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Topic: How to save money. - page 81. (Read 345783 times)

sr. member
Activity: 420
Merit: 250
April 25, 2016, 05:02:26 AM
Saving money comes very hard to me. Not good at it. I will keep this in mind and give it a try too. Thank you.
Saving money will be allot easier when you have someone else help you. But it has to be someone close to you like your partner or parents. Let them save your money for you so you cannot touch it.
legendary
Activity: 1008
Merit: 1060
April 25, 2016, 01:28:27 AM
Save money in bitcoin and you will get best returns in future I am saving part of my salary in bitcoin, as I feel I will earn good additional profits in next couple of months.

That is a good idea. Especially now that halving is approaching. Your money could earn more saving it in bitcoin rather than stashing is on a bank. Bank only give meager interest. But if prediction is good, bitcoin may double your money in a few months.
I know a lot of people have been doing similar things over the past year or two and have been taking part of their paycheck and putting it into Bitcoin, and I guess now it is finally paying off for them.


It's good if you just bought bitcoin this year, you can get profit after a few months. Smiley

But if you bought bitcoin 2-3 years ago, I don't think it's a good idea because you can use that investment money for some other things. Grin Thus, making your money grow more instead of just waiting for the price to shoot up. But if you're the busy kind of guy, then waiting for 2-3years might be okay to you.
hero member
Activity: 490
Merit: 520
April 25, 2016, 12:15:53 AM
Save money in bitcoin and you will get best returns in future I am saving part of my salary in bitcoin, as I feel I will earn good additional profits in next couple of months.

That is a good idea. Especially now that halving is approaching. Your money could earn more saving it in bitcoin rather than stashing is on a bank. Bank only give meager interest. But if prediction is good, bitcoin may double your money in a few months.
I know a lot of people have been doing similar things over the past year or two and have been taking part of their paycheck and putting it into Bitcoin, and I guess now it is finally paying off for them.
hero member
Activity: 714
Merit: 500
April 25, 2016, 12:08:18 AM
More discipline guys  Cool
I think it's actually quite easy to save money as long as you have the discipline. I'm pretty good at saving money and have much more than all my friends but I think it's about finding a balance. My friends tend to spend a lot of money on alcohol and going out whereas I don't. They probably enjoy themselves more than me but I know they all hate having no money but can't seem to change their habits. I go out once a or twice a month to party or whatnot but they go out once or twice a week and then have zero money at the end of the month and that then means no luxuries or holidays in the future. If they ever get into trouble financially or lose their job they then can spiral into debt quite quickly.

Yeah spending for fun is good but not on regular basis, you need to have control on your habits which will  directly contribute to have control on your expenses.

I think I heard someone said before that it takes twenty one days to form a habit. You are both correct in saying that discipline plays a key role in trying to form the habit of saving. For those who start saving at a young age, it's already second nature to them to set aside money either for savings or investments. For those who are just starting now, it could be quite hard, what with all the things you could buy and spend your money on. Instant gratification is what they look for. They don't look too far ahead in the future. So when the time comes that they are in need, they tend to be desperate and fall into huge debts.
hero member
Activity: 1148
Merit: 504
April 24, 2016, 06:30:22 PM
Save money in bitcoin and you will get best returns in future I am saving part of my salary in bitcoin, as I feel I will earn good additional profits in next couple of months.

That is a good idea. Especially now that halving is approaching. Your money could earn more saving it in bitcoin rather than stashing is on a bank. Bank only give meager interest. But if prediction is good, bitcoin may double your money in a few months.
hero member
Activity: 910
Merit: 1000
April 24, 2016, 03:35:08 AM
More discipline guys  Cool
I think it's actually quite easy to save money as long as you have the discipline. I'm pretty good at saving money and have much more than all my friends but I think it's about finding a balance. My friends tend to spend a lot of money on alcohol and going out whereas I don't. They probably enjoy themselves more than me but I know they all hate having no money but can't seem to change their habits. I go out once a or twice a month to party or whatnot but they go out once or twice a week and then have zero money at the end of the month and that then means no luxuries or holidays in the future. If they ever get into trouble financially or lose their job they then can spiral into debt quite quickly.

Yeah spending for fun is good but not on regular basis, you need to have control on your habits which will  directly contribute to have control on your expenses.
hero member
Activity: 1148
Merit: 504
April 24, 2016, 03:27:16 AM
To save your money just thinking about your priorities in life and buy only foods and use your money to pay for your bills and the rest of your monthly salary will be going to savings.

You can be saving that way, but you will be living a very frugal life. Where is the fun in that? How can you enjoy life if you tuck away all the money you have except those for basic necessities?
hero member
Activity: 868
Merit: 1000
April 24, 2016, 03:22:00 AM
More discipline guys  Cool
I think it's actually quite easy to save money as long as you have the discipline. I'm pretty good at saving money and have much more than all my friends but I think it's about finding a balance. My friends tend to spend a lot of money on alcohol and going out whereas I don't. They probably enjoy themselves more than me but I know they all hate having no money but can't seem to change their habits. I go out once a or twice a month to party or whatnot but they go out once or twice a week and then have zero money at the end of the month and that then means no luxuries or holidays in the future. If they ever get into trouble financially or lose their job they then can spiral into debt quite quickly.
hero member
Activity: 840
Merit: 1000
April 24, 2016, 03:02:28 AM
Save money in bitcoin and you will get best returns in future I am saving part of my salary in bitcoin, as I feel I will earn good additional profits in next couple of months.
Yeha you may just need a few days or a few weeks after that you will see bitocin prices will start to grow
and you'll get a bigger profit? save money in bitocin good idea

yeah I think that is a good idea to save in bitcoin at a moment, as price will reach to the sky at the time of halving so you can redeem you coins and earn profits.
hero member
Activity: 504
Merit: 500
April 24, 2016, 02:17:37 AM
Save money in bitcoin and you will get best returns in future I am saving part of my salary in bitcoin, as I feel I will earn good additional profits in next couple of months.
Yeha you may just need a few days or a few weeks after that you will see bitocin prices will start to grow
and you'll get a bigger profit? save money in bitocin good idea
hero member
Activity: 672
Merit: 500
April 24, 2016, 01:25:11 AM
Make sure to control your spending. Don't buy rubbish stuff like a drone or something. Use your money for buying things you need and enjoy it more.
With the amount you save on a yearly basis invest in some low risk fund.

I can catch up your point rightly, not buy something which not too important will only spend bitcoin not beneficial. Use bitcoin to important thing, and better save bitcoin to legit site as investment.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
April 23, 2016, 06:30:25 PM
Squashing expenses is the first step. I do love my electronics but I only buy new stuff by selling on the old stuff. I hardly ever buy clothes, mainly because they rarely fit. I smoke, but I only buy it duty free. If I had to pay full whack I'd quit. I don't drink. If I'm going out for the day then I'll eat before leaving unless I know there's somewhere good.

Do I feel deprived? Nope. I know a few very profligate people. They seem to constantly have nothing anyway.
legendary
Activity: 1008
Merit: 1000
April 23, 2016, 05:09:32 PM
Make sure to control your spending. Don't buy rubbish stuff like a drone or something. Use your money for buying things you need and enjoy it more.
With the amount you save on a yearly basis invest in some low risk fund.

Why to invest if we can make good money in next few months by buying bitcoin, its and saving and invesment too, so I am doing the same thing at a moment.
hero member
Activity: 672
Merit: 500
April 23, 2016, 04:34:12 PM
Make sure to control your spending. Don't buy rubbish stuff like a drone or something. Use your money for buying things you need and enjoy it more.
With the amount you save on a yearly basis invest in some low risk fund.
hero member
Activity: 812
Merit: 1000
April 23, 2016, 03:37:43 PM
Save money in bitcoin and you will get best returns in future I am saving part of my salary in bitcoin, as I feel I will earn good additional profits in next couple of months.
sr. member
Activity: 252
Merit: 250
April 23, 2016, 03:11:33 PM
Try to decrease your expenditures and try to increase your income with hard struggle, so it will automatically start saving your money.


That's a good way, in short, your lifestyle should not come along with your income... Everytime you have extra income or your salary increase, try to be the same, that way you will see your income increasing and at the same time you could control your self from spending unnecessarily ...

No matter how rich you are. If you start putting a lock on your expenses, you will earn money.  I may sounds weird but it is the truth. Cost efficiency living is a gurantee for succes.

Just to add on to this.

I recommened people just outtask the work to someone else, since its a time consuming thing, adding up in the spread sheet.

I did this awhile back on my own, and its pretty time heavy if you dont do it regularly. And you gotta check all the receipts and all that stuff.
hero member
Activity: 644
Merit: 500
April 23, 2016, 02:59:02 PM
I safe money by not buying useless stuff. Mostly buy food, clothing what i need, not what i want.
This way i manage to safe about 200 usd per month, which is then forwarded to my bitcoin fund.

The best way to save is to spend less and save more. Choose a bank account with more advantage of perks along with more interest. Don’t spend huge money for entertaining yourself. Spend less money on beverages drink and cigs if you smoke.
legendary
Activity: 2240
Merit: 1069
April 23, 2016, 10:19:40 AM
Being able to balance income with outcome will allow you to know how much from your salary isnt used to pay bill,soo those money need to go to saving and pleasure a part from both.

Yes there are plenty of excel spreadsheets online which you can use to monitor your income and outcome. From there you only have to make sure to make sure to cut back spending so you can safe more money. The more you save the better.

So avoid buying useless gadgets etc.

And you have to follow this guide religiously because this guide can only go so far. If you don't follow it, and fall victim to temptation then it will be useless. Yoh will just buy gadgets and useless things and all your savings will be gone. Discipline.is a must if you want to save money.
sr. member
Activity: 370
Merit: 250
Forza Italia
April 23, 2016, 09:27:14 AM
I safe money by not buying useless stuff. Mostly buy food, clothing what i need, not what i want.
This way i manage to safe about 200 usd per month, which is then forwarded to my bitcoin fund.
legendary
Activity: 812
Merit: 1000
April 23, 2016, 09:08:34 AM
Try to decrease your expenditures and try to increase your income with hard struggle, so it will automatically start saving your money.


That's a good way, in short, your lifestyle should not come along with your income... Everytime you have extra income or your salary increase, try to be the same, that way you will see your income increasing and at the same time you could control your self from spending unnecessarily ...

No matter how rich you are. If you start putting a lock on your expenses, you will earn money.  I may sounds weird but it is the truth. Cost efficiency living is a gurantee for succes.

Yes very true but i think to earn you must need a proper disciple to yourself and try not to look for beautiful things and buy it when it is not usable for you. Other there is avoid to gamble to much money because high chance to you lose big money and you left nothing with it Just focus to discipline yourself and thats the key to save.

I'm not sure it's discipline, more like re training your mind. We are taught by advertising and marketing companies worldwide that spending money brings happiness when in my experience the less money I have to spend (not invest - investment is another kettle of fish) the better and happier I feel.
Discipline is the key for success for sure, if you don't have discipline in you and if you lack control on your spending then you won't be able to save single penny.
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