How to save money. - page 25. | Bitcointalksearch.org

extrabyte

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Quote from: ajun96 on September 08, 2016, 02:57:56 AM

Quote from: d@nte on September 06, 2016, 06:50:22 PM

If you really want to save money, my advice to you is to keep your btc into your btc wallet and never waste it into gambling, hyip websites or this kind of thing.

yeah i think avoiding anything risky like gambling, hyip, ponzi and so is a good idea to avoid a big loss? I think it would be beneficial for the storage of your money? but other than that you need a plan other than to avoid gambling? you need to make a plan dude

making a good and proper plan and doing solid home work at your plan is very important to prevent yourself from these loses,
there are lots of scammers wiling to scam people. and without good planing you can be easily scammed.

groll

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Quote from: jakelyson on September 08, 2016, 04:24:03 AM

Quote from: deadpoolx on September 07, 2016, 05:54:14 PM

If you're spending to much money, every time you spend money write it down. Will be easier to control your expenses if you keep track of it.
Once you know more about the amount and where you're using it on, you can make more informed decisions to reduce your expenses, in order to save that money, cutting the costs on unecessary things.

This is a good way to track down your expenses and also to know if you are spending more on your needs or on your wants. Most of the time, cutting your costs on your wants will save you a lot of money. Though this step is very straight forward and easy, it will still need a disciplined mind to be able to keep track of your expenses and actually cut the ones that are unnecessary. We are easily tempted to spend on our wants than on our needs.

Just like financial advisers said. Best way to manage money is to have a list so you could actually know where all the money goes to. And if you want to save they said that you should better to pay all your debts first then you could start to save. Buy what is only needed not those which you only wanted. Avoid going to grocery store if you are hungry.

goldcoinminer

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Quote from: wuvdoll on September 08, 2016, 03:57:51 AM

Quote from: ajun96 on September 08, 2016, 02:57:56 AM

Quote from: d@nte on September 06, 2016, 06:50:22 PM

If you really want to save money, my advice to you is to keep your btc into your btc wallet and never waste it into gambling, hyip websites or this kind of thing.

yeah i think avoiding anything risky like gambling, hyip, ponzi and so is a good idea to avoid a big loss? I think it would be beneficial for the storage of your money? but other than that you need a plan other than to avoid gambling? you need to make a plan dude

He must be right. When you are avoiding the dangers of losing money then automatically you will get chances to multiply your savings. When there are no chances for losses, we will have at least what we are already having that would be a very big achievement in our life in my opinion as I was not successful with that in my life.

Well, everything has a risk but one thing I can guarantee if we want to grow our money savings will not be the only answer, you will have to save all your life to raise a big amount of money and as time passes you are more focus on your savings and you did not enjoy your money anymore, to grow it fast we need to take risk and do some kind of investment, and for me the best investment in keeping our money in our wallet and let the value appreciate overtime.

jakelyson

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Quote from: deadpoolx on September 07, 2016, 05:54:14 PM

If you're spending to much money, every time you spend money write it down. Will be easier to control your expenses if you keep track of it.
Once you know more about the amount and where you're using it on, you can make more informed decisions to reduce your expenses, in order to save that money, cutting the costs on unecessary things.

This is a good way to track down your expenses and also to know if you are spending more on your needs or on your wants. Most of the time, cutting your costs on your wants will save you a lot of money. Though this step is very straight forward and easy, it will still need a disciplined mind to be able to keep track of your expenses and actually cut the ones that are unnecessary. We are easily tempted to spend on our wants than on our needs.

wuvdoll

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Quote from: ajun96 on September 08, 2016, 02:57:56 AM

Quote from: d@nte on September 06, 2016, 06:50:22 PM

If you really want to save money, my advice to you is to keep your btc into your btc wallet and never waste it into gambling, hyip websites or this kind of thing.

yeah i think avoiding anything risky like gambling, hyip, ponzi and so is a good idea to avoid a big loss? I think it would be beneficial for the storage of your money? but other than that you need a plan other than to avoid gambling? you need to make a plan dude

He must be right. When you are avoiding the dangers of losing money then automatically you will get chances to multiply your savings. When there are no chances for losses, we will have at least what we are already having that would be a very big achievement in our life in my opinion as I was not successful with that in my life.

chaser15

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Quote from: diodio5 on September 08, 2016, 03:17:39 AM

Quote from: axxo on September 02, 2016, 11:16:27 PM

If you want to live a very comfortable life don't be satisfied saving your hard earned money, find a better investment to make your money grow.

I think to get a comfortable life you have to have great savings. with huge savings you can buy whatever you want with ease. but the problem is how money management. the good one ? because the habits of people are not able to savers so they could not keep their money

And to start with a great savings, people must have decent source of income.

Without it saving "more" money will have a hard time since the income is just enough to cover most of daily and basic spendings in one's life.

diodio5

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Quote from: axxo on September 02, 2016, 11:16:27 PM

If you want to live a very comfortable life don't be satisfied saving your hard earned money, find a better investment to make your money grow.

I think to get a comfortable life you have to have great savings. with huge savings you can buy whatever you want with ease. but the problem is how money management. the good one ? because the habits of people are not able to savers so they could not keep their money

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Quote from: ajun96 on September 08, 2016, 02:57:56 AM

Quote from: d@nte on September 06, 2016, 06:50:22 PM

If you really want to save money, my advice to you is to keep your btc into your btc wallet and never waste it into gambling, hyip websites or this kind of thing.

yeah i think avoiding anything risky like gambling, hyip, ponzi and so is a good idea to avoid a big loss? I think it would be beneficial for the storage of your money? but other than that you need a plan other than to avoid gambling? you need to make a plan dude

Gambling is not risky for your if you investment but ponzis and HYIP are real money suckers, I would always choose investing in an online casino over the two mentioned because the probability is very big and casinos are profitable until now. For me there is no big risk unless you will be scam by a certain casino site.

ajun96

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Quote from: d@nte on September 06, 2016, 06:50:22 PM

If you really want to save money, my advice to you is to keep your btc into your btc wallet and never waste it into gambling, hyip websites or this kind of thing.

yeah i think avoiding anything risky like gambling, hyip, ponzi and so is a good idea to avoid a big loss? I think it would be beneficial for the storage of your money? but other than that you need a plan other than to avoid gambling? you need to make a plan dude

zakorus

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this one of the biggest news stories in Canada is that everyone is broke. too bad most people spend without caution and then the oil slump did them in....

Mr. Big

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Quote from: deadpoolx on September 07, 2016, 05:54:14 PM

If you're spending to much money, every time you spend money write it down. Will be easier to control your expenses if you keep track of it.
Once you know more about the amount and where you're using it on, you can make more informed decisions to reduce your expenses, in order to save that money, cutting the costs on unecessary things.

True, I did that when I am budgeting my money, Each purchase I keep the receipt and review it and write it down on my notebook so I could see if I need to purchase such things again the next month... Actually little by little erasing some of those that are on your list which are unnecessary could also help...

I also believe that if you buy the things that you really want and you enjoyed your youth days and you've had enough, I think later on you will start to save since you already have what you really dreamed of...

starmman

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Quote from: twerdefnce on September 07, 2016, 05:47:34 PM

Quote from: Bemerand on September 07, 2016, 05:17:41 PM

one trick I have learned over the years, is to save all the chge I receive and never spend it.
instead learn to visualize the world as being more expensive. That pack of Gum is now 5$ because the change is going a jar.
this has two effects on me. One is that I learn to spend less on frivolous things since they seem more expensive and the other is every couple years I take a nice vacation with nothing but my change

the same for me to be honest i never spend the coins i get from somewhere in order not to miss an opportunity to make money with a price growth

I also didn't spend any BTC so far. Using them to accumulate - however I will start spending 10-25 of profits once I have reached a threshold. I will also take another 25% of profits to reinvest into other revenue streams. That way the risk/exposue on crypto isn't so high.

gerXhonza

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Quote from: deadpoolx on September 07, 2016, 05:54:14 PM

If you're spending to much money, every time you spend money write it down. Will be easier to control your expenses if you keep track of it.
Once you know more about the amount and where you're using it on, you can make more informed decisions to reduce your expenses, in order to save that money, cutting the costs on unecessary things.

Yes we need to have control on our spendings, if we keep on spending on unwanted things the we won't be able to save any time and that can create a trouble in future.

deadpoolx

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If you're spending to much money, every time you spend money write it down. Will be easier to control your expenses if you keep track of it.
Once you know more about the amount and where you're using it on, you can make more informed decisions to reduce your expenses, in order to save that money, cutting the costs on unecessary things.

hingleMC

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Quote from: twerdefnce on September 07, 2016, 05:47:34 PM

Quote from: Bemerand on September 07, 2016, 05:17:41 PM

one trick I have learned over the years, is to save all the chge I receive and never spend it.
instead learn to visualize the world as being more expensive. That pack of Gum is now 5$ because the change is going a jar.
this has two effects on me. One is that I learn to spend less on frivolous things since they seem more expensive and the other is every couple years I take a nice vacation with nothing but my change

the same for me to be honest i never spend the coins i get from somewhere in order not to miss an opportunity to make money with a price growth

the Warren Buffet approach

twerdefnce

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Quote from: Bemerand on September 07, 2016, 05:17:41 PM

one trick I have learned over the years, is to save all the chge I receive and never spend it.
instead learn to visualize the world as being more expensive. That pack of Gum is now 5$ because the change is going a jar.
this has two effects on me. One is that I learn to spend less on frivolous things since they seem more expensive and the other is every couple years I take a nice vacation with nothing but my change

the same for me to be honest i never spend the coins i get from somewhere in order not to miss an opportunity to make money with a price growth

Bemerand

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one trick I have learned over the years, is to save all the chge I receive and never spend it.
instead learn to visualize the world as being more expensive. That pack of Gum is now 5$ because the change is going a jar.
this has two effects on me. One is that I learn to spend less on frivolous things since they seem more expensive and the other is every couple years I take a nice vacation with nothing but my change

bamboylee

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Quote from: crairezx20 on September 07, 2016, 01:29:07 PM

Quote from: bluechipinvestor on September 07, 2016, 01:01:07 PM

Because of the inflation, saving all the funds is not very smart these days, investing is. I think the right thing to do is invest and grow them, as saving all the money may lead to losses, because of the reduction of the purchasing power.

Yeah right its not worth it if you are just holding it or save it for a long time and sell them when the price is high.. it takes a long time so better to use them to increase the amount or to grow them so that you will earn a good amount for the future.

Save some , Invest some is what I will do. There is no escaping inflation but we still need some funds tucked away for future use, so we still need to save some money. And you can be more confident doing investments if you have some back up fund saved somewhere.

starmman

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I'm currently saving about 30% of my income - and my wife manages to save 60-70% of hers we invest in different areas such as real estate, shares, pensions, savings accounts and of course crypto.I spend most of my time on crypto but invest the least money here as its higher risk.

The eventual goal is financial freedom - we are only about 10% of the way there so far, but the rate is growing quickly.

crairezx20

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Quote from: bluechipinvestor on September 07, 2016, 01:01:07 PM

Because of the inflation, saving all the funds is not very smart these days, investing is. I think the right thing to do is invest and grow them, as saving all the money may lead to losses, because of the reduction of the purchasing power.

Yeah right its not worth it if you are just holding it or save it for a long time and sell them when the price is high.. it takes a long time so better to use them to increase the amount or to grow them so that you will earn a good amount for the future.

Topic: How to save money. - page 25. (Read 345783 times)