Best way to manage money? - page 15.

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Quote from: Kemarit on November 04, 2016, 12:53:20 AM

Quote from: Ziskinberg on November 03, 2016, 11:12:59 PM

Quote from: coinsmanager on November 03, 2016, 04:45:19 PM

Certainly the first step should be to recognize your limitations, knowing what is really necessary for you. Thus it will be easier to eliminate expenses that are unnecessary, and this will help you to have savings.

That's the same as prioritizing your needs than your wants to be able to manage your money properly. Only few can do that because it requires a lot of discipline and human as we are, we are near to temptation and we can easily loss our budget planning because we tend to not control our emotion over our wants.

If we want to succeed, we should know how to sacrifice and by sacrificing it will bring us to a better future or financial freedom.

Thats the problem it is really easy to say it but in reality we cant control our self especially in the sense of doing pleassure. Most of us still use most of our hard earned money to satisfied our lust and just like youve said its really hard to practice managing money in the right manner.

We have to be discipline to have control, we cannot manage our money well if we are dictated by our wants. Our wants is the main hindrance to be able to manage our money well, too much wants will make us ruin our money management.

Saving is also important and we need to learn that as well as that is part on how to manage our money.

Kemarit

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Quote from: Ziskinberg on November 03, 2016, 11:12:59 PM

Quote from: coinsmanager on November 03, 2016, 04:45:19 PM

Certainly the first step should be to recognize your limitations, knowing what is really necessary for you. Thus it will be easier to eliminate expenses that are unnecessary, and this will help you to have savings.

That's the same as prioritizing your needs than your wants to be able to manage your money properly. Only few can do that because it requires a lot of discipline and human as we are, we are near to temptation and we can easily loss our budget planning because we tend to not control our emotion over our wants.

If we want to succeed, we should know how to sacrifice and by sacrificing it will bring us to a better future or financial freedom.

Thats the problem it is really easy to say it but in reality we cant control our self especially in the sense of doing pleassure. Most of us still use most of our hard earned money to satisfied our lust and just like youve said its really hard to practice managing money in the right manner.

qiwoman2

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Best way to manage money is to keep a spreadsheet of all your incomes and expenses, this way you can keep a tab and control over how much you spend, then you tend to waste less money. My Dad is an accountant and he taught me that.

Ziskinberg

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Quote from: coinsmanager on November 03, 2016, 04:45:19 PM

Certainly the first step should be to recognize your limitations, knowing what is really necessary for you. Thus it will be easier to eliminate expenses that are unnecessary, and this will help you to have savings.

That's the same as prioritizing your needs than your wants to be able to manage your money properly. Only few can do that because it requires a lot of discipline and human as we are, we are near to temptation and we can easily loss our budget planning because we tend to not control our emotion over our wants.

If we want to succeed, we should know how to sacrifice and by sacrificing it will bring us to a better future or financial freedom.

coinsmanager

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Certainly the first step should be to recognize your limitations, knowing what is really necessary for you. Thus it will be easier to eliminate expenses that are unnecessary, and this will help you to have savings.

xSkylarx

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Save for the future and don't invest what you can't afford to lose. Just buy what you need neccessarily and don't buy just because it is trending or others have it. Before buying something expensive think if you really need it. If its not think twice before buying it. Managing money is really difficult if we have many responsibilities in life.

marcuslong

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As of now since i open a bank account where i put my sells on bitcoin it is really good when you are going to open an bank account where to save money to it when you are earning from bitcoin and tradings if you really don't want to save it into bank then hold it into your bitcoin wallet and stop spending too much.

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Quote from: Owl_Fintech on November 03, 2016, 08:58:21 AM

There are several steps that can help in financial management. I think it's important to have savings, as this can help you in unexpected situations, but for that you need to save money, and it's only possible by cutting spending.

It is really important to have savings as that is your way to success. A person who does not know how to save will never be successful unless he is too lucky to win in gambling, we need to have savings for our future expenses and investment and we can do that if we learn to sacrifice our wants and focus only on our needs.

just_Alice

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To manage your money properly it is very useful to create a list of the expenses you should do anyway: like paying bills, buying food, clothes etc. This should be done every month and after you substracted from the total amount you earn per month all those expenses you can plan your activity of leisure.

Owl_Fintech

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There are several steps that can help in financial management. I think it's important to have savings, as this can help you in unexpected situations, but for that you need to save money, and it's only possible by cutting spending.

Golftech

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Quote from: lrdeoliveira on March 17, 2016, 03:35:44 AM

Quote from: tommorisonwebdesign on March 16, 2016, 12:16:10 PM

So I have seen a lot of topics relating to different methods of managing money ("How to earn Bitcoin, "How to save money") and the likes. Now I would like to see what are the best ways people can come up with in regards to managing their money. I find creating a budget is one of the fundamentals of managing money. If you have no records, you can't know exactly how much money you have to spend each month. Another piece of advice I would like to give to people is to not use your credit card unless you're able to pay it off in full at the end of the week.

Any input?

To manage well your money first of all you need integrity, you must not be the kind of person who sends the life savings to the wallet of dice for example, second you need cold blood and not and not act on impulse. Third choose a goal and work hard to achieve it

the best way to manage your money is to keep the half of your salary on your bank and spend the rest to your everyday needs. keep tracking your earnings monthly. and put it on a good investment that can gives you a lot of profits.

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Quote from: tommorisonwebdesign on March 16, 2016, 12:16:10 PM

So I have seen a lot of topics relating to different methods of managing money ("How to earn Bitcoin, "How to save money") and the likes. Now I would like to see what are the best ways people can come up with in regards to managing their money. I find creating a budget is one of the fundamentals of managing money. If you have no records, you can't know exactly how much money you have to spend each month. Another piece of advice I would like to give to people is to not use your credit card unless you're able to pay it off in full at the end of the week.

Any input?

I have a strict system of managing money. Firstly, I have different types of money (I mean, money to spend on different thigs). I have money for food, for pills, for rent, for transport expences, for holidays. Money for food is a fixed amount I can spend per day. If I need to spend a bit more then the next day I spend less. Money for pills, rent and transport expences is a fixed amount per month. Money for holidays is the money which is left and can be saved or spent on cafes and some other expencive for everyday life stuff. Different types of money are kept in different places not to mix anything. I find this system helpful. Oh, and I withdraw nearly all the money from a card, because it's easier for me to use cash/

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Quote from: sherlock_h on October 30, 2016, 03:26:47 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.

Exactly, someone buying any kind of things when he has money, whether important or not would probably lose his money that he could save from his salary or income, so if someone applies the method you said he will be able to manage his money in a better way.

bitcoinboy12

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One of the principles I hold on to in managing finances is this -
while saving money is important.. start saving when you are already free from debt.
Any incurred debt is simply eating up whatever finances you may have saved.
Be debt-free first.. then start saving.

Once you are debt -free.. that amount that you used to pay for whatever debt ( loans, credit card etc) continue "paying" that amount.. but this time direct to your account dedicated for your savings.

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Quote from: sherlock_h on October 30, 2016, 03:26:47 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.

sherlock_h

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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.

izlevinv

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Quote from: MTBTT on October 30, 2016, 02:53:13 AM

Quote from: CasioK on October 24, 2016, 11:53:04 AM

Quote from: Xester on October 23, 2016, 02:00:39 AM

Quote from: quentincole32 on October 23, 2016, 01:15:34 AM

Quote from: tabas on October 22, 2016, 06:27:21 PM

Quote from: MaritiJames3 on October 20, 2016, 03:22:58 AM

You always need to be aware of how much money you need to put on the side because of bills and things that you will need to pay, you also need to save a percentage of what you are earning.
If you manage to do only this and you are managing your money good enough.

Exactly, you must set on the things that you are going to use your money for. And I would say that just buy the things that are necessary and you really need. Don't buy the things that you just want to have it because you want it but buy the things that you really need so that you are going to manage your money properly.

really not easy to stick on the rules , first of all you need to be discipline. without discipline anything that you have planned before will just useless. once you have this discipline then you are good to go to managing money by yourself. another option you may could use a third party to manage your money such as your wife maybe? a women have a better instinct about managing money.

I may disagree with woman who are good in managing money. Not all. Sometimes they are the reason why you could not save your money because of their wants. Grin

. Anyways, yes it took a lot of discipline if you want to have a better management in your money.

Yes, women can give you headache when you try to manage your money efficiently, thats why it is advisable that you don't tell woman all the money you have. Maybe you can just reveal 5% of what you have so that even if they come up with that their fashion greed you can be sure that 95% of your money is safe and properly managed.

I think it is not a smart woman to save money, but mothers with several children. I'm sure he will be very clever in arranging money for their life, not all women are good at managing money

Traditional women knows how to save money very well and we cannot expect same from the modern women as most of them are addicted to shopping so if give them to manage our money then I am sure they will keep on spending money behind our back and at the end of the month we will be left nothing in our hands.

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Quote from: CasioK on October 24, 2016, 11:53:04 AM

Quote from: Xester on October 23, 2016, 02:00:39 AM

Quote from: quentincole32 on October 23, 2016, 01:15:34 AM

Quote from: tabas on October 22, 2016, 06:27:21 PM

Quote from: MaritiJames3 on October 20, 2016, 03:22:58 AM

You always need to be aware of how much money you need to put on the side because of bills and things that you will need to pay, you also need to save a percentage of what you are earning.
If you manage to do only this and you are managing your money good enough.

Exactly, you must set on the things that you are going to use your money for. And I would say that just buy the things that are necessary and you really need. Don't buy the things that you just want to have it because you want it but buy the things that you really need so that you are going to manage your money properly.

really not easy to stick on the rules , first of all you need to be discipline. without discipline anything that you have planned before will just useless. once you have this discipline then you are good to go to managing money by yourself. another option you may could use a third party to manage your money such as your wife maybe? a women have a better instinct about managing money.

I may disagree with woman who are good in managing money. Not all. Sometimes they are the reason why you could not save your money because of their wants. Grin

. Anyways, yes it took a lot of discipline if you want to have a better management in your money.

Yes, women can give you headache when you try to manage your money efficiently, thats why it is advisable that you don't tell woman all the money you have. Maybe you can just reveal 5% of what you have so that even if they come up with that their fashion greed you can be sure that 95% of your money is safe and properly managed.

I think it is not a smart woman to save money, but mothers with several children. I'm sure he will be very clever in arranging money for their life, not all women are good at managing money

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Quote from: tommorisonwebdesign on March 16, 2016, 12:16:10 PM

So I have seen a lot of topics relating to different methods of managing money ("How to earn Bitcoin, "How to save money") and the likes. Now I would like to see what are the best ways people can come up with in regards to managing their money. I find creating a budget is one of the fundamentals of managing money. If you have no records, you can't know exactly how much money you have to spend each month. Another piece of advice I would like to give to people is to not use your credit card unless you're able to pay it off in full at the end of the week.

Any input?

Best way to manage your money is firstly to create a spreadsheet and list all your monthly expense, if you maintain it more often then you can list all your expenses that you make every day.

By this you will see where your money goes and where are you spending, next month try to reduce the expenses for 10% and so on and after you months you will notice that you have saved some money with this little trick.

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Quote from: stomachgrowls on October 30, 2016, 01:54:37 AM

Quote from: Positid on October 29, 2016, 11:47:28 PM

Quote from: beafheart on October 29, 2016, 10:41:39 AM

Quote from: arseaboy on October 29, 2016, 09:45:50 AM

Quote from: quentincole32 on October 29, 2016, 01:17:48 AM

Quote from: Xester on October 23, 2016, 02:00:39 AM

Quote from: quentincole32 on October 23, 2016, 01:15:34 AM

Quote from: tabas on October 22, 2016, 06:27:21 PM

Quote from: MaritiJames3 on October 20, 2016, 03:22:58 AM

You always need to be aware of how much money you need to put on the side because of bills and things that you will need to pay, you also need to save a percentage of what you are earning.
If you manage to do only this and you are managing your money good enough.

Exactly, you must set on the things that you are going to use your money for. And I would say that just buy the things that are necessary and you really need. Don't buy the things that you just want to have it because you want it but buy the things that you really need so that you are going to manage your money properly.

really not easy to stick on the rules , first of all you need to be discipline. without discipline anything that you have planned before will just useless. once you have this discipline then you are good to go to managing money by yourself. another option you may could use a third party to manage your money such as your wife maybe? a women have a better instinct about managing money.

I may disagree with woman who are good in managing money. Not all. Sometimes they are the reason why you could not save your money because of their wants. Grin

. Anyways, yes it took a lot of discipline if you want to have a better management in your money.

not all , bot mostly. so nothing wrong with my words isn't it? also there is a lot of kind women you can't judge all of them is same of course. but all what i feel now that my wife doing very well in managing family funds. so why not to give a shot? if you didn't confiden't on yourself , there is no harm.

Well there's nothing wrong on managing money when it comes to gender. Because people are different.. it's just their way of thinking or perspective on how they will manage their money. Like me, I used self control when it comes to money and always have a long term goal so I can properly spend and manage my money wisely.

I also self-manage their money. I save some for investment. It is necessary. Some are converted into Bitcoin. Just as there is a goal, then it is easier to manage money.

What you did was right, putting your investment in bitcoin is the best thing to do for now, and since we are still considered to be in the early phase we can see more improvement and that makes it profitable for us to invest in bitcoin, it is a risky investment but so rewarding.

Putting up your money into bitcoin is somehow a great investment but we should not risk all of our money just put the amount that you could afford to lose in the long run because bitcoin investments doesnt guarantee us anytime to secure profits because price are too unpredictable to consider.

Managing money would be easy as long you have a budget plan or list to see your expenses throughtout the month and if you see theres too much expense on a certain thing you could always cut out.

Well, managing your money could involve a lot of things because you do not only manage your expenses but your investment as well. Though we only have a small amount of money right now but we have a chance to grow that if we can minimize our expenses so we will be able to invest with bitcoin.

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