Topic: How to save money. - page 88. (Read 345824 times)

perfect i like your style. earning as much as we can , after we reach we can use it to invest or saving it..?
LOL 

i will use your way, earning as much as i can.

banks are pretty safe just for now in my opinion, people might safely hold their money in banks for a few years because there wont be any changes most probably

i think that the best idea would be to transfer all your funds to a cold storage and not spend it, also you shouldnt invest it in any hyip scams that will make you lose your bitcoins

In the current unstable financial environment, banks no longer look like a safe fortress.

To save some money you have to save money at your bank and dont give so much money out to stupid things or something.
Gambling is also very bad to earn money you have to make an investment or you have to trade to earn some money.

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 .

Every one should get the habit of saving from his childhood. Like what is the difference between buying a pen that cost $1 and $10- pen serves the same function, only different in design and manufactures. Saving is a habit.

Well managing the income to get rich isnt for all ,we are talking about those peoples that earns over 20k dollars monthly.Well i take my salary to cover all the expenses at home,the bitcoin i get is invested at some mini projects ,and a bit keeps growing slowly and waiting a good value maybe to convert .Soo i keep the house first and the others incomes i use them the way i think is better.

Very rightly said, invest in something where you can earn some small returns in future, and I really feel to save in bitcoin at a moment as I have a feeling that I will earn more in future.

Plnt trees, buy lands, invest in something that will give small but sure gain. Don't need to take it high in the skyscraper. I am an optimist so I like to gamble big, but saving sensible or investing sensible is the right way to go.

If you have a habit of purchasing with credit card then it will increase your expenses, as you know that you don't have to pay at a moment that will make you to purchase unwanted things too.

That's right sir , for me if you have a stable job and there's an excess money i better choose to put in a bank or bitcoin wallet,but in bitcoin wallet there is a chnce that your savings may grow and grow in time.

if you are already employed and earn a stable and fixed. you have to do to become rich is have a good financial management. You will have a calculation where out money well.
then you will be more efficient and will be rich

Try to earn more and spend less, do not spend on unwanted things, just spend on basic necessities and that will help you in saving your money.

yeah it would be nice if you have a large income. and plan a great save. certainly in a short time if you have a good store strategy. you're going to get rich quick.
saving strategy would include a note on how much money can you spend on shopping, and etc

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.

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.