How to save money.

[1986]

it was basic savings strategy i think, 20% of our total income. i did it in past 5 years and it's working , i can bought a new car with my unused savings.

20% is a good and safe amount. I think over time bitcoin will be a very sound investment and definitly give you better interest over even a high interest bank account.

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[greBit]

You need only a financial discipline, you can't buy everything you see, just buy what you need, not need accuracy but only to ask for what I need it? What use? But I'm sure bet not ever the best way to save but to risk any capital, because the temptation to increase and win sometimes force anyone to invest again.

Thats right, people are always tempted to increase their money without seeing the risks, so that they only see the benefit that will be achieved

That's the temptation of gambling. You always want to place ONE more bet as you're quite convinced you're going to win that one (and thereby for example cover your costs). However, what happens when you loose that bet is that you are going to try to place another ONE bet (probably with a bigger amount of money or BTC).. All in order to cover your costs. And then you're too deep into the game.

See gambling this way: as the house wants the casino / website to be profitable, in the end you will loose money. Yes, there is a chance that you actually make money (and some are lucky enough for this - but, in the end, the chance that you loose is bigger. If you really want to gamble, only use money you can really afford to loose.

For example, if you would otherwise spend $50 in a club that night, you can also spend $50 in a casino. But if your financial status is that bad that you can not loose a few dollars, simply don't gamble. Keep your money, and if you've got some spare; SAVE IT as harder times will aways come.

Exactly the point harharhar tried making, gamble with money you can afford to. He gambled with the money he think he could afford losing and it benefited him positively, so ofcourse even if he loses, it won't be such a bad thing. Gambling is something I was never really good at, but I've seen lot of people be successful by gambling. They take risks in casinos, in real life. Nothing bad with the idea

[ajun96]

You need only a financial discipline, you can't buy everything you see, just buy what you need, not need accuracy but only to ask for what I need it? What use? But I'm sure bet not ever the best way to save but to risk any capital, because the temptation to increase and win sometimes force anyone to invest again.

Thats right, people are always tempted to increase their money without seeing the risks, so that they only see the benefit that will be achieved

That's the temptation of gambling. You always want to place ONE more bet as you're quite convinced you're going to win that one (and thereby for example cover your costs). However, what happens when you loose that bet is that you are going to try to place another ONE bet (probably with a bigger amount of money or BTC).. All in order to cover your costs. And then you're too deep into the game.

See gambling this way: as the house wants the casino / website to be profitable, in the end you will loose money. Yes, there is a chance that you actually make money (and some are lucky enough for this - but, in the end, the chance that you loose is bigger. If you really want to gamble, only use money you can really afford to loose.

For example, if you would otherwise spend $50 in a club that night, you can also spend $50 in a casino. But if your financial status is that bad that you can not loose a few dollars, simply don't gamble. Keep your money, and if you've got some spare; SAVE IT as harder times will aways come.

it seems almost everyone has experienced it, its so true, it happened also to me, while playing dice in the first round I lost to 0001, I think to close earlier defeat to place a bet, remains a loss again that I can

[ajun96]

You need only a financial discipline, you can't buy everything you see, just buy what you need, not need accuracy but only to ask for what I need it? What use? But I'm sure bet not ever the best way to save but to risk any capital, because the temptation to increase and win sometimes force anyone to invest again.

Thats right, people are always tempted to increase their money without seeing the risks, so that they only see the benefit that will be achieved

That's the temptation of gambling. You always want to place ONE more bet as you're quite convinced you're going to win that one (and thereby for example cover your costs). However, what happens when you loose that bet is that you are going to try to place another ONE bet (probably with a bigger amount of money or BTC).. All in order to cover your costs. And then you're too deep into the game.

See gambling this way: as the house wants the casino / website to be profitable, in the end you will loose money. Yes, there is a chance that you actually make money (and some are lucky enough for this - but, in the end, the chance that you loose is bigger. If you really want to gamble, only use money you can really afford to loose.

For example, if you would otherwise spend $50 in a club that night, you can also spend $50 in a casino. But if your financial status is that bad that you can not loose a few dollars, simply don't gamble. Keep your money, and if you've got some spare; SAVE IT as harder times will aways come.

Exactly the point harharhar tried making, gamble with money you can afford to. He gambled with the money he think he could afford losing and it benefited him positively, so ofcourse even if he loses, it won't be such a bad thing. Gambling is something I was never really good at, but I've seen lot of people be successful by gambling. They take risks in casinos, in real life. Nothing bad with the idea

play gambling based only luck, you're sure to be rich just by luck? nothing is really successful and rich from gambling

[torrentheaven]

The only money I save is through buying Bitcoin I've personally never had so much money at any given time in my savings.

I think that has happened because you have not made any other external use of your btc by investing it into something, gambling, etc. You're a hodler and you will not let go until it is a very very big market. That is a good thing but I advise you to play a little with your bitcoins and maybe invest them into something you think has a future, or better yet gamble with the coins you think you can afford to lose. Sometimes you will comeback with lot more you think you were ready to let go.

Suggesting someone to gamble with their money / BTC in order to save money is the worst and funniest thing I've read this week.. Overal, you loose money with gambling. Yes, there's a chance that you win money, but - in the end - there is always a bigger chance that you loose money (as the casino / dice website etc has an house edge in order to be profitable).

Investing might be a good advise - as long as you invest well and in the right project. That's very hard too..

I had the same ideology till a week ago, I was really tired of how things were working out for me and decided to gamble with 0.5 btc. I guess I was either really good at online casino or I was really lucky but I did make 6x of what I started with. I think gambling is fun when you have money to gamble. It is all about discipline too, you should know when to stop. I see a lot of negativity about gambling because a lot of people end up losing, its okay, to each his own

Haha its a great for you but for the others gambling is a bad idea or a bad way to grow their coins. And many of people have a negative though about bitcoin because they are the one who lose their money because of gambling.

Human being is a only animal on a planet who is greedy. I Agree what you said that people starts blaming bitcoins if they have loose their bitcoins in gambling. And for sure everyone out here have taken a chance on gambling to grow their bitcoins in a quick way.
But I'm sure many of them have turned up loosing at the end of the day, It is a human nature that if he wins for the first time he will continue to play unless he don't loose everything 

[tommorisonwebdesign]

The only money I save is through buying Bitcoin I've personally never had so much money at any given time in my savings.

I think that has happened because you have not made any other external use of your btc by investing it into something, gambling, etc. You're a hodler and you will not let go until it is a very very big market. That is a good thing but I advise you to play a little with your bitcoins and maybe invest them into something you think has a future, or better yet gamble with the coins you think you can afford to lose. Sometimes you will comeback with lot more you think you were ready to let go.

Suggesting someone to gamble with their money / BTC in order to save money is the worst and funniest thing I've read this week.. Overal, you loose money with gambling. Yes, there's a chance that you win money, but - in the end - there is always a bigger chance that you loose money (as the casino / dice website etc has an house edge in order to be profitable).

Investing might be a good advise - as long as you invest well and in the right project. That's very hard too..

I had the same ideology till a week ago, I was really tired of how things were working out for me and decided to gamble with 0.5 btc. I guess I was either really good at online casino or I was really lucky but I did make 6x of what I started with. I think gambling is fun when you have money to gamble. It is all about discipline too, you should know when to stop. I see a lot of negativity about gambling because a lot of people end up losing, its okay, to each his own

The problem (at least for me) is that is so addictive. I won $2000 dollars at a casino in my city and I ended up becoming addicted to gambling. I slowly lost the $2000 I won and then some. If you are able to discipline yourself, by all means.

[nerFohanzo]

The only money I save is through buying Bitcoin I've personally never had so much money at any given time in my savings.

I think that has happened because you have not made any other external use of your btc by investing it into something, gambling, etc. You're a hodler and you will not let go until it is a very very big market. That is a good thing but I advise you to play a little with your bitcoins and maybe invest them into something you think has a future, or better yet gamble with the coins you think you can afford to lose. Sometimes you will comeback with lot more you think you were ready to let go.

Suggesting someone to gamble with their money / BTC in order to save money is the worst and funniest thing I've read this week.. Overal, you loose money with gambling. Yes, there's a chance that you win money, but - in the end - there is always a bigger chance that you loose money (as the casino / dice website etc has an house edge in order to be profitable).

Investing might be a good advise - as long as you invest well and in the right project. That's very hard too..

I had the same ideology till a week ago, I was really tired of how things were working out for me and decided to gamble with 0.5 btc. I guess I was either really good at online casino or I was really lucky but I did make 6x of what I started with. I think gambling is fun when you have money to gamble. It is all about discipline too, you should know when to stop. I see a lot of negativity about gambling because a lot of people end up losing, its okay, to each his own

The problem (at least for me) is that is so addictive. I won $2000 dollars at a casino in my city and I ended up becoming addicted to gambling. I slowly lost the $2000 I won and then some. If you are able to discipline yourself, by all means.

Discipline is an integral part of gambling, If you win the first game, just quit. That is the best way to do, but if you keep on thinking of doubling your coins and continue to play, I bet you will end up loosing. And with gambling only the casino owners gets rich, not the players like us. So once in a while if you gamble for a fun then it is acceptable, don't make it as a habbit.

[bitcollins85]

I have a simple rule for saving money.. don't spend on things of you don't really need. You need to rank purchases/expenditure by their importance.

[operrajunk74]

I have a simple rule for saving money.. don't spend on things of you don't really need. You need to rank purchases/expenditure by their importance.

Yeah, and I think we should postponed our expenses, should avoid the unwanted expenses and try the alternative option or can go for a substitute product which is comparatively cheap and serve the purpose. That is the one way of saving money.

[Miracal]

You need only a financial discipline, you can't buy everything you see, just buy what you need, not need accuracy but only to ask for what I need it? What use? But I'm sure bet not ever the best way to save but to risk any capital, because the temptation to increase and win sometimes force anyone to invest again.

Thats right, people are always tempted to increase their money without seeing the risks, so that they only see the benefit that will be achieved

That's the temptation of gambling. You always want to place ONE more bet as you're quite convinced you're going to win that one (and thereby for example cover your costs). However, what happens when you loose that bet is that you are going to try to place another ONE bet (probably with a bigger amount of money or BTC).. All in order to cover your costs. And then you're too deep into the game.

See gambling this way: as the house wants the casino / website to be profitable, in the end you will loose money. Yes, there is a chance that you actually make money (and some are lucky enough for this - but, in the end, the chance that you loose is bigger. If you really want to gamble, only use money you can really afford to loose.

For example, if you would otherwise spend $50 in a club that night, you can also spend $50 in a casino. But if your financial status is that bad that you can not loose a few dollars, simply don't gamble. Keep your money, and if you've got some spare; SAVE IT as harder times will aways come.

Exactly the point harharhar tried making, gamble with money you can afford to. He gambled with the money he think he could afford losing and it benefited him positively, so ofcourse even if he loses, it won't be such a bad thing. Gambling is something I was never really good at, but I've seen lot of people be successful by gambling. They take risks in casinos, in real life. Nothing bad with the idea

play gambling based only luck, you're sure to be rich just by luck? nothing is really successful and rich from gambling

Gambling is a way for people to make money easily, but nothing is for certain which is the very factor which makes gambling scary. If you think gambling is only about luck, I think you should not speak something if you don't have knowledge about it. Gambling itself is an art, and there are a lot of people who changed their lives with gambling. Here are a few links:

http://listverse.com/2014/05/10/10-crazy-huge-gambling-wins/
http://www.oddee.com/item_98616.aspx
http://listverse.com/2010/01/24/10-gamblers-who-beat-the-casino/

[Don007]

I have a simple rule for saving money.. don't spend on things of you don't really need. You need to rank purchases/expenditure by their importance.

Yeah, and I think we should ... avoid the unwanted expenses ...

How? Unwanted expenses are unwanted, and I think there's not much to do about that.

Yes, you can maintain for example your car well, but even then components may break. I'd like to hear how you think about that.

[faridkifly]

it was basic savings strategy i think, 20% of our total income. i did it in past 5 years and it's working , i can bought a new car with my unused savings.

Are you sure dude?
What kind of car did you bought?entry level car or mid end?

[ummina]

1. Save your loose change. Putting aside fifty cents a day over the course of a year will allow you to save nearly 40% of a $500 emergency fund.
2. Keep track of your spending. At least once a month, use credit card, checking, and other records to review what you've purchased. Then, ask yourself if it makes sense to reallocate some of this spending to an emergency savings account.
3. Never purchase expensive items on impulse. Think over each expensive purchase for at least 24 hours. Acting on this principle will mean you have far fewer regrets about impulse purchases, and far more money for emergency savings.
4. Use debit and credit cards prudently. To minimize interest charges, try to limit credit card purchases to those you can pay off in full at the end of the month. If you use a debit card, don't rely on an overdraft feature to spend money you don't have. With either approach, you'll have more money available for emergency savings.
5. Are you looking for an effective way to establish a budget? Beginning on the first day of a new month, get a receipt for everything you purchase. Stack and review receipts at the end of the month, and you will clearly be able to see where your money is going.
6. It pays to practice preventative dental care, since a good cleaning routine helps prevent fillings, root canals, and dental crowns, which are expensive and no fun.
7. Most people don’t track what they spend and may not realize when expenses add up to more than their budget can handle. To keep track of what you spend, put what you think you should spend for the month on transportation, food, entertainment, etc., into envelopes. This will help you avoid buying things you don’t need, and what’s left over can go into saving.
8. Take advantage of discounts and/or incentive programs provided through your employer. For example, if the company you work for offers discounted rates for computers, fitness center memberships, movie tickets and passes to summer festivals, take advantage! Check your corporate intranet or talk to your human resources representative. And don’t forget the best deal of all – investing in your 401(k)!
9. One way to establish a savings discipline is to “save” an amount equal to whatever is spent on nonessential indulgences. Put a matching amount in a cookie jar for expenditures for beer, wine, cigarettes, designer coffee, etc. If you can’t afford to save the matching amount, you can’t afford the $4 super almond low-fat latte.
10. Take the amount the item costs and divide it into your hourly wage. If it’s a $50 pair of shoes and you make $10 an hour, ask yourself, are those shoes really worth five long hours of work? It helps keep things in perspective.
11. Aim for short-term savings goals, such as setting aside $20 a week or month rather than long term savings goals, such as $200 over a year. 12. People save more successfully when they keep the short-term goal in sight.
12. Save money by buying items online, in bulk. Some companies even offer free shipping on large orders. Clearance items are sometimes available, and good savings can be found on non-perishable groceries and diapers. This saves time and money!


- See more at: http://www.americasaves.org/for-savers/make-a-plan-how-to-save-money/54-ways-to-save-money#sthash.d58FRgqx.dpuf

[Dotakels]

it was basic savings strategy i think, 20% of our total income. i did it in past 5 years and it's working , i can bought a new car with my unused savings.

Are you sure dude?
What kind of car did you bought?entry level car or mid end?

Theres no impossible to a person who are determined to save and have a discipline on himself, so clear your doubt that he can't do or he can't bought a car with his type of saving. Just let him expressed what he does.

[pinball8]

Substitute coffee for expensive coffee drinks. The $2 a day you could well save by buying a coffee rather than a cappuccino or latte would allow you, over the course of a year, to completely fund a $500 emergency fund.
Bring lunch to work. If buying lunch at work costs $5, but making lunch at home costs only $2.50, then in a year, you could afford to create a $500 emergency fund and still have money left over.
Eat out one fewer time each month. If it costs you $25 to eat out, but only $5 to eat in, then the $20 you save each month allows you to almost completely fund a $500 emergency savings account.
Shop for food with a list and stick to it. People who do food shopping with a list, and buy little else, spend much less money than those who decide what to buy when they get to the food market. The annual savings could easily be hundreds of dollars.
Back to top

- See more at: http://www.americasaves.org/for-savers/make-a-plan-how-to-save-money/54-ways-to-save-money#sthash.dq47DVyY.dpuf

[mookid]

Lot's of people spend a ridiculous amount of money buying expensive coffe. Just make it home :S

[Don007]

Lot's of people spend a ridiculous amount of money buying expensive coffe. Just make it home :S

I agree on you with that part; buy as much as possible in supermarkets and take that with you. This counts for both food and drinks. The price for a single coke (0.33 or 0.5 liter) is more than the price of a 1.5 liter bottle in the supermarket.

However, this also has a downside: I think we all enjoy going to a club / pub and going out to eat dinner (together with your partner for example). That experience is more than just the food or the drinks if you know what I mean. However, if you really have to save money (because you've got financial problems each month) you should stop doing these activities.

[maokoto]

In fact, saving a bit is not at all difficult, but we indulge ourselves too much.

I mean, it should be easy to go to the cinema 2 times a month instead of 4 or more. It should be easy to stick with our smartphone/computer/tablet 6 more months instead of buying the latest one. It should be easy to eat less or less expensive food, or save in gas by walking more.

But we use to say "yes" to our flesh too much.

[ajun96]

You need only a financial discipline, you can't buy everything you see, just buy what you need, not need accuracy but only to ask for what I need it? What use? But I'm sure bet not ever the best way to save but to risk any capital, because the temptation to increase and win sometimes force anyone to invest again.

Thats right, people are always tempted to increase their money without seeing the risks, so that they only see the benefit that will be achieved

That's the temptation of gambling. You always want to place ONE more bet as you're quite convinced you're going to win that one (and thereby for example cover your costs). However, what happens when you loose that bet is that you are going to try to place another ONE bet (probably with a bigger amount of money or BTC).. All in order to cover your costs. And then you're too deep into the game.

See gambling this way: as the house wants the casino / website to be profitable, in the end you will loose money. Yes, there is a chance that you actually make money (and some are lucky enough for this - but, in the end, the chance that you loose is bigger. If you really want to gamble, only use money you can really afford to loose.

For example, if you would otherwise spend $50 in a club that night, you can also spend $50 in a casino. But if your financial status is that bad that you can not loose a few dollars, simply don't gamble. Keep your money, and if you've got some spare; SAVE IT as harder times will aways come.

Exactly the point harharhar tried making, gamble with money you can afford to. He gambled with the money he think he could afford losing and it benefited him positively, so ofcourse even if he loses, it won't be such a bad thing. Gambling is something I was never really good at, but I've seen lot of people be successful by gambling. They take risks in casinos, in real life. Nothing bad with the idea

play gambling based only luck, you're sure to be rich just by luck? nothing is really successful and rich from gambling

Gambling is a way for people to make money easily, but nothing is for certain which is the very factor which makes gambling scary. If you think gambling is only about luck, I think you should not speak something if you don't have knowledge about it. Gambling itself is an art, and there are a lot of people who changed their lives with gambling. Here are a few links:

http://listverse.com/2014/05/10/10-crazy-huge-gambling-wins/
http://www.oddee.com/item_98616.aspx
http://listverse.com/2010/01/24/10-gamblers-who-beat-the-casino/

If gambling is not about luck, and what? with skill? you can use the skill to play gambling?
Are you kidding me, if only sklill can win gambling, will be a lot of rich people in the world are rich from gambling,

[Amph]

In fact, saving a bit is not at all difficult, but we indulge ourselves too much.

I mean, it should be easy to go to the cinema 2 times a month instead of 4 or more. It should be easy to stick with our smartphone/computer/tablet 6 more months instead of buying the latest one. It should be easy to eat less or less expensive food, or save in gas by walking more.

But we use to say "yes" to our flesh too much.

actually you can go to see cinema 4 times but go to the less costly one instead, i don't like that we should forbid us of our pleasures to save money, money are useless if you can not use them to have fun in  this world

so keeps doing what you like but choose the inexpensive way to do it, that's all