Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Ask HN: What's your favorite way to save money?

news.ycombinator.com

Post reply on HN
Print view View original

161–170 of 195 posts

Re: Ask HN: What's your favorite way to save money?

#161

Post by tedmiston »

Phemist wrote: post #93
ap0 wrote: post #44

Earlier quoted context omitted.

What card are you using with universal 2% cash back?

I guess this only works for people with good credit rating, where the risk of defaulting is low? It seems to me this would be you getting back the 2% default fee on credit card transactions, that has been featured on HN before - https://news.ycombinator.com/item?id=11887469 .

That's pretty crazy, and I don't think it would fly here, though I never shop at Walmart.

Perhaps it's different in Canada but Visa and MasterCard are the most popular credit card brands in the US.

The only time I've seen something related in the US is at discount grocery store chain Aldi's (it has some commonalities with Walmart) which has a 0.5% surcharge to pay with a debit or credit card in the US and Australia. They had been doing this internationally for a while, in countries where they accept credit cards at least, and Europeans seem to be more accepting of it than Americans, but it only became consistent in the US over the past year or so.

Re: Ask HN: What's your favorite way to save money?

#163

Post by readme »

iofj wrote: post #140
readme wrote: post #39

Earlier quoted context omitted.

I'm sure your dad has a lot of money and all, but saving money works pretty well for most people.

Look at the interest rate. Now look at inflation (not "core" inflation, the one you pay). Saving, money in bank, is not a good investment atm. Or put differently, it's at best as good as gold bars under the bed.

So yes, you not only have to save the money. You need to invest it.

I was not going into explicit detail, but pontificating on the idea of saving as opposed to spending.

With that said, one of my banks offered me a 3.00% APY on a CD the other day. Still not really enough for me. I would prefer to throw the money in index funds and wait longer.

Re: Ask HN: What's your favorite way to save money?

#164

Post by loco5niner »

bluedino wrote: post #128

Since this turned into a personal finance thread, how about favorite ways to spend money? Starbucks. Every morning. Latte and a danish/cookie/muffin. $7.00 * 30 days = $210.00 Eat lunch out. Every day. And not with a coupon or fast food, but a sit-down restaurant. Sandwich, fries, soda, tip - $12.00. Every weekday, that's $240.00 Vending machine snacks, my job doesn't offer free snacks. $2.50 for a Mt. Dew/chips when…

Spur of the moment trip to Africa? Don't even bother packing, just bring your credit card!

Clothes won't fit after all those vending machine snacks? Throw them all away and upgrade to bigger ones!

Re: Ask HN: What's your favorite way to save money?

#165

Post by rufus42 »

sickbeard wrote: post #142
rufus42 wrote: post #119

This app changed literally my life. YNAB! https://www.youneedabudget.com It takes time to get used to, but after 6 years on and off, I am using it for the last 8 months regularly, and I already saved enough money for the next 4 months in advance. This, and in addition, read https://www.amazon.com/Early-Retirement-Extreme-philosophica... You don't need more, trust me. But, of course, what these two have in common, is…

YNAB is good if it's just you or you're the sole manager of your account, but multi-user is hard to maintain, spent more time fixing syncing issues etc. I also don't like things that claim to solve money problems by asking you for money

Well, they don't solve your money problems, nobody can do this :) They offer you a really good service, which of course they want money for. But I think its around 2,50 Dollar a month? I already saved up to 15k in the last few months, so they can have their 2,50 ;)

Re: Ask HN: What's your favorite way to save money?

#166

Post by rmarsdendox »

RACHEL MARSDEN DOX Rachel Marsden, who is the worst slut in the world, has been falsely accusing people of raping her during 90s and 00s, including her swimming coach and the Wikipedia founder. On Twitter, she has been caught using her main Twitter accounts and even sock Twitter accounts such as @Non_Disclosure to harass other people she don’t like, even using sexual suggestive words inside her tweets. ​ This girl now lives in Paris, France and is working for Sputnik Radio in there. ​ By falsely accusing other people of raping her, this Rachel Marsden scum had insulted all of the rape victims out there. She also exhibits stalking behaviors against others, particularly hackers like “The Jester”. ​ If you want to learn more about her, you can go to the discussion page of her IMDB profile, there’s a post detailing all of her dark deeds. In addition to that, the hacker “The Jester” also has a piece, which is titled “Rachel Marsden – Come on down” that details the sadistic behaviors of the daughter of bitch. ​ By faking her resumes, that Marsden bitch is a fake bitch scum who always boasts about her psychopathic and sadistic scheme. This pinko/commie also always shamelessly defending dictators who commit heinous crimes. ​ By calling herself a “journalist”, she is making the whole journalist community looks ridiculous. ​ Sluts and psychos like Rachel Marsden deserve no place in our current society, and maybe she should be exiled to a remote island to let her rot by herself. ​ So, wanna let her taste her own medicine? Here’s her doxes:

Scroll down to the Rachel Marsden part in the link below: https://buyandsell.gc.ca/procurement-data/tender-notice/PW-1...

There’s an address of Rachel Marsden in this pdf: http://efoia.bis.doc.gov/index.php/component/docman/doc_down...

Apparently her email address is rachelmarsden@gmail.com and she has multiple phone numbers. She might now lives in a room in 1 RUE CAMILLE DESMOULINS 92300 LEVALLOIS PERRET, PARIS, FRANCE, according to the pdf and the links below:

http://listings.findthecompany.com/l/41612630/Marsden-Rachel...

http://french-corporate.com/french-corporate/521/244/921/521...

http://edecideur.info/edecideur/8542Z/MARSDEN-RACHEL-MARSDEN...

Want more details? Here’s her home in Google street view: https://www.google.com/maps/place/1+RUE+CAMILLE+DESMOULINS+9...

Rachel Marsden’s court record regarding her stalking charges: https://www.canlii.org/en/bc/bcpc/doc/2004/2004bcpc369/2004b...

So, troll her if you can by calling pizzas to her home, since there’s a Domino’s pizza shop in 99 Rue Aristide Briand, 92300 Levallois-Perret, France.

Also, you are welcomed to swat her at your own will. Or at least troll her (@Non_Disclosure) on Twitter with shit talks and gamergate style insults and threats.

You are also welcomed to throw rotten eggs and shoes against her when you see her walking in a Parisian street in real life. ​ We are Anonymous. We are Legion. We do not forgive. We do not forget. Expect us.

Re: Ask HN: What's your favorite way to save money?

#167

Post by shoo »

UK-AL wrote: post #100
kamaal wrote: post #59

Earlier quoted context omitted.

With all due respect to your father but that is seriously very bad advice. It's almost impossible to fill a container leaking all the time. Also make note a lot of people have gotten rich by saving and investing than have people who went into doing start ups or 'revenue stream' or such.

It's good advice, but it can be misinterpreted. You either spend 3 hours cutting coupons every few days or you can spend three hours learning new tech or gaining a qualification or going to meetups. Spending some money on books/taxi's etc to do so. The best payoff is spending the money. However there is a "poverty" mentality where people would be scared of spending that money. You need to avoid that. On the other han…

I think a good distinction is hinted at in your last line "optimise for the best expected payoff". This form of spending is perhaps better termed investment.

Re: Ask HN: What's your favorite way to save money?

#168

Post by shoo »

skrause wrote: post #136
dsfyu404ed wrote: post #124

Since nobody else said it. STAY SINGLE!!! If it flies, floats or f ks it's cheaper to rent than to buy. If you can't stay single at least avoid kids... I know that won't be a popular opinion but the numbers don't lie.

Why is staying single cheaper? My girlfriend and I save a lot of money by being able to share an apartment and splitting the rent, internet connection etc. Living alone would be much more expensive for each of us.

sharing a place tends to be a lot cheaper - but note that many people who are single do not live alone.

Re: Ask HN: What's your favorite way to save money?

#169

Post by shoo »

neppo wrote: post #103
arc_of_descent wrote: post #95

* Walk a bit more so I save money on my drive to work * Work from home most of the week * I've stopped eating/ordering outside food dramatically * Stopped smoking cigarettes almost 15 months now * Reduce alcohol consumption * Turn off fans, AC, TV at home/office And of course, investing. I usually force myself to invest whatever money I get in stocks or forex trading.

How did you get started in trading, can you recommend any good resources? I'd like to do it myself, but am unsure how to get going.

I can't offer any advice specifically for trading, but for a more general introduction investing in the stock market, you might want to read "A Random Walk Down Wall Street" by Burton G. Malkiel.
Post reply on HN