how to save money? - page 19. | Bitcointalksearch.org

wallstone

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Quote from: HI KITTY on August 23, 2018, 10:29:49 PM

here are the simple steps to save money:
1. You must record all your expenses
2. Make a budget for all expenses
3. Start planning on saving money
4. Choose something to save for your money
5. Decide on your priorities before spending
5. Make saving as a habit
6. Watch your savings grow.

any suggestion on how you save your money?

In saving money, you must have a big discipline since it is very hard to do. You must have discipline in prioritizing in buying what you really need and what you really want. It is hard to deal in things you want to buy.

louie69

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Well, I know for some people it could be easy for them to save money partly because they had sufficient amount of salary from their work and some may still have another extra business aside from their job. However for ordinary people with low salary, I believe it could be hard to save but I think it will also depend to the standard of living of every person and the priorities that they consider. I also think that joining signature bounty campaign can also make you save your money since as a participant you will be able to earn profit. From there, your earnings from the campaign can be your savings instead.

Kakmakr

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Let's make this thread applicable to Bitcoin and rephrase the question, "How to save bitcoins?"

1. Only use disposable income to buy bitcoins.
2. Avoid spending too many coins on cheap consumer goods.
3. When you buy something with bitcoins, replace the amount of coins that you spend to prevent future regret, when the price skyrockets.
4. Hoard 80% of all the coins you buy and spend 20% to support the merchants that accepts Bitcoin.
5. Do not panic with every small dip in the price.

Hope this puts a new Bitcoin spin on this topic. Grin

NavI_027

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Quote from: HI KITTY on August 23, 2018, 10:29:49 PM

any suggestion on how you save your money?

You're right but now let's talk related on crypto. Here are the usual things that I do to save btc as much as possible:
1. Buy on any dips and sell only when you meet your definition of "skyrocket". Sounds greedy yet effective for me.
2. Keep the "feeling contented" attitude. It's like that you should only use your crypto for providing your needs or for instance of emergency expenses only. Resist yourself to buy unnecessary wants.

Quote from: Jaycee99 on August 24, 2018, 03:35:17 AM

7. If it is foriegn money invest it gamble do not just save

Gambling works like a Wheel of Fortune which only depends on pure luck. This means that is not applicable for all particularly for those scared ones. Probably just risk-takers like can do this. Anyway, seems your own tip is working for you so congrats

.

MainIbem

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All what you wrote are theory. It will not translate to savings of money. For example, how does writing down your expenses translate to saving?
Saving is deliberate setting aside of a specific amount of money kept either in a bank or invested in an asset. You do not save what is remaining out of your expenses, rather you spend what is left of the amount set aside for saving.
That way you have decided on saving.

virendarnagpal

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Do not worry how to save money. Just concentrate on how to earn money. Find ways to increase your earnings.

Spend for all the necessities with open heart. Do not save at the cost of necessities.

Avoid luxuries. Do no spend just on luxuries.

You will find your savings are growing. Then invest this surplus money for more income. See the results.

phpartisanmaster

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Quote from: toolucky98 on August 24, 2018, 07:58:33 AM

Quote from: HI KITTY on August 23, 2018, 10:29:49 PM

here are the simple steps to save money:
1. You must record all your expenses
2. Make a budget for all expenses
3. Start planning on saving money
4. Choose something to save for your money
5. Decide on your priorities before spending
5. Make saving as a habit
6. Watch your savings grow.

any suggestion on how you save your money?

try to divide your needs in percentage for example 40% for monthly needs, 30% for installment, 20% for future savings, 10% for social needs, then divide it with your monthly income

I prefer you have a day job and just keep on trading in cryptocurrency to earn more profit and from there you can have more income depending on the demand.

pathapoddo

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you can also use some low price excessories which is not important to use expensive. You can also use some technices like that you should not use more internet in your mobile it can make your expenses more than other days.

KingdomHearts

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Quote from: HI KITTY on August 23, 2018, 10:29:49 PM

here are the simple steps to save money:
1. You must record all your expenses
2. Make a budget for all expenses
3. Start planning on saving money
4. Choose something to save for your money
5. Decide on your priorities before spending
5. Make saving as a habit
6. Watch your savings grow.

any suggestion on how you save your money?

To save money is not an easy thing, before you save money you must first of all determine that you want to save money and also know why or what you’re saving for. If your reason is because you want to buy a house or a car, no problem… it can also be that you just want your wealth to grow and you don’t want to be spending unnecessarily, much better! If you have decided on why you want to start saving money then you can follow the steps the OP has listed here to do so. Good luck.

Reza1893

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Activity: 120

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Quote from: HI KITTY on August 23, 2018, 10:29:49 PM

here are the simple steps to save money:
1. You must record all your expenses
2. Make a budget for all expenses
3. Start planning on saving money
4. Choose something to save for your money
5. Decide on your priorities before spending
5. Make saving as a habit
6. Watch your savings grow.

any suggestion on how you save your money?

in my opinion this is a great step to learn to manage finances in the right way. Saving is something that is difficult to do but in the way you mentioned, I am sure everyone can do it well and correctly. Save not only with money, but in other forms of investment, such as gold and property.

Hatuferu

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Quote from: luckyluigi on August 24, 2018, 05:26:17 PM

Well, this is a rather difficult topic and not all of the same methods are the same. If you can, then just spend less. And if it's difficult for you, or you spend a little bit, try to find additional income. You may think of some kind of small business that will give you additional revenue that you can put off.

Right.Try to spend only on the things that are mostly needed and do not waste your money on useless stuffs.Make a budget plan so you will have a guideline how much you will spend so as not to make shortage of budget.And if you can,yes putting up a business that will create additional income might be a good idea as long as it will favor the mass.

luckyluigi

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Well, this is a rather difficult topic and not all of the same methods are the same. If you can, then just spend less. And if it's difficult for you, or you spend a little bit, try to find additional income. You may think of some kind of small business that will give you additional revenue that you can put off.

Abolaji11

jr. member

Activity: 352

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Kudos for all the steps itemised in saving income. However, we need to understand saving money is never easy to do especially if you don't have a stable or permanent job. But if u have a decent job, having a working savings plan (that you can stick too) similar to the one mention above will really helps in term of needy.

Ayaah

newbie

Activity: 140

Merit: 0

Quote from: HI KITTY on August 23, 2018, 10:29:49 PM

here are the simple steps to save money:
1. You must record all your expenses
2. Make a budget for all expenses
3. Start planning on saving money
4. Choose something to save for your money
5. Decide on your priorities before spending
5. Make saving as a habit
6. Watch your savings grow.

any suggestion on how you save your money?

As my strategies in saving my money is that I make a least. I will buy first the most important things like foods that I always consumed for that week. Then my payments of my electric and water bills consumption and my allowances. And the rest is I keep it for my savings.

BTC-BTC-BTC

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Self-discipline is one of the most important thing people don't pay enough attention to. Other people only can recommend what you can do but, it's up to you want to do it or not. Very easy to spend but very difficult to save.

frankiemalton

member

Activity: 196

Merit: 10

What do you want to save for? If you name your goal you’ll reach it faster. If you’re new to saving, try starting with a small goal.

darkangel11

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Don't let others control your BTC -> self custody

Do you want to know what the most important point is? With this point you will not even need OP's points (even though they are good).
STOP BUYING USELESS SHIT!

For instance, if you have to buy a phone and can get a simple one for $100 or a new iphone for $1000 don't buy that overpriced iphone just because your friend has one.
Never follow the trends, never buy expensive cars, never buy things you will not use and if you happen to do it once in a while, sell those things ASAP, before they lose too much value. Oh, and the worst thing you can do is buy a thing you don't need on credit.

Jimbo201

newbie

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Quote from: Aikidoka on August 24, 2018, 04:32:50 AM

Saving money is really tough. You might ignore it at once, but when you are about to save some, you just are like "Screw it, I am gonna buy a pack of cigarettes." Saving money is not about depriving yourself of necessary things, but it is about saving 30% and spend 70%. These 30% are quite enough to make a good fortune. I, myself, do not save money. If I do so, I will be rich. Saving money needs a strong determination and patience. That is why people fail to save money.

Well there are ways to train yourself.
(Vipassana-) Meditation, Yoga and a moral life helps accepting what I have. So I hardly spend anything on pleasure. Just on the things I need to live.
Plus that I think that Bitcoin is good to have savings in. For the better of a future moral based society.

mrcash02

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Quote from: Hydrogen on August 24, 2018, 08:16:13 AM

These days people seem to prefer a methodical approach. In terms of statistics rent and food are the two largest liabilities on a person's balancesheet. The most effective cost savings is likely to be eating out less and preparing your own meals. There are exceptions to this like the mcdonald's dollar menu, of course. After food beverages can be a decent expense. Buying a 5 gallon container and filling it up with potable water from the supermarket for $1.00 can yield good cost savings. Using coupons or buying things on sale can also make a difference.

After food and rent I guess transportation and entertainment is the next biggest expense for many. Money spent on gasoline or car insurance and going out to see a movie, go shopping or eating out. For those who live in a city where everything is relatively close they might get away with buying a moped which requires no insurance to cut car costs and reduce fuel consumption.

Another good way to make saving easier is to have some type of side hustle which generates income.

Being lucky enough to have someone who has done well @ these types of things and has valuable expertise to share can also be a massive boost.

I think it really depends where you live. If the person's goal is to save money the best to do would be to move to a countryside city where goods and services are cheaper and the stores are closer of each other. However, the wage in a big city should be taken in consideration: to execute a "grunt work" will probably be worthless compared to the basic expenses costs, but to be an executive makes the expenses look inoffensive, then it still worths to live in a big city, saving money meanwhile.

In a countryside city the person can eat out for a cheap price and even prepare his meals for less. Also, a car isn't a must to go everywhere.

BestSSS

jr. member

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It happens so that people just have nothing to save, and this in the world very much. As if the person did not plan their expenses, but if there is no money - the Result is no savings. The world is harsh and dangerous and rise among many not everyone turns out, it is simply impossible

Topic: how to save money? - page 19. (Read 2615 times)