What do you think a good way to save money?

By Amal
@amalha (161)
March 19, 2023 5:05am CST
what ideas you have to save money ? someone said if you save 40% from your salary then you can save money and get rich by time, what about those who have low salaries how they can save 40% of their money and if they save it will be small amount? what do you think?
6 people like this
6 responses
@JimBo452020 (44726)
• Montrose, Scotland
19 Mar
Save what you can. Everyone is different. Not everyone can save at the same rate. Spending less helps
3 people like this
@JimBo452020 (44726)
• Montrose, Scotland
20 Mar
@amalha Obviously We still need to spend money but we can all stop buying some of the things we don't need to help us save
@amalha (161)
20 Mar
to spend less can help but there are things that a person can't skip.
1 person likes this
@VivaLaDani13 (60007)
• Perth, Australia
19 Mar
@amalha Making your own personal budget can help. If you write down the amount you earn then the money you spend on bills, fuel, groceries, pets, family etc, anything that you have to spend money on, write down the amounts, and then figure out what you have left. Keep some aside for entertainment or emergencies. And then use the money left over as the money you now save. It's also worth it to see where you can sacrifice spending money on and learning about different ways to save money on things. It's really up to you where you see this all fit in your own budget/s.
2 people like this
@amalha (161)
20 Mar
making a budget also is good idea but if the salary is low I think a person should sacrifice or delay things which is not that necessary to next month, it also depend on the amount of the salary because sometime salary is equal to basic needs.
1 person likes this
• Perth, Australia
20 Mar
@amalha That is true. It's a tough one to answer as people's income varies and have to take into account what they need their money for. But there are so many ways to save money. Once you learn what's best for you, then it can start to work out for you.
1 person likes this
@cttolledo (5422)
• Philippines
19 Mar
Its really hard to save if you’re salary is just enough for basic needs. So, I think that 40% is not applicable to everyone. For me , to save, we have to look for another source of income.
1 person likes this
@amalha (161)
20 Mar
yes 40% from the salary it depend on the salary of each person , because if he salary is low and a person want to close bills and buy basic needs then to find other source of income is good idea too but it is not easy to find it depend on the place and the available opportunities.
@LadyDuck (429669)
• Switzerland
19 Mar
If a salary barely covers the costs, there is no possibility to save money.
@Adie04 (17497)
20 Mar
There are various ways that can be done. One is save little by little and don't buy anything that you can prepare yourself at home.
1 person likes this
@amalha (161)
20 Mar
good idea can you give me examples of what to prepare at home ?
1 person likes this
@Adie04 (17497)
21 Mar
@amalha I'm not sure as well because I don't know what people has at home.
19 Mar
I think that we are all different and we should save what we can. We should not compete.