How Do You Save Money?

[nomad]

Saving is one of the highly recommended financial habits. Do you save money regularly? How do you save money?

When it comes to saving money, storing it in a bank account rather than a home safe is advisable. Money in your home is prone to theft or damage through fire and other things. However, if you keep money in banks you can earn interest on your savings. To further build your savings, you also need to compound your interest, in other words, you should avoid withdrawing interest you receive from the bank. Saving in high yield bank accounts and diversifying your accounts is also recommended.

 

[eldavis]

For me I have multiple bank accounts, I use some for savings, I create a savings plan for a specific period of time that would also generate a little interest while saving.

 

[olaniyi]

Our general modern day way of saving is but saving it in a bank account but another way is to save it way that will bring interested and you can also withdraw it anytime

 

[aovurevu]

Saving is one of the highly recommended financial habits. Do you save money regularly? How do you save money?

When it comes to saving money, storing it in a bank account rather than a home safe is advisable. Money in your home is prone to theft or damage through fire and other things. However, if you keep money in banks you can earn interest on your savings. To further build your savings, you also need to compound your interest, in other words, you should avoid withdrawing interest you receive from the bank. Saving in high yield bank accounts and diversifying your accounts is also recommended.

I save money regularly and I normally take a percentage out of my earnings to save and this has always helped in rainy days . Saving consistently helps improve financial life and also gives peace to the mind.

 

[SHAHID987]

I save money by sacrificing some of my necessities. As when I feel that I will enjoy by eating burger on the street just after my breakfast at home then I keep away myself from this and save that money.

 

[eldavis]

Our general modern day way of saving is but saving it in a bank account but another way is to save it way that will bring interested and you can also withdraw it anytime

These days most people now save in dollars or other foreign currency. Like over here people use stable coins to save their money. Once there is an increase in dollars they can sell their stable coins and get higher than what they started with.

 

[Stardom22]

The saving of money has become so difficult especially on the evident of the undergoing higher cost of living. However l normally save only ten percent of my online earning.

 

[nomad]

I save money by sacrificing some of my necessities. As when I feel that I will enjoy by eating burger on the street just after my breakfast at home then I keep away myself from this and save that money.

If you have just eaten breakfast at home and you want to eat burger because you saw it in street, it is not necessity, it is luxury. However, if you have not eaten at home and you want to eat burger, it is necessity.

 

[Starmix]

I have 3 saving accounts. One from my salary the other one from my business and the 3rd from my passive income and side hustles. I withdrew a portion for investing stocks and dividends.

 

[Springtime]

I put a certain portion of my monthly income into a fixed deposit account. I save money by trying to find good deals, eating at home and buy what I need, not what I want.

 

[nomad]

Having a fixed deposit saving is really good. In my country, fixed deposit saving is a popular saving method. But you need at least $500 to create a fixed deposit account in my home country.