Quote from: shinratensei_ on October 30, 2023, 11:58:42 PM

Quote from: mirakal on October 30, 2023, 01:45:06 PM

Quote from: bitnote on October 15, 2023, 07:11:18 AM

We all want to save money, but it's not always easy.
There are so many things that tempt us to spend, unexpected bills that pop up, and it can be hard to make ends meet.
How do you manage to save in a world that encourages spending? Let's talk about it.
Share your ideas, tips, and stories about saving money, and together, we can figure out how to get better at it. (We will also draw valuable lessons from the mistakes and experiences of others.)

Stay at home most often if you want to avoid expenses like eating on fancy restaurants, or shopping on malls. What you want to do today might not be the same thing tomorrow. That’s one way of saving. Also, live life within your means. Do not spend above your income, otherwise you’ll end up having a lot of debt. Lastly, learn to invest more than saving a lot. Your savings has rare chances to grow, but when you invest, your capital might be double or triple in time as long as you invest on those high potentials to succeed. Hence, you will be more capable to save if you have a sustainable investment on the side.

also needs to keep in mind though, investment doesn't necessarily always results in success, its essential to choose investment based on fundamental, the only investment thats safe are investment that gives really low yield or return, therefore investment like bank deposits and so on, don't expect to get rich from it but instead expect it to at least give additional capital growth on top of combating the curent inflation.
but whats more important is to increase income, can't expect to save because the salary increase right now aren't really on par with the inflation increase therefore the disparity between the price of the goods and our purchasing power will get more bigger and bigger, thats just how bad it is the current condition for people with low income, its just increasing income is the only way.

I agree. Don't be complacent for what you currently earn especially if you know that it's just enough for the monthly expenses. Looking for opportunity to have another source to earn money is always wise, this is to increase the earnings and to be able to save money. Anyway, I don't consider bank deposit as an investment since the annual interest is too low and not worth it (at least for me).

Hence, I better look for other opportunities to invest. Of course it's not going to be easy and there are times you'll fail, but keep trying and stick to an investment where you have knowledge about and not just you're taking risk without knowing what you're getting into. Nevertheless, always have self-discipline to control how you spend your money.