How to save money.

[tom555]

nowdays,really 2 hard to save money. but if you have a big amount of money, its not too hard. or may be i will try to buy some usefull stuff.

[1714642493]

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[1714642493]

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[Dotakels]

nowdays,really 2 hard to save money. but if you have a big amount of money, its not too hard. or may be i will try to buy some usefull stuff.

saving money isn't hard, you just only put your extra money in bank or in you piggy bank, its hard to those people who doesn't have a job or things that may they earn. its not hard if you are willing and you know how a great help of your saving someday.

[roadbits]

nowdays,really 2 hard to save money. but if you have a big amount of money, its not too hard. or may be i will try to buy some usefull stuff.

I do agree that now a days saving is quite difficult because daily needs prices went up very high. But we have no choice, we need to find some ways to cut our expenses to save some money if not lot. If you start early then even less savings also become more after few years but one thinks can save later then it will become difficult to save more in short time.

[MinerHQ]

It depends on individual lifestyle so if one want to save more then you need to compromise on lifestyle and can save slightly more money.

[CasioK]

nowdays,really 2 hard to save money. but if you have a big amount of money, its not too hard. or may be i will try to buy some usefull stuff.

I do agree that now a days saving is quite difficult because daily needs prices went up very high. But we have no choice, we need to find some ways to cut our expenses to save some money if not lot. If you start early then even less savings also become more after few years but one thinks can save later then it will become difficult to save more in short time.

With the normal earning no one can not save enough for his future. To save money one must earn more than his monthly or daily needs. Then starting saving would be much easier for a handsome amount for our future. Now we got a saving vehicle in the name of bitcoin.

[GPUmonitor]

Saving is a habit. Every one should get this habit from his childhood. Like what is the difference between buying $1 and $10 of pens? The pen serves the same function. The differences are their design and manufactures. Why should we waste $9 to buy a pen? Some one could probably say they like it or may think the higher price of the pen ,the better it is. I don't think so.

[StevenLiang]

In my opinion, fiat money is making our money worth less year by year salary doesnt raise as inflation soo we loose purchasing power of basic products soo bitcoin can loose or gain value but the ammount would keep the same 1 btc will be 1 btc in 10 years if not spended.

So change from fiat to bitcoin can become the best way to save money.

[Pierre 2]

-snip-

You got too much wage, if you lower your spending you can easily save money. Not everyone can do that.

[StevenLiang]

Saving is a habit. Every one should get this habit from his childhood. Like what is the difference between buying $1 and $10 of pens? The pen serves the same function. The differences are their design and manufactures. Why should we waste $9 to buy a pen? Some one could probably say they like it or may think the higher price of the pen ,the better it is. I don't think so.

Actually your said just realizing me.
Why should we waste more $ or money for same function like smart phone.

I just bought new smart phone, and if i seeing from "functional" perspective. My new phone not much different with my previous phone. I use it for social media, online, call, chat, music, and many more.

Maybe i just waste my money to same "function" of phone.

[harizen]

Saving is a habit. Every one should get this habit from his childhood. Like what is the difference between buying $1 and $10 of pens? The pen serves the same function. The differences are their design and manufactures. Why should we waste $9 to buy a pen? Some one could probably say they like it or may think the higher price of the pen ,the better it is. I don't think so.

Like in our local commercial ads,

"Why buy expensive one if those with smaller price can give you same result like the expensive brand can"

Im talking about detergent soap lol.

Part of saving money is wise buying. We must prioritize the quality of the product when buying. If we found some quality things that can do the same as branded one then definitely be practical.

[Abiky]

Saving is a habit. Every one should get this habit from his childhood. Like what is the difference between buying $1 and $10 of pens? The pen serves the same function. The differences are their design and manufactures. Why should we waste $9 to buy a pen? Some one could probably say they like it or may think the higher price of the pen ,the better it is. I don't think so.

Like in our local commercial ads,

"Why buy expensive one if those with smaller price can give you same result like the expensive brand can"

Im talking about detergent soap lol.

Part of saving money is wise buying. We must prioritize the quality of the product when buying. If we found some quality things that can do the same as branded one then definitely be practical.

Exactly. Something of this reminds me of Apple and Samsung. If you were to choose between price and quality, I think the best choice would be Samsung smartphones, since compared to Apple's iPhone, it is much more cheaper and you will get around the same quality as an expensive one. (if I'm correct) This can also be applied to other products that you will want to buy. Like for example, when choosing to buy a car, you have a choice between luxury (expensive) cars (with brands like Mercedez Benz, Audi, or Ferrari) or normal cars such as Toyota, Suzuki, Nissan, etc. Just my opinion. 

[harizen]

Saving is a habit. Every one should get this habit from his childhood. Like what is the difference between buying $1 and $10 of pens? The pen serves the same function. The differences are their design and manufactures. Why should we waste $9 to buy a pen? Some one could probably say they like it or may think the higher price of the pen ,the better it is. I don't think so.

Like in our local commercial ads,

"Why buy expensive one if those with smaller price can give you same result like the expensive brand can"

Im talking about detergent soap lol.

Part of saving money is wise buying. We must prioritize the quality of the product when buying. If we found some quality things that can do the same as branded one then definitely be practical.

Exactly. Something of this reminds me of Apple and Samsung. If you were to choose between price and quality, I think the best choice would be Samsung smartphones, since compared to Apple's iPhone, it is much more cheaper and you will get around the same quality as an expensive one. (if I'm correct) This can also be applied to other products that you will want to buy. Like for example, when choosing to buy a car, you have a choice between luxury (expensive) cars (with brands like Mercedez Benz, Audi, or Ferrari) or normal cars such as Toyota, Suzuki, Nissan, etc. Just my opinion. 

Good example about Apple and Android phones. Here in our country if you have an Iphone, users feel they are advantages than those who doesn't have but my low budget Android can do more than their Iphone lol. Apple is not an open source so developers are not that present unlike Android that has many developers but in case of security Apple is better. But hey security? The owners itself is the great tool of their gadgets security and not by the brand name. Im not against the Apple products it's just that Im practical because if those low budget can do what Iphone can do then I go for the low budget but the specs is quite interesting. Im an Android enthusiast too so I can place tweaks in my smartphone.

Being practical is a good practice when saving your money.

[the_poet]

Great thread! I've just found it and enabled notifications.

[Dotakels]

Saving is a habit. Every one should get this habit from his childhood. Like what is the difference between buying $1 and $10 of pens? The pen serves the same function. The differences are their design and manufactures. Why should we waste $9 to buy a pen? Some one could probably say they like it or may think the higher price of the pen ,the better it is. I don't think so.

Like in our local commercial ads,

"Why buy expensive one if those with smaller price can give you same result like the expensive brand can"

Im talking about detergent soap lol.

Part of saving money is wise buying. We must prioritize the quality of the product when buying. If we found some quality things that can do the same as branded one then definitely be practical.

Exactly. Something of this reminds me of Apple and Samsung. If you were to choose between price and quality, I think the best choice would be Samsung smartphones, since compared to Apple's iPhone, it is much more cheaper and you will get around the same quality as an expensive one. (if I'm correct) This can also be applied to other products that you will want to buy. Like for example, when choosing to buy a car, you have a choice between luxury (expensive) cars (with brands like Mercedez Benz, Audi, or Ferrari) or normal cars such as Toyota, Suzuki, Nissan, etc. Just my opinion. 

Good example about Apple and Android phones. Here in our country if you have an Iphone, users feel they are advantages than those who doesn't have but my low budget Android can do more than their Iphone lol. Apple is not an open source so developers are not that present unlike Android that has many developers but in case of security Apple is better. But hey security? The owners itself is the great tool of their gadgets security and not by the brand name. Im not against the Apple products it's just that Im practical because if those low budget can do what Iphone can do then I go for the low budget but the specs is quite interesting. Im an Android enthusiast too so I can place tweaks in my smartphone.

Being practical is a good practice when saving your money.

yeah theres so many things that android can do than to iphone, because iphone is not an open source and its bluetooth connectivity is for only iphone users only. And its too very expensive .

[MinerHQ]

Either by spending less money or by increasing your earning more can save more money but this process is not very easy to implement.

[cutesakura]

Saving money is one of those tasks that's so much easier said than done — everyone knows it's smart to save money in the long run, but many of us still have difficulty doing it. There's more to saving than simply spending less money, although this alone can be challenging. Smart money-savers also need to consider how to spend the money they do have as well as how to maximize their income. Start with Step 1 below to learn how to set realistic goals, keep your spending in check, and get the greatest long-term benefit for your money.

1. Pay yourself first.The easiest way to save money rather than spending it is to make sure that that you never get a chance to spend the money in the first place. Arranging for a portion of each paycheck to be deposited directly into a savings account or a retirement account takes the stress and tedium out of the process of deciding how much money to save and how much to keep for yourself each month — basically, you save automatically and the money you keep each month is yours to spend as you please. Over time, depositing even a small portion of each paycheck into your savings can add up (especially when you take interest into account) so start as soon as you can for maximum benefit.

    To set up an automatic deposit, talk to the payroll staff at your job (or, if your employer uses one, your third-party payroll service). If you can provide account information for a savings account separate from your basic checking account, you should generally be able to set up a direct deposit scheme with no problems.
    If for some reason you can't set up an automatic deposit for each paycheck (like if you support yourself with freelance work or are paid mostly in cash), decide on a specific cash amount to manually deposit into a savings account each month and stick to this goal.

 2. Avoid accumulating new debt. Some debt is essentially unavoidable. For instance, only the very rich have enough money to buy a house in one lump sum payment, yet millions of people are able to buy houses by taking out loans and slowly paying them back. However, in general, when you can avoid going into debt, do so. Paying a sum of money up-front is always cheaper in the long run than paying off an equivalent loan while interest accumulates over time.

    If taking out a loan is unavoidable, try to make as big of down payment as possible. The more of the cost of the purchase you can cover up front, the quicker you'll pay off your loan and the less you'll spend on interest.
    While everyone's financial situation differs, most banks recommend that your debt payments should be about 10% of your pretax income, while anything under 20% is considered healthy. About 36% is seen as an "upper limit" for reasonable amounts of debt

 3. Set reasonable savings goals. It's a lot easier to save if you know you have something to save for. Set yourself savings goals that are within your reach to motivate yourself to make the tough financial decisions needed to save responsibly. For serious goals like buying a house or retiring, your goals may take years or decades to achieve. In these cases, it's important to monitor your progress on a regular basis. Only by stepping back and taking a look at the big picture can you get a sense for how far you've come and how far you have left to go.

    Big goals, like retirement, take a very long time to achieve. In the time needed to reach these goals, financial markets are likely to be different than they are today. You may need to spend some time researching the predicted future state of the market before setting your goal. For instance, if you're in your prime earning years, most financial commentators say that you'll need about 60-85% of your currently yearly income to maintain your current lifestyle each year you're retired

 4.stablish a time-frame for your goals. Giving yourself ambitious (but reasonable) time limits for achieving your goals can be a great motivational tool. For example, let's say that you set a goal of being on your way to owning a house two years from today. In this case, you'd need to investigate the average home cost in the area you'd like to live in and start saving for the down payment on your new house (as a general rule, down payments are often required to be no less than 20% of the purchase price of the house).[3]

    So, in our example, if houses in the area you're looking at are about $300,000 apiece, you'll need to come up with at least 300,000 × 20% = $60,000 in two years. Depending on how much you make, this may or may not be feasible.
    Setting time frames is especially important for essential short-term goals. For instance, if your car's transmission needs to be replaced, but you can't afford the new transmission, you'll want to save up the money for the replacement as quickly as possible to ensure you're not left without a way to get to work. An ambitious but reasonable time frame can help you achieve this goal.

 5.Keep a budget. It's easy to commit to ambitious savings goals, but if you don't have any way to keep track of your expenses, you'll find that it's difficult to achieve them. To keep your financial progress on-track, try budgeting out your income at the beginning of each month. Assigning a set portion of your income to all of your major expenses ahead of time can help ensure that you don't waste money, especially if you actually divide each paycheck according to your budget as soon as you get it.

    For instance, on an income of $3,000 per month, we might budget as follows:

                Housing/utilities: $1,000
                Student loans: $300
                Food: $500
                Internet: $70
                Gasoline: $150
                Savings: $500
                Misc.: $200
                Luxuries: $280

 6.Record your expenses. Keeping a tight budget is a must for anyone looking to save money, but if you don't keep track of your expenses, you may find that it's difficult to stick to your goals. Keeping a running tally of how much you've spent on various types of expenses each month can help you identify "problem" areas and adjust your spending habits to fit your budget. However, keeping track of your expenses can require a serious attention to detail. While everyone should keep track of major expenses like housing and debt repayment, the amount of attention you devote to minor expenses generally increases with the seriousness of your financial situations.

    It can be handy to keep a small notebook with you at all times. Get in the habit of recording every expense and saving your receipts (especially for major purchases). When you can, enter your expenses in a larger notebook or a spreadsheet program for your long-term records.
    Note that, today, there are many apps you can download to your phone that can help you keep track of your expenses (some of which are free).
    If you have serious spending problems, don't be afraid to save every single receipt. At the end of the month, divide your receipts into categories, then tally each up. You may be shocked how much money you spend on purchases that are far from essential.

7. Start saving as early as possible. Money that's squirreled away in savings accounts usually accumulates interest at a set percentage rate. The longer your money remains in the savings account, the more interest you accumulate. Thus, it's in your advantage to start saving as soon as you possibly can. Even if you're only able to contribute a tiny amount to your savings each month when you're in your twenties, do so. Relatively small amounts of cash left in interest-yielding accounts for long periods of time can eventually accumulate to several times their initial value.

    For example, let's say that, by working a low-paying job during your twenties, you eventually save up $10,000 and put this money into a high-yield account with a 4% annual interest rate. Over 5 years, this will earn you about $2,166.53. However, if you had put this money away one year earlier, you would have made about $500 more by the same point in time without any extra effort — a small but not insignificant bonus.

8.Consider contributing to a retirement account. During the years when you're young, energetic, and healthy, retirement can seem so far away that it's almost not worth even thinking about. By the time you're older and begin to lose steam, it can be all that you think about. Unless you're one of the lucky few who stand to inherit serious wealth, saving for retirement is something you'll need to think about once you establish a stable career — the sooner, the better. As noted above, though almost everyone's situation is different, it's wise to plan on having about 60-85% of your yearly income available to maintain your current standard of living for each year that you are retired.

    If you haven't already done so, talk to your employer about the possibility of contributing to a 401(k). These retirement accounts allow you to automatically deposit a set amount of each paycheck in the account, making saving easy. Additionally, the money you deposit into a 401(k) is often not subject to the same taxes as the rest of the money in your paycheck. Finally, many employers offer proportional matching programs with their 401(k) services, meaning that they'll match a certain percentage of each payment.
    As of 2014, the maximum amount of money you are allowed to place in a 401(k) per year is $17,500.

 9. Make stock market investments cautiously. If you've been saving responsibly and have a little extra money at your disposal, investing in the stock market can be a lucrative (but risky) opportunity to make extra money. Before investing in stocks, it's important to understand that any money you invest in the stock market can potentially be lost for good, especially if you don't know what you're doing, so don't use this as a method for long-term saving. Instead, treat the stock market as a chance to essentially make educated gambles with money you can stand to lose. In general, most people don't need to invest in the stock market at all to responsibly save for retirement.[5]

    For more information on making intelligent stock investment decisions, see How to Invest in the Stock Market.

 10. Don't get discouraged. When you're having trouble saving money, it's easy to lose your nerve. Your situation may seem hopeless — it may seem almost impossible to save up the money you need to meet your long-term goals. However, no matter how little you're starting with, it's always possible to begin saving money. The sooner you start, the sooner you can be on your way to financial security.

    If you're discouraged about your financial situation, consider talking to a financial counseling service. These agencies, which often operate for free or very cheap, exist to help you begin saving so that you can meet your financial goals. The National Foundation for Credit Counseling (NFCC), a non-profit organization, is a great place to start

[Dotakels]

Saving money is one of those tasks that's so much easier said than done — everyone knows it's smart to save money in the long run, but many of us still have difficulty doing it. There's more to saving than simply spending less money, although this alone can be challenging. Smart money-savers also need to consider how to spend the money they do have as well as how to maximize their income. Start with Step 1 below to learn how to set realistic goals, keep your spending in check, and get the greatest long-term benefit for your money.

1. Pay yourself first.The easiest way to save money rather than spending it is to make sure that that you never get a chance to spend the money in the first place. Arranging for a portion of each paycheck to be deposited directly into a savings account or a retirement account takes the stress and tedium out of the process of deciding how much money to save and how much to keep for yourself each month — basically, you save automatically and the money you keep each month is yours to spend as you please. Over time, depositing even a small portion of each paycheck into your savings can add up (especially when you take interest into account) so start as soon as you can for maximum benefit.

    To set up an automatic deposit, talk to the payroll staff at your job (or, if your employer uses one, your third-party payroll service). If you can provide account information for a savings account separate from your basic checking account, you should generally be able to set up a direct deposit scheme with no problems.
    If for some reason you can't set up an automatic deposit for each paycheck (like if you support yourself with freelance work or are paid mostly in cash), decide on a specific cash amount to manually deposit into a savings account each month and stick to this goal.

 2. Avoid accumulating new debt. Some debt is essentially unavoidable. For instance, only the very rich have enough money to buy a house in one lump sum payment, yet millions of people are able to buy houses by taking out loans and slowly paying them back. However, in general, when you can avoid going into debt, do so. Paying a sum of money up-front is always cheaper in the long run than paying off an equivalent loan while interest accumulates over time.

    If taking out a loan is unavoidable, try to make as big of down payment as possible. The more of the cost of the purchase you can cover up front, the quicker you'll pay off your loan and the less you'll spend on interest.
    While everyone's financial situation differs, most banks recommend that your debt payments should be about 10% of your pretax income, while anything under 20% is considered healthy. About 36% is seen as an "upper limit" for reasonable amounts of debt

 3. Set reasonable savings goals. It's a lot easier to save if you know you have something to save for. Set yourself savings goals that are within your reach to motivate yourself to make the tough financial decisions needed to save responsibly. For serious goals like buying a house or retiring, your goals may take years or decades to achieve. In these cases, it's important to monitor your progress on a regular basis. Only by stepping back and taking a look at the big picture can you get a sense for how far you've come and how far you have left to go.

    Big goals, like retirement, take a very long time to achieve. In the time needed to reach these goals, financial markets are likely to be different than they are today. You may need to spend some time researching the predicted future state of the market before setting your goal. For instance, if you're in your prime earning years, most financial commentators say that you'll need about 60-85% of your currently yearly income to maintain your current lifestyle each year you're retired

 4.stablish a time-frame for your goals. Giving yourself ambitious (but reasonable) time limits for achieving your goals can be a great motivational tool. For example, let's say that you set a goal of being on your way to owning a house two years from today. In this case, you'd need to investigate the average home cost in the area you'd like to live in and start saving for the down payment on your new house (as a general rule, down payments are often required to be no less than 20% of the purchase price of the house).[3]

    So, in our example, if houses in the area you're looking at are about $300,000 apiece, you'll need to come up with at least 300,000 × 20% = $60,000 in two years. Depending on how much you make, this may or may not be feasible.
    Setting time frames is especially important for essential short-term goals. For instance, if your car's transmission needs to be replaced, but you can't afford the new transmission, you'll want to save up the money for the replacement as quickly as possible to ensure you're not left without a way to get to work. An ambitious but reasonable time frame can help you achieve this goal.

 5.Keep a budget. It's easy to commit to ambitious savings goals, but if you don't have any way to keep track of your expenses, you'll find that it's difficult to achieve them. To keep your financial progress on-track, try budgeting out your income at the beginning of each month. Assigning a set portion of your income to all of your major expenses ahead of time can help ensure that you don't waste money, especially if you actually divide each paycheck according to your budget as soon as you get it.

    For instance, on an income of $3,000 per month, we might budget as follows:

                Housing/utilities: $1,000
                Student loans: $300
                Food: $500
                Internet: $70
                Gasoline: $150
                Savings: $500
                Misc.: $200
                Luxuries: $280

 6.Record your expenses. Keeping a tight budget is a must for anyone looking to save money, but if you don't keep track of your expenses, you may find that it's difficult to stick to your goals. Keeping a running tally of how much you've spent on various types of expenses each month can help you identify "problem" areas and adjust your spending habits to fit your budget. However, keeping track of your expenses can require a serious attention to detail. While everyone should keep track of major expenses like housing and debt repayment, the amount of attention you devote to minor expenses generally increases with the seriousness of your financial situations.

    It can be handy to keep a small notebook with you at all times. Get in the habit of recording every expense and saving your receipts (especially for major purchases). When you can, enter your expenses in a larger notebook or a spreadsheet program for your long-term records.
    Note that, today, there are many apps you can download to your phone that can help you keep track of your expenses (some of which are free).
    If you have serious spending problems, don't be afraid to save every single receipt. At the end of the month, divide your receipts into categories, then tally each up. You may be shocked how much money you spend on purchases that are far from essential.

7. Start saving as early as possible. Money that's squirreled away in savings accounts usually accumulates interest at a set percentage rate. The longer your money remains in the savings account, the more interest you accumulate. Thus, it's in your advantage to start saving as soon as you possibly can. Even if you're only able to contribute a tiny amount to your savings each month when you're in your twenties, do so. Relatively small amounts of cash left in interest-yielding accounts for long periods of time can eventually accumulate to several times their initial value.

    For example, let's say that, by working a low-paying job during your twenties, you eventually save up $10,000 and put this money into a high-yield account with a 4% annual interest rate. Over 5 years, this will earn you about $2,166.53. However, if you had put this money away one year earlier, you would have made about $500 more by the same point in time without any extra effort — a small but not insignificant bonus.

8.Consider contributing to a retirement account. During the years when you're young, energetic, and healthy, retirement can seem so far away that it's almost not worth even thinking about. By the time you're older and begin to lose steam, it can be all that you think about. Unless you're one of the lucky few who stand to inherit serious wealth, saving for retirement is something you'll need to think about once you establish a stable career — the sooner, the better. As noted above, though almost everyone's situation is different, it's wise to plan on having about 60-85% of your yearly income available to maintain your current standard of living for each year that you are retired.

    If you haven't already done so, talk to your employer about the possibility of contributing to a 401(k). These retirement accounts allow you to automatically deposit a set amount of each paycheck in the account, making saving easy. Additionally, the money you deposit into a 401(k) is often not subject to the same taxes as the rest of the money in your paycheck. Finally, many employers offer proportional matching programs with their 401(k) services, meaning that they'll match a certain percentage of each payment.
    As of 2014, the maximum amount of money you are allowed to place in a 401(k) per year is $17,500.

 9. Make stock market investments cautiously. If you've been saving responsibly and have a little extra money at your disposal, investing in the stock market can be a lucrative (but risky) opportunity to make extra money. Before investing in stocks, it's important to understand that any money you invest in the stock market can potentially be lost for good, especially if you don't know what you're doing, so don't use this as a method for long-term saving. Instead, treat the stock market as a chance to essentially make educated gambles with money you can stand to lose. In general, most people don't need to invest in the stock market at all to responsibly save for retirement.[5]

    For more information on making intelligent stock investment decisions, see How to Invest in the Stock Market.

 10. Don't get discouraged. When you're having trouble saving money, it's easy to lose your nerve. Your situation may seem hopeless — it may seem almost impossible to save up the money you need to meet your long-term goals. However, no matter how little you're starting with, it's always possible to begin saving money. The sooner you start, the sooner you can be on your way to financial security.

    If you're discouraged about your financial situation, consider talking to a financial counseling service. These agencies, which often operate for free or very cheap, exist to help you begin saving so that you can meet your financial goals. The National Foundation for Credit Counseling (NFCC), a non-profit organization, is a great place to start

Things that should remember when you are saving, And great post thanks for sharing what you know about saving and the strategies are so very great.

[AtheistAKASaneBrain]

Saving is a habit. Every one should get this habit from his childhood. Like what is the difference between buying $1 and $10 of pens? The pen serves the same function. The differences are their design and manufactures. Why should we waste $9 to buy a pen? Some one could probably say they like it or may think the higher price of the pen ,the better it is. I don't think so.

Like in our local commercial ads,

"Why buy expensive one if those with smaller price can give you same result like the expensive brand can"

Im talking about detergent soap lol.

Part of saving money is wise buying. We must prioritize the quality of the product when buying. If we found some quality things that can do the same as branded one then definitely be practical.

Exactly. Something of this reminds me of Apple and Samsung. If you were to choose between price and quality, I think the best choice would be Samsung smartphones, since compared to Apple's iPhone, it is much more cheaper and you will get around the same quality as an expensive one. (if I'm correct) This can also be applied to other products that you will want to buy. Like for example, when choosing to buy a car, you have a choice between luxury (expensive) cars (with brands like Mercedez Benz, Audi, or Ferrari) or normal cars such as Toyota, Suzuki, Nissan, etc. Just my opinion. 

Good example about Apple and Android phones. Here in our country if you have an Iphone, users feel they are advantages than those who doesn't have but my low budget Android can do more than their Iphone lol. Apple is not an open source so developers are not that present unlike Android that has many developers but in case of security Apple is better. But hey security? The owners itself is the great tool of their gadgets security and not by the brand name. Im not against the Apple products it's just that Im practical because if those low budget can do what Iphone can do then I go for the low budget but the specs is quite interesting. Im an Android enthusiast too so I can place tweaks in my smartphone.

Being practical is a good practice when saving your money.

It's all a mental game... a matter of status. Sure iPhone may sometimes have a big higher quality of aesthetic materials, but ultimately a phone is a phone, and Android can do everything iPhone does and more. It's just the fact your phone has a drawing of an Apple on it that makes it special for some people.

[futurebit640]

Either by spending less money or by increasing your earning more can save more money but this process is not very easy to implement.

Yes one can save money only by reducing their expenses or if they can't reduce then they should find ways to increase the earnings otherwise saving will be very difficult task for everyone. Now all prices are going up and saving become a difficult so we should need to find a ways reduce our unwanted spendings to save money.

[Abiky]

You should make a spreadsheet or a list of all your income and expenses on one side and your savings on another. That way you could keep track of everything and better manage your financial future. I’ve been doing this, but with my crypto investments. My crypto portfolio has been growing every day. Sometimes, I wish I’d hit the jackpot though.