Topic: How to save money. - page 125. (Read 345783 times)

This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

if a person wants to save money then he/she can do anything, what you are earning is not important , how you spend your earning is the main point, i have seen person earning 5000 Rs. is able to save atleast 250 Rs. per month, it is important that how you spend.

Not everybody have same income. In my country people work for less than 1$ per hour. If your needed expenses are higher than your initial income how come you can save money? It's impossible.

like OP say
look at this example

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

That is 100% true but if one should find a ways to save some percentage from their earnings for retirement life otherwise it will be very difficult later on and that's why one should start saving money when they are young and single. Later on after marriage and kids your expenses will grow and never come down. Either find a ways to save or find a ways to grow income that is only option to save money.

It's hard to save, unless you don't have much higher incomes then your monthly obligations or some extra income. Life is getting more and more expensive

My personal suggestion:
Try to cut all your unnecessary bills. For example netflix, spotify why would you need them if you try to save money?

It's hard to save, unless you don't have much higher incomes then your monthly obligations or some extra income. Life is getting more and more expensive

It's hard to save, unless you don't have much higher incomes then your monthly obligations or some extra income. Life is getting more and more expensive

I know right. Just take apple products for granted, everyone wants the new releases even though the device itself is too much for your budget. Because the BRAND itself has a great impact on the society you're in. People think if you have that kind of product your social status is above than the rest.

waiting until theres another brand new stuffs and the things that you want to buy will decrease the value because people want the latest one and not the old one.

Why bother to trade it with other currency. All in all the rates still the same. Bitcoin price always at the rates of USD. There is no BTC to PHP, BTC to Yuan or BTC to other fiat currency.

The best way to save money is to set up an automatic withdrawal from your savings or checking account to a mutual fund

Earn BTC and convert it to the other prospective big currency such as Yuan.
Will try trading on Bitreserve's bitgold later.

I do not know about bitgold.
But for some reason, i agree with your post.

Earn BTC and convert it to the other prospective big currency such as Yuan.
Will try trading on Bitreserve's bitgold later.

Buy gold and wait up price.

All I know is Bitreserve's bitgold is awesome. Flip from btc to gld to usd to yen to yuan and back to btc. Hold gold, but spend btc. All with real-time transparency.