How to save money. - page 128. | Bitcointalksearch.org

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Abiky on October 02, 2015, 09:12:09 AM

I've been saving money ever since I got scammed many times by cloud mining services. After that, I just started to save more and more to recoup my losses. Below, you can see a preview of a list that I've made to keep track of my income, expenses and trading on Bitcoin and other alts. Cheesy

What do you guys think about my spreadsheet? Does it need improvement? Any suggestions? I would like to know since it’s the first time I started something on this. If there is anything else, I would be glad to know. I’d appreciate your feedback.

thejaytiesto

legendary

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The best technique I ever seen is the one where at the end of the month you have a deep analysis of what you spend for the entire month and what you made with your wage or whatever business you have. Really look at it deeply and consider if what you think you need is really what you need or just some temporary fix. Doing this I managed to save a couple BTCs thus far and growing.

lemipawa

legendary

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Quote from: ?? on ??

save money from a daily basis. Don't think that in the end of month you will cut a big slice of your salary to fill your savings box, because it will never happen.

Just put small amounts on daily basis in a saving box.

I am doing this one, I have a jar with a very small opening that when ever I enter my room and I came from work I drop all my loose change there, anything (money) that is in my pocket goes there. It's almost half now as it's transparent and I can see that by December I can use this to buy my self a gift.

swogerino

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Quote from: Sourgummies on October 08, 2015, 08:38:01 PM

Impulse-buys are definitely a really killer point in lots of people's lives when they overspend.

Due to the fact that they don't need it and that it likely costs more than necessary, then it's just wasting money.

I agree with this! When I'm shopping, though, I think people with kids have the most trouble.

Kids that throw tamper tantrums when they're antsy for candy are pretty annoying.

ajrah

sr. member

Activity: 350

Merit: 250

Quote from: Omikifuse on October 09, 2015, 01:08:53 AM

Quote from: ajrah on October 08, 2015, 11:22:02 PM

Lately i'm doing this experiment or test if this can help me save Bitcoins from my earnings, I opened an account from Poloinex and every time I get paid from my signature campaign, faucets and any profits I get from trading I set aside a certain amount or percentage that I transfer to my Poloinex account and I never look at how much I have there already, I just check the transaction ID if transaction went through. I'm looking at 2-3 months of testing and i'm hoping to get positive results.

Why Poloniex? Why not a cold storage wallet? I think cold storage is better because would be harder to use it, so will be less likely that you spend the coins by impulse

I thought of that as well but I decided to use Poloniex so if I need to check how much I have saved including my other coins like Clams and Litecoins, I don't need to log in to another account or wallet, it's all there. It's just a test but maybe in the long run I might switch to cold wallet.

Omikifuse

legendary

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Quote from: ajrah on October 08, 2015, 11:22:02 PM

Lately i'm doing this experiment or test if this can help me save Bitcoins from my earnings, I opened an account from Poloinex and every time I get paid from my signature campaign, faucets and any profits I get from trading I set aside a certain amount or percentage that I transfer to my Poloinex account and I never look at how much I have there already, I just check the transaction ID if transaction went through. I'm looking at 2-3 months of testing and i'm hoping to get positive results.

Why Poloniex? Why not a cold storage wallet? I think cold storage is better because would be harder to use it, so will be less likely that you spend the coins by impulse

ajrah

sr. member

Activity: 350

Merit: 250

Lately i'm doing this experiment or test if this can help me save Bitcoins from my earnings, I opened an account from Poloinex and every time I get paid from my signature campaign, faucets and any profits I get from trading I set aside a certain amount or percentage that I transfer to my Poloinex account and I never look at how much I have there already, I just check the transaction ID if transaction went through. I'm looking at 2-3 months of testing and i'm hoping to get positive results.

Sourgummies

hero member

Activity: 728

Merit: 500

Never ending parties are what Im into.

Quote from: StevenLiang on October 07, 2015, 05:21:59 AM

In my humble opinion on saving money would be to cut unnecessary spending, instead of Pringles just buy a supermarket brand or other versions that are cheaper.

Cut cigs, alcohol and other unhealthy stuff if you can, you bought something and didn't use it at all?

Don't be lazy and go refund it.

There are many ways to save money and there are many reasons to save money.

Impulse-buys are definitely a really killer point in lots of people's lives when they overspend.

Due to the fact that they don't need it and that it likely costs more than necessary, then it's just wasting money.

Xenoph0bia

hero member

Activity: 966

Merit: 501

There are so many ways to save the money. Start with the small savings then convert them into the huge one, set some saving goals for your self. Prepare a budget plan, identify the expenses and review it on weekly basis and make sure to reduce the expenses which are costing more. At the end you will have exact idea whether to increase the income or reduce the expenses.

Dotakels

sr. member

Activity: 490

Merit: 255

Quote from: Poppy on October 07, 2015, 07:58:25 AM

Quote from: Dotakels on March 27, 2015, 02:33:37 PM

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 .

One sure way to save money is to think that you do not have any. In this way, you only get to spend money on the things you absolutely need.

things that you only need and don't give any attention on things that you only want and give you only a happiness, you can buy those thing but you must prioritize your needs.

Poppy

full member

Activity: 154

Merit: 100

Quote from: Dotakels on March 27, 2015, 02:33:37 PM

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 .

One sure way to save money is to think that you do not have any. In this way, you only get to spend money on the things you absolutely need.

StevenLiang

full member

Activity: 168

Merit: 100

In my humble opinion on saving money would be to cut unnecessary spending, instead of Pringles just buy a supermarket brand or other versions that are cheaper.

Cut cigs, alcohol and other unhealthy stuff if you can, you bought something and didn't use it at all?

Don't be lazy and go refund it.

There are many ways to save money and there are many reasons to save money.

Xenoph0bia

hero member

Activity: 966

Merit: 501

Reduce your expenses by spending on unwanted things, unwanted i mean to say is that find alternate way which costs you less avoid paying for cab just walk instead to office avoid going to gym go for jogging in early morning that will save your gym expenses. Each week, put some of the savings in a special account towards something you know you will really want but cannot afford. When you save enough to meet your goal, you will feel wonderful when you can buy it for cash from that saving.

jordanovmkd

newbie

Activity: 13

Merit: 0

Saving money is pretty good thing, not only for medical insurance after or losing job, it is great if you make it routine and do it on every income or every money you want to spend on something. When you first taught to buy something you see the price on the same products on a different place and buy from the cheapest one because it is also one way of saving, there are lots of people that do not look from where and what price they are buying because are rich or do not want to lost time on finding something tottaly the same on other place. If you are wasting money every day on things you do not need you are not value yourself and your work at job, you are wasting not only money you are wasting time. i am not telling that you have to be closed and not spending money on things you wanna try od do, i just want to say that you have to spend money only on things you really need and really want in that moment except you are having big income and in that case you do not have to save nothing, but things change quickly and you never know when you can lost your job, so pay attention to this question. Wink

phibay

sr. member

Activity: 448

Merit: 250

Quote from: Triple on October 06, 2015, 12:31:12 PM

Quote from: phibay on October 06, 2015, 12:19:44 PM

Quote from: Triple on October 06, 2015, 11:55:13 AM

Do any of you guys convert BTC you earn to cash and save them at the bank? Or do you guys just keep all of it in BTC and let it ride?

i don't cash out my bitcoins just to save them at the bank because personally, i consider my bitcoin wallet as a bank Grin

so basically, i just keep all my BTC in my bitcoin wallet and wait for the price to rise , HODLing for short Grin

You're not afraid of bitcoin suddenly falling? I mean, I myself convert at least 10% of my BTC to cash every month so I can put them in my savings.

i think i can say that i consider holding bitcoins as my savings (and also an investment) i also cash out bitcoins but only for spending purposes and not for saving. i am not afraid for the bitcoin price fall because i believe that won't happen, instead it will increase more (hopefully Cheesy

) i invest also on some ponzi but i am not afraid to be scammed , and that's part of being a risk taker Wink

Triple

hero member

Activity: 847

Merit: 500

But do you convert that 75% to cash or do you keep it as BTC and just save at a different wallet.

Proxiebuier

sr. member

Activity: 364

Merit: 250

Quote from: Triple on October 06, 2015, 12:31:12 PM

Quote from: phibay on October 06, 2015, 12:19:44 PM

Quote from: Triple on October 06, 2015, 11:55:13 AM

Do any of you guys convert BTC you earn to cash and save them at the bank? Or do you guys just keep all of it in BTC and let it ride?

i don't cash out my bitcoins just to save them at the bank because personally, i consider my bitcoin wallet as a bank Grin

so basically, i just keep all my BTC in my bitcoin wallet and wait for the price to rise , HODLing for short Grin

You're not afraid of bitcoin suddenly falling? I mean, I myself convert at least 10% of my BTC to cash every month so I can put them in my savings.

i save my bitcoin earning 75% every week Roll Eyes

i save a small amount because now i use $ to pay some cost of life

Triple

hero member

Activity: 847

Merit: 500

Quote from: phibay on October 06, 2015, 12:19:44 PM

Quote from: Triple on October 06, 2015, 11:55:13 AM

Do any of you guys convert BTC you earn to cash and save them at the bank? Or do you guys just keep all of it in BTC and let it ride?

i don't cash out my bitcoins just to save them at the bank because personally, i consider my bitcoin wallet as a bank Grin

so basically, i just keep all my BTC in my bitcoin wallet and wait for the price to rise , HODLing for short Grin

You're not afraid of bitcoin suddenly falling? I mean, I myself convert at least 10% of my BTC to cash every month so I can put them in my savings.

Proxiebuier

sr. member

Activity: 364

Merit: 250

Quote from: Triple on October 06, 2015, 11:55:13 AM

Do any of you guys convert BTC you earn to cash and save them at the bank? Or do you guys just keep all of it in BTC and let it ride?

i will never choose 1 place, better to safe 30% at Gold, 30% at Bitcoin and 40% at real money (US$)
we can get lose at 1 place and profit at other place

phibay

sr. member

Activity: 448

Merit: 250

Quote from: Triple on October 06, 2015, 11:55:13 AM

Do any of you guys convert BTC you earn to cash and save them at the bank? Or do you guys just keep all of it in BTC and let it ride?

i don't cash out my bitcoins just to save them at the bank because personally, i consider my bitcoin wallet as a bank Grin

so basically, i just keep all my BTC in my bitcoin wallet and wait for the price to rise , HODLing for short Grin

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