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Topic: How to save money. - page 11. (Read 345785 times)

legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
September 30, 2016, 03:44:38 AM
As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.

40% of your earnings is too  high of a target. Normal people receiving minimum salary will have a hard time keeping up and will frustrate them. Soon they will stop saving because of that. It is better to save small percentage but can be consistently done without straining too much your budget.

Yup, 40$ was too high, not all of us is high earners where we could keep almost half of out salary, mostly we just receive enough salary so keeping 40% of it might just compromise your living or might result to problem... I think computing about how much you will save should be after buying all your basic needs, the leftover money should be the target of our savings, that's the money where we could mess around whether we are going to save it all or spending it to something else...  Smiley
The most conservative approach IMO is just to save at least 10% of your earnings so you can still live a normal life, we are living in this world to enjoy and do our responsibility in the society and that is to balance of way of living as well. If we save at least 40% of our earnings we are not living a balance life.
it's indeed you'll not living a balance life if you saved about 40% but it's temporary,after you're done saving you can but what you want and then get pleased for what you've done by saving money,you need effort first to get a good result
sr. member
Activity: 420
Merit: 250
September 30, 2016, 03:19:02 AM
How to save money is a good question also important. I always got taught to never buy something that you cant afford for first.
After that never buy everything you see all the small stuff like randomly buying a pants or coffee everyday in the starbucks this loses you alot of cash
full member
Activity: 310
Merit: 100
September 30, 2016, 03:18:48 AM
I do my grocery shopping with gift cards from Gyft.com, which saves me 3% on my weekly grocery bill through their point reward program.

I should be doing the same with Amazon and purse.io, but I never remember it's there, since Amazon is a much less regular shopping stop.
legendary
Activity: 2436
Merit: 1008
September 30, 2016, 01:46:48 AM
Saving money can be done in many ways but best is to jsut check where most of your money goes to and then try to cut the expenses that are not needed.
Just spend the money you have to spend and safe most of the rest which is left.

I do it the other way around. I set an amount I want to save. Every payday, I take that amount from my pay and save it somewhere. Then I live with what is left. If that amount is not enough, I check my expenses and remove all unnecessary expenses that I have. If that is not yet enough, then I know that I need more income or another source of income so I can survive until next payday.

That's why decent income is the key so that people can saved money well even without those hard strategy and tips to be done.

Once people's income can covered all daily needs and spendings and there will be money left, saving the money is just an ease since all they need to do is to managed the money left.
But in my opinion, regardless of your income amount you must have the habit of saving. I mean to say you when you are earning very low amount, still you must save some 10% of your earning amount. It is possible when you are having a lifestyle based on your salary. Saving will be possible to any one as living is possible within the salary we are getting.

You know mate you can't say that easily to make a habit of saving regardless of people's income. By looking at the reality, some people really has only enough income to support their daily needs and even a force saving is not that possible "even they want to". It's really happens and still present up to today.

So maximizing the income is only the key so that people can have a portion of their money to savings in regular basis.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
September 30, 2016, 01:24:29 AM
everyone has their own way. saving money is easy. but the most difficult is how to how to manage the money we have.
we should be able to manage so that expenditure can be smaller than income.

I don't know what's the point of saving money for "nothing"... You have to have a thing you want to buy or something like that or you will private yourself from nice stuffs in this way.
I think we all save because we have a goal in the future, either we will be able to buy new things like new phone or something and those smart people are saving their money for the future investment and I belong to that group of people because I care for my future.
sr. member
Activity: 434
Merit: 250
September 30, 2016, 12:58:03 AM
everyone has their own way. saving money is easy. but the most difficult is how to how to manage the money we have.
we should be able to manage so that expenditure can be smaller than income.

I don't know what's the point of saving money for "nothing"... You have to have a thing you want to buy or something like that or you will private yourself from nice stuffs in this way.
hero member
Activity: 714
Merit: 500
September 29, 2016, 11:44:24 PM
As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.

40% of your earnings is too  high of a target. Normal people receiving minimum salary will have a hard time keeping up and will frustrate them. Soon they will stop saving because of that. It is better to save small percentage but can be consistently done without straining too much your budget.
That is indeed high, bordering on ideal already. What should be standard is between 10 and 20% for average income earners. But for those who earn big, I think they can afford to save at least 30% of their incomes. But these things are easier said than done because each time our salary increases, lifestyle creep seems to take hold of us. There are those who adjust their spendings based on how much increase they get and don't increase their savings accordingly.
hero member
Activity: 952
Merit: 500
September 29, 2016, 11:06:48 PM
As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.

40% of your earnings is too  high of a target. Normal people receiving minimum salary will have a hard time keeping up and will frustrate them. Soon they will stop saving because of that. It is better to save small percentage but can be consistently done without straining too much your budget.

Yup, 40$ was too high, not all of us is high earners where we could keep almost half of out salary, mostly we just receive enough salary so keeping 40% of it might just compromise your living or might result to problem... I think computing about how much you will save should be after buying all your basic needs, the leftover money should be the target of our savings, that's the money where we could mess around whether we are going to save it all or spending it to something else...  Smiley
The most conservative approach IMO is just to save at least 10% of your earnings so you can still live a normal life, we are living in this world to enjoy and do our responsibility in the society and that is to balance of way of living as well. If we save at least 40% of our earnings we are not living a balance life.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
September 29, 2016, 10:39:45 PM
As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.

40% of your earnings is too  high of a target. Normal people receiving minimum salary will have a hard time keeping up and will frustrate them. Soon they will stop saving because of that. It is better to save small percentage but can be consistently done without straining too much your budget.

Yup, 40$ was too high, not all of us is high earners where we could keep almost half of out salary, mostly we just receive enough salary so keeping 40% of it might just compromise your living or might result to problem... I think computing about how much you will save should be after buying all your basic needs, the leftover money should be the target of our savings, that's the money where we could mess around whether we are going to save it all or spending it to something else...  Smiley
hero member
Activity: 1148
Merit: 504
September 29, 2016, 10:33:17 PM
As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.

40% of your earnings is too  high of a target. Normal people receiving minimum salary will have a hard time keeping up and will frustrate them. Soon they will stop saving because of that. It is better to save small percentage but can be consistently done without straining too much your budget.
hero member
Activity: 770
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
September 29, 2016, 07:01:32 PM
everyone has their own way. saving money is easy. but the most difficult is how to how to manage the money we have.
we should be able to manage so that expenditure can be smaller than income.
thats true, but i think the easiest way of saving your money might be just putting it to bitcoin cold storage
full member
Activity: 239
Merit: 250
September 29, 2016, 06:48:50 PM
As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.

My monthly salary goes like this:

50% - savings
20% - city room rent/electricity/water
12% - pocket money
10% - mom's allowance
  8% - apartment rent at home

It really feels so good when you have a fixed monthly budget. Any savings or extra income is a bonus.
If we follow your advice and spend money as you say, it's the same as dying with my salary.
hero member
Activity: 1050
Merit: 508
September 29, 2016, 04:28:48 PM
As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.

My monthly salary goes like this:

50% - savings
20% - city room rent/electricity/water
12% - pocket money
10% - mom's allowance
  8% - apartment rent at home

It really feels so good when you have a fixed monthly budget. Any savings or extra income is a bonus.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
September 29, 2016, 04:17:20 PM
As long as you keep track of your earnings and your expenditure, you should not have much difficulty in saving. Try to keep a certain ratio between the two, like 40% of earnings go to saving and rest 60% to expenses. Emergencies may arise then you may need to spend more. But every month try to maintain it and you should do fine.
xht
sr. member
Activity: 462
Merit: 250
hey you, yeah you, fuck you!!!
September 29, 2016, 04:13:14 PM
everyone has their own way. saving money is easy. but the most difficult is how to how to manage the money we have.
we should be able to manage so that expenditure can be smaller than income.
How can you say saving is easy, you can saving money after cut off the spends. You can save money after reduce spending and is the problem that always makes it hard how to save money.
hero member
Activity: 924
Merit: 1001
September 29, 2016, 02:09:59 PM
Saving money can be done in many ways but best is to jsut check where most of your money goes to and then try to cut the expenses that are not needed.
Just spend the money you have to spend and safe most of the rest which is left.

I do it the other way around. I set an amount I want to save. Every payday, I take that amount from my pay and save it somewhere. Then I live with what is left. If that amount is not enough, I check my expenses and remove all unnecessary expenses that I have. If that is not yet enough, then I know that I need more income or another source of income so I can survive until next payday.

That's why decent income is the key so that people can saved money well even without those hard strategy and tips to be done.

Once people's income can covered all daily needs and spendings and there will be money left, saving the money is just an ease since all they need to do is to managed the money left.
But in my opinion, regardless of your income amount you must have the habit of saving. I mean to say you when you are earning very low amount, still you must save some 10% of your earning amount. It is possible when you are having a lifestyle based on your salary. Saving will be possible to any one as living is possible within the salary we are getting.
Yeah right we should save even a small amount every time you get bitcoins or even here in our signature campaign.. we can save our bitcoins for our future..  savings is one of the good way to have a dream someday that you can use for your business or something that can bring you more money in the future.
legendary
Activity: 1554
Merit: 1054
September 29, 2016, 01:50:41 PM
Saving money can be done in many ways but best is to jsut check where most of your money goes to and then try to cut the expenses that are not needed.
Just spend the money you have to spend and safe most of the rest which is left.

I do it the other way around. I set an amount I want to save. Every payday, I take that amount from my pay and save it somewhere. Then I live with what is left. If that amount is not enough, I check my expenses and remove all unnecessary expenses that I have. If that is not yet enough, then I know that I need more income or another source of income so I can survive until next payday.

That's why decent income is the key so that people can saved money well even without those hard strategy and tips to be done.

Once people's income can covered all daily needs and spendings and there will be money left, saving the money is just an ease since all they need to do is to managed the money left.
But in my opinion, regardless of your income amount you must have the habit of saving. I mean to say you when you are earning very low amount, still you must save some 10% of your earning amount. It is possible when you are having a lifestyle based on your salary. Saving will be possible to any one as living is possible within the salary we are getting.
legendary
Activity: 2436
Merit: 1008
September 29, 2016, 01:33:36 PM
Saving money can be done in many ways but best is to jsut check where most of your money goes to and then try to cut the expenses that are not needed.
Just spend the money you have to spend and safe most of the rest which is left.

I do it the other way around. I set an amount I want to save. Every payday, I take that amount from my pay and save it somewhere. Then I live with what is left. If that amount is not enough, I check my expenses and remove all unnecessary expenses that I have. If that is not yet enough, then I know that I need more income or another source of income so I can survive until next payday.

That's why decent income is the key so that people can saved money well even without those hard strategy and tips to be done.

Once people's income can covered all daily needs and spendings and there will be money left, saving the money is just an ease since all they need to do is to managed the money left.
hero member
Activity: 588
Merit: 500
September 29, 2016, 11:48:28 AM
   Only way for saving money is making more then you spend every month. If you make less then you spend probably saving will not work well for you. It is a basic of saving. If you are not in situation to save then you need to cut your expenses somehow, and then you can think about saving.
   I save something small every month, I`m in such situation. Over the years I accumulated some nice money, but that is for my kid and family. If we ever need a bit more money, you never know what is coming. For that reasons it`s good to have something on a side, for black days how people like to say. No matter how much, try to put something on a side every time you can and that is easiest way for saving.
legendary
Activity: 1596
Merit: 1011
September 29, 2016, 11:45:38 AM
everyone has their own way. saving money is easy. but the most difficult is how to how to manage the money we have.
we should be able to manage so that expenditure can be smaller than income.
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