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General discussion (archive)Financial Advice - Capitalism Giveaway(29 posts)solved(29 posts)solved
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This is my favourite topic
Posted June 23, 2014
high rated
I have a copy of Capitalism Plus on GOG to give away; it's a really fun game I enjoyed when it released so many years ago and ask that anyone participating see sufficient value to the game enough to play it soon.

To enter, please give me some wise financial advice for saving money - something sage-like and not common sense. What's the biggest trick to amassing capital? I ask because I'm considering moving into a more expensive house and stressed because enough though I can afford it, penny pinching is fun and practical. How do you save money?

I intended to "hoard" the Capitalism Plus code for a giveaway down the line, but because financial advice interests me today I'm throwing it out there. If you're not interested in the game, I'd still be curious on any money saving opinions. Should I start clipping coupons? I'll chose a participant at my whim (not necessarily random, but maybe).
This question / problem has been solved by tburgerimage
Posted June 23, 2014
I'm in, but what do you intend to save money?

Something relative to financial capital, or simply spare some dollars each month?
Posted June 23, 2014
I heard that being a cheapskate helps. So use tons of coupons, buy only in sales, use economic light bulbs or no electricity at all, bath in the nearby river, grab others stuff, so you don't have to buy it yourself and you get yourself set for success.
Post edited June 23, 2014 by wolfsrain
Posted June 23, 2014
Mainly just looking for a way to save a few more bucks on a monthly basis... although if someone has grand investment advice I'd be curious - fire away with any ideas on saving/maintaining/gaining money ("penny saved is a penny gained").

I've been curious about even small scale economics so would be interested to see what people come up with. In a way I'm buying people video games to help me avoid the "poor house," haha...
Posted June 23, 2014
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undeadcow: Mainly just looking for a way to save a few more bucks on a monthly basis... although if someone has grand investment advice I'd be curious - fire away with any ideas on saving/maintaining/gaining money ("penny saved is a penny gained").

I've been curious about even small scale economics so would be interested to see what people come up with. In a way I'm buying people video games to help me avoid the "poor house," haha...
Solar panels, it might be expensive at first but in the end as long as you also plan on living in your house for years to come it can all come back. That and recycling your teabags.
Post edited June 23, 2014 by lugum
Posted June 23, 2014
I find that becoming a gigolo will help you gain capitol in quick succession.
Posted June 23, 2014
Women, booze and GOG games - the rest you can save or waste as you please ;)

(also have the game, so not in)
Post edited June 23, 2014 by iippo
Posted June 23, 2014
Not in, but my advice is: spend less than you earn. Save money for dark times... And don't put your eggs in the same basket (diversify).
Posted June 23, 2014
Maintain yourself in current month for the income from previous one.
Track your expenses: simple xls with 5-6 categories should give you overview where does your money go.
Before you spend money on sth - make sure you used up all supplies already stashed at home.
If you want to buy some luxries (or just throw some cash on entertainment) - wait until there will be just few days before your next salary.
Keep ALL your money on 1 account and pay ALL expenses using it (keep a second account with small amount of $ - as a contingency acc). Give up all other accounts & CC cards. There are no 'private' money - it's all haushold $. Your partner should know about your expenses and vice versa.

And if we talk about long-term & bigger amounts - don't keep money in money. Assets are always better than cash - especially nowadays.

EDIT: Momo1991 came with cool ideas. I agree that using your cash to buy in bulk things you would buy anyway - is a great way of saving money. You can easily get 10% off - and it's much more than you can get from your bank (for instance when I buy 1 year valid ticket for public transport I get 14% off while bank investment are say 4%). Just keep in mind that abusing this menthod may result in consumption growth or buying things you don't really need.
I saved ca $100 /year by giving up phone subscription plans and switching to pre-paid model.
Post edited June 23, 2014 by tburger
Posted June 23, 2014
Not in, but here's my entry, doh ho hoh.
Posted June 23, 2014
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undeadcow: Mainly just looking for a way to save a few more bucks on a monthly basis... although if someone has grand investment advice I'd be curious - fire away with any ideas on saving/maintaining/gaining money ("penny saved is a penny gained").

I've been curious about even small scale economics so would be interested to see what people come up with. In a way I'm buying people video games to help me avoid the "poor house," haha...
If you have some money, you should do:

-put solar panels on your roof, so you'll cut out bills for energy.
- If your home is builded upon some water source, consider to create a well. Put a pomp on it, so you can cut ot water bills too, and if the water is drinkable you can, of course, drink it and using it to cook
-eco save bulb, they cost much but they suck less energy
-if you use/own a car, a gas car should be an option, because gas costs less then gasoline. If you use it only for going work or shopping, it's the best option.
Posted June 23, 2014
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Titanium: Not in, but here's my entry, doh ho hoh.
I've received a few mothers for free already. :P
Posted June 23, 2014
Not in but my advice is this;

Create a budget: Write down everything you spend money on including mortgage, insurance, utilities, phone, car payments and maintenance, food, clothing, entertainment etc... make sure you add in putting some money into a saving account. Once you've done that, look for places where you can reduce your spending. Shop for a cheaper phone plan, car insurance, food stores etc. For example, I buy staples such as coffee when it goes on sale and I buy a lot of it. It's a bigger outlay of cash initially but it saves me a lot of money cumulatively. I also track how much I really spend on entertainment and try to make sure I'm staying within my budget. When times are tough, I reduce those extras to meet my real bottom line. So a budget really makes me aware of money rather than just kind of guessing. And lastly, I always make sure a little bit goes into savings - it really adds up over time and then if the car needs a major repair, I don't have to pay for it on credit.

About credit, paying off your credit cards each month will save you a huge amount in interest charges - don't carry debt if you can help it. The only proviso to this is a mortgage - it's tax deductible. Make a plan to pay off your house before retirement age though... One extra monthly payment per year can cut your mortgage payments by 1/2 to 1/3...
Posted June 23, 2014
My advice is to take advantage of sales for that which you need but be sure to comparison shop. While some sales look very good, some things seem to always be on sale. Besides, putting in a little legwork for your purchases helps ensure its really something you want. Impulse buys are the devil. In.
Posted June 23, 2014
NOT IN +1

Turnover is vanity, Profit is sanity, some sage advice I was given as a trainee manager.
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General discussion (archive)Financial Advice - Capitalism Giveaway(29 posts)solved(29 posts)solved
(29 posts)solved