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Author Topic: How to save money.  (Read 345756 times)
BTCevo
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May 14, 2015, 01:54:47 PM
 #381

The easiest way to save money is to take a part of your salary saving in bank.
But it's not the best way. The best way is to invest something.

That is true invest on something is good enough but you need to pick a good one to invest and I think bitcoin is the good investment and give the good payout if you really maximize it. But why in other thread you are suggesting us to do saving rather than invest? That doesnt make any sense
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Dotakels (OP)
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May 14, 2015, 02:46:21 PM
 #382

The easiest way to save money is to take a part of your salary saving in bank.
But it's not the best way. The best way is to invest something.

That is true invest on something is good enough but you need to pick a good one to invest and I think bitcoin is the good investment and give the good payout if you really maximize it. But why in other thread you are suggesting us to do saving rather than invest? That doesnt make any sense
Theres so many types of saving. You can invest your income here to bitcoin investment and in the real life you may save your salary or vice versa. And its all depend on you what are you going to do with your money.
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May 14, 2015, 03:54:57 PM
 #383

The easiest way to save money is to take a part of your salary saving in bank.
But it's not the best way. The best way is to invest something.

That is true invest on something is good enough but you need to pick a good one to invest and I think bitcoin is the good investment and give the good payout if you really maximize it. But why in other thread you are suggesting us to do saving rather than invest? That doesnt make any sense
Theres so many types of saving. You can invest your income here to bitcoin investment and in the real life you may save your salary or vice versa. And its all depend on you what are you going to do with your money.

Yes there are so many types of saving but saving is just saving. There is nothing else. Actually for now we are getting to invest in everything that we can and stop on spending too much so I guess it doesn't make your money increase just with saving. Because with just saving you can achieve anything in your life, the payout of saving is low. You can't do much with it
Xenoph0bia
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May 14, 2015, 05:27:14 PM
 #384

Saving money is a big deal nowadays. Its a very simple question but really difficult to answer it or implement it in a real life. The rate of inflation is increasing day by day and its becoming really difficult for an average person to save the money try to cut down your expenses that is the only possibility to save the money.
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May 14, 2015, 05:35:48 PM
 #385

Actually if people weren’t saving bitcoins, they wouldn’t pay with Bitcoin and Banks wouldn’t accept them. Saving and spending are both essential, but it is true that people shouldn’t put all their money into Bitcoin.
I don't tend to pay on Bitcoin because I feel like im wasting it, i value it above what it is now. So I limit my Bitcoin payments for now. If I was an early adopter or if I got paid in BTC i would use it on a daily.
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May 14, 2015, 08:43:38 PM
 #386

The easiest way to save money is to take a part of your salary saving in bank.
But it's not the best way. The best way is to invest something.

That is true invest on something is good enough but you need to pick a good one to invest and I think bitcoin is the good investment and give the good payout if you really maximize it. But why in other thread you are suggesting us to do saving rather than invest? That doesnt make any sense
Theres so many types of saving. You can invest your income here to bitcoin investment and in the real life you may save your salary or vice versa. And its all depend on you what are you going to do with your money.

Yes there are so many types of saving but saving is just saving. There is nothing else. Actually for now we are getting to invest in everything that we can and stop on spending too much so I guess it doesn't make your money increase just with saving. Because with just saving you can achieve anything in your life, the payout of saving is low. You can't do much with it

I completely agree with you..Saving is the best option if you want to gain something in future.. You can't afford to just dependent on the investment as it can also prove the wrong financial descision in the future so it is better to save and not invest at initial stage.

 

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Dotakels (OP)
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May 15, 2015, 04:07:39 AM
 #387

The easiest way to save money is to take a part of your salary saving in bank.
But it's not the best way. The best way is to invest something.

That is true invest on something is good enough but you need to pick a good one to invest and I think bitcoin is the good investment and give the good payout if you really maximize it. But why in other thread you are suggesting us to do saving rather than invest? That doesnt make any sense
Theres so many types of saving. You can invest your income here to bitcoin investment and in the real life you may save your salary or vice versa. And its all depend on you what are you going to do with your money.

Yes there are so many types of saving but saving is just saving. There is nothing else. Actually for now we are getting to invest in everything that we can and stop on spending too much so I guess it doesn't make your money increase just with saving. Because with just saving you can achieve anything in your life, the payout of saving is low. You can't do much with it

I completely agree with you..Saving is the best option if you want to gain something in future.. You can't afford to just dependent on the investment as it can also prove the wrong financial descision in the future so it is better to save and not invest at initial stage.
Yeah thats right you can't earn a big profit if you only save. But i said that your saving can spend what you want like make a business that 100% that can earn a big profit like having a rental house.
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May 15, 2015, 04:49:18 AM
 #388

I think is better to invest than gambled. because in investment you can earn a big profit than gamling. but in gambling even if gambling and investment are both high risk. in gambling you can be addicted to it and you can loss a big money but in investment, how much you invest that will loss to you.

I think investing is not a best way. Because you can loss your money that you have hard work for it. And we are talking about saving not how you can earned. My idea or my thread helps you how to do that. Just follow it  and i assure you that you won't blame me.

Theres so many types of saving. You can invest your income here to bitcoin investment and in the real life you may save your salary or vice versa. And its all depend on you what are you going to do with your money.

Yeah thats right you can't earn a big profit if you only save. But i said that your saving can spend what you want like make a business that 100% that can earn a big profit like having a rental house.

By the looks of it OP, you still aren't so sure about what method are you going to choose over the other. Personally, what method are you using right now? Saving, investing, or gambling? The progression of the thread is nice to read, but I noticed that you seem to change positions every now and then so I think I would ask you this question. Smiley

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Dotakels (OP)
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May 15, 2015, 06:19:09 AM
 #389

I think is better to invest than gambled. because in investment you can earn a big profit than gamling. but in gambling even if gambling and investment are both high risk. in gambling you can be addicted to it and you can loss a big money but in investment, how much you invest that will loss to you.

I think investing is not a best way. Because you can loss your money that you have hard work for it. And we are talking about saving not how you can earned. My idea or my thread helps you how to do that. Just follow it  and i assure you that you won't blame me.

Theres so many types of saving. You can invest your income here to bitcoin investment and in the real life you may save your salary or vice versa. And its all depend on you what are you going to do with your money.

Yeah thats right you can't earn a big profit if you only save. But i said that your saving can spend what you want like make a business that 100% that can earn a big profit like having a rental house.

By the looks of it OP, you still aren't so sure about what method are you going to choose over the other. Personally, what method are you using right now? Saving, investing, or gambling? The progression of the thread is nice to read, but I noticed that you seem to change positions every now and then so I think I would ask you this question. Smiley
Hahha i just explained to them what its investing , saving and gambling are and its consequences. But i using right now is saving and i assure that you know why or to whom i'm saving.
stromma44
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May 15, 2015, 06:53:10 AM
 #390

Investment doesn't sounds good at a initial stage. Saving in a bank is the best thing to do. As you can withdraw money at any stage of time in case of any emergencies and investing can prove a wrong decision so in savings you get less returns but those are assured returns.
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May 15, 2015, 10:35:36 AM
 #391

Saving money is a big deal nowadays. Its a very simple question but really difficult to answer it or implement it in a real life. The rate of inflation is increasing day by day and its becoming really difficult for an average person to save the money try to cut down your expenses that is the only possibility to save the money.

the problem arise with those people that have a so low salary that they can only afford the necessity thing and can't save anything, those people can't invest, their only option is to begg or work 16 hours a days
BTCevo
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May 15, 2015, 12:09:51 PM
 #392

Investment doesn't sounds good at a initial stage. Saving in a bank is the best thing to do. As you can withdraw money at any stage of time in case of any emergencies and investing can prove a wrong decision so in savings you get less returns but those are assured returns.

Why it doesnt sounds good? Do you scare o doing investment because of your trauma or scare on a risk job? I guess everything that you do will always got risk. Saving in case of emergencies is good but you must see the future too, how much can you get from just saving in the bank? The interest is too low and you just need more time to be enough, it doesnt worth enough if you only do saving
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May 15, 2015, 02:27:03 PM
 #393

Investment doesn't sounds good at a initial stage. Saving in a bank is the best thing to do. As you can withdraw money at any stage of time in case of any emergencies and investing can prove a wrong decision so in savings you get less returns but those are assured returns.

Why it doesnt sounds good? Do you scare o doing investment because of your trauma or scare on a risk job? I guess everything that you do will always got risk. Saving in case of emergencies is good but you must see the future too, how much can you get from just saving in the bank? The interest is too low and you just need more time to be enough, it doesnt worth enough if you only do saving

The current interest over here is even less than 1%. That's not a big deal.. However, saving money to prepare for emergencies and other unexpected costs is always a good thing.

I think many people dislike investing because of the risk indeed. But hey, not all investments do have a huge risk.

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Dotakels (OP)
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May 15, 2015, 03:38:15 PM
 #394

Investment doesn't sounds good at a initial stage. Saving in a bank is the best thing to do. As you can withdraw money at any stage of time in case of any emergencies and investing can prove a wrong decision so in savings you get less returns but those are assured returns.

Why it doesnt sounds good? Do you scare o doing investment because of your trauma or scare on a risk job? I guess everything that you do will always got risk. Saving in case of emergencies is good but you must see the future too, how much can you get from just saving in the bank? The interest is too low and you just need more time to be enough, it doesnt worth enough if you only do saving
Because they doesn't know the investment and their only focus on their job or in the present they. They not problem the future because in poor country you need to make money to have a everyday foods and you can buy your needs so that their just focus on the present day.
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May 15, 2015, 03:43:19 PM
 #395

Investment doesn't sounds good at a initial stage. Saving in a bank is the best thing to do. As you can withdraw money at any stage of time in case of any emergencies and investing can prove a wrong decision so in savings you get less returns but those are assured returns.

Why it doesnt sounds good? Do you scare o doing investment because of your trauma or scare on a risk job? I guess everything that you do will always got risk. Saving in case of emergencies is good but you must see the future too, how much can you get from just saving in the bank? The interest is too low and you just need more time to be enough, it doesnt worth enough if you only do saving

The current interest over here is even less than 1%. That's not a big deal.. However, saving money to prepare for emergencies and other unexpected costs is always a good thing.

I think many people dislike investing because of the risk indeed. But hey, not all investments do have a huge risk.

Yes that is true that you need your saving money for emergencies but the interest is too low and still they continuing on saving like that. Investment is sure got high risk and the payout is good too so it will cover your emergencies too and I think it depends on what this money are going to use for each person
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May 15, 2015, 03:52:06 PM
 #396

Here's a good tip for saving money: any time you buy something on sale, take the money you saved and actually save it - put it in a savings account or buy bitcoin with it.  If you don't actively save your savings, then you never really saved anything on the purchase.
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May 15, 2015, 04:52:21 PM
 #397

Here's a good tip for saving money: any time you buy something on sale, take the money you saved and actually save it - put it in a savings account or buy bitcoin with it.  If you don't actively save your savings, then you never really saved anything on the purchase.

Everyone know the tips and there is so many out there but no one can apply it why? Because their salary is just enough only for their living and their needs. We dont said about other people that have a lot of cash that can easily convert in bitcoin without do saving but for average people like me to save and invest what are you suggest for me to do?
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May 15, 2015, 06:42:22 PM
 #398

Here's a good tip for saving money: any time you buy something on sale, take the money you saved and actually save it - put it in a savings account or buy bitcoin with it.  If you don't actively save your savings, then you never really saved anything on the purchase.

Everyone know the tips and there is so many out there but no one can apply it why? Because their salary is just enough only for their living and their needs. We dont said about other people that have a lot of cash that can easily convert in bitcoin without do saving but for average people like me to save and invest what are you suggest for me to do?

I completely agree with you the average income person can't even think of saving and of investment just forget it inflation rate is so high that the salary is all spent in day to day expenses and at the end of month there is nothing left for savings the only thing he can do is wait for the  next salary.
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May 15, 2015, 07:09:46 PM
 #399

Generally, you should start to save in money, and only consider investing when you have a suitable stash. And you should not invest all of it. If you invest in a shop, for instance, and you encounter a loss, the business could still be worth continuing, in which case you need to invest more to keep it going. At your own discretion of course.

Most people can save some money, except at times when the luck goes against you, in which case you have to draw on saved money. Is that coffee at Waynes really necessary, or that last pint of lager?

The fact that bitcoin is sound money, and currently most probably will rise in value, and the probability of it's value going down is smaller, is in fact good for the small guy, the one who does not have enough to invest.

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May 15, 2015, 08:05:45 PM
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Generally, you should start to save in money, and only consider investing when you have a suitable stash. And you should not invest all of it. If you invest in a shop, for instance, and you encounter a loss, the business could still be worth continuing, in which case you need to invest more to keep it going. At your own discretion of course.

Most people can save some money, except at times when the luck goes against you, in which case you have to draw on saved money. Is that coffee at Waynes really necessary, or that last pint of lager?

The fact that bitcoin is sound money, and currently most probably will rise in value, and the probability of it's value going down is smaller, is in fact good for the small guy, the one who does not have enough to invest.



Yeah try to reduce unwanted expenses or just postponed it for the future. Avoid starbucks coffee prepare it own your own at home. Go for jogging in early morning that will save your gym expenses, Walk and go to office that will save your transportation expenses small things can make a huge difference.
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