Do you have habit to save money? and How to save money in daily life?
Do you have habit to save money?
Saving money...well, I like to collect change I find around the house in a cup. Does that count? 
I never have been too much of a saver. I like to spend, spend, spend (unfortunately). I do have some investments in gold and my father's oil company, but other than that I just go with the flow and hope for the best. Can't say it's the best method, but it seems to be working so far.
I never have been too much of a saver. I like to spend, spend, spend (unfortunately). I do have some investments in gold and my father's oil company, but other than that I just go with the flow and hope for the best. Can't say it's the best method, but it seems to be working so far.
| pampoon wrote: |
| Saving money...well, I like to collect change I find around the house in a cup. Does that count?
I never have been too much of a saver. I like to spend, spend, spend (unfortunately). I do have some investments in gold and my father's oil company, but other than that I just go with the flow and hope for the best. Can't say it's the best method, but it seems to be working so far. |
yeah,good investment is also a kind of way to save money,and it can save more money i think .
you invest gold and oil ?wow! it must be big investment! hope you can save big money from them! and hope you invest me to make animation film some day!
Just spend less money than you make, and saving happens by default. I had around $8000, but bought a truck, so I'm a little out until I sell my old one.
I am not sure but maybe saving money in life is going out of style? True making smart investments seem to be a good way but most people today have only enough to get by on and that is about it.
I once tried using only bills when dealing with cash and kept the change I got for my piggy bank. What about that elderly lady in the news? Her children bought her a new bed and tossed out the old one into the dump but then they found out she had put a million in it?
Sometimes if you give it away to those in need it comes back to you. Don't know how that works just that it does.
I once tried using only bills when dealing with cash and kept the change I got for my piggy bank. What about that elderly lady in the news? Her children bought her a new bed and tossed out the old one into the dump but then they found out she had put a million in it?
Sometimes if you give it away to those in need it comes back to you. Don't know how that works just that it does.
| Bluedoll wrote: |
| I am not sure but maybe saving money in life is going out of style? True making smart investments seem to be a good way but most people today have only enough to get by on and that is about it.
I once tried using only bills when dealing with cash and kept the change I got for my piggy bank. What about that elderly lady in the news? Her children bought her a new bed and tossed out the old one into the dump but then they found out she had put a million in it? Sometimes if you give it away to those in need it comes back to you. Don't know how that works just that it does. |
To me, money is a resource. If you mindlessly squander resources you end up depriving yourself and potentially harm others. Much of the reason of the world economic crisis is due to flagrant squandering of money as a resource.
That gave me a chuckle. What's that proverb? A fool and his money soon part ways. Spending money is all good as long as you rake in a boatload. Once all the bills start catching up to your spending and you dont have savings then what? But yeah it does seem to be going out of style. The sad part is the irresponsibility is spread all across the economic ladder.
Well put.
| Quote: |
| I am not sure but maybe saving money in life is going out of style? |
That gave me a chuckle. What's that proverb? A fool and his money soon part ways. Spending money is all good as long as you rake in a boatload. Once all the bills start catching up to your spending and you dont have savings then what? But yeah it does seem to be going out of style. The sad part is the irresponsibility is spread all across the economic ladder.
| Quote: |
| Just spend less money than you make, and saving happens by default. |
Well put.
| ocalhoun wrote: |
| Just spend less money than you make, and saving happens by default. |
There you go!
littleladyluck
There are different ways to save; buy shares, put money away in a bank account and let interest grow. I think it is very important to have money put aside; for your future projects, for unforeseen events.
I bought a laptop recently, and my savings account is down to two digits. I AM going to get a summer job soon, though. Also, I invest money in sales on items in games (like Furcadia, Neopets, etc.) and turn around and sale them for hardly any money using Paypal or invest the in-game currency in even better deals to get more money.
| deanhills wrote: | ||
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true. requires a lot of discipline. sometimes saying no that vacation is very very hard. but if you don't then financial ruin is around the corner.
fullmetalalki
saving money is just a necessity, especially in these tough economic times. As unemployment reaches double digits and unemplyment checks are only about $400 / week so you really have to find a way to make that last.
i believe that after this recession is over, the american people will be able to manage their money much better than they were once able.
i believe that after this recession is over, the american people will be able to manage their money much better than they were once able.
Jupis
Only buy what you need don't go for things that look cool but you won't want in a few weeks time or won't use.
iyepes
Yes, I have that habit. How do I do it? simple, the day I receive my payment, I transfer a fixed amount to a second account, used only for savings. This money will be used only for specific purposes, not for my dayly needs.
I think everybody can save, even if they are only $5, you can afford that. The key is stablishing the right fixed amount for you and respect it.
I think everybody can save, even if they are only $5, you can afford that. The key is stablishing the right fixed amount for you and respect it.
I get my paycheck deposited straight into my savings account, and I just transfer whatever I think I'll need weekly into my checking account. I live with my parents, so my room and board is really low, plus I buy all my clothes used. The only other things I really spend a significant amount of money on are music and donations. So with all that I can save about 80% of my income. Unfortunately I don't make much money in the first place, so my goal of owning some real estate is still pretty long way off.
Best way to save money is to cut expenses on things you really don't need.
Another tactic I find helpful for the impulse buyer is to lock most of your money in an account that takes a little hassle to get at (phone/internet transfer before accessed by your ATM card or something like that) to give you time to reconsider your impulse by, thereby cutting costs and saving more.
Another tactic I find helpful for the impulse buyer is to lock most of your money in an account that takes a little hassle to get at (phone/internet transfer before accessed by your ATM card or something like that) to give you time to reconsider your impulse by, thereby cutting costs and saving more.
I'm a good saver. Mostly, because when I want something, it is something big, like a computer, so I
have to save money to get it.....cause I don't use credit. So I usually have a bit of money in the
bank......I do NOT spend money on little things like eating out or going to the movies. I had a job
making 20 thousand a year and was able to save over half that every year....and this was in Alaska
one of the most expensive states (along with Hawaii) to live in in the US.....and this was when I
was 25, at an age when lots of guys are blowing money going out partying. I didn't do any of
that either.
have to save money to get it.....cause I don't use credit. So I usually have a bit of money in the
bank......I do NOT spend money on little things like eating out or going to the movies. I had a job
making 20 thousand a year and was able to save over half that every year....and this was in Alaska
one of the most expensive states (along with Hawaii) to live in in the US.....and this was when I
was 25, at an age when lots of guys are blowing money going out partying. I didn't do any of
that either.
I used to save. At one point even had a little over $5000 in the bank. But then I became unemployed in February. Couldn't draw unemployment benefits because of the job I had. Indiana considers all farm/agriculture labor to be seasonal...even though I had been working there full time for a year and it was NOT seasonal. So that $5000 that was in the bank is gone. Been resorting to selling off everything I don't need, cashing in pop cans, anything to make a quick buck. Still going in the hole.
Once I find a job, and get things caught up I plan to start saving again. I like to have that fallback fund, just for an occasion like this.
But with any rainy day fund, when things are going good, I tend to splurge a little bit from time to time. But who doesn't
I probably would have had double the amount in the bank, but wheres the fun in life if you save every single penny and never enjoy a little something extra now and then. 
Once I find a job, and get things caught up I plan to start saving again. I like to have that fallback fund, just for an occasion like this.
But with any rainy day fund, when things are going good, I tend to splurge a little bit from time to time. But who doesn't
I probably would have had double the amount in the bank, but wheres the fun in life if you save every single penny and never enjoy a little something extra now and then. Hide your money...
I mean, literally hide it.
Pretend it never even existed.
You probably wont miss 10% of it honestly, and you can always find it again when times get tough...
I mean, literally hide it.
Pretend it never even existed.
You probably wont miss 10% of it honestly, and you can always find it again when times get tough...
yes, i do have a habit of saving money.....i save a little but i mostly invest my money to new business...
I am reminded of the old story called the ant and the grasshopper
Of course we have to save money! It could help us in future
Of course we have to save money! It could help us in future
It's so so hard to save money. Especially when I see food. I love trying out new food so I end up always buying even though I really shouldn't. need to do something with my food cravings.
When I began to work I wasn't saving anything!
But now I've changed my mind, I keep a little of what I earn.
It's always nice to know that you have a little something which can help you whenever the need comes!
But now I've changed my mind, I keep a little of what I earn.
It's always nice to know that you have a little something which can help you whenever the need comes!
Crinoid
| Quote: |
| Best way to save money is to cut expenses on things you really don't need. |
My point is exactly the same. No dining out, no coffee shops, no movies, games or concerts, do not party, no car with all costs involved, no hired labour for anything, lower house temperature, use less water (in the green way, not by becoming filthy), and so on.
Add "Earn enough to cover costs of necessities, medical expenses and insurance" and this is the way to go.
If this part fails, there always is a way to cut cost on necessary things, finding replacements on other places.
Who needs such life, may ask someone.
Well, some have not much of choice, and then it is the way to go.
Baka_Desu
I was raised by stingy parents so i have a habit to save every cent that falls into my hands.
I barely save any money. Although I have enough money to buy something to keep me satisfied. I am young and a good game or new keyboard can keep me happy for a long time.
Well I don't make much, but I feel like a save a good portion of it overall. Probably 50-60% each month of my income goes into a savings account and stays there for a while.
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