to secure their future when their got old and they can work, so that they have a money even if they have no work. Saving is not a joke if you start it finish it so you can have a luxurious life with your love ones. It is useful when theres a emergencies and you can use it for your sake but, remember think if your sake is good for you and good for other sake.

Don't be the person that saves every single penny, it's not worth it. You have to keep a balance between spending and saving. I knew many people who wouldn't eat some days just to save $10 for cigs and alcohol or other useless stuff. Money is meant to be spent and enjoyed so once in a while go and buy something for you. You can get old and save as much money as you can but what's the point ? You will probably be old and to tired to do anything with it.

[Dotakels]

Of course people can cut a lot by not eating out, by not buying small gifts for themselves on impulse, you don't need to drink coffree and alcohol at all, smoking is bad... You will be fine living with only mineral water and eating rice with vegetables everyday. But that is not the way, people are saving money just because they want live a better and more luxurious life, and not to be constantly pinching themselves about everything they buy, you can become a hermit and a saint by living by your rules...

I don't save because I want a luxurious life. I save because I want to make sure that I will be able to manage my life when I am old and not be dependent on anybody.
People save because they want to make sure that they are not caught wanting in case there is a medical / other emergency.
People save so that they can leave their loved ones a little legacy when they die.
There are a multitude of reasons for saving. 

The main reason why the most people save is to secure their future when their got old and they can work, so that they have a money even if they have no work. Saving is not a joke if you start it finish it so you can have a luxurious life with your love ones. It is useful when theres a emergencies and you can use it for your sake but, remember think if your sake is good for you and good for other sake.

Don't be the person that saves every single penny, it's not worth it. You have to keep a balance between spending and saving. I knew many people who wouldn't eat some days just to save $10 for cigs and alcohol or other useless stuff. Money is meant to be spent and enjoyed so once in a while go and buy something for you. You can get old and save as much money as you can but what's the point ? You will probably be old and to tired to do anything with it.

But also many people save because it must and also they save because for they sake. They need to buy a stuff for their happiness. The people who save because they want to buy a cigarette or alcohol, you can't say that is a savings. You wouldn't buy a things that can harm you or they give you a sick, they must know that, that money is not for their wants its for they need.

[lumeire]

I travel a lot. I like spending my money on new experience and memories. 

[Amph]

Of course people can cut a lot by not eating out, by not buying small gifts for themselves on impulse, you don't need to drink coffree and alcohol at all, smoking is bad... You will be fine living with only mineral water and eating rice with vegetables everyday. But that is not the way, people are saving money just because they want live a better and more luxurious life, and not to be constantly pinching themselves about everything they buy, you can become a hermit and a saint by living by your rules...

I don't save because I want a luxurious life. I save because I want to make sure that I will be able to manage my life when I am old and not be dependent on anybody.
People save because they want to make sure that they are not caught wanting in case there is a medical / other emergency.
People save so that they can leave their loved ones a little legacy when they die.
There are a multitude of reasons for saving. 

The main reason why the most people save is to secure their future when their got old and they can work, so that they have a money even if they have no work. Saving is not a joke if you start it finish it so you can have a luxurious life with your love ones. It is useful when theres a emergencies and you can use it for your sake but, remember think if your sake is good for you and good for other sake.

Don't be the person that saves every single penny, it's not worth it. You have to keep a balance between spending and saving. I knew many people who wouldn't eat some days just to save $10 for cigs and alcohol or other useless stuff. Money is meant to be spent and enjoyed so once in a while go and buy something for you. You can get old and save as much money as you can but what's the point ? You will probably be old and to tired to do anything with it.

some of those people ene dthe month with a zero sum, this is why they try to save every penny, so i say you can't always do a balance between saving and spending, sometime you need to save everything you have because you are forced to spend too much, it depend by person to person

[carlosiness]

withdraw as much money as you can, leave some of them for taxes, food, petrol, transport, credit and put others under the pillow

[BIT-Sharon]

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 .

that is adequated to working class without much burden in living enviornment such as kids to raise or parents to support.

[Sithara007]

I totally agree with the original poster. But there is one more important thing which is well said by the famous business tycoon Warren Buffett that as soon as possible try to create a second source of income. Now let's try to understand what this second source of income can be: it can be an investment in the form of property through which you can have a rental income, or it can be buying of shares of some good dividend paying company, etc. But the sooner you created this source the better would be for yourself.

[chennan]

Every one should learn to save partial income for the future. But it doesn't means we are against spending. I support to buy the requisite not the luxurious things. I will give an example to elaborate my idea. If I need a car for the transportation, but my pocket only has $20k available for the purchase. A Volkswagen car costing $10k is suitable for all my requirement. But I like the Porsche costing me $30k, which means I have to borrow $10k. So do you see my points now?   

[Dotakels]

Every one should learn to save partial income for the future. But it doesn't means we are against spending. I support to buy the requisite not the luxurious things. I will give an example to elaborate my idea. If I need a car for the transportation, but my pocket only has $20k available for the purchase. A Volkswagen car costing $10k is suitable for all my requirement. But I like the Porsche costing me $30k, which means I have to borrow $10k. So do you see my points now?   

So your idea are all about buy what you can and don't loan so you can buy you want ? Spend your money in your needs, and your savings is for your want .

[Dotakels]

I totally agree with the original poster. But there is one more important thing which is well said by the famous business tycoon Warren Buffett that as soon as possible try to create a second source of income. Now let's try to understand what this second source of income can be: it can be an investment in the form of property through which you can have a rental income, or it can be buying of shares of some good dividend paying company, etc. But the sooner you created this source the better would be for yourself.

Yeah that is my point in my thread. I said that there are 2 types of how you spend your savings. Your example that you have must second income is my second type how you spend . If you read the thread and understand you must invest or make a business so that your savings will be worth it and also you can have another income.

[sukamasoto]

My current salary right about $ 192 / month (it's quite high on Asia)

$ 77 used it to pay my life insurance
$ 46 used it for daily eat
$ 20 ~ 40 used it for school things & fun

I'm glad that I can save my money about $ 29 ~ 49 every month  

[Dotakels]

My current salary right about $ 192 / month (it's quite high on Asia)

$ 77 used it to pay my life insurance
$ 46 used it for daily eat
$ 20 ~ 40 used it for school things & fun

I'm glad that I can save my money about $ 29 ~ 49 every month  

What is your job? i think it is really great job, because you have a high salary. But i notice that your savings in life insurance is so big $77 a month . I suggest to you that you budget for your fun will you erased to your budget list because you dont need it . its ok to have a fun and enjoy your money but i think its so big for your fun.

[Jeremycoin]

This is good for my future, I'll think about it

[Dotakels]

This is good for my future, I'll think about it

Hahahaha. Don't think do it its not hard to do it you only need to do is to save every month so you wont spend all your salary. This would help you to have a better future and you can buy what you want and need in your life.

[Sithara007]

I totally agree with the original poster. But there is one more important thing which is well said by the famous business tycoon Warren Buffett that as soon as possible try to create a second source of income. Now let's try to understand what this second source of income can be: it can be an investment in the form of property through which you can have a rental income, or it can be buying of shares of some good dividend paying company, etc. But the sooner you created this source the better would be for yourself.

Yeah that is my point in my thread. I said that there are 2 types of how you spend your savings. Your example that you have must second income is my second type how you spend . If you read the thread and understand you must invest or make a business so that your savings will be worth it and also you can have another income.

Ya, true. I might have missed that point. But could you please explain, what kind of new business we can start for second income other than the full time job, one is occupied with? Even I want to do something like this other than my full time job. Thanks.