How to save money. - page 173. | Bitcointalksearch.org

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: BTCevo on April 27, 2015, 07:39:10 AM

Quote from: romjpn on April 26, 2015, 11:30:45 PM

I'm buying things second-hand mostly. This helps a lot

.
I could prepare my own food and bring it at my job but I'm too lazy for that Tongue

.
I think the best step is : work remotely (digital nomad) and go live in a cheap country. In Europe it's Portugal, Lithuania etc...
SE Asia is good as well. Cambodia is providing unlimited resident visa for ~300$ a year for example and you can live there quite cheap.
That's a thing I want to experience but now I'm a young wage slave in Tokyo with an emergency fund of 500 000 yens.

Yes buying second things is helping you for your living cost, but how about if someone is being born not in a lets say a middle country or may be low. How are you going to suggest him with this condition?

another way to save money, is buying only needed things, like food, personal hygiene stuff, and nothing else

for your children you can buy un-expensive thing that don't rely on their brand, so avoid something like nike, but buy the same item under a cheap brand

Dick Valentine

newbie

Activity: 20

Merit: 0

Best way to save: don't spend and just save. I think most people in the western world could easily save up if they just cut back their spending and cut out things they don't need.

Quote from: romjpn on April 26, 2015, 11:30:45 PM

I'm buying things second-hand mostly. This helps a lot

.
I could prepare my own food and bring it at my job but I'm too lazy for that Tongue

.
I think the best step is : work remotely (digital nomad) and go live in a cheap country. In Europe it's Portugal, Lithuania etc...
SE Asia is good as well. Cambodia is providing unlimited resident visa for ~300$ a year for example and you can live there quite cheap.
That's a thing I want to experience but now I'm a young wage slave in Tokyo with an emergency fund of 500 000 yens.

I'd like to save up a lot of bitcoins for the next couple of years with the hope that I can go live in a cheaper country and live off them someday. If that doesn't happen I'd at least like to go traveling on my bitcoins.

Dotakels

sr. member

Activity: 490

Merit: 255

Quote from: Erdogan on April 27, 2015, 08:36:26 AM

Quote from: Erza on April 27, 2015, 07:22:00 AM

Quote from: Erdogan on April 27, 2015, 06:15:24 AM

To save money nowadays, is to not save money, but rather save in valuable things. Half the people understand that. Be short dollar and long house. There are two problems: 1 Houses might go down. 2 Not everybody is in the position to get a loan (short dollar) and buy a house (long house).

What everybody can do is to set aside whatever you can (want) of your income and store the value in sound money, that is, money that is not designed to go down in value.

So what are you suggest to store? And which money that is not designed to go down in value? All money that have been designed is always down in value no matter what because that is being controlled by market not us that have a power to control it

I thought it would be obvious in this forum. Bitcoin is sound money. I introduced bitcoin to some interested people - they started with one single dollar each, which I converted to bitcoin and sent to their mobile wallets.

Yes its sounds like money but the most important things are what ypu have learn with crytocurrency and the system how the value og bitcoin going up or down, but i am not saying that i dont have money i am not hypocrites.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: Erza on April 27, 2015, 07:22:00 AM

Quote from: Erdogan on April 27, 2015, 06:15:24 AM

To save money nowadays, is to not save money, but rather save in valuable things. Half the people understand that. Be short dollar and long house. There are two problems: 1 Houses might go down. 2 Not everybody is in the position to get a loan (short dollar) and buy a house (long house).

What everybody can do is to set aside whatever you can (want) of your income and store the value in sound money, that is, money that is not designed to go down in value.

So what are you suggest to store? And which money that is not designed to go down in value? All money that have been designed is always down in value no matter what because that is being controlled by market not us that have a power to control it

I thought it would be obvious in this forum. Bitcoin is sound money. I introduced bitcoin to some interested people - they started with one single dollar each, which I converted to bitcoin and sent to their mobile wallets.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

The ultimate way to cold storage money and dont waste it into shit you dont need is basically encrypting the wallet with a randomly generate string, but this would be done by someone you trust (like you brother or something). The paper wallet would be saved in their house and not yours, keep under a safe that they control.
This must seem like pain but in a decade you will be happy to be such a hardcore saver.

That is in terms of BTC, in terms of fiat i dont care about saving it.

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: romjpn on April 26, 2015, 11:30:45 PM

I'm buying things second-hand mostly. This helps a lot

.
I could prepare my own food and bring it at my job but I'm too lazy for that Tongue

.
I think the best step is : work remotely (digital nomad) and go live in a cheap country. In Europe it's Portugal, Lithuania etc...
SE Asia is good as well. Cambodia is providing unlimited resident visa for ~300$ a year for example and you can live there quite cheap.
That's a thing I want to experience but now I'm a young wage slave in Tokyo with an emergency fund of 500 000 yens.

Yes buying second things is helping you for your living cost, but how about if someone is being born not in a lets say a middle country or may be low. How are you going to suggest him with this condition?

Erza

legendary

Activity: 1078

Merit: 1000

Quote from: Erdogan on April 27, 2015, 06:15:24 AM

To save money nowadays, is to not save money, but rather save in valuable things. Half the people understand that. Be short dollar and long house. There are two problems: 1 Houses might go down. 2 Not everybody is in the position to get a loan (short dollar) and buy a house (long house).

What everybody can do is to set aside whatever you can (want) of your income and store the value in sound money, that is, money that is not designed to go down in value.

So what are you suggest to store? And which money that is not designed to go down in value? All money that have been designed is always down in value no matter what because that is being controlled by market not us that have a power to control it

Erdogan

legendary

Activity: 1512

Merit: 1005

To save money nowadays, is to not save money, but rather save in valuable things. Half the people understand that. Be short dollar and long house. There are two problems: 1 Houses might go down. 2 Not everybody is in the position to get a loan (short dollar) and buy a house (long house).

What everybody can do is to set aside whatever you can (want) of your income and store the value in sound money, that is, money that is not designed to go down in value.

romjpn

full member

Activity: 193

Merit: 100

I'm buying things second-hand mostly. This helps a lot

.
I could prepare my own food and bring it at my job but I'm too lazy for that Tongue

.
I think the best step is : work remotely (digital nomad) and go live in a cheap country. In Europe it's Portugal, Lithuania etc...
SE Asia is good as well. Cambodia is providing unlimited resident visa for ~300$ a year for example and you can live there quite cheap.
That's a thing I want to experience but now I'm a young wage slave in Tokyo with an emergency fund of 500 000 yens.

freeyourmind

sr. member

Activity: 364

Merit: 252

Quote from: Dotakels on April 26, 2015, 10:32:59 PM

To surely that you have a saving every month is Savings-Income=Expenses. This formula will help you to determine what are you going to do. This is the easy way to know how much your savings and your expenses. Try this it would help you.

I think you meant Income - Savings = Expenses Wink

And since you control income and expenses, maybe an easier way to look at it is Income - Expenses = Savings. But I'm not sure if this basic formula will help someone that is struggling to save.

Dotakels

sr. member

Activity: 490

Merit: 255

To surely that you have a saving every month is Savings-Income=Expenses. This formula will help you to determine what are you going to do. This is the easy way to know how much your savings and your expenses. Try this it would help you.

Erza

legendary

Activity: 1078

Merit: 1000

Quote from: nerFohanzo on April 26, 2015, 07:38:46 AM

To start with saving money is first you need to have a job, Once the income is started make an action plan, make two columns . Income VS Expenses. Keep some money safe at Home for emergency purposes. Follow the plan in the best possible way. Just try to save 15 to 20% of your salary.

Saving money is a good thing to do but its better just to save some 15%-20% at home and the rest you can invest it rather than save your salary at bank that give you a low interest and need to wait couple of years to withdraw your money

nerFohanzo

hero member

Activity: 631

Merit: 500

To start with saving money is first you need to have a job, Once the income is started make an action plan, make two columns . Income VS Expenses. Keep some money safe at Home for emergency purposes. Follow the plan in the best possible way. Just try to save 15 to 20% of your salary.

umaOuma

hero member

Activity: 938

Merit: 1000

Start with small Investment. Reduce Expenses, Try to work overtime, have a savings a/c , figure out total monthly income with expenses, if expenses are more either reduce them or find alternate source of income apart from job.. dream about big thing u want to buy, savings will start automatically.

Dotakels

sr. member

Activity: 490

Merit: 255

Quote from: Xenoph0bia on April 26, 2015, 05:46:59 AM

avoid starbucks coffee prepare it on your own go for jogging in early morning this will save gym expenses walk and go to office it will reduce cab or bus expenses use prepaid connection on your cell phones and use only at the time of emergency this are the simplest way to save money.

Your not saving, you are conserve your money. Dont conserve yourselves just only save 20% of your salary and you can spend your remaining money to the payments and bills and if theres left buy what you want because you already save.

Xenoph0bia

hero member

Activity: 966

Merit: 501

avoid starbucks coffee prepare it on your own go for jogging in early morning this will save gym expenses walk and go to office it will reduce cab or bus expenses use prepaid connection on your cell phones and use only at the time of emergency this are the simplest way to save money.

hunnaryb

hero member

Activity: 506

Merit: 500

saving money is a tough job to do nowadays. employees are not getting higher wages and expenses are at door step present scenario is expenses exceeds income alternate way to save money is to have an extra income or may working overtime which can help in earning more and saving more.

mearylll

sr. member

Activity: 315

Merit: 250

investment is the best option to save money for future causes. just start investing from small amount may be life insurance or in stocks. but stocks are little risky to invest life insurance pays you good and safe returns on your investment but in stocks you can make quick money.

wearepoor

hero member

Activity: 784

Merit: 500

planning plays an important role in saving money. no plan no savings..keep track record of expenses and review it on weekly and monthly basis this will give u an exact idea of where you are spending more and prepare an action plan so that one can reduce expenses in coming time.

zendantom

full member

Activity: 195

Merit: 100

avoid unwanted expenses..stop buying from grocerry every 2 months this will sound ridiculous but the main reason is some of the stuff will get stale over a period of 2 months and at that time you will realise that money has been wasted so buy stuff on weekly basis and save money.

Topic: How to save money. - page 173. (Read 345824 times)