Cracking the Code of Saving Money...

[TheUltraElite]

When you have set targets to achieve in the future, you will try to save in a disciplined manner.

I think we can all agree on this.

Without set targets, spending remains uncontrolled and savings reduce drastically. Being frugal is often inherent but can be acquired through proper training. Some people are easily coaxed by advertisements, promotional content and word-of-mouth. Being able to control them takes skill but is possible.

Hence discipline makes the cornerstone in all these. Without that a lot of things in life would go haywire.

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[bhadz]

Bills aren't unexpected, 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.

Yeah, a reduction in spending on things that you don't need is a big thing for your budget. You'll realize if there are things that are unnecessarily included in your budget. If you're into subscriptions, better check it again if you need them because, at most times, you don't. Those little amounts that you will collect on top of that will give you an idea of how much you can save and spend for a year. And if you feel that you're wasting money on them, then that's a knock on your head that you have to spend money wisely only on important things and maybe for some leisures.

[Miles2006]

1) spend wisely

2) avoid living a luxury lifestyle to impress people

3) avoid unnecessary spending

4) if you want to save, settle for lesser price product

5) make a list of necessary needs, like if you're a salary earner, after receiving your monthly pay, write down list of what you need throughout the month, then you set the money aside.

6) make use of trusted wallets to save your money.

[justdimin]

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.

It's hard to save huge amount but small amounts are easy. We shouldn't underestimate it because it can still grow big later on. Inflation affects the value of our money or our savings but I think we shouldn't mind it first if we didn't know yet on how to discipline ourselves to save. If you do already, you can choose to put most of your savings in some valuable assets as they help combat the inflation. Inflation affecting the price of a commodity can be a good thing because we can buy them cheaply.

We can HODL them and wait for their price to recover before we can sell them for profits. Actually if you are already saving in the past, the more you will be encouraged of doing it now. Whether working on an organization or not, the tips that you said about handling our salary is always possible for a person who is willing.

[icalical]

-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.

This is actually the most effective way for me, I need to know where my money goes. Only after that I can analyze which of my expense I could reduce and turn it into saving. I think one of the main reason is because I work freelance and I don't have fixed income, so since I can't control my income then I need to control my expense, this way I could spare some of my income to turn into saving.

[lienfaye]

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.

It's not easy if your salary is sufficient only for the needs or you spend more than what you can earn. If that's the case you have to think on how you can increase your income. It's hard to have a problem financially, therefore do something, strive and don't depend to anyone.

How do you manage to save in a world that encourages spending?

There are many temptations but if you really want to save then you need to control and discipline yourself. Because nothing will happen if you keep spending and then in times of emergency you'll take a loan because you don't have money.

[boty]

-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.

This is actually the most effective way for me, I need to know where my money goes. Only after that I can analyze which of my expense I could reduce and turn it into saving. I think one of the main reason is because I work freelance and I don't have fixed income, so since I can't control my income then I need to control my expense, this way I could spare some of my income to turn into saving.

Without having an income, it will certainly be difficult to manage the expenses we need and it is very different from those who have a fixed income. Setting aside the income we have to be able to save is very important for us to be able to do because if we don't have savings it will certainly be very difficult because we work as a freelancer.

[legendbtc]

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.

It's not easy if your salary is sufficient only for the needs or you spend more than what you can earn. If that's the case you have to think on how you can increase your income. It's hard to have a problem financially, therefore do something, strive and don't depend to anyone.

I believe that everyone is aware that increasing income is the only solution, but if saving is difficult, increasing income is even more difficult, especially when we are in an economic crisis like today. It sounds easy, but it's really difficult to apply for a job these days.

How do you manage to save in a world that encourages spending?

There are many temptations but if you really want to save then you need to control and discipline yourself. Because nothing will happen if you keep spending and then in times of emergency you'll take a loan because you don't have money.

Compared to increasing income, saving will be somewhat easier because we will be more proactive. But we cannot fix our savings amount because there are many unexpected expenses. We can only limit spending on useless or unnecessary things.

I prefer the solution of increasing income rather than just focusing on saving, so we need to make more efforts even though it is much more difficult.

[angrybirdy]

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.

It's not easy if your salary is sufficient only for the needs or you spend more than what you can earn. If that's the case you have to think on how you can increase your income. It's hard to have a problem financially, therefore do something, strive and don't depend to anyone.

I believe that everyone is aware that increasing income is the only solution, but if saving is difficult, increasing income is even more difficult, especially when we are in an economic crisis like today. It sounds easy, but it's really difficult to apply for a job these days.

How do you manage to save in a world that encourages spending?

There are many temptations but if you really want to save then you need to control and discipline yourself. Because nothing will happen if you keep spending and then in times of emergency you'll take a loan because you don't have money.

Compared to increasing income, saving will be somewhat easier because we will be more proactive. But we cannot fix our savings amount because there are many unexpected expenses. We can only limit spending on useless or unnecessary things.

I prefer the solution of increasing income rather than just focusing on saving, so we need to make more efforts even though it is much more difficult.

I've noticed that most people who have a higher income come with a huge cost of expenditure. Seems like it's better to increase your income or add a side hustle while controlling your daily expenses, in that way, you can save more money while making it from your salary. try to avoid or minimize buying things that you know aren't important in your day-to-day living. be wise in handling and spending your money.

[alastantiger]

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 get sick of budgeting most times because my budget doesn't budget at all. This change so fast. Inflation increases the prices of goes in the malls and shops each day that when you look at your budget, you have spent more than you budgeted for.

My new strategies involve putting money out for saving first and use the rest of the money for other things.

A fixed amount of money is removed from my income each month and saved somewhere where I cannot touch it until a maturity period.

The other monies is used to survive the recession and inflation.
That's how I do it.

[Helena Yu]

You must get a good job that pay well first, if you can't get it, even you've cut every unnecessary expense, it's not really worth. Stress is normal in work, so you must entertain yourself, this could be playing game, painting, shopping etc, which needs money. Don't only work and not appreciate/love yourself, you might become depressed etc.

Without having an income, it will certainly be difficult to manage the expenses we need and it is very different from those who have a fixed income. Setting aside the income we have to be able to save is very important for us to be able to do because if we don't have savings it will certainly be very difficult because we work as a freelancer.

It doesn't make sense in the first place, how you can able to have money when you're not having an income/work? You must work to get income, a poor people who begging is also "working".

[Rruchi man]

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 requires discipline, and you must be prepared for the obstacles to your plans to save. You have to within the period where you are saving make sure that you are strong willed to not spend out of budget, or spend money on impulse responding to certain situations and unexpected bills.

Plan for everything and have a provision for expected and unexpected expenses in your budget.

Be strict about not touching your savings, you can even go the extra mile of making sure that it is difficult to access so you do not easily get to it under pressure.

[Tony116]

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 get sick of budgeting most times because my budget doesn't budget at all. This change so fast. Inflation increases the prices of goes in the malls and shops each day that when you look at your budget, you have spent more than you budgeted for.

My new strategies involve putting money out for saving first and use the rest of the money for other things.

A fixed amount of money is removed from my income each month and saved somewhere where I cannot touch it until a maturity period.

The other monies is used to survive the recession and inflation.
That's how I do it.

Saving the same fixed amount every month is not easy because life is full of surprises but if you can maintain it then you are really good. But I want to know, are you saving in fiat currency or in some other asset? Because as you also said, it is inflation that increases the prices of items and makes it impossible to budget. And if you continue to save in fiat currency every month, those savings will have a hard time saving you when inflation is increasing. You should continue with your strategy but instead of saving in fiat, you can use gold or bitcoin to better secure the value of your savings.

[romero121]

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 get sick of budgeting most times because my budget doesn't budget at all. This change so fast. Inflation increases the prices of goes in the malls and shops each day that when you look at your budget, you have spent more than you budgeted for.

My new strategies involve putting money out for saving first and use the rest of the money for other things.

A fixed amount of money is removed from my income each month and saved somewhere where I cannot touch it until a maturity period.

The other monies is used to survive the recession and inflation.
That's how I do it.

Saving the same fixed amount every month is not easy because life is full of surprises but if you can maintain it then you are really good. But I want to know, are you saving in fiat currency or in some other asset? Because as you also said, it is inflation that increases the prices of items and makes it impossible to budget. And if you continue to save in fiat currency every month, those savings will have a hard time saving you when inflation is increasing. You should continue with your strategy but instead of saving in fiat, you can use gold or bitcoin to better secure the value of your savings.

Savings can be made effective with better plans. We should have certain amount allocated for miscellaneous spending. We can't be sure of the monthly spending as there'll be unexpected expenses. When we're in a family, automatically we need to consider all the members. Another issue most of the people face, to the rising inflation the salary isn't increased by the corporates. This will directly affect the savings of the people. To overcome this, better choice will be increasing the number of income streams. Getting registered to some schemes too an effective way to save money.

[RockBell]

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.

There is a lot of suffering involved in attempting to accomplish something real in life, but trying to save money is difficult because, as you said, a line needs to be made between needs and desires. The issue currently is that if money is saved in fiat, many circumstances may affect it. It is therefore even more advisable to invest it and for it to be moving around rather than being kept in one place and ultimately being spent. Saving money is challenging because you begin to have many ambitions. and it will be very difficult to make certain decisions. you want to survive you just have to make them.

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.

Even some rich people try their best to control how they spend to the extent they avoid spending on luxury, not because of anything but because they have a target they want to meet. Financial success can be achieved by having good saves and investing some of the funds. Even while saving, there is less interest earned than when investing, even a small amount. Nobody will be able to teach us financial discipline; we will need to figure it out for ourselves. Discipline is crucial because there are many things to spend money on. and also reading books on finance will help.

[Twentyonepaylots]

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 get sick of budgeting most times because my budget doesn't budget at all. This change so fast. Inflation increases the prices of goes in the malls and shops each day that when you look at your budget, you have spent more than you budgeted for.

If you go beyond your budget, and spent money to unnecessary stuff, then there's nothing wrong with the amount you have, you will realize that it's you who has to adjust with these kind of spending. And budgeting requires a common sense, we know goods cost higher these days and you need to adjust with these as well. You don't budget $20 on electricity bill if you are at home with 24 hours ac and computer on.

My new strategies involve putting money out for saving first and use the rest of the money for other things.

actually this is the normal thing to do, glad you found out.

A fixed amount of money is removed from my income each month and saved somewhere where I cannot touch it until a maturity period.

Putting it in cold is the best to save it. Not on your cards, e-wallet, or somewhere that can be access online to avoid temptation of spending.

[JunaidAzizi]

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 first thing in the saving money strategy is not to compare yourself to others, this means when you compare yourself with the class who are very rich then it will make you financially unstable as they spend more on useless things, and by competing yourself to them will also tend you to do the same. The second thing is to make a list of the whole need for a single month and store it. This will keep your money from spending more by buying it on a daily basis. For a minimal electricity bill reduced or turn off the lights that are upstairs or in the launch or in the kitchen and always use good quality light whose consumption rate is less. A lot of money is wasted on alcohol and clubbing so stay away from these two especially as they will damage your wallet as well as your health. These are a few suggestions that I use in my life and that's how I manage my fund.

[AmoreJaz]

Saving requires discipline, and you must be prepared for the obstacles to your plans to save. You have to within the period where you are saving make sure that you are strong willed to not spend out of budget, or spend money on impulse responding to certain situations and unexpected bills.

Plan for everything and have a provision for expected and unexpected expenses in your budget.

Be strict about not touching your savings, you can even go the extra mile of making sure that it is difficult to access so you do not easily get to it under pressure.

yourself is your enemy when it comes to discipline. no one else. so yeah, stick to your plan and ask yourself why you are diverting at some point. no one can help you in times of need, instill it in your mind so you have strong motivation to save as much as you can.
manage your finances and should not buy unnecessary things. most of the time those extra things will just find its way in trash.

[legendbtc]

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.

It's not easy if your salary is sufficient only for the needs or you spend more than what you can earn. If that's the case you have to think on how you can increase your income. It's hard to have a problem financially, therefore do something, strive and don't depend to anyone.

I believe that everyone is aware that increasing income is the only solution, but if saving is difficult, increasing income is even more difficult, especially when we are in an economic crisis like today. It sounds easy, but it's really difficult to apply for a job these days.

How do you manage to save in a world that encourages spending?

There are many temptations but if you really want to save then you need to control and discipline yourself. Because nothing will happen if you keep spending and then in times of emergency you'll take a loan because you don't have money.

Compared to increasing income, saving will be somewhat easier because we will be more proactive. But we cannot fix our savings amount because there are many unexpected expenses. We can only limit spending on useless or unnecessary things.

I prefer the solution of increasing income rather than just focusing on saving, so we need to make more efforts even though it is much more difficult.

I've noticed that most people who have a higher income come with a huge cost of expenditure. Seems like it's better to increase your income or add a side hustle while controlling your daily expenses, in that way, you can save more money while making it from your salary. try to avoid or minimize buying things that you know aren't important in your day-to-day living. be wise in handling and spending your money.

This is absolutely true and I am the one who has experienced it. Many people claim that even if they had a higher income they would still live as frugally as if they were not earning as much money. But no one will be able to do that because that is our goal, we try to work and earn more money to have a better life. So it's impossible that when we're rich, we can still be as frugal as when we're in trouble. The greater your income, the more you will spend and that is also called spending in accordance with your income.

[Silberman]

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.)

There is not really any kind of code or secret, if you want to save more money there are not many options you can use, since increasing your income is harder than reducing your expenses then it is preferable to concentrate on the latter than the former, and in order to reduce your expenses you really need to try to get the most out of every dollar, and this means using products of generic brands, reducing your luxuries to a minimum and sometimes even reducing your expenses on key areas for some time until you accumulate enough savings to buy or invest in what you need.