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Save small money with a fixed nominal every day.

Postby astutimeliana723 » 21 Mar 2023, 07:55

Some people in my country like to save regularly with a nominal amount, for example 10,000 rupiah a day. A month he earns about 300,000 rupiah. A year he can earn about 3,600,000 rupiah. 3,600,000 rupiah equals approximately $234.16. When some people only spend 10,000 for snacks, even though it can be collected which can later be used to buy gold for investment. What do you think?
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Re: Save small money with a fixed nominal every day.

Postby augusta » 21 Mar 2023, 09:56

Yes it is s good way to save it will help one to have hulk money at the end of the month or year.
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Re: Save small money with a fixed nominal every day.

Postby Vehlijanta » 21 Mar 2023, 14:56

Your country also has Rupiah. In India we have Rupee. I also like to save money every day.
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Re: Save small money with a fixed nominal every day.

Postby Treborika » 21 Mar 2023, 15:59

When you save some little money regularly the money builds up and with time it becomes a very huge amount for sure. Most low and the middle income earners save money in this way.
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Re: Save small money with a fixed nominal every day.

Postby nela13 » 21 Mar 2023, 18:01

One can choose what works for them, save the amount every month or save daily, for some people it is easier to save small amounts every day while others prefer to put the money aside as soon as they receive it. Personally, I prefer to put it all at once.
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Re: Save small money with a fixed nominal every day.

Postby astutimeliana723 » 22 Mar 2023, 03:19

nela13 wrote:One can choose what works for them, save the amount every month or save daily, for some people it is easier to save small amounts every day while others prefer to put the money aside as soon as they receive it. Personally, I prefer to put it all at once.


I myself like to save everything I get at once, and take only a little as needed. I always set a maximum daily spending limit to save money. Except for expenses for certain unexpected things.
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Re: Save small money with a fixed nominal every day.

Postby Nsikan » 27 Nov 2023, 05:05

We call this daily contribution. People do it here. They save money that you would consider very insignificant everyday. But at the end of three months, it has added up and is up to an amount that can be used to do something tangible. Some people have paid rents with daily contribution.
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Re: Save small money with a fixed nominal every day.

Postby Kalayla » 27 Nov 2023, 06:50

If someone can follow this daily savings religiously for a whole year. Even if it's 50 cents everyday, one can do some minor projects with it after one year.
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Re: Save small money with a fixed nominal every day.

Postby arunima » 27 Nov 2023, 06:55

It's rightly said that every single penny counts. Over the period of time, this small savings can become really a decent amount and can be used for a small project or even a decent investment if we extend the savings period.
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Re: Save small money with a fixed nominal every day.

Postby King Belieal » 27 Nov 2023, 07:42

It is with this approach that one would bettered understand the power of compounding. The power of consistency in saving money combining with the power of time. I do this often b
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Re: Save small money with a fixed nominal every day.

Postby augusta » 27 Nov 2023, 08:53

You are right, this is one way to save money. You just have to save money if you want to have money as you wished.
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Re: Save small money with a fixed nominal every day.

Postby Nsikan » 28 Nov 2023, 00:54

It is easier to save very little money daily than to pursue savings of bogus money every month. It is slightly straining to remove a huge amount for savings.
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Re: Save small money with a fixed nominal every day.

Postby Xynehappy » 28 Nov 2023, 02:56

Saving can be such a very difficult thing when one does not have an income plan.
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Re: Save small money with a fixed nominal every day.

Postby King Belieal » 28 Nov 2023, 04:32

arunima wrote:It's rightly said that every single penny counts. Over the period of time, this small savings can become really a decent amount and can be used for a small project or even a decent investment if we extend the savings period.
The problem is that so many people discount tye power of a penny. They expect big money to come before they think of starting to save.
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Re: Save small money with a fixed nominal every day.

Postby SHAHID987 » 28 Nov 2023, 04:46

This is good idea, like after breakfast I go to market there I see sandwiches and tempted to take that. But instead I ask its price and save that money. After doing same practice in a month I will be save a lot.
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Re: Save small money with a fixed nominal every day.

Postby Presh » 28 Nov 2023, 04:55

If you want to succeed with saving money daily, you would have to apply to an agency that would come and get the funds from you everyday so that you would be able to stay faithful to the commitment.
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Re: Save small money with a fixed nominal every day.

Postby Pistis » 28 Nov 2023, 06:56

I have seen someone raise capital to start q business from daily savings. That snacks money if saved and snacks avoided can do substantial for a person.
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Re: Save small money with a fixed nominal every day.

Postby Uty Theo » 28 Nov 2023, 07:59

People do this around me. They save from their business profits daily. It makes savings easy and enjoyable.
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Re: Save small money with a fixed nominal every day.

Postby JASPREET » 28 Nov 2023, 08:59

if we can promise ourselves to save an amount daily then it will be great for us and we can start with $1 too
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Re: Save small money with a fixed nominal every day.

Postby Tinni » 28 Nov 2023, 09:06

JASPREET wrote:if we can promise ourselves to save an amount daily then it will be great for us and we can start with $1 too
It is not about promising yourself. It would just end up as a wish. You have to understand the immense financial benefits such a move can do for you. And decide that you want to have that benefit.
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