How to save successfully?

[passwordnow]

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

[GiftedMAN]

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

This is also a very good method to be taken to have a good savings because it is very difficult to save them you are making use of one account for your expenses, your emergency funds and the savings you what to keep that will savevyou tomorrow. When you separate your money in different accounts you will be mindful of the way you spend especially if you are someone that can control yourself based on what you want to achieve.

[passwordnow]

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

This is also a very good method to be taken to have a good savings because it is very difficult to save them you are making use of one account for your expenses, your emergency funds and the savings you what to keep that will savevyou tomorrow. When you separate your money in different accounts you will be mindful of the way you spend especially if you are someone that can control yourself based on what you want to achieve.

Yes, it goes in one and that's harder to manage when you have them saved on one savings account. So separating each of these important expenses are a way to go for those who can't manage them. Try and test and see if this is going to work for yourselves because for me it works. At first, I don't want to try it because I feel that I don't need a lot of savings account but when you realized that this forces your mind to allocate and budget your money very well, it's a good strategy.

[Maslate]

Now my question is, why do a lot of people complain that saving is too hard for them?

I think the reason why people are not able to save because economy always forces them to spend money. Nonstop economy produces new goods and services, advertise them making them necessary to purchase. Ask any person what would he buy if he has unlimited amount of money and give a minute to think, he will come up with A4 list fully filled with what he wants. Some people are impatient, some understand that they have only one life and it is short, and they start spending. Why save and wait, when I want for example new iPhone 17 today, but not in two years.

I got your point. Life is short, so why not enjoy it to the fullest and buy all the things all you want. There are actually some people who have that certain mindset, as a result they were not able to save even a small amount and end up panicking when unexpected circumstances start to arise.

Saving is not that hard for those who really have the real intention to save. However, due to some human nature greed, people intend to spend more than to save more. But when they start seeing how miserable it is to have no savings at all, that’s when they start to value and save some of their income.

[Wakate]

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

Instead of getting 3 saving accounts for emergency fund, bills, and dream, I will advise you to get just one savings account because that is all you need for now without the stress of separation of bank accounts.
This is how you are going to plan yourself;

A saving account allotted for emergency/ bills; All your expenses that encompasses food, clothing and miscellaneous can be taken from it. This will help you to organize yourself and know how you spend your money.

Get a Bitcoin wallet for savings for the future/dreams; This will be for the purpose of saving for the future. I will not advise you to save in fiat because the value can depreciate and bank will not give you substantial interest for using the money you saved with them for businesses and for loan. If you can be buying Bitcoin on intervals and hold it for at least 5 years, your profits would exceed what bank can ever give you as interest. The mindset of holding is for the bigger reward.

[Lanatsa]

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

This is also a very good method to be taken to have a good savings because it is very difficult to save them you are making use of one account for your expenses, your emergency funds and the savings you what to keep that will savevyou tomorrow. When you separate your money in different accounts you will be mindful of the way you spend especially if you are someone that can control yourself based on what you want to achieve.

Yes, it goes in one and that's harder to manage when you have them saved on one savings account. So separating each of these important expenses are a way to go for those who can't manage them. Try and test and see if this is going to work for yourselves because for me it works. At first, I don't want to try it because I feel that I don't need a lot of savings account but when you realized that this forces your mind to allocate and budget your money very well, it's a good strategy.

Splitting savings into multiple accounts really helps create structure and discipline around money management when everything sits in one account it is too easy to mix up emergency funds with bills or even dip into money meant for long term goals by separating them you give each account a clear purpose and that makes it harder to spend impulsively. The emergency fund account gives peace of mind because it is there only for unexpected situations like medical bills or sudden repairs this means you don’t need to panic or borrow when life throws surprises the expenses or bills account ensures that your monthly obligations are covered without touching your savings and finally the dreams account keeps motivation alive because it is tied to future goals like travel a home or even investments.

At first handling multiple accounts can feel like extra work but over time it trains you to calculate more carefully and plan your spending with intention the psychological effect is strong too when you see each account with a name and purpose you naturally become more mindful of how money flows in and out. For people who struggle with discipline or budgeting this method is especially effective because it forces structure instead of relying only on willpower it becomes a habit that pushes you to save without thinking too much about it.

[DeathAngel]

To save successfully start small but be consistent. Set aside a fixed amount from each paycheck before spending. Avoid unnecessary purchases & track your expenses so you know where money goes. Use a separate savings account to reduce temptation. Set clear goals like an emergency fund or a trip to stay motivated. Over time small savings add up & create financial security. The key is discipline & making saving a regular habit not an occasional effort.

[bakasabo]

To save successfully start small but be consistent. Set aside a fixed amount from each paycheck before spending. Avoid unnecessary purchases & track your expenses so you know where money goes. Use a separate savings account to reduce temptation. Set clear goals like an emergency fund or a trip to stay motivated. Over time small savings add up & create financial security. The key is discipline & making saving a regular habit not an occasional effort.

These are very correct words. Consistent or in other words discipline. Discipline yourself in expenses and savings. Not matter how tough is the situation, no matter how huge is desire to get something, save constantly. Being disciplined helps not only to save. High chance that being disciplined will pay off in other aspects of life. There is always chance to get promoted, or discipline will lead to better day planning and all of a sudden there is a window of few hours that can be dedicated to part time job, which further leads to more money.

[Agbe]

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

Saving separately into multiple accounts Is actually based on a particular purpose, is a good approach and it's helps on to discipline his or herself over unnecessary spending, and it actually helps also most especially for a common man who doesn't earn millions or billions, as you have mentioned savings for emergency, this is the most important thing, life is unpredictable we pray for good thing to happen always but definitely, emergency situation can happen at anytime, and having a separate fund, to take care of such, Like medical bill, or even loss of job , will actually save one form, going to borrow and run into dept. You also mentioned expenses and bill, this account is also essential because it ensures that monthly like rent, food and subscription are renewed, when one is financially down.

[junder]

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

I think this is probably only done by very disciplined people because I don't think many people can do it. I know a lot of people and have a lot of friends, but only one of my friends can do it, especially since she has a large income. Maybe if I had a large income, I would do the same.
I myself am someone who finds it difficult to save on my own, so I save with others.

[Localhostspeed]

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

Perfect plan but this might be an individual thing. You may see this as a good strategy but there is another person that want the same plan but his current condition can't allow him or her. You can save money but your financial stability and what you earn at that time that is going to determine the method you listed there. A person that is struggling to eat 3 square mean and earn less money can't do what you mentioned there.

If you want to save, make sure you are earning well and he able to cover your bills, he able to debt free; you can't be owing debt and think about saving money, it's not gong to work. As you are saving money, hope and pray you don't run into any health challenges, there is nothing that makes one go broke like having health challenges that doesn't end.

[passwordnow]

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

Instead of getting 3 saving accounts for emergency fund, bills, and dream, I will advise you to get just one savings account because that is all you need for now without the stress of separation of bank accounts.
This is how you are going to plan yourself;

A saving account allotted for emergency/ bills; All your expenses that encompasses food, clothing and miscellaneous can be taken from it. This will help you to organize yourself and know how you spend your money.

Get a Bitcoin wallet for savings for the future/dreams; This will be for the purpose of saving for the future. I will not advise you to save in fiat because the value can depreciate and bank will not give you substantial interest for using the money you saved with them for businesses and for loan. If you can be buying Bitcoin on intervals and hold it for at least 5 years, your profits would exceed what bank can ever give you as interest. The mindset of holding is for the bigger reward.

If that's what you think is better for you, you can do that. But having separate accounts for specific purpose is what makes it more organized and you won't be confused on how you're going to save and spend your money. Saving in fiat is okay for those specific purposes that you'll have but I agree that still having invested in bitcoin is still the best option. But you'll have yourself in a better situation if you manage to have both.

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

I think this is probably only done by very disciplined people because I don't think many people can do it. I know a lot of people and have a lot of friends, but only one of my friends can do it, especially since she has a large income. Maybe if I had a large income, I would do the same.
I myself am someone who finds it difficult to save on my own, so I save with others.

It's not that bad to try and see if it's going to work for yourselves. While it shows how disciplined a person is but when you're in a desperate situation and you want to save badly, this is how far you can go.

Perfect plan but this might be an individual thing. You may see this as a good strategy but there is another person that want the same plan but his current condition can't allow him or her. You can save money but your financial stability and what you earn at that time that is going to determine the method you listed there. A person that is struggling to eat 3 square mean and earn less money can't do what you mentioned there.

If you want to save, make sure you are earning well and he able to cover your bills, he able to debt free; you can't be owing debt and think about saving money, it's not gong to work. As you are saving money, hope and pray you don't run into any health challenges, there is nothing that makes one go broke like having health challenges that doesn't end.

We all have situations that we have to deal with. The current situation might not allow us to do it depending on the circumstances but it shouldn't end up without even giving a try. And now you've mentioned one big contributor for those who are able to save and that's about being debt free and I agree!

Saving separately into multiple accounts Is actually based on a particular purpose, is a good approach and it's helps on to discipline his or herself over unnecessary spending, and it actually helps also most especially for a common man who doesn't earn millions or billions, as you have mentioned savings for emergency, this is the most important thing, life is unpredictable we pray for good thing to happen always but definitely, emergency situation can happen at anytime, and having a separate fund, to take care of such, Like medical bill, or even loss of job , will actually save one form, going to borrow and run into dept. You also mentioned expenses and bill, this account is also essential because it ensures that monthly like rent, food and subscription are renewed, when one is financially down.

I also think that if someone who wants to protect themselves from future unexpected life events, they can add insurance to it as well. This will also protect the money and investment they've saved for themselves.

[stadus]

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

This is honestly an ideal method, but this is only applicable for those who are earning quite well. For those who are just working for a minimal compensation, even paying the bills alone is already a struggle, so how much more saving for emergency funds and saving for your future dreams and goals.

However, saving does not literally mean that you have to save a significant amount instantly. Save just a little but on a consistent basis, eventually when that amount piled up, you will definitely reach a significant amount in time. Money is hardly-earned, that’s why you need not to spend them all on unnecessary matters.

[Abiky]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

I think you should change your question to: How to invest successfully? You see, it's almost impossible to save money and maintain your wealth these days with rising inflation rates. Investing is the only surefire way to help protect yourself against inflation in the long run. And by investing, I mean putting your money in things that are bound to increase in value over time. Like investing in real estate, stocks, crypto, or even precious metals (eg: Gold and Silver).

Of course, inflation is inevitable. But I think it's gone too far this time. It's not like inflation is low at 2% like it used to be (in the US). Ultimately, you decide what to do with your money. Just avoid hoarding cash long-term, and you'll do fine.

[beerlover]

For me it will be interesting to read, how many people really think of saving money. Both for long term or for short term expenses. I notice a lot, that people live from salary to salary and not because they dont have enough, but because they want to spend money all the time. And not only young people live like that. People who are in age, or that will retire in 10 years, also dont think a lot about saving. Do they expect to have large pension and live only on those money? I dont think that is a smart idea.

I am not really against those people as well. You know why? Because in my nation Z generation software developer makes nearly minimum wage, do you know how little minimum wage is? We are talking about people who can code 8 hours for 5 days a week, and they end up getting paid as much as a McDonalds worker.

So of course they realized that they can't save money or live a life that would end up with any worth. So what do they do? Whatever they make, they just end up spending it, even making huge debts, because they do not care, they are aware that it's all unfair, and they are getting the short end of the stick and they are not playing ball with the market. We should not really consider this as an issue because it's their life and they can decide for it.

[bakasabo]

For me it will be interesting to read, how many people really think of saving money. Both for long term or for short term expenses. I notice a lot, that people live from salary to salary and not because they dont have enough, but because they want to spend money all the time. And not only young people live like that. People who are in age, or that will retire in 10 years, also dont think a lot about saving. Do they expect to have large pension and live only on those money? I dont think that is a smart idea.

I am not really against those people as well. You know why? Because in my nation Z generation software developer makes nearly minimum wage, do you know how little minimum wage is? We are talking about people who can code 8 hours for 5 days a week, and they end up getting paid as much as a McDonalds worker.

So of course they realized that they can't save money or live a life that would end up with any worth. So what do they do? Whatever they make, they just end up spending it, even making huge debts, because they do not care, they are aware that it's all unfair, and they are getting the short end of the stick and they are not playing ball with the market. We should not really consider this as an issue because it's their life and they can decide for it.

What you have described is a repeated problem of Z or any other generation. When choosing future profession, they take as an example profession that is highly paid at the moment. When those Z nation were children and were dreaming about future profession, software developers earned a lot. Now we have excess of software developers so no wonder they earn little. They make problems themselves, chose profession that has already provided on the job market. However, people dont save as much as people were saving lets say 30 years ago. If in past a person could save for 10 years and have enough money to buy land and house. Now if a person saves for 10 years (who works on one job only), maximum what he can afford to buy is used premium segment car.

[Akbarkoe]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

Saving is a good and very good thing for your financial security, and I don't think there is anything to complain even though we know that there is inflation, your argument is completely true, but facing inlfation, of course we have a way to fight, there are bitcoin and gold as alternative saving.

To be honest if someone wants to save money then don't be many reasons, do it consistently even though it is small, but with time we will find the results, there is no reason for those who want to save, and surely it can be with any way.

[ndutndut]

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

But before putting your advice into action, the most important thing is to set a clear savings goal so you're motivated to follow through. For example determine what you want to achieve by saving, such as buying a house, investing, or something else. Having this goal will motivate you not only to practice setting up three savings accounts, but also to earn additional income to cover the three planned expenses.

Essentially creating separate accounts as you suggest is a great way to achieve your goals. Using one account makes it easier to spend the money on unnecessary things. However separating these accounts into three accounts is a method you use, hoping that it will prevent you from using your savings for other purposes.

[passwordnow]

This is honestly an ideal method, but this is only applicable for those who are earning quite well. For those who are just working for a minimal compensation, even paying the bills alone is already a struggle, so how much more saving for emergency funds and saving for your future dreams and goals.

However, saving does not literally mean that you have to save a significant amount instantly. Save just a little but on a consistent basis, eventually when that amount piled up, you will definitely reach a significant amount in time. Money is hardly-earned, that’s why you need not to spend them all on unnecessary matters.

I think it is true that it's ideal for the ones who earns well. But hear me out, those who starts from nothing and starts small, they will start from the bottom and that's how they make it and able to save successfully. Because they're going to give importance for every penny that they earn. Compared to the people that didn't go through this type of hardship, so, it builds the experience and why the successful savers are making it because they went through the bottom until they have reached to the top. Everyone starts small before they make it big.

But before putting your advice into action, the most important thing is to set a clear savings goal so you're motivated to follow through. For example determine what you want to achieve by saving, such as buying a house, investing, or something else. Having this goal will motivate you not only to practice setting up three savings accounts, but also to earn additional income to cover the three planned expenses.

Essentially creating separate accounts as you suggest is a great way to achieve your goals. Using one account makes it easier to spend the money on unnecessary things. However separating these accounts into three accounts is a method you use, hoping that it will prevent you from using your savings for other purposes.

Everything comes next after saving. The principle and discipline that saving makes will give you an idea on what you should do next and that's likely investing. And I agree having that goal is a good motivation for you to do better and try to hit that goal.

[eightdots]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

Saving is a good and very good thing for your financial security, and I don't think there is anything to complain even though we know that there is inflation, your argument is completely true, but facing inlfation, of course we have a way to fight, there are bitcoin and gold as alternative saving.

To be honest if someone wants to save money then don't be many reasons, do it consistently even though it is small, but with time we will find the results, there is no reason for those who want to save, and surely it can be with any way.

When saving, it's important to save in currencies that retain their value rather than those that lose value due to inflation. If your local currency loses value due to inflation, saving can lead to losses. This is important, as the money you save must maintain its value.

The amount you save is important, but even a small amount can be beneficial and can grow over time. Regular savings can turn into substantial savings over time. The key is to start saving and maintain it regularly.