How to save money.

[bryant.coleman]

I would go for the safest way because I would never forgive myself if I would invest into something and in the end I would lose my money.
So I would just save my money in the bank where it is safe.

What makes you think that the money currently deposited in your bank account is 100% free from risk? Remember Cyprus? I have seen posts here in Bitcointalk, by bank account holders who lost more than 80% of their life savings. Check this one:

https://bitcointalk.org/index.php?topic=160292.0

Even if there is no haircut, now a number of banks offer negative interest rates. You need to pay the banks for storing your money in the savings accounts.

[1714658714]

1714658714

[1714658714]

1714658714

[1714658714]

1714658714

[1714658714]

1714658714

[hendra147]

I think one key to saving is to try to live below your means.  Too many people live above their means and get into debt.  Get used to a lifestyle that is simpler and then you can save a little.

yeah simple life is one good way to save money. I like the simple life and try to buy something because you need, not because you are interested in these items, it is my principle.

[deisik]

Even if there is no haircut, now a number of banks offer negative interest rates. You need to pay the banks for storing your money in the savings accounts.

"Offer negative interest rates", lol. I'd rather say they demand negative interest rates, but never mind, war is peace, and failure is definitely success

[namcunguyen]

I just thought the average person put a set amount in the bank every week , fortnight , month depending on their pay schedule.

Sometimes unforeseen expenses come up so then savings will be less.

If you have nothing to save then strive for better job or cut down on unnecessary things.

[BitHodler]

I just thought the average person put a set amount in the bank every week , fortnight , month depending on their pay schedule.

Sometimes unforeseen expenses come up so then savings will be less.

If you have nothing to save then strive for better job or cut down on unnecessary things.

Saving each month a part of your income is a normal thing to do and highly recommended.

But in several cases people have high living standards that don't match their income and thus they end up needing more money than they receive each month.

That's how people burn through their money and end up building up a debt that is only getting worse.

[mrhelpful]

I just thought the average person put a set amount in the bank every week , fortnight , month depending on their pay schedule.

Sometimes unforeseen expenses come up so then savings will be less.

If you have nothing to save then strive for better job or cut down on unnecessary things.

I say the average person is only limited to their own self education of their financial literacy.

So if they dont reach outside to gain knowledge to life hack, then its only understandable the reason what they do is based on what 90% are believe they are doing.

[Fatanut]

I just thought the average person put a set amount in the bank every week , fortnight , month depending on their pay schedule.

Sometimes unforeseen expenses come up so then savings will be less.

If you have nothing to save then strive for better job or cut down on unnecessary things.

Saving each month a part of your income is a normal thing to do and highly recommended.

But in several cases people have high living standards that don't match their income and thus they end up needing more money than they receive each month.

That's how people burn through their money and end up building up a debt that is only getting worse.

They don't actually mind getting buried by debt because all they want to do is build an extraordinarily rich lifestyle. All this social media stuffs, they all lead us into spending more than what we can earn monthly. I would recommend that you guys try to stay away from social media as much as you can because seeing all those material stuffs and other rich people's profiles will only lead you into buying unnecessary things.

[agustina2]

I just thought the average person put a set amount in the bank every week , fortnight , month depending on their pay schedule.

Sometimes unforeseen expenses come up so then savings will be less.

If you have nothing to save then strive for better job or cut down on unnecessary things.

Saving each month a part of your income is a normal thing to do and highly recommended.

But in several cases people have high living standards that don't match their income and thus they end up needing more money than they receive each month.

That's how people burn through their money and end up building up a debt that is only getting worse.

They don't actually mind getting buried by debt because all they want to do is build an extraordinarily rich lifestyle. All this social media stuffs, they all lead us into spending more than what we can earn monthly. I would recommend that you guys try to stay away from social media as much as you can because seeing all those material stuffs and other rich people's profiles will only lead you into buying unnecessary things.

No reason to point it out on social media. It's the person's mistake and self planning and money management must come to that person. Social media is just part of the nature but all in all person's personal thought about saving money is the key to make it succeed.

[Marbit]

I just thought the average person put a set amount in the bank every week , fortnight , month depending on their pay schedule.

Sometimes unforeseen expenses come up so then savings will be less.

If you have nothing to save then strive for better job or cut down on unnecessary things.

Saving each month a part of your income is a normal thing to do and highly recommended.

But in several cases people have high living standards that don't match their income and thus they end up needing more money than they receive each month.

That's how people burn through their money and end up building up a debt that is only getting worse.

They don't actually mind getting buried by debt because all they want to do is build an extraordinarily rich lifestyle. All this social media stuffs, they all lead us into spending more than what we can earn monthly. I would recommend that you guys try to stay away from social media as much as you can because seeing all those material stuffs and other rich people's profiles will only lead you into buying unnecessary things.

No reason to point it out on social media. It's the person's mistake and self planning and money management must come to that person. Social media is just part of the nature but all in all person's personal thought about saving money is the key to make it succeed.

If you want to save money then you need great level of discipline and you should be ready with a plan to how to execute it, stop spending on useless things and that will help you in saving your money.

[agustina2]

I just thought the average person put a set amount in the bank every week , fortnight , month depending on their pay schedule.

Sometimes unforeseen expenses come up so then savings will be less.

If you have nothing to save then strive for better job or cut down on unnecessary things.

Saving each month a part of your income is a normal thing to do and highly recommended.

But in several cases people have high living standards that don't match their income and thus they end up needing more money than they receive each month.

That's how people burn through their money and end up building up a debt that is only getting worse.

They don't actually mind getting buried by debt because all they want to do is build an extraordinarily rich lifestyle. All this social media stuffs, they all lead us into spending more than what we can earn monthly. I would recommend that you guys try to stay away from social media as much as you can because seeing all those material stuffs and other rich people's profiles will only lead you into buying unnecessary things.

No reason to point it out on social media. It's the person's mistake and self planning and money management must come to that person. Social media is just part of the nature but all in all person's personal thought about saving money is the key to make it succeed.

If you want to save money then you need great level of discipline and you should be ready with a plan to how to execute it, stop spending on useless things and that will help you in saving your money.

Yes disciplined is important. Those saving the money plan of yours will not be effective if you don't have a disciplined. You can easily follow any methods just become serious about your saving goals.

[bamboylee]

The easiest way to save money is to take a part of your salary saving in bank.
But it's not the best way. The best way is to invest something.

I would go for the safest way because I would never forgive myself if I would invest into something and in the end I would lose my money.
So I would just save my money in the bank where it is safe.

Everyone has its own risk level and it is fine if you don't have the guts to risk. But remember the old adage, no risk no gain. It is just fine to risk something for a greater gain as long as you studied everything before you invest. And putting it in a bank is not a safe option either. Banks can go bankrupt. And you lose to inflation rate over time.

[romero121]

Saving money is very easy with the lots of methods available in the form of banking and other financing and investment form. Right now one among the best is the saving in the form of bitcoin.

[ivanst776]

Saving money is very easy with the lots of methods available in the form of banking and other financing and investment form. Right now one among the best is the saving in the form of bitcoin.

saving in bitcoin is no doubt the best way to save money. in today's date we can save money in lots of ways. but bitcoin is obviously the best method for saving money.. and the best part of bitcoin saving is we can control our money by our self.. we do not need any bank's or any company's help to save and hold our money.
simply deposit bitcoin to the freeze wallet and that's it.

[Doms]

Saving money is very easy with the lots of methods available in the form of banking and other financing and investment form. Right now one among the best is the saving in the form of bitcoin.

saving in bitcoin is no doubt the best way to save money. in today's date we can save money in lots of ways. but bitcoin is obviously the best method for saving money.. and the best part of bitcoin saving is we can control our money by our self.. we do not need any bank's or any company's help to save and hold our money.
simply deposit bitcoin to the freeze wallet and that's it.

I would have to disagree with you on stating that saving in BTC is the best way to save money. Most of us here are merely speculating as to what price BTC is going to reach in the coming months. Certain risks are associated with putting your money in BTC. If someone is a conservative investor, he would have doubts if he sees that the price is not really stable.

[justspare]

Saving money is very easy with the lots of methods available in the form of banking and other financing and investment form. Right now one among the best is the saving in the form of bitcoin.

saving in bitcoin is no doubt the best way to save money. in today's date we can save money in lots of ways. but bitcoin is obviously the best method for saving money.. and the best part of bitcoin saving is we can control our money by our self.. we do not need any bank's or any company's help to save and hold our money.
simply deposit bitcoin to the freeze wallet and that's it.

Yeah I agree with you. Just invest your money into Bitcoin and then just keep in a cold wallet. It is such a hassle to get it out, that you just won't be bothered to.

[jakelyson]

Saving money is very easy with the lots of methods available in the form of banking and other financing and investment form. Right now one among the best is the saving in the form of bitcoin.

saving in bitcoin is no doubt the best way to save money. in today's date we can save money in lots of ways. but bitcoin is obviously the best method for saving money.. and the best part of bitcoin saving is we can control our money by our self.. we do not need any bank's or any company's help to save and hold our money.
simply deposit bitcoin to the freeze wallet and that's it.

I would have to disagree with you on stating that saving in BTC is the best way to save money. Most of us here are merely speculating as to what price BTC is going to reach in the coming months. Certain risks are associated with putting your money in BTC. If someone is a conservative investor, he would have doubts if he sees that the price is not really stable.

Do you still have doubts about the stability of bitcoin? It has surpassed a lot of trials before and it is still surviving until now. The price is stable in above 400. Unless there is something major that happen, bitcoin is stable and getting higher in value. And the halving will make it more valuable.

[harizen]

Saving money is very easy with the lots of methods available in the form of banking and other financing and investment form. Right now one among the best is the saving in the form of bitcoin.

saving in bitcoin is no doubt the best way to save money. in today's date we can save money in lots of ways. but bitcoin is obviously the best method for saving money.. and the best part of bitcoin saving is we can control our money by our self.. we do not need any bank's or any company's help to save and hold our money.
simply deposit bitcoin to the freeze wallet and that's it.

Yeah I agree with you. Just invest your money into Bitcoin and then just keep in a cold wallet. It is such a hassle to get it out, that you just won't be bothered to.

Keeping it in a cold wallet for a long time is not a good practice as you are just wasting some supposed profit while saving it. Remember that price volatility in bitcoin is really active. It can increase it's value by large percent in just a matter of hours and at the same can decrease too. Better circulate those and make some "wise holding" while keeping it for holding purposes.

[Shibashi Dogemoto]

Saving money is very easy with the lots of methods available in the form of banking and other financing and investment form. Right now one among the best is the saving in the form of bitcoin.

saving in bitcoin is no doubt the best way to save money. in today's date we can save money in lots of ways. but bitcoin is obviously the best method for saving money.. and the best part of bitcoin saving is we can control our money by our self.. we do not need any bank's or any company's help to save and hold our money.
simply deposit bitcoin to the freeze wallet and that's it.

Yeah I agree with you. Just invest your money into Bitcoin and then just keep in a cold wallet. It is such a hassle to get it out, that you just won't be bothered to.

Keeping it in a cold wallet for a long time is not a good practice as you are just wasting some supposed profit while saving it. Remember that price volatility in bitcoin is really active. It can increase it's value by large percent in just a matter of hours and at the same can decrease too. Better circulate those and make some "wise holding" while keeping it for holding purposes.

If a user make active efforts to grow his coins, then that would be more profitable for him in long run as we will be seeing much higher price of bitcoin in future.

[somacoin]

Because this thing give a happiness  not a good life.

If "this thing" gives me happiness, it might as well give me a good life.
Then again, I don't waste my money on things I don't need, and that was your point I guess.

[dezoel]

Because this thing give a happiness  not a good life.

If "this thing" gives me happiness, it might as well give me a good life.
Then again, I don't waste my money on things I don't need, and that was your point I guess.

Exactly don't spend on useless things or try to take those expenses to next month, as I am saving some part of my salary in bitcoin at a moment.