As a student. I can afford to invest upto 100-120 dollars in stocks with respect to my bank balance.
Also, I follow the 40, 40, 20 rule. 40 percent for stocks, 40 percent for mutual funds or fixed deposit and 20 percent for fixed diposit or cash respectively.
Since the stock market crash is just starting in India, I am thinking of investing again.
That is how I save up in this economy, which is quite unstable and hence, requires a bit of a research more in depth than regular to choose the stocks.
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I just but a lot less of the things I don't really need...
for example, before the pandemia I had two cars...
I sold them during the pandemia since I really didn't have much places to go anyway
and after the pandemia, I've been Ubering around town, makes it all much cheaper and simple
I just put it away, lol.
I keep utilities low during warm months, currently dont have a car (so no payments, insurance, gas), i have like 3 subscriptions (used to have like 9 and pay for others), I've deleted shuttle (it will take all your money), and I don't give money away anymore. I also only visit home once every 2 years.. not intentional, but it saves me a lot.
I posted on food before for those who follow me - I eat noodles and rice and oatmeal because they are usually always cheap and I use soy sauce and black vinegar to flavour my food and use garden vegetables cause its cheaper than the grocery store. I also eat pasta because its affordable.
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I have goat's and chickens for milk and eggs I have a garden and I try not to eat out look for deals before I go grocery shopping and make a list and stick to it also use receipt Hog which helps a little. Fix most things myself and any tools I get I tend to buy used from someone else I use a debit card that I earn 1 percent cash back on when I use it which is more than one would think.
Spend less on buying useless shit. Concentrate on paying bills and debts as those will be growing problems.
Never save money, just make more
My collectable silver is currently taking up inventory in an auctioneers safeGo out as little as possible because then i'd spend less money
I don't spend any money. I just have it direct deposited to my bank account.
I trade different currencies or stocks
My money is constantly moving around the world to avoid taxes. I donate to none profits for the tax reduction.
When I lost my job in COVID I made a deal with these guys that they’d let me live here for free if I did all the housework, cooking and stuff. I’m like the housewife for five guys but now that I have a job I can save some money again.
Living within my means. I don't buy designer stuff when a thrift store will do. I support local businesses not franchise corporate businesses.
I work too much, but it pays more. We eat out less, some things I have decided not to buy. Buying bulk from Sam's or Costco helps. Stop going to Starbucks people... Keurig coffee much cheaper
Load my own ammo. Just like the left is causing the price of fuel to go up in order to punish truck owners it is also causing the price of ammunition to go up to punish gun owners.
Less eating out, making my own lunch for work, less trips with car
I turn off the AC in the section of the house I'm not in at a given time.
Switch off the heating and don't buy useless crap.
Same as in the good economy a couple years ago... spend less than I make.
Same things I do to save money in every economy. Because I'm a perpetual saver. Lately I've been investing heavily in beaten down energy stocks.
Grow your own Vegetables, Catch public transport,
Work a ton, don't buy useless items. Lately I've been splurging but I do work a lot.
Only buy what I need.
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