Cracking the Code of Saving Money...

[Fuso.hp]

Every month before getting salary I plan to spend part of salary for family and keep part for personal expenses and save the rest but at the end of the month I don't see the amount of my savings. I managed to figure out the reason why I can't save but even after finding the reason I can't improve in that area. I have a habit of overspending as well as eating out and traveling a lot, which is why I can't save a certain amount at the end of the month even when I plan. Since saving for the future is very important, I try to limit my spending and avoid the extra expenses that I have. Since I was able to find the reason I will be able to save even if it takes time.

the problem is you are SPENDING FIRST and THEN SAVING at the end of the month
instead: when you get paid . first put money aside for savings
this will then cause you to need to change your habit of over spending

you will start to plan what to do with spending money.
EG not simply book travel, but use price comparison sites to get better deals on travel
EG look at last 3 months of spending. put items into categories and total it up in excel
then think about a TRUE budget for each category thats less than the average of the last few months but still an amount to enjoy each category

then get more then one debit card account and put the budgets of each category into each debit card to properly separate the budgets so your not borrowing/stealing money from one budget to feed the other


be organised at the start of the month.. dont wait until the end of the month to then see what you have left to divide up

Even though savings keeps money aside, at the end of the month I feel that I should spend that money from struggling. I think like this at the end of every month which is why I can't save money permanently even if I put money aside. I have shared some of my bad habits in my previous post, I understand things I should give up but still I can't give up those things. The extra travel costs my bike extra fuel which is an extra expense for me as well as eating out at extra restaurants and staying in hotels on long drives which also cost me a lot of money. I understand that there comes a time in life when I shouldn't move around so much but still I know why I can't actually do this. Maybe I wouldn't have to stress about saving now if I could work the way I think.

[slapper]

Give yourself a percentage or an exact amount on how much you will save per salary you receive. Actually, it's not the amount that counts but it is the strictness of control that you are implementing to yourself. Regardless of how big or small it will be as long as you're setting side every time you receive money, that's what seems to be the important thing.

You can do that every time you earn money from your business, from your salary or anything that you receive as a gift. That's what you need to do and don't think of where you'll spend them quickly because thinking those are very easy to do so and what you have to do is to mind yourself in saving first and then investing next.

Saving without a plan is like sailing without a rudder. To what purpose are you storing cash? Money should be dynamic and work for us economically. While saving is important, I think balance is better. What if we invested 20% of our salary? Our money grows and adapts to the economy this way. We're wired for instant gratification, making "saving first, spending later" difficult. Would it change things if we saw saving as self-care? Consider your savings account as a vacation, startup fund, or emergency fund. Doesn't that inspire? Saving should be seen as a strategy for future success and stability, not just a savings account. A modest mindset shift could lead to a healthier financial existence.

[franky1]

Even though Sanjay keeps money aside, at the end of the month I feel that I should spend that money from struggling. I think like this at the end of every month which is why I can't save money permanently even if I put money aside. I have shared some of my bad habits in my previous post, I understand things I should give up but still I can't give up those things. The extra travel costs my bike extra fuel which is an extra expense for me as well as eating out at extra restaurants and staying in hotels on long drives which also cost me a lot of money. I understand that there comes a time in life when I shouldn't move around so much but still I know why I can't actually do this. Maybe I wouldn't have to stress about saving now if I could work the way I think.

instead of for instance getting $1800 a month(~$15/h : 40 hours/w then taxed). putting $500 aside at start of month. and then spending the other $1300 on bills, groceries and life stuff and run out before the end of the month to need to then touch the $500 to survive the remainder of the month..

learn to budget it all at the start
look over last 3 months of spending. and categorise it in a spreadsheet
actually have a proper deep look at your spending habits and see where the money actually goes
then using multiple bank accounts. set budgets for it

EG if your groceries average $80-$120 a week
set a "grocery account" that only gets a standing order(auto-payment) from main account of $100 each week as a set schedule in your main account settings.
then when you go grocery shopping only take the grocery account card with you. that way it keeps you within your set budget

many people have no issues having 15 credit cards in their wallets for different loyalty SCAMS
but they never organise themselves to have 6 debit cards with set auto-payment limits to help them budget to never need to touch savings/use credit

just try today to look at the last 3 month of bank statements and put it into a spreadsheet. calculate average spending. and ration it out into different accounts

and just this week see how frugal you can be by buying cheaper brands or not buying non-essentials.. test yourself this week.
see what you can learn about yourself this week

challenge yourself this week. test yourself. make it a game/competition

there are other mindset tricks too

for instance if you are paid say $15/h work
if you can do something this week where it takes you an hour of planning/organising/thinking, that saves you $22.50 the you have managed to pay yourself 1 hour of 'overtime' work at time+half

for instance if groceries takes you 45minutes. but purchase deciding whilst in supermaket can take 15 extra minutes
if you can save $15-$22.50 you have just paid yourself to go shopping instead of working for an hour

[passwordnow]

Give yourself a percentage or an exact amount on how much you will save per salary you receive. Actually, it's not the amount that counts but it is the strictness of control that you are implementing to yourself. Regardless of how big or small it will be as long as you're setting side every time you receive money, that's what seems to be the important thing.

You can do that every time you earn money from your business, from your salary or anything that you receive as a gift. That's what you need to do and don't think of where you'll spend them quickly because thinking those are very easy to do so and what you have to do is to mind yourself in saving first and then investing next.

true! The main issue isn't even the amount you are putting saving, consistency matters a lot when it comes to dealing with your saving habit.

You can even decide to be saving a small percentage of your monthly or weekly earnings like 30% and no matter what happens, you know you must save that amount and after you've saved that you can now decide to save the an additional amount in cases when the amount remaining exceeds what you've planned to use it for.

The issue with most people is that they budget a huge percentage of their monthly early as the one they will be saving but at the end of the day, they aren't consistent with their saving because of unplanned demands theat might come along the way.

Yeah, consistency is the key to this practice. When you're too great with small amounts then for sure that you are now able to handle big amounts and you're going to save money no matter what happens. The problem with people that earns a lot that came from bottom earner, the lifestyle is also inflating and instead of saving more is that, they're spending more for their own satisfaction. But that's okay because everyone deserves to feel that type of living when they came from the bottom.

Give yourself a percentage or an exact amount on how much you will save per salary you receive. Actually, it's not the amount that counts but it is the strictness of control that you are implementing to yourself. Regardless of how big or small it will be as long as you're setting side every time you receive money, that's what seems to be the important thing.

You can do that every time you earn money from your business, from your salary or anything that you receive as a gift. That's what you need to do and don't think of where you'll spend them quickly because thinking those are very easy to do so and what you have to do is to mind yourself in saving first and then investing next.

Saving without a plan is like sailing without a rudder. To what purpose are you storing cash? Money should be dynamic and work for us economically. While saving is important, I think balance is better. What if we invested 20% of our salary? Our money grows and adapts to the economy this way. We're wired for instant gratification, making "saving first, spending later" difficult. Would it change things if we saw saving as self-care? Consider your savings account as a vacation, startup fund, or emergency fund. Doesn't that inspire? Saving should be seen as a strategy for future success and stability, not just a savings account. A modest mindset shift could lead to a healthier financial existence.

I reckon the tip of what I have heard a long time ago is that you're not saving money to save money but you are saving money to invest it to any investment or asset that shall appreciate overtime. What type of investment and asset? We're in a bitcoin forum and that's obvious to say but other than that, it depends to what you know as long as you don't invest into those without prior knowledge.

[Mahanton]

Give yourself a percentage or an exact amount on how much you will save per salary you receive. Actually, it's not the amount that counts but it is the strictness of control that you are implementing to yourself. Regardless of how big or small it will be as long as you're setting side every time you receive money, that's what seems to be the important thing.

You can do that every time you earn money from your business, from your salary or anything that you receive as a gift. That's what you need to do and don't think of where you'll spend them quickly because thinking those are very easy to do so and what you have to do is to mind yourself in saving first and then investing next.

Saving without a plan is like sailing without a rudder. To what purpose are you storing cash? Money should be dynamic and work for us economically. While saving is important, I think balance is better. What if we invested 20% of our salary? Our money grows and adapts to the economy this way. We're wired for instant gratification, making "saving first, spending later" difficult. Would it change things if we saw saving as self-care? Consider your savings account as a vacation, startup fund, or emergency fund. Doesn't that inspire? Saving should be seen as a strategy for future success and stability, not just a savings account. A modest mindset shift could lead to a healthier financial existence.

There's should be a balance on which we know that savings does play a crucial role specially on emergency times or the moment we do need up some money. These things or amounts isnt really just that intended for disasters but also could really be used on having some investment on which it would really be possibly be able to add up more income source in case it would be succeeding. It would really be just that depending on a certain individual on how they would really be handling up themselves when it comes to this matter because it isnt really just that hard to save up if you are really that dedicated on saving into or having those kind of plans.
There's no need on cracking code or whatsoever because it does really only need up that kind of common sense and realistic approach on things which needs to be done.

Dont make yourself do able on coming into a point that you dont have any savings and then problem comes, then this is the time that you would really be seeing
this to be that savings are really that important. Dont wait up for such moment to come! So better save than on having those kind of regret.

[electronicash]

Give yourself a percentage or an exact amount on how much you will save per salary you receive. Actually, it's not the amount that counts but it is the strictness of control that you are implementing to yourself. Regardless of how big or small it will be as long as you're setting side every time you receive money, that's what seems to be the important thing.

You can do that every time you earn money from your business, from your salary or anything that you receive as a gift. That's what you need to do and don't think of where you'll spend them quickly because thinking those are very easy to do so and what you have to do is to mind yourself in saving first and then investing next.

Saving without a plan is like sailing without a rudder. To what purpose are you storing cash? Money should be dynamic and work for us economically. While saving is important, I think balance is better. What if we invested 20% of our salary? Our money grows and adapts to the economy this way. We're wired for instant gratification, making "saving first, spending later" difficult. Would it change things if we saw saving as self-care? Consider your savings account as a vacation, startup fund, or emergency fund. Doesn't that inspire? Saving should be seen as a strategy for future success and stability, not just a savings account. A modest mindset shift could lead to a healthier financial existence.

There's should be a balance on which we know that savings does play a crucial role specially on emergency times or the moment we do need up some money. These things or amounts isnt really just that intended for disasters but also could really be used on having some investment on which it would really be possibly be able to add up more income source in case it would be succeeding. It would really be just that depending on a certain individual on how they would really be handling up themselves when it comes to this matter because it isnt really just that hard to save up if you are really that dedicated on saving into or having those kind of plans.
There's no need on cracking code or whatsoever because it does really only need up that kind of common sense and realistic approach on things which needs to be done.

Dont make yourself do able on coming into a point that you dont have any savings and then problem comes, then this is the time that you would really be seeing
this to be that savings are really that important. Dont wait up for such moment to come! So better save than on having those kind of regret.

having some usdt set aside for unexpected things that come up will be great especially if you have a family to take care of. when you don't have this, you'd be scrambling to ask your parents which is embarrassing.

i once read from a book that says, it doesn't matter how much your salary is, it's what you have saved. this is true because people who earn huge salary per month also spends too much. they forget to set aside for emergency.

[flyingcarpet]

Give yourself a percentage or an exact amount on how much you will save per salary you receive. Actually, it's not the amount that counts but it is the strictness of control that you are implementing to yourself. Regardless of how big or small it will be as long as you're setting side every time you receive money, that's what seems to be the important thing.

You can do that every time you earn money from your business, from your salary or anything that you receive as a gift. That's what you need to do and don't think of where you'll spend them quickly because thinking those are very easy to do so and what you have to do is to mind yourself in saving first and then investing next.

Saving without a plan is like sailing without a rudder. To what purpose are you storing cash? Money should be dynamic and work for us economically. While saving is important, I think balance is better. What if we invested 20% of our salary? Our money grows and adapts to the economy this way. We're wired for instant gratification, making "saving first, spending later" difficult. Would it change things if we saw saving as self-care? Consider your savings account as a vacation, startup fund, or emergency fund. Doesn't that inspire? Saving should be seen as a strategy for future success and stability, not just a savings account. A modest mindset shift could lead to a healthier financial existence.

There's should be a balance on which we know that savings does play a crucial role specially on emergency times or the moment we do need up some money. These things or amounts isnt really just that intended for disasters but also could really be used on having some investment on which it would really be possibly be able to add up more income source in case it would be succeeding. It would really be just that depending on a certain individual on how they would really be handling up themselves when it comes to this matter because it isnt really just that hard to save up if you are really that dedicated on saving into or having those kind of plans.
There's no need on cracking code or whatsoever because it does really only need up that kind of common sense and realistic approach on things which needs to be done.

Dont make yourself do able on coming into a point that you dont have any savings and then problem comes, then this is the time that you would really be seeing
this to be that savings are really that important. Dont wait up for such moment to come! So better save than on having those kind of regret.

having some usdt set aside for unexpected things that come up will be great especially if you have a family to take care of. when you don't have this, you'd be scrambling to ask your parents which is embarrassing.

i once read from a book that says, it doesn't matter how much your salary is, it's what you have saved. this is true because people who earn huge salary per month also spends too much. they forget to set aside for emergency.

Saving can support us in any situation. It also helps people when it comes to savings, investments or needs. We use the savings we make in time to use them in times of need, and saving is important because we never know when our needs will be met.

I don't think it is difficult to save money, if you are determined to do it, you should do it. It can be very comforting to think about the advantage of saving money and using it when you need it.

We need to understand the importance of saving before we get into a difficult situation. Human needs are infinite and we may not always have the resources for them, but when we save, we can have a certain amount of resources.

[RockBell]

Give yourself a percentage or an exact amount on how much you will save per salary you receive. Actually, it's not the amount that counts but it is the strictness of control that you are implementing to yourself. Regardless of how big or small it will be as long as you're setting side every time you receive money, that's what seems to be the important thing.

You can do that every time you earn money from your business, from your salary or anything that you receive as a gift. That's what you need to do and don't think of where you'll spend them quickly because thinking those are very easy to do so and what you have to do is to mind yourself in saving first and then investing next.

Savings has a good historical record for quite some time now and that habit has saved a lot of people a lot of things If you need any money you don't need to bother people you just go to the money is saved and take money out of their to avoid unnecessarily disturbing anybody, the strictness of control and serious discipline and their means I have discovered to save my money I opened a dormant account that I don't have access to no cards no way of withdrawing from there, with that I find it very easy to safe money that way, it will be easy for everyone to develop their way of saving money. and it will be of serious help. aside from saving money if you are into business and you are not disciplined you will have a problem managing your finances. and anyone familiar with economics should not have a problem saving money you should know what is important and not.

[merekamo]

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.)

Reduce unimportant needs, yes, if the income is about right for everyday, you have to save. another way to find additional passive income if you are online, that's what I think. So once again, it depends on the needs and personalities of each because there are times when we cannot save because of certain conditions, for example, hospitalization or other things that cannot be avoided.

[Betwrong]

~

Yes it is obvious, people will only know about anything when they have experienced it, as you said in the household problem, when someone who has not entered the household phase then obviously they will not know how to manage very well especially in terms of finance and make savings, at first glance in terms of food it doesn't seem to be too much of a problem and we usually don't emphasize too much in terms of choosing whether it's from the type of food or from the matter of price per food that we will buy, for example, we usually always put a budget of $200 for the cost of basic food needs but by doing research first we can actually still save and lower that cost to be lower but still with food products that are not much different in terms of efficacy and health.

Correct me if I'm wrong, but think it's much more than that in developed countries. I think you need around $800 to cover basic food needs. Where I live it used to be $20, but now I feel like it's than $200 too. But of course it depends on what you are eating. With wise calculations you can eat healthy for just $50 per month, I'm sure, almost anywhere in the world. And I think it can be $20 in some places still.

[Kurt Bernier]

I've found that creating a solid budget and sticking to it is best. It helps in identifying areas where you can cut back and allocate more to savings. 

[wendty]

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.

[snowpega]

There should be a good plan for making money which can vary on many factors; First of all, keep learning skills and make yourself worthy so that money will chase you and let's say in case your earning has started you should have control over your spending, over spending is bad habit. Divide your income into three parts one for Investing, second for saving... saving is a very important part so that it can help you to overcome your future problems and third for your expenses in this way you can generate a good amount of money.

[terrific]

Before spending, you save.
That's the idea that I've learned from those people that keeps on talking about money matters. They're like the financial advisors and tells advises about money management. It's effective so before you spend your salary, take out already the savings. That's effective when you are pursuing to save but if you're a breadwinner you may have hard time but still, you can follow that strategy. And they always say that it's not about the amount of money you earn but about what you save.

[lizarder]

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.

In increasingly difficult economic conditions, it will be quite difficult for people to save unless you have a stable income, even if the figure is small. There are ways to make a savings percentage and maybe one of them is to stop shopping for things that are not really needed and try to save money for daily food needs.

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

How to save may be much more difficult if someone does not have a fixed and stable monthly income at work. This can influence someone to encourage the preparation of savings for their old age and if the concept of living a life in simplicity is not implemented then saving is a difficult agenda that cannot be carried out consistently. It is better to save small amounts consistently than saving large amounts but not doing it regularly.

[itorai]

Before spending, you save.
That's the idea that I've learned from those people that keeps on talking about money matters. They're like the financial advisors and tells advises about money management. It's effective so before you spend your salary, take out already the savings. That's effective when you are pursuing to save but if you're a breadwinner you may have hard time but still, you can follow that strategy. And they always say that it's not about the amount of money you earn but about what you save.

It is very important to manage finances and learn finances from an early age. I think this will help us in the future for a better future and a calmer old age. because, if not it might be detrimental, as a simple example if we have any amount of money (inheritance) it will run out if we can't manage it. So I think managing finances is important even from an early age, and this will definitely make us calm in old age.

[AnonBitCoiner]

In increasingly difficult economic conditions, it will be quite difficult for people to save unless you have a stable income, even if the figure is small. There are ways to make a savings percentage and maybe one of them is to stop shopping for things that are not really needed and try to save money for daily food needs.

This is true that in such difficult situations we cannot make saving and if we are getting regular salary then there is a hope that we will save some money even if it is small but we can save it. If we have no income source then neither our present will be worse but our future will also he worse therefore one should be engage in double jobs as early as possible because situations are becoming more difficult day by day.

A person should also minimize the use of those things which are not needed whether he has more or less money because if we are buying useless things then it means that we are wasting our money so instead of such wasting we should save that amount for our bright future.

[sekalitas]

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

It's crucial to focus on what we truly need, rather than impulsive wants. Before each purchase, ask yourself: "Do I really need this?" This way, you can be more selective and ultimately save money by avoiding non-essential expenses.

For leisure activities, I prioritize enjoyment hours and their impact on my overall well-being. Take Baldur's Gate 3 for instance. At $60, it offers over 100 hours of immersive gameplay, something I genuinely enjoy. This long-lasting enjoyment makes it a valuable purchase compared to temporary pleasures. This approach ensures I spend wisely on experiences that enhance my life, both in leisure and productivity 

[YUriy1991]

We all want to save money, but it's not always easy.

If the funds obtained monthly are only enough to meet monthly needs, saving is not recommended. If you have a new advantage in saving, don't let your own needs be withheld, let alone those for your family. The solution to make it easier is to look for additional livelihoods.

How to save may be much more difficult if someone does not have a fixed and stable monthly income at work. This can influence someone to encourage the preparation of savings for their old age and if the concept of living a life in simplicity is not implemented then saving is a difficult agenda that cannot be carried out consistently. It is better to save small amounts consistently than saving large amounts but not doing it regularly.

That's right, sir, not only money management for trading is needed, this also has to be dealt with as well

[franky1]

We all want to save money, but it's not always easy.

If the funds obtained monthly are only enough to meet monthly needs, saving is not recommended. If you have a new advantage in saving, don't let your own needs be withheld, let alone those for your family. The solution to make it easier is to look for additional livelihoods.

those that want to save and then hope spare money just magics into their hand. are not doing the easy route. they are dreaming easy comes to them
the easy route is to visualise your income and expense by planning it before spending.
its far more easy to save if planning at start of month rather than hoping for savings at end of month to just appear

people have needs. but even with needs there is some wiggle room
you need heating. but do you need heating at precisely 17^oc all day and night.
maybe you can find the wiggle room of having heating intermittent or at 15^oc
when in bed have a blanket so you can have heating lowered whilst asleep

you need groceries. but do you need specific brand groceries
maybe you can find the wiggle room of having lesser known brands or smaller portions. or do home made/batch cooking instead of pre-made/fast food

you dont have to go without your NEEDS but you can still try to find savings

yes ofcourse finding extra income helps. but actually look at all options. making a plan, budgeting, writing out your incomes and expenses and actually having all data visualised so you can see all possibilities is far better then just saying "no, i cant budget.. because everything is a need, so i wont even try"

even things like your car. everyone needs transport.
but look at your car costs. do you really need that engine size of a vehicle. whats the insurance. can you downgrade. is there a smaller engine car that has cheaper insurance. do you need a newish model or can you sell it and get a older age model thats recently passed its inspections
by getting a lower size engine your fuel economy can improve (unless your hauling heavy goods/trailers)
also having a older lower engine car you are less concerned about having the fully inclusive insurance package for all eventualities and instead only care about third party accident policy
even look at how much fuel you use per week and how many miles travelled. work out the cost of going to usual places. do you need to go to starbucks everyday, once you have calculated the cost of the full journey+the coffee. or can you make a coffee at home

..
you will be surprised the savings you can make if you add it all up from small savings from lots of little things