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Author Topic: How to save money.  (Read 345756 times)
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August 21, 2016, 06:30:01 PM
 #2961

op's stratgy is good but i think we can make the percent of saving into lower of higher depending on the situaltion because its life and we have to face many difficultys in it
Yeah right planning how to save and how much you want to save.. so that you can make a profit in the future and you can also use bitcoin in your financial.. that so double benefits..

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Kray
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August 21, 2016, 06:32:22 PM
 #2962

You save money by earning more.

Thats opposite then most views, but heres why. Theres a certain extent you can only save so much, clip coupons, order from the dollar menu, living a horrible frugal life style.

When you could be increasing cashflow by being creative.. and still be frugal.
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August 21, 2016, 06:46:32 PM
 #2963

You save money by earning more.

Thats opposite then most views, but heres why. Theres a certain extent you can only save so much, clip coupons, order from the dollar menu, living a horrible frugal life style.

When you could be increasing cashflow by being creative.. and still be frugal.
I do not think that creativity can help in saving their money, but the ingenuity certainly would not hurt.
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August 21, 2016, 07:37:20 PM
 #2964

op's stratgy is good but i think we can make the percent of saving into lower of higher depending on the situaltion because its life and we have to face many difficultys in it
Yeah right planning how to save and how much you want to save.. so that you can make a profit in the future and you can also use bitcoin in your financial.. that so double benefits..
It must be very sure that in the future will be profitable bitcoin, and that cases such as this summer bitfinex, too, should not be.
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August 21, 2016, 07:46:40 PM
 #2965

op's stratgy is good but i think we can make the percent of saving into lower of higher depending on the situaltion because its life and we have to face many difficultys in it
Yeah right planning how to save and how much you want to save.. so that you can make a profit in the future and you can also use bitcoin in your financial.. that so double benefits..
It must be very sure that in the future will be profitable bitcoin, and that cases such as this summer bitfinex, too, should not be.

These are cases we can't help or stop. We don't even know if these 'hacks' are real or not. It's going to be profitable because it's going to become even harder to get.
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August 21, 2016, 07:54:45 PM
 #2966

We must find a way to save their bitcoin. After breaking bitfinex vast majority of compromised accounts did not have the proper safety features included in their accounts to prevent hacking, therefore, the attackers were able to gain full access to your account after you log in with a user name and password.
I think it would be better if you keep your bitcoin is protected from third parties. You can use the wallet for this desktop. I think you will be spared from the scam. and of course it will be more secure

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August 21, 2016, 08:00:39 PM
 #2967

We must find a way to save their bitcoin. After breaking bitfinex vast majority of compromised accounts did not have the proper safety features included in their accounts to prevent hacking, therefore, the attackers were able to gain full access to your account after you log in with a user name and password.
I think it would be better if you keep your bitcoin is protected from third parties. You can use the wallet for this desktop. I think you will be spared from the scam. and of course it will be more secure
This is quite correctly stated. I think that so many people came after there was a risk of losing everything.
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August 21, 2016, 09:40:26 PM
 #2968

Need to make a plan of your spendings, the second step is understand why you saving this money and for what, the last step is just your power of will.

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August 21, 2016, 09:48:03 PM
 #2969

Need to make a plan of your spendings, the second step is understand why you saving this money and for what, the last step is just your power of will.
If a person lives in abundance, then save it will be easy. Because in the life of all that is unnecessary, you can refuse. But if you think every coin, then there is very difficult to do everything.
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August 21, 2016, 10:02:14 PM
 #2970


investment is the best way to save money , than we save in the bank but better value continues to fall we invest , one good investment instrument is bitcoin Cool
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August 21, 2016, 10:57:07 PM
 #2971

Maybe we can say that saving is not for everyone, some of us just don`t know how to save. Even when I save something in a week or a month I spent it very fast after that. I don`t know is it good or bad cause I`m like that, I just don`t wish to life pass and I to not feel some things. Savings is for people who have a lot of money, and they simply can afford them self to live good and put something on a side. What I earn I spent, and even that is not for good life. I work much more then I have fun, that is a sad truth.



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August 22, 2016, 02:09:18 AM
 #2972

Need to make a plan of your spendings, the second step is understand why you saving this money and for what, the last step is just your power of will.
If a person lives in abundance, then save it will be easy. Because in the life of all that is unnecessary, you can refuse. But if you think every coin, then there is very difficult to do everything.
Not really all the time because there are people who does not have a discipline in saving money, the temptation is out their and if you will let that in your life you will not control your self in spending.

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August 22, 2016, 02:44:47 AM
 #2973

if you save fiat money you can saving your money in the bank
if your bitcoin you can saving to wallet is reputable online wallet or dekstop wallet, 2fa facilities and private key
if you save about trade after bitfinex you can move to reputable exchanger huobi okcoin or btc-e
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August 22, 2016, 03:18:42 AM
 #2974

Need to make a plan of your spendings, the second step is understand why you saving this money and for what, the last step is just your power of will.
If a person lives in abundance, then save it will be easy. Because in the life of all that is unnecessary, you can refuse. But if you think every coin, then there is very difficult to do everything.
Not really all the time because there are people who does not have a discipline in saving money, the temptation is out their and if you will let that in your life you will not control your self in spending.
Yeah it does not depend on those who have lots of money or not and rich or poor. but this depends on the nature of each person. if they are used to living simply, they are usually more diligent in saving money for the future and the rich man could they live with wasteful, because it was able to earn a lot of money easily.
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August 22, 2016, 03:24:49 AM
 #2975

Need to make a plan of your spendings, the second step is understand why you saving this money and for what, the last step is just your power of will.
If a person lives in abundance, then save it will be easy. Because in the life of all that is unnecessary, you can refuse. But if you think every coin, then there is very difficult to do everything.
Not really all the time because there are people who does not have a discipline in saving money, the temptation is out their and if you will let that in your life you will not control your self in spending.

Every people  are different in any ways  and  on their decision but  if you are  a sensible person  then for sure you would  do saving because  you already planned your future with that savings and it can also help when there are emergencies or  financial crises  in the future  that you would experience then it would be a big help to you.

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August 22, 2016, 03:31:31 AM
 #2976

to me it is very very difficult to keep money in your home or in your  bank account and you will save money, therefore to me the best option is to keep it and to invest it in bitcoin, there you can save your money and can even increase it, because to investing in bitcoin is the safest way of earning money.

It is good if you put some money into bitcoin. It cannot be denied that bitcoin is a good investment, but it is a long term investment. If you put your money into bitcoin, it can grow but there are times you cannot readily get it out. If the bitcoin price crash, you cannot get your money out. On emergency situations where you need immediate money, it will be bad. So you also need to put aside some money where you can easily get it, like banks or in your home.
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August 22, 2016, 05:06:20 AM
 #2977

to me it is very very difficult to keep money in your home or in your  bank account and you will save money, therefore to me the best option is to keep it and to invest it in bitcoin, there you can save your money and can even increase it, because to investing in bitcoin is the safest way of earning money.

It is good if you put some money into bitcoin. It cannot be denied that bitcoin is a good investment, but it is a long term investment. If you put your money into bitcoin, it can grow but there are times you cannot readily get it out. If the bitcoin price crash, you cannot get your money out. On emergency situations where you need immediate money, it will be bad. So you also need to put aside some money where you can easily get it, like banks or in your home.
I definitely agree with you, why would we still search for any other investment opportunity when in bitcoin alone we can make a good profit. In the future it is expected that bitcoin will be more valuable and with that the price will appreciate which makes our investment profitable.
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August 22, 2016, 06:05:56 AM
 #2978

If you want to save money, save at least 10% to 20% of your salary.  That is salary less savings equals expenses.  You need to put savings first and not what is left in your salary.  If you do that you will just lost all the salary as you will only spend the money dedicated to savings.  If you save first then there is no way you could spend that money.  Try to commute instead of driving your own car during work.  You could also try to packed your food instead of eating out. 
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August 22, 2016, 06:16:13 AM
 #2979

If you want to save money, save at least 10% to 20% of your salary.  That is salary less savings equals expenses.  You need to put savings first and not what is left in your salary.  If you do that you will just lost all the salary as you will only spend the money dedicated to savings.  If you save first then there is no way you could spend that money.  Try to commute instead of driving your own car during work.  You could also try to packed your food instead of eating out. 

Thats really a good way on how to save be practical on the way you live not just thinking  to have a comfortable way of living  if you want to save for future then  sacrifice some things that could possibly save your money up. Same as you said  its better to commute  rather than driving your car it would be such add to expenses  on the gasoline compare to comute which saves you a lot.

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August 22, 2016, 06:56:38 AM
 #2980

If you want to save money, save at least 10% to 20% of your salary.  That is salary less savings equals expenses.  You need to put savings first and not what is left in your salary.  If you do that you will just lost all the salary as you will only spend the money dedicated to savings.  If you save first then there is no way you could spend that money.  Try to commute instead of driving your own car during work.  You could also try to packed your food instead of eating out. 

I also read that from a finance book that you should prioritize your savings before expenses. That is a very good advice.

On giving up your convenience like commuting rather than driving to your work, I think if a person does not want to give up his convenience then it is okay. As long as it does not disrupt his savings plan. But if it do, he should find a bigger income to cover all his conveniences.
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