Topic: How to save money. - page 183. (Read 345783 times)
I think it's actually quite easy to save money as long as you have the discipline. I'm pretty good at saving money and have much more than all my friends but I think it's about finding a balance. My friends tend to spend a lot of money on alcohol and going out whereas I don't. They probably enjoy themselves more than me but I know they all hate having no money but can't seem to change their habits. I go out once a or twice a month to party or whatnot but they go out once or twice a week and then have zero money at the end of the month and that then means no luxuries or holidays in the future. If they ever get into trouble financially or lose their job they then can spiral into debt quite quickly.
Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.
To do all of these you first need to make some money... it all starts with having a job or some sort of monthly income where you can save a % of it monthly. If you are only paying bills you are another poor soul trapped in the system with no hope.The sad reality is that there are plenty of poor souls all over the world that works only to pay bills and sometimes need to make a loan in order to survive. Majority of the people in the world are still enslaved by debt, and we can say that it is because of their limited control over their own money. Regulations here, authorities there, banks and financial institutions that will strangle you to death with those taxes and fees that aren't really necessary. Bitcoin stood and set forth another chance for those poor souls to at least experience a life that is comfortable and favorable, but that is until bitcoin reach the masses and see worldwide adoption.
You can easily agree on my point because well, as we know it, we live in the same country. The situations I've stated above is very evident in our place. Corruption and greediness of the authorities adds up to the already heavy burden of my poor countrymen. Add those financial institutions and banks that offer loans with an insane amount of interest rates? I don't know if you can still survive that mess.
Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.
To do all of these you first need to make some money... it all starts with having a job or some sort of monthly income where you can save a % of it monthly. If you are only paying bills you are another poor soul trapped in the system with no hope.The sad reality is that there are plenty of poor souls all over the world that works only to pay bills and sometimes need to make a loan in order to survive. Majority of the people in the world are still enslaved by debt, and we can say that it is because of their limited control over their own money. Regulations here, authorities there, banks and financial institutions that will strangle you to death with those taxes and fees that aren't really necessary. Bitcoin stood and set forth another chance for those poor souls to at least experience a life that is comfortable and favorable, but that is until bitcoin reach the masses and see worldwide adoption.
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.
Buying luxarys is fine, aslong as the person is not spending to much money on them, that's the issue.
Saving money is not to deny yourself everything you don't need. Everyone deserves a "treat" now and again. Spending money is about prioritising. You need to rank purchases/expenditure by their importance. Rent trumps new phone, food trumps new pair of jeans, you get my point.
Saving money comes very hard to me. Not good at it. I will keep this in mind and give it a try too. Thank you.
Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.
To do all of these you first need to make some money... it all starts with having a job or some sort of monthly income where you can save a % of it monthly. If you are only paying bills you are another poor soul trapped in the system with no hope.The sad reality is that there are plenty of poor souls all over the world that works only to pay bills and sometimes need to make a loan in order to survive. Majority of the people in the world are still enslaved by debt, and we can say that it is because of their limited control over their own money. Regulations here, authorities there, banks and financial institutions that will strangle you to death with those taxes and fees that aren't really necessary. Bitcoin stood and set forth another chance for those poor souls to at least experience a life that is comfortable and favorable, but that is until bitcoin reach the masses and see worldwide adoption.
Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.
To do all of these you first need to make some money... it all starts with having a job or some sort of monthly income where you can save a % of it monthly. If you are only paying bills you are another poor soul trapped in the system with no hope. Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.
True. And also, if you are thinking about investing, having a diversified portfolio is great. It allows you to minimize the risks that you might encounter and gives you an assurance that you will not lose everything that you have once an investment of yours encounter bankruptcy or a great loss.
Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.
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 .
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 .
Ohhh, just simply, keep it in your safe
-dont eat crap like fast food. its not cheap and you get no nutrition. eat more fresh fruits/vegitables
-cut out smoking/drinking
-make your own coffee
-rethink your expensive phone/data plan
-get rid of car payment (pay cash for used car)
-DONT USE CREDIT CARDS. If you cant afford something today, you probably dont NEED it today
just a few ways I can think of
-cut out smoking/drinking
-make your own coffee
-rethink your expensive phone/data plan
-get rid of car payment (pay cash for used car)
-DONT USE CREDIT CARDS. If you cant afford something today, you probably dont NEED it today
just a few ways I can think of
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 .
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 .
Ohhh, just simply, keep it in your safe
Its not my fault. But what your is job? Do you think that your job only for $9.57?and i said that a month. Not in a day.
Nice to see my classmate post in here. Finally managed to get him in here and know what bitcoin really is. A great start, dude. Keep it up.
As for the topic, it is indeed true that you must save some of your salary in case shit happens. It's better to be safe than to be sorry after all. 20% is a good percent if you might ask me, and as you have stated, it can be divided into two different ratio: emergency and cash reserves. In this way, you might avoid the hassles of loans whenever an emergency happened when you least expected it. Also, you can have something to spend whenever you run short of your salary.
Yes. Discipline is what the younger generation lacks today. We tend to be pressured by different trends and sometimes "want" to be in the trend so we end up spending rather than saving.
We live in the Philippines. The minimum wage is Php 429 (or $9.57 at the time of writing) for 8 hours. Very low, yes. You can't even live decent with those for a month, so people end up being indebted and therefore cannot save money for whenever an emergency occur. But amazingly, people can go with it, but tbh, the wage is so low that you cannot live very comfortably with the salary you might receive on your payday.
If the minimum wage is $9.57 then how are you being paid $7.50. A minimum wage of about 10 us dollars actually isn't bad here, with the currency exchange thats actually higher than the canadian minimum wage. Or is that 9.57 for a total of 8 hours of work? I think that violates human rights, 1 dollars an hour is too lowAs for the topic, it is indeed true that you must save some of your salary in case shit happens. It's better to be safe than to be sorry after all. 20% is a good percent if you might ask me, and as you have stated, it can be divided into two different ratio: emergency and cash reserves. In this way, you might avoid the hassles of loans whenever an emergency happened when you least expected it. Also, you can have something to spend whenever you run short of your salary.
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.
Yes. Discipline is what the younger generation lacks today. We tend to be pressured by different trends and sometimes "want" to be in the trend so we end up spending rather than saving.
Good post, I will keep this in mind (20% of salary sounds good but some people might not have enough of a salary to save that much), but how are you making $7.5 an hour. I am assuming you live in a country other than the US or Canada where that wage would be illegal because your language/grammar is a tiny bit off and the wage of $7.5 would be illegal here. Where are you from?
We live in the Philippines. The minimum wage is Php 429 (or $9.57 at the time of writing) for 8 hours. Very low, yes. You can't even live decent with those for a month, so people end up being indebted and therefore cannot save money for whenever an emergency occur. But amazingly, people can go with it, but tbh, the wage is so low that you cannot live very comfortably with the salary you might receive on your payday.
If the world spent like I did, or rather didn't, we'd still be living in the trees.
The only thing I spend proper money on is travel. Other than that I can't ever think of objects that I want any more. I seem to have everything that does the job.
I enjoy smoking. I'd quit if I had to pay the full price. I get mine tax free from abroad.
The thing that catches people out in my experience is the everyday little 'treats'. If you're nipping into Starbucks a couple of times a day, that can easily add up to a ton of money over a year.
If you've got the cash to burn, then great. Most people don't and wonder why they're left scraping around without properly thinking through where their money's getting burnt.
The only thing I spend proper money on is travel. Other than that I can't ever think of objects that I want any more. I seem to have everything that does the job.
I enjoy smoking. I'd quit if I had to pay the full price. I get mine tax free from abroad.
The thing that catches people out in my experience is the everyday little 'treats'. If you're nipping into Starbucks a couple of times a day, that can easily add up to a ton of money over a year.
If you've got the cash to burn, then great. Most people don't and wonder why they're left scraping around without properly thinking through where their money's getting burnt.
Nice to see my classmate post in here. Finally managed to get him in here and know what bitcoin really is. A great start, dude. Keep it up.
As for the topic, it is indeed true that you must save some of your salary in case shit happens. It's better to be safe than to be sorry after all. 20% is a good percent if you might ask me, and as you have stated, it can be divided into two different ratio: emergency and cash reserves. In this way, you might avoid the hassles of loans whenever an emergency happened when you least expected it. Also, you can have something to spend whenever you run short of your salary.
Yes. Discipline is what the younger generation lacks today. We tend to be pressured by different trends and sometimes "want" to be in the trend so we end up spending rather than saving.
We live in the Philippines. The minimum wage is Php 429 (or $9.57 at the time of writing) for 8 hours. Very low, yes. You can't even live decent with those for a month, so people end up being indebted and therefore cannot save money for whenever an emergency occur. But amazingly, people can go with it, but tbh, the wage is so low that you cannot live very comfortably with the salary you might receive on your payday.
If the minimum wage is $9.57 then how are you being paid $7.50. A minimum wage of about 10 us dollars actually isn't bad here, with the currency exchange thats actually higher than the canadian minimum wage. Or is that 9.57 for a total of 8 hours of work? I think that violates human rights, 1 dollars an hour is too low As for the topic, it is indeed true that you must save some of your salary in case shit happens. It's better to be safe than to be sorry after all. 20% is a good percent if you might ask me, and as you have stated, it can be divided into two different ratio: emergency and cash reserves. In this way, you might avoid the hassles of loans whenever an emergency happened when you least expected it. Also, you can have something to spend whenever you run short of your salary.
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.
Yes. Discipline is what the younger generation lacks today. We tend to be pressured by different trends and sometimes "want" to be in the trend so we end up spending rather than saving.
Good post, I will keep this in mind (20% of salary sounds good but some people might not have enough of a salary to save that much), but how are you making $7.5 an hour. I am assuming you live in a country other than the US or Canada where that wage would be illegal because your language/grammar is a tiny bit off and the wage of $7.5 would be illegal here. Where are you from?
We live in the Philippines. The minimum wage is Php 429 (or $9.57 at the time of writing) for 8 hours. Very low, yes. You can't even live decent with those for a month, so people end up being indebted and therefore cannot save money for whenever an emergency occur. But amazingly, people can go with it, but tbh, the wage is so low that you cannot live very comfortably with the salary you might receive on your payday.
Good question. You can spend it if you need it. But if you don't really need don't spend it. And do not spend your savings for your personal interest only or buying a things that would not help you. Remember, no interest in savings. So dont think that your money is doubling or trippling.
"the first necessity of the man is the superfluos"
my suggestion is to save a small amount every day/week/month, so you don't end in trouble if you need money
and you don't need exactly to buy only needed things, you can buy some thing that make you happy from time to time, just be thrifty
my suggestion is to save a small amount every day/week/month, so you don't end in trouble if you need money
and you don't need exactly to buy only needed things, you can buy some thing that make you happy from time to time, just be thrifty
Thanks for your advice, I'll try to save some of my money again from now.
I tried it from a long time ago to create cash reserves, but after that I still spend it
Any way to make me not in touch with my reserves until the exact date?
I tried it from a long time ago to create cash reserves, but after that I still spend it
Any way to make me not in touch with my reserves until the exact date?
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