How to save money. - page 20. | Bitcointalksearch.org

clickerz

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Quote from: Docnaster on September 15, 2016, 02:15:27 AM

Saving money? Make saving bank account based on your country , If you want to save every time you get money from your parents or in your job make save at least 10-15 percent of your money it will helps you on how you are going to handle it. Saving money is like working too if you can work for money then you can save too for money. Very simple right?

Bank is not a good way to save money but it gives you a small interest. But its ok if your not after to grow it. You can buy some RTB's if you are serious enought to grow or other government issued bonds or treasury bills. Also, you can invest in mutual funds as it can minimized your losses on stocks.

bluechipinvestor

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I believe there are simple measures that can be taken and that can make a difference. For example, making a list of your expenses and scratching things that are not really necessary for you in your life. Good planning is essential.

agustina2

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Quote from: Digitalbitcoin on September 15, 2016, 11:51:11 AM

But my suggestion is why to put limit on expensive which are necessary, rather must have to find new way to generate money. Bitcoin gives that solution to everyone. But need to understand things.

I don't see any post (or am I missed it) about why putting some limitation on things which are necessary. Most of the post are pointing to just spend the money with the important things so limitation is out of line here since it's necessary in the first place.

Anyways it's good if ever people will find a way to make decent income since source of money in regular basis is important for people to make some good spendings and for saving purposes.

Digitalbitcoin

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I think saving money - statement dont make sense. I am saying this because wherever we earn we spend on necessities, and whatever remains is called saving.

But my suggestion is why to put limit on expensive which are necessary, rather must have to find new way to generate money. Bitcoin gives that solution to everyone. But need to understand things.

It took me 4 years to understand. And 2 years to believe in things as this can also Happen !

TheUltraElite

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So anyway, I applied as a merit source :)

You should keep track of your daily expenses and saving. Make sure to save up some of your earning and use the rest for daily expenses. Also be careful of ponzi/HYIP investments. Rather work on your own business and develop it so that you can earn more. As they say "Cut your coat according to your cloth" dont waste money in things that you dont need - remember necessities come before luxury.

uncaer9

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Quote from: Docnaster on September 15, 2016, 02:15:27 AM

Saving money? Make saving bank account based on your country , If you want to save every time you get money from your parents or in your job make save at least 10-15 percent of your money it will helps you on how you are going to handle it. Saving money is like working too if you can work for money then you can save too for money. Very simple right?

currently i save arround 30% of total my salary in fiat money, we don't know what happen in future, we must be careful to make our future more bright and saving in fiat is not bad option.

bamboylee

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Quote from: ObscureBean on September 15, 2016, 02:01:00 AM

Quote from: bitcapitalist on September 14, 2016, 05:00:11 PM

I don't think saving is the correct answer. I mean saving is for normal people.

Why not invest your savings to make more money?

You can cut some unnecessary expenses you have and invest that money to get a nice ROI.

Don't let the money stay in your bank as fiat. Invest it!

Remember: Spending is not the same as investing.

If if was that easy to grow money, everyone would be doing it and there would be no poor people around Cheesy

It is true that a good investment can be a lot more rewarding than just leaving your money in the bank but finding the right investment can be really challenging, what works for someone else might not necessarily work for you. Otherwise all we would have to do to become a billionaires is do everything Warren Buffett does Grin

Of course, all we have to do is what he did to be rich. But are we wise enough to be able to pull off what he did? Some people easily give up when the going gets tough. And some people are even too lazy to start something.So those people cannot be rich. Only those people who are determined to be out of poverty and become really wealthy will succeed.

Docnaster

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Saving money? Make saving bank account based on your country , If you want to save every time you get money from your parents or in your job make save at least 10-15 percent of your money it will helps you on how you are going to handle it. Saving money is like working too if you can work for money then you can save too for money. Very simple right?

ObscureBean

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Quote from: bitcapitalist on September 14, 2016, 05:00:11 PM

I don't think saving is the correct answer. I mean saving is for normal people.

Why not invest your savings to make more money?

You can cut some unnecessary expenses you have and invest that money to get a nice ROI.

Don't let the money stay in your bank as fiat. Invest it!

Remember: Spending is not the same as investing.

If if was that easy to grow money, everyone would be doing it and there would be no poor people around Cheesy

It is true that a good investment can be a lot more rewarding than just leaving your money in the bank but finding the right investment can be really challenging, what works for someone else might not necessarily work for you. Otherwise all we would have to do to become a billionaires is do everything Warren Buffett does Grin

soros017

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For you to manage your money in the proper way, you need to have good planning with regard to your expenses, spending money only on things that are really necessary. It is important that you also have savings, because you might need it in the future.

CloudStrife

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To save money, you need to understand how to manage it in the best possible way. You have to change your mindset and put money only on things that are really important to your life.

bitcapitalist

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I don't think saving is the correct answer. I mean saving is for normal people.

Why not invest your savings to make more money?

You can cut some unnecessary expenses you have and invest that money to get a nice ROI.

Don't let the money stay in your bank as fiat. Invest it!

Remember: Spending is not the same as investing.

bitjoin

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Activity: 1372

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2 simple things will help anyone with money. 1.) The best things in life are free - yes that is the case but takes a while to fully understand. 2.) Dont spend more than you can afford. Thats how i live my life, i am very uninterested in material things.

resilientknight

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For this you need to define what is really important in your expenses and what is not, which can be dispensed. Once this is done, you need to strive and have self-control to avoid unnecessary expenses.

serjent05

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Quote from: JumperX on September 14, 2016, 12:11:18 PM

Quote from: mirakal on September 14, 2016, 04:15:00 AM

Quote from: ?? on ??

Quote from: Finestream on September 14, 2016, 03:09:43 AM

Quote from: ObscureBean on September 14, 2016, 01:46:17 AM

Quote from: passwordnow on September 13, 2016, 11:48:12 PM

It is easy to save money what you need to do is make a list of the things that you really need to buy and don't include the things that you want. Settling up your wants and needs is going to be important and you must prioritize first your needs for it. And once you are going to spend your money with it you are going to properly save money.

It's easy enough to save money, the question is how long can you last without giving in to temptation and spending your savings on something? Grin

Personally, I need to have a goal otherwise I'll start saving just fine but then I'll see something I like and dump everything on it. If I have a clear objective, like I need to save up $x,xxx for a trip then it's not a problem.

Well, it's going to be your problem if you cannot control your self, saving money is very important to realize our goal in the future, remember tat we are not getting any younger in this world, we all grow old and we might not be effective as we used to be in the future so it is better to have an amont of savings that we can use to start up our own business and to spend in times of emergencies.

You can force yourself to save 1% of your monthly income every month. After 12 months, you will have some saving.

Well, that is a good start if you really want to save, when you are successful in saving 1% of your income then you can gradually increase it until you can reach your ultimatum in savings, it is good when you do it slowly but surely.

Its good to start saving from your monthly income, but 1% is not sufficient amount to save, if a person is earning lower salary then 1% of that would be nothing, its better to try to save more by reducing useless expenses.

I agree 1%% per month is not sufficient, if you calculate it, for example, if you are earning 2000 usd per month, it will take you 100 months to have a saving of 2000 USD, which i think is really low for a savings in almost 9 years. But well it is better than nothing at all. But I think the best one is to set aside 10% then do the budget with that 90% remaining.

JumperX

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Quote from: mirakal on September 14, 2016, 04:15:00 AM

Quote from: ?? on ??

Quote from: Finestream on September 14, 2016, 03:09:43 AM

Quote from: ObscureBean on September 14, 2016, 01:46:17 AM

Quote from: passwordnow on September 13, 2016, 11:48:12 PM

It is easy to save money what you need to do is make a list of the things that you really need to buy and don't include the things that you want. Settling up your wants and needs is going to be important and you must prioritize first your needs for it. And once you are going to spend your money with it you are going to properly save money.

It's easy enough to save money, the question is how long can you last without giving in to temptation and spending your savings on something? Grin

Personally, I need to have a goal otherwise I'll start saving just fine but then I'll see something I like and dump everything on it. If I have a clear objective, like I need to save up $x,xxx for a trip then it's not a problem.

Well, it's going to be your problem if you cannot control your self, saving money is very important to realize our goal in the future, remember tat we are not getting any younger in this world, we all grow old and we might not be effective as we used to be in the future so it is better to have an amont of savings that we can use to start up our own business and to spend in times of emergencies.

You can force yourself to save 1% of your monthly income every month. After 12 months, you will have some saving.

Well, that is a good start if you really want to save, when you are successful in saving 1% of your income then you can gradually increase it until you can reach your ultimatum in savings, it is good when you do it slowly but surely.

Its good to start saving from your monthly income, but 1% is not sufficient amount to save, if a person is earning lower salary then 1% of that would be nothing, its better to try to save more by reducing useless expenses.

bamboylee

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Activity: 1148

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Quote from: Finestream on September 14, 2016, 03:09:43 AM

Quote from: ObscureBean on September 14, 2016, 01:46:17 AM

Quote from: passwordnow on September 13, 2016, 11:48:12 PM

It is easy to save money what you need to do is make a list of the things that you really need to buy and don't include the things that you want. Settling up your wants and needs is going to be important and you must prioritize first your needs for it. And once you are going to spend your money with it you are going to properly save money.

It's easy enough to save money, the question is how long can you last without giving in to temptation and spending your savings on something? Grin

Personally, I need to have a goal otherwise I'll start saving just fine but then I'll see something I like and dump everything on it. If I have a clear objective, like I need to save up $x,xxx for a trip then it's not a problem.

Well, it's going to be your problem if you cannot control your self, saving money is very important to realize our goal in the future, remember tat we are not getting any younger in this world, we all grow old and we might not be effective as we used to be in the future so it is better to have an amont of savings that we can use to start up our own business and to spend in times of emergencies.

If all you need is a goal to be able to save continuously, then set the goal higb enough. Or think of the future or retirement so you will be motivated to saved. Just look at those old people, they worked hard and some are even getting high salary. But they neglected the value of saving and investing, and now they can't work anymore, they have nothing. Think about that if you are ever tempted to spend your savings.

Caladonian

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Activity: 1302

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Quote from: mirakal on September 14, 2016, 04:15:00 AM

Quote from: ?? on ??

Quote from: Finestream on September 14, 2016, 03:09:43 AM

Quote from: ObscureBean on September 14, 2016, 01:46:17 AM

Quote from: passwordnow on September 13, 2016, 11:48:12 PM

It is easy to save money what you need to do is make a list of the things that you really need to buy and don't include the things that you want. Settling up your wants and needs is going to be important and you must prioritize first your needs for it. And once you are going to spend your money with it you are going to properly save money.

It's easy enough to save money, the question is how long can you last without giving in to temptation and spending your savings on something? Grin

Personally, I need to have a goal otherwise I'll start saving just fine but then I'll see something I like and dump everything on it. If I have a clear objective, like I need to save up $x,xxx for a trip then it's not a problem.

Well, it's going to be your problem if you cannot control your self, saving money is very important to realize our goal in the future, remember tat we are not getting any younger in this world, we all grow old and we might not be effective as we used to be in the future so it is better to have an amont of savings that we can use to start up our own business and to spend in times of emergencies.

You can force yourself to save 1% of your monthly income every month. After 12 months, you will have some saving.

Well, that is a good start if you really want to save, when you are successful in saving 1% of your income then you can gradually increase it until you can reach your ultimatum in savings, it is good when you do it slowly but surely.

you should be aiming for more than that, if you can control yourself to use just the amount left with your saving and not to save only the amount left to your expenses, that will make you more savings mate. use your money wisely.

mirakal

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Quote from: ?? on ??

Quote from: Finestream on September 14, 2016, 03:09:43 AM

Quote from: ObscureBean on September 14, 2016, 01:46:17 AM

Quote from: passwordnow on September 13, 2016, 11:48:12 PM

It is easy to save money what you need to do is make a list of the things that you really need to buy and don't include the things that you want. Settling up your wants and needs is going to be important and you must prioritize first your needs for it. And once you are going to spend your money with it you are going to properly save money.

It's easy enough to save money, the question is how long can you last without giving in to temptation and spending your savings on something? Grin

Personally, I need to have a goal otherwise I'll start saving just fine but then I'll see something I like and dump everything on it. If I have a clear objective, like I need to save up $x,xxx for a trip then it's not a problem.

Well, it's going to be your problem if you cannot control your self, saving money is very important to realize our goal in the future, remember tat we are not getting any younger in this world, we all grow old and we might not be effective as we used to be in the future so it is better to have an amont of savings that we can use to start up our own business and to spend in times of emergencies.

You can force yourself to save 1% of your monthly income every month. After 12 months, you will have some saving.

Well, that is a good start if you really want to save, when you are successful in saving 1% of your income then you can gradually increase it until you can reach your ultimatum in savings, it is good when you do it slowly but surely.

Finestream

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Activity: 3052

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Quote from: ObscureBean on September 14, 2016, 01:46:17 AM

Quote from: passwordnow on September 13, 2016, 11:48:12 PM

It is easy to save money what you need to do is make a list of the things that you really need to buy and don't include the things that you want. Settling up your wants and needs is going to be important and you must prioritize first your needs for it. And once you are going to spend your money with it you are going to properly save money.

It's easy enough to save money, the question is how long can you last without giving in to temptation and spending your savings on something? Grin

Personally, I need to have a goal otherwise I'll start saving just fine but then I'll see something I like and dump everything on it. If I have a clear objective, like I need to save up $x,xxx for a trip then it's not a problem.

Well, it's going to be your problem if you cannot control your self, saving money is very important to realize our goal in the future, remember tat we are not getting any younger in this world, we all grow old and we might not be effective as we used to be in the future so it is better to have an amont of savings that we can use to start up our own business and to spend in times of emergencies.

Topic: How to save money. - page 20. (Read 345783 times)