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Topic: Best way to manage money? - page 13. (Read 61099 times)

hero member
Activity: 588
Merit: 500
November 10, 2016, 07:23:51 AM
I think the best way to save your money is to live as if you're broke and you've got a lot of debts. Always think of the poor people whenever you're going to spend a lot of money. Think first if the things you're buying is really a "need" and not just a "want". It's quite easy to do some research when you're going to buy something and find the cheapest brand available.

If you can't live as if you're broke, then just make a list of the things that you're spending your money on. This way, you'll be aware if you're spending more money than you're making and you'll feel guilty about it.
sr. member
Activity: 420
Merit: 250
November 10, 2016, 05:14:11 AM
I think you can save 50% your money and 50% you can use to invest the money. I think better if this can do.
I think if you want to have good financial management you should prioritize to save rather than invest, then it is advisable to keep at least 90% of your salary, it would be better
legendary
Activity: 2674
Merit: 1048
November 10, 2016, 04:10:29 AM
Don't use credit card. Avoid living for a credit at all cost. Debt=slavery. If you don't need something very badly now and you can't afford it then it means it is not for you.
Wait month or two, save your money and buy your desired item then. The only drawback is that is not possible with real estate market and you will have lend money.
Use Credit card is the same with make a debt.  Someone who have debt will feel uncomfortable in the night and feel so contemptible in the day. If you do not pay soon, the amount of debt will increase everytime, I think no advantage of using credit card. I think the best way to manage our money is divide our money in three part, the first part is for our daily need, the second part is for saving, the third part is fo unpredictable condition.
really using credit card for living feel like slavery , feel good at first but full of pain the rest.

making a plan always easy , do the plan are the biggest challenge that most people hard to do. so do self introspection first as this is quiet important to release your greedy attitude , then go for the plan.
hero member
Activity: 644
Merit: 500
November 10, 2016, 03:20:42 AM
Ive found the best way to manage my money is to put money into an account that if I want to save it, I would not have any sort of direct access to. It has helped me save quite a bit of money in my life so far.
However for Bitcoin, I havent really found a lot of uses besides trading so whatever I make I keep Tongue

What do you mean you don't have direct access? is it saved in banks or in other investments? well, that would work if you are saving it in bank, but in investments, well, I have a doubt about that... But anyway, I think the best way is still budgeting your money and religiously following it...  Smiley
Managing money is to have savings before expenses and it has good also to have investment and savings together it would helps you to have good/stable life in the future and do not spend too much on the thing that you not need.
That's what we actually want, but it seems it's hard to do it especially when you have a bigger needs. It really need to be done for every person who's earning but only those who have discipline can do it, we have to sacrifice some of our wants if we want to do it.

Especially if you have your own family and don't have enough money to save then it's going to be difficult to manage.. good thing there's bitcoin who can help us to make a profit using our money to secure our future better.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
November 10, 2016, 02:51:49 AM
Ive found the best way to manage my money is to put money into an account that if I want to save it, I would not have any sort of direct access to. It has helped me save quite a bit of money in my life so far.
However for Bitcoin, I havent really found a lot of uses besides trading so whatever I make I keep Tongue

What do you mean you don't have direct access? is it saved in banks or in other investments? well, that would work if you are saving it in bank, but in investments, well, I have a doubt about that... But anyway, I think the best way is still budgeting your money and religiously following it...  Smiley
Managing money is to have savings before expenses and it has good also to have investment and savings together it would helps you to have good/stable life in the future and do not spend too much on the thing that you not need.
That's what we actually want, but it seems it's hard to do it especially when you have a bigger needs. It really need to be done for every person who's earning but only those who have discipline can do it, we have to sacrifice some of our wants if we want to do it.
hero member
Activity: 714
Merit: 531
November 10, 2016, 01:29:12 AM
Ive found the best way to manage my money is to put money into an account that if I want to save it, I would not have any sort of direct access to. It has helped me save quite a bit of money in my life so far.
However for Bitcoin, I havent really found a lot of uses besides trading so whatever I make I keep Tongue

What do you mean you don't have direct access? is it saved in banks or in other investments? well, that would work if you are saving it in bank, but in investments, well, I have a doubt about that... But anyway, I think the best way is still budgeting your money and religiously following it...  Smiley
Managing money is to have savings before expenses and it has good also to have investment and savings together it would helps you to have good/stable life in the future and do not spend too much on the thing that you not need.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
November 10, 2016, 12:58:19 AM
Ive found the best way to manage my money is to put money into an account that if I want to save it, I would not have any sort of direct access to. It has helped me save quite a bit of money in my life so far.
However for Bitcoin, I havent really found a lot of uses besides trading so whatever I make I keep Tongue

What do you mean you don't have direct access? is it saved in banks or in other investments? well, that would work if you are saving it in bank, but in investments, well, I have a doubt about that... But anyway, I think the best way is still budgeting your money and religiously following it...  Smiley
legendary
Activity: 1218
Merit: 1000
November 10, 2016, 12:39:01 AM
Don't use credit card. Avoid living for a credit at all cost. Debt=slavery. If you don't need something very badly now and you can't afford it then it means it is not for you.
Wait month or two, save your money and buy your desired item then. The only drawback is that is not possible with real estate market and you will have lend money.
Use Credit card is the same with make a debt.  Someone who have debt will feel uncomfortable in the night and feel so contemptible in the day. If you do not pay soon, the amount of debt will increase everytime, I think no advantage of using credit card. I think the best way to manage our money is divide our money in three part, the first part is for our daily need, the second part is for saving, the third part is fo unpredictable condition.
Absolutely, using a credit card I guess it was not there to be good to manage money, because the bill is excruciating in my opinion. Managing money is good also do not have to keep all the money. But it should be able to divide the money for everyday needs, long-term savings, and an urgent need. Then stop spending money to buy something you do not need to also be stopped. Using the money wisely is the best way to manage money.
hero member
Activity: 952
Merit: 500
November 09, 2016, 11:41:15 PM
Ive found the best way to manage my money is to put money into an account that if I want to save it, I would not have any sort of direct access to. It has helped me save quite a bit of money in my life so far.
However for Bitcoin, I havent really found a lot of uses besides trading so whatever I make I keep Tongue
That's a good move, it's really the temptation that drives to destroy our budgeting plan, if we are affected with our emotion to spend our money and we can easily access our money for sure we will really spend it anytime. We need to believe that prevention is better than cure and what you did is prevention.
sr. member
Activity: 313
Merit: 250
November 09, 2016, 11:08:19 PM
Ive found the best way to manage my money is to put money into an account that if I want to save it, I would not have any sort of direct access to. It has helped me save quite a bit of money in my life so far.
However for Bitcoin, I havent really found a lot of uses besides trading so whatever I make I keep Tongue
hero member
Activity: 672
Merit: 500
November 09, 2016, 10:53:31 PM
Don't use credit card. Avoid living for a credit at all cost. Debt=slavery. If you don't need something very badly now and you can't afford it then it means it is not for you.
Wait month or two, save your money and buy your desired item then. The only drawback is that is not possible with real estate market and you will have lend money.
Use Credit card is the same with make a debt.  Someone who have debt will feel uncomfortable in the night and feel so contemptible in the day. If you do not pay soon, the amount of debt will increase everytime, I think no advantage of using credit card. I think the best way to manage our money is divide our money in three part, the first part is for our daily need, the second part is for saving, the third part is fo unpredictable condition.
hero member
Activity: 2618
Merit: 548
SecureShift.io | Crypto-Exchange
November 09, 2016, 10:17:55 PM
I think you can save 50% your money and 50% you can use to invest the money. I think better if this can do.
saving and  investing   is  really a good thing to do 50% on  saving and 50% on  investment, my question is  what  about  on   your expenses  into  your needs? How  will you consider it?  How  will you survive? Its  not  really a wise  move though   because   you put  too much  focus  on your  aims  but  you wont survive  if  you dont eat and  dont  have shelter and clothing. lol
I certainly agree with you, that is the big question and most of the problems of the people. We cannot manage our expenses in life properly and when our income increase our lifestyle also change, I think to be able to save, we need to live below our means and in that way we can save money but it requires a lot of discipline.

As mentioned when one spends according to his earning, then he saves a good amount also most of his desire can be fulfilled with the saving through his planned spending. Also in whatever manner we plan some miscellaneous spending happens for which we need to plan to compensate with some other earning.
full member
Activity: 210
Merit: 100
November 09, 2016, 03:53:10 PM
I think you can save 50% your money and 50% you can use to invest the money. I think better if this can do.
saving and  investing   is  really a good thing to do 50% on  saving and 50% on  investment, my question is  what  about  on   your expenses  into  your needs? How  will you consider it?  How  will you survive? Its  not  really a wise  move though   because   you put  too much  focus  on your  aims  but  you wont survive  if  you dont eat and  dont  have shelter and clothing. lol
I certainly agree with you, that is the big question and most of the problems of the people. We cannot manage our expenses in life properly and when our income increase our lifestyle also change, I think to be able to save, we need to live below our means and in that way we can save money but it requires a lot of discipline.
i don't agree with your point that when our income increasing our lifestyle will be also changing,it's depend on the individual themselves on how they manage they emotions and how they can use it efficiently,that theory is right but not for all individiuals because an individual have different personality and emotionality

In fact, many things in life can be dispensed with. For the sake of achieving the goal. The main thing to motivate yourself. We must not put the blurry goals, and specific binding with the expectation as to its implementation is necessary money. This discipline.
hero member
Activity: 2996
Merit: 524
Leading Crypto Sports Betting & Casino Platform
November 09, 2016, 08:00:25 AM
I think you can save 50% your money and 50% you can use to invest the money. I think better if this can do.
saving and  investing   is  really a good thing to do 50% on  saving and 50% on  investment, my question is  what  about  on   your expenses  into  your needs? How  will you consider it?  How  will you survive? Its  not  really a wise  move though   because   you put  too much  focus  on your  aims  but  you wont survive  if  you dont eat and  dont  have shelter and clothing. lol
I certainly agree with you, that is the big question and most of the problems of the people. We cannot manage our expenses in life properly and when our income increase our lifestyle also change, I think to be able to save, we need to live below our means and in that way we can save money but it requires a lot of discipline.
i don't agree with your point that when our income increasing our lifestyle will be also changing,it's depend on the individual themselves on how they manage they emotions and how they can use it efficiently,that theory is right but not for all individiuals because an individual have different personality and emotionality
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
November 09, 2016, 07:36:43 AM
I think you can save 50% your money and 50% you can use to invest the money. I think better if this can do.
saving and  investing   is  really a good thing to do 50% on  saving and 50% on  investment, my question is  what  about  on   your expenses  into  your needs? How  will you consider it?  How  will you survive? Its  not  really a wise  move though   because   you put  too much  focus  on your  aims  but  you wont survive  if  you dont eat and  dont  have shelter and clothing. lol
I certainly agree with you, that is the big question and most of the problems of the people. We cannot manage our expenses in life properly and when our income increase our lifestyle also change, I think to be able to save, we need to live below our means and in that way we can save money but it requires a lot of discipline.
hero member
Activity: 2982
Merit: 790
November 09, 2016, 06:41:56 AM
I think you can save 50% your money and 50% you can use to invest the money. I think better if this can do.
saving and  investing   is  really a good thing to do 50% on  saving and 50% on  investment, my question is  what  about  on   your expenses  into  your needs? How  will you consider it?  How  will you survive? Its  not  really a wise  move though   because   you put  too much  focus  on your  aims  but  you wont survive  if  you dont eat and  dont  have shelter and clothing. lol
full member
Activity: 190
Merit: 100
November 09, 2016, 06:27:25 AM
I think you can save 50% your money and 50% you can use to invest the money. I think better if this can do.
sr. member
Activity: 420
Merit: 250
November 09, 2016, 05:18:00 AM
It is difficult to find a set formula, but there are things that can be done and that can help you to save money... As for example, make a list of things you buy, and remove items that are unnecessary... planning is everything.

For the bitcoin investment, it is better to just buy and hold for the long term as the price will rise.
i agree with you its really very good idea that buy bitcoin in huge amount and then hold it and wait until for increase its price to huge value and i am sure you will get a good profit in the future from bitcoin because bitcoin increasing its price to higher value quickly.
I think it's a good idea to use most of your fiat money to buy bitcoin and then hold it, I think it would be very bereisko bitcoin investments due to fluctuations. I think not a good idea to save a lot of your money in bitcoin because of the risk it

It  would be  very risky to  put up all your money  into bitcoin  and  its  not ideal even  bitcoin has the  potential  to rise  even   more on the  future. The risk is always there but  its  up  to your decision though  if you decide hence  its still your  money  but   you  must  be  wise  on making such  investments with bitcoin. Managin money would be very good  thing  in able to save  up  money for the future.
yeah although bitcoin gives a great advantage and profitable though, it will never match if you use all your money to invest, you should always remember the risk, and it is very possible happen
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
November 09, 2016, 04:10:20 AM
management of money is not an easy task with all temptations flying around like black friday, xmas nearing and the alike discipline really has to be at its best. the best way would be use money on this that have important value to you
True. And people are also attracted by new technology such iPhone 7, new MacBook. And it is ridiculous when you try to buy new stuff just to fit this modernization technology. Be yourself and you can easily control the amount of money you have
You have to control your emotion to be able to manage your money well. If you do not have the control you will not be able to manage your money well as you will be easily attracted with the things you can see, may it be a thing or an experience, depends on what makes you happy.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
November 08, 2016, 01:32:13 PM
management of money is not an easy task with all temptations flying around like black friday, xmas nearing and the alike discipline really has to be at its best. the best way would be use money on this that have important value to you
True. And people are also attracted by new technology such iPhone 7, new MacBook. And it is ridiculous when you try to buy new stuff just to fit this modernization technology. Be yourself and you can easily control the amount of money you have
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