Topic: How to save money. - page 53. (Read 345783 times)

Many way to save your money not only buying bitcoins and save it for safe place..  the safetiest that i know better to save your money is banks but your money there will not multiply unlike invewsting it all in bitcoin and wait for the price to increase..

Keep in mind that you are in an era of negative interest rates. Banks can easily knock off a portion of your deposit as fees or negative interest. This has happened only to corporates until now, but it could happen to individuals also.

Need to save atleast 20% of salary Go for savings investment plans which deducts a part of salary from your account and gives you good returns in future and will also help in tax benefit purposes..thats the only way to save money who has a fixed amount of income..

this is a valid Idea. but every person can't afford to save 20% of salary every week. lots of people don't even getting that much money that they can feed their family properly. but yes try to save as much as you can because these small savings will help you alot in future.

20% can be quite a lot for some people. For me for example a lot of my income goes to monthly bills, like rent, phone, internet, insurance etc.
On average i try to save at least 10% every month. Sometimes i succeed, but there are times i don't

20% can be quite a lot for some people. For me for example a lot of my income goes to monthly bills, like rent, phone, internet, insurance etc.
On average i try to save at least 10% every month. Sometimes i succeed, but there are times i don't

this is a valid Idea. but every person can't afford to save 20% of salary every week. lots of people don't even getting that much money that they can feed their family properly. but yes try to save as much as you can because these small savings will help you alot in future.

Higher rewards comes with higher risks, no doubt investing in bitcoin as no one is aware about the future of bitcoin, but if it works in long run then we can earn higher profits.

Need to save atleast 20% of salary Go for savings investment plans which deducts a part of salary from your account and gives you good returns in future and will also help in tax benefit purposes..thats the only way to save money who has a fixed amount of income..

We have the same habit regarding on saving. I just collect those coins even on the street I don't mind if people would watch me the important thing that I found a coin and save it for future use. In terms of Bitcoin I do also save my extra btc and don't use it for nonsense things like investing on hyips or other ponzis out their which I already now it would scam my precious btc that I've earn so hard.

I save money to collecting coins. I pick every coin I see lying on the ground and people look at me funny.I will pick up coins from the grass or from the street, it does not matter. They all go into my little jar at home, and then later on they go to the bank. That why every single coins important to me coz my saving got increase every month.

Keep in mind that you are in an era of negative interest rates. Banks can easily knock off a portion of your deposit as fees or negative interest. This has happened only to corporates until now, but it could happen to individuals also.

The interest rates offered by banks are not really that attractive, instead we should invest our money in other investment when we can earn good return.

Banks are just good for safe keeping of your moneyy as you have no risk since it is subject to insurance.

This is my first post. Please do respect

My post intention is to help readers to save their money.

Some of the employee are not saving their money. They spend it on things that they dont need. For example gadgets,buying a concert ticket, accesories, etc.Buying things that not they need is also like a wasting money. Because this thing give a happiness  not a good life. Saving money is just like securing your future because your savings can help you in emergencies. These are the way to save money .
If you are empolyee. You must save atleast 20% of your salary. The 20% of your salary divides into two .


The 1st way : cash reserves- medical insurance, retirement, life insurance  and if you not have salary yet. And emergency. But dont spend all of you 10% in this emergency. You must know if the injury is serious o not before you spend the 10%.
The cash reserves must equal of your 6 months salary this will help you and ensure you becauas of you loss your job you have extra money .

The 2nd way : investment, business- you can invest in some company so that you have a extra income. And you can also built a small business that will always have an income like apartment.

Example. My wage is $ 7.5 per hour and i work for 8 hours and i work for 20 days. So thar my salary is $1,160 . The 20% of $1,160 is $232 .
So that my cash reserves is $ 116 i can spend this money in emergencies and medical insurance.
If my 6 month salary is $6,960 i can stop my saving money in cash reserves.
 

Thank you .

Each and every bank pays annual interest, but those interests are in peanuts, its better to save in fixed deposits from where you can earn higher rate of interests.

A bank that has no annual interest? That's unfair for people that trust a certain bank. There should be an interest for people that give their money with banks because that is a form of saying "thank you, you trust us."

I would even say you need really a lot,in my country you wont make a deposit to get some % more of every year,
if you wont have about 1-3 btc in fiat,so that is not fine for me to invest there,and the growth is very very slow.

One of the best ways we can save is to earn more than we spend. Of course it is a hard thing to do especially if you don't have the skills to offer for a higher paying job. Another way to save is to live below our means. By avoiding unnecessary expenses, we could save little by little for the rainy days.

Many people here in philippines i think there are no saving why? Because the salary here is a provincial rate its 280 php its not enough for daily living. So that others get depth. So many people get work in another country to have a good future for there children to earn and save money. They take a risk from another country to have a good salary.