Quote from: cbase on June 15, 2015, 01:23:02 PM

Quote from: Dotakels on June 15, 2015, 12:30:18 PM

Quote from: bumm on June 15, 2015, 12:05:32 PM

Quote from: Dotakels on March 27, 2015, 06:33:37 PM

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 .

Great analysis and suggestions. This truly defines a proper way of managing your hard-earned money. It doesn't matter if a person is earning low or high until it is being properly managed. Well thought out plan.

Thanks. but some people can't still understand my point, they have so many question that they can only answer it by them selves. By experienced it or they would realize.

The people who don't realize the value of money are either doing very well and having abundant of it, or they actually do not care about anything. Cheesy

Just kidding

anyways on a serious note, it is truly a job well done from you to get all the aspects covered.

yeah and they have a flawed mind to understand what i really mean, and sometimes their question or topic are really out of topic, but i just ignore it because its so hard to explained if they not really understand.