Saving Money To Increase Your Investment Portfolio

By | November 27, 2021
Money and Bitcoin

Saving money is Important

Investing can be fun and very lucrative, however at times it is hard to find ways to make more money to invest, sure you can liquidate some assets to come up with some capital but how about saving money to invest? Today I am going to share with you several ways to save money so you can buy more stocks, crypto or whatever asset you want to invest in.

Do you want to learn how to save money? Well then you have come to the right place! Here I share my personal tips so you can learn to save money!

How to save money on your cell phone

We all know that having a smartphone can be very expensive. There are several things you can do to lower your monthly payment. One of them is having multiple cell phones and having a family plan. This is good as most phone companies lower the cost of the phone if you have an account with multiple lines. Another of my favorite tips to save money on your cell phone is using a prepaid phone.

Depending on your country, you will have different cell phone companies. For me, in the United States one of the most popular companies is Verizon, you can get a solid prepaid phone for just a few hundred dollars. They offer different plans, but if you don’t talk much on the phone it is a very good option.

Also if you have a phone with WIFI and Android you can use your cell phone using Apps and without having to use your minutes. By this method, currently I only pay $ 45 dollars per month and this is with 2GB of Internet per month.

Are Coupons Good For Saving Money?

In my personal opinion and based on my experience, coupons can help you save money but as long as you use coupons on essential items. The coupons for purchases of food, household cleaning supplies, school supplies etc. are very good. Now, if you are going to waste money and you are going to buy a gold chain and you are going to use a coupon maybe you are saving some money, but at the end of the day the best thing to do is not to make a purchase if you don’t really need it.

How To Save Money On Printer Ink And Toner

We all know how expensive printer ink and toner can be. The reality is that most of us have a printer in the office or at home to print important documents. There are many things you can do to save money on printer cartridges, for example the most common is not to print so much, lower the print quality and of course use .pdf or Word documents and send those documents by email. But if you have to buy ink for your printer, I recommend that you buy these items online.

These are just some ideas that will help you save money, there are many ways that you can increase your income like getting a second job, building a business or flipping items however saving money is another way to come up with extra funds so you can buy more stocks or cryptocurrency.

If you have ideas on how to save money feel free to share them with us. At the end of the day, it all depends on your goals and what you would like to achieve, in general I do not spend money on things that I do not need, I live a very frugal life style and most of my money is invested in the markets, I always have an emergency fund and I keep cash on the side, but I much rather invest in the company instead of being a consumer, there are many ways that you can save money but in general, spending only on things that you truly need vs want is the way to go, once you have enough invested, have an emergency fund and once you generate extra cash flow then you can use some of your extra money to buy things that you want.

How do you save money and how do you invest your extra money, do you buy Stocks, Bitcoin, Real Estate?