What are the most useful money investment and saving tricks?

[You]

I'm looking for actionable tips and tricks to grow my wealth, such as diversification techniques, high-yield savings accounts, or tax-advantaged investments. Share your expertise to help me make the most of my money and secure my financial future.

 

[cherry123]

Go for saving rate that you can follow through. Have your own saving structure and make it happen

 

[Sawe]

Automate your savings in order to boost your saving discipline. Set up your bank account such that your savings are deducted as soon as your salary is deposited.

 

[nomad]

I have a simple strategy, buy IPO. When you buy IPO, you will be able to buy a lot of shares for a smaller amount.

 

[Ratine]

I think that the fixed deposit account is good to earning you the interests hustle free.

 

[Stardom22]

For me l am always embracing on the look out for the side hustle ventures that could add up my income

 

[Rubz]

The most useful saving trick i know is limit the amount of cash you can around. This can help limit impulse buying.

 

[freelancermaria]

I typically follow the "save first" principle. However, the monthly money I set aside differs because my online job is somewhat unstable.

 

[Hate2Wait]

I am still very new in investment and still learning and have invested a small amount only but I do like to learn quickly and earn more

 

[eldavis]

Tricks that works for the next person might not necessarily work for you. I just try my best to manage whatever I have.

 

[Springtime]

I put a portion of my earnings into a fixed deposit account every month. I have been doing this for quite some time. Due to compounding effect, the balance in my account has increased quite a lot. As for investment, I like to buy dividend paying stocks. Dividends are a great source of passive income.

 

[Hate2Wait]

It's commonly used and is not risky so most do prefer to go for bank deposits like FDR or RDR and both are good and attractive

 

[Ratine]

The most common tactics on the money saving tricks are the most useful strategies to saving

 

[Hate2Wait]

I am planning to invest more but for that I need to learn and I don't wanna invest just for the sake of it

 

[Kosi G]

The most important money investment trick is to diversify your investments into at least three places to minimize risks.

 

[Stardom22]

The best method for making a very consistently savings is when you have a steady supply of money for sure

 

[Passiveearner]

Supply if money is important. However, having adequate level of knowledge is also one of the most crucial things. For example, if you are planning to start a business, then you must have knowledge about market a d the demand of the product.

The best method for making a very consistently savings is when you have a steady supply of money for sure

 

[Hate2Wait]

While investing we also need to look at the risk and cannot just ignore risk even though the returns are said to be high