How to save money.

[CasioK]

My first advice would be to make an excel sheet with all your income and outcome
Note how much you spent and deduct it from your income. At the end of the moment see which cost were not needed.

Excel sheets are great for learning how much you actually make and spend weekly/monthly but do not rely on the extra income only set your base from guaranteed weekly/monthly income so you know that's what you're automatically getting then subtracting everything you do for that week/month even if it is not a guaranteed thing that you're going to do constantly.

You don't need excel sheet because there is an easy way, you just need to search for an app, download it and install in your phone, it has a template and all you need to do is just to fill it then you are good to go but remember you cannot achieve your goal if you do not follow it diligently.

Try google sheets, its easy and convenient. But I wonder why you need sheets for saving money ? Saving money is an hobby and at this time when price is high it can be very nice to save some money. But having some extra works will boost up your hobby.

To save money and secure your savings you must need a strong will. Other wise you will save for some time but you might spend your saving after some time. In that case, saving does not have any meaning.

[1714693882]

1714693882

[serjent05]

My first advice would be to make an excel sheet with all your income and outcome
Note how much you spent and deduct it from your income. At the end of the moment see which cost were not needed.

Excel sheets are great for learning how much you actually make and spend weekly/monthly but do not rely on the extra income only set your base from guaranteed weekly/monthly income so you know that's what you're automatically getting then subtracting everything you do for that week/month even if it is not a guaranteed thing that you're going to do constantly.

You don't need excel sheet because there is an easy way, you just need to search for an app, download it and install in your phone, it has a template and all you need to do is just to fill it then you are good to go but remember you cannot achieve your goal if you do not follow it diligently.

Try google sheets, its easy and convenient. But I wonder why you need sheets for saving money ? Saving money is an hobby and at this time when price is high it can be very nice to save some money.

I agree you should make it a hobby to save money.  It will turn out to be automatic everytime you have your monthly pay. Once, I heard that in order to save money you should be thrifty.  The first you do when payout come is to set aside the portion you wanted to save then alot the budget for the month after.

[Nimbulan]

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 .

if we would talk how to save bitcoins only, not money overall, i think it would be bad to invest bitcoins somewhere as it is quite risky to place your money in these gambling or other sites

but it is always good idea to have some money, money reserves in bank or bitcoins wallet, and if you add more money there each month for example, it will be really good for you

[coinplus]

for saving money ..firstly you sholud to not spend money extra ....money spend only where necessary...or need .. then you can save money....

You guys might find it funny but what I do is give my friends loans ( the friends I know in real life ). This way I can not spend those bitcoins and earn small interest too at the same time.

[useless4]

Buy bitcoin and hold bitcoin and never spend any and that's saving money.

though it is not such an easy thing to do in my opinion because there are a lot of stuff that you might use up your money, so in order to save your money you have to put a lot of effort into it

i think in order to save your money you have to keep your bitcoins really safe, also you shouldnt gamble any of your funds or trade because this would bring you only losses

[Taki]

Buy bitcoin and hold bitcoin and never spend any and that's saving money.

And what you gonna do if Bitcoin will fails as system generally and all your money will disappear? You can't predict that something like that may not to happen, be honest.

[betohell]

Buy bitcoin and hold bitcoin and never spend any and that's saving money.

Lol I think if you buy bitcoin and then save it. I think it is not a method of saving money.
but it is a method of investing you know ?

[plost24]

Just put them in a wallet and let your friend to change you password and tell him to give it to you after one year. Continue to save bitcoin and after one year you will have so much and with out spending anything.
Or just invest them in one year program that will make you have some profit and save some but it is a little risky you need to know a trustful program to invest in

[BitMaxz]

Just put them in a wallet and let your friend to change you password and tell him to give it to you after one year. Continue to save bitcoin and after one year you will have so much and with out spending anything.
Or just invest them in one year program that will make you have some profit and save some but it is a little risky you need to know a trustful program to invest in

Its not a good idea that you are give your wallet and private keys to your friend.. for me its better to save bitcoin in safety places..
I think buy a simple cpu os windows 7 with anti virus.. just install your wallet their like electrum or much better is bitcoin core just back all the important things private keys password etc.. and then just get your address for savings.. and dont open that cpu again and wait to open it again in few years.. just remember that the address you save already for savings..

[uname]

I think I was always good at saving but at least I have collected $ 2,000 since a few years ago only from bitcoin.
you just need to be diligent and do not be too extravagant and spend bitocin

[Schuyler]

I think I was always good at saving but at least I have collected $ 2,000 since a few years ago only from bitcoin.
you just need to be diligent and do not be too extravagant and spend bitocin

That's a huge savings already. And all that is on bitcoin, you are saying? I wish I could have the same amount as you do. As you said, we must be smart with how we spend our money and try to live a not so lavish lifestyle. A simple life entails less expenses and more savings for the future.

[rhed718]

for me its better to save your extras in bitcoin than banks. bitcoin saving will be more profitable as every one saying and predicting that bitcoin price will raise up and reach 1000$ mark. I don't know its true or not. but saving in bitcoin won't let you regret.

[mirakal]

I think I was always good at saving but at least I have collected $ 2,000 since a few years ago only from bitcoin.
you just need to be diligent and do not be too extravagant and spend bitocin

That's true, we need to save while we are earning bitcoins and it is advisable to save in your wallet because by the time bitcoins will be more popular the value also increases.

[goldcoinminer]

I think I was always good at saving but at least I have collected $ 2,000 since a few years ago only from bitcoin.
you just need to be diligent and do not be too extravagant and spend bitocin

That's true, we need to save while we are earning bitcoins and it is advisable to save in your wallet because by the time bitcoins will be more popular the value also increases.

Indeed, saving is very important in preparation for our future, while we are earning here and there (day job) we need to set a portion of our income and that amount should be appropriated for a certain plans and project(investments) in the future.

[bamboylee]

Saving should be the first priority of an individual as it will take care of you in crisis, either save in banks or you can even save your money at your home, save certain percentage of salary on regular basis.

Definitely, savings can help us in times of emergency, when you are earning regularly you need to prioritize saving a certain portion from your income on a monthly basis, to be safe put it in a bank as it is subject for insurance, and if you feel that you have save a lot already, just invest a little amount with bitcoins also.

That is a good advice. Saving is really important. Also with investment. But you do not have to limit your investment to bitcoin alone. There are a lot of investment opportunities out there. You should try that too. And if you are already earning a lot on your investment, then you can save more and repeat the process until you become millionaire.

[Sniper44]

I think I was always good at saving but at least I have collected $ 2,000 since a few years ago only from bitcoin.
you just need to be diligent and do not be too extravagant and spend bitocin

That's true, we need to save while we are earning bitcoins and it is advisable to save in your wallet because by the time bitcoins will be more popular the value also increases.

buying bitcoin and holding it in a bitcoin wallet is the easiest thing that anybody can do and stay safe for a lot of years to come. but it is not as profitable as when you invest that bitcoin too, like in trading and make more bitcoin.

[agustina2]

I think I was always good at saving but at least I have collected $ 2,000 since a few years ago only from bitcoin.
you just need to be diligent and do not be too extravagant and spend bitocin

That's true, we need to save while we are earning bitcoins and it is advisable to save in your wallet because by the time bitcoins will be more popular the value also increases.

buying bitcoin and holding it in a bitcoin wallet is the easiest thing that anybody can do and stay safe for a lot of years to come. but it is not as profitable as when you invest that bitcoin too, like in trading and make more bitcoin.

With the price of bitcoin always fluctuate, you are sure your coins are safe in lots of years to come? Quite true but it's still better if you will take action to your saved coins if ever in that period of time, something unusual happens.

Minimizing the loss is far way better than 0% balance.

[xIIImaL]

for me its better to save your extras in bitcoin than banks. bitcoin saving will be more profitable as every one saying and predicting that bitcoin price will raise up and reach 1000$ mark. I don't know its true or not. but saving in bitcoin won't let you regret.

We can save money in different ways.one of the method is storing it in bank or some others sources.Nowadays bitcoin facility help us to keep our money safe.This type of sources in the world open a wide range for the society...

[goldcoinminer]

for me its better to save your extras in bitcoin than banks. bitcoin saving will be more profitable as every one saying and predicting that bitcoin price will raise up and reach 1000$ mark. I don't know its true or not. but saving in bitcoin won't let you regret.

We can save money in different ways.one of the method is storing it in bank or some others sources.Nowadays bitcoin facility help us to keep our money safe.This type of sources in the world open a wide range for the society...

Yeah, if your main goal is only saving you money then putting it on the bank is a good move as it is subject for insurance and you will not worry about your investment that only earn a little interest. However, as bitcoin enthusiast you need to consider the opportunity it brings in to our life.

[rickadone]

My first advice would be to make an excel sheet with all your income and outcome
Note how much you spent and deduct it from your income. At the end of the moment see which cost were not needed.

Excel sheets are great for learning how much you actually make and spend weekly/monthly but do not rely on the extra income only set your base from guaranteed weekly/monthly income so you know that's what you're automatically getting then subtracting everything you do for that week/month even if it is not a guaranteed thing that you're going to do constantly.

You don't need excel sheet because there is an easy way, you just need to search for an app, download it and install in your phone, it has a template and all you need to do is just to fill it then you are good to go but remember you cannot achieve your goal if you do not follow it diligently.

Well both of your suggestion is just fine because it's depend on a user. It Person A feels using excel sheet then that's fine, if Person B wants an smartphone app also fine. People has different ways to take down their spendings. Most common is a small notebook or notes.

Yes and these sheets and apps are actually very important, because they might sound as a propaganda before saving but actually unless you do not know how much you earn and how much you waste, you can not save anything at the end of the day. Keeping track of records always good for peace of mind sake.