How to save money.

[Amph]

Saving money is not to deny yourself everything you don't need. Everyone deserves a "treat" now and again. Spending money is about prioritising. You need to rank purchases/expenditure by their importance. Rent trumps new phone, food trumps new pair of jeans, you get my point.

Nicely said. I know people who denied themselves everything they could and saving every penny. In the last 20 years the inflation ate most of their savings and they still don't have much and are old and grumpy
You're saving more by buying the stuff you need and selling it when you no longer do.

But if you save with the exception of inflation? like keeping your coins into your wallet, your money will the same value ate the same time.

you need to save in a defaltionary assets not inflationary(fiat garbabe are inflazionary and always will be), because seeing how the nature of saving is to not spend it immediately but for future retirement or whatever, you need that your money don't lose value

and here bitcoin come into play(i'm not aware of any other deflationary asset with the same potential), saving in bitcoin, will make your saving more valuable in the future instead of devaluating it

[1714606512]

1714606512

[AtheistAKASaneBrain]

Saving money is not to deny yourself everything you don't need. Everyone deserves a "treat" now and again. Spending money is about prioritising. You need to rank purchases/expenditure by their importance. Rent trumps new phone, food trumps new pair of jeans, you get my point.

Nicely said. I know people who denied themselves everything they could and saving every penny. In the last 20 years the inflation ate most of their savings and they still don't have much and are old and grumpy
You're saving more by buying the stuff you need and selling it when you no longer do.

But if you save with the exception of inflation? like keeping your coins into your wallet, your money will the same value ate the same time.

you need to save in a defaltionary assets not infaltionary(fiat garbabe are inflazionary and always will be), because seeing how the nature of saving is to not spend it immediately but for future retirement or whatever, you need that your money don't lose value

and here bitcoin come into play(i'm not aware of any other deflationary asset with the same potential), saving in bitcoin, will make your saving more valuable in the future instead of devaluating it

You are right even tho Bitcoin will remain inflationary until 140, but after 2016 the inflation rate will be so ridiculous that it will be technically deflationary after that specially when demand starts increasing by scared doubters/idiots that aren't into Bitcoin yet and decide to jump in later on when everyone does so (causing a panic buy).

[darkangel11]

Saving money is not to deny yourself everything you don't need. Everyone deserves a "treat" now and again. Spending money is about prioritising. You need to rank purchases/expenditure by their importance. Rent trumps new phone, food trumps new pair of jeans, you get my point.

Nicely said. I know people who denied themselves everything they could and saving every penny. In the last 20 years the inflation ate most of their savings and they still don't have much and are old and grumpy
You're saving more by buying the stuff you need and selling it when you no longer do.

But if you save with the exception of inflation? like keeping your coins into your wallet, your money will the same value ate the same time.

you need to save in a defaltionary assets not inflationary(fiat garbabe are inflazionary and always will be), because seeing how the nature of saving is to not spend it immediately but for future retirement or whatever, you need that your money don't lose value

and here bitcoin come into play(i'm not aware of any other deflationary asset with the same potential), saving in bitcoin, will make your saving more valuable in the future instead of devaluating it

True. If you keep your money in your wallet, like Dotakels suggested, (I'm not talking Bitcoin here) and the exchange value doesn't change (which would be quite a rarity) you'll still have less due to inflation.
The value of money is measured in goods you can buy.

[knowhow]

fiat money is making our money worth less year by year salary doesnt raise as inflation soo we loose purchasing power of basic products soo bitcoin can loose or gain value but the ammount would keep the same 1 btc will be 1 btc in 10 years if not spended.Soo change from fiat to bitcoin can become the best way to save money

[Don007]

fiat money is making our money worth less year by year salary doesnt raise as inflation soo we loose purchasing power of basic products soo bitcoin can loose or gain value but the ammount would keep the same 1 btc will be 1 btc in 10 years if not spended.Soo change from fiat to bitcoin can become the best way to save money

I don't think you really get the idea of inflation. Yes, 1 BTC is 1 BTC in 10 years. However, 1 dollar is also 1 dollar in 10 years.

Yes, you're right; you will loose purchasing power. But as the BTC is somehow linked to the dollar / euro (I mean, you can trade 1 BTC for dollars or euro's), this means BTC is harmed by inflation too:

When you sell 1 BTC for 300 dollar now, inflation will hit these 300 dollars and these dollars will be worth less in 10 years. But that's the same for your Bitcoins. If you BTC are worth $300 now, they will be worth about $200 in 10 years due to inflation. CETERIS PARIBUS!  I think it's hard for me to explain this, but as the BTC is linked to fiat, inflation will hit BTC too.

If the price of the BTC remains the same, you can buy more now than you can buy in 10 years with the same 1 BTC. Due to inflation.

[Genesys]

Investing is not that easy because you have to hire a broker and pay him, you first need to save some money.
I earn around 650 USD/month and manage to save around 300, I am waiting to have 1000~2000 USD to get into market.

What are you saying? Do you need brokers when you invest in bitcoin? I dont think so, in bitcoin you learn how to maintain your bitcoin by yourselves, profit or loss it is determined by your works not broker

I was talking about stock, not BTC. Perhaps, considering that in this country the only BTC vendors are those from sites like localbitcoins*, it is about the same that having to hire a broker. If I could buy stock directly, I would do it, but as far as I know it is not possible (only when companies put actions into market to be bought directly by average people -emission of shares?**- but that does not happen so often).

* I think sites like Coinbase allow you to buy/sell at the same price (based on the pictures posted in their FAQ), unlike localbitcoins where there is a difference of 15-20% between buy and sell prices.

** I am not sure how to say that in English.

Coinbase only allows US citizens to purchase bitcoins. Or at least have a US bank account.

[d5000]

How to get rich? It's simple: Working

Working is doing some activity that satisfies a necessity of other people. If you don't do that, then yo can earn money only being lucky or benefitting from other people's efforts.

But there will never be a magic investment that will let all people get rich without any effort. Finance system is a zero-sum game, financial products can only grow if there is some sustainable work attached to it.

Obviously there is "working" and "working". You shouldn't accept slavery.

[PenguinFire]

It is hard to save money but here are things I do.  I bring my whole food to work, I plan out my day so I drive the least distance between places, and I take all the help my family will give me.    The bringing your own food to work thing will add up fast.  It won't be 100s a month but you can easily save 50 dollars a month easily by doing so.

[ummina]

very brilliant. good thingking.
that is very more benefit rather than using the money to somithing not important we do.
firstly necessity not we want.
may be everyone must to learning about how to use and saving the money, cause in globalisation era, manage times and money is important too.
look at the condition now. dollars going up and have fluctuations.

[Amph]

Investing is not that easy because you have to hire a broker and pay him, you first need to save some money.
I earn around 650 USD/month and manage to save around 300, I am waiting to have 1000~2000 USD to get into market.

What are you saying? Do you need brokers when you invest in bitcoin? I dont think so, in bitcoin you learn how to maintain your bitcoin by yourselves, profit or loss it is determined by your works not broker

I was talking about stock, not BTC. Perhaps, considering that in this country the only BTC vendors are those from sites like localbitcoins*, it is about the same that having to hire a broker. If I could buy stock directly, I would do it, but as far as I know it is not possible (only when companies put actions into market to be bought directly by average people -emission of shares?**- but that does not happen so often).

* I think sites like Coinbase allow you to buy/sell at the same price (based on the pictures posted in their FAQ), unlike localbitcoins where there is a difference of 15-20% between buy and sell prices.

** I am not sure how to say that in English.

Coinbase only allows US citizens to purchase bitcoins. Or at least have a US bank account.

Not exactly, as far as I know, as of today, Coinbase allows citizens from 15 countries to buy BTC.
And that was exactly what I implied (or tried to), I cannot buy coins from them because my country is not listed yet.

better to not deal with them at all, they have heavy restricting and regulation, you would waste money which would be payed in taxe, if you use them, bitcoin can help you saving money from some unfair taxes, but with services like coinbase this will be futile

[Dotakels]

very brilliant. good thingking.
that is very more benefit rather than using the money to somithing not important we do.
firstly necessity not we want.
may be everyone must to learning about how to use and saving the money, cause in globalisation era, manage times and money is important too.
look at the condition now. dollars going up and have fluctuations.

That must the poor countries do, encourage their citizens to save and spend their savings into things that can help theirselves and also it can help their country.

[knowhow]

fiat money is making our money worth less year by year salary doesnt raise as inflation soo we loose purchasing power of basic products soo bitcoin can loose or gain value but the ammount would keep the same 1 btc will be 1 btc in 10 years if not spended.Soo change from fiat to bitcoin can become the best way to save money

I don't think you really get the idea of inflation. Yes, 1 BTC is 1 BTC in 10 years. However, 1 dollar is also 1 dollar in 10 years.

Yes, you're right; you will loose purchasing power. But as the BTC is somehow linked to the dollar / euro (I mean, you can trade 1 BTC for dollars or euro's), this means BTC is harmed by inflation too:

When you sell 1 BTC for 300 dollar now, inflation will hit these 300 dollars and these dollars will be worth less in 10 years. But that's the same for your Bitcoins. If you BTC are worth $300 now, they will be worth about $200 in 10 years due to inflation. CETERIS PARIBUS!  I think it's hard for me to explain this, but as the BTC is linked to fiat, inflation will hit BTC too.

If the price of the BTC remains the same, you can buy more now than you can buy in 10 years with the same 1 BTC. Due to inflation.

i got your point about inflation and the thing to loose purchase power because we pay for a 1kg of apple around 2 dollars on the next years the same apple would be costing 3 dollars ,but bitcoin will achieve new markets and can become the new fiat option acepted everywhere on that day we wont need anymore to convert into fiat,i believe on the nexts 10 ,20 years we will see bitcoin everywhere ,be able to spend ,pay with bitcoin more safe then credit cards that can be cloned

[btccashacc]

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 .

emmm 20% of my salary is only 25$

[mrhelpful]

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 .

emmm 20% of my salary is only 25$

Then just means you need a better job or get some additional cash flow.

But overall most people dont have enough to pay their own medical insurance, since they are stacked against student loans and other misc daily debts.

I`d focus on how you can earn more, then just learning to save.

[techgeek]

Most people will never be responsible with money. They don't understand it, and certainly don't respect it. That is why wealth flows from the irresponsible many to the responsible few. And that is how it should be.

Not entirely true. The richest 1% in the world are just greedy banksters and swallow up everything for themselves by explotiing the poor and those who lend money from them. Many people live in poverty throughout the world without any hope of changing their life and that's not always their fault.

You forget the other 1% thats in other countries as well.

Bankers yes, but there are also huge whales like who own a good amount as banks like the people who own every single factory in china or impor export routes.

[lissandra]

Investing is not that easy because you have to hire a broker and pay him, you first need to save some money.
I earn around 650 USD/month and manage to save around 300, I am waiting to have 1000~2000 USD to get into market.

What are you saying? Do you need brokers when you invest in bitcoin? I dont think so, in bitcoin you learn how to maintain your bitcoin by yourselves, profit or loss it is determined by your works not broker

now broker handle bitcoin? maybe he use broker for trade his money and get profit but im confused if he invest in bitcoin. why he need broker to buy bitcoin

if a broker handled bitcoin, i think most of us would never see it again lol.

I mean its bad as it is just to buy or deal with coinbase support if they dont honor your prices or transactions.

[Dotakels]

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 .

emmm 20% of my salary is only 25$

Then just means you need a better job or get some additional cash flow.

But overall most people dont have enough to pay their own medical insurance, since they are stacked against student loans and other misc daily debts.

I`d focus on how you can earn more, then just learning to save.

Yes your salary is too low, may i know your job? i think you should find a better job. Yes actually many people can't pay their hospital bills or other unwanted payment, so i recommend that you must save in case you need money, you can get a money and you don't need to have a debt.

[Amph]

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 .

emmm 20% of my salary is only 25$

where do you live? usually in those place with low salary, the cost of living is low as well so the ratio will be about the same when you compare it to a better salary but a more expensive place

if this isn't the case and you can't find a better job, then you need multiple jobs to accomplish the same thing, for sure you can't savi anything with such amount

[notlist3d]

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 .

emmm 20% of my salary is only 25$

where do you live? usually in those place with low salary, the cost of living is low as well so the ratio will be about the same when you compare it to a better salary but a more expensive place

if this isn't the case and you can't find a better job, then you need multiple jobs to accomplish the same thing, for sure you can't savi anything with such amount

I would agree country is key.  Some have such low salary it is almost surprising to some.   But if they can make enough to live... that is better then the alternative.

If US then yes 25 dollars will be hard to build a nestegg for retirement.   But some countries 25 dollars you are pretty well off.  I'm hoping your in one of those.

[Dotakels]

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 .

emmm 20% of my salary is only 25$

where do you live? usually in those place with low salary, the cost of living is low as well so the ratio will be about the same when you compare it to a better salary but a more expensive place

if this isn't the case and you can't find a better job, then you need multiple jobs to accomplish the same thing, for sure you can't savi anything with such amount

I would agree country is key.  Some have such low salary it is almost surprising to some.   But if they can make enough to live... that is better then the alternative.

If US then yes 25 dollars will be hard to build a nestegg for retirement.   But some countries 25 dollars you are pretty well off.  I'm hoping your in one of those.

It means that US are better than to other countries by means of economy so the value of USD is higher than to the currency of that countries. Like here in philippines, $25 dollars is almost 1,100 Pesos and its enough to budget within 1 month.