Topic: How to save money. - page 153. (Read 345783 times)

"Saving" in Bitcoin is quite attractive for people already saving much money (in order to prevent to pay tax, although here in The Netherlands you're still obligated to fill in your worth in Bitcoin for the tax).

I think you can also see buying Bitcoin as a way of investment because of the volatilty. It's a bit of a gamble whether you are going to make money or loose money. That's the same with investments (with high risks).

One of the best first steps I've seen some financial advisers give is to create a CASH emergency fund ASAP.  Some say $1000, some say more.  But it never hurts to have this emergency fund, because you ALWAYS will have things pop up (dental bill, car repair, etc).  Then you dont have to go into debt (use credit cards) to cover these situations, and you always stay ahead of the game.  And if you dont need to use that fund, then great! You're still ahead of the game! It never hurts to have this emergency fund

I believe in only spending when it is necessary. The worst is taking loans to buy stuff that depreciate in value. Younger generation these days tend to spend indiscriminately leaving very little for savings. When it comes to saving it's a matter whether one has the discipline to do it.

You can't predict when the unexpected expenses come, so you just need is to get ready for that expenses, and if you are worrying about your savings, don't worry because you are saving for that reasons and not all of your savings are going to spend with only that case.

Exactly it is as simple as that. Just avoid unwanted expenses or delay them to the next month. And saving requires a great level of discipline and need to follow it right from the dawn to the dark and it totally depends on an individual how he takes care of his expenses.

If a person wants to save, they don't open a god damn thread on an online forum and seek advise on how can you save... and the worst thing is you have described no fucking personal details as all, for an accurate calculation. The best way for any xyz person to save is divide his earnings and remove a portion of his source for savings. Don't touch that money till its a huge amount and spend it on something you NEED, not just want.

You seem to be confusing saving and investing there. Judging from your "words" I could say that you are holding and expecting the price to be 3,4 or 5 figures at least. The fact is that saving is different from investing, saving is merely putting your money safe and thats all.
If you are going to save in form of BTC then you should already be aware and able to take the risk due to the volatility . Your saving could be half of the value you put in before or it could be 2x of what you put in . On the other hand , if you are saving with BTC then you could rest assure about the security of it unless it is not connected to the network

Buy bitcoin and hold!

Come back in a few years!

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 .

Good advice, even tho saying "you don't need this" is relative tho. Sure thing, the only things we legitimately NEED is basic needs, the rest is relative and depends on the POV. For example for me, I needed to upgrade my computer recently, maybe other person could have said "you don't really need a better graphic card" but in my POV i really needed it so fuck it, I bought a new one.

The hard part is having money to be able to spend it on health care and insurance.  If you are making 7.5 like in the example that is tough.  I couldn't save money at that earning amount.

countries that are growing, it requires a lot of investors. especially in terms of capital investment, and countries in Asia is being actively seeking investors to raise their state of industry sectors and other

Agreed, in order to save some money you need to earn some money, only then you'll be able to save a part of it. And saving = earnings, so the more you save is the more you earn!

Sacrifices made in your youth will definitely pay well when you're an adult, it seems. I had a rough childhood but I always saved money for things I really desired. When I had the capability to buy them, I don't know why I didn't. Instead, I used my money to fund my further studies and it really paid off. It was an investment I made in myself, and I have received a lot of benefits from that

Not so easy for everybody if they have debt to pay from being a student.
But good advice that can be applied if you don't have a lot of debit to pay off or like really nice but expensive things.
Maybe live a frugal lifestyle and this will pay off in the end with a lot more savings than 20%.