How to save money.

[torrentheaven]

i think there are many easy ways to save money for eg you can postpone your purchases and reducing the telephone bills and keep part of your wages for some investment that will help in future right now you will feel that its an expense in investing but in future you will be getting best returns.

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[umaOuma]

to save money one should open a savings a/c in a bank where some part of wages u can transfer from your salary a/c bank will pay you interest annually which can be a profitable. and stop spending on useless expenses just try to postpone the expenses this is the best way to save money.

[patt0]

I agree with the concept of saving money for emergency. Although some people don't earn enough for that. All they earn goes for basic expenses, food water etc. For those who have some money to spare, I don't agree that going to a concert or something like that, that gives you some pleasure is the same as wasting money. Good health is not just on a physical term, it's also on a psychological level, and you absolutely need to spend some money for things you like. That is not wasting money, that is taking care of yourself.

Obviously there must be a good management of all this aspects, and that is the key. About the tip on investing money on bank savings or a company etc, I see it as a huge risk though, and I'm not sure you should risk 10% of your savings in that. It seems to much. (a lot of people in Portugal lost theis savings on a bank for example)

[stromma44]

the best way of saving money is to have a spending plan. with a plan you will figure out what is your income and what are your expenses once you these two things you can look for ways to reduce your expenses or increase your income to allocate an amount of money you can afford to save.

[zeraTunerse]

there are many easy and simple ways to save money just have an piggy bank at home where you start saving small amount of money but over a period of time you will find a great fund which can be utilise at the time of emergency like medical bills or phone bills which will be helpful.

[zendantom]

avoid unwanted expenses..stop buying from grocerry every 2 months this will sound ridiculous but the main reason is some of the stuff will get stale over a period of 2 months and at that time you will realise that money has been wasted so buy stuff on weekly basis and save money.

[wearepoor]

planning plays an important role in saving money. no plan no savings..keep track record of expenses and review it on weekly and monthly basis this will give u an exact idea of where you are spending more and prepare an action plan so that one can reduce expenses in coming time.

[mearylll]

investment is the best option to save money for future causes. just start investing from small amount may be life insurance or in stocks. but stocks are little risky to invest life insurance pays you good and safe returns on your investment but in stocks you can make quick money.

[hunnaryb]

saving money is a tough job to do nowadays. employees are not getting higher wages and expenses are at door step present scenario is expenses exceeds income alternate way to save money is to have an extra income or may working overtime which can help in earning more and saving more.

[Xenoph0bia]

avoid starbucks coffee prepare it on your own go for jogging in early morning this will save gym expenses walk and go to office it will reduce cab or bus expenses use prepaid connection on your cell phones and use only at the time of emergency this are the simplest way to save money.

[Dotakels]

avoid starbucks coffee prepare it on your own go for jogging in early morning this will save gym expenses walk and go to office it will reduce cab or bus expenses use prepaid connection on your cell phones and use only at the time of emergency this are the simplest way to save money.

Your not saving, you are conserve your money. Dont conserve yourselves just only save 20% of your salary and you can spend your remaining money to the payments and bills and if theres left buy what you want because you already save.

[umaOuma]

Start with small Investment. Reduce Expenses, Try to work overtime, have a savings a/c , figure out total monthly income with expenses, if expenses are more either reduce them or find alternate source of income apart from job.. dream about big thing u want to buy, savings will start automatically.

[nerFohanzo]

To start with saving money is first you need to have a job, Once the income is started make an action plan, make two columns . Income VS Expenses. Keep some money safe at Home for emergency purposes. Follow the plan in the best possible way. Just try to save 15 to 20% of your salary.

[Erza]

To start with saving money is first you need to have a job, Once the income is started make an action plan, make two columns . Income VS Expenses. Keep some money safe at Home for emergency purposes. Follow the plan in the best possible way. Just try to save 15 to 20% of your salary.

Saving money is a good thing to do but its better just to save some 15%-20% at home and the rest you can invest it rather than save your salary at bank that give you a low interest and need to wait couple of years to withdraw your money

[Dotakels]

To surely that you have a saving every month is Savings-Income=Expenses. This formula will help you to determine what are you going to do. This is the easy way to know how much your savings and your expenses. Try this it would help you.

[freeyourmind]

To surely that you have a saving every month is Savings-Income=Expenses. This formula will help you to determine what are you going to do. This is the easy way to know how much your savings and your expenses. Try this it would help you.

I think you meant Income - Savings = Expenses

And since you control income and expenses, maybe an easier way to look at it is Income - Expenses = Savings.  But I'm not sure if this basic formula will help someone that is struggling to save.

[romjpn]

I'm buying things second-hand mostly. This helps a lot .
I could prepare my own food and bring it at my job but I'm too lazy for that  .
I think the best step is : work remotely (digital nomad) and go live in a cheap country. In Europe it's Portugal, Lithuania etc...
SE Asia is good as well. Cambodia is providing unlimited resident visa for ~300$ a year for example and you can live there quite cheap.
That's a thing I want to experience but now I'm a young wage slave in Tokyo with an emergency fund of 500 000 yens.

[Erdogan]

To save money nowadays, is to not save money, but rather save in valuable things. Half the people understand that. Be short dollar and long house. There are two problems: 1 Houses might go down. 2 Not everybody is in the position to get a loan (short dollar) and buy a house (long house).

What everybody can do is to set aside whatever you can (want) of your income and store the value in sound money, that is, money that is not designed to go down in value.

[Erza]

To save money nowadays, is to not save money, but rather save in valuable things. Half the people understand that. Be short dollar and long house. There are two problems: 1 Houses might go down. 2 Not everybody is in the position to get a loan (short dollar) and buy a house (long house).

What everybody can do is to set aside whatever you can (want) of your income and store the value in sound money, that is, money that is not designed to go down in value.

So what are you suggest to store? And which money that is not designed to go down in value? All money that have been designed is always down in value no matter what because that is being controlled by market not us that have a power to control it

[BTCevo]

I'm buying things second-hand mostly. This helps a lot .
I could prepare my own food and bring it at my job but I'm too lazy for that  .
I think the best step is : work remotely (digital nomad) and go live in a cheap country. In Europe it's Portugal, Lithuania etc...
SE Asia is good as well. Cambodia is providing unlimited resident visa for ~300$ a year for example and you can live there quite cheap.
That's a thing I want to experience but now I'm a young wage slave in Tokyo with an emergency fund of 500 000 yens.

Yes buying second things is helping you for your living cost, but how about if someone is being born not in a lets say a middle country or may be low. How are you going to suggest him with this condition?