Cracking the Code of Saving Money...

[Alpha Marine]

I save money only for short-term purposes. Say maybe two to four months. My long-term savings are in Bitcoin. Those are kept for 6 months and above.

For my Bitcoin, immediately after I receive my salary for the month, I buy Bitcoin with a certain amount. I know different things will come that will make me spend the money so I just do this immediately to avoid temptation. It takes discipline and I'm still working on it. Sometimes I default and don't buy Bitcoin but I'm getting better at it.

For my short-term savings, I have a target of a certain amount of money I want to save over a specific period, usually 3-4 months. So once every month or week (depending on the agreement), my bank automatically locks up a specific amount of money in my account but separate from the normal money. They pay interest anyway, but the Interest isn't worth shit as we all know how the banking system works.
I can break this agreement before the agreed date but I'll lose a certain percentage of the money so that makes me not even think about that at all.

It's been working for me so far. I use it to save up money for stuff like rent, fees, and other things I gotta save up for.

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[Y3shot]

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.)

It is not easy to save money, and when starts receiving more income they still find it difficult to save money because their expenses becomes high too, and this is the mistake people make. They feel having more income they are supposed to live large and change standard of living and you see that by the end of the week or month their is nothing left in their hands. I think people still need to manage even if they have more sources of income, with this strategy it is very possible to save some money, but if expenses keeps increasing it will be difficult to save some money.

[jasonjm]

-snip-
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.)

Start by making a monthly budget and enlist every little expense. Make a list of essential commodities and things that can be considered a luxury. Spend less than your earnings. Increase the sources of income by investing in stocks, bitcoin, real estate and liquid assets. Prefer to eat food at home and limit your visits to restaurants. Live in a low-maintenance apartment and travel using public transport. Don't buy an expensive cell phone or a home appliance.
All these things will take time and continuous effort, but in the end, you will have ample savings.

[Bananington]

Saving is the power of compounding and the interest it bears is in the long run when it sooths the need for which it was saved.
I learnt of a friend who knew how to save because he made a quarterly budget of his expenses and not with a certain amount, but with a certain percentage for anything he would spend on. He also buys things in bulk in order to save more and have enough to do other things. When we talk of gratification, or fulfilment of a desire or pleasurable endeavour, he takes himself and his family on a vacation once in a year when all his savings has been upheld and quarterly percentage target has been met.

To avoid debts, to payback debts in fractions, to avoid credit cards and loans and to delay gratification has always been the best way to have more money to save. Saving is an insurance against the future and it helps to keep one above a certain poverty level of the mind.

[KingsDen]

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.)

Humans are insatiable, hence the urge to buy many things even when the earnings is not high. Saving is something that is encouraging but it is extremely difficult to accomplish if you are not disciplined. For you to be able to save means you should be able to earn well in order to take care of your daily needs. If your daily needs is not meant, the essence of saving will be defeated. You save from abundance and not out of starvation.
So, to be able to save, you first need to increase your earnings and then reduce your expenses and finally discipline yourself. Save as you can, not saving what you are unable to save and in the end you go back to your savings to empty it.

[Fortify]

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 people who are most productive with their money will learn and educate themselves about the financial world, primarily how the stock markets work. Companies are churning profits every year and paying those profits out to share holders, who can then either reinvest it or spend the money elsewhere. There's lots of different ways to invest in the stock market, but it's the next step you need to take after building a comfortable savings pot. Some people say you should keep 3-6 months worth of salary in your savings in case you have any problems, after that you need to start putting your money to work for you and the route that most people take is buying shares of index funds,  individual stocks or topping up their pension.

[dezoel]

You can't save anything unless you are earning way above your monthly expenditures because inflation keeps going higher over time and the prices of goods and services are rising up really fast with no clear sign of stopping or dropping very soon. In such a situation, one can barely be able to save anything from their income unless, as I said earlier, they are earning way too much that they can't spend it all on their monthly expenditures no matter how much they spend.

So, personally, I'm unable to save anything at the moment because my income doesn't cover all my costs along with savings and I can barely fulfill the needs of the household with the income, that is the reason why I'm always looking for extra sources of income just so that I can also have some savings and don't face any issues with the expenditures.

[DVlog]

You can't save anything unless you are earning way above your monthly expenditures because inflation keeps going higher over time and the prices of goods and services are rising up really fast with no clear sign of stopping or dropping very soon. In such a situation, one can barely be able to save anything from their income unless, as I said earlier, they are earning way too much that they can't spend it all on their monthly expenditures no matter how much they spend.

So, personally, I'm unable to save anything at the moment because my income doesn't cover all my costs along with savings and I can barely fulfill the needs of the household with the income, that is the reason why I'm always looking for extra sources of income just so that I can also have some savings and don't face any issues with the expenditures.

What you are saying is true and most people can not save money because they don't have a basic understanding of finance. General person opens a bank account and saves some money from their monthly wages. After 20 years they can see that their savings amount is big in number but they don't realize that their money lost 70% of its PPP over these 20 years due to inflation. Keeping paper cash as a savings is the biggest mistake most people make.

[Hamphser]

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.)

If you are planning on having that savings then it would really be needing to go back into the drawing board and list out all the expenses that you do have. IF you do find out that there's one that you could really be able to cut it off or really that needs to be lessen then do it. As long it would really be that compromised then this is something that you could really be able to make up some savings somehow.
If you do find yourself that getting overdropped then this is the best time on telling that you would really be needing another source of income and we know that its never been that simple but somewhat it cant really be that impossible. It todays world where economy becomes shittier on everyday then your income is really just that the same then you would really be coming into a point that you wont really be that
be able to survive on day to day living despite on having your own work.

This is why if you do have plans on trying to be that financially free or doesnt have much problem about finances then getting other source of income would be the key and making
out some actions on which it would be pertaining about investment and businesses on which it could really be that possibly be able to make yourself that to survive somehow.

[bhadz]

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.)

Bills aren't expected, they're obligations and they come at times that we're expecting them like monthly or every half month. While it's true that it's hard to make ends meet we have to do something in order for us to overcome this problem. Like the financial advisers that I've heard say, it's not about how much you make but how much you save and invest. But if there seems to be no movement at all and you're just spending everything whenever you receive your salary, what you must do is do something different like increasing your cash flow and source of income through having more side hustles. Because no matter how thrifty you are when every expense is going up, you need to add an additional source of money.

[AmoreJaz]

You can't save anything unless you are earning way above your monthly expenditures because inflation keeps going higher over time and the prices of goods and services are rising up really fast with no clear sign of stopping or dropping very soon. In such a situation, one can barely be able to save anything from their income unless, as I said earlier, they are earning way too much that they can't spend it all on their monthly expenditures no matter how much they spend.

So, personally, I'm unable to save anything at the moment because my income doesn't cover all my costs along with savings and I can barely fulfill the needs of the household with the income, that is the reason why I'm always looking for extra sources of income just so that I can also have some savings and don't face any issues with the expenditures.

i think one way to save even if you feel you have no extra funds is that check those bills how you can lower it down. find a cheaper rent if there's any (if you are renting), lower down your electricity bill by checking what appliances are contributing to this cost, be conscious of your spending with your food supplies. and monitor what you've been buying everyday and see how you can cut those expenses. somewhere, you can find how to lessen such expenses and save a lil bit for emergency needs.
if you will list your expenses maybe for a week or two, you will see where you can remove some unnecessary buys. without being conscious of where you're spending your funds would be hard to cut down your expenses.

[slapper]

I save money only for short-term purposes. Say maybe two to four months. My long-term savings are in Bitcoin. Those are kept for 6 months and above.

For my Bitcoin, immediately after I receive my salary for the month, I buy Bitcoin with a certain amount. I know different things will come that will make me spend the money so I just do this immediately to avoid temptation. It takes discipline and I'm still working on it. Sometimes I default and don't buy Bitcoin but I'm getting better at it.

For my short-term savings, I have a target of a certain amount of money I want to save over a specific period, usually 3-4 months. So once every month or week (depending on the agreement), my bank automatically locks up a specific amount of money in my account but separate from the normal money. They pay interest anyway, but the Interest isn't worth shit as we all know how the banking system works.
I can break this agreement before the agreed date but I'll lose a certain percentage of the money so that makes me not even think about that at all.

It's been working for me so far. I use it to save up money for stuff like rent, fees, and other things I gotta save up for.

You have a working system. Fantastic! All anyone can seem to talk about these days is Bitcoin. You, my friend, are jumping in. Smart move. However, crypto, especially Bitcoin, is a roller coaster. It rises, falls, and sometimes is unpredictable. You know that, right?

Your short-term savings approach is great. Locking money so you can't touch it is discipline. Banks, banks, and more banks... they sure are devious. They offer interest, but it's peanuts. Peanuts! But the fact that you're penalized for breaking the agreement? A big deterrent

You're saving for rent, fees, and necessities. Very commendable. Maintain your momentum and remember that discipline is vital. It's the secret to success, and you're doing well. Continue and get bigger, better results

[carlfebz2]

You can't save anything unless you are earning way above your monthly expenditures because inflation keeps going higher over time and the prices of goods and services are rising up really fast with no clear sign of stopping or dropping very soon. In such a situation, one can barely be able to save anything from their income unless, as I said earlier, they are earning way too much that they can't spend it all on their monthly expenditures no matter how much they spend.

So, personally, I'm unable to save anything at the moment because my income doesn't cover all my costs along with savings and I can barely fulfill the needs of the household with the income, that is the reason why I'm always looking for extra sources of income just so that I can also have some savings and don't face any issues with the expenditures.

i think one way to save even if you feel you have no extra funds is that check those bills how you can lower it down. find a cheaper rent if there's any (if you are renting), lower down your electricity bill by checking what appliances are contributing to this cost, be conscious of your spending with your food supplies. and monitor what you've been buying everyday and see how you can cut those expenses. somewhere, you can find how to lessen such expenses and save a lil bit for emergency needs.
if you will list your expenses maybe for a week or two, you will see where you can remove some unnecessary buys. without being conscious of where you're spending your funds would be hard to cut down your expenses.

Try to reduce on everything as much as possible,doesnt matter on how little it is as long you could really be able to find ways on reducing cost because if you have done it then you would really be seeing some changes on how much you could really be able to allocate when it comes to savings thing.We do know that economic problems becomes more worst due to inflation just like on what others been saying on which it might really that sounds too easy to recommend or advise but actually it is really that too hard on making yourself that able to do so due to some circumstances and i could say that it is really that wont really be that easy.Adjustments made would really be needing that extreme discipline and control towards your spending or else then you would really be still on failing.

There's no such thing about cracking code or hidden secrets because you could really be able to just find directly if you do really just that be serious on finding ways on how to save up and
lessen your expenses on which on this way then you could really be able to make yourself that have some progress somehow and starting up to see the results of some adjustments.
It might not be simple or easy but as long it do works then it works.

[SmartCharpa]

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.)

Saving money at this time will be quite challenging. As we develop and make more money, the economy becomes more difficult. We have a great deal of issues to deal with. You will just see several bills, and we must deal with them. Men find it difficult to save money because they must support themselves. Your ability to solve issues will be more valuable than any money you may make. We continue to experience a variety of issues. I personally do not find saving simple. The majority of us are taking care of our families and ourselves by doing this. Without them, we can't leave them behind. We wouldn't be here without them. However, if you're student in this situation, must set aside money for all necessary expenses.

We should not have long troat is the most successful treatment for this. We shouldn't start making plans to live like our friends just because we notice that they are saving money and doing better than we are. I don't know how the economy is doing in your country, but I think it is not just mine that is becoming worse. Not just for ourselves to save, but for all of us, we are struggling to get this money. Most of the time, when difficulties arise that we weren't expecting, we have little choice but to use the money we were trying to save. I think some of us will save when it's appropriate.

[Natsuu]

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 best things is to make your needs the subject of your wants. Oftentimes we buy things that we don't really need and just go to waste.  Also, save money in a way that you are not depriving yourself. Some don't eat lunch or dinner just for the sake of saving a buck for a day. It's not healthy. If that's the case, you won't stick to that and miss your savings because you cannot actually afford your savings in the first place.

You can simply earn more money. Yeah easier said than done. You have to earn more money whether through business, another job, or side hustles. Then after saving enough, level up that by putting it on an invstment.

[red4slash]

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.)

Bills aren't expected, they're obligations and they come at times that we're expecting them like monthly or every half month. While it's true that it's hard to make ends meet we have to do something in order for us to overcome this problem. Like the financial advisers that I've heard say, it's not about how much you make but how much you save and invest. But if there seems to be no movement at all and you're just spending everything whenever you receive your salary, what you must do is do something different like increasing your cash flow and source of income through having more side hustles. Because no matter how thrifty you are when every expense is going up, you need to add an additional source of money.

We can do this by reducing our spending on things that are not really needed, which will be very helpful. I mean every month we must already have an idea of how much money we will spend on basic needs that cannot be abandoned, because we already know the needs for sure. As for bills, I think we already know how much we have to spend, except for some bills such as vehicle repair costs that are unexpected.
We can do it from the smallest things, don't be too hasty, because things like this also require patience for us to do, to make our financial situation improve.

[sunsilk]

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.

Just be responsible and that's more than what saving is. Although it is necessary for us to save for the rainy days because we don't know what situation we will be in by that time.

If you're able to pay the bills, be proud of it. Not everybody does that because they don't account their responsibilities like as simple as paying bills.

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.)

Start saving like a couple of bucks whenever you receive from any source or profit you make. And practice it until you make it as a habit and from there, you'll get a larger plan that you should save double of that amount until it's more than what you can ever imagine.

And do not forget the typical tip that you'll hear from everybody and that's to only live within your means.

[reagansimms]

There is always a way as long as you have the desire, self-control is the main key to implementing a frugal way of life in order to achieve a better future using savings that have been prepared in the past. You can create a priority scale by differentiating needs from desires, this way you can control expenses so that they do not exceed income. Commitment from the start will make it easier for you to live a frugal life. When you have set targets to achieve in the future, you will try to save in a disciplined manner.

[barisbilgili]

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 best things is to make your needs the subject of your wants. Oftentimes we buy things that we don't really need and just go to waste.  Also, save money in a way that you are not depriving yourself. Some don't eat lunch or dinner just for the sake of saving a buck for a day. It's not healthy. If that's the case, you won't stick to that and miss your savings because you cannot actually afford your savings in the first place.

You can simply earn more money. Yeah easier said than done. You have to earn more money whether through business, another job, or side hustles. Then after saving enough, level up that by putting it on an invstment.

By making the needs we have to fulfill in line with our desires, of course this will really help us in terms of saving on the expenses we incur because if we have a lot of desires and we can still postpone having them then we will have difficulty in managing the income we have, if We have a lot of income, maybe we don't realize it, but if we only have enough income for our needs and we use it for our desires, of course we won't be able to meet the needs that we really need to fulfill.

If we can get more income according to what we want, maybe it will be easier to manage the expenses we need. You are right that it is very easy to say that we are looking for additional income outside of the job we have, but it will be very difficult to carry out several jobs at once and if we are not consistent in doing so it will certainly make us experience losses that we will incur.

[lizarder]

There is always a way as long as you have the desire, self-control is the main key to implementing a frugal way of life in order to achieve a better future using savings that have been prepared in the past. You can create a priority scale by differentiating needs from desires, this way you can control expenses so that they do not exceed income. Commitment from the start will make it easier for you to live a frugal life. When you have set targets to achieve in the future, you will try to save in a disciplined manner.

It's true and there is always a way for those who are able to discipline themselves in controlling their finances. Living frugally and setting a small budget for the savings portion can also increase our interest in saving, although the level of productivity of that money will not increase as quickly as placing money in potential investments. It is necessary to distinguish between needs and desires because this is where we can educate ourselves in saving and if we are not able to see the difference, we will actually spend money on desires that are not needed to control our daily needs.

Strive for commitment with the intention to save and always try to be frugal for the reason of not being stingy in meeting life's needs. If a lifestyle like this can be implemented then I am sure we will be able to carry out appropriateness in spending money and most importantly we will have a portion of savings according to the steps that have been carefully prepared.