How to save money.

[bluechipinvestor]

It is not that easy for everybody, if they have many debts to pay. But a good advice may be applied, I think if you avoid to have a lot of debits to pay or avoid to buy expensive things, this may help you to cut costs.

[1714668323]

1714668323

[JumperX]

This is my first post. Please do respect

My post intention is to help readers to save their money.

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. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

\There are allot of ways to grow your money and one of the most commend things are saving money and i think that there are allot of peopel who think like this.

Saving money in fiat will never allow you to grow your money as it will hold the same value in future and if inflation rate goes higher then it will reduce the amount of your savings.

[bluechipinvestor]

Because of the inflation, saving all the funds is not very smart these days, investing is. I think the right thing to do is invest and grow them, as saving all the money may lead to losses, because of the reduction of the purchasing power.

[izanagi narukami]

Because of the inflation, saving all the funds is not very smart these days, investing is. I think the right thing to do is invest and grow them, as saving all the money may lead to losses, because of the reduction of the purchasing power.

It depend on where do you live in
At my country, investing on my fiat will be disadvantage against $ since their value getting weak and weak.
So I decide to keep $ by invest on bitcoin and gold

[crairezx20]

Because of the inflation, saving all the funds is not very smart these days, investing is. I think the right thing to do is invest and grow them, as saving all the money may lead to losses, because of the reduction of the purchasing power.

Yeah right its not worth it if you are just holding it or save it for a long time and sell them when the price is high.. it takes a long time so better to use them to increase the amount or to grow them so that you will earn a good amount for the future.

[starmman]

I'm currently saving about 30% of my income - and my wife manages to save 60-70% of hers we invest in different areas such as real estate, shares, pensions, savings accounts and of course crypto.I spend most of my time on crypto but invest the least money here as its higher risk.

The eventual goal is financial freedom - we are only about 10% of the way there so far, but the rate is growing quickly.

[bamboylee]

Because of the inflation, saving all the funds is not very smart these days, investing is. I think the right thing to do is invest and grow them, as saving all the money may lead to losses, because of the reduction of the purchasing power.

Yeah right its not worth it if you are just holding it or save it for a long time and sell them when the price is high.. it takes a long time so better to use them to increase the amount or to grow them so that you will earn a good amount for the future.

Save some , Invest some is what I will do. There is no escaping inflation but we still need some funds tucked away for future use, so we still need to save some money. And you can be more confident doing investments if you have some back up fund saved somewhere.

[Bemerand]

one trick I have learned over the years, is to save all the chge I receive and never spend it.
instead learn to visualize the world as being more expensive. That pack of Gum is now 5$ because the change is going a jar.
this has two effects on me. One is that I learn to spend less on frivolous things since they seem more expensive and the other is every couple years I take a nice vacation with nothing but my change

[twerdefnce]

one trick I have learned over the years, is to save all the chge I receive and never spend it.
instead learn to visualize the world as being more expensive. That pack of Gum is now 5$ because the change is going a jar.
this has two effects on me. One is that I learn to spend less on frivolous things since they seem more expensive and the other is every couple years I take a nice vacation with nothing but my change

the same for me to be honest i never spend the coins i get from somewhere in order not to miss an opportunity to make money with a price growth

[hingleMC]

one trick I have learned over the years, is to save all the chge I receive and never spend it.
instead learn to visualize the world as being more expensive. That pack of Gum is now 5$ because the change is going a jar.
this has two effects on me. One is that I learn to spend less on frivolous things since they seem more expensive and the other is every couple years I take a nice vacation with nothing but my change

the same for me to be honest i never spend the coins i get from somewhere in order not to miss an opportunity to make money with a price growth

the Warren Buffet approach

[deadpoolx]

If you're spending to much money, every time you spend money write it down. Will be easier to control your expenses if you keep track of it.
Once you know more about the amount and where you're using it on, you can make more informed decisions to reduce your expenses, in order to save that money, cutting the costs on unecessary things.

[gerXhonza]

If you're spending to much money, every time you spend money write it down. Will be easier to control your expenses if you keep track of it.
Once you know more about the amount and where you're using it on, you can make more informed decisions to reduce your expenses, in order to save that money, cutting the costs on unecessary things.

Yes we need to have control on our spendings, if we keep on spending on unwanted things the we won't be able to save any time and that can create a trouble in future.

[starmman]

one trick I have learned over the years, is to save all the chge I receive and never spend it.
instead learn to visualize the world as being more expensive. That pack of Gum is now 5$ because the change is going a jar.
this has two effects on me. One is that I learn to spend less on frivolous things since they seem more expensive and the other is every couple years I take a nice vacation with nothing but my change

the same for me to be honest i never spend the coins i get from somewhere in order not to miss an opportunity to make money with a price growth

I also didn't spend any BTC so far. Using them to accumulate - however I will start spending 10-25 of profits once I have reached a threshold. I will also take another 25% of profits to reinvest into other revenue streams. That way the risk/exposue on crypto isn't so high.

[Mr. Big]

If you're spending to much money, every time you spend money write it down. Will be easier to control your expenses if you keep track of it.
Once you know more about the amount and where you're using it on, you can make more informed decisions to reduce your expenses, in order to save that money, cutting the costs on unecessary things.

True, I did that when I am budgeting my money, Each purchase I keep the receipt and review it and write it down on my notebook so I could see if I need to purchase such things again the next month... Actually little by little erasing some of those that are on your list which are unnecessary could also help...

I also believe that if you buy the things that you really want and you enjoyed your youth days and you've had enough, I think later on you will start to save since you already have what you really dreamed of... 

[zakorus]

this one of the biggest  news stories in Canada is that everyone is broke. too bad most people spend without caution and then the oil slump did them in....

[ajun96]

If you really want to save money, my advice to you is to keep your btc into your btc wallet and never waste it into gambling, hyip websites or this kind of thing.

yeah i think avoiding anything risky like gambling, hyip, ponzi and so is a good idea to avoid a big loss? I think it would be beneficial for the storage of your money? but other than that you need a plan other than to avoid gambling? you need to make a plan dude

[Positid]

If you really want to save money, my advice to you is to keep your btc into your btc wallet and never waste it into gambling, hyip websites or this kind of thing.

yeah i think avoiding anything risky like gambling, hyip, ponzi and so is a good idea to avoid a big loss? I think it would be beneficial for the storage of your money? but other than that you need a plan other than to avoid gambling? you need to make a plan dude

Gambling is not risky for your if you investment but ponzis and HYIP are real money suckers, I would always choose investing in an online casino over the two mentioned because the probability is very big and casinos are profitable until now. For me there is no big risk unless you will be scam by a certain casino site.

[diodio5]

If you want to live a very comfortable life don't be satisfied saving your hard earned money, find a better investment to make your money grow.

I think to get a comfortable life you have to have great savings. with huge savings you can buy whatever you want with ease. but the problem is how money management. the good one ? because the habits of people are not able to savers so they could not keep their money

[chaser15]

If you want to live a very comfortable life don't be satisfied saving your hard earned money, find a better investment to make your money grow.

I think to get a comfortable life you have to have great savings. with huge savings you can buy whatever you want with ease. but the problem is how money management. the good one ? because the habits of people are not able to savers so they could not keep their money

And to start with a great savings, people must have decent source of income.

Without it saving "more" money will have a hard time since the income is just enough to cover most of daily and basic spendings in one's life.

[wuvdoll]

If you really want to save money, my advice to you is to keep your btc into your btc wallet and never waste it into gambling, hyip websites or this kind of thing.

yeah i think avoiding anything risky like gambling, hyip, ponzi and so is a good idea to avoid a big loss? I think it would be beneficial for the storage of your money? but other than that you need a plan other than to avoid gambling? you need to make a plan dude

He must be right. When you are avoiding the dangers of losing money then automatically you will get chances to multiply your savings. When there are no chances for losses, we will have at least what we are already having that would be a very big achievement in our life in my opinion as I was not successful with that in my life.