Topic: How to save money. - page 132. (Read 345783 times)

There's a pretty hardcore mode to store BTC. I think there's a way to put a countdown in a wallet so it locks and it's impossible to access it until the countdown is done. So what you do is set the countdown to 1 year, this will pretty much force you to hold 1 year, effectively saving money. Nothing more straight forward than that.

if you have a regular job with a normal salary you can try my suggestion that you will save your 20% of your monthly salary and spend it in 2 different ways and donation for charity is a good way to enjoy your savings and not only for your self.

There's a pretty hardcore mode to store BTC. I think there's a way to put a countdown in a wallet so it locks and it's impossible to access it until the countdown is done. So what you do is set the countdown to 1 year, this will pretty much force you to hold 1 year, effectively saving money. Nothing more straight forward than that.

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 always try this method,and trust me its worked
but not only 10% that i saved but i always remove at least 5% from my wage for charity
thats one of my best save money method and of course i've got profit from it

"I'd rather say get rid of them completely. Cash will make you feel in control of your expenditures."

From these words I can understand only things that make me tell what I told in my previous post.

Anyhow now is clear everything. It was a misunderstanding. 

I think if you can manage your funds and bills properly then using credit cards will be good and some times you can get some good discounts on some items to buy using certain credit cards so I always use my credit card for purchases. but when you use credit card you must remember to pay the bill on right time to avoid all those late fees.

I'd rather say get rid of them completely. Cash will make you stay in control of your expenditures. You won't be quite happy to see it vanish from your hands...

You seem to have misunderstood my post entirely. I'm in no case suggesting to get back to the pre-card era. Bank cards are a huge step forward, I'm a fervent supporter and pathological user of them (I mean debit cards, of course). That said, I nevertheless warn people from using them if they can't control their outlays, since bank cards do greatly contribute to wild mindless spending...

Sorry for this post and I don't want to be polemical. I want only to express some thoughts. This way of thinking about the use of credit card remember me the history and precisely when the credit card was released in the market. No one wanted those and initially the ideators was afraid that it would be a big failure. Then slowly the people begun to understand the advantages of those compare with the cash and today no one cannot imagine its life without those. It is true that nowadays use a credit card is a little risky but I think that this cannot push as to deny those. Are to useful comparing to the cash and is it worth risking. Otherwise in this way the people must return to the caves when are more secure than in the city. 

I'd rather say get rid of them completely. Cash will make you feel in control of your expenditures

Most people don’t track what they spend and may not realize when expenses add up to more than their budget can handle. To keep track of what you spend, put aside what you think you should spend for the month on transportation, food, entertainment, etc. This will help you avoid buying things you don’t need and what’s left over can go into saving.

Use your debit and credit cards very carefully. To minimize interest charges try to limit credit card purchases to those you can pay off in full at the end of the month.

I always try this method,and trust me its worked
but not only 10% that i saved but i always remove at least 5% from my wage for charity
thats one of my best save money method and of course i've got profit from it

always remove at least 10% of your profits / wages and put into a savings account.

always remove at least 10% of your profits / wages and put into a savings account.

always remove at least 10% of your profits / wages and put into a savings account.

You get little profit? This had to be expected, lol

Use your debit and credit cards very carefully. To minimize interest charges try to limit credit card purchases to those you can pay off in full at the end of the month.