Start saving your money

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2 years ago
Topics: Money, Saving, Crypto, Currencies, English, ...

Hello guys today we will be talking about money and how important saving your money is, and by starting to save you will keep cash with you and try to open business or invest in stocks or any other things that we will be talking about right now so start saving your money and you might get richer.

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Saving most of the money from your job or work

While you have a job try to spend less and save more so you can be somehow financially free and try saving for opening a small business that you can extend and grow slowly with time. Avoid spending too much money on things you don't need especially things that does not matter too much like junk food or sweets, and try to eat less sweets and junk food and just eat anything cooked at home and save some money, and if you go by car or by taxi or bus to the job and your job is located near your house then try going to work walking or jogging therefore you will save even more money. Spending too much money on things that you don't need will actually make you have a lot less money then you will maybe be even in debt.

It's not easy

Being able to save money is not an easy task and at first if you are used to spending money too much you will feel like you need a lot of cash with you so you can buy any food from outside or by whatever you want when you get your salary or when you get your payment, therefore it might be a little bit hard for you at first but in the end you will feel it is a piece of cake and you can just save any money with having a strong will and a brave dedication. Do not buy anything that you feel like buying especially clothing or food or even going outside with friends to hang out, just limit yourself for a couple of months and try to do something with the money that will get you outside of the 9 to 5 job. You can actually do it.

Should you save your money in your bank account or in crypto currency wallets?

saving your money in your bank account is normal and mostly everyone do it but did you ever consider saving in a crypto currency wallet? That will be a lot more interesting and a lot easier to swap or transfer the money or buy things online or even transfer or swap the money in local shops that take bit coin or any crypto currency, and gives you real cash in exchange. Crypto currency wallets do not have a tracking option like the bank accounts, by the government or other parties let's say, and are a lot more easier to handle and are getting more and more famous especially in countries like el Salvador where they built and opened a crypto currency city where you can only pay by crypto and receive crypto back. Crypto currencies are the way to go and are getting more popular nowadays, and you can actually trade crypto currencies by using specific applications or programs which is also a bonus that you might be able to increase your money by trading crypto, not to mention that bit coin is way better than gold and investing in this coin is one way to try getting rich.

Saving money to buy stocks or investments

Getting into buying stocks and investing is risky but at the same time can be profitable if you know what you're doing of course. Investing in stocks and selling at the right time while buying at a low price can actually get you a lot of money or even become your main job. But again if you want to start investing you have to save money to buy the stocks therefor you need to start saving your money from your current job to proceed.

Saving money to invest in crypto currencies

Investing in crypto currencies especially in bit coin can be a lot challenging and profitable in the long run but investing in other crypto currencies and not in Bit coin can also be risky but if you know what you're doing and you have some trust in that coin then maybe you can have a long-term or short-term investment, and to start you also need to save some money from your current job. There are a lot of great coins out there and some of them are Bitcoin, Solana, Shiba Inu, Etherum, Uniswap and others. Find the best coin that you feel comfortable in buying and of course do your research and use websites such as Coin market cap to keep track of the prices and updates.

The rich also lose their money

Have you ever wondered how can a millionaire become poor again or simply poor for the first time? well it's very simple, if someone gets rich and he starts buying whatever he wants and whatever he can afford without saving some money then he will end up getting bankrupt or having no money at all whatsoever and even maybe go in debt.

I want to end the article by saying that saving money is important and buying something like investing in stocks or crypto currency or opening your own business or doing any other sort of online businesses by saving money first and then spending it on your job or work is the way to go and to be financially free rather than working everyday and spending your money on whatever you want and keep working every single day while getting older in age.

Thanks for reading and I hope you enjoyed the article.

Pictures used in this article are copyright free and are from the website of unsplash which provides free pictures.

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2 years ago
Topics: Money, Saving, Crypto, Currencies, English, ...

Comments

Where I live it is really difficult to save money in the bank, since the currency devaluates daily and when trying to "save" what it does is devalue, so it is really difficult. I have time trying to save money, I used to do it in physical dollars, but then that started to devalue too, so now I do it in bch, which doesn't devalue so much in my country, it's really better. As for expenses, only the necessary, food, the junk food that I like so much I have left it behind completely, as well as going out, I usually went out with my couple to eat, so now if we want to do something special we make a meal between the two of us. In this way we have tried to save money as much as we can because it is really difficult.

Oh, if the rich lose their money it is a totally human act, actually I have a student whose father has a lot of money, but because of the crisis that the country is going through he has lost large sums of money, so now he thinks very well about things before he buys something. They have sold several of their things that they do not use but are in good condition, in order to continue having money.

$ 0.00
2 years ago

Always save your money and try to open a business with the rest of the savings like a small home business can work.

Saving is important also for medications if we need any medicine.

$ 0.00
2 years ago

We all should save money and keep track of our outcome to be more aware of how much we are spending to stay safer and not get in debt.

$ 0.01
2 years ago

indeed going in debt is bad thing and if people start getting on debt they can't fix their self they get habits which is bad for them. so everyone must start saving in case it can be needed.

$ 0.00
2 years ago

The importance of saving money is simple: It allows you to enjoy greater security in your life. If you have cash set aside for emergencies, you have a fallback should something unexpected happen. And, if you have savings set aside for discretionary expenses, you may be able to take risks or try new things.

$ 0.01
2 years ago

well said that's true thing if we get an emergencies in that case we can use our savings and we can solve our problems by that without worrying about things that happens suddenly.

$ 0.00
2 years ago

Saving money from our job is really important my friend and that's what I've did. I save a little by a little because someday I want to build a small business in my own that's why it's really important we should know how to budget our money and avoid buying things that are not essentials as what you said my friend.

$ 0.01
2 years ago

that's a good thing we must always save from our pockets because one day we can have enough to do something useful for our life.

$ 0.00
2 years ago

Yes my friend that's true in case of emergency also my friend.

$ 0.00
2 years ago