How to save money.

[jakelyson]

As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.

My monthly salary goes like this:

50% - savings
20% - city room rent/electricity/water
12% - pocket money
10% - mom's allowance
  8% - apartment rent at home

It really feels so good when you have a fixed monthly budget. Any savings or extra income is a bonus.

This is very unrealistic and you forgot to include food and transportation allowance. Maybe if I am single and I am earning $5K a month, this budget is feasible. But I do not think anyone here is earning that much money. Maybe a handful, but most of us are living on minimum income. 10% saving is enough for me. The rest can go to any expenses I have.

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[Aamir1]

Saving money while you had so much money on your hand is really hard bcoz you need money daily to support your daily needs specially your foods daily and for me opening a saving bank account is good you can lut your money there.

Keeping all the money in pocket would probably not let you save anything from them because you will probably spend them somewhere when you have them, the way is to just keep the savings in an account in a bank or in bitcoin so that you don't think of buying things which are not really needed.

[uname]

Saving money while you had so much money on your hand is really hard bcoz you need money daily to support your daily needs specially your foods daily and for me opening a saving bank account is good you can lut your money there.

I have a bank account and I have plans to spend money for my daily purposes. I always make a plan so that I always have leftover money from my salary for me  to save

[serjent05]

As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.

My monthly salary goes like this:

50% - savings
20% - city room rent/electricity/water
12% - pocket money
10% - mom's allowance
  8% - apartment rent at home

It really feels so good when you have a fixed monthly budget. Any savings or extra income is a bonus.

This is very unrealistic and you forgot to include food and transportation allowance. Maybe if I am single and I am earning $5K a month, this budget is feasible. But I do not think anyone here is earning that much money. Maybe a handful, but most of us are living on minimum income. 10% saving is enough for me. The rest can go to any expenses I have.

haha  yeah i agree I wonder  how he can survive without eating LOL maybe it  is on the pocket  money stuff   since he is working he has this pocket money as  daily allowance for food and transportation. But still people does not eat 1 x a day   but if anyone does that, he will be rich soon .

[Doamader]

Saving money while you had so much money on your hand is really hard bcoz you need money daily to support your daily needs specially your foods daily and for me opening a saving bank account is good you can lut your money there.

I have a bank account and I have plans to spend money for my daily purposes. I always make a plan so that I always have leftover money from my salary for me  to save

I had something like this method you had, but i had requested a loan from bank and im repaying it yet, but this is the best thing to do always save a part for future emergency that might appear over the years.

[Caladonian]

Saving money while you had so much money on your hand is really hard bcoz you need money daily to support your daily needs specially your foods daily and for me opening a saving bank account is good you can lut your money there.

I have a bank account and I have plans to spend money for my daily purposes. I always make a plan so that I always have leftover money from my salary for me  to save

I had something like this method you had, but i had requested a loan from bank and im repaying it yet, but this is the best thing to do always save a part for future emergency that might appear over the years.

i think i will try something like this about the idea of asking for a loan then invest it in bitcoin i guess if bitcoin price spike up and im in also in a good trade from alt coin it is possible for me to save and earn a lot.

[Osarman]

you can save your money in some percent 10% less or high amount store in bitcoin and hardly save and never use it and consider it as investment when bitcoin price go to higher so your money will also increase in bitcoin and then you can get a good profit from bitcoin easily .

[varyspro]

you can save your money in some percent 10% less or high amount store in bitcoin and hardly save and never use it and consider it as investment when bitcoin price go to higher so your money will also increase in bitcoin and then you can get a good profit from bitcoin easily .

Yes, keep their savings in bitkoints very profitable. They are not depreciated due to inflation. Even you can earn

[Abiky]

   Only way for saving money is making more then you spend every month. If you make less then you spend probably saving will not work well for you. It is a basic of saving. If you are not in situation to save then you need to cut your expenses somehow, and then you can think about saving.
   I save something small every month, I`m in such situation. Over the years I accumulated some nice money, but that is for my kid and family. If we ever need a bit more money, you never know what is coming. For that reasons it`s good to have something on a side, for black days how people like to say. No matter how much, try to put something on a side every time you can and that is easiest way for saving.

Correct. But sometimes it is very hard to save money considering the costs of electricity, water, phone service, among others. Also, you get the temptation of spending your money on goodies and this limits your ability of saving a good amount of money for the future.

But still, when you have the chance you can save at least 10% of your earnings and put it into a bank account or even a PoS coin with high APR that will give you huge interest earnings. Just my opinion. 

[bamboylee]

   Only way for saving money is making more then you spend every month. If you make less then you spend probably saving will not work well for you. It is a basic of saving. If you are not in situation to save then you need to cut your expenses somehow, and then you can think about saving.
   I save something small every month, I`m in such situation. Over the years I accumulated some nice money, but that is for my kid and family. If we ever need a bit more money, you never know what is coming. For that reasons it`s good to have something on a side, for black days how people like to say. No matter how much, try to put something on a side every time you can and that is easiest way for saving.

Correct. But sometimes it is very hard to save money considering the costs of electricity, water, phone service, among others. Also, you get the temptation of spending your money on goodies and this limits your ability of saving a good amount of money for the future.

But still, when you have the chance you can save at least 10% of your earnings and put it into a bank account or even a PoS coin with high APR that will give you huge interest earnings. Just my opinion. 

It is hard to prioritize saving if you have barely enough money for your daily needs. But if you really want to save, you can do it. there are always something in your expenses that you can live without and you can cut that out. And if everything is clean and you still cannot save, then it means you need to have another source of income.

[Mastsetad]

It is hard to prioritize saving if you have barely enough money for your daily needs. But if you really want to save, you can do it. there are always something in your expenses that you can live without and you can cut that out. And if everything is clean and you still cannot save, then it means you need to have another source of income.

Exactly, someone with just one source of income which barely earns him enough money to fulfill his needs cannot save anything, so for saving something the person would probably need to have an alternative source of income so that he can save some money as well as complete his needs.

[Abiky]

It is hard to prioritize saving if you have barely enough money for your daily needs. But if you really want to save, you can do it. there are always something in your expenses that you can live without and you can cut that out. And if everything is clean and you still cannot save, then it means you need to have another source of income.

True. That is why, in my own opinion, it is best to have a side income apart from your main income in order to help you save even more. A good thing would be to have Bitcoin as side income while your main income is based on a real job. That way, you can separate Bitcoin earnings from your job earnings and be able to save money effectively. 

[ekoice]

I also live in philoppines . But my example is the current wage in the US, so that their wage is enough to live and they have also a savings. In the philippines the wage of employee is not enough to live, theres many expences, like paying bills, foods and etc. But, if you want really to save, its up to you not in your wage. You have choices save your money if you really want or dont save thats easy.
     Good advice. But you see in developing countries, people sruggle for their daily earnings. They cant even think about ten percent of their income.Their wages is verylow and on the other hand, cost of living is very high.

[passwordnow]

For me the best thing that you are going to do to save is you must control your expenditures. Learn to know what your needs and wants. And if you already identified both of it, don't spend your money to your wants instead budget and allocate your money to your needs. And if there is an excess to it, deposit it to the bank.

[mirakal]

For me the best thing that you are going to do to save is you must control your expenditures. Learn to know what your needs and wants. And if you already identified both of it, don't spend your money to your wants instead budget and allocate your money to your needs. And if there is an excess to it, deposit it to the bank.

That's right, we should not live a lavish life in order for us to save money, sacrifice is a big factor for the success. We need to understand that there is a future and we are not healthy all the time, if we save we will have a good retirement and we can enjoy it more.

[bamboylee]

For me the best thing that you are going to do to save is you must control your expenditures. Learn to know what your needs and wants. And if you already identified both of it, don't spend your money to your wants instead budget and allocate your money to your needs. And if there is an excess to it, deposit it to the bank.

It is a good idea to identify your expenses and remove the wants from it and focus on needs alone. But I suggest you do the saving part first, not on the last.Because if you only save when there is an excess, then most probably, you will not be able to save at all. But if it first priority then you secure your saving. YOu just have to adjust your budget accordingly.

[Positid]

For me the best thing that you are going to do to save is you must control your expenditures. Learn to know what your needs and wants. And if you already identified both of it, don't spend your money to your wants instead budget and allocate your money to your needs. And if there is an excess to it, deposit it to the bank.

It is a good idea to identify your expenses and remove the wants from it and focus on needs alone. But I suggest you do the saving part first, not on the last.Because if you only save when there is an excess, then most probably, you will not be able to save at all. But if it first priority then you secure your saving. YOu just have to adjust your budget accordingly.

That's right, put your method on the record so you can track your expenditures, treat it like a business and account every movement of your money. When spending, you should know whether it is a need or wants and always prioritize your needs over your wants.

[Noctis Connor]

For me the best thing that you are going to do to save is you must control your expenditures. Learn to know what your needs and wants. And if you already identified both of it, don't spend your money to your wants instead budget and allocate your money to your needs. And if there is an excess to it, deposit it to the bank.

Controling to spend money or bitcoin is really hard to the best thing you can do is to open bank account then save money even you can get from work and job learn how to not to spend and needs i already done this before and saving money is not hard for me.

[sirohige]

saving money is better for unpredicable situtaion, so better to save some money for future then we thinking about investing.

[diegz]

saving money is better for unpredicable situtaion, so better to save some money for future then we thinking about investing.

That's good, but I think not practical way of holding your money, it should profit and prosper and not just a fund for those emergencies. But anyway, I think it's good to invest in those insurances for your retirement aside from saving money in your wallet, it could be a security for your future and you could also loan on those when you need it.