How to save money. - page 47. | Bitcointalksearch.org

Mauser

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Quote from: potatopower on July 28, 2016, 01:41:12 PM

Quote from: darkmagician on July 28, 2016, 07:36:09 AM

To save money it requires great level of discipline. Younger Generation doesn't believe in savings they just believe in spending. For eg if you are planning to buy a television i think you should search for used television and you never know you might get the best deal on internet which will you in saving money.

you are right, people sometimes struggle when it comes to saving all your bitcoins unfortunately and in my opinion you cannot do anything about it

in order to save money you have to put all your bitcoins into a cold storage where you wouldnt be able to access it and spend on some bs

Yeah that makes sense. Similar to a long term savings account at your bank where you can't make withdraws for a year or two you need to store your bitcoins that you can't access them quickly.
Most of the desired consumption is short lived. After one night of sleep you might already forgot about it.

dunfida

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Quote from: romero121 on July 28, 2016, 07:45:28 PM

One needs to have a planned budget as well long term schedule. Also capability is a must to focus much on the different earning and make the targeted saving which is more important to fulfil the long term or short term plan. This helps in avoiding unwanted spending.

Planning is very important on setting your future goals either short or long term plans. You must search another ways to have a source of income so that you could make a saving at least for future use or investment it would very helpful. If you have a fix plan or set up you won't look into other things that would lead to unwise spending as you also said.

blackmachinegun

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Quote from: jerowacik on July 28, 2016, 07:49:41 PM

if you really want to save money then you can choose BANK. BANK can save your money is safe because the financial institution has guaranteed your funds in the BANK.

yeah I think whatever people think about bank. but I am sure the bank owned by the government as safe and trusted very high?
You will find security for your money and they provide protection and guarantees for you. but its your choice if you want to save money in safe-deposted box

pearl11

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All good advice. And...don't tell everybody that you have saved money, and don't give it away to anyone who asks. Be the guy that mysteriously can keep dry on a rainy day, and get out of trouble. Like a cat that always can land on its feet. (I wish I knew when I was young...)

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if you really want to save money then you can choose BANK. BANK can save your money is safe because the financial institution has guaranteed your funds in the BANK.

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One needs to have a planned budget as well long term schedule. Also capability is a must to focus much on the different earning and make the targeted saving which is more important to fulfil the long term or short term plan. This helps in avoiding unwanted spending.

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Quote from: Finestream on July 25, 2016, 09:32:36 AM

Quote from: Schuyler on July 25, 2016, 05:16:35 AM

Quote from: bamboylee on July 25, 2016, 05:05:08 AM

Quote from: sotoshihero on July 24, 2016, 11:37:22 PM

Quote from: bitcoinmasterlord on July 24, 2016, 11:07:10 PM

It all depends on individuals lifestyle. If earnings are less and, expenses are more then surely savings will be hard. But if one start keeping out a little bit of money every month and try to manage their costs from the left over money then they can save some money over the time. But these days all prices are going up without any limit, and it makes very hard for average people to save money.

true, that's why saving should be a commitment . Buy only things that you needed not the things you want. Also buy things that is durable so that you are not buying the same things in a short period of time.

It all depends on how you manage your finances. Learn to save money first then the rest will be used for expenses. If it is not enough, then look for unnecessary expenses. Pay off your debts fast because interest from that will eat your money away. If you can stick to that, you will be able to save and invest in the future. Investments can really help your financial status.

For those who are in debt, others would also advice about paying them before just so the interest from those debts wouldn't file up. How many times have we heard of people trying to save and pay their debts at the same time and fail at both? There should be a good solution by talking to the persons or company you are indebted with to arrange some payment scheme that would suit your capacity to pay.

Well, it is a different story in the book that I have read already, according to the author even if we have debts we also need to prioritize our savings and savings should be divided in different allocation and one is investment. Only after our investment will succeed should we pay our debt.

Not everything that they say in a book is applicable in real life. Most of them just deals on ideal life situation and not applicable to everyone. If you have debts and you have no sufficient money to cover both savings and debts, pay off your debts first. Debts accumulate interest amd that will kill your saving strategy. Save after that. It will be easier. Then don't loan anymore when you paid off your debts.

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Quote from: peta4e on July 25, 2016, 04:53:39 AM

Quote from: TGD on July 25, 2016, 04:46:37 AM

Quote from: Positid on July 24, 2016, 11:46:11 PM

Quote from: Jeemee on July 24, 2016, 11:17:54 PM

Quote from: bitcoinmasterlord on July 24, 2016, 11:07:10 PM

Quote from: BeGoods on July 22, 2016, 08:54:11 PM

Quote from: sishendaoye on July 18, 2016, 03:54:47 AM

Saving money is not a hard job at all but it still is true that some people have trouble with it, I think that these people spend to much money when they have received money.
You always need to set a max of how much money you can spend per week.

nope I think the store is a difficult thing if the store is a simple matter of course everyone will not have problems in managing their finances and may be able to overcome the problem of waste and spending too much. but you see a lot of people extravagant and buy what they want you to know they are difficult to save money

It all depends on individuals lifestyle. If earnings are less and, expenses are more then surely savings will be hard. But if one start keeping out a little bit of money every month and try to manage their costs from the left over money then they can save some money over the time. But these days all prices are going up without any limit, and it makes very hard for average people to save money.

Yeah, I agree with what you said. In these days, all the prices of our everyday necessities are going up without any limit. Ad it is really hard to save especially for those below people (like).

And the worst thing is we invest our money with banks the interest are not adjusted that is why inflation happens. That is really the problem if you are just savings money for the future without considering to invest as you money's worth is decreasing in value.

You can find better than investing in bank with just small interest bitcoin is good way to earn more in investing , if you pick a right choice investment you will get profit more than the bank giving to you an small amount interest.

Save it in fixed deposits to earn more interests annually as saving money in the banks is the safest way and even if something goes wrong with your money then bank will help you in recovering it.

I think the bank will not be responsible when you're having mistakes so that there is someone who steals your money from your bank because of your mistake. but the bank will certainly help you in finding the thief. I think that would be you have a responsibility to yourself. just like you use bitcoin walllet. the difference is bitcoin wallet have no restrictions

potatopower

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Quote from: darkmagician on July 28, 2016, 07:36:09 AM

To save money it requires great level of discipline. Younger Generation doesn't believe in savings they just believe in spending. For eg if you are planning to buy a television i think you should search for used television and you never know you might get the best deal on internet which will you in saving money.

you are right, people sometimes struggle when it comes to saving all your bitcoins unfortunately and in my opinion you cannot do anything about it

in order to save money you have to put all your bitcoins into a cold storage where you wouldnt be able to access it and spend on some bs

Maesters1-

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Quote from: TGD on July 25, 2016, 04:46:37 AM

Quote from: Positid on July 24, 2016, 11:46:11 PM

Quote from: Jeemee on July 24, 2016, 11:17:54 PM

Quote from: bitcoinmasterlord on July 24, 2016, 11:07:10 PM

Quote from: BeGoods on July 22, 2016, 08:54:11 PM

Quote from: sishendaoye on July 18, 2016, 03:54:47 AM

Saving money is not a hard job at all but it still is true that some people have trouble with it, I think that these people spend to much money when they have received money.
You always need to set a max of how much money you can spend per week.

nope I think the store is a difficult thing if the store is a simple matter of course everyone will not have problems in managing their finances and may be able to overcome the problem of waste and spending too much. but you see a lot of people extravagant and buy what they want you to know they are difficult to save money

It all depends on individuals lifestyle. If earnings are less and, expenses are more then surely savings will be hard. But if one start keeping out a little bit of money every month and try to manage their costs from the left over money then they can save some money over the time. But these days all prices are going up without any limit, and it makes very hard for average people to save money.

Yeah, I agree with what you said. In these days, all the prices of our everyday necessities are going up without any limit. Ad it is really hard to save especially for those below people (like).

And the worst thing is we invest our money with banks the interest are not adjusted that is why inflation happens. That is really the problem if you are just savings money for the future without considering to invest as you money's worth is decreasing in value.

You can find better than investing in bank with just small interest bitcoin is good way to earn more in investing , if you pick a right choice investment you will get profit more than the bank giving to you an small amount interest.

yes that is right. as it is difficult me to save money in cash. therefore i invest my whole salary in bitcoin and depend for the month on my extra income coming from my field. i think that is the best option for saving to invest in bitcoin because it can not only save you money but also give you a good profit after some time. so i have invested my money for long term and hope that i will get a good profit from it.

goldcoinminer

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Quote from: Taki on July 28, 2016, 08:31:17 AM

Quote from: darkmagician on July 28, 2016, 07:36:09 AM

To save money it requires great level of discipline. Younger Generation doesn't believe in savings they just believe in spending. For eg if you are planning to buy a television i think you should search for used television and you never know you might get the best deal on internet which will you in saving money.

It's politic and commercial affects on new generation. They provide politic of sales, all this buying in a credit makes people don't worry about money. House in credit, phone in credit, today you can buy everything in credit. And all this is just sucking money from our wallets.
I am agree that saving money requires for big discipline and morgen young people do not what is that and how is that.

Well, if you enslave yourself on your wants that would happen to you, there are a lot of temptations out their and since you have the capability to purchase it on credit then you are prone to becoming bankrupt in the future if you cannot manage to pay the amortization in the future.

It is always advisable that we only spend that amount that we can afford and when that is credit then we cannot afford that.

Taki

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Quote from: darkmagician on July 28, 2016, 07:36:09 AM

To save money it requires great level of discipline. Younger Generation doesn't believe in savings they just believe in spending. For eg if you are planning to buy a television i think you should search for used television and you never know you might get the best deal on internet which will you in saving money.

It's politic and commercial affects on new generation. They provide politic of sales, all this buying in a credit makes people don't worry about money. House in credit, phone in credit, today you can buy everything in credit. And all this is just sucking money from our wallets.
I am agree that saving money requires for big discipline and morgen young people do not what is that and how is that.

darkmagician

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To save money it requires great level of discipline. Younger Generation doesn't believe in savings they just believe in spending. For eg if you are planning to buy a television i think you should search for used television and you never know you might get the best deal on internet which will you in saving money.

Jimbola3

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Quote from: pearnapple on July 28, 2016, 05:54:25 AM

Quote from: Zadicar on July 28, 2016, 04:55:44 AM

Quote from: Aamir1 on July 26, 2016, 11:50:07 AM

Quote from: Maesters1- on July 26, 2016, 09:59:48 AM

i think the only why through which you can save money is to invest your money in bitcoin. and then hold it for a long one . you will get to benefits at the same time one is that you will save your fiat money. and the second is that you will get extra income on bitcoin when the price of bitcoin iwll increase.

That is not a bad idea if someone really feels he can save some money from his salary and if he knows what he is doing because it is a risk somehow as the price of bitcoin is never stable, it may go up but it may come down as well.

Exactly saving bitcoin would be still risky since its unstable price well its also a good idea to save more bitcoin it might increase it price in future then youll gain profit out of it and then that profit you must save it or invest it so that you have another source income which really helps you in future.

i think you are right that saving bitcoins is risky at the moment though in my opinion anything might happen with it and i think that the overall trend will be up

It can be risky but as seeing the overall trend now a days it seems the price will go up more then $700. but also it is always good to use bitcoin rather just holding them and not to sell them now that is all i say to you guyzz !

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Quote from: pearnapple on July 28, 2016, 05:54:25 AM

Quote from: Zadicar on July 28, 2016, 04:55:44 AM

Quote from: Aamir1 on July 26, 2016, 11:50:07 AM

Quote from: Maesters1- on July 26, 2016, 09:59:48 AM

i think the only why through which you can save money is to invest your money in bitcoin. and then hold it for a long one . you will get to benefits at the same time one is that you will save your fiat money. and the second is that you will get extra income on bitcoin when the price of bitcoin iwll increase.

That is not a bad idea if someone really feels he can save some money from his salary and if he knows what he is doing because it is a risk somehow as the price of bitcoin is never stable, it may go up but it may come down as well.

Exactly saving bitcoin would be still risky since its unstable price well its also a good idea to save more bitcoin it might increase it price in future then youll gain profit out of it and then that profit you must save it or invest it so that you have another source income which really helps you in future.

i think you are right that saving bitcoins is risky at the moment though in my opinion anything might happen with it and i think that the overall trend will be up

That's all we can do now, we just have to trust the trend and believe that bitcoin will eventually go up in the future. Our main concern for now is how much investment are we gonna put to bet base on our speculation. It is more exciting to invest base on our gut feel although we really don't hold the future.

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Quote from: Zadicar on July 28, 2016, 04:55:44 AM

Quote from: Aamir1 on July 26, 2016, 11:50:07 AM

Quote from: Maesters1- on July 26, 2016, 09:59:48 AM

i think the only why through which you can save money is to invest your money in bitcoin. and then hold it for a long one . you will get to benefits at the same time one is that you will save your fiat money. and the second is that you will get extra income on bitcoin when the price of bitcoin iwll increase.

That is not a bad idea if someone really feels he can save some money from his salary and if he knows what he is doing because it is a risk somehow as the price of bitcoin is never stable, it may go up but it may come down as well.

Exactly saving bitcoin would be still risky since its unstable price well its also a good idea to save more bitcoin it might increase it price in future then youll gain profit out of it and then that profit you must save it or invest it so that you have another source income which really helps you in future.

i think you are right that saving bitcoins is risky at the moment though in my opinion anything might happen with it and i think that the overall trend will be up

Zadicar

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Quote from: Aamir1 on July 26, 2016, 11:50:07 AM

Quote from: Maesters1- on July 26, 2016, 09:59:48 AM

i think the only why through which you can save money is to invest your money in bitcoin. and then hold it for a long one . you will get to benefits at the same time one is that you will save your fiat money. and the second is that you will get extra income on bitcoin when the price of bitcoin iwll increase.

That is not a bad idea if someone really feels he can save some money from his salary and if he knows what he is doing because it is a risk somehow as the price of bitcoin is never stable, it may go up but it may come down as well.

Exactly saving bitcoin would be still risky since its unstable price well its also a good idea to save more bitcoin it might increase it price in future then youll gain profit out of it and then that profit you must save it or invest it so that you have another source income which really helps you in future.

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Quote from: vero on July 27, 2016, 10:54:32 PM

perhaps bank just offer small profit but bank will guarantee your money safe and for other investment you've choice by yourself would be have a big risk to make you losing some money.

Saving in bank has brackets on how you will save your money. There are savings for investment purposes and there are for savings only. That's why I don't get people here why they are expecting good returns if they will just save. If you want a good returns, choose a better plan that fits you and not just save money in bank.

vero

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Quote from: TGD on July 25, 2016, 04:46:37 AM

Quote from: Positid on July 24, 2016, 11:46:11 PM

Quote from: Jeemee on July 24, 2016, 11:17:54 PM

Quote from: bitcoinmasterlord on July 24, 2016, 11:07:10 PM

Quote from: BeGoods on July 22, 2016, 08:54:11 PM

Quote from: sishendaoye on July 18, 2016, 03:54:47 AM

Saving money is not a hard job at all but it still is true that some people have trouble with it, I think that these people spend to much money when they have received money.
You always need to set a max of how much money you can spend per week.

nope I think the store is a difficult thing if the store is a simple matter of course everyone will not have problems in managing their finances and may be able to overcome the problem of waste and spending too much. but you see a lot of people extravagant and buy what they want you to know they are difficult to save money

It all depends on individuals lifestyle. If earnings are less and, expenses are more then surely savings will be hard. But if one start keeping out a little bit of money every month and try to manage their costs from the left over money then they can save some money over the time. But these days all prices are going up without any limit, and it makes very hard for average people to save money.

Yeah, I agree with what you said. In these days, all the prices of our everyday necessities are going up without any limit. Ad it is really hard to save especially for those below people (like).

And the worst thing is we invest our money with banks the interest are not adjusted that is why inflation happens. That is really the problem if you are just savings money for the future without considering to invest as you money's worth is decreasing in value.

You can find better than investing in bank with just small interest bitcoin is good way to earn more in investing , if you pick a right choice investment you will get profit more than the bank giving to you an small amount interest.

perhaps bank just offer small profit but bank will guarantee your money safe and for other investment you've choice by yourself would be have a big risk to make you losing some money.

pearl11

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Reduce your expenses by spending on unwanted things, unwanted i mean to say is that find alternate way which costs you less avoid paying for cab just walk instead to office avoid going to gym go for jogging in early morning that will save your gym expenses. Each week, put some of the savings in a special account towards something you know you will really want but cannot afford. When you save enough to meet your goal, you will feel wonderful when you can buy it for cash from that saving.

Topic: How to save money. - page 47. (Read 345824 times)