How to save money.

[agustina2]

I definitely agree with you. Taking on a risk that is too great definitely won't help your saving target or your financial situation. What you need is diversification in your investments.

Never take too much risk either, that is bad.

Every investment has a risk so if that's your concern make sure that you are risking for an investment that really worth to try.

There are lots of worth to try investments especially in real life. Don' put yourself in an investment that you know it can't bring you in a long run.

It is always better way to invest in real world as it is more stable than to invest there than in bitcoins, since bitcoins is risky but has a good future we only need to put an amount we can afford to lose and if we succeed then put your profit in real life investment.

I have a cafeteria and all in all the operation is good. I preferred to invest more here but of course I have also bitcoin funds in some of the exchanges. Right now I already earned lots thru bitcoin trading since the time I started. The same with my real life investment.

Why I become success to this investments? Because I like it and I just don't choose this investment because of others saying. If you really know well your chose investment, you can bring that in the long term.

[cambda]

Saving money in banks and in bitcoin is the best way, saving money in bank can be used for daily expenses and money in bitcoin  can be saved for a long term to get more benefits in future.

I agree saving your money in bitcoin but in banks? No way. Banks make your money inflate and might be the reason to lose your money. Don't ever trust bank because they are bad dressed in good characteristics.

We all are against banks after the existence of bitcoin, but what were we doing before we came to know about bitcoin? Majority of us were loyal customers of bank and preferring to store money in banks, and there are still many people who will continue to follow the same trend.

[bitlancr]

I think this tips/advice can help you :

1. Record your expenses
2. Make a budget
3. Plan on saving money
4. Set savings goals
5. Decide on your priorities
6. Different savings and investment strategies for different goals
7. Make saving money easier with automatic transfers
8. Watch your savings grow

I just got those tips from this site (https://www.bankofamerica.com/deposits/manage/ways-to-save-money.go) and i think it's it will work .

That's a good tips list. The best one I like is number 8 watching your savings grow, because that is how you can save more. If you have optimized your savings, it will only grow.

[agustina2]

That's a good tips list. The best one I like is number 8 watching your savings grow, because that is how you can save more. If you have optimized your savings, it will only grow.

But no. 8 is not an advice nor a saving tips. It's a common thing yourself will automatically do once you achieved and properly do all your savings goals carefully.

That's the best part of saving the money, watching it fully grows.

[lexuz]

That's a good tips list. The best one I like is number 8 watching your savings grow, because that is how you can save more. If you have optimized your savings, it will only grow.

But no. 8 is not an advice nor a saving tips. It's a common thing yourself will automatically do once you achieved and properly do all your savings goals carefully.

That's the best part of saving the money, watching it fully grows.

Yeah i also think what for we watch we savings funds if you has know how much we have save in the banks at least with saving your money will not grow a lot.

[MTBTT]

I think this tips/advice can help you :

1. Record your expenses
2. Make a budget
3. Plan on saving money
4. Set savings goals
5. Decide on your priorities
6. Different savings and investment strategies for different goals
7. Make saving money easier with automatic transfers
8. Watch your savings grow

I just got those tips from this site (https://www.bankofamerica.com/deposits/manage/ways-to-save-money.go) and i think it's it will work .

That's a good tips list. The best one I like is number 8 watching your savings grow, because that is how you can save more. If you have optimized your savings, it will only grow.

how to raise money to save? I know if you have a slightly saving money then you can not benefit from the interest right ?
i have little money how to I growing my money in saving ?

[GamingBro]

Just need to think about future and don't waste money when it's not necessary and profit! You just saved a $100, whe you are doing the same 10 times you already got $1000

[alplaxxx]

I agree how to save your money, no matter how small, learn how to save a portion of your salary for the purpose of investing. You may have heard about the 10-20-70 principle before. To help you accomplish the ideal saving habit, we recommend that you do the same thing.Upon receiving your salary, divide it accordingly: 10%, 20%, and 70%.

Take the 10% which you can save for your emergency fund, or for paying off debt. Or if you are religiously inclined, you can give it to where you receive your spiritual nourishment. This is what they call tithing.

Next, set aside the 20% for your savings and/or investments. Separate it immediately and deposit to a different bank account or into your investment.

[ImHash]

By the nature of life one could only earn as much as having some amounts to firstly provide a roof for his/her family and food/cloths.

So savings means nothing since naturally you shouldn't have more than what it needs to live your life.
People who are rich either stole or scam lots of people or at least have wronged others by so many means. if all the people shared their
Wealth with each other no one could starve and be poor, but most people have no idea that wealth wont last for ever.
Now 10% of planet earth's population has their hands on 90% of it's resources and means to produce wealth and have no intention
To share them what so ever.

[mirakal]

By the nature of life one could only earn as much as having some amounts to firstly provide a roof for his/her family and food/cloths.

So savings means nothing since naturally you shouldn't have more than what it needs to live your life.
People who are rich either stole or scam lots of people or at least have wronged others by so many means. if all the people shared their
Wealth with each other no one could starve and be poor, but most people have no idea that wealth wont last for ever.
Now 10% of planet earth's population has their hands on 90% of it's resources and means to produce wealth and have no intention
To share them what so ever.

Even though you are not earning that much we still need to set aside savings as it is compulsory in my opinion, the problem with the poor is we lack discipline on savings and we tend to think of buying unnecessary things instead of putting it as savings.

[blackmachinegun]

Here are some other suggestions you may want to apply if you have a credit card. Because it can really add to saving money

● Keep track of your purchases and carefully match them to your monthly statements to be sure that you’re charged only for purchases you made.

● Pay your credit-card bill promptly. If possible, pay it in full.

● Be very cautious about giving your credit-card number and expiration date over the phone or online.

● Avoid using your credit card as a means of obtaining quick cash. Cash advances usually incur a higher interest rate.

I prefer not to use a credit card? why because it will allow you to do a huge spendin it provides convenience
to shop and you will more often to shop and it will make you more wasteful and could not collecting the money

[Fatanut]

By the nature of life one could only earn as much as having some amounts to firstly provide a roof for his/her family and food/cloths.

So savings means nothing since naturally you shouldn't have more than what it needs to live your life.
People who are rich either stole or scam lots of people or at least have wronged others by so many means. if all the people shared their
Wealth with each other no one could starve and be poor, but most people have no idea that wealth wont last for ever.
Now 10% of planet earth's population has their hands on 90% of it's resources and means to produce wealth and have no intention
To share them what so ever.

I'm going to ask you, are you willing to distribute your money to all the people in the world?




Not all rich people have scammed or stolen money from other people. I'm kind of curious about your mindset. How come you think of rich people like that? Do you have rich people issues? Rich people have worked their way to reach the success that they want in life. They persevered and become excellent at something that's why people are paying them. You can't blame them if money is what you'll get for your excellence.

On a side note, it will be impossible to distribute the same amount of money/resources to everybody in the world.  You have to divide it to 7 billion units and give it to them. No one will do all this trouble. Just accept that there are wealthy people and there are poor people. It is what it is.

[DeDordtenaar]

That's a good tips list. The best one I like is number 8 watching your savings grow, because that is how you can save more. If you have optimized your savings, it will only grow.

But no. 8 is not an advice nor a saving tips. It's a common thing yourself will automatically do once you achieved and properly do all your savings goals carefully.

That's the best part of saving the money, watching it fully grows.

Yeah i also think what for we watch we savings funds if you has know how much we have save in the banks at least with saving your money will not grow a lot.

I think if you save a lot of money in the bank you can see your deposit money will grow very nice but if you only have a little money I think the growth of your money will be lost or devoured by the bank administration fees every month. I almost forgot if Coinbase also has a system of interest?

[hermanhs09]

That's a good tips list. The best one I like is number 8 watching your savings grow, because that is how you can save more. If you have optimized your savings, it will only grow.

But no. 8 is not an advice nor a saving tips. It's a common thing yourself will automatically do once you achieved and properly do all your savings goals carefully.

That's the best part of saving the money, watching it fully grows.

Yeah i also think what for we watch we savings funds if you has know how much we have save in the banks at least with saving your money will not grow a lot.

I think if you save a lot of money in the bank you can see your deposit money will grow very nice but if you only have a little money I think the growth of your money will be lost or devoured by the bank administration fees every month. I almost forgot if Coinbase also has a system of interest?

I would even say you need really a lot,in my country you wont make a deposit to get some % more of every year,
if you wont have about 1-3 btc in fiat,so that is not fine for me to invest there,and the growth is very very slow.

[mirakal]

That's a good tips list. The best one I like is number 8 watching your savings grow, because that is how you can save more. If you have optimized your savings, it will only grow.

But no. 8 is not an advice nor a saving tips. It's a common thing yourself will automatically do once you achieved and properly do all your savings goals carefully.

That's the best part of saving the money, watching it fully grows.

Yeah i also think what for we watch we savings funds if you has know how much we have save in the banks at least with saving your money will not grow a lot.

I think if you save a lot of money in the bank you can see your deposit money will grow very nice but if you only have a little money I think the growth of your money will be lost or devoured by the bank administration fees every month. I almost forgot if Coinbase also has a system of interest?

I would even say you need really a lot,in my country you wont make a deposit to get some % more of every year,
if you wont have about 1-3 btc in fiat,so that is not fine for me to invest there,and the growth is very very slow.

The best way to invest or deposit in a bank is to avail there timely deposit savings but I still don't buy that method because I have a great income investing or saving here in bitcoins that the bank offers.

[hermanhs09]

That's a good tips list. The best one I like is number 8 watching your savings grow, because that is how you can save more. If you have optimized your savings, it will only grow.

But no. 8 is not an advice nor a saving tips. It's a common thing yourself will automatically do once you achieved and properly do all your savings goals carefully.

That's the best part of saving the money, watching it fully grows.

Yeah i also think what for we watch we savings funds if you has know how much we have save in the banks at least with saving your money will not grow a lot.

I think if you save a lot of money in the bank you can see your deposit money will grow very nice but if you only have a little money I think the growth of your money will be lost or devoured by the bank administration fees every month. I almost forgot if Coinbase also has a system of interest?

I would even say you need really a lot,in my country you wont make a deposit to get some % more of every year,
if you wont have about 1-3 btc in fiat,so that is not fine for me to invest there,and the growth is very very slow.

The best way to invest or deposit in a bank is to avail there timely deposit savings but I still don't buy that method because I have a great income investing or saving here in bitcoins that the bank offers.

Bank never offers great way to produce income,i mean you can actually earn a lot
doing that,but you would need enourmous amount of $.
And you can earn pretty well with btc having not much $,am i right?

[krishna1]

True you provide me a way to save my money so I will follow your advice and save money for my future expenses....

[thend1949]

Good post, I will keep this in mind (20% of salary sounds good but some people might not have enough of a salary to save that much), but how are you making $7.5 an hour. I am assuming you live in a country other than the US or Canada where that wage would be illegal because your language/grammar is a tiny bit off and the wage of $7.5 would be illegal here. Where are you from?

Many people here in philippines i think there are no saving why? Because the salary here is a provincial rate its 280 php its not enough for daily living. So that others get depth. So many people get work in another country to have a good future for there children to earn and save money. They take a risk from another country to have a good salary.

[Farma]

True you provide me a way to save my money so I will follow your advice and save money for my future expenses....

I'm sure the bank is good enough to keep the money that you have, but it will reduce your money on each month, because the tax on banks. if you want to save money you have with potential which could make it grow, then save the money you have in the form of bitcoin is a good thing, because if the price of bitcoin, then the amount of money you have will grow, but you also must be prepared to accept risk because bitcoin prices could also decline

[goldcoinminer]

True you provide me a way to save my money so I will follow your advice and save money for my future expenses....

I'm sure the bank is good enough to keep the money that you have, but it will reduce your money on each month, because the tax on banks. if you want to save money you have with potential which could make it grow, then save the money you have in the form of bitcoin is a good thing, because if the price of bitcoin, then the amount of money you have will grow, but you also must be prepared to accept risk because bitcoin prices could also decline

Your money will not be reduce because the tax they will charge is base only on the interest income of your deposits but the real problem here is you deposit will reduce its value overtime due to inflation and that does not happen in bitcoin.