Cracking the Code of Saving Money...

[DT_MEMBER]

We all want to save money, but it's not always easy.
There are so many things that tempt us to spend, unexpected bills that pop up, and it can be hard to make ends meet.
How do you manage to save in a world that encourages spending? Let's talk about it.
Share your ideas, tips, and stories about saving money, and together, we can figure out how to get better at it. (We will also draw valuable lessons from the mistakes and experiences of others.)

Of course earning money is very difficult.So you should spend the money you earn wisely.For example if you are married and if you have sons and daughters then you have to spend money for their maintenance and family but you have to save money according to that percentage.Because for example you earned 100 dollars, from this 100 dollars you spent 60 dollars for your family work, you are left with 40 dollars, this is just an example.Again, from this 40 dollars, you left 20 dollars for your family's treatment, leaving another 20 dollars.You can convert these 20 dollars into the country's own currency and keep it in a family private bank, then maybe you will save some money at the end of the year.

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[ZAINmalik75]

At first what I did was to write down all the expenses for the month, and make a budget based on them, looking at where I could cut back to save. Then, you have an income that you spend per month, and when you analyze it, you can surely save from somewhere.

That's so universal strategy you are following, everyone with some salary would have thought to buy all the goods to be used in the house, in bulk. And sometimes, those calculations go wrong, and you might have to buy more. To this date, I am not able to predict how much groceries I need in my home for the whole month. And If I buy all of them at once, I end up buying more even before the end of the month.

And when I compare the amount of groceries bought all at once and on a daily basis, I come to realize that I spend less on a daily basis. Maybe, when I bought in huge amounts, the hearts of our family members also became big and then they started to waste more. Yeah, I will call it a waste because they use more than they need.

Although I also tell you that after a few years of doing this, what I managed to do was to increase my income, which makes everything much easier.

I have only a few words for it in our local country which are: When the blanket gets bigger, people start to spread their legs wider. This means, that when the income of a person increases, he starts to spend more. But when a person spends money on household things and ends up realizing that he needs more money then these expenses work as a motivation factor for us and help us to work more and earn more.

[dothebeats]

I'm pretty sure there are already threads that talks about this topic. I'm sure a lot of answers will just revolve about budgeting, keeping a humble lifestyle, saving, investing, meal planning, and being smart about expenses. I'm too lazy to leave all the threads that asked this very question already but I'm sure it wouldn't take you a few scroll to find them.

[JeffBrad12]

if you ready to save money you are ready to abandon consumptive behaviour.
but here's the thing, there's no way you can be really saving money that much nowadays, everything requires you to pay, therefore its just far better if you increase your earning and also have another source of income that way you will not be concerned about living in minimalism and fixated with budgeting, i've never seen personally people that become rich for saving, their saving are already projected and they know how much money they gonna get and usually use it immediately once it saved up to certain amount.
but rich people are getting rich from earning more money.

[Sarah Azhari]

Share your ideas, tips, and stories about saving money, and together, we can figure out how to get better at it. (We will also draw valuable lessons from the mistakes and experiences of others.)

I guess you are talking about fiat money, right? If yes, You don't need to worry about how to save it. Because it's is very easy like turning the palm of the hand, For example, if you employee, and received salary for each month, Just use that money for your basic needs like bill, electrical cost, gas, water dan food. And the rest, buy bitcoin or crypto you want and save it on wallet where you own the private key. Just simple like that. Because I've experience with that, before I save the rest my salary on bitcoin, I'm very wasteful to use money, I am not controlled and always buy things that I don't need. but, after I saved on Bitcoin, and DCA for each month, I am saving, I also deliberately made it difficult to withdraw Bitcoin from my wallet to exchange by using precise methods (multi-signature with my wife).

[Pejoh Asu]

We all want to save money, but it's not always easy.
There are so many things that tempt us to spend, unexpected bills that pop up, and it can be hard to make ends meet.
How do you manage to save in a world that encourages spending? Let's talk about it.
Share your ideas, tips, and stories about saving money, and together, we can figure out how to get better at it. (We will also draw valuable lessons from the mistakes and experiences of others.)

The simple thing we do is think simply, don't even think about replacing your mobile phone with the newest type and don't install online shopping applications that make us always tempted to shop, when on holiday stopping internet access is the best solution so that we can always keep it from getting easy. shopping, apart from that we have to make a daily and monthly spending budget.

[Oasisman]

How do you manage to save in a world that encourages spending? Let's talk about it.
Share your ideas, tips, and stories about saving money, and together, we can figure out how to get better at it. (We will also draw valuable lessons from the mistakes and experiences of others.)

You are right, spending may sound easy, but it's actually hard to execute. I believe in every goal you make it will most certainly always require sacrifices. In this case, you need to sacrifice some of your leisure that lets you spend money and start cutting those unnecessary expenses like alcohol, cigarettes, and dining in a fine restaurant. These will be your first step. It's always gonna be the start that's very hard, once you see the significant result, you'll get encouraged to even save more. This is based on my experience when I was still saving up for almost 7 years to build my home. It's not a big home but at least I don't rent anymore.
Always remember, it's always gonna be the start that's difficult.

[Poker Player]

The simple thing we do is think simply, don't even think about replacing your mobile phone with the newest type and don't install online shopping applications that make us always tempted to shop, when on holiday stopping internet access is the best solution so that we can always keep it from getting easy. shopping, apart from that we have to make a daily and monthly spending budget.

Yeah, I think a budget and having the mentality to keep consumer spending low is essential. I don't think a code or anything is necessary either, which complicates things too much. The generation of our grandparents was something they practiced by default because there was not the abundance of today (I refer especially to developed countries) and saving for tomorrow was necessary, not a difficult option in the face of so many offers, different means of payment and even of financing, as it is today.

[Yogee]

1. Pay yourself first by deducting savings from your earned income before spending it on basic necessities and other stuffs.
2. Practice a minimalist lifestyle.
3. Save more by making more - it's hard to beat inflation so having more active income through jobs or passive income through investments is ideal. Go into jobs or trades that actually pays you more based on your performance such as commission based sales.

[Sebas.tian]

Kill the spirit of spending your money anyhow, and it will be very easy for you to save any amount of money you want to save in a year that will make you a better investors in the future. We know is not easy to save huge amount of money these days, because of the heavy inflation that is affecting the global economy and is causing the price of commodities to increase daily in the market and is not encouraging citizens to save their money the way they use to saved in the past when the global economy was very good. If you are working in an organization, you can divide your salary into two, and use one part for food items include house rent, children school fees and other things and save the remaining half for future purpose.

[DubemIfedigbo001]

Its not just about saving money, its the intention of the savings that keeps the hope alive and encourages you to save more. What I mean is this, there should be a target for the savings. You should have something that you want to use the accumulated money for, maybe to invest it in something meaningful when it accumulates to a certain amount, or use it to execute a project at the long run. With the target in mind, you'll be motivated to pay the price to achieve your aim.

Now to your question, you need a lot of discipline to be able to save.
1. Create another account for the savings purpose only. Estimate the cost of the investment you want to embark on and place a rule not to interfere with the money until it reaches the said amount.
2. Only set  aside from your earnings  that little portion that will not put you under unnecessary pressure and keep saving it consistently.
3. In order to save efficiently, you need to find other sources of income, no matter how small, just do something to keep some like extra funds coming in to compensate for the ones that are saved. This will provide little funds for backup in case of emergencies.
4. Cut your coat according to the cloth. Don't live outside your means or else, saving consistently might be hard.
5. Ensure the savings account collects the money automatically from your earnings cos if left for you to do manually, you might change your mind on some occasions. Automatic savings removes from you the power to prevent the normal savings routine.

[mu_enrico]

You can't save money if you do it at the end, or use leftover money from your salary. If you want to save do it at the beginning, let's say cut 10% whenever you receive your income to a dedicated saving account. But this is under the assumption that your salary is enough for your basic needs. Otherwise, you'll end up with zero or even borrowing money, even when you already live frugally. Anyway, don't waste your time allocating your already small income (for those who need this advice), rather think more about how you get more money/income.

[DabsPoorVersion]

We all want to save money, but it's not always easy.
There are so many things that tempt us to spend, unexpected bills that pop up, and it can be hard to make ends meet.
How do you manage to save in a world that encourages spending?

I just avoid spending too much money. Every time I receive my salary, I think of what I need to do like taking note of my expenses, separating the money for my needs, and taking at least 10% for my savings. Always remember that an individual should align their salary to their expenses. It's not a good idea if, for example, you have a $1k salary then your needs and expenses combined are worth $1.5k. Cut out the expenses you don't need, as possible as you can, and think of a way to get a cheap price for everything you need.

And if it's impossible to align your expenses with your salary, it's all about changing careers/jobs or considering having a part-time job. This is the only choice, so you won't be short on your money.

[inthelongrun]

Build a correct mindset. Have some time alone, meditate, and think and feel what you want to do with your life, and then promise yourself to follow the dos and don'ts in order to reach that goal.

So saving is one of the most important things we need to do. Avoid having debts. Budget the money that you have and always allocate a fixed savings. Avoid using credit cards and even debit cards as much as possible since it is easy to spend money using them. Use cash and stick to your available budget. Or at least have a separate debit account for your savings or for your regular expenditures if spending online like for groceries and other stuff is much easier.

[cafter]

• Live with you parents in parents house it cuts lots of cost and energy, like your mom will cook for everyone which consumes less energy, and saves money on groceries.
• Cut unnecessary costs like purchasing entertainment-related subscriptions across multiple platforms for no reason, benefit from free trials.
• Use public transport of you are comfortable it cuts lot of costs of personal vehicle like maintenance costs, fuel costs, you cannot use your time while you drive.
• Saving a little each month takes discipline. Don't spend it on new gadgets when they come out.

[.gustafson]

Man, I feel this struggle. Saving money in a world that practically begs you to spend is like trying to swim upstream. One trick that's worked for me is automating my savings. I set up an automatic transfer to a separate savings account on payday. It's like a forced savings plan. The money is out of sight, out of mind, and it adds up over time.

[Wexnident]

We all want to save money, but it's not always easy.
There are so many things that tempt us to spend, unexpected bills that pop up, and it can be hard to make ends meet.
How do you manage to save in a world that encourages spending? Let's talk about it.
Share your ideas, tips, and stories about saving money, and together, we can figure out how to get better at it. (We will also draw valuable lessons from the mistakes and experiences of others.)

Avoid any, and I mean any subscription-type/based payments, primarily the ones that are used for entertainment ones (or loans for outside of it). No matter how much comfort it brings you, it's not a necessity. I forgot where I got it but it was one of the things that I always followed after waking up to it. And since I'm dumb (and relatively new to saving up), i use the 50-40-10 rule, 50% for needs, 40% for wants, 10% for loans/savings. Said 40% usually has extra, so I put it on the 10% if possible.

I also followed through getting hobbies that are inexpensive, in my case drawing. I have a feeling it isn't going to be inexpensive sooner or later though after some arm pain settled in quite frequently

[freedomgo]

It could be that your undisciplined spending habits are the problem. If you cannot control yourself and always indulge in buying your wants, that's where you won't be able to save money. Some truly wealthy people live below their means, even after achieving financial freedom. So, if they can do it in that situation, I believe those struggling to save money should learn this method.

By bringing it up here, it means you've already recognized it as a problem, and there's always a solution to any problem. I suggest that if you can live within your means, you should follow that without questioning. Eventually, savings will naturally accumulate as you minimize your spending and focus only on your needs.

[slapper]

Today's world makes saving money difficult. Everywhere you look, ads, sales, and new gadgets compete for your attention and money. Saving and spending are constantly at odds. People, it's all about discipline, discipline, and more discipline

You must first comprehend the economy's vast supply-and-demand network. When you understand the economy, you can spot trends, forecast market moves, and make better financial decisions. Being one step ahead is key

Next, human behavior. Aren't we creatures of habit? We see, want, buy. What if we waited before buying? "Do I really need this?" The response is usually "No!"

We can and will learn how to save in a world that loves to spend. Always keep in mind that success depends on discipline, comprehension, and being proactive at all times

[Ucy]

We all want to save money, but it's not always easy.
There are so many things that tempt us to spend, unexpected bills that pop up, and it can be hard to make ends meet.
How do you manage to save in a world that encourages spending? Let's talk about it.
Share your ideas, tips, and stories about saving money, and together, we can figure out how to get better at it. (We will also draw valuable lessons from the mistakes and experiences of others.)

One of the best ways to learn to save more is by running on a small budget and locking large part of your income you can't easily access for a minimum of 3 months in good investments. The low budget could force you to become creative and more prudent in spending, especially by driving you to spend on cheap and necessary things. And you need avoid compromising on good quality while spending.