Topic: How to save money. - page 133. (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 .

Actually I get little profit from gambling.

Let's call a spade a spade

We can save our money by saving on bank or invest on property.

If we want to save on bank, make sure that you have ID and making min initial deposit.
If you have big enough capital, you may invest for something precious like jewelry or property like land,house, apartment,etc since these investment type value will keep increasing year by year

I am really bit confused why you thought gambling is a place to save bitcoin. Thats a place to lose your money. If you want to save your bitcoin, just keep it in your wallet.

the best way to save bitcoins is definitely not gamble them all and not invest it into hyips, i lost a lot on those two aspects and now i dont do it

Great advice. But how would you start the approach of renting out an apartment without a huge amount of money to begin with?

save money by only buy what you need and not always what you want

That is the new trend to show off in public particularly young guys are so much interested in these new phone and they are ready to buy them even with high percentage of interest. That's why all these big telephone companies becoming very rich also these guys release new models every few months with some additional features and sell at high prices. Just avoid these thing then you will save lot of money in a year.

That's a really good advice. For instance when I look at my friends, many of them buy a new smartphone every 12-18 months.I have mine for 3 years now and it still works fine. The same goes with shoes or other stuff. I don't buy 5 pairs each year just because they are hip and trendy.

Do not buy unnecessary items then you can save lot of money and also no need to buy all latest gadgets instead just buy what it may need for you but many people just buy the latest items in the market but they never use them much so it is completely waste of money. If you want to save money then you must plan what and all you can avoid in buying.

save money by only buy what you need and not always what you want