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Author Topic: How to save money.  (Read 345756 times)
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October 04, 2016, 06:47:34 AM
 #3501

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.

I think being responsible is the best way to save. Avoid unnecessary expenses that may leave you regretting in the future. Try to engage in investments, that way you don't only save money, you earn also with your savings. But you have to first study and do research on where you're going to be investing as there are also risks.

 
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October 04, 2016, 06:48:06 AM
 #3502



Thank you .

Stop eating food?

You are welcomed!
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October 04, 2016, 07:32:19 AM
 #3503

Buy gold and wait up price. Grin

All I know is Bitreserve's bitgold is awesome. Flip from btc to gld to usd to yen to yuan and back to btc. Hold gold, but spend btc. All with real-time transparency.
But you need a capital to buy gold. i dont have any experience on that method, how much you can buy gold with bitcoin?

Don't buy gold just invest in bitcoin and bitcoin will go up eventually making your saving worth even more then you actually saved.
So just invest into bitcoin and keep an eye on the prices so that you don't forget to sell in the right time.
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October 04, 2016, 08:00:11 AM
 #3504

Saving money is one of the most important things for in the future off course if we are not saving money for the future there will no tbe a good future off course.
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October 04, 2016, 09:07:09 AM
 #3505

Saving money is one of the most important things for in the future off course if we are not saving money for the future there will no tbe a good future off course.

I agree but if you only save money then what will you spend?

Because you have you daily expenditures. You should keep a balance between the two and then make a list of all expenses and the average spend money on those expenses. Then find out how much percentage of your earning that expenditure is. Then you will be able to see your savings and how much you need save without hampering your daily needed expenditure.

R


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October 04, 2016, 09:38:26 AM
 #3506

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 .
saving at least 10% of your whole month is seems low but it is not bad. in one year you can save quite enough funds. and then you can use them to invest and either you can use them for your own need. I prefer investment with my saving. it can increase my funds you know.
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October 04, 2016, 12:01:59 PM
 #3507

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 .
saving at least 10% of your whole month is seems low but it is not bad. in one year you can save quite enough funds. and then you can use them to invest and either you can use them for your own need. I prefer investment with my saving. it can increase my funds you know.
I think that is just justifiable and actually there is not fixed advisable percentage and it could always depend on your needs, when you have a big demand of money like you have a big family that rely on you, maybe that 10% is too big for you to save in a monthly basis.

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October 04, 2016, 12:15:13 PM
 #3508

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 .
saving at least 10% of your whole month is seems low but it is not bad. in one year you can save quite enough funds. and then you can use them to invest and either you can use them for your own need. I prefer investment with my saving. it can increase my funds you know.
I think that is just justifiable and actually there is not fixed advisable percentage and it could always depend on your needs, when you have a big demand of money like you have a big family that rely on you, maybe that 10% is too big for you to save in a monthly basis.
Everything changes when you start a family. What's more than enough when you were single suddenly becomes less. That is why I started looking for other means of income and luckily bitcoin has been an answer to my prayers. Although the bitcoins I earn is still small, it is good that I am able to somehow have funds that I could save and invest and use for later.
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October 04, 2016, 01:53:37 PM
 #3509

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.

loan is not easy as you rhink, the colateral must be higher than our loan, but sometimes we will lose because the collateral can't be sell in higher price than our loan.
i think invest is good way but for me im still prefered to save 50% of our asset in fiat currency
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October 04, 2016, 02:02:00 PM
 #3510

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.

loan is not easy as you rhink, the colateral must be higher than our loan, but sometimes we will lose because the collateral can't be sell in higher price than our loan.
i think invest is good way but for me im still prefered to save 50% of our asset in fiat currency

that is correct, also loan do work only for a small time frame for bitcoin due to the volatility, no one will give you so much because of this risk, also it's not that really remunerative imho, there are better way to invest your money, i think bitcoin should be invest in a good way only in other altcoin, where you cna get a very high return

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October 04, 2016, 02:12:20 PM
 #3511

Saving money is easy but saving bitcoins can be hard because when you hold the bitcoin you take a big risk to lose allot of money also so what is right and what is bad i think you have to find your own way.
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October 04, 2016, 02:19:34 PM
 #3512

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.

loan is not easy as you rhink, the colateral must be higher than our loan, but sometimes we will lose because the collateral can't be sell in higher price than our loan.
i think invest is good way but for me im still prefered to save 50% of our asset in fiat currency

that is correct, also loan do work only for a small time frame for bitcoin due to the volatility, no one will give you so much because of this risk, also it's not that really remunerative imho, there are better way to invest your money, i think bitcoin should be invest in a good way only in other altcoin, where you cna get a very high return

Yes investing in reputed altcoin can serve the purpose and it can give us good profits in long run, and even if you are investing your money in bitcoin then it will give you profitable results in future.
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October 04, 2016, 02:26:07 PM
 #3513

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.

loan is not easy as you rhink, the colateral must be higher than our loan, but sometimes we will lose because the collateral can't be sell in higher price than our loan.
i think invest is good way but for me im still prefered to save 50% of our asset in fiat currency

that is correct, also loan do work only for a small time frame for bitcoin due to the volatility, no one will give you so much because of this risk, also it's not that really remunerative imho, there are better way to invest your money, i think bitcoin should be invest in a good way only in other altcoin, where you cna get a very high return

Yes investing in reputed altcoin can serve the purpose and it can give us good profits in long run, and even if you are investing your money in bitcoin then it will give you profitable results in future.

we must focus at our "plan" if we paln to earning/collect bitcoin as much as possible, we can use loan in bitcoin currency fixed, but if we want to collect/growing our fiat we can use fiat currency value to bitcoin loan system.
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October 04, 2016, 05:10:52 PM
 #3514

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 .
saving at least 10% of your whole month is seems low but it is not bad. in one year you can save quite enough funds. and then you can use them to invest and either you can use them for your own need. I prefer investment with my saving. it can increase my funds you know.
I think that is just justifiable and actually there is not fixed advisable percentage and it could always depend on your needs, when you have a big demand of money like you have a big family that rely on you, maybe that 10% is too big for you to save in a monthly basis.

10% of the salary is just enough. Not too big, not too small. It just need discipline to continue saving that amount. It can be a challenge if you have a family to support but it will be worth it if you can do it constantly.
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October 04, 2016, 07:30:33 PM
 #3515

One way to save money is to avoid bad debt. While some are on the camp of avoid debt like the plague, personally I believe that there are some debt that cannot be avoided but you still need to be very careful.A perfect example of what I’m talking about is a mortgage; unless you earn a lot of money, paying a house with cash is impossible, the only other option left is to rent, but if you want or need a house then that is not an option either. If the former options above are not for you then there’s one route left… debt.

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October 04, 2016, 08:28:46 PM
 #3516

I never in my life did not spend money on all the small stuff. While I may think so. But the fact is that on myself, I almost do not spend, that of his family members, that's for sure.
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October 05, 2016, 12:43:53 AM
 #3517

I never in my life did not spend money on all the small stuff. While I may think so. But the fact is that on myself, I almost do not spend, that of his family members, that's for sure.

Really you don't have spent small amount to small stuffs? I guess there is no person can do such that and that is not going to help you to save money if you are just going to spend money on big stuffs. Because instead of saving money you are going to waste and spend bigger amount because you are don't spent on smaller stuffs.



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sulendra12
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October 05, 2016, 01:09:53 AM
 #3518

If we're talking about how to save money , it's quite simple you just don't buy any stuff you don't need it and store in your wallet for longer time cuz this is human's nature for buy anything we wants as long as we have money to buy it , or for make an easy process for your saving you can make a goal about "why you save your money..? "

Maybe you want to buy something in the future (gadget , car , or house probably) or do you want to increasing your family's finances and want to help their payment in case of urgent thing would be happened in the future like accident. Make a goal is important for saving your money.

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mirakal
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October 05, 2016, 05:52:10 AM
 #3519

I never in my life did not spend money on all the small stuff. While I may think so. But the fact is that on myself, I almost do not spend, that of his family members, that's for sure.

Really you don't have spent small amount to small stuffs? I guess there is no person can do such that and that is not going to help you to save money if you are just going to spend money on big stuffs. Because instead of saving money you are going to waste and spend bigger amount because you are don't spent on smaller stuffs.
Those who do not learn how to save will just realize in the future when emergency comes into their life, saving money is only easy if you are willing to save and by doing that you should also be willing to sacrifice your wants and prioritize only your needs.

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October 05, 2016, 02:06:25 PM
 #3520

Theres a different kind of people. Theres like a happy life, but not good.  All of people have choices so choose want do you want and makes you happy
You need to cut a percentage of every earning that you get and put it on the side even if it is not that much money.
If you do this for a couple of years then I am sure that in the long run you will end up with a nice stash.
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