Post
Topic
Board Economics
Re: How to save money.
by
n2004al
on 27/09/2015, 12:44:20 UTC
The easiest way to save is to set up automatic transfers on your bank account.

For example, transfer 10% of your salary every month on to a side account that you force yourself to not access for a certain period of time

And just forget about it for a while Smiley

Yes it is good idea but one shouldn't have a easy access for that account. If he/she got easy access then there are chances they may use it when they need it.
yeah banking your money is good but theres such a thing that we consider like the inflation because it can affect our money in bank, after a year our money will value will decrease. And take all the insurances don't think that insurances are another payment, it will help you in the future.

The money will be affected by inflation everywhere will be. So this factor cannot be in consideration when someone need to take a decision about where to send the savings. In bank or everywhere else the savings will have inflation. Exact in the same amount. So this is not a factor that cannot leave us to save the money at the bank. There will have the same loss from inflation like in every other place. I don't know some place which protect the savings from inflation. At least in my country. If you know any please write here because I am curious to know that.