How to save money.

[dothebeats]

Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.

To do all of these you first need to make some money... it all starts with having a job or some sort of monthly income where you can save a % of it monthly. If you are only paying bills you are another poor soul trapped in the system with no hope.

The sad reality is that there are plenty of poor souls all over the world that works only to pay bills and sometimes need to make a loan in order to survive. Majority of the people in the world are still enslaved by debt, and we can say that it is because of their limited control over their own money. Regulations here, authorities there, banks and financial institutions that will strangle you to death with those taxes and fees that aren't really necessary. Bitcoin stood and set forth another chance for those poor souls to at least experience a life that is comfortable and favorable, but that is until bitcoin reach the masses and see worldwide adoption.

[coinpr0n]

Saving money comes very hard to me. Not good at it. I will keep this in mind and give it a try too. Thank you.

[PolarPoint]

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.

[Btcvilla]

I believe in only spending when it is necessary. The worst is taking loans to buy stuff that depreciate in value. Younger generation these days tend to spend indiscriminately leaving very little for savings. When it comes to saving it's a matter whether one has the discipline to do it.

Buying luxarys is fine, aslong as the person is not spending to much money on them, that's the issue.

[Dotakels]

Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.

To do all of these you first need to make some money... it all starts with having a job or some sort of monthly income where you can save a % of it monthly. If you are only paying bills you are another poor soul trapped in the system with no hope.

The sad reality is that there are plenty of poor souls all over the world that works only to pay bills and sometimes need to make a loan in order to survive. Majority of the people in the world are still enslaved by debt, and we can say that it is because of their limited control over their own money. Regulations here, authorities there, banks and financial institutions that will strangle you to death with those taxes and fees that aren't really necessary. Bitcoin stood and set forth another chance for those poor souls to at least experience a life that is comfortable and favorable, but that is until bitcoin reach the masses and see worldwide adoption.

This is right, all of their salary was paid for bills,taxes. And if theres a few money that left,  they will not save but they will buy their want and not their needs.

[dothebeats]

Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.

To do all of these you first need to make some money... it all starts with having a job or some sort of monthly income where you can save a % of it monthly. If you are only paying bills you are another poor soul trapped in the system with no hope.

The sad reality is that there are plenty of poor souls all over the world that works only to pay bills and sometimes need to make a loan in order to survive. Majority of the people in the world are still enslaved by debt, and we can say that it is because of their limited control over their own money. Regulations here, authorities there, banks and financial institutions that will strangle you to death with those taxes and fees that aren't really necessary. Bitcoin stood and set forth another chance for those poor souls to at least experience a life that is comfortable and favorable, but that is until bitcoin reach the masses and see worldwide adoption.

This is right, all of their salary was paid for bills,taxes. And if theres a few money that left,  they will not save but they will buy their want and not their needs.

You can easily agree on my point because well, as we know it, we live in the same country. The situations I've stated above is very evident in our place. Corruption and greediness of the authorities adds up to the already heavy burden of my poor countrymen. Add those financial institutions and banks that offer loans with an insane amount of interest rates? I don't know if you can still survive that mess.

[yatsey87]

I think it's actually quite easy to save money as long as you have the discipline. I'm pretty good at saving money and have much more than all my friends but I think it's about finding a balance. My friends tend to spend a lot of money on alcohol and going out whereas I don't. They probably enjoy themselves more than me but I know they all hate having no money but can't seem to change their habits. I go out once a or twice a month to party or whatnot but they go out once or twice a week and then have zero money at the end of the month and that then means no luxuries or holidays in the future. If they ever get into trouble financially or lose their job they then can spiral into debt quite quickly.

[dothebeats]

I think it's actually quite easy to save money as long as you have the discipline. I'm pretty good at saving money and have much more than all my friends but I think it's about finding a balance. My friends tend to spend a lot of money on alcohol and going out whereas I don't. They probably enjoy themselves more than me but I know they all hate having no money but can't seem to change their habits. I go out once a or twice a month to party or whatnot but they go out once or twice a week and then have zero money at the end of the month and that then means no luxuries or holidays in the future. If they ever get into trouble financially or lose their job they then can spiral into debt quite quickly.

That's the worst you can ever experience. Being too careless on spending often leads to loan and debt, and when we say debt = financial institutions or banks. Those people who have the money but doesn't have the discipline tend to get rekt in the end, never thinking about the future and enjoying themselves too much. Well as the OP stated, a good way to keep something in case shit happens is to allocate at least 20% of your paycheck to your savings and the rest may go to your expenses and whatnot. It's better to be prepared than to regret in the end.

[D4C]

Just live within your means and educate yourself financially. Other than that depends on what you want to do with your life.

[dothebeats]

Just live within your means and educate yourself financially. Other than that depends on what you want to do with your life.

Well it's not always what you want, it is also based on what you really need on your life. There are things that you can go by without, like several luxuries and stuffs that you don't really need. Educating yourself financially is a good way to go; you can easily cope up with what's happening in the economy and you tend to be wiser than most of the uneducated ones in terms of financial understanding.

[Dotakels]

Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.

True. And also, if you are thinking about investing, having a diversified portfolio is great. It allows you to minimize the risks that you might encounter and gives you an assurance that you will not lose everything that you have once an investment of yours encounter bankruptcy or a great loss.

And also trust the compound interest it gives you a big profit

[Dotakels]

Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.

True. And also, if you are thinking about investing, having a diversified portfolio is great. It allows you to minimize the risks that you might encounter and gives you an assurance that you will not lose everything that you have once an investment of yours encounter bankruptcy or a great loss.

And also trust the power of compound interest. If you use it you can earn a big profit.

[Hazir]

-dont eat crap like fast food. its not cheap and you get no nutrition. eat more fresh fruits/vegitables
-cut out smoking/drinking
-make your own coffee
-rethink your expensive phone/data plan
-get rid of car payment (pay cash for used car)
-DONT USE CREDIT CARDS. If you cant afford something today, you probably dont NEED it today

just a few ways I can think of

Unfortunately fast foods and other crap foods tend to be quite cheap from the other hand fruits and vegetables are not exactly cheap and more of a luxury food for many.
Smoking is just bad I agree, but when I quit smoking, drinking, coffee and some other stuff what for I will live? I did not get that car part, because you can't get rid of car insurance and other taxes really.
Credit cards are cancer - I fully agree. Stop living your life for credit!

[bitbunnny]

-dont eat crap like fast food. its not cheap and you get no nutrition. eat more fresh fruits/vegitables
-cut out smoking/drinking
-make your own coffee
-rethink your expensive phone/data plan
-get rid of car payment (pay cash for used car)
-DONT USE CREDIT CARDS. If you cant afford something today, you probably dont NEED it today

just a few ways I can think of

Don't do or use any of these. And still can't save money, at least not enough.

[MF Doom]

-dont eat crap like fast food. its not cheap and you get no nutrition. eat more fresh fruits/vegitables
-cut out smoking/drinking
-make your own coffee
-rethink your expensive phone/data plan
-get rid of car payment (pay cash for used car)
-DONT USE CREDIT CARDS. If you cant afford something today, you probably dont NEED it today

just a few ways I can think of

Unfortunately fast foods and other crap foods tend to be quite cheap from the other hand fruits and vegetables are not exactly cheap and more of a luxury food for many.
Smoking is just bad I agree, but when I quit smoking, drinking, coffee and some other stuff what for I will live? I did not get that car part, because you can't get rid of car insurance and other taxes really.
Credit cards are cancer - I fully agree. Stop living your life for credit!

but from a nutritional aspect, eating fresh food is WAY cheaper especially in the long run. Believe me you are doing yourself a disservice by eating junk.  If you learn to cook, and eat leftovers once in a while, I've found its WAY cheaper than eating fast food/eating out.

For cars, you can save a lot of money by going used.  A $3000 car can last you several years, while if you buy or lease, that will cost you around 10k (lease) to 25k over 5 years paying off a new car.  Insurance will also be cheaper by a few hundred/year.

Secondly, if you have nothing else to look forward to past "smoking, drinking, coffee" then you have much greater problems than I can help with!

[GreenStox]

It's virtually impossible to save in this economy, since the entire system discourages intelligent saving, and promotes braindead consumerism. All this shopping freak women in the mall or these braindead people who stomp on eachother when a new supermarket opens.

And of course all of this is done via credit cards which borrow money from the future generations to pay for the idiocracy of the current one.

========

Side issue aside, the only way to save is to not invest in the current economy (which will fall anyway soon), and invest in the new economy.

So: Gold, Bitcoin, Litecoin, other cryptos (though beware of non-fixed supply cryptos, and dollar pegged cryptos like Bitshare which are snake oil in my opinion), and perhaps farmland & ammunition.

Also inside bitcoin there are investments too. So if you invest like 30% of your portfolio in bitcoin, you can further invest into honest investment mechanism inside bitcoin with small risk like long term loans and such, which if the price of BTC goes up you win 2 times.

[Dotakels]

It's virtually impossible to save in this economy, since the entire system discourages intelligent saving, and promotes braindead consumerism. All this shopping freak women in the mall or these braindead people who stomp on eachother when a new supermarket opens.

And of course all of this is done via credit cards which borrow money from the future generations to pay for the idiocracy of the current one.

========

Side issue aside, the only way to save is to not invest in the current economy (which will fall anyway soon), and invest in the new economy.

So: Gold, Bitcoin, Litecoin, other cryptos (though beware of non-fixed supply cryptos, and dollar pegged cryptos like Bitshare which are snake oil in my opinion), and perhaps farmland & ammunition.

Also inside bitcoin there are investments too. So if you invest like 30% of your portfolio in bitcoin, you can further invest into honest investment mechanism inside bitcoin with small risk like long term loans and such, which if the price of BTC goes up you win 2 times.

If you do not invest or your money. What is your alternative business that you can earn like when you invest and also if you dont invest the value of your money will be decreased because when the days go on the value of your money will be decreased.

[RodeoX]

Good stuff. I always think about how I spend my money and what really makes me happy. Those things are often the cheapest.

[freeyourmind]

It's virtually impossible to save in this economy, since the entire system discourages intelligent saving, and promotes braindead consumerism. All this shopping freak women in the mall or these braindead people who stomp on eachother when a new supermarket opens.

And of course all of this is done via credit cards which borrow money from the future generations to pay for the idiocracy of the current one.

========

Side issue aside, the only way to save is to not invest in the current economy (which will fall anyway soon), and invest in the new economy.

So: Gold, Bitcoin, Litecoin, other cryptos (though beware of non-fixed supply cryptos, and dollar pegged cryptos like Bitshare which are snake oil in my opinion), and perhaps farmland & ammunition.

Also inside bitcoin there are investments too. So if you invest like 30% of your portfolio in bitcoin, you can further invest into honest investment mechanism inside bitcoin with small risk like long term loans and such, which if the price of BTC goes up you win 2 times.

It's not impossible to save in this economy; although the average person is discouraged from doing so with low interest rates and the culture of consumerism like you mentioned, to constantly update or upgrade products.

I would say gold/silver and cryptocurrencies are good to hold as a safety net, in the event of a currency collapse/hyperinflation, but shouldn't be the only investment.  At the end of the day, the monetary expansion of currency flows through Wallstreet and the stock market.

A couple years ago I started buying physical precious metals and although I'm glad I own it, it's not my primary investment for returns.  If it was, it wouldn't be a good one.

I think fiat currency is a joke, but the majority of people don't think that, so the game keeps going. 

[maku]

It's virtually impossible to save in this economy, since the entire system discourages intelligent saving, and promotes braindead consumerism. All this shopping freak women in the mall or these braindead people who stomp on eachother when a new supermarket opens.

And of course all of this is done via credit cards which borrow money from the future generations to pay for the idiocracy of the current one.

========

Side issue aside, the only way to save is to not invest in the current economy (which will fall anyway soon), and invest in the new economy.

So: Gold, Bitcoin, Litecoin, other cryptos (though beware of non-fixed supply cryptos, and dollar pegged cryptos like Bitshare which are snake oil in my opinion), and perhaps farmland & ammunition.

Also inside bitcoin there are investments too. So if you invest like 30% of your portfolio in bitcoin, you can further invest into honest investment mechanism inside bitcoin with small risk like long term loans and such, which if the price of BTC goes up you win 2 times.

It's not impossible to save in this economy; although the average person is discouraged from doing so with low interest rates and the culture of consumerism like you mentioned, to constantly update or upgrade products.

I would say gold/silver and cryptocurrencies are good to hold as a safety net, in the event of a currency collapse/hyperinflation, but shouldn't be the only investment.  At the end of the day, the monetary expansion of currency flows through Wallstreet and the stock market.

A couple years ago I started buying physical precious metals and although I'm glad I own it, it's not my primary investment for returns.  If it was, it wouldn't be a good one.

I think fiat currency is a joke, but the majority of people don't think that, so the game keeps going.  

Not really, FIAT money is not a joke at all. What makes it a joke is how fiat money is handled by governments, we are living in a corrupt economic system and we don't even know how it is to live different life.
That is why we need bitcoin to show people that we can change reality and made people's life easier, so they could actually save money instead of spending everything!