Quote from: Dotakels on June 18, 2015, 09:38:43 AM

Quote from: techgeek on June 17, 2015, 07:43:38 PM

Quote from: mackbells on June 17, 2015, 05:14:43 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 .

Assess clothing in terms of quality as well as price. An inexpensive shirt or coat is a poor bargain if it wears out in less than a year. Consider fabric, stitching, washability, and other quality related factors in your selection of clothes.

I rather go with the 2nd way.

By the way, your cash flow is your ability of hacking it or not. And when I mean hack, I mean forms of anything can form you a profit that beats a 1 hr wage workers pay.

You can say that you have a job that have a high wage? i think its hard to find a job that the have a high paying method is wage. More on the most paying method is the salary.

Salary is the correct word. And in recent times I have seen many professional who are well qualified but are not getting salary as per their expectations and It makes me worried that what would be the scenario in next few years So savings have become so difficult for a person who have only single source of income.