Topic: How to save money. - page 70. (Read 345783 times)

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 .

Theres a certain limitation of being super frugal though.

Since most people are accustomed to buying things and keeping up with the trend, its only natural. The only difference someone can make a impact is if they suffer in being frugal to build something that can outcome tons of sales so they can naturally keep up with the trend without a pain.

But also know to stay grounded too.

For most people, saving is just an option. They don't take saving seriously because they don't look too far into the future. They only care for the next 5 - 10 days, and start to worry when they have very little money when payday is still a few days away. That mindset stops them from saving for their future and only depending on their income as if they can work forever. It's sad to see old people who struggle to make ends meet once they reach their retirement years because they were not able to save when they were younger and more able.

The last in the list are desperate measures, it's funny where people's last option is to use other people to achieve their goal on becoming rich.

you can invest it, in safe place like buying gold , or maybe bitcoin.
i think it's more safe than you safe at your bank .

My tip on saving money:

• You must have a GOAL
• Spend your money on things you need not the wants
• See yourself after 5 years if your doing the 1 and 2 list
• if you feel spending your money on things that are not in need but only wants Go back to list 3
• If you cant do the 1 2 3 4 list, marry a rich old man/lady in our neighborhood and wait until his/her death and the wealth is all yours!! Mwahahahaha(evil laugh)

Thats my tip. Currently for me im doing the 1 2 3 list, im hoping i wont reach to the 5 list hehe

To save some money you must dont be greedy otherwise it will be not possible to save some money because than you are just only spending and that is really bad.
But you have also to make an investment if you want to earn some more money later so you can get some profit.

Investment not always ended with a good result, sometimes you can hit the rock and loss.
Instead of getting a good profit and increased the saved money it can make you in a loss.
If you really trying to save money , just save and keep it!

I think for saving money being a bit greedy and not much is fine and also it is a prerequisite. Investment is a solution for increasing the saved money.

If you have great control on spending your money on useless things then you will certainly save some money for future and it will increase over a period of time.

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 .

Supposing that you have some sources to save, one must consider some low risk investments with low ROI.

.. or find some stable financial source to support your saving money goal.

No way you can saved some if you don't have any stable income at least in a weekly or monthly basis.

..Investment is a solution for increasing the saved money.

To save some money you must dont be greedy otherwise it will be not possible to save some money because than you are just only spending and that is really bad.
But you have also to make an investment if you want to earn some more money later so you can get some profit.