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Author Topic: how to save money?  (Read 2622 times)
virendarnagpal
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August 25, 2018, 06:37:59 AM
 #41

Do not worry how to save money.  Just concentrate on how to earn money.  Find ways to increase your earnings.  

Spend for all the necessities with open heart.  Do not save at the cost of  necessities.

Avoid luxuries.  Do no spend just on luxuries.  

You will find your savings are growing.  Then invest this surplus money for more income.  See the results.
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August 25, 2018, 06:45:29 AM
 #42

All what you wrote are theory. It will not translate to savings of money. For example, how does writing down your expenses translate to saving?
Saving is deliberate setting aside of a specific amount of money kept either in a bank or invested in an asset. You do not save what is remaining out of your expenses, rather you spend what is left of the amount set aside for saving.
That way you have decided on saving.

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NavI_027
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August 25, 2018, 06:52:33 AM
 #43

any suggestion on how you save your money?
You're right but now let's talk related on crypto. Here are the usual things that I do to save btc as much as possible:
1. Buy on any dips and sell only when you meet your definition of "skyrocket". Sounds greedy yet effective for me.
2. Keep the "feeling contented" attitude. It's like that you should only use your crypto for providing your needs or for instance of emergency expenses only. Resist yourself to buy unnecessary wants.
7. If it is foriegn money invest it gamble do not just save
Gambling works like a Wheel of Fortune which only depends on pure luck. This means that is not applicable for all particularly for those scared ones. Probably just risk-takers like can do this. Anyway, seems your own tip is working for you so congrats Smiley.
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August 25, 2018, 08:14:19 AM
 #44

Let's make this thread applicable to Bitcoin and rephrase the question, "How to save bitcoins?"

1. Only use disposable income to buy bitcoins.
2. Avoid spending too many coins on cheap consumer goods.
3. When you buy something with bitcoins, replace the amount of coins that you spend to prevent future regret, when the price skyrockets.
4. Hoard 80% of all the coins you buy and spend 20% to support the merchants that accepts Bitcoin.
5. Do not panic with every small dip in the price. <Most of the time, this is being fueled by speculators and FUD>

Hope this puts a new Bitcoin spin on this topic.  Grin

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louie69
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August 25, 2018, 08:22:50 AM
 #45

Well, I know for some people it could be easy for them to save money partly because they had sufficient amount of salary from their work and some may still have another extra business aside from their job. However for ordinary people with low salary, I believe it could be hard to save but I think it will also depend to the standard of living of every person and the priorities that they consider. I also think that joining signature bounty campaign can also make you save your money since as a participant you will be able to earn profit. From there, your earnings from the campaign can be your savings instead.

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wallstone
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August 25, 2018, 10:24:40 AM
 #46

here are the simple steps to save money:
1. You must record all your expenses
2. Make a budget for all expenses
3. Start planning on saving money
4. Choose something to save for your money
5. Decide on your priorities before spending
5. Make saving as a habit
6. Watch your savings grow.

any suggestion on how you save your money?

In saving money, you must have a big discipline since it is very hard to do. You must have discipline in prioritizing in buying what you really need and what you really want. It is hard  to deal in things you want to buy.
pobeditelvezde
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August 25, 2018, 02:45:11 PM
 #47

If you just want to save your money you would better to buy the government bonds and to hold them. The government bonds are very reliable assets which gives you a fixed income without any risks. You also can merge several various assets in your portfolio and due to such a strategy you can reduce your risks to protect your money much better. I thin the best approach in your case is diversification as an resultant strategy. Buy bonds and precious metals (gold and silver). I would not recommend to buy shares and crypto coins because both of them are very risky now for long term investing.
Girlsbit
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August 25, 2018, 03:06:07 PM
 #48

here are the simple steps to save money:
1. You must record all your expenses
2. Make a budget for all expenses
3. Start planning on saving money
4. Choose something to save for your money
5. Decide on your priorities before spending
5. Make saving as a habit
6. Watch your savings grow.

any suggestion on how you save your money?

I almost as I live these steps and try to save to achieve my goals.
IGP50
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August 25, 2018, 03:15:25 PM
 #49

If you want to save money, you need to get accustomed with plans and deals to make your saving easier. Know what you want to achieve at the specified time and setting.
putriliesma
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August 25, 2018, 03:21:10 PM
 #50

here are the simple steps to save money:
1. You must record all your expenses
2. Make a budget for all expenses
3. Start planning on saving money
4. Choose something to save for your money
5. Decide on your priorities before spending
5. Make saving as a habit
6. Watch your savings grow.

any suggestion on how you save your money?

By giving a budget in every need that you want to buy by using money and limiting every day, maybe that is enough so that you are not too wasteful using the money you have.
Larva14
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August 25, 2018, 03:27:57 PM
 #51

Saving money is very important for we don't know for any emergencies that would come and saving for the future of the family. It's a way on how to discipline ourselves in spending our money wisely.
Yes you're right saving money is very important cause we don't know what happen tomorrow. We need to save money cause it we use it some emergencies cases and also for our future become financially stable. We need to used wise to spend the money cause we know its hard to work before you gain.
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August 25, 2018, 03:58:16 PM
 #52

The main thing is to think with your head of all the expenses that you think are necessary.
Scavagers
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August 25, 2018, 03:58:43 PM
 #53

here are the simple steps to save money:
1. You must record all your expenses
2. Make a budget for all expenses
3. Start planning on saving money
4. Choose something to save for your money
5. Decide on your priorities before spending
5. Make saving as a habit
6. Watch your savings grow.

any suggestion on how you save your money?
It will be hard if you do not have money to save. First of all, find a good paying job, you can't save if you do not have money in the first place. If you have your own family, you should know all the expenses and teach your children how to be thrifty. In these days, it is not enough for you to just work and pay bills, you should also find a way to increase your income for example is to start a small business.
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August 25, 2018, 04:21:22 PM
 #54

The best and effective way to save our money is don't look into others lifesyle it is the reason that we want to use the things that they were using so it will disturb our life and makes insufficiency in money,if you learn to live your life with what you make you can save most of it.But these kind of people found only one in million so the greed causes all the problems just learn this and our life will be better.

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August 25, 2018, 05:23:56 PM
 #55

My story from being well of (comparatively speaking for my old self) started when bitcoin started to rise last year, I was working with a company and I was making decent money enough to actually live alright but I was also saving bitcoin, I made a lot of profits from the rise of bitcoin and had insane income for a whole year, however I spent every single cent of it to get something nice for myself or have fun or whatever silly thing I was doing, the only thing left from those times is my insanely good laptop. Than bitcoin dropped, I started to live alright once again, however this time I know I have to save some money aside and doing that, I just don't spend money on useless silly stuff that will be gone and just become a memory.
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August 25, 2018, 05:29:06 PM
 #56

If you really want to save money, then you do not need to spend more than what ypu get everyday. Always plan before you make purchase of anything. Avoid impulse buying and stay alert to gain more.

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August 25, 2018, 07:04:16 PM
 #57

Personally to save money I try just to earn more money. Smiley I don't like to record on paper or plan my expenses. I just know what should I buy or what to spend my money on and I just try to earn more money than enough. All that is superfluous goes to savings.
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August 25, 2018, 08:18:40 PM
 #58

It is actually simple to save money.
Do not buy anything that is unnecessary.
I see that most of the time. Buying items just because of envy from the other guy and then not using it on the next day.

Examples are toys which could be used just for the day and never again after some time.
Foods also. We buy just because we want to cook something and then fimd out we dont want it anymore spoiling the food that have been bought.

Clothing. We want elegance and yet we just use it for one occasion.
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August 25, 2018, 09:50:38 PM
 #59

Purchase base o your need not base on an emotional issue in order to satisfy people around you, also ensure you possess a good bargaining strategy before purchasing goods and service in order to save cash for yourself and the global watch at large.
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August 25, 2018, 10:00:08 PM
 #60

By recording all your finances that come out every day it will make you more economical because we store all our calculations every day.
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