How do you save your money?

[nullama]

Low cost index funds such as the ones Vanguard provides are a very convenient way to save money at roughly 10% a year, so it basically keeps up with inflation.

If you need the money you can sell with a click and your money will be in your bank account in a couple of days.

[cabron]

Gold is not bad idea, on crypto too and I bought too old things from 90' like Pokemon, Pegasus, Nitnendo.

Yes its not a bad idea. You can have gold but just make sure its physical gold and only enough to carry. We all need something to save and hedge just not go full in gold because we all know how its price was since the time I got into finance, Gold has not grown for years.

You already learn Bitcoin and know its advantages, I think there is nothing else that beats BTC because even with stablecoin, you will also be dealing with inflation.

[Chato1977]

Gold is not bad idea, on crypto too and I bought too old things from 90' like Pokemon, Pegasus, Nitnendo.

is that saving money? buying nintendo and oldschool items?

collectibles? well this is a risky investment mate .

[Iron Fist]

Keeping your spending under your income is the most effective way to save money. You have to think about how you're spending your money so you can get a good idea of how much you can afford. If you start spending money a little bit less than you make, and then you save that difference, by the time the month is over, you'll have a good chunk of money you can put toward your savings. That's the best way to save.

Another option you might want to consider is automating your savings. If you automate a monthly transfer from your checking account into your savings account, it can take the burden off of you to find the time to figure out how much you need to save.

Start slowly. Automating a few hundred dollars every few months, and then work up to a thousand or two a month, can be a good start.

[ethereumhunter]

Gold is not bad idea, on crypto too and I bought too old things from 90' like Pokemon, Pegasus, Nitnendo.

Investing in gold is like saving money in a physical form so you can sell your gold just in case you need money. But saving your money in crypto is also a good idea, especially if you invest in bitcoin to see your investment value can grow in the future. Sometimes buying old things from 90' is good but you need to be selective to choose the things. Maybe you can search for antique stuff.

[DeathAngel]

Gold is a crap investment OP, it’s barely moved up in 15-20 years. It’s a dead boomer investment. Crypto is the future, you will make so much more money by buying & holding bitcoin or eth for 10 years than if you buy gold.

[MNbag]

Simple, don't spend it.

[Iron Fist]

Gold is a crap investment OP, it’s barely moved up in 15-20 years. It’s a dead boomer investment. Crypto is the future, you will make so much more money by buying & holding bitcoin or eth for 10 years than if you buy gold.

I wouldn't say it's a dead boomer investment. Gold was 300 USD/ounce 20 years ago, and in 2020, it was 2000 USD/ounce. That's more than a 600% increase.
Even though this is immeasurable with cryptocurrencies, I still believe the risk is much lower with gold than with other investments. Don't get me wrong, I'm bullish on Bitcoin.

[lightduty]

I have been saving my money for a long time since I have been began to earn. 
First, I began by figuring out how much money I spend and keeping track of my expenses.
Afterwards, I have a better idea and can organize a workable budget to begin saving money.

I know this thread is old but you should invest in crypto.

[samirrayner03]

i have to rethink my whole life completely ))
and read more for sure

[Drane007]

I don't have a philosophy of saving, but I do have a philosophy of expense, which goes like this:

Income-Investing = Expense

 

[Jafar-Safari]

There are many ways to save money. Along with saving money you need to invest money wisely.

Of course there many ways to invest.

Gold
Stock Market
Real Estate
Cryptocurrency
Insurance plans
Equity and more...

Before investing in any medium you need to analyze the risk. How strong and how well you know about that particular investment.

Cryptocurrency is one of the good investment if you want to gain direct exposure to the demand for digital currency. If you have strong knowledge on cryptocurrencies and choosing the best crypto to invest that will added advantage.

[Daniel1995 Nemeka1995]

We don't save money we invest money to make hour increase and more income to come in. That hour hand we not be try. he can also make the family look batter and nice.

[FinalSolution]

In fact, gold is an excellent investment, its value can only grow over time

[Israelgogo]

I save mine in a peggy bank ,i do that on daily basis leave it for a year before i break the peggy box bank.
How i do it i put any amount i can let go ,when ever crave for something and i feel no need too after thinking about it ,i imagine i am paying for what i crave for, then drop the money in my peggy box bank, this includes alcohol,food,outing,dress,irrelevant unplanned expenses, tho i buy this things when i over crave for them, i will buy them and not put the money in the peggy box bank.i realised i was spending alot on unnecessarily things after i realised closed to half a million after a year i broke the peggy box ,it became my must do list daily,you must be disciplined while doing this.
And this is an aside decisions apart from.my monthly banj savings contribution and my investment platforms

[lzrr]

Try being aware of your expenses, be more disciplined about spending money.

[Newbie.]

I try to use proven methods for these purposes, proven by practical use. Of course, I won't say which ones, otherwise the whole defense will be revealed.

[Crpyto hunter]

Saving money is a good idea but it would be much  better to invest your  money in any trusted trading platform.
Investment money in a business is wise am more profitable  than keeping your  money stagnant.
My brother had a little amount of money  and I encouraged him to invest his money in a business of selling food stuffs and he listened to me and now his little money has increased into a huge amount,thanks to proper investment.

[Mask00]

Of Course Bank I Think Every Country Have Bank
Its Safe Our Money. Other way you can try to Now Binance Peg BUSD I Think Its Very Safe Your Money

[mari65]

Saving money is the mindset of the poor. You don't need to save more money with this website, you need to use it wisely. Money should be invested. You can invest money not only in cryptocurrency, gold, and stocks. I decided to develop and invest in my education. I started to study the Amazon market and I already trade goods and have a profit. At first, I lost some money because I miscalculated taxes, but one interesting blog and an article about taxes and fees helped me. All in all, what I want to say is that you need to invest in your knowledge. I will leave here link to the website, it will be useful to anyone who is thinking about increasing their income and self-development