Cracking the Code of Saving Money...

[Out of mind]

Saving money is very difficult as it is for all people whenever you plan to save money, you have many important tasks that need money to complete. And if you want to save money for the future, you must keep your mind strong so that you can save the money. In this era it has become very difficult to raise money because all the fields require money which costs more than what is earned. A family has many needs and doesn't have enough money to save, but has to borrow more to meet those needs. That's why I think that if you want to save money, maybe you can save it in a bank or cryptocurrency, maybe in the future. I tried a lot to save money, but I couldn't, but it was spent on my various activities that's why I made my money into bitcoins for the future which will give me profit. That is why in order to eliminate this kind of problem one must keep the money in an active place from where you never transfer the money but keep it there and save it for future, but this cost of money will be reduced.

[junder]

Billionaires have said poor people save money while rich people invest their money. Well, from that point of view we can clearly see differences and it's possible outcome. Saving money is much better than wasting it but investing it to something that will gave us more than the amount we save is the best and wisest choice.

But in many cases investing is wasting. Especially investing in something that seemingly will provide you with high yield. I wouldn't encourage people to invest instead of just saving. Those billionaires you've mentioned in the beginning they usually lose millions on the wrong investments before finding something profitable. Regular people can't afford that.

Yes that may be true, if we look at the many cases that occur about those who are wrong in terms of allocating money for investment then there will definitely be cases that occur or befall them, but I don't think it will always be like that, maybe this is just a matter of their lack of knowledge in the field and also of course following by not paying too much attention to the level of risk that can befall them. So maybe I think that's one of the reasons why they invest but in the end it's like a waste of time and money, and I would say maybe that's part of the process that they have to go through in the beginning, if they give up then yes I agree to the statement of wasting time and money, because they're already munder before the returns happen.

Honestly, I also wouldn't encourage anyone to invest or save, because yes I think it will come back to their belief and trust in terms of managing their money, if they want to get an increase in their money then yes they can invest but also by agreeing to the risks that are there, it will not always be profitable because obviously investment is always related to the level of risk. Losing millions of dollars? Yes I think it's one of the experiences of the rich that makes them even richer when they can get through such conditions, learning from mistakes is always the best thing, and maybe that's what successful billionaires apply.

[jaberwock]

Part of saving money is setting a budget and separating everything. There will be times in your life where you have to spend some unnecessary money on friends and family. The best way to stick to your goals is to avoid such situations understanding these types of expenses will increase your savings. So control unnecessary expenses with frugal attitude saving is an important habit for many reasons as it helps you manage financial stress to cover future expenses and plan for vacations. Understanding the different qualities of savings can motivate you to save more. Can help keep you on track by avoiding unnecessary spending achieving financial goals and increasing your savings.

If you already know how to budget, unnecessary spending will now be gone or will be minimized. I think unnecessary spending if done with our family is not wrong and I don't even think that it can be called as that because I'm sure this can make them to feel happy. It's better than if we do this in our friends.

Yeah, budgeting or saving prevents us to be stressed not only in terms of financial because most of our problem which cause us a stress starts with money or related to it. Planning for a vacation is I think still part of unnecessary spending but again if it's done with our family I think it's fine. I guess it's not bad to treat our selves and our love once even for rare occasions.

[Lanatsa]

Billionaires have said poor people save money while rich people invest their money. Well, from that point of view we can clearly see differences and it's possible outcome. Saving money is much better than wasting it but investing it to something that will gave us more than the amount we save is the best and wisest choice.

But in many cases investing is wasting. Especially investing in something that seemingly will provide you with high yield. I wouldn't encourage people to invest instead of just saving. Those billionaires you've mentioned in the beginning they usually lose millions on the wrong investments before finding something profitable. Regular people can't afford that.

Yes that may be true, if we look at the many cases that occur about those who are wrong in terms of allocating money for investment then there will definitely be cases that occur or befall them, but I don't think it will always be like that, maybe this is just a matter of their lack of knowledge in the field and also of course following by not paying too much attention to the level of risk that can befall them. So maybe I think that's one of the reasons why they invest but in the end it's like a waste of time and money, and I would say maybe that's part of the process that they have to go through in the beginning, if they give up then yes I agree to the statement of wasting time and money, because they're already munder before the returns happen.

Honestly, I also wouldn't encourage anyone to invest or save, because yes I think it will come back to their belief and trust in terms of managing their money, if they want to get an increase in their money then yes they can invest but also by agreeing to the risks that are there, it will not always be profitable because obviously investment is always related to the level of risk. Losing millions of dollars? Yes I think it's one of the experiences of the rich that makes them even richer when they can get through such conditions, learning from mistakes is always the best thing, and maybe that's what successful billionaires apply.

Whether you would really be taking up risks or not then its up to you and its true that taking up risks doesnt guarantee of success on which it would really be just that giving whether positive or negative.
If we do talk about saving money then it should really be that standard since we do know that there are situations in life on which we know that it cant be expected on which you would be needing up that kind of allocated funds when emergency do happen. This is why management of funds is really that crucial then you should really be that wise whether you should be going all in with investment or would really be having that split up on which i could say that this would be the wisest decision to be made.

There's no need on cracking codes or whatsoever which considering that saving is really that something in default. On doing that then you should not be that too careless on spending on things
because if you do then you would really be that falling short and the worst you would really be that experiencing unfortunate conditions which we dont really like
for it to happen into us. This is why better be mindful of the risks and outcomes later on and with this then you could reassess on whatever decisions that you might be making
and trying to look back if its worth or not.

[Youngkhngdiddy]

Part of saving money is setting a budget and separating everything. There will be times in your life where you have to spend some unnecessary money on friends and family. The best way to stick to your goals is to avoid such situations understanding these types of expenses will increase your savings. So control unnecessary expenses with frugal attitude saving is an important habit for many reasons as it helps you manage financial stress to cover future expenses and plan for vacations. Understanding the different qualities of savings can motivate you to save more. Can help keep you on track by avoiding unnecessary spending achieving financial goals and increasing your savings.

 Spending on family should be considered a waste after all we are all striving and working hard just to make sure our family is okay, personally I am more of the family person, I can go any length to put a smile on their face, when I’m in the position to help and I can help, I won’t hesitate to help. What is the essence of saving if not for emergency and maybe a plan you’re yet to set in motion. Will you tell me if a member in your family is in need of help urgently and you’re in the position to help. Will you decline is request just because you’re saving and keeping to budget ? Unless you’re not the family type or you just  lack empathy and being inconsiderate.
 I think I cracked the code of saving money in my own way, my methods are simple, I have different accounts for different purpose, my spending account for my daily expenses, I also have a savings account which I rarely go to because I make sure I don’t go zero on my spending account. I also make sure money goes into the saving accounts on a daily basis no matter the amount that goes in it’s something. Another way is by having multiple streams of income, with multiple streams of income coming you will have more than enough to save. I prefer ti save in dollars instead rather than saving in bank, saving in dollars has a huge advantage than saving in bank.

[Casdinyard]

I say you look into saving money first before going for your expenses. Especially if you're a middle-class income earner. If you're finding it hard to save money, cut the middleman and save money before it becomes hard by automatically allocating some of your salary and then working on what was left for your expenses. I've done this and it's not so hard on my spending habits either, I was even able to allocate some of my money to reinvest into crypto, so it's possible by all degrees if you're going to have the discipline to follow through with it.

Most banks nowadays have these autosave feature that automatically takes from your bank account a certain amount each month. Use that, use autopay as well for your bills so you pay them on time, and then, don't go on dates every month if you have a partner.

[junder]

Billionaires have said poor people save money while rich people invest their money. Well, from that point of view we can clearly see differences and it's possible outcome. Saving money is much better than wasting it but investing it to something that will gave us more than the amount we save is the best and wisest choice.

But in many cases investing is wasting. Especially investing in something that seemingly will provide you with high yield. I wouldn't encourage people to invest instead of just saving. Those billionaires you've mentioned in the beginning they usually lose millions on the wrong investments before finding something profitable. Regular people can't afford that.

Yes that may be true, if we look at the many cases that occur about those who are wrong in terms of allocating money for investment then there will definitely be cases that occur or befall them, but I don't think it will always be like that, maybe this is just a matter of their lack of knowledge in the field and also of course following by not paying too much attention to the level of risk that can befall them. So maybe I think that's one of the reasons why they invest but in the end it's like a waste of time and money, and I would say maybe that's part of the process that they have to go through in the beginning, if they give up then yes I agree to the statement of wasting time and money, because they're already munder before the returns happen.

Honestly, I also wouldn't encourage anyone to invest or save, because yes I think it will come back to their belief and trust in terms of managing their money, if they want to get an increase in their money then yes they can invest but also by agreeing to the risks that are there, it will not always be profitable because obviously investment is always related to the level of risk. Losing millions of dollars? Yes I think it's one of the experiences of the rich that makes them even richer when they can get through such conditions, learning from mistakes is always the best thing, and maybe that's what successful billionaires apply.

Whether you would really be taking up risks or not then its up to you and its true that taking up risks doesnt guarantee of success on which it would really be just that giving whether positive or negative.
If we do talk about saving money then it should really be that standard since we do know that there are situations in life on which we know that it cant be expected on which you would be needing up that kind of allocated funds when emergency do happen. This is why management of funds is really that crucial then you should really be that wise whether you should be going all in with investment or would really be having that split up on which i could say that this would be the wisest decision to be made.

There's no need on cracking codes or whatsoever which considering that saving is really that something in default. On doing that then you should not be that too careless on spending on things
because if you do then you would really be that falling short and the worst you would really be that experiencing unfortunate conditions which we dont really like
for it to happen into us. This is why better be mindful of the risks and outcomes later on and with this then you could reassess on whatever decisions that you might be making
and trying to look back if its worth or not.

Although taking risks does not guarantee success, in my opinion this is one way to take steps forward, I admit that people who take risks are brave people. Because people like this have the courage to try with the risks they will face, however, we ourselves will determine all the choices and steps for the next time only we choose, suggestions and input from people are just a consideration. Everyone doesn't want problems that suddenly come, but who knows. By having savings, I think maybe it will be useful at times like this, so that when we are in a situation like this it is less likely that we will link other people because those of us who do not have savings can just borrow here and there.

I spend my money according to what I need not what I want, but most people spend their money on what they want even though the function and role of the items they buy are not that important. Before doing something that will produce even with the risk, I think I myself must have thought about it first because everyone knows that no one wants a loss, but of course with careful thought, there must be a risk. So I think it's natural that there are risks that we will face because basically everything must have its own risks.

[mirakal]

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.)

Stay at home most often if you want to avoid expenses like eating on fancy restaurants, or shopping on malls. What you want to do today might not be the same thing tomorrow. That’s one way of saving. Also, live life within your means. Do not spend above your income, otherwise you’ll end up having a lot of debt. Lastly, learn to invest more than saving a lot. Your savings has rare chances to grow, but when you invest, your capital might be double or triple in time as long as you invest on those high potentials to succeed. Hence, you will be more capable to save if you have a sustainable investment on the side.

[shinratensei_]

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.)

Stay at home most often if you want to avoid expenses like eating on fancy restaurants, or shopping on malls. What you want to do today might not be the same thing tomorrow. That’s one way of saving. Also, live life within your means. Do not spend above your income, otherwise you’ll end up having a lot of debt. Lastly, learn to invest more than saving a lot. Your savings has rare chances to grow, but when you invest, your capital might be double or triple in time as long as you invest on those high potentials to succeed. Hence, you will be more capable to save if you have a sustainable investment on the side.

also needs to keep in mind though, investment doesn't necessarily always results in success, its essential to choose investment based on fundamental, the only investment thats safe are investment that gives really low yield or return, therefore investment like bank deposits and so on, don't expect to get rich from it but instead expect it to at least give additional capital growth on top of combating the curent inflation.
but whats more important is to increase income, can't expect to save because the salary increase right now aren't really on par with the inflation increase therefore the disparity between the price of the goods and our purchasing power will get more bigger and bigger, thats just how bad it is the current condition for people with low income, its just increasing income is the only way.

[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.
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.)

Stay at home most often if you want to avoid expenses like eating on fancy restaurants, or shopping on malls. What you want to do today might not be the same thing tomorrow. That’s one way of saving. Also, live life within your means. Do not spend above your income, otherwise you’ll end up having a lot of debt. Lastly, learn to invest more than saving a lot. Your savings has rare chances to grow, but when you invest, your capital might be double or triple in time as long as you invest on those high potentials to succeed. Hence, you will be more capable to save if you have a sustainable investment on the side.

also needs to keep in mind though, investment doesn't necessarily always results in success, its essential to choose investment based on fundamental, the only investment thats safe are investment that gives really low yield or return, therefore investment like bank deposits and so on, don't expect to get rich from it but instead expect it to at least give additional capital growth on top of combating the curent inflation.
but whats more important is to increase income, can't expect to save because the salary increase right now aren't really on par with the inflation increase therefore the disparity between the price of the goods and our purchasing power will get more bigger and bigger, thats just how bad it is the current condition for people with low income, its just increasing income is the only way.

I agree. Don't be complacent for what you currently earn especially if you know that it's just enough for the monthly expenses. Looking for opportunity to have another source to earn money is always wise, this is to increase the earnings and to be able to save money. Anyway, I don't consider bank deposit as an investment since the annual interest is too low and not worth it (at least for me).

Hence, I better look for other opportunities to invest. Of course it's not going to be easy and there are times you'll fail, but keep trying and stick to an investment where you have knowledge about and not just you're taking risk without knowing what you're getting into. Nevertheless, always have self-discipline to control how you spend your money.

[barisbilgili]

I agree. Don't be complacent for what you currently earn especially if you know that it's just enough for the monthly expenses. Looking for opportunity to have another source to earn money is always wise, this is to increase the earnings and to be able to save money. Anyway, I don't consider bank deposit as an investment since the annual interest is too low and not worth it (at least for me).

Hence, I better look for other opportunities to invest. Of course it's not going to be easy and there are times you'll fail, but keep trying and stick to an investment where you have knowledge about and not just you're taking risk without knowing what you're getting into. Nevertheless, always have self-discipline to control how you spend your money.

By having an income that can only cover a month's needs, of course we have to look for additional income to be able to save because if we have an income that is only enough for a month's needs and don't have savings for emergency needs, it will certainly be very difficult for us if we get unexpected needs, of course we have to take on debt to meet these needs.
If we choose to invest, of course we have to do it consistently and also use strategies in the investments we make to gain profits. Yes, you are right, we have to keep control of our expenses so we don't use them for things that are not important.

[uswa56]

By having an income that can only cover a month's needs, of course we have to look for additional income to be able to save because if we have an income that is only enough for a month's needs and don't have savings for emergency needs, it will certainly be very difficult for us if we get unexpected needs, of course we have to take on debt to meet these needs.
If we choose to invest, of course we have to do it consistently and also use strategies in the investments we make to gain profits. Yes, you are right, we have to keep control of our expenses so we don't use them for things that are not important.

Logically we can only save when all our living needs have been met, so there are several steps we must take first to be able to achieve our desired goal, namely being able to save.
Regarding earning extra money because the main income is only able to meet life's needs, we will have additional tasks and we have to do that because it is impossible to live by just watching without making any progress.
Do extra work to have more income, then apply strategies in life to be able to save or invest, those are different plans in my opinion, the most important thing is that we have to have more money first to be able to do all these things.

[dezoel]

Planning for a vacation is I think still part of unnecessary spending but again if it's done with our family I think it's fine. I guess it's not bad to treat our selves and our love once even for rare occasions.

Any person who has a family basically works and earns money so that they can provide for them and make them happy and to make them happy one needs money, for sure. So planning vacations, celebrating special days, and occasionally going out, are all important things that are supposed to be done and you can't skip these things just so that you can save some money, you need to skip things that are extra and that aren't necessary in order to get to have some money left at the end of the month.

That's why, one should never compromise on important things and things that make them and their families happy and they should think of other ways that they can use to save money. If they think they can't do it with a single job, they should try and start doing some side job or something that can earn them something extra.

[libert19]

By savings first and spending from interest earned from your savings, I read this somewhere on the Internet and it's stuck with me ever since,  I find it true from my personal experience as well. Interest might not be enough but what one could do is increase savings further and further until interest is good enough to sustain oneself.

[CageMabok]

By savings first and spending from interest earned from your savings, I read this somewhere on the Internet and it's stuck with me ever since,  I find it true from my personal experience as well. Interest might not be enough but what one could do is increase savings further and further until interest is good enough to sustain oneself.

It is also a better solution if someone is able to increase the interest to use it in life, because this can also influence the savings side to become bigger and swell. However, trying to increase interest more in life through savings is also not an easy matter now, considering that currently it is still difficult for some people to increase savings. So it will also make them experience difficulties in increasing the interest to be bigger for them to use in their own lives, even though this is a pretty good solution to do for those who can afford it.

[Assface16678]

I saw this tip on how to save money on social media. It says that if you receive your salary before anything else or before distributing your expenses and such, the first thing you will do is allocate an amount to your savings, and after that, you can distribute it to other things, such as bills or other things you will spend. or you can spend quite an amount in investment, of course, with sure profit, like trading. That's what I do; the profit I earn from trading will go straight to my savings; if not, then in another section of my budget. In short, you can't save much from your salary, so find another side hustle that will add up a profit and also add up your savings. Don't settle for less; keep on striving and finding a way to have a better life and bigger savings. That's what I learned.

[Betwrong]

Billionaires have said poor people save money while rich people invest their money. Well, from that point of view we can clearly see differences and it's possible outcome. Saving money is much better than wasting it but investing it to something that will gave us more than the amount we save is the best and wisest choice.

But in many cases investing is wasting. Especially investing in something that seemingly will provide you with high yield. I wouldn't encourage people to invest instead of just saving. Those billionaires you've mentioned in the beginning they usually lose millions on the wrong investments before finding something profitable. Regular people can't afford that.

Yes that may be true, if we look at the many cases that occur about those who are wrong in terms of allocating money for investment then there will definitely be cases that occur or befall them, but I don't think it will always be like that, maybe this is just a matter of their lack of knowledge in the field and also of course following by not paying too much attention to the level of risk that can befall them. So maybe I think that's one of the reasons why they invest but in the end it's like a waste of time and money, and I would say maybe that's part of the process that they have to go through in the beginning, if they give up then yes I agree to the statement of wasting time and money, because they're already munder before the returns happen.

Of course it can't be always like that. We can talk only about probabilities. How probable is that your investment will fail? That's what everyone should think about before investing in anything. If you just think, "everyone fails with that but I will not", that's hardly a good way of thinking.

Saving money in your local currency, especially if you live in a troubled country, is very risky. I'd say, maybe it's riskier than investing in an established business. But saving in USD is probably more safe than anything else. USD can lose it's purchasing power with time, sure, but not to such an extent that it would be a disaster.

[doomloop]

I saw this tip on how to save money on social media. It says that if you receive your salary before anything else or before distributing your expenses and such, the first thing you will do is allocate an amount to your savings, and after that, you can distribute it to other things, such as bills or other things you will spend.

What about those who don't earn a lot? Someone with a limited salary cannot separate a specific percentage from it for savings and then spend the rest on other things because the rest might not be enough. If you earn $1,000 a month and have expenses that covers almost the whole amount or even higher sometimes, you can't have much savings or any savings in that case.

In short, you can't save much from your salary, so find another side hustle that will add up a profit and also add up your savings. Don't settle for less; keep on striving and finding a way to have a better life and bigger savings. That's what I learned.

Exactly, it is not always possible for everyone to be able to save money from the salary you get, that's why it becomes necessary to find an extra source of income, something that will earn you some money that you can use either for your savings or add it up to your budget and take a percentage out from the total for your savings.

[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 first step for people thinking about saving is to get out of debt, because that's the starting point for so many people. Holding debt while trying to save can often leave you worse off, if you're paying 20% per year on a credit card balance but have a small amount of "savings" earning 5% then you should direct all those funds to bringing down the balance first, otherwise you've just got the illusion of savings that is costing you more. You should target your most expensive debt first and clear that, but possibly consolidate where you can. Increasing your earnings is one way to boost your spending, but you should also occasionally re-evaluate how you are spending money too and cut back on excess until debt is paid off.

[Betwrong]

I saw this tip on how to save money on social media. It says that if you receive your salary before anything else or before distributing your expenses and such, the first thing you will do is allocate an amount to your savings, and after that, you can distribute it to other things, such as bills or other things you will spend.

What about those who don't earn a lot? Someone with a limited salary cannot separate a specific percentage from it for savings and then spend the rest on other things because the rest might not be enough. If you earn $1,000 a month and have expenses that covers almost the whole amount or even higher sometimes, you can't have much savings or any savings in that case.

Some people earn even less than that, and it's extremely hard for them to save something. You know what, I was one of those people during some period of time, for years actually. And I can tell this much: if you earn so little,  you never give saving a thought even. You just live. You are happy you can buy a loaf of bread, and if you can "save" to buy a bus ticket to not be walking for two hours to your home, you are super happy.