It is not always easy to save money, especially when you are around things that tempt you to spend. Sometimes, our environment contributes to our level of saving and spending, so if we feel that our environment is not conducive to saving, then we can change the environment.
Furthermore, inflation contributes to our limit savings since we can only save a percentage of our earnings after removing our money for daily expenses and needs, but due to inflation, the cost of leaving is now high and mostly our earnings are still the same. If that is possible, then we cannot save because the money might not even be enough to take care of our basic needs.
But saving in Bitcoin has now become easier since if you want to save in Bitcoin with some percentage of your salary or earnings, you can use the DCA method to keep saving.
Topic: Cracking the Code of Saving Money... - page 12. (Read 1704 times)
To save can be really difficult especially when earning little or you don't have control but you can make it work when you try these things;
1- create a budget and try to live by it else it becomes pointless.
2- Ensure not to focus more on your wants(buying things that are not needed), more or less being an impulsive spender.
3- you can employ opportunity cost; you forego some things so you can achieve another..I'd take @TheUltraElite's #3 advice to heart on this.
1- create a budget and try to live by it else it becomes pointless.
2- Ensure not to focus more on your wants(buying things that are not needed), more or less being an impulsive spender.
3- you can employ opportunity cost; you forego some things so you can achieve another..I'd take @TheUltraElite's #3 advice to heart on this.
We all want to save money, but it's not always easy.
There are so many things that tempt us to spend, unexpected bills that pop up, and it can be hard to make ends meet.
How do you manage to save in a world that encourages spending? Let's talk about it.
Share your ideas, tips, and stories about saving money, and together, we can figure out how to get better at it. (We will also draw valuable lessons from the mistakes and experiences of others.)
There 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.)
First things first, stop looking at others that is what influences you to spend on items that you don't need but are manipulated to have one for example Iphone is a great example that you are manipulated if you don't have Iphone then you are poor. Iphone is not necessary a similar device can be bought for $200 Android too so that $800 can be saved.
Make a monthly budget according to your income and only allocate 70% of it for spending no matter what, the remaining 30% should be going for your savings and once there is enough amount in that then it should be invested, and that investment will give you passive income and that is how you can increase your standard of life step by step.
Here is what I usually suggest:
1. Make a list of things you spend money and your earning last month from all possible sources. This should give you an idea of monthlies and then you can decide which ones you can cut down on.
2. Spending a thousand bucks on food order-in more than 10times per month is a waste as compared to a humble 2times per month with family cooking the rest of the month.
3. Taking the commute in public transport than a Uber surely saves 10x of your money per day.
4. Keeping a single sim card for all sorts of stuff can half your mobile topup spending then double sim card that people commonly use.
5. Cutting down on entertainment costs can lead to a dull life but as a student you might get that to your advantage - this includes paid TV services and all that. You can always use torrents for any show that you might want to watch when trying to wind down.
Remember that spending of money is always by channeling the seven sins of humans. Control them and you can save a lot. Try this yourself and see how much you can work it out.
1. Make a list of things you spend money and your earning last month from all possible sources. This should give you an idea of monthlies and then you can decide which ones you can cut down on.
2. Spending a thousand bucks on food order-in more than 10times per month is a waste as compared to a humble 2times per month with family cooking the rest of the month.
3. Taking the commute in public transport than a Uber surely saves 10x of your money per day.
4. Keeping a single sim card for all sorts of stuff can half your mobile topup spending then double sim card that people commonly use.
5. Cutting down on entertainment costs can lead to a dull life but as a student you might get that to your advantage - this includes paid TV services and all that. You can always use torrents for any show that you might want to watch when trying to wind down.
Remember that spending of money is always by channeling the seven sins of humans. Control them and you can save a lot. Try this yourself and see how much you can work it out.
Mate this topics have been treated so many times in this forum especially in this board. I can't drop links to related topics but make use of search button and when see em, drop your comment learn from previous comments..
Surely it will be discussed here in this thread cuz there are people willing to contribute but maybe next time before you create you check..
Surely it will be discussed here in this thread cuz there are people willing to contribute but maybe next time before you create you check..
We all want to save money, but it's not always easy.
There are so many things that tempt us to spend, unexpected bills that pop up, and it can be hard to make ends meet.
How do you manage to save in a world that encourages spending? Let's talk about it.
Share your ideas, tips, and stories about saving money, and together, we can figure out how to get better at it. (We will also draw valuable lessons from the mistakes and experiences of others.)
There 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.)
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