Isn't the best way to save, is not to spend money?
- Anonymous8 months agoFavourite answer
Well, what you do with the money you save is also important.
But yes, lack of self-discipline when it comes to spending is a big issue for lots of people. When I'm about to buy something I don't need, I find it helpful to ask myself if I'd like to be rich (save/invest) or make someone else rich (spend).
- JohnLv 76 months ago
You're catching on.................
- 8 months ago
The more we desire for that which is superfluous, the more we meet with difficulties.
Our strength and possessions are spent in unnecessary things,
And we are left wanting for that which is necessary.
- Brahma Kumaris
- WhoLv 78 months ago
the best way to save is for your outgoings not to be more than your income
- What do you think of the answers? You can sign in to give your opinion on the answer.
- curtisports2Lv 78 months ago
It's impossible, as an independent adult, to not spend money. The best way to save is to not spend money on things you don't need, and on the things you do need, spend wisely. And ideally, have savings taken directly from your pay so you don't see that money.
- R PLv 78 months ago
Yes, you are correct. The best way to save money to not spend it.
Stores or online sellers want you to think you are saving money when they offer their sales, but it's a marketing gimmick.
- JudyLv 78 months ago
Sure, but that's not always that easy for people with bills and hungry kids.
- AmyLv 78 months ago
Two things are necessary in order to save money:
(1) have money
(2) don't spend it
The earning is just as important as the frugality.
There are some things that you SHOULD spend money on, as long as it isn't too much money, because they will save you more in the long run. For instance, healthy food often costs more than junk food, but you'll avoid medical bills AND be able to work more if you're healthy.
- David B.Lv 78 months ago
That's an oversimplification, but basically yes. But first, you have to make money.
- StanLv 68 months ago
All profit comes from the inequity of an exchange.
You "make" money when you sell something for more money than it cost to produce.
Except when it comes to labor. The laborer is forced to sell the energy their body produces at a loss. This is what drives capitalism. The underpaying of labor.