Topic: How to save money. - page 130. (Read 345824 times)

buy house and car, and pay for it every month. thats the only way save money..

buy house and car, and pay for it every month. thats the only way save money..

To save money first of all you need to be able to have excess money. A lot of people out there can't have excess of money simply because they get exactly right about enough money to pay bills, food, basic expenses, then they are back to 0. Every month, without a escape from this loop. This is why in capitalism most of the old money remains in old money's hand. If you are able to save money you are part of a privileged class.

Agreed with you, we should monitor our spending on a regular basis so that we can get a better idea of our exact expenses and we can then further sort all the expenses in the categories like which is mandatory and which can be avoided - unnecessary expenses. 

Investing is better to grow, but how long will it take? Some people live for the moment lol.

I think the important lesson in general is to watch what you spend.

Even though we all save money, its hard to save in general.

I mean we all want a new iphone 5 or iphone 6. So its a matter of self control.

exclude the daily spending and save the others! The saving is split to emergency money on side, the others are for investment!

Yes one may need more than 15% of current earnings for their retirement so we need to save more ......

It is a quite good move towards saving money but the % what your saving may not be sufficient for the retirement life so slowly you may increase your % of savings up to 30 to 40% for better future life. But I like the way how you manage your finances.

but  if you wanna go out to watch concerts or anything that make you happy, i think you should invest .

Investing is better to grow your money but it may loss because of risk.

keep diary listing every penny you spend. Even if you don't change your habits it's eye-opening to see where the money goes.

The best way to save money is to keep records of your spending and income.
Review it at the end of every month and adjust your spending accordingly.

I try to save 15% of my income every month, nice little security.

The best way to save money is to keep records of your spending and income.
Review it at the end of every month and adjust your spending accordingly.

I try to save 15% of my income every month, nice little security.

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 .

i only know that inflation can't affect your money and you want to save your money, save it or keep it from your wallet just exchange it into bitcoin and from this way you can also earn some profit by exchanging your bitcoin to your fiat money higher than when you exchange your money into bitcoin.