How to save money. - page 38. | Bitcointalksearch.org

deisik

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Quote from: jakelyson on August 17, 2016, 04:13:34 AM

Quote from: stromma44 on August 17, 2016, 03:28:34 AM

Quote from: Schuyler on August 17, 2016, 02:57:44 AM

Personal discipline is a big part of how we are able to save money. Without discipline, we could just spend on whatever we want, especially if we are using credit card. In order to save, one must know what to prioritize and think about the future or when the time comes that one wouldn't be able to work or earn income anymore.

The worst thing about using credit card is that you will keep on buying the things are not important, as you know that you have to pay next month and that is the reason I blocked my credit card.

Credit card is a big temptation. If you have one, do not bring it all the time. YOu will always be tempted to buy things that you actually do not need if you always bring your credit card. You are more prone to overspending. If you can live without using the credit card better cut it. And just stick to balanced spending and proper finance management to save money.

The said is actually true in respect to any payment card (debit, credit, or whatever). There seem to have been some studies that investigated into this issue, and when people didn't see their money literally disappear, they were more prone to a sort of discretionary spending...

So if you want to save more money get rid of any plastic that infiltrated into your life

jakelyson

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Quote from: stromma44 on August 17, 2016, 03:28:34 AM

Quote from: Schuyler on August 17, 2016, 02:57:44 AM

Personal discipline is a big part of how we are able to save money. Without discipline, we could just spend on whatever we want, especially if we are using credit card. In order to save, one must know what to prioritize and think about the future or when the time comes that one wouldn't be able to work or earn income anymore.

The worst thing about using credit card is that you will keep on buying the things are not important, as you know that you have to pay next month and that is the reason I blocked my credit card.

Credit card is a big temptation. If you have one, do not bring it all the time. YOu will always be tempted to buy things that you actually do not need if you always bring your credit card. You are more prone to overspending. If you can live without using the credit card better cut it. And just stick to balanced spending and proper finance management to save money.

stromma44

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Quote from: Schuyler on August 17, 2016, 02:57:44 AM

Personal discipline is a big part of how we are able to save money. Without discipline, we could just spend on whatever we want, especially if we are using credit card. In order to save, one must know what to prioritize and think about the future or when the time comes that one wouldn't be able to work or earn income anymore.

The worst thing about using credit card is that you will keep on buying the things are not important, as you know that you have to pay next month and that is the reason I blocked my credit card.

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Quote from: blackmachinegun on August 17, 2016, 02:10:38 AM

Quote from: Ziskinberg on August 14, 2016, 02:30:33 AM

You should know your limits on spending, there should be a balance between what your wants and needs.Money don't come easily you just have to work hard for it before you have it.And just by saving money invest it and some save it on the bank,for realization today money really matters for those who really need money,focus on your goal if now your on the peak of getting a good income .

I think to save you should be able to share the needs and desires properly. I do not agree if you divide it with balance. you should prioritize your needs rather than desires. Do not buy too many needs and desires. because of course you're going to get it wasteful and futile. you have to be clever in saving

He actually said that you must balance the wants and needs and he doesnt say that he would always buy those things. He have a point money doesnt come easily you would need to work hard for it in able to gain money. Saving is really important for future purposes and in your goals.

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Iam saving to bank can get reward and return ins every month
in bank is very save your saving money
but your want growth your money your must bussines your capital money

Schuyler

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Personal discipline is a big part of how we are able to save money. Without discipline, we could just spend on whatever we want, especially if we are using credit card. In order to save, one must know what to prioritize and think about the future or when the time comes that one wouldn't be able to work or earn income anymore.

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Planning, strategy and, of course, efficiency when implementing the plan.

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Quote from: Ziskinberg on August 14, 2016, 02:30:33 AM

You should know your limits on spending, there should be a balance between what your wants and needs.Money don't come easily you just have to work hard for it before you have it.And just by saving money invest it and some save it on the bank,for realization today money really matters for those who really need money,focus on your goal if now your on the peak of getting a good income .

I think to save you should be able to share the needs and desires properly. I do not agree if you divide it with balance. you should prioritize your needs rather than desires. Do not buy too many needs and desires. because of course you're going to get it wasteful and futile. you have to be clever in saving

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Quote from: bamboylee on August 16, 2016, 06:34:56 AM

Quote from: serjent05 on August 15, 2016, 11:55:53 AM

Quote from: sirohige on August 15, 2016, 10:43:24 AM

Quote from: swogerino on August 15, 2016, 10:20:58 AM

Easiest way is to have a savings account that needs to be filled with a certain amount every month. If you can not reach that limit then they charge you the monthly fee of having the account opened.
It works for fiat so it can work for bitcoin too.

it's not easy at bitcoin, because we have full control at bitcoin, in fiat, bank will hold our money, so we can't touch our money, and we can't use it, bu\t in bitcoin we can touch it, send it, and of course we can aces the prive key, so it's not easy to open saving bitcoin wallet.

Yeah i see it hard to control once self in spending his hard earned money. So people tend to find a third party to keep their money for them, but still I think it is only a psychological matter. If the person is really into saving, He can save it no matter what is the situation. Most are saving 5% to 10% of their income. So why not control yourself and try to save this amount.

You are right, if you really are into saving, you can save 10% of your salary. But there are also too many temptations to spend money. Like when you go online, there are a lot of ads of online shops on sale and you will be tempted again to spend. It is hard to control that especially if you have your money at hand. If others are keeping it for you, then you will not be spending that easily.

Self control and self discipline is very necessary in saving, and if you lack it then you can never save money as you need to have total control on your spendings.

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Quote from: serjent05 on August 15, 2016, 11:55:53 AM

Quote from: sirohige on August 15, 2016, 10:43:24 AM

Quote from: swogerino on August 15, 2016, 10:20:58 AM

Easiest way is to have a savings account that needs to be filled with a certain amount every month. If you can not reach that limit then they charge you the monthly fee of having the account opened.
It works for fiat so it can work for bitcoin too.

it's not easy at bitcoin, because we have full control at bitcoin, in fiat, bank will hold our money, so we can't touch our money, and we can't use it, bu\t in bitcoin we can touch it, send it, and of course we can aces the prive key, so it's not easy to open saving bitcoin wallet.

Yeah i see it hard to control once self in spending his hard earned money. So people tend to find a third party to keep their money for them, but still I think it is only a psychological matter. If the person is really into saving, He can save it no matter what is the situation. Most are saving 5% to 10% of their income. So why not control yourself and try to save this amount.

You are right, if you really are into saving, you can save 10% of your salary. But there are also too many temptations to spend money. Like when you go online, there are a lot of ads of online shops on sale and you will be tempted again to spend. It is hard to control that especially if you have your money at hand. If others are keeping it for you, then you will not be spending that easily.

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Quote from: sirohige on August 15, 2016, 10:43:24 AM

Quote from: swogerino on August 15, 2016, 10:20:58 AM

Easiest way is to have a savings account that needs to be filled with a certain amount every month. If you can not reach that limit then they charge you the monthly fee of having the account opened.
It works for fiat so it can work for bitcoin too.

it's not easy at bitcoin, because we have full control at bitcoin, in fiat, bank will hold our money, so we can't touch our money, and we can't use it, bu\t in bitcoin we can touch it, send it, and of course we can aces the prive key, so it's not easy to open saving bitcoin wallet.

Yeah i see it hard to control once self in spending his hard earned money. So people tend to find a third party to keep their money for them, but still I think it is only a psychological matter. If the person is really into saving, He can save it no matter what is the situation. Most are saving 5% to 10% of their income. So why not control yourself and try to save this amount.

jakelyson

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Quote from: diodio5 on August 14, 2016, 10:58:17 AM

Quote from: Ziskinberg on August 14, 2016, 02:30:33 AM

You should know your limits on spending, there should be a balance between what your wants and needs.Money don't come easily you just have to work hard for it before you have it.And just by saving money invest it and some save it on the bank,for realization today money really matters for those who really need money,focus on your goal if now your on the peak of getting a good income .

saving money is quite difficult because you have to choose a good division between spending, investment and saving. usually people already planning to great, but they do not do that and instead wasteful plan you should be able to make a realistic plan to save so that you can do it

To be able to make a plan, be sure to study your finances first. Weed out all that unnecessary spending and limit your spending to basic needs. Then save a percentage of your income first. It always is the priority before spending on needs and debts.

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Quote from: dezoel on August 15, 2016, 10:18:22 AM

Quote from: BeGoods on August 15, 2016, 09:53:46 AM

Quote from: jakelyson on July 31, 2016, 01:18:26 AM

Quote from: serjent05 on July 29, 2016, 12:34:50 PM

Quote from: pearl11 on July 29, 2016, 03:43:33 AM

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.

We'll I think you better have to plan for your future. A man without any plan for his future should be avoided. Or at least influence him on saving something for his needs in the future. If you have nothing, you have your body to use for work. Apply and get hired. Then keep at least 10% of your money for savings. Make it a habit everytime you got your payout. That way you will be able to save.

Yeah, do that. Save at least 10% of your income. Do not wait to have a family of your own before you discipline yourself to save. I don't think you can even save money if you have a family already. It will be 3 times harder because if you have babies already, they will eat a great chunk of your money. And there will be cases they get sick and you have to pull the money you saved. So save while youbare still young and single.

yeah true you will feel how expenditures were beginning to swell when you have a family let alone have children you will need a lot of income to cover the cost of your life. I think if you do not want the trouble occurred. before you get married you have to have a savings or deposit money. I always save 10% of my income to be saved

Exactly certain percentage of income should be saved on regular basis, and saving is mandatory to all of us to avoid future uncertainties as anything can happen in future its always better to have back up in the form of savings.

We just need to be discipline to comply with our way of savings, that is hard actually at the start because there are a lot of temptation our there, our wants sometimes make us fool in making the wrong decision, self control is very important to do your focus and achieve your goal in savings.

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Quote from: swogerino on August 15, 2016, 10:20:58 AM

Easiest way is to have a savings account that needs to be filled with a certain amount every month. If you can not reach that limit then they charge you the monthly fee of having the account opened.
It works for fiat so it can work for bitcoin too.

it's not easy at bitcoin, because we have full control at bitcoin, in fiat, bank will hold our money, so we can't touch our money, and we can't use it, bu\t in bitcoin we can touch it, send it, and of course we can aces the prive key, so it's not easy to open saving bitcoin wallet.

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Easiest way is to have a savings account that needs to be filled with a certain amount every month. If you can not reach that limit then they charge you the monthly fee of having the account opened.
It works for fiat so it can work for bitcoin too.

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Quote from: BeGoods on August 15, 2016, 09:53:46 AM

Quote from: jakelyson on July 31, 2016, 01:18:26 AM

Quote from: serjent05 on July 29, 2016, 12:34:50 PM

Quote from: pearl11 on July 29, 2016, 03:43:33 AM

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.

We'll I think you better have to plan for your future. A man without any plan for his future should be avoided. Or at least influence him on saving something for his needs in the future. If you have nothing, you have your body to use for work. Apply and get hired. Then keep at least 10% of your money for savings. Make it a habit everytime you got your payout. That way you will be able to save.

Yeah, do that. Save at least 10% of your income. Do not wait to have a family of your own before you discipline yourself to save. I don't think you can even save money if you have a family already. It will be 3 times harder because if you have babies already, they will eat a great chunk of your money. And there will be cases they get sick and you have to pull the money you saved. So save while youbare still young and single.

yeah true you will feel how expenditures were beginning to swell when you have a family let alone have children you will need a lot of income to cover the cost of your life. I think if you do not want the trouble occurred. before you get married you have to have a savings or deposit money. I always save 10% of my income to be saved

Exactly certain percentage of income should be saved on regular basis, and saving is mandatory to all of us to avoid future uncertainties as anything can happen in future its always better to have back up in the form of savings.

goldcoinminer

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Quote from: BeGoods on August 15, 2016, 09:53:46 AM

Quote from: jakelyson on July 31, 2016, 01:18:26 AM

Quote from: serjent05 on July 29, 2016, 12:34:50 PM

Quote from: pearl11 on July 29, 2016, 03:43:33 AM

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.

We'll I think you better have to plan for your future. A man without any plan for his future should be avoided. Or at least influence him on saving something for his needs in the future. If you have nothing, you have your body to use for work. Apply and get hired. Then keep at least 10% of your money for savings. Make it a habit everytime you got your payout. That way you will be able to save.

Yeah, do that. Save at least 10% of your income. Do not wait to have a family of your own before you discipline yourself to save. I don't think you can even save money if you have a family already. It will be 3 times harder because if you have babies already, they will eat a great chunk of your money. And there will be cases they get sick and you have to pull the money you saved. So save while youbare still young and single.

yeah true you will feel how expenditures were beginning to swell when you have a family let alone have children you will need a lot of income to cover the cost of your life. I think if you do not want the trouble occurred. before you get married you have to have a savings or deposit money. I always save 10% of my income to be saved

I like what you are doing sir, you should have a good life when you got married, actually in my experienced I was married at a very some age and my savings then was really small or close to none, so I started to have a family with kids and I was full of debt that time, it was just a good blessing that I have discovered bitcoin since it allows me to earn on a regular basis through different kind of methods, and what I like the best is trading since I am a gambler also and I love to take risk.

BeGoods

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Quote from: jakelyson on July 31, 2016, 01:18:26 AM

Quote from: serjent05 on July 29, 2016, 12:34:50 PM

Quote from: pearl11 on July 29, 2016, 03:43:33 AM

If you have a family ,it will teach you how to save money for your future. But if youre single and dont have any plans for the future you will not know what is the meaning of saving if your totally have nothing.

We'll I think you better have to plan for your future. A man without any plan for his future should be avoided. Or at least influence him on saving something for his needs in the future. If you have nothing, you have your body to use for work. Apply and get hired. Then keep at least 10% of your money for savings. Make it a habit everytime you got your payout. That way you will be able to save.

Yeah, do that. Save at least 10% of your income. Do not wait to have a family of your own before you discipline yourself to save. I don't think you can even save money if you have a family already. It will be 3 times harder because if you have babies already, they will eat a great chunk of your money. And there will be cases they get sick and you have to pull the money you saved. So save while youbare still young and single.

yeah true you will feel how expenditures were beginning to swell when you have a family let alone have children you will need a lot of income to cover the cost of your life. I think if you do not want the trouble occurred. before you get married you have to have a savings or deposit money. I always save 10% of my income to be saved

gerXhonza

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Quote from: bamboylee on August 15, 2016, 02:54:42 AM

Quote from: Aamir1 on August 13, 2016, 12:35:12 PM

Quote from: mirakal on August 13, 2016, 02:47:32 AM

Quote from: xdrpx on August 12, 2016, 01:07:08 PM

You can save money by creating different portfolios of investments. We have to divide in ratio proportions how much we'd want to save and in what kind of investment scheme. The schemes could vary from Fixed/Recurring deposits with banks, trading in stock markets, mutual funds, Public provident funds and various other methods.

In savings you will not think of investment first, let us say you only receive a little amount of salary, the question is are you still gonna save? The answer is absolutely yes, you need to save as that is compulsory and that would take care of your future in case there are emergencies that would require you to spend money.

Saving is actually good for the people who are not rich and are not earning a lot of money every month or everyday because if someone earns a lot he does not need to save anything because he will always have extra money, but the ones who earn a little that can only run their house for the day then they should just a small percent of it.

Even if you are only earning a small amount, you should prioritize saving. Savings is your stepping stone for future success. If you do not save and you spend all your money, then you cannot invest. Save small amounts of money every payday. Then if you receive more, save more. If you save enough, open an investment. Your investment will make way so you will be financially free in the future.

That is the right strategy to follow as without saving you can never invest money in future and if you don't save at all then there is no scope for any investment too.

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Quote from: bamboylee on August 15, 2016, 02:54:42 AM

Quote from: Aamir1 on August 13, 2016, 12:35:12 PM

Quote from: mirakal on August 13, 2016, 02:47:32 AM

Quote from: xdrpx on August 12, 2016, 01:07:08 PM

You can save money by creating different portfolios of investments. We have to divide in ratio proportions how much we'd want to save and in what kind of investment scheme. The schemes could vary from Fixed/Recurring deposits with banks, trading in stock markets, mutual funds, Public provident funds and various other methods.

In savings you will not think of investment first, let us say you only receive a little amount of salary, the question is are you still gonna save? The answer is absolutely yes, you need to save as that is compulsory and that would take care of your future in case there are emergencies that would require you to spend money.

Saving is actually good for the people who are not rich and are not earning a lot of money every month or everyday because if someone earns a lot he does not need to save anything because he will always have extra money, but the ones who earn a little that can only run their house for the day then they should just a small percent of it.

Even if you are only earning a small amount, you should prioritize saving. Savings is your stepping stone for future success. If you do not save and you spend all your money, then you cannot invest. Save small amounts of money every payday. Then if you receive more, save more. If you save enough, open an investment. Your investment will make way so you will be financially free in the future.

The real challenge is there whether you have the capability to save or not because when you are in need of money you would also prioritize your needs and last priority would be savings, and the bad thing is when after your needs you spend for your wants.

Topic: How to save money. - page 38. (Read 345783 times)