Cracking the Code of Saving Money...

[red4slash]

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.

Surely we cannot generalize all the abilities that each person has. I also often hear people say that they don't want to start saving and have savings, but circumstances force them to and they can't do it. Before thinking about this, I think we must first take steps where our financial situation is stable or at least we must have a decent income first, whether it's finding a better job or building a business.
I was once in a situation where even being able to eat was a joy, because the situation was very difficult at the time. But when I had a decent and stable income, I was able to start thinking about saving money or even like now, getting into the investment space.

[btc78]

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.

$1000 is a crazy example of course i know the cost of living is different for each country but if you’re earning $1000/month in my country you’re definitely well off or at least comfortable enough and unless you have children you’re probably not gonna be able to spend all that and not save a little bit

18% of the people in my country live as low income and gets not even half of $1000 usd  if you’re struggling to save with a salary of $1000 imagine how hard it is to save for those with less than that

[Dr.Bitcoin_Strange]

In my country, there's something they call a p2p contribution. It is normally organized by just common people, so they can decide to get more people who are very interested and capable of holding the contribution until it is concluded.

In this kind of p2p contribution I am talking about, if they have like 100 people that have agreed to work together for one goal, they will all agree on the amount that each person can contribute each day.

Let's say there are 100 people, and they have decided to contribute $5 each every day. They will then choose a Treasurer that will be in charge of the fund. So, the process is that after everyone has contributed for the first day, the treasurer will give the $500 to one of the contributors. The next day too, another contributor will take the whole money ($500) after they've all contributed. The trend continues from the first person until the last 100th person. If it's a p2p contribution of 100 people, that means it's going to last for 100 days (about 3 months and a week).

So, if each person is contributing $5 x 100 people, that's $500 that one of the contributors will take each day and the next day another will take.

The reason why they do this P2P contribution is to help those who cannot gradually save up money to be able to have a lump sum of $500 at once, and the person can possibly use the money to start a business or an investment that will be profitable.

OP and anyone who is reading this post, if you did understand what I explained, that's one way to save a small amount of money each day, and when it's your turn to take it, you will have all the money in a lump sum.

[Youngkhngdiddy]

Surely we cannot generalize all the abilities that each person has. I also often hear people say that they don't want to start saving and have savings, but circumstances force them to and they can't do it. Before thinking about this, I think we must first take steps where our financial situation is stable or at least we must have a decent income first, whether it's finding a better job or building a business.
I was once in a situation where even being able to eat was a joy, because the situation was very difficult at the time. But when I had a decent and stable income, I was able to start thinking about saving money or even like now, getting into the investment space.

   Saving your money is a good step towards managing money wisely. But that's only the first step. Before we dive deep into it, let's first look at how you should not save money. If you're saving money in the form of cash, it's not a wise decision. When you save money in cash for a long period of time, you're ensuring that you get less money than you saved. Confused? Let me explain. When you save money in cash for a long period of time, the amount remains the same but the market is constantly evolving so due to inflation the true value of your money decreases.
  A financially literate person would never make save their money in the form of cash. Now you must be thinking, “so what would be the best way to save money?” The answer to this question depends on you. You have various choices and every choice comes with its risks and rewards. You know your situation better than anyone else so, you would understand which option is best suited for you. You can keep your savings in a bank or better still invest with it that way you'll get some interest on your money and you'll be able to access your money whenever you want.

[flyingcarpet]

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.

People who can save money and use it well are very lucky. Not everyone has the opportunity to save. Some people cannot even think about saving because they do not have the income to save. Often people with low incomes choose to save when their income increases because they realize the importance of saving because they couldn't do it before.

Sometimes life gives us the chance to learn things. In such cases, we need to improve ourselves and take advantage of the opportunities that arise. Saving is something that every person should do if they can.

[taufik123]

-snip-
OP and anyone who is reading this post, if you did understand what I explained, that's one way to save a small amount of money each day, and when it's your turn to take it, you will have all the money in a lump sum.

Totally understand the P2P Contribution method you are referring to.
In my country it is called "ARISAN", we will save money within a certain time, it can be every day, every week or even every month with an agreed amount.
But this will go through a drawing process so that it will be selected who is entitled to receive the money in the first, second, third session and so on.

This will run for a period of time that has been determined at the beginning, even if it is done every week it will last for years depending on how many members participate.

My wife is even participating in it right now and it's been running for about a couple of months with weekly payments.

[franky1]

list of tips(some mentioned in topic by others)
1. before anything have 2 accounts. one to receive pay and one which has best interest rates you can find. actually use some time finding best account
2. before spending any income. allocate a sum you want to save. and set up an auto-payment on pay-day to go to the best interest account

to work out an acceptable amount to save, do this
3. open a spreadsheet and write down every bill/expense.
4. work out(from 3) whats a NEED and what is a WANT
5. look at if there is any way to cut down the costs of needs and then what wants you can do without
6. when thinking about wants(from5) think about what is a "5 minute smile" and what is a "5 year memory"
7. only concentrate on keeping some of the wants that keep you happy,solve a problem, serve a promise longer than a "5 minute smile"

alot of people can make coffee at home for $0.50 but want the "5 minute happy" of buying a $5 starbucks
alot of people then do not realise that $5 a day, is $25 during working business days. which is.. wait for it $260 a year

alot of people can make food at home for $2.00 but want the "5 minute happy" of buying a $20 fast food delivery
alot of people then do not realise that $20 a day, is $140 during full week. which is.. wait for it $7280 a year

spending $2.50 on food and coffee a day instead of $22 a day can save you $7520 a year
$22 a day on things that become a toilet flush 6 hours later. turn into $669 a month of toilet flushes
$22 a day($669) was just  2 hours, 30minutes per month of happy moments. (30x5minute "happies")

ask yourself, is that $669 a month example really worth under 3 hours of temporary non lasting moments

if you could put $7520 a year($669 a month) into a 5% savings account
year    deposited   bank balance  interest%   interest$
1   $7,520.00      $7,520.00         5           $376.00
2   $7,520.00      $15,416.00       5           $770.80
3   $7,520.00      $23,706.80       5           $1,185.34
4   $7,520.00      $32,412.14       5           $1,620.61
5   $7,520.00      $41,552.75       5           $2,077.64
6   $7,520.00      $51,150.38       5           $2,557.52
7   $7,520.00      $61,227.90       5           $3,061.40
8   $7,520.00      $71,809.30       5           $3,590.46
9   $7,520.00      $82,919.76       5           $4,145.99
10  $7,520.00      $94,585.75       5           $4,729.29

i know my examples above are economics of UK/US style of living. so everyone else can do their own math and see their own numbers and work things out in their own native currency/cost of living ratios

actually get out a spreadsheet and work it out. it will put the numbers into a reality you can think about properly if you can see it in your face

and thats just an example for changing your coffee/fastfood habit.
now look again at your needs costs. and see if you can save.
EG downsize house.
EG re-arrange rent/mortgage for better rate
EG find better deals for utilities
EG see if you are wasting water/energy in the home to reduce bills

then look how much that saving can accumulate

once you see how much you can accumulate it will energise you more to stick to the plan
dont give up things that make you happy. just think about how much is acceptable happiness. dont think of keeping the 5 minute happies, its not worth it. its better to save up and truly enjoy the "happies" that form long term great memories

EG giving up cafe served coffee/fast food for 6 months means you can go on an all inclusive vacation of many happy memories
remember coffee/fast food just becomes a toilet flush 6 hours after buying it. and the bathroom wont remember it the next day

more tips:
8. look into ways of increasing your income
EG over time/extra hours
EG second job/side hustle
EG promotion via skilling up
EG change job to better paid job with different company
EG just asking for a pay rise due to inflation, your work effort/loyalty to business, lack of sickness, late of lateness, productivity

[Betwrong]

~

Surely we cannot generalize all the abilities that each person has. I also often hear people say that they don't want to start saving and have savings, but circumstances force them to and they can't do it. Before thinking about this, I think we must first take steps where our financial situation is stable or at least we must have a decent income first, whether it's finding a better job or building a business.
I was once in a situation where even being able to eat was a joy, because the situation was very difficult at the time. But when I had a decent and stable income, I was able to start thinking about saving money or even like now, getting into the investment space.

Good for you! Be careful with your investments, though. Sometimes a bit of saving is enough to feel secure financially and enjoy your life. Will you be able to enjoy your life having invested a big amount in something is a big question. After all, for what do we need money if not for enjoying our life?

~

Sometimes life gives us the chance to learn things. In such cases, we need to improve ourselves and take advantage of the opportunities that arise. Saving is something that every person should do if they can.

That's right, if they can. If you feel that after saving you will have less money to spend on food than you need, than you can't save.

[SOKO-DEKE]

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.)

Although it may seem difficult, saving money is achievable with the right plan. Assume you are receiving $1k every month from your employment.is just to plan for it. As soon as you receive your money, the first thing you should do if you receive the money is to remove amount you are capable of saving and transfer it into your savings account. You will then be left with balance still set away little amount for emergencies is a smart idea.The distinction between needs and wants must now be understood. Consumables such as food are necessities. wants are something you'd want to have but can live without. Reducing wants is crucial for financial conservation. Prior to spending the emergency you set aside for emergencies, even in case of an emergency, make sure it's totally essential.

Being well prepared is essential to tackling life's especially in term of having savings.someone ability to save money will increase if you make thoughtful plans and decisions about what you truly need. In light of this, always remember to budget, set aside funds for emergencies and savings, and carefully consider what you actually need. In this manner, managing your money sensibly will come naturally to you!

[arimamib]

Surely we cannot generalize all the abilities that each person has. I also often hear people say that they don't want to start saving and have savings, but circumstances force them to and they can't do it. Before thinking about this, I think we must first take steps where our financial situation is stable or at least we must have a decent income first, whether it's finding a better job or building a business.
I was once in a situation where even being able to eat was a joy, because the situation was very difficult at the time. But when I had a decent and stable income, I was able to start thinking about saving money or even like now, getting into the investment space.

   Saving your money is a good step towards managing money wisely. But that's only the first step. Before we dive deep into it, let's first look at how you should not save money. If you're saving money in the form of cash, it's not a wise decision. When you save money in cash for a long period of time, you're ensuring that you get less money than you saved. Confused? Let me explain. When you save money in cash for a long period of time, the amount remains the same but the market is constantly evolving so due to inflation the true value of your money decreases.
  A financially literate person would never make save their money in the form of cash. Now you must be thinking, “so what would be the best way to save money?” The answer to this question depends on you. You have various choices and every choice comes with its risks and rewards. You know your situation better than anyone else so, you would understand which option is best suited for you. You can keep your savings in a bank or better still invest with it that way you'll get some interest on your money and you'll be able to access your money whenever you want.

Saving money in cash is not a wise long-term financial strategy due to the effects of inflation. Inflation is the gradual erosion of the purchasing power of money, meaning that the same amount of money can buy less goods and services over time. As inflation increases, the purchasing power of cash decreases, and the value of your savings erodes.

It is important to remember that there is no guarantee of investment returns. However, by investing your money in a diversified portfolio of assets, you can increase your chances of beating inflation and achieving your long-term financial goals. While investments carry inherent risks, diversifying your portfolio across various asset classes can help mitigate these risks and increase your chances of outpacing inflation and achieving long-term financial objectives.

[barisbilgili]

People who can save money and use it well are very lucky. Not everyone has the opportunity to save. Some people cannot even think about saving because they do not have the income to save. Often people with low incomes choose to save when their income increases because they realize the importance of saving because they couldn't do it before.

Sometimes life gives us the chance to learn things. In such cases, we need to improve ourselves and take advantage of the opportunities that arise. Saving is something that every person should do if they can.

Saving money is very important, even though we have a lot of income, we can save and also invest, because there are still some people who have a small income and only enough for their daily needs and they cannot save some of the income they have, it is important for We need to be able to manage our expenses well so we can have savings, because if we don't have savings then we will have difficulty when we need funds that we can't foresee, of course we need to look for a loan to be able to meet these needs.

[angrybirdy]

People who can save money and use it well are very lucky. Not everyone has the opportunity to save. Some people cannot even think about saving because they do not have the income to save. Often people with low incomes choose to save when their income increases because they realize the importance of saving because they couldn't do it before.

Sometimes life gives us the chance to learn things. In such cases, we need to improve ourselves and take advantage of the opportunities that arise. Saving is something that every person should do if they can.

Saving money is very important, even though we have a lot of income, we can save and also invest, because there are still some people who have a small income and only enough for their daily needs and they cannot save some of the income they have, it is important for We need to be able to manage our expenses well so we can have savings, because if we don't have savings then we will have difficulty when we need funds that we can't foresee, of course we need to look for a loan to be able to meet these needs.

It always depends in the state of a person's life, not everyone has a capability to save while having investments because As a person who's living pay check to pay check. their generated income is enough for them to sustain their daily and monthly necessities. If you're a person who's having a good and comfortable life, it is applicable for you to have savings and investment at the same time without worrying about where you'll get the money you're going to use on them. I advice to everyone that even if you're experiencing difficulties in your finances, try your best to consistently save money even for a small amount.

[Peanutswar]

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 effective ways to save up money is to have control and discipline its useless if you want to earn money but you are one of the impulsive buyer that once you see is you want to immediately bought that thing and also one of the major factor is the lifestyle inflation this is one of the top reason why people cant save money because they have now a large amount of money and of course their lifestyle increase too they keep spending a lot of money buying foods, clothes and other wants because they can now "afford" unlike before and they keep thinking that with that large amount of money they can earn again or get paid again. Still ideal to use the system of 50-30-20 or even the 60-20-20 it depends on you how you manage. Its better to save than nothing not all things were in favor in ours there's a time that we will experience the life of chaos.

[Altryist]

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.

During student years, few people could save anything, but when work appears, then everything changes. Sometimes we need to go through difficult times in order to appreciate what we have now, more. I tried to save some part of my profit whenever I had such an opportunity, it became some kind of habit for me. In fact, I think that this became some kind of trigger for me, like a desire to exclude something like this in the future.

[wajik-tempe]

list of tips(some mentioned in topic by others)
1. before anything have 2 accounts. one to receive pay and one which has best interest rates you can find. actually use some time finding best account
2. before spending any income. allocate a sum you want to save. and set up an auto-payment on pay-day to go to the best interest account

to work out an acceptable amount to save, do this
3. open a spreadsheet and write down every bill/expense.
4. work out(from 3) whats a NEED and what is a WANT
5. look at if there is any way to cut down the costs of needs and then what wants you can do without
6. when thinking about wants(from5) think about what is a "5 minute smile" and what is a "5 year memory"
7. only concentrate on keeping some of the wants that keep you happy,solve a problem, serve a promise longer than a "5 minute smile"

alot of people can make coffee at home for $0.50 but want the "5 minute happy" of buying a $5 starbucks
alot of people then do not realise that $5 a day, is $25 during working business days. which is.. wait for it $260 a year

alot of people can make food at home for $2.00 but want the "5 minute happy" of buying a $20 fast food delivery
alot of people then do not realise that $20 a day, is $140 during full week. which is.. wait for it $7280 a year

spending $2.50 on food and coffee a day instead of $22 a day can save you $7520 a year
$22 a day on things that become a toilet flush 6 hours later. turn into $669 a month of toilet flushes
$22 a day($669) was just  2 hours, 30minutes per month of happy moments. (30x5minute "happies")

ask yourself, is that $669 a month example really worth under 3 hours of temporary non lasting moments

if you could put $7520 a year($669 a month) into a 5% savings account
year    deposited   bank balance  interest%   interest$
1   $7,520.00      $7,520.00         5           $376.00
2   $7,520.00      $15,416.00       5           $770.80
3   $7,520.00      $23,706.80       5           $1,185.34
4   $7,520.00      $32,412.14       5           $1,620.61
5   $7,520.00      $41,552.75       5           $2,077.64
6   $7,520.00      $51,150.38       5           $2,557.52
7   $7,520.00      $61,227.90       5           $3,061.40
8   $7,520.00      $71,809.30       5           $3,590.46
9   $7,520.00      $82,919.76       5           $4,145.99
10  $7,520.00      $94,585.75       5           $4,729.29

i know my examples above are economics of UK/US style of living. so everyone else can do their own math and see their own numbers and work things out in their own native currency/cost of living ratios

actually get out a spreadsheet and work it out. it will put the numbers into a reality you can think about properly if you can see it in your face

and thats just an example for changing your coffee/fastfood habit.
now look again at your needs costs. and see if you can save.
EG downsize house.
EG re-arrange rent/mortgage for better rate
EG find better deals for utilities
EG see if you are wasting water/energy in the home to reduce bills

then look how much that saving can accumulate

once you see how much you can accumulate it will energise you more to stick to the plan
dont give up things that make you happy. just think about how much is acceptable happiness. dont think of keeping the 5 minute happies, its not worth it. its better to save up and truly enjoy the "happies" that form long term great memories

EG giving up cafe served coffee/fast food for 6 months means you can go on an all inclusive vacation of many happy memories
remember coffee/fast food just becomes a toilet flush 6 hours after buying it. and the bathroom wont remember it the next day

more tips:
8. look into ways of increasing your income
EG over time/extra hours
EG second job/side hustle
EG promotion via skilling up
EG change job to better paid job with different company
EG just asking for a pay rise due to inflation, your work effort/loyalty to business, lack of sickness, late of lateness, productivity

Your comprehensive list of suggestions offers a sensible and systematic strategy to conserving money, emphasizing the significance of differentiating between requirements and wants. The daily coffee and fast food spending eloquently demonstrate the potential long-term consequences of tiny, consistent expenditures. It is critical to cultivate a mindset of careful spending and discriminating between needs and wants. Reevaluating your budget and financial objectives on a regular basis ensures that your savings strategy stays flexible and aligned with your changing priorities.

[Mahanton]

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 effective ways to save up money is to have control and discipline its useless if you want to earn money but you are one of the impulsive buyer that once you see is you want to immediately bought that thing and also one of the major factor is the lifestyle inflation this is one of the top reason why people cant save money because they have now a large amount of money and of course their lifestyle increase too they keep spending a lot of money buying foods, clothes and other wants because they can now "afford" unlike before and they keep thinking that with that large amount of money they can earn again or get paid again. Still ideal to use the system of 50-30-20 or even the 60-20-20 it depends on you how you manage. Its better to save than nothing not all things were in favor in ours there's a time that we will experience the life of chaos.

Being impulsive would really be leading you nowhere because in the end of the day you would really be that spending up tons on something which is useless and there's no way that you cant really be able
to save up. This is why it would really be pointless on trying to be one if you cant really be able to control that spending urge knowing that each person does have their own level when it comes to spending.If you are that someone whose really that minding about future or something that do talks about on things that might happen ahead then you would really be that basically be trying out to prepare on what are the things that you  are dealing with. You wont really be finding yourself to be that impulsive spender.

Cracking up the code? There's no need of cracking if you are really just that sensible on what you are trying to do. If you do want to save then mean it, then
do those things which is according into your plan.  Its hard but its not impossible!

[Nalain420]

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 effective ways to save up money is to have control and discipline its useless if you want to earn money but you are one of the impulsive buyer that once you see is you want to immediately bought that thing and also one of the major factor is the lifestyle inflation this is one of the top reason why people cant save money because they have now a large amount of money and of course their lifestyle increase too they keep spending a lot of money buying foods, clothes and other wants because they can now "afford" unlike before and they keep thinking that with that large amount of money they can earn again or get paid again. Still ideal to use the system of 50-30-20 or even the 60-20-20 it depends on you how you manage. Its better to save than nothing not all things were in favor in ours there's a time that we will experience the life of chaos.

In my opinion, saving is very necessary is life if someone wants to enjoy his life and he want to be safe for future. Any disaster can happen at any time,no one knows the future and future can be worse than today better than today. But one should remain  his feet in his cloak . Because there are many people who are very poor than us and there are also many people who are very richer than us. One should see a person who is low than us ,we need only two time food to stay alive in life. One can save his money by select a fixed amount for future. It depends on one's income. If someone is job holder ,he should  separate 25 percent of his income. This money will help him in worst time.

[stomachgrowls]

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 effective ways to save up money is to have control and discipline its useless if you want to earn money but you are one of the impulsive buyer that once you see is you want to immediately bought that thing and also one of the major factor is the lifestyle inflation this is one of the top reason why people cant save money because they have now a large amount of money and of course their lifestyle increase too they keep spending a lot of money buying foods, clothes and other wants because they can now "afford" unlike before and they keep thinking that with that large amount of money they can earn again or get paid again. Still ideal to use the system of 50-30-20 or even the 60-20-20 it depends on you how you manage. Its better to save than nothing not all things were in favor in ours there's a time that we will experience the life of chaos.

In my opinion, saving is very necessary is life if someone wants to enjoy his life and he want to be safe for future. Any disaster can happen at any time,no one knows the future and future can be worse than today better than today. But one should remain  his feet in his cloak . Because there are many people who are very poor than us and there are also many people who are very richer than us. One should see a person who is low than us ,we need only two time food to stay alive in life. One can save his money by select a fixed amount for future. It depends on one's income. If someone is job holder ,he should  separate 25 percent of his income. This money will help him in worst time.

You would really be only seeing the relevance of savings on the time that you are on a tough situation but if you arent that experiencing any difficulties then it would really be your least priority on which
its never been that recommendable on doing so. Not in our entire life we wont really be experiencing some emergencies knowing that certain  situations do really happen unexpectedly
specially for emergencies on which it is really needing up that huge amount and it is really that indeed normal that we might be able to fell short with the money that we do have.
This is the time that you would really be trying to see if you have something money left on your bank account or on your own pocket but if you dont see one then this is where you would really be
having those regrets and murmuring that you should have made out some savings.
Life situations do really make out those life lessons on which we might not that all experience this but probabilities are high.So never ever make yourself
neglect out on making some savings because one day it would really be helpful on your part not only on emergencies but also in
investment opportunities too.

[Youngkhngdiddy]

Saving money is very important, even though we have a lot of income, we can save and also invest, because there are still some people who have a small income and only enough for their daily needs and they cannot save some of the income they have, it is important for We need to be able to manage our expenses well so we can have savings, because if we don't have savings then we will have difficulty when we need funds that we can't foresee, of course we need to look for a loan to be able to meet these needs.

   Saving is good as it helps in times when there's nowhere else to turn back to for finance or in times where unforseen circumstances arise. It's very much essential to make saving a part of our financial plans. Although some may find it difficult to start it due to their income level and it'll cause them to many times be stranded financially. They have to look for measures possible to broaden their income and acquire more wealth so they'll have the leisure to make savings.
   Now it's one thing to have money, it's one thing to save and it's one thing to keep up with saving. The decision to save means giving up a lot of comfortable living and sacrificing our satisfaction. Every proper financial oriented person will see saving as very much important and they'll be propelled to ensuring that they see through the period of saving diligently. We need to task ourselves to ensuring that we avoid every form of craving and satisfactory lifestyle that may come in our imagination to cause us to deviate from our saving goals. Set good and attainable financial goals, make proper budgets and first on the budget should always be the savings quota before every other expense. Rainy days will definitely come and we'd be so glad when our savings help us in those times.

[franky1]

other tips are,,
when there is no sudden surprise bill.... PRETEND there is. and put money into an account as if you are paying a surprise bill/debt

then when an emergency comes. dont use a credit card. instead pretend the emergency savings is your credit card. where you got to pay it back +5% extra
every time you take from the account you have to return funds to the account +5%