this post was submitted on 01 Jun 2025
64 points (98.5% liked)

[Migrated, see pinned post] Casual Conversation

3439 readers
142 users here now

We moved to [email protected] please look for https://lemm.ee/post/66060114 in your instance search bar

Share a story, ask a question, or start a conversation about (almost) anything you desire. Maybe you'll make some friends in the process.

RULES

  1. Be respectful: no harassment, hate speech, bigotry, and/or trolling.
  2. Encourage conversation in your OP. This means including heavily implicative subject matter when you can and also engaging in your thread when possible.
  3. Avoid controversial topics (e.g. politics or societal debates).
  4. Stay calm: Don’t post angry or to vent or complain. We are a place where everyone can forget about their everyday or not so everyday worries for a moment. Venting, complaining, or posting from a place of anger or resentment doesn't fit the atmosphere we try to foster at all. Feel free to post those on [email protected]
  5. Keep it clean and SFW
  6. No solicitation such as ads, promotional content, spam, surveys etc.

Casual conversation communities:

Related discussion-focused communities

founded 2 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
64
Whats a useful moneysaving tip you want to share? (lazysoci.al)
submitted 5 days ago by [email protected] to c/[email protected]
70 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 18 points 5 days ago (1 children)

Track your spending and expenses. Even if you don’t plan to change your spending habits at first, I’d say it’s pretty hard not to once you see where all your money is actually going.

Beyond that - and while it’s not exactly a “saving” tip - I’d argue that investing is the biggest lever you can pull when it comes to growing your wealth. I’m a blue-collar worker, and while I do okay for myself, I’m by no means rich. But the money I’ve put aside from my wages and invested now pays me passive income each year that roughly equals two months’ worth of income. That’s money I don’t have to work for.

I’d seriously struggle to save that much each year through budgeting alone - especially since I’ve already picked all the low-hanging fruit when it comes to frugal living.

[–] [email protected] 4 points 5 days ago (2 children)

How do you suggest one start with investing?

[–] [email protected] 3 points 5 days ago* (last edited 5 days ago)

ETF index funds that are heavily diversified across both sectors and geographic regions are a great place to start - just make sure the total expense ratio stays below something like 0.3%.

Personally, I’ve set mine to automatically invest €500 each month, regardless of what the market is doing. I never try to time it - I just keep buying and never sell. The ones I'm personally buying are iShares EUNL and IS3N with 80/20 distribution.