Topic: How to save money. - page 97. (Read 345783 times)

Investment is not a good way of saving money imo. Its more like a way of risking your money. Anyway if I were asked how to save money, my answer will be: I won't spend a cent to any items I don't really need, spend less for leisure and buy cheap stuffs. That how I save my 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 .

I save money by always paying my bills on time.
This way I never have to think about paying extra fees etc.
Not taking loans, so I don't have to pay interest is also a good way to safe money.

There are lots of way to save money. Lots of method. Lots of ideas.

To perform those "lots" you must be serious to your saving purposes. Set your saving goals properly.

Sale items and holiday sales are great ways to save up a lot of money.
Last blackfriday i saved up 300 dollar just on christmas presents.

That's correct, the term 'Sale' is only on paper, if you compare the price you would find that you have been cheated as you pay higher in sale and that also for the unwanted things and that is ridiculous. So I don't think that sale can really make any difference in saving, it is better to spend money only on the things that you really want.

Sale is quite annoying too. When there is sale you also buy stuff you don't need.
For me it's saving by not spending. This way I know my buy behaviour will not win.

So shopping and buying only items i need.

I save money by always paying my bills on time.
This way I never have to think about paying extra fees etc.
Not taking loans, so I don't have to pay interest is also a good way to safe money.

I save money by always paying my bills on time.
This way I never have to think about paying extra fees etc.
Not taking loans, so I don't have to pay interest is also a good way to safe money.

Sale items and holiday sales are great ways to save up a lot of money.
Last blackfriday i saved up 300 dollar just on christmas presents.

Other ways to spend less, when you make a shopping list and stick to it. Buy sale items, generic products and bulk items whenever possible. Be careful when you shop at big stores that have all kinds of stuff if you go in for groceries, you may be tempted to buy other items you don't really need.

Good ideas, also I'd add in use coupons! You'd be surprised how much 30min of cutting out/printing out coupons will save you, it adds up to the $1000's for me over the year.

One thing is true we learn to save when we are childs,some of us atleast,when you wanna buy a new game or videogame you start colect all weeks the money fathers gaves to you to reach that ammount and you became able to buy it.Some of us keep those lesson for the rest of our lifes others,think they dont need to save ,but its a must.

Great tips. I've got some more for OP
- Buy what you need
- Save the maximum you can and make sure the money is working for you  (investing or use a savings account)
- Eat/drink what your body needs, not what you minds need
- Cut your spending (f.e. use skype/viber for mobile calls, instead of your mobile subscription)

Write a list before you go shopping – and stick to it.

Quit using credit cards.At least reduce to a minimum amount.