Investment, Smart Ways to Save Money

@bintang9 (196)
Indonesia
April 22, 2013 12:30am CST
Rich based of saving diligently. Who does not know the slogan? A sentence is not strange anymore since we were in Elementary School to this day. But still the slogan relevant today? We should recognize for income set aside in post and kept as savings is a struggle for most of us at this time because of the need that is never exhausted. However, it should be realized that we live not only for the present, there is still a future awaits. We have responsibility to the children, families with cost increase year to year. The price increase, education fee, lifestyle and other costs caused " Rish based saving diligently" no longer completely irrelevant if not tricked by the wise. Therefore in addition to saving diligently we also must be smart in maaging income we receive. The following ways could be noticed: 1. Have objectives and target Objectives and target will be a motivation for us to discipline of saving. For example for the young family who just had a child, they hope that the son/daughter get a good education in the future will be the main motivation for the discipline of saving costs in order to accumulate sufficient cost. 2. Set aside income It is undeniable that there are many among us who adopt the principle of "the rest" as opposed to " set aside" . The point is that most of us tend to spend earning received in advance and the remainder is stored as savings. It would be wise if we set aside first before we spend the majority of income. There is no fixed rule how much of the income to be set aside. 3. Start investing To get around that value of money we saved eroded by inflation, we'd better start looking for investment that could provide higher yields than conventional instruments such as saving and deposits. One of the investment instrument is quite popular lately is Mutual Fund (reksadana). In the last 10 years Reksadana gave yields between 18-20 percent per year. While interest on saving or deposit in general only the range of 5-8 percent. Are you ready to manage your finances smarter?
3 people like this
9 responses
@Pegasus72 (1901)
27 Apr 13
We need to start investing and saving money for the future.
1 person likes this
@ajithlal (14569)
• India
27 Apr 13
I also think that it is good to invest and save money for the future.
@Pegasus72 (1901)
27 Apr 13
We are 40 and have a late start.
@bintang9 (196)
• Indonesia
28 Apr 13
better late than never. Maybe when it is not benefit for you, at least it will be benefit for your children, grandchildren.
• Indonesia
24 Apr 13
You are absolutely correct. Nowadays, even have a saving is not enough anymore. Since the price of things and all the necessary stuff for our life come to increased rapidly because of the inflation. Not to mention in this time of economic crisis. We must consider to have some other of investments to be able to manage our finance better. Though we must careful for any investments we make, since there are many chances that the investments can turned scam.
1 person likes this
@bintang9 (196)
• Indonesia
25 Apr 13
Thank you for your response. It really benefit to us. It's right that we have to be careful in investing our finance, since there are so many scam investment, that can cause lost our money easily
1 person likes this
22 Apr 13
I don't know how to invest to get more income. My salary is low and so is my saving. But what is bother me most now is job hunting, I don't know what to do sometimes coz I don' have any skills. Then study English every night become one of my project everynight. Like I said, I have no much money, so I chose study by meself, is it another investment too?
1 person likes this
@bintang9 (196)
• Indonesia
25 Apr 13
Many things we can do related to investment, including studying. Studying is a kind of weapon to conquer the future. With our knowledge we can increase the quality of life, including the welfare. E.g you study English very serious and you have a good command in English, at least you can work with your capability in English by making English course
1 person likes this
• Malaysia
22 Apr 13
so i did set aside bit of money for investment purpose and my objective is to buy quality share, this mean it will growth more in the future. and how i know? i check with they web, news, growth plan, past performance, sales figure, they comminment and they vision mission for the fund....... that is important. I am targetting they performance 26% this year and more in the future. I plan to buy, hold for as long I am live as I need to ensure they pay dividend and ever increase in capital too. I want my money work as fast of world record running Bolt did.
1 person likes this
@bintang9 (196)
• Indonesia
25 Apr 13
Thank you for your response....it's a good thing
@srisahara (4147)
• Indonesia
22 Apr 13
Yes, it is right that take investment is smart way to save money, but it contain risk than you save your money in bank account. Yes, in economy there is law high risk means high return. Through investment you will get more return if you lucky, but if you unlucky you will get more risk. I think it is based of the characteristic of performer.
1 person likes this
• Malaysia
22 Apr 13
high risk come when you have not idea what you are doing srisahara. that why you need to have internet so you can go to the company website to understand who board of director, sales did they growth, what they cash flow, liability, asset, growth plan, past sales, past dividend, what you need is the most world powerful thing is knowledge................without it you lost lot of money before you earn them back in the word double, triple, or more.
1 person likes this
• Philippines
22 Apr 13
Agree, many things are to be considered when it comes to financial aspect, you must take consider of the incoming future, about your self and you family, we think ways how to gain and spend money wisely, specially this days that all commodities is increasing its cost. And we take consider more investing than spending.
1 person likes this
• Malaysia
22 Apr 13
spending is sorry for me, investing is welcome by me but i don't talk about this topic with my friend or college as this may sound strange for them
1 person likes this
@ARIES1973 (9539)
• Legaspi, Philippines
27 Apr 13
This is a very informative post. Yes I've heard about mutual fund but yet to try this one. I have investment in our cooperative and so far doing good on this one. Have a wonderful day!
1 person likes this
@ajithlal (14569)
• India
27 Apr 13
I think it is always good to save money wisely and to save money for the future. I think investing money wisely needs lots of intelligence. I have some debts and I am trying hard to finish these debts and finishing these debts I will try to invest the money so that I can have money in the future. I think it is good to save money in the banks.
• Sri Lanka
22 Apr 13
nice discussion i'll add some detail about my expireance The variety conditions and figure between regions, countries, industry , companies and the public and private sectors have presumably never been as pronounced in living memory. lobally, interest rates are generally at Grecord lows but public sector borrowing is at record highs...and growing.In contradiction, company favourable and cash flows are at record commanding but share prices have yet to recover to 2010 levels. At the same time, social, financial and government directrix changes are pushing even more reterntiveness on to the individual, and more in the matter of, the risk of looking after their post-work wealth and incomes. There is more uncertainty than ever and the reterntiveness increasingly sits with you. So, what can you do to make 2013 more likely to be lucky for you?