My tips on saving fiat to stack more sats
- move in with other people
- get rid of your car, share your car, or combine trips to reduce gasoline usage
- reduce the size of your living space to save on things like heating
- if you have older dependents, stop paying for their stuff directly, just figure out how much money they need for everything over the year, add 20% to that, divide by 12 and transfer that every month
- cook every day, or cook ahead
- buy groceries in bulk
- drink tea, instead of coffee
- only drink coffee from beans you grind yourself
- go through your recurring payments and see how you can reduce or eliminate them
What's the tea vs coffee thing?
We love warm drinks, so that's a big budget item for us.
Coffee is very expensive in Germany and I can't brew it twice, like with a good tea.
Hmm. My tea is relatively expensive and my coffee cheap, but I drink both.
Different countries, I suppose. I also drink herbal or fruit tea, which is cheaper and sometimes homemade.
My spending is < 15% of my income, so I'm going to start going the other way.
But yes, these work great.
Also investing in white shirts and doing adventures instead of going shopping to eating out.
Yes! We do more hiking trips.
I've also got us down to low running-costs, which is why I'm reevaluating what to do with the remainder. Do you find that you feel a desire to spend the money differently, than before?
Making coffee at home is a huge saving. Especially with the increase in prices over the last couple of years. Visited family in nyc recently, two coffees and two pastries was 27 dollars at a “hip” spot in brooklyn. I have no idea how people do it.
Easy to say, hard to apply, even more with a family.
Move to smaller appartement, but every other appartment cost same or more already.
Get rid of car, you cannot see most family and friends, you cannot do most leasure activities. So yes big savings but for a sad a solitary life.
Insurance you cannot got lower than a minimum.
Taxes you have no choice.
The rest is 15-20% of total spending, so even by saving 50% of it, that's just 7-10% more saving.
Most people that pretend to save 30-60% of their income are in fact earning so much that they could afford working 50% or less.
Not if they're spending that difference on buying Bitcoin.
Smaller living spaces usually save so much on variable costs that it makes up for equal or slightly-higher fixed costs.
I didn't say it was easy. If it were easy, everyone would be doing it.
No. That would not.
Well, yeah. You're right.
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