BRINIRHA (OP)
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 770
Merit: 266
Payment Gateway Allows Recurring Payments
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 12, 2022, 09:33:29 PM |
|
For some people frugality is very difficult. because everyone's needs are different. and sometimes the cause is a balance between income and expenses. so for example when we receive a salary of $ 250 USD per month and it turns out that our expenses are $ 250 USD per month. then of course the money we receive from the salary will run out and only enough for a month.
maybe these tips only apply to some people and not to some people. because I know everyone's income is different and everyone's needs are different.
The following are tips that I usually do in saving my finances so that they are more effective and can be set aside for saving or investing.
1. Must take note and calculate our income and expenses regularly and consistently every month or week.
this is necessary in order to start saving by looking at our financial condition. and evaluate whether our spending has been done effectively or not. and measure how much we can save later.
2. Buy only what is needed, and put aside the things that are only wanted but not needed.
so after seeing our financial income and expenditure records every month. so from here we can start analyzing what things we have bought so far that are only based on desires and the things we buy based on needs. and from here because we want to save money then make our priority only to buy what is needed. and we reduce the things we want but don't really need. well the result of doing the first step will be useful here.
sometimes people spend more money to buy the things they want regardless of whether they are really needed or not. and sometimes people prioritize wants over needs.
So from here we change the concept of making needs a priority. so we can reduce expenses by not buying things we don't need. sometimes this step is the most difficult. because it requires a high level of commitment.
3. make the allocation of funds because we already know which things are needed each month. from here it is necessary to make an allocation of funds so that the effectiveness of the money spent is more allocated.
4. Stay away from excessive lifestyle (excessive luxury) and try to live with a minimalist lifestyle. as usual you usually order fast food. well from here you try to make more of your own cooking. (this is only done by people who are not busy). because sometimes when we pay $5 dollars for a serving of ready-to-eat food for one meal. so when we spend it on fresh ingredients that we cook it can be enough for several meals. (optional)
5. Make a goal (dream to be achieved) to make yourself more motivated.
6. Start saving and investing the money earned from frugality.
7. Pamper yourself with the specified time portion. sometimes we need entertainment and fun. so if we usually do it often, for example every week. then make it once a month. because too much frugality can also make us stressed. then entertainment is needed here. provided that the entertainment is not excessive. because if we overdo it even our money can run out overnight.
simple life but still fun.
maybe you can add tips from your experience all.
Thank You.
|
| | cryptomus. | | ▀ ▀ ▀ | . ▀ | | | lllllllllllllllllll CRYPTO PAYMENT GATEWAY | | | │ | ▄█▀▀██▄░░░▄█████▄░░░▄▀████▄ ██░▀▄██░░░██▄░▄██░░░██▄▀▀▀█ ██░▀▄██░░░███▄███░░░███░░▄█ ░▀▀▀▀▀░░░░░▀▀▀▀▀░░░░░▀▀▀▀▀░ ░▄▄▄▄▄░░░░░▄▄▄▄▄░░░░░▄▄▄▄▄░ ███▀▄██░░░██▀░▀██░░░██▀▀▀▀█ ██▀▄███░░░██░░░██░░░█▄███░█ ▀█▄▄▄█▀░░░▀██▄██▀░░░▀█▄▄▄█▀
▄█████▄░░░▄█▀▀██▄░░░▄█████▄ █▀░█░▀█░░░█░▀░▀▀█░░░██▄░▄██ █▄█▄█▄█░░░███░▀▄█░░░███▄███ ░▀▀▀▀▀░░░░░▀▀▀▀▀░░░░░▀▀▀▀▀░ | │ | ACCEPT CRYPTO PAYMENTS | | | | ██████ ██ ██
██ ██ ██████ | GET STARTED | ██████ ██ ██
██ ██ ██████ |
|
|
|
odolvlobo
Legendary
Offline
Activity: 4424
Merit: 3325
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 13, 2022, 09:51:49 PM |
|
As a very frugal person, here are my tips. - 1. Decide on how much you are willing to save and then automatically deduct that from your pay, or at least immediately move it to your savings. If you never see the money, you will never feel like you have to spend it.
- 2. If you don't have enough left over to pay bills, then you are living above your means, and you must cut back. That includes where you live and what you drive.
- 3. Pay off your credit cards every month. If you can't pay off your credits cards every month, then you are spending more than you make.
- 4. There are many people that get by with less money than you. If they can do it, so can you.
- 5. Stop showing off. Nobody is actually impressed or intimidated by your expensive shit.
I started at a low-paying job and saved about 10%. As my pay increased, so did my percentage. Now I am saving 30% of my pay. I don't miss it because I live like my pay is 30% less than it actually is.
|
Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
|
|
|
Kemarit
Legendary
Offline
Activity: 3192
Merit: 1384
Fully Regulated Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 13, 2022, 10:23:40 PM |
|
- 3. Pay off your credit cards every month. If you can't pay off your credits cards every month, then you are spending more than you make.
I started at a low-paying job and saved about 10%. As my pay increased, so did my percentage. Now I am saving 30% of my pay. I don't miss it because I live like my pay is 30% less than it actually is. This is the first mistakes that I did, started with just 1 credit card and then they grow, and obviously I pile up most of them, max out and didn't pay. Now, it's a hard lessons for me, and it's very hard to get out of credit card debt. Luckily I took a turn, prioritized them, and never used it again except for extremes situations. I also learn to save 10% of my monthly earning as well, put them aside and then all my bills and what's left is the money that I spend and everything. It's kinda boring routine, but hey if it is effective then you can't complain.
|
|
|
|
cabron
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 13, 2022, 10:49:52 PM |
|
simple life but still fun.
maybe you can add tips from your experience all.
Thank You.
Nothing comes in easy I think most of the time people get the financial freedom after a hard hit on them - they become tough and more rigid with their financial dealing and with the people. Happend with me not sure about other. They'd have to go through a lot of difficulties in life before learning. Finance can be harder to manage when they already have few options and sometimes the job itself is making it more difficult. Its why some people prefer to just manage a small business like selling streetfood because its way easier and the money that comes with it is not fixed. Best to so is to not spend more than what you have.
|
|
|
|
tippytoes
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 13, 2022, 11:07:17 PM |
|
simple life but still fun.
maybe you can add tips from your experience all.
Thank You.
Nothing comes in easy I think most of the time people get the financial freedom after a hard hit on them - they become tough and more rigid with their financial dealing and with the people. Happend with me not sure about other. They'd have to go through a lot of difficulties in life before learning. Finance can be harder to manage when they already have few options and sometimes the job itself is making it more difficult. Its why some people prefer to just manage a small business like selling streetfood because its way easier and the money that comes with it is not fixed. Best to so is to not spend more than what you have. Also, if you have extra, try to invest it like in real-estate, jewelry, and or stocks. Find a way how to increase your money. Because if you will just let it sit for example in banks, the interest is very small. Unless, you are putting it in a time deposit or other investment options. You may not own a business, but you can invest in stocks. But before going into this, of course you should have prior knowledge before investing in any of the companies.
|
|
|
|
Ziskinberg
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 13, 2022, 11:33:19 PM |
|
Frugality, making savings is literally what most do thinking that they are secure because they have money. But I tell you that there is nothing will happen and grow/multiply your money in this way, investing is the most ideal when it comes to this. You can have your financial freedom and reach your goal in business or investing but yes, you have to face the risks which is one reason some people afraid. I'm not going to say that you have to unless you are willing to do so. Have to think about it several times before deciding.
|
|
|
|
South Park
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 13, 2022, 11:33:45 PM |
|
As a very frugal person, here are my tips. - 1. Decide on how much you are willing to save and then automatically deduct that from your pay, or at least immediately move it to your savings. If you never see the money, you will never feel like you have to spend it.
- 2. If you don't have enough left over to pay bills, then you are living above your means, and you must cut back. That includes where you live and what you drive.
- 3. Pay off your credit cards every month. If you can't pay off your credits cards every month, then you are spending more than you make.
- 4. There are many people that get by with less money than you. If they can do it, so can you.
- 5. Stop showing off. Nobody is actually impressed or intimidated by your expensive shit.
I started at a low-paying job and saved about 10%. As my pay increased, so did my percentage. Now I am saving 30% of my pay. I don't miss it because I live like my pay is 30% less than it actually is. The fifth point is especially important, many people I know fall into the trap of comparing themselves to their neighbors and often buy stuff they do not need or want just because their neighbors did it, also people need to stop buying brand stuff, luxury cars and all kind of unnecessary stuff, a regular car fulfills 99% of the needs you may have for a fraction of the cost, and the same is true for the majority of luxury goods we can find when compared to their regular counterparts.
|
|
|
|
Wexnident
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 12:20:58 AM |
|
An additional tip I got was to stop paying for monthly subscriptions if you can. Some of them aren't exactly needed or there's a better and cheaper alternative, they're more of like a premium kind of thing imo. I also constantly DCA out of my salary so I can constantly invest so as to not let my money just, well, sit there on my bank doing nothing. I'm starting to look for possible ways to invest in properties/land, kind of like a faraway thing but I'm preparing for it now. - 5. Stop showing off. Nobody is actually impressed or intimidated by your expensive shit.
Facts.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
Don Pedro Dinero
Legendary
Offline
Activity: 1414
Merit: 1658
The first decentralized crypto betting platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 05:25:54 AM |
|
I see many of you talking about frugality, when increasing income is much better in my view. Then you can maintain a certain lifestyle and save more easily.
In fact, I would say that frugality comes from a poor person's mentality.
Since the creator of the thread was talking about personal finance and growth, although he then focuses on frugality, I would say that getting as high as you can in your profession, which will earn you more, considering changing profession if you see that in your current profession there are not many prospects for growth and having side hustles that give you extra income are good ways to try to earn more and not focus on frugality as much as on growth.
|
|
|
|
so98nn
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 05:45:37 AM |
|
. . . One very important aspect these days one should be counting on - extra income sources or multiple income sources. Worlds changing fast, things are getting way costly but our salaries don’t get hiked in that proportion.
In fact the living expense which used to be let’s say $250 per month two years ago is now more than 300-350 bucks this year for sure.
Now, it’s impossible to cop up with this inflationary situation because of the same reason.
This is why it’s more of our time and multiple income sources which can sustain good life.
|
|
|
|
_BlackStar
Legendary
Offline
Activity: 1190
Merit: 1260
Crypto Casino and Sportsbook
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 09:36:31 AM |
|
maybe you can add tips from your experience all. Invest a little money for your health as well as for your vacation because you should not only think about the possibility of getting rich in the future about your investment while your health and psychology are compromised. These two things are very important to think about because the body also needs healthy nutrition and the brain also needs relaxation which does not always have to think about money and money. It's true to live a simple life, but you don't have to cut too much of your life just to prioritize investments. 5% to 10% of your total budget is also a good range for you to invest as long as it is consistent with it. So don't worry too much about it because life isn't just about money.
|
| | | | | | FIRST NO WAGERING BONUS CASINO & SPORTSBOOK SLOTS │ LIVE CASINO │ LIVE GAMES │ SPORTS | | | ► | WELCOME BONUS ─── UP TO ─── [ $500 ] | | ► | MULTI BET BONUS ─── UP TO ─── [ 200% ] | █████████████▄██▄ ████████████▐█████ ███▄██▄█████▐██████▄ ████████▄▄██████████▄ ███▐██▀██▀███████████ ██████████████████████▄ ███▐▄█████▄████████████▄ ▄▀▀███████████▄███████░█▌ ▀███████████████████████ ░███████████████████████ ░░▀▀▀▄██▄███████████████▄ ░░████▀█▀█████████████████▄▄ ██████▀███████████████████████▄ | PLAY NOW |
|
|
|
Crypto Del Sol
Newbie
Offline
Activity: 2
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 10:40:05 AM |
|
Many good tips here. Making sure that you save and invest your savings in assets is never wrong. What kind of assets could be trickier but preferably in something you have some knowledge in. Could be crypto, stocks or real estate. If you havn't read "Rich dad, poor dad" it could be a great introduction to a mindset to grow your personal economy. Very basic but still potentially helpful.
|
|
|
|
goaldigger
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 12:25:38 PM |
|
The following are tips that I usually do in saving my finances so that they are more effective and can be set aside for saving or investing.
1. Must take note and calculate our income and expenses regularly and consistently every month or week. 2. Buy only what is needed, and put aside the things that are only wanted but not needed. 3. make the allocation of funds 4. Stay away from excessive lifestyle (excessive luxury) and try to live with a minimalist lifestyle. as usual you usually order fast food. well from here you try to make more of your own cooking. (this is only done by people who are not busy). because sometimes when we pay $5 dollars for a serving of ready-to-eat food for one meal. so when we spend it on fresh ingredients that we cook it can be enough for several meals. (optional) 5. Make a goal (dream to be achieved) to make yourself more motivated. 6. Start saving and investing the money earned from frugality. 7. Pamper yourself with the specified time portion.
simple life but still fun.
Having this kind of financial planning is a big thing, this is your big step towards financial freedom and if you are discipline enough to follow this timeline, most probably you will succeed. Honestly, this is not easy and it will be more challenging especially if you didn't practice delayed gratification. I've tried this many times and failed all the time, right now I'm still trying to get things back by first paying all my debt, and hopefully can be able to achieve financial freedom once again. Finance planning is very important, it can take you to greater highs, and a happy life.
|
| │ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███▀▀▀█████████████████ ███▄▄▄█████████████████ ███████████████████████ ███████████████████████ ███████████████████████ █████████████████████ ███████████████████ ███████████████ ████████████████████████ | ███████████████████████████ ███████████████████████████ ███████████████████████████ █████████▀▀██▀██▀▀█████████ █████████████▄█████████████ ████████▄█████████▄████████ █████████████▄█████████████ █████████████▄█▄███████████ ██████████▀▀█████████████ ██████████▀█▀██████████ ▀███████████████████▀ ▀███████████████▀ █████████████████████████ | | | O F F I C I A L P A R T N E R S ▬▬▬▬▬▬▬▬▬▬ ASTON VILLA FC BURNLEY FC | │ | | │ | | BK8? | | | █▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . PLAY NOW | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ |
|
|
|
dothebeats
Legendary
Offline
Activity: 3738
Merit: 1354
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 12:39:39 PM |
|
I'm a very frugal person who has his expenses sorted out weeks before receiving my salary. I started as a dude who waits tables for a part-time job while studying for my degree. My salary is way less than you, and I am still somewhat lucky since back then I'm still living on my parents' house. The bulk of my salary goes to my tuition and school expenses, and I always have $5-$10 change on that salary and promptly kept that. I intentionally avoid going out with friends even though I wanted to and perhaps that saved me a ton of money in college.
Fast forward to now, I always keep in mind that I only have X amount of salary that I'll be receiving every paycheck, even though I actually am receiving way more than that. It stuck on me and just kept on saving and saving and ignored the temptation to spend a lot of money in one go even if I can do that. I still have my iPhone 4s in 2021 that I bought on 2013, and switched to an iPhone 11 that my workmate sold to me at a loss due to an emergency. If only the emails and the internet is working fine on that phone, I would still keep it and not buy the iPhone 11 my workmate offered me.
Mindset is also really important if you want to grow your finances. A lot of us tend to start being frugal and stop mid way when we don't see results immediately. Just keep on saving and ignore the temptation around you. It'll reward you handsomely when the time comes.
|
|
|
|
virasisog
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 02:04:34 PM |
|
Many good tips here. Making sure that you save and invest your savings in assets is never wrong. What kind of assets could be trickier but preferably in something you have some knowledge in. Could be crypto, stocks or real estate. If you havn't read "Rich dad, poor dad" it could be a great introduction to a mindset to grow your personal economy. Very basic but still potentially helpful.
Wise investing, smart spending, and self-discipline are the keys to pursuing these tips easily. There will surely be hardships in managing our finances since temptations are everywhere but we have to get through all of them to have financial freedom in the future. As much as possible, we must allocate enough funds from our salary for investment. Through that, we'll be able to prepare for a profitable future.
|
|
|
|
Ultegra134
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 02:11:29 PM |
|
Due to inflation and having changed to a relatively lower paying job, I've been struggling a little more lately. The best principle in saving, as OP suggested, is to think twice before buying something. Ask yourself if you really need it and if you're planning to actually use it.
Personally, I ask myself if I'm going to be needing it (a tool for instance) in the 6 upcoming months and if I could possibly find other alternatives in the future, providing that I end up needing it. That way, I've managed to evade some purchases, for instance in Lidl, which often sources tools and you're caught in the marketing trick of it not being always available for sale.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
Russlenat
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 05:56:45 PM |
|
simple life but still fun.
maybe you can add tips from your experience all.
Thank You.
Nothing comes in easy I think most of the time people get the financial freedom after a hard hit on them - they become tough and more rigid with their financial dealing and with the people. Happend with me not sure about other. They'd have to go through a lot of difficulties in life before learning. Finance can be harder to manage when they already have few options and sometimes the job itself is making it more difficult. Its why some people prefer to just manage a small business like selling streetfood because its way easier and the money that comes with it is not fixed. Best to so is to not spend more than what you have. That is the most effective way not to run out from budget, only spend less than your income so that you can still save some of your money. Although it’s hard when starting and seems boring, but if you want to manage well your finances and save some of it, you have to sacrifice first your luxurious lifestyle as it won’t be good for yourself in the long run. After all, once you gain financial stability, living life in luxury won’t never be a problem anymore as long as you are not overspending from your own source of living.
|
|
|
|
hugeblack
Legendary
Offline
Activity: 2618
Merit: 3863
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 06:24:23 PM |
|
In my opinion, the most unintended thing that you regret at the end of the month is the excessive socialization that leads to activities that make you spend more than usual, such as visiting relatives, friends or adopting a day for entertainment. You may have paid a lot without knowing why you paid that money.
Make saving a habit and not just a way to achieve some surplus money to invest or build something new. Even if you have no reason to save, save and donate.
|
|
|
|
Davidvictorson
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 08:21:57 PM |
|
- 3. Pay off your credit cards every month. If you can't pay off your credits cards every month, then you are spending more than you make.
In my country we do not get issued credit cards but here is a relatable version - Pay off your debts and stay off loan apps. They are two financial blood suckers. Hardly a person who is in debt is able to grow his finances or become financially free who is in debts. I have seen folks go broke once they received their monthly salary because they use most part of it to settle their debts. And at the end have nothing left to save. Living from hand to mouth.
|
|
|
|
BitcoinPanther
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 14, 2022, 09:46:03 PM |
|
Aside from the given tips, savings must be spent on investment. We cannot grow our personal economy if we keep hold of our savings. Savings is good because it can save us during time of financial distress but it just stops there. And if we rely on our savings for our personal economic growth, it will take time because our savings is very limited. Using these savings to fund our investment will hasten the growth of our personal economy because there will be another source of funds where we can take a percentage for our savings.
|
|
|
|
|