How to save money. - page 4. | Bitcointalksearch.org

chineseprancing

hero member

Activity: 630

Merit: 500

Quote from: Finestream on October 10, 2016, 10:19:09 PM

Quote from: diodio5 on October 10, 2016, 06:55:25 PM

Quote from: Bitcoinsummoner on October 10, 2016, 02:44:38 PM

the good thing to save money is to always think to save and no more spend it but in case of emergency like some accident in your family you can use it..
But for other things dont spend it just always save until you reach your goal..

I think you can not resist spending continuously because every person must have needs and desires that they should buy. the strategy is to buy your needs but should you buy cheap, and do not be too extravagant to buy goods you desire

Of course we need to spend for our needs otherwise we will not survive in this world. However, we have to put in mind that we should not live a lavish life if we want to have a good amount of savings in the future, whatever we have now might be gone in the future if we will not be able to take care of it.

The best way to manage your money is to separate the 5% of your net income and put it into saving and do not ever spend it anymore that is for your future.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: starmman on October 10, 2016, 05:25:27 AM

Quote from: Hedrilin on October 10, 2016, 03:44:29 AM

There are lots of ways to save money but you have to know that saving money is the hardest thing for a bitcoin user because saving money is one of the biggest problem for allot of people becuas ethey like to spent money insteaed of saving it because it feels great to buy new things.

I seem to be doing well at saving - my problem is that I don't like to cash anything out. I've added a cashout mechanic to my trading strategy - but I keep raising the bar to focus on saving and investing. I need to sort that soon =)

I think you have to distinguish between investment and saving. if you already have a job and a steady income. I think you should give more priority to save rather than invest. because you already have an income you have to do is be consistent to store or saving

Finestream

hero member

Activity: 3010

Merit: 604

Quote from: diodio5 on October 10, 2016, 06:55:25 PM

Quote from: Bitcoinsummoner on October 10, 2016, 02:44:38 PM

the good thing to save money is to always think to save and no more spend it but in case of emergency like some accident in your family you can use it..
But for other things dont spend it just always save until you reach your goal..

I think you can not resist spending continuously because every person must have needs and desires that they should buy. the strategy is to buy your needs but should you buy cheap, and do not be too extravagant to buy goods you desire

Of course we need to spend for our needs otherwise we will not survive in this world. However, we have to put in mind that we should not live a lavish life if we want to have a good amount of savings in the future, whatever we have now might be gone in the future if we will not be able to take care of it.

diodio5

hero member

Activity: 490

Merit: 500

Quote from: Bitcoinsummoner on October 10, 2016, 02:44:38 PM

the good thing to save money is to always think to save and no more spend it but in case of emergency like some accident in your family you can use it..
But for other things dont spend it just always save until you reach your goal..

I think you can not resist spending continuously because every person must have needs and desires that they should buy. the strategy is to buy your needs but should you buy cheap, and do not be too extravagant to buy goods you desire

Abiky

legendary

Activity: 3192

Merit: 1362

www.Crypto.Games: Multiple coins, multiple games

Quote from: Supercrypt on October 06, 2016, 03:42:26 AM

Bitcoin works in two different ways like, you will be able to use it to save money at the same time you will be able to use bitcoins to make money.

Investing into bitcoin will help to secure your future if you are ready to go for long time with the bitcoin savings and investments. I like to suggest you to save into bitcoin and forget it at least until you get retired.

Yeah that would be pretty awesome. You can make sort of like a retirement savings account from within Bitcoin by just making a paper wallet and keep it stored for the long term. Then, when you retire Bitcoin would've been around $1000+ and you would've made a lot more money than leaving your money on a bank account for low interest earnings. Just my opinion. Grin

Financial_Genius

sr. member

Activity: 364

Merit: 250

Ideally, your cash "safety cushion" should be enough for six months of life without financial revenues. But even if every month you get profit and increase their savings, this does not mean that your strategy is perfect.

The first bill to be paid, after payroll, is your funded account . Create an automatic money transfer with your Bank card on a savings account at the beginning of each month, or cash flows.

It is better to have several accounts, each of which will be dedicated to a specific purpose, for example: "home", "vacation", "the education of the child." It will be much easier to calculate your finances and see real progress.

It is best to set goals on savings and commit to them. Determine the specific amount of money you need to save each month.

Bitcoinsummoner

hero member

Activity: 1316

Merit: 622

Maintain Social Distance, Stay safe.

the good thing to save money is to always think to save and no more spend it but in case of emergency like some accident in your family you can use it..
But for other things dont spend it just always save until you reach your goal..

MingLee

hero member

Activity: 490

Merit: 520

Quote from: socks435 on October 10, 2016, 02:30:09 PM

Quote from: safari88 on October 10, 2016, 02:14:46 PM

Quote from: Aamir1 on October 10, 2016, 01:54:32 PM

Quote from: pocarime32 on October 10, 2016, 08:53:02 AM

Actually it's easy to save money. My method is always seperate your salary at least 10% from your salary and save it into the bank and don't buy something useless.

That is actually the way to do when you are planning to save something but not everyone has got that much patience to don't buy useless things, people mostly buy everything they dont need when they have the money in hands and later on they realize they have nothing left to save.

I do the same thing as you, keep the money in the bank and tried to not buy useless stuff.
My principle is simple life, because I think when I live simply, I don't like the luxury, which of course it is going to spend a lot of money.

Yeah same here but those useless thing that can brings me or to my family to be happy even its useless i can give them things that they can be happy..
But right now we are practical because we are in new generation so we need to keep earnings and save more for your future so that you can be worst life in the future..

Even some of the most mundane things can be a benefit when applied properly. Having more money, be it brought forwards in any way, which is then used to give some happiness or whatever in some way is always, always better than not having X or Y. An excessive amount of unnecessary things is bad, but a few things here and there are definitely worth the money, when used properly.

socks435

legendary

Activity: 2016

Merit: 1030

Privacy is always important

Quote from: safari88 on October 10, 2016, 02:14:46 PM

Quote from: Aamir1 on October 10, 2016, 01:54:32 PM

Quote from: pocarime32 on October 10, 2016, 08:53:02 AM

Actually it's easy to save money. My method is always seperate your salary at least 10% from your salary and save it into the bank and don't buy something useless.

That is actually the way to do when you are planning to save something but not everyone has got that much patience to don't buy useless things, people mostly buy everything they dont need when they have the money in hands and later on they realize they have nothing left to save.

I do the same thing as you, keep the money in the bank and tried to not buy useless stuff.
My principle is simple life, because I think when I live simply, I don't like the luxury, which of course it is going to spend a lot of money.

Yeah same here but those useless thing that can brings me or to my family to be happy even its useless i can give them things that they can be happy..
But right now we are practical because we are in new generation so we need to keep earnings and save more for your future so that you can be worst life in the future..

safari88

legendary

Activity: 1960

Merit: 1026

Quote from: Aamir1 on October 10, 2016, 01:54:32 PM

Quote from: pocarime32 on October 10, 2016, 08:53:02 AM

Actually it's easy to save money. My method is always seperate your salary at least 10% from your salary and save it into the bank and don't buy something useless.

That is actually the way to do when you are planning to save something but not everyone has got that much patience to don't buy useless things, people mostly buy everything they dont need when they have the money in hands and later on they realize they have nothing left to save.

I do the same thing as you, keep the money in the bank and tried to not buy useless stuff.
My principle is simple life, because I think when I live simply, I don't like the luxury, which of course it is going to spend a lot of money.

Aamir1

hero member

Activity: 756

Merit: 500

Quote from: pocarime32 on October 10, 2016, 08:53:02 AM

Actually it's easy to save money. My method is always seperate your salary at least 10% from your salary and save it into the bank and don't buy something useless.

That is actually the way to do when you are planning to save something but not everyone has got that much patience to don't buy useless things, people mostly buy everything they dont need when they have the money in hands and later on they realize they have nothing left to save.

serjent05

legendary

Activity: 2842

Merit: 1253

Cashback 15%

Quote from: pocarime32 on October 10, 2016, 08:53:02 AM

Actually it's easy to save money. My method is always seperate your salary at least 10% from your salary and save it into the bank and don't buy something useless.

I agree on this proportion, and yes it is easy if you are used to it. Reserving 10% of your salary for savings and using the remaining 90% to budget your expenses until the next payout is proven to be effective and lots of live testimony about how it saves them from trouble every time they have a financial crisis I n their family.

gandame

hero member

Activity: 924

Merit: 505

Quote from: Bitcoinsummoner on October 10, 2016, 01:08:32 PM

Saving is hard to do since you can spend them if you have no plan in the future or even you have plan it can be attracted to spend.. if you really have a good dream for your future you can increase and save more money in banks or in wallet as bitcoin.. that can bring you to become rich in the future..

Yes save money is very hard if we thinking of our daily expenses that sometimes no one left in our salary. But we need it, we need to be wise do save not big amount save only that you can save because we need that in the future. Separate a small amount to your income for your good future.

Bitcoinsummoner

hero member

Activity: 1316

Merit: 622

Maintain Social Distance, Stay safe.

Saving is hard to do since you can spend them if you have no plan in the future or even you have plan it can be attracted to spend.. if you really have a good dream for your future you can increase and save more money in banks or in wallet as bitcoin.. that can bring you to become rich in the future..

buyinbtc

legendary

Activity: 1008

Merit: 1010

CryptoTalk.Org - Get Paid for every Post!

even if it sounds hard, it is pretty easy to save bitcoins (and fiat) as all you have to do is to think if you really need to buy something or if you can wait and live without that

Malsetid

hero member

Activity: 924

Merit: 502

CryptoTalk.Org - Get Paid for every Post!

Quote from: pocarime32 on October 10, 2016, 08:53:02 AM

Actually it's easy to save money. My method is always seperate your salary at least 10% from your salary and save it into the bank and don't buy something useless.

yeah that's right. Dont give yourself the chance to make purchases that you dont need. Instead, open a bank account. There are banks that has auto-save features that deduct a certain amount automatically and you can only withdraw when you go to the bank itself. This is good for people who don't have that much control over themselves

bamboylee

hero member

Activity: 1148

Merit: 504

Quote from: ronaldo40 on October 09, 2016, 01:53:44 PM

Quote from: simpler2016 on October 09, 2016, 01:03:15 PM

The most important thing to aim! Clearly define how much you need to raise funds and in what period of time. Then look for additional sources of income

In addition you want to increase your revenue, I think the most important thing is we have to learn to live simple, so we know a good way to save money. so it is not necessarily to get more money to save money. because we all have limits to get money, sometimes it's hard to get a lot of money.

I think most of the rich guys I know live a simple life. They are not extravagant even though they have a lot of money. And most of the poor people I know spend their money on useless things and live like rich people though they only have few money. So you are right, living simple is a key to save money and have a good financial status.

pocarime32

sr. member

Activity: 420

Merit: 250

Actually it's easy to save money. My method is always seperate your salary at least 10% from your salary and save it into the bank and don't buy something useless.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: starmman on October 10, 2016, 05:25:27 AM

Quote from: Hedrilin on October 10, 2016, 03:44:29 AM

There are lots of ways to save money but you have to know that saving money is the hardest thing for a bitcoin user because saving money is one of the biggest problem for allot of people becuas ethey like to spent money insteaed of saving it because it feels great to buy new things.

I seem to be doing well at saving - my problem is that I don't like to cash anything out. I've added a cashout mechanic to my trading strategy - but I keep raising the bar to focus on saving and investing. I need to sort that soon =)

well that's a good way to save dude. don't cash out unless you really need it and you'll realize that you already have a considerable amount saved. for me i automatically transfer to my bank account and then i forget about it, so when time comes that it's time to cash out or if in case some emergency happens i have something to withdraw

Heartilly

sr. member

Activity: 618

Merit: 253

Just.bet - Decentralized On-chain Casino

Saving money is not easy. It requires discipline and strong conviction that you will save your income, work hard on your job to increase your savings and live a life in accordance with the amount your earning. It really takes time and lots of patience.

Topic: How to save money. - page 4. (Read 345756 times)