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Author Topic: How to save money.  (Read 345754 times)
tampazeus
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June 18, 2016, 06:18:18 PM
 #2361

for me save money is buying GOLD it's very save rate for saving money in long term.

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.

yeah right this is our world we are all the same even we are not the same country.. investing gold i think it is only for rich people how about the poor people they cannot afford to buy gold.. so the alternative is bitcoin and do it just for hobby saving it to your wallet and wait for the price increase just like now the price of bitcoin is increase fast.. than gold..

yeah and bitcoin gives us an liberty to buy even in small parts, its not mandatory to buy full btc, and buying in small parts is affordable to majority of users.
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June 18, 2016, 08:27:17 PM
 #2362

you can save your money at bitcoin, hold some bits each week then you sell at highest price.
I think it is not included in saving money. it was included in the investment. because you use your money to buy bitcoin. You will also have the possibility to lose and gain. so if you want to invest in bitcoin.
you have to manage your finances again
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June 19, 2016, 04:27:54 AM
 #2363

Well, I really don't think that it is a good idea to save money in something like fiat currencies. They depreciate over time, and even if you put your money inside a bank you're just scammed under the fractional reserve system.

Save your money under bitcoin instead, it is a great store of value.
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June 19, 2016, 06:34:11 AM
 #2364

Well, I really don't think that it is a good idea to save money in something like fiat currencies. They depreciate over time, and even if you put your money inside a bank you're just scammed under the fractional reserve system.

Save your money under bitcoin instead, it is a great store of value.
That is an investment, it is less appropriate if it is called money-saving. As an investment, you can lose your money. How is this so-called saving money if you actually risking your money?
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June 19, 2016, 07:21:04 AM
 #2365

Well, I really don't think that it is a good idea to save money in something like fiat currencies. They depreciate over time, and even if you put your money inside a bank you're just scammed under the fractional reserve system.

Save your money under bitcoin instead, it is a great store of value.
That is an investment, it is less appropriate if it is called money-saving. As an investment, you can lose your money. How is this so-called saving money if you actually risking your money?
Do you think investing your money in bitcoin is risky for now? i think its not risky because you can make more profit this coming block halving and we will see more price increase..  so sell it when the price is increase above 800 value is enough for me..
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June 19, 2016, 07:33:34 AM
 #2366

Well, I really don't think that it is a good idea to save money in something like fiat currencies. They depreciate over time, and even if you put your money inside a bank you're just scammed under the fractional reserve system.

Save your money under bitcoin instead, it is a great store of value.

Your last statement will also experience the first one you stated.

Putting or saving money in fiat or virtual currency goes into only one road and that is the road of price fluctuations.

If you put something in any of the currency even it's for saving purposes, it's value will changed as time goes by.

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June 19, 2016, 07:34:13 AM
 #2367

Well, I really don't think that it is a good idea to save money in something like fiat currencies. They depreciate over time, and even if you put your money inside a bank you're just scammed under the fractional reserve system.

Save your money under bitcoin instead, it is a great store of value.
Bank scammer? i think banks are save than investing bitcoin and save your money in bitcoin wallet..
Banks locally is safe because of we have regulation locally and we can report it easily than bitcoin we have no power to start a case with bitcoin if  bitcoin will be down in the future..

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June 19, 2016, 07:44:28 AM
 #2368

Well, I really don't think that it is a good idea to save money in something like fiat currencies. They depreciate over time, and even if you put your money inside a bank you're just scammed under the fractional reserve system.

Save your money under bitcoin instead, it is a great store of value.
That is an investment, it is less appropriate if it is called money-saving. As an investment, you can lose your money. How is this so-called saving money if you actually risking your money?
Do you think investing your money in bitcoin is risky for now? i think its not risky because you can make more profit this coming block halving and we will see more price increase..  so sell it when the price is increase above 800 value is enough for me..
First, the main point here is how to save money, not how to grow money.
Second, investment always risky, there is always a chance we will lose, no matter how small it is.
Third, to save money, we should avoid any actions that cause the loss of our money.
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June 19, 2016, 08:36:24 AM
 #2369

Saving money requires a lot of discipline from ourselves, we need to stick with our budget plan and avoid spending thru credit because sometimes we cannot control our self in that situation, we need to automatically set aside savings from our expenses and only spend what is left after the savings is secured.

That is a good advise. Setting aside your savings first and making do of what is left with your money. If your money is not enough, then you have to think of ways to earn more. If one job is not enough, take some part time job to add to your money.
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June 19, 2016, 11:28:41 AM
 #2370

This is for my opinion and what im doing Saving is always a good habit as it can be helpful at the time of emergencies, so for that you need to see what is your income and what are your expenses and depending on your income you need to reduce your unwanted expenses.

saving is a good habbit, but I think for long term we should not have to think to only save our money but we have to think to increase our income, and with that we have to invest our saved money in order to get more income for the future and then will be able to spend on any thing which we want.

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June 19, 2016, 06:22:05 PM
 #2371

This is for my opinion and what im doing Saving is always a good habit as it can be helpful at the time of emergencies, so for that you need to see what is your income and what are your expenses and depending on your income you need to reduce your unwanted expenses.

saving is a good habbit, but I think for long term we should not have to think to only save our money but we have to think to increase our income, and with that we have to invest our saved money in order to get more income for the future and then will be able to spend on any thing which we want.

To live a good life ahead I think investing is the right choice, as saving will not allow you to grow your money in long run and a good investment can really make you rich in future.
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June 19, 2016, 07:53:17 PM
 #2372

IMO it's best not to lose to much time trying to save some cents. I have seem people wasting all their Saturday on different supermarkets because they could save a few bucks when buying the right stuff at the right place. But instead of losing this much time, they should work on the side to win more money. The same thing is also valid with coupons.

The right thing to do is to optimise finances, not focus on only winning money nor only saving money.



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June 19, 2016, 08:42:18 PM
 #2373

Stop spending money on your girlfriend and you will surely save a good amount of money for future, I hope you got my point, stop spending on useless things, and girlfriend is one of them.
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June 20, 2016, 09:24:10 AM
 #2374

Saving money is pretty hard but I think that the best way that you could save money is by putting away a bit from every earning that you get.
If you do that then you would be pretty happy after a year or so.


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June 20, 2016, 09:26:14 AM
 #2375

Saving money is pretty hard but I think that the best way that you could save money is by putting away a bit from every earning that you get.
If you do that then you would be pretty happy after a year or so.

Saving money is not easy and  requires a great level of planning and discipline, you should have control on your spending and if you succeed in it, then you can definitely save descent amount of money.
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June 20, 2016, 09:47:03 AM
 #2376

When ever u have money. What some people predict in future it will be good to buy even if its double then now.
It also depends what u plan to do with them. Saving or trading, maybe some other investment.. u have a lot of choices all u need to do is to find best for you.

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June 20, 2016, 09:49:51 AM
 #2377

When ever u have money. What some people predict in future it will be good to buy even if its double then now.
It also depends what u plan to do with them. Saving or trading, maybe some other investment.. u have a lot of choices all u need to do is to find best for you.



If you want to grow your money in future then investment is the key, but saving is also good as you have access to your money whenever you want so it can help you at the time of emergencies.
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June 20, 2016, 11:54:47 PM
 #2378

You are right, saving is good habit, specially it is necessary for the salaried persons, because when we become old and than we will be jobless, in that time saving is really help us in every way, if we save regularly every month, than definitely it help us in our emergencies.   

Why you want to save money in fiat? I think you should save part of your salary in bitcoin on monthly basis, as this saving will really add value to your wealth in future.
I think it reduces the risk if you keep in fiat. I think if you keep money in bitcoin it was included in the investment mate because the major currencies we use is fiat. so it is not possible if you want to save money. but instead you save bitcoin. it was included in the investment. save the fiat because you use fiat in everyday transactions
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June 21, 2016, 05:02:08 AM
 #2379

You are right, saving is good habit, specially it is necessary for the salaried persons, because when we become old and than we will be jobless, in that time saving is really help us in every way, if we save regularly every month, than definitely it help us in our emergencies.   

Why you want to save money in fiat? I think you should save part of your salary in bitcoin on monthly basis, as this saving will really add value to your wealth in future.
I think it reduces the risk if you keep in fiat. I think if you keep money in bitcoin it was included in the investment mate because the major currencies we use is fiat. so it is not possible if you want to save money. but instead you save bitcoin. it was included in the investment. save the fiat because you use fiat in everyday transactions

As of now i think we need to save money in terms because this will give us a good profit in the future while saving in fiat no risk but you can not earn profit on it.
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June 21, 2016, 05:27:27 AM
 #2380

When ever u have money. What some people predict in future it will be good to buy even if its double then now.
It also depends what u plan to do with them. Saving or trading, maybe some other investment.. u have a lot of choices all u need to do is to find best for you.



If you want to grow your money in future then investment is the key, but saving is also good as you have access to your money whenever you want so it can help you at the time of emergencies.
Agree on this. A portion of your total assets must always be liquid and easily accessible, just so you'd have readily available cash whenever the need arises. This is where banks are of great help. Investments are something that should be thought of properly to make the most out of it and at the same time avoid being scammed or duped.
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