How to save money on a long-term period

[Burogh]

Keeping our money on Gold or precious metal is good but not flexible. But if the purpose is to keep our asset for long term and store of value, i think we can considering Gold or others precious metal because its known for years

[BennyK]

To save money on a long term period, you can choose to invest in the large cap coins on the market, thus the first 10 coins on the market. Any of the top 10 coins is more than capable of rising up on the market due to the large investor-support they've got. Those coins take on the rises gradually, hence are very good coins for long term keeping of money and making profits as well.

[Patient_Zero]

long time savings are achievable by setting long term objectives and strive toward achieving such objectives. So in order to save for a long period of time you must have a long term goal you passionately want to achieve. For instance you want to buy a car, first identify your choice car, know how mush it cost now, how much it will cost in the nearest future considering inflation, then set out a portion of your income tyhat will be convenient towards achieving your goal.

Long-term savings are more specific to finance our life's needs after we retire from all work because our age is old, it seems more suitable if we save in gold even if we start buying it in small quantities but for a long time it will also be a lot if we always buy regularly, the advantage of saving in the first gold form is the same gold value in all countries so we will be free with different inflation if we put our money in our bank will always be haunted by inflation, for example Venezuela a lot of money they all have no value all destroyed in inflation ...

[inanilujimi]

for me personally if you want to save money for a long time, we must first set the goal.
if you have a lot of money keep your money for a long time to buy real estate because it is certain the price will continue to grow over time.

[DOLONCHAPA]

If you have some money which is actually extra of your use. This money should save for the future. Saving money in a long term period of time is also good if you have money to save every month for your savings but if how long you are saving if you can't save money regular then you cannot save more than expected. I suggest that you must set also a goal for saving money especially if you monthly income is almost exact with your daily needs especially for your family so we must know how to manage also our income/money/bitcoin eveey month for our savings.

[Cupomi]

Saving money for a long time may be more profitable if we do not save in the form of money, there are several interesting options to be our choice. For example, our first choice, our excess gold will be free from the threat of inflation that can destroy the country's currency, both properties in addition to their value. increasing from year to year our house can rent it to get additional results and, these three land can be ascertained the price always rises every year we can also plant trees that have a high selling value

[patarfweefwee]

Essentially, savings is the money left over after all your expenses. Thing of it as your income on your salary.  But if you're thinking of just saving your money over a lon period of time, that'll be a bad move. What i suggest is for you to make your money work for you like investments and such. This in turn will get you more income to reinvest.

[Fatanut]

I have my own strategy to save money for a long time period like managing it when it comes to spend it and also save it in the bank but for me is I save it and I will forget that I have money in the bank that's why I save it more and especially if I needed it I have another reservation for my money in investing.

each person have their own strategy to make their money growth.they can use it on investing portofolio or save it on bank.choosing investment portofolio need some research and observation in order to get best portofolio.

I believe the best strategy for savings is just to be disciplined, have a long term goal, a time line to achieve those goals and work towards it. It will be hard for someone who really knows what he is working on for the greater good, to end up jeopardizing his or her future based on things that are not necessary at the moment. People tend to just want to live each day as it comes, without a single plan for the future and saving with such mindset will be close to impossible.

I think there should be a plan as well regarding what you're going to do with the money. A lot of people are saving money because that's what most people do with their money anyway. They leave it somewhere "just in case" they need the money. This is the same people that end up spending their savings in order to buy an iPhone or something that's on sale. Not having a specific plan and simply saving will take you nowhere and you're actually lucky if the money actually goes somewhere worth it.

This is where introspection comes in. What do you really want to do? What are the things that you really need? Do you have a solid business plan that you want to execute someday? People don't reflect about their wants and needs as a person so they end up just living life the way it is without doing anything at all. They just work and go home, all just to save money for reasons unknown to them. And they always say that they don't have time for themselves which is really sad. You need to set aside some time in order to gain direction to where your life is going and where money will be used in order to push you forward in life.

[SirLancelot]

saving money in the long run is very easy to do if you don't need your assets to increase, you just have to save it in the bank, but if you want your assets to increase your food you can invest in crypto currency, but my advice do not invest all if you haven't handled the currency crypto

The money which is not being spent is saved. This indirectly means if you want to save more money in the long run, you should reduce your expenditure and only then you can save big.

Another efficient way is to invest the little money you have in a good asset that so that the value of the asset will grow with the passage of time and hence the savings too. The money you do not need should be invested to do creative and profitable things rather than putting it in a bank just for a small percent of interest.

[visionE2]

there are two ways to save your money, saving on a bank or invest to some assets but make sure the assets have good progress on the future

[chocolah29]

To save money in the long run the best way is to keep it in the bank with savings book. But in order to save in the long run, the need for perseverance of the saver. Be determined not to use the savings to get a large enough amount to invest in the long run.

i think frugality is not a good answer, but to save money in a long period of time, we can invest, so I do not recommend saving money in the bank, because it does not correspond to inflation that occurs

Either way, where we can actually save our money? Inflation is part of economy and whether we like it or not we can't avoid hence just deal with it. If we save up in banks then expect that the value depreciate in no time likewise if you wanna take some risk, then invest in bitcoin and see how it kills inflation.

Otherwise, save on top of your earning and not from what it's left. I have a friend that don't know how to save and all he knows is to spend everything for his wants, and now all the gadgets that he bought is now gone as he sold it for few bucks. Don't brag over the material things but be proud of yourself from learning how to save.

[Hiltohen]

If we are talking about just saving money here, well time deposit is the best though you will not expect  big ROI, because you did not invest but to just allow the bank to keep it. It is much better if you invest atleast you will gain.

You have a good point, if you really want to save money you can actually put it on your online wallet, exchanges or deposit it in your bank. Investing your money is a great idea it will make your money growth more aside of that the benefits you may actually get if you were thinking about the future outcomes.

It is easy to save money but it is hard to earn money. When you have money and you a permanent income source, then saving money is easy. You can put extra money in your bank account or put in a place from where withdrawal is not easy. There are hundred ways to save money. The matter is how to earn money without or very small investment?

[robotrobert]

Everyone of us have tried and attempted to save money, but not all have succeeded. Saving moeny becomes challenging for most pf the people because it is a matter of consistency. Saving money can only be successful if we are consistent about executing it. However, saving money on a long-term period is also one different thing since consistency with the ability to grow your savings is a must. Hence, investing it on a business or in a stock market is one. Engaging also in any legitimate income-generating work is also one. You can also invest on something that you think that the value will increase as the time goes by just like precious stones and metals in jewelries, land areas or lots, and of course, securing your savings in a bank.

Saving money should never be challenging as long as you are principled, disciplined and know it is for your own benefit. The problem with most people is that they certainly do not know how to differentiate between need and wants, do not have any plan for the future, and really do not have an idea where they are headed, which makes it do easy for them to lavishly spend the way they please without any thought of the future. If you think of the future and have great plans for you and your family, savings will never be a problem.

[10c]

There are two types of people who are trying to save money , some just save up , and others invest them and of course wiser are those who invest in different projects, therefore to increase their funds should be invested in different projects.

[OnceTwiceThird]

You can use bank or bitcoin investment for saving your money in long term, maybe using bank you can take deposit kinds for getting your money will be increase. But more offer and increase if you make your money become bitcoin investment.

[basyang]

Saving is hard especially for those who are living paycheck to paycheck.
But, if you have the chance to save, in my opinion, you should put money into tangible ones such as property (real estate), businesses, precious metals (jewelry) and others, in which, their value increase thru time.
The OP already discussed so much advantages of those investments.
And it's up to your current situation where and how you will invest your money.
If you are not that well off, just live below your means. Even if you have small salary compared to others, you can still save something for yourself.

For me saving is not hard, if you really want it to do. Saving is a hobby for me. Even though you paid a little money at least save 10 percent of it. If you can not save money then you need to goal it. Personally I can not save before but it became a hobby for me since I set my goal. All of us can achieve what we want if we will try our best to do it. If you want a long term savings then try to invest because it can grow.

[@Mhaiang]

If you know crypto investment in a long term, then it's better to invest your money to a promising crypto and hold it long term. In that way, your saving while waiting for your investment to grow bigger and bigger as time goes by.

[magnat7691]

Investing in basic assets, such as precious metals, shares or interest account in the bank will not bring good returns.

[PaulLines]

For me the best way to save money on a long term period is every time you get your salary get the 10% of it and invest it in a stocks or in bitcoin. Every cut-off its good to save your 10% for investment. Even the market is on uptrend or downtrend it doesn't matter because your money will cost average it a month so when you at it after a long period you will see that your saved money has a lot more because of profit you get from the stocks or bitcoin you invest into. Don't just save, invest it in an investment instrument that you want and soon you will reap what you sow.

It is the best way, but it is not saving, it is investment and you can lose or earn with the up and down of the price. For me the best way to save money is committee between friends, relatives or neighbors. You will put some money every month and one person is responsible to collect money and give it to one person at the end of every month. The next month other and so on.

[ngalamunan]

Saving money on a long-term period of time has several ways, but if you are asking how to have savings here in Bitcoin or crypto world for what I did actually, every time there is a profit I received whether it is from trading or bounty campaigns I automatic segregate the 15% on my earnings then place and keep it on my offline wallet like hardware wallet or cold wallet then hold it in a long term.

I had also do that method but i end up spending my savings because of some emergency cases that arise.But i still want to save again for my future because there is no assurance that your body will always be fit, and you can't work anymore too because of the old age already.

just keep it in the wallet we have and we always make sure that our monitor is safe, and we always open it in the hope that no hackers hack it.