How far do you go to save money

Most people cannot EVEN THINK of another avenue to earn money other than their job... (although it is illegal in Qatar) there are many who do...

some work part time... some provide services... some start small part time business, some pool money to start a shop, some pool money to start a restaurant etc...

It is very difficult for one to jump from working class rank to a business class rank... the Business class will not allow anybody to enter their arena so easily... for them you are a rival , they will only be glad to see one exit...

True...FS...

the layman who are Working class people are bound by salary thinks "saving" from their earning.

the Business/Industrialist class people are bound only by imagination, they commit their whole life in earning more and in bigger and broader ways than they presently earn. If they have a successful business the enter new business avenue and try to make profit there. They exist 1 in 10,000. They are the Big Fish.

Formatted Soul you must spend more to motivate yourself to earn more

blistering...when people start earning more...they start spening more too...

One can always earn more than one can ever save...

Small fish try to save more...

Big fish try to earn more...

but many will never understand this

Warren Buffet is my role model

http://www.google.co.in/imgres?imgurl=

Follow him soon you will realise what's savings are all about.....

I don't waste but I do not even try to be frugal. Once a bit of income is saved away for my old age, anything left after expenses is donated to charities as I consider it "what I can spare". It's a practice which has been passed down through the generations in my family and which I am trying to pass down to the next generation in my family.

The idea is he proved to himself he was adept enough to pull it off

Use your money wisely (neither to be a miser nor to be a wastrel).

I put my money in a shoe box and promise to use it only in tough times.

PF, strange but how does stealing a paperweight give that person validation?

I think you'll find that its more a kind of self validation they seek from having saved that riyal here or there.Doesn't seem to make sense to the average person.Remember hearing this story not sure if its true or not of an executive stealing someone's paperweight.I think its a similar phenomena it isn't about the paperweight its about the self validation it gives him.

please check here.........

http://www.qatarliving.com/node/5288851

there are several ways to save....

I know a millionaire, who used to get the thrown away furniture for home and stay in a worst maintained portion of a shared villa.

I wash my clothes by hand too ... no washing machine anyway. I used to get a lot of hand-me-downs from Mum's friends and other relatives. I wear the same outfits every week, my colleagues think I only have 5 outfits which I wash and wear ... and they are more or less right.

Not very frugal on food though ... hence my lifestyle issues currently affecting my health... time to cut down on those asap ... while trying to reverse my lifetime of bad habits, I guess, I'll be loaded by the time I kick the bucket. :0)

CL you like it when i play hard to get...and when you get it..its hard to swallow is it not? It leaves you satisfied and coming back for more :P

i personally have this self inflicted scene of not being able to save even though i'd love to..and if i wasn't a smoker and car guy, i'd actually have some hope..have cut down a lot on the smoking but that's more to preserve my health than save..and yeah if that lady Vickie is feeding her kids road kill, well is she clothing them in road kill fur too?..that's the heights:-)

Saving is always good but investment for future is always better to fetch great results.

Yes Rizk, I filled my car with silver and Premium fuel ;D

FS... lets go to wakrah beach and find that key.. hehehe (Big grin wiht showing my brown teeth) :P

Smoke.. all you had to do was ask rather than fantasizing about me all the time :P

Oh, i always wondered what your ID meant...always incomplete...captain_lost_his_marbles or captain_lost_his_gf_to_smoke etc etc...now we know captain_lost_his_key :P

CL..I found one key in Wakrah beach....maybe thats the one you are looking for... can I know the location please...:)

i have saved my money in a strong wooden chest and buried that in an island... LOST the key already .. :(

As Warren Buffet says… Spent only what’s left after saving and not save what’s left after spending!

For the first time after many years I wrote monthly expenses (excluding rent and utility bills) for last month...and the figure was shocking for a family of three plus maid...never realized that we spent that much...It was much more than what I normally advice newcomers about monthly expense..:(

Except for car, food, clothes, personal hygiene, personal care, drinks, ciggies & at times a bit of charity...I generally don't spend unnecessarily...:)

i think we are talking "extreme" saving here.

Take the example of Mother-of-five Vickie;for meal time she scours the local area for road kill :O(

I do global shopping.. As FathimaH said, Buy clothes from Sri lanka, Shoes from Bangkok, Cosmetics from London, and Electronics from USA. Though hard to believe. Saves plenty.

Super is still luxurios...i usually fill with Premium petrol.

Savings are generally based on ONES attitude towards the living life style. One could not save from cutting the basics of life like hygiene, food, etc.

The recent recessionary trend and unsure global economy played a bigger role in the mind of people to protect the future by saving more, without realising that economy would be in more trouble if we save more money during such period.

Personally, I dont spend on luxuries and opt for reasonable cost options such as prefer to fill up Super than Gold petrol for my car.

OMG how disgusting. Makes me wonder how much money i would have saved by now :P

I'm just thinking about all the expenses i can cut out to save money here lets see now:

Ciggies: Qr. 9 x 30 days = 270

Pool: about 500 to 700 a month approx

petrol: in a week about 100 bucks so thats 400 a month

eating out about 300 to 600 depending

thats almost 2 grand right there...not to mention other little little stuff. sheesh!

I gotta say this out about the actions of Vickie and Greg YUUUUUUUUK!!!

Ok...now where were we...yes...I too do take steps at frugality, ex: keeping the ACs switched off for a few hours of the day even in summer(though I do this when I am alone at home cos it really makes my hubby mad), avoiding going to Mega Mart more than once a week, stocking up on good offers that save both time and money, washing certain clothes by hand whenever possible, doing the laundry during off peak hours,etc. I also avoid buying clothes in Qatar and instead get my friends or relatives to buy stuff for me when they go to Sri Lanka cos not only are the clothes sold there cheaper and of better quality, but many known branded clothes are actually made in Sri Lanka though sold for much much more elsewhere. Frugality is good so long as it doesn't border more on stinginess and greed!

LP.. If you eat once a week... then you may need to shit only once a week I guess...

If you only shyte once a week it's okay, I think.

What are they saving money for?

Can people really save money from such trivial things??

Flushing toilet once a week....gross!!!

This is a serious topic..

Do you take bus instead of Karwa ?

I know one person who refuses to use a water heater to save money.

Every year i buy one lungi and wash by hand once in a month with a drop of water...i mean, my tears !

in this way i save my Kahramaa bill as well as electricity bill...:)

I freeze my money :P