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Author Topic: How to save money.  (Read 345756 times)
pearl11
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July 29, 2016, 01:50:36 AM
 #2741

All good advice. And...don't tell everybody that you have saved money, and don't give it away to anyone who asks. Be the guy that mysteriously can keep dry on a rainy day, and get out of trouble. Like a cat that always can land on its feet. (I wish I knew when I was young...)
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July 29, 2016, 04:42:19 AM
 #2742

if you really want to save money then you can choose BANK. BANK can save your money is safe because the financial institution has guaranteed your funds in the BANK.
yeah I think whatever people think about bank. but I am sure the bank owned by the government as safe and trusted very high?
You will find security for your money and they provide protection and guarantees for you. but its your choice if you want to save money in safe-deposted box
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July 29, 2016, 04:42:46 AM
 #2743

One needs to have a planned budget as well long term schedule. Also capability is a must to focus much on the different earning and make the targeted saving which is more important to fulfil the long term or short term plan. This helps in avoiding unwanted spending.
Planning is very important on setting your future goals either short or long term plans. You must search another ways to have a source of income so that you could make a saving at least for future use or investment it would very helpful. If you have a fix plan or set up you won't look into other things that would lead to unwise spending as you also said.

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July 29, 2016, 06:35:38 AM
 #2744

To save money it requires great level of discipline. Younger Generation doesn't believe in savings they just believe in spending. For eg if you are planning to buy a television i think you should search for used television and you never know you might get the best deal on internet which will you in saving money.
you are right, people sometimes struggle when it comes to saving all your bitcoins unfortunately and in my opinion you cannot do anything about it

in order to save money you have to put all your bitcoins into a cold storage where you wouldnt be able to access it and spend on some bs

Yeah that makes sense. Similar to a long term savings account at your bank where you can't make withdraws for a year or two you need to store your bitcoins that you can't access them quickly.
Most of the desired consumption is short lived. After one night of sleep you might already forgot about it.
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July 29, 2016, 07:15:27 AM
 #2745

i think the only why through which you can save money is to invest your money in bitcoin. and then hold it for a long one . you will get to benefits at the same time one is that you will save your fiat money. and the second is that you will get extra income on bitcoin when the price of bitcoin iwll increase.

That is not a bad idea if someone really feels he can save some money from his salary and if he knows what he is doing because it is a risk somehow as the price of bitcoin is never stable, it may go up but it may come down as well.

Exactly saving bitcoin would be still risky since its unstable price well its also a good idea to save more bitcoin it might increase it price in future then youll gain profit out of it and then that profit  you must save it or invest it so that you have another source income which really helps you in future.
i think you are right that saving bitcoins is risky at the moment though in my opinion anything might happen with it and i think that the overall trend will be up
It can be risky but as seeing the overall trend now a days it seems the price will go up more then $700. but also it is always good to use bitcoin rather just holding them and not to sell them now that is all i say to you guyzz !



Yes it's risky since we don't know what would be the price of Bitcoin on upcoming years as you say it's on uptrend and let's hope it would continue its movement. It's not ideal to sell Bitcoin as of these days it better to hold it that way spent it. If you're holding decent amount of Bitcoin then it's better to invest to maximize your potential earning or income.

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July 29, 2016, 07:28:44 AM
 #2746

if you really want to save money then you can choose BANK. BANK can save your money is safe because the financial institution has guaranteed your funds in the BANK.

It is true that bank can protect your money until a certain amount. Above that, if the bank becomes bankrupt, then it is lost. And your money only earns a few percentage every year. If it is only saving then the bank is where you put your money. But you want your money to grow, then put it somewhere else that can earn more money over time.
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July 29, 2016, 07:43:33 AM
 #2747

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.
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July 29, 2016, 10:24:16 AM
 #2748

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.


Totally agree with you saving is very iomportant especially if you have a family, as you said if  you are single  you wont need any savings since  you dont worry or dont have any expenses to save or does not have plan at all in the future but for me its either married or single  saving  would be very important for  future.

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July 29, 2016, 01:53:22 PM
 #2749

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.

Agree in the most of the point but I like to include that even single but with lots of monthly bills can improved their saving strategy wisely since they have some responsbility.

Back when the time I don't have any responsibility, spending money is just seconds away. Right now, I have multiple monthly payments so Im saving money now with proper accordance.
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July 29, 2016, 01:59:15 PM
 #2750

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.


Best way to save money is to invest in something later that you are worth it. If you have money in cash easy for you to spend it on some unimportant things. I also think it's a very good thing to invest money in real estate, rent and real estate for several years, then sell it again and be positive.



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July 29, 2016, 03:19:05 PM
 #2751

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.


Best way to save money is to invest in something later that you are worth it. If you have money in cash easy for you to spend it on some unimportant things. I also think it's a very good thing to invest money in real estate, rent and real estate for several years, then sell it again and be positive.
Of course, we should only spend all the time on our priority especially on our basic needs. Spending in unnecessary things will just ruin our savings plan. We do save because we want to get ready for the future, may it be for emergency or in investment.

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July 29, 2016, 04:34:50 PM
 #2752

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.

We'll I think you better have to plan for your future.  A man without any plan for his future should be avoided. Or at least influence him on saving something for his  needs in the future.  If you have nothing, you have your body to use for work.  Apply and get hired.  Then  keep at least 10% of your money for savings.  Make it a habit everytime you got your payout. That way you will be able to save.

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July 29, 2016, 05:34:19 PM
 #2753

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.

Flawed logic right here. Of course I get your point, it's a really good idea to set aside some money for emergencies. The main substance of your post is fine, good idea and all. But I take issue with this line quoted above. You cannot consider money "wasted" if it was on an experience, service, or object that brought you happiness or enjoyment. Otherwise we'd all buy the simplest, cheapest food you can find that has no flavour but exactly gives you the required nutrients, minerals and vitamins. We'd all live in much smaller houses, because who needs space for things, right? Anything else would be a "waste" of space and therefore money.

Of course, I'm not saying go and spend all of your money on a second-hand Porsche. Live within your means, spend sensibly, but splashing out once in a while is fine as long as it doesn't become a regular habit that takes its toll on your finances. Money spent on things not strictly necessary is by no means "wasted" money.
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July 29, 2016, 05:51:00 PM
 #2754

Many ways to save money.. savings is always the bst to do in your life so that you can make a dream with it that you can buy more things you want in your life.. the best to save your money is to save it into bitcoin that you can make a profit in the long time..



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July 29, 2016, 06:25:40 PM
Last edit: July 29, 2016, 08:52:08 PM by deisik
 #2755

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.

Flawed logic right here. Of course I get your point, it's a really good idea to set aside some money for emergencies. The main substance of your post is fine, good idea and all. But I take issue with this line quoted above. You cannot consider money "wasted" if it was on an experience, service, or object that brought you happiness or enjoyment. Otherwise we'd all buy the simplest, cheapest food you can find that has no flavour but exactly gives you the required nutrients, minerals and vitamins. We'd all live in much smaller houses, because who needs space for things, right? Anything else would be a "waste" of space and therefore money.

Of course, I'm not saying go and spend all of your money on a second-hand Porsche. Live within your means, spend sensibly, but splashing out once in a while is fine as long as it doesn't become a regular habit that takes its toll on your finances. Money spent on things not strictly necessary is by no means "wasted" money.

It could be generalized as follows. You should try to keep the balance between spending and saving in such a way that you don't lose incentive to earn more (by being too thrifty) and, at the same time, you don't lose incentive to save more (by being too wasteful)...

Evidently, this balance is not only individual, but depends on a number of factors which themselves tend to change over time

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July 29, 2016, 06:26:12 PM
 #2756

razor, he is talking about conspicuous consumption where people buy expensive goods to appear or feel better about themselves.   Like that famous brand with a tick on it, most people arent requiring such trainers but just want to show off they are rich enough to afford such things.  
Its especially true of the youth in society where image is everything, if young workers just put their money towards buying a house or reducing their student debt they were would be far richer later on.   Not spending money sometimes has no downside, unfortunately alot of our culture now is just importing everything and there is no locally tailored alternative but theres sometimes craft designs

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July 29, 2016, 08:12:28 PM
 #2757

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.

I think for a single person it is not a problem to save money, as a single person do not need any higher amount of money for his living and so the remaining money will be saved with him, while a person with family will not be able to save any amount as the family demand nowadays is unable to fulfill by a person whose income is a normal income.
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July 29, 2016, 08:39:29 PM
Last edit: July 29, 2016, 09:32:54 PM by deisik
 #2758

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.

I think for a single person it is not a problem to save money, as a single person do not need any higher amount of money for his living and so the remaining money will be saved with him, while a person with family will not be able to save any amount as the family demand nowadays is unable to fulfill by a person whose income is a normal income.

The moral was that a single person might have neither incentive nor desire to save money just because it is not a problem for him (read he has enough funds for himself and may have never been in an urgent need of money). Starting a family will surely drain your funds dry (unless you are a millionaire already)...

While closing a family may well leave you without means of subsistence (even if you were a millionaire before)

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July 29, 2016, 09:49:29 PM
 #2759

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.
yeah I think if you already have a wife and children you will be confusion on how to get money and can collect the money so you can have a better life. I think if you're young you have to do saving money. Therefore it is vital for the future. will be trouble if you do not have money for future backups
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July 29, 2016, 10:33:03 PM
 #2760

Prepare a monthly budget and review the expenses on the weekly basis try to reduce the expenses in the best possible way u can also have a piggy bank at your home where you can save small amount of money everyday which can be used at the time of emergency.
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