2019 Crypto Budget Plan | Bitcointalksearch.org

andriarto

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Quote from: freedomgo on May 12, 2019, 01:43:11 AM

Having a budget is good, you know your needs so you know how much you really need to spend for your basic needs.
We have different income and we do have different needs as well.

To make it simple, if you can save out from your income, just allocate 50% for investing purposes in crypto, the rest is savings for your future.
Savings is compulsory, while investing is an option, I hope I was able to help.

Such division is of course only possible for those who are aware of their future. especially for this year 2019, where bitcoin has improved again. and currently breaking the price of $ 7000, of course this is a good start for other altcoins too. therefore setting aside funds to invest very well is done immediately

freedomgo

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Having a budget is good, you know your needs so you know how much you really need to spend for your basic needs.
We have different income and we do have different needs as well.

To make it simple, if you can save out from your income, just allocate 50% for investing purposes in crypto, the rest is savings for your future.
Savings is compulsory, while investing is an option, I hope I was able to help.

calya

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Quote from: bonker on May 10, 2019, 11:15:51 AM

Actually having a budget is good thing but based on cryptos budget plan may get ruined due to the price change so just make your budget plan in satoshi or in bitcoins.

we need to make it clear first.what this used to with out budget plan, is it used to planned our investment allocation or diversify our cryptocurrency asset.in my opinion we have to planed our budget for crypto investment.

shoreno

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Quote from: bonker on May 10, 2019, 11:15:51 AM

Actually having a budget is good thing but based on cryptos budget plan may get ruined due to the price change so just make your budget plan in satoshi or in bitcoins.

budgeting can be done in two ways . its either you are going to budget your cryptos ( e.g you will only sell some for fiat or for other use ) or you are budgeting your cash for crypto investments ( e.g allocate 60 percent for bitcoins and the rest 40 percent for altcoins ) but your right ,cryptos are volatile and thier values can change from time to time so we better consider this thing out before we proceed for our budgetting plans .

bitgolden

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Quote from: playboy654 on May 09, 2019, 07:52:09 PM

Yes it is definitely a good chances for getting the income for everyone but how can we improve our investment by using this opportunity in matters especially in this situation Bitcoin is developing a huge investment is more important right now for getting a good profit.

Honestly if I am to advise you, the best way to increase your investment virtually every day is just to learn how to trade, I know trading is not for everyone, but one can really learn it, that is how I have been increasing my investment gradually, it might be slow, but I am still able to add something on my holdings for a long term investment.

There are other ways to increase one’s investment in this time that the market is improving, but there is still no better way than trading to acquire more coins, and aside improvement on investment, he profit you can get during this period of trading can even keep you in shape till we reach our target for the ATH.

bonker

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Actually having a budget is good thing but based on cryptos budget plan may get ruined due to the price change so just make your budget plan in satoshi or in bitcoins.

Pattart

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Thats a good financial plan, I think everyone must have a financial plan like you. and of course the strategy will be different, such as allocations for food, recreation, gasoline, and etc. yeah we know that the cost of living in each country is different. if you living in developed countries, especially large cities of course $500 per month will be a very small income, you need to be smarter in managing and dividing your money for certain things.

The key I want to say, if you have a limited income then you should make a plan by allocating funds more to priority first such as food and bills, and sorted it.

serjent05

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Quote from: Slow death on May 09, 2019, 03:30:41 PM

there are some things that I do not understand:

I think expenses varies in every country.

Quote from: Slow death on May 09, 2019, 03:30:41 PM

Quote from: goaldigger on May 06, 2019, 02:33:20 AM

4.) I am living in a family oriented country so it has to be something to give on my family. $50 is what i give them every month. Too little for others but i guess its enough since my father is still working and my brother is working too.

What do they buy with $ 50? in my country would be an amount of money that would not give the person to have dignified food for 5 days, the prices of food in my country are very high

I am from developing country and the amount stated by OP especially on food is way too big for a day meal. We can have a good meal here at around $3 to $5. For a whole day budget, $20-30 can feed a family with a member of 5.

A good list of budgeting there OP, that would be a good plan to follow if someone is aiming for a better future for himself. Personal investment, insurance, family support, savings... a very good way to spend the monthly salary!

nur rochid

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Quote from: playboy654 on May 09, 2019, 07:52:09 PM

Yes it is definitely a good chances for getting the income for everyone but how can we improve our investment by using this opportunity in matters especially in this situation Bitcoin is developing a huge investment is more important right now for getting a good profit.

right, good opportunity, but we also have to be consistent with the analysis, do not easily panic against a volatile market. so that at the end of the year we can take advantage of cryptocurrency

playboy654

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Yes it is definitely a good chances for getting the income for everyone but how can we improve our investment by using this opportunity in matters especially in this situation Bitcoin is developing a huge investment is more important right now for getting a good profit.

mersal

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In this time I put me every income in Bitcoin world discuss I know that development is definitely happened so increased my investment in the previous months when the Bitcoin is not good and I see the changes now especially in the recent few days the improvement is huge and I expected this.

trickyriky

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Quote from: Albert Smith on May 06, 2019, 04:06:17 AM

Stay away from alts they occasionally might have better gains but take higher amount of management. Bitcoin you can just buy and leave and spend your spare time making money to buy more.

Bitcoin is safer but I do not think that the guy must stay away from alts. Many tokens as going to gain more than Bitcoin. I believe, for instance, that NEO and DASH can make a high jump soon.

Slow death

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there are some things that I do not understand:

Quote from: goaldigger on May 06, 2019, 02:33:20 AM

3.) $30 is also enough for my leisures such as buying comfort foods ,gambling, games, etc. Its also right to treat yourself sometimes because your life doesnt have to be a boring house-work-house system.

how is this possible? Is it possible with only $30 you have it all? in my country for example with $ 30 you do absolutely nothing

Quote from: goaldigger on May 06, 2019, 02:33:20 AM

4.) I am living in a family oriented country so it has to be something to give on my family. $50 is what i give them every month. Too little for others but i guess its enough since my father is still working and my brother is working too.

What do they buy with $ 50? in my country would be an amount of money that would not give the person to have dignified food for 5 days, the prices of food in my country are very high

Quote from: goaldigger on May 06, 2019, 02:33:20 AM

7.) The $50 was intended to be my budget for travelling since i really love that hobby.

How do you travel with $50? in my country for someone to travel from one province to another province the person must have at least $100 if he is traveling by car and $200 if he is traveling by air plane

Quote from: goaldigger on May 06, 2019, 02:33:20 AM

8.) Lastly, the remianing $50 is put on cryptocurrency for trading or holding, whatever profit it will serve. The portion for cryptocurrency is slightly less why? Because i already some crypto profit for the past years and i just maintaining it slightly per month.

How do you trade with $ 50? how is this possible? What daily or weekly or monthly profit do you have?

RealMalatesta

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I really thought that I am good in budget planning until I saw your list, and I think I am so interested in following your list cost it’s a good one, although there are some that is not that applicable to me, like that of motorcycle, I don’t have any motorcycle to maintain, and I wish that I can be lucky as you too to win one or a car for myself, lol.

The only aspect that I don’t get is that of number 2, where you said you spend $60 on feeding on a daily basis, how is that possible for earning of $500 per month, or could it be that you meant per month, please clarify that for us. For the crypto investment, its good too but you can still cut some of your expenses for more investment.

ryzaadit

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I like this Money Management, the OP user Money Management not only for Cryptocurrency but he using too for his Financial Needed. The problem with a newbie it's they never use a Money Management went investing at Cryptocurrency always put all of his money into one currency.

el kaka22

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There is a fine line between living a good life and just living and if you overdo one thing than the other will happen. Now can you live a very simple life with very minimum expenses and basically not spend a single dime at all and just basically pay for "must" things in your life? You can but that is not living, that is just existing, that is why you have to spend some money on things that will make you happy.

For example, I have to go to a vacation every single year, it changes year to year where I go and sometimes I go to same place I went before but in the end I always go to a vacation every summer, if I don't I feel bad. I also go watch a play at some theatre every year, at least 3 to 5 times, those are things to live for, of course there are tv shows and movies that I want to watch too. Now if you do not do things that make you happy and save money constantly and put all of it to bitcoin, could you be rich one day? sure but what does it matter if you are rich and not happy.

BrewMaster

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a very good plan and thanks for starting this topic, some of the comments here were good. the only thing left is to stick to it and increase your revenue and networth.

i have a similar one too but i am taking bigger risks. i am not a big risk taker but when it comes to bitcoin (which is the bulk of my investment) i want to gain more profit and for that i have to take bigger risks.
but what i do in addition is that i usually cash out a part of the profit that i earn from trading altcoins back to fiat to both be able to enjoy the profit as i work hard for it and also reduce the risks i am taking so that things don't get out of hand.

Adhichan

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Quote from: fauzan Ichsan on May 08, 2019, 01:09:45 AM

Quote from: Reid on May 07, 2019, 11:42:37 PM

The budget of a single man.
That could have been the title. Grin

Me? I also have my own budget and my income monthly is larger then yours. The difference is I have two kids who needs milking and diapers. Grin

Sometimes that gets to the way into all your savings. Better look unto that too.
I didnt read any savings from your division of money.
We cannot get away from all this crypto currency market and I do think it is still a good idea to make it stable. Consider it as your investment and also your savings.

even when we are single we should put more investment, I am single and $ 5,000 is a big number for me every month. I also saw the absence of savings, and I regretted it, because while we were young we had to prepare for a better life later

while we in young we have more time to prepare our future.and also we still feel strong to work hard in any place.if we able to save our money in investing ,when we be old man we will have much money from this investment.

BlueStackz

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There is something I really want to understand on what you have written here. - are you still single or you're married? Cause I don't really know how $60 can be enough for you to feed yourself and also pay for transportation in a month? Unless maybe things are very cheap in your country. Where I live it us not like that,cause I spend more than that in a month and it gets more than that when you're a man with family.

Well, the main truth is that everyone can't live the same kind of lifestyle ,yours might cost you less,but there are people that will have to spend more than that. Do you pay rent and bills? That adds to everything on the list.

davis196

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Do you spend money for electricity,internet,phone bills?
Those type of bills take a lot of my monthly income,but it's going to get better next year.
It's always good to have control over your costs,but nowadays people use credit cards,overdrafts,loans,etc.
which shows how incompetent they are when it comes to personal finance.

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