How to save money. - page 12. | Bitcointalksearch.org

Mastsetad

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Quote from: jakelyson on September 29, 2016, 05:52:41 AM

Quote from: Altynbekova on September 29, 2016, 03:50:11 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.

Your way is also not bad, but the thing is that not everyone can manage to get another income like you so if they save the amount at first and later on they find out the remaining amount is not enough for them they start panicing because they cant find another source of income then.

bamboylee

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Quote from: Cazkys on September 29, 2016, 02:24:40 AM

One of the best way to save money especially if you don't have a bank account, is by having a piggy bank. You may find it hard and not effective because you will be opening and spending it in a day or two, but I have a technique you can use selective saving. Basically, you choose a denomination or a bill like $1, $5, $10, $20, $50, $100 or what so ever, and every time you are given money, you spend or get your salary and see your chosen bill, you take it aside and save it. So if you choose $10. you take it aside and save it every time you have one. Maybe after a month you can see it for yourself, a piggy bank full of $10.

This is a good advice on how to save. Personally, I am not successful using piggy bank. Every time I have a significant amount saved in the piggy bank, I am tempted to break it and spend the money. So it is better for me to open a bank account and cut the ATM. This way, I do not have any easy access on my money and I can't spend it even if I am tempted to do it.

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Quote from: jakelyson on September 29, 2016, 05:52:41 AM

Quote from: Altynbekova on September 29, 2016, 03:50:11 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.

I doing the same thing also bro, which is very effective on saving up money. When on payday i always get a partition on my salary and save it and dont spend it no matter what circumstances. If i got overdroped in my budget i do some cutting on my expenses so that in next time my salary would be already enough.

jakelyson

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Quote from: Altynbekova on September 29, 2016, 03:50:11 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.

Altynbekova

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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.

goldcoinminer

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Quote from: Mr. Big on September 29, 2016, 02:32:05 AM

Quote from: Cazkys on September 29, 2016, 02:24:40 AM

One of the best way to save money especially if you don't have a bank account, is by having a piggy bank. You may find it hard and not effective because you will be opening and spending it in a day or two, but I have a technique you can use selective saving. Basically, you choose a denomination or a bill like $1, $5, $10, $20, $50, $100 or what so ever, and every time you are given money, you spend or get your salary and see your chosen bill, you take it aside and save it. So if you choose $10. you take it aside and save it every time you have one. Maybe after a month you can see it for yourself, a piggy bank full of $10.

I am doing that, since I don't own a car, and I commute going to the office, drivers always give me a coin change for my fare, and since I really hate that jingling sound in my pocket, I usually put it in the piggy bank when I got home...Soon you will forget about your piggy bank and only notice it when you are not busy or during holidays...

Maybe they are right that we should start saving first with a small amount of money and through time we will lean how to discipline ourselves to save, there was a saying that if you cannot save with small amount of money you cannot also save with a bigger one.

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Quote from: Cazkys on September 29, 2016, 02:24:40 AM

One of the best way to save money especially if you don't have a bank account, is by having a piggy bank. You may find it hard and not effective because you will be opening and spending it in a day or two, but I have a technique you can use selective saving. Basically, you choose a denomination or a bill like $1, $5, $10, $20, $50, $100 or what so ever, and every time you are given money, you spend or get your salary and see your chosen bill, you take it aside and save it. So if you choose $10. you take it aside and save it every time you have one. Maybe after a month you can see it for yourself, a piggy bank full of $10.

I am doing that, since I don't own a car, and I commute going to the office, drivers always give me a coin change for my fare, and since I really hate that jingling sound in my pocket, I usually put it in the piggy bank when I got home...Soon you will forget about your piggy bank and only notice it when you are not busy or during holidays...

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Sounds reasonable for the short term though I can see alot of people not holding out a month or just before their pay cheque. If you do spend everything you earn within the same month you earn, that would not qualify as savings. The only thing I know that works is some special accounts reward new customers who 'save' their monthly pay cheque with them and they give a bonus interest rate even when its all gone same month

Quote from: 2legit2 on September 27, 2016, 07:03:27 PM

Quote from: sirohige on September 27, 2016, 09:03:17 AM

we have some way to saving our money,
we can use gold, fiat currency, also bitcoin too.

the saving money can be use as investment too, in fact if our fiat get inflation or rising in the market stock it's can be called we invest our money in fiat currency in bank, not only save it.

gold is the best if you actually want to save your money because bitcoin is too fluctuating

Gold is best for long term but its relatively illiquid in comparison to bitcoin which can be used within an hour from storage to exchange for goods. Gold has a premium to its transition though i did hear of goldmoney coin or some scheme to allow gold to be spent ever day for food or whatever small normal items
https://www.goldmoney.com/bitgold

Cazkys

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One of the best way to save money especially if you don't have a bank account, is by having a piggy bank. You may find it hard and not effective because you will be opening and spending it in a day or two, but I have a technique you can use selective saving. Basically, you choose a denomination or a bill like $1, $5, $10, $20, $50, $100 or what so ever, and every time you are given money, you spend or get your salary and see your chosen bill, you take it aside and save it. So if you choose $10. you take it aside and save it every time you have one. Maybe after a month you can see it for yourself, a piggy bank full of $10.

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Quote from: Positid on September 29, 2016, 01:23:57 AM

It's a better idea if you will directly save your money to the bank because the moment you just hold your money in your pocket you can easily be tempted to buy things outside especially when you love to roam around the city, that's what you do if you want to discipline yourself.

People can consider that but if they have such bank account, don't use online banking or anything that they can touch that account outside because that is more tempting.

But you know, discipline is the key. Even money is accessible or something that it just saved in a box, discipline will control people's behavior on how they will save their money.

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Quote from: passwordnow on September 28, 2016, 10:06:29 PM

Quote from: bamboylee on September 28, 2016, 11:20:06 AM

Quote from: saiha on September 27, 2016, 09:31:02 PM

Quote from: 2legit2 on September 27, 2016, 07:03:27 PM

Quote from: sirohige on September 27, 2016, 09:03:17 AM

we have some way to saving our money,
we can use gold, fiat currency, also bitcoin too.

the saving money can be use as investment too, in fact if our fiat get inflation or rising in the market stock it's can be called we invest our money in fiat currency in bank, not only save it.

gold is the best if you actually want to save your money because bitcoin is too fluctuating

For people who have gold they are going to say that gold is the best and the best way to save money is with gold. But for me since I don't have gold.

I am going to say if you want to save money then you are going to use bitcoin for saving it. Because if you are going to save bitcoins you are doing it in dual purpose.

While saving bitcoins you are also investing so when the price increases you have profit.

Putting your money in bitcoin is not saving, it is investing. THe concept of saving money is that you put away something that you can easily pull if you need it, example, for emergencey purposes. But if you put your money in bitcoin and you need the money while bitcoin price is down, then you have less money and you are selling bitcoin at a loss. Just control yourself and save for rainy-day-fund first. THen save for investments. If your investments are earning, it will be easier for you to save more.

For me the easiest way to save money is by just opening a bank account and every time you have excess money deposit it already in the bank. And if you can't even approved to have a bank account buy a piggy bank and make it as your personal bank always deposit bills or coins in your piggy bank. That is going to help you save money.

It's a better idea if you will directly save your money to the bank because the moment you just hold your money in your pocket you can easily be tempted to buy things outside especially when you love to roam around the city, that's what you do if you want to discipline yourself.

passwordnow

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Quote from: bamboylee on September 28, 2016, 11:20:06 AM

Quote from: saiha on September 27, 2016, 09:31:02 PM

Quote from: 2legit2 on September 27, 2016, 07:03:27 PM

Quote from: sirohige on September 27, 2016, 09:03:17 AM

we have some way to saving our money,
we can use gold, fiat currency, also bitcoin too.

the saving money can be use as investment too, in fact if our fiat get inflation or rising in the market stock it's can be called we invest our money in fiat currency in bank, not only save it.

gold is the best if you actually want to save your money because bitcoin is too fluctuating

For people who have gold they are going to say that gold is the best and the best way to save money is with gold. But for me since I don't have gold.

I am going to say if you want to save money then you are going to use bitcoin for saving it. Because if you are going to save bitcoins you are doing it in dual purpose.

While saving bitcoins you are also investing so when the price increases you have profit.

Putting your money in bitcoin is not saving, it is investing. THe concept of saving money is that you put away something that you can easily pull if you need it, example, for emergencey purposes. But if you put your money in bitcoin and you need the money while bitcoin price is down, then you have less money and you are selling bitcoin at a loss. Just control yourself and save for rainy-day-fund first. THen save for investments. If your investments are earning, it will be easier for you to save more.

For me the easiest way to save money is by just opening a bank account and every time you have excess money deposit it already in the bank. And if you can't even approved to have a bank account buy a piggy bank and make it as your personal bank always deposit bills or coins in your piggy bank. That is going to help you save money.

Gilf

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Quote from: saiha on September 27, 2016, 09:31:02 PM

Quote from: 2legit2 on September 27, 2016, 07:03:27 PM

Quote from: sirohige on September 27, 2016, 09:03:17 AM

we have some way to saving our money,
we can use gold, fiat currency, also bitcoin too.

the saving money can be use as investment too, in fact if our fiat get inflation or rising in the market stock it's can be called we invest our money in fiat currency in bank, not only save it.

gold is the best if you actually want to save your money because bitcoin is too fluctuating

For people who have gold they are going to say that gold is the best and the best way to save money is with gold. But for me since I don't have gold.

I am going to say if you want to save money then you are going to use bitcoin for saving it. Because if you are going to save bitcoins you are doing it in dual purpose.

While saving bitcoins you are also investing so when the price increases you have profit.

It is when you consider that prices will rise, and then the profit is likely. But Bitcoin the currency is very capricious and invest in bitcoin in the long term is very risky.

bamboylee

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Quote from: saiha on September 27, 2016, 09:31:02 PM

Quote from: 2legit2 on September 27, 2016, 07:03:27 PM

Quote from: sirohige on September 27, 2016, 09:03:17 AM

we have some way to saving our money,
we can use gold, fiat currency, also bitcoin too.

the saving money can be use as investment too, in fact if our fiat get inflation or rising in the market stock it's can be called we invest our money in fiat currency in bank, not only save it.

gold is the best if you actually want to save your money because bitcoin is too fluctuating

For people who have gold they are going to say that gold is the best and the best way to save money is with gold. But for me since I don't have gold.

I am going to say if you want to save money then you are going to use bitcoin for saving it. Because if you are going to save bitcoins you are doing it in dual purpose.

While saving bitcoins you are also investing so when the price increases you have profit.

Putting your money in bitcoin is not saving, it is investing. THe concept of saving money is that you put away something that you can easily pull if you need it, example, for emergencey purposes. But if you put your money in bitcoin and you need the money while bitcoin price is down, then you have less money and you are selling bitcoin at a loss. Just control yourself and save for rainy-day-fund first. THen save for investments. If your investments are earning, it will be easier for you to save more.

Finestream

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Quote from: saiha on September 27, 2016, 09:31:02 PM

Quote from: 2legit2 on September 27, 2016, 07:03:27 PM

Quote from: sirohige on September 27, 2016, 09:03:17 AM

we have some way to saving our money,
we can use gold, fiat currency, also bitcoin too.

the saving money can be use as investment too, in fact if our fiat get inflation or rising in the market stock it's can be called we invest our money in fiat currency in bank, not only save it.

gold is the best if you actually want to save your money because bitcoin is too fluctuating

For people who have gold they are going to say that gold is the best and the best way to save money is with gold. But for me since I don't have gold.

I am going to say if you want to save money then you are going to use bitcoin for saving it. Because if you are going to save bitcoins you are doing it in dual purpose.

While saving bitcoins you are also investing so when the price increases you have profit.

That could be true, and on my opinion if you can invest for gold you already belong to the higher class in the society, for us who are just making to make our way to success, we need to be realistic and just focus on what we can, we have to save in order to have the chance to invest in the future.

saiha

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Quote from: 2legit2 on September 27, 2016, 07:03:27 PM

Quote from: sirohige on September 27, 2016, 09:03:17 AM

we have some way to saving our money,
we can use gold, fiat currency, also bitcoin too.

the saving money can be use as investment too, in fact if our fiat get inflation or rising in the market stock it's can be called we invest our money in fiat currency in bank, not only save it.

gold is the best if you actually want to save your money because bitcoin is too fluctuating

For people who have gold they are going to say that gold is the best and the best way to save money is with gold. But for me since I don't have gold.

I am going to say if you want to save money then you are going to use bitcoin for saving it. Because if you are going to save bitcoins you are doing it in dual purpose.

While saving bitcoins you are also investing so when the price increases you have profit.

2legit2

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Quote from: sirohige on September 27, 2016, 09:03:17 AM

we have some way to saving our money,
we can use gold, fiat currency, also bitcoin too.

the saving money can be use as investment too, in fact if our fiat get inflation or rising in the market stock it's can be called we invest our money in fiat currency in bank, not only save it.

gold is the best if you actually want to save your money because bitcoin is too fluctuating

diodio5

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Quote from: lienfaye on September 24, 2016, 06:55:01 AM

Quote from: Iceborn on September 22, 2016, 09:25:27 PM

I think its easy to save up some money, just put a certain amount every month into another bank account and do this every time.
You are on that way saving money on an easy way.

Its easy for those who have no problem with money but for some people its hard because you have to budget first your salary for the daily expenses of your family. but its not an excuse, any amount will do because in the future the money you save little by little can be a big help in times of emergency.

may be easier if you keep your money little by little, because I'm sure it will be difficult for many people if they keep most of their income and not use it, because I believe every human being has a desire to buy, so I think saving money little by little it is not the problem?

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Quote from: sirohige on September 27, 2016, 09:03:17 AM

we have some way to saving our money,
we can use gold, fiat currency, also bitcoin too.

the saving money can be use as investment too, in fact if our fiat get inflation or rising in the market stock it's can be called we invest our money in fiat currency in bank, not only save it.

Many doesn't want to invest in the stock market it's either they don't know how the market works and moves. It is just like investing in bitcoins and for me if you have a lot of money just leave the job to the bank and open a bank account to deposit your savings there. So that in no time you are going to have something to pull in your pocket.

Noctis Connor

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Quote from: jakelyson on September 19, 2016, 12:30:04 PM

Quote from: Heleudimitrij on September 18, 2016, 11:51:30 AM

Just simply don't spend your money if you don't have to

I was trying to do that all my life but it does not work. If all your thinking is not spending your money, then you will be spending them. I think the more I think not to spend, the more I spend. It is weird, right? The thing that worked for me is to put away the money you intend to save in a place you can't touch. You do this right after you receive your salary.

Lol spending is not solution is saving money , if you don't spend then where you gonna use for buying foods etc? and your daily needs right we all trying hard to do this things but in the end we might lose our money for buying we want something it is more if just save it into banks and deposit to earn more money.

Topic: How to save money. - page 12. (Read 345785 times)