Best way to manage money? - page 17.

hajimasan

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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?

there i always a second plan if your first plan not work ( whether in any category )
usually i makes a plan to earn money through btc in amount of about 0.2 btc and i convert this btc into half of its fiat ( bank Money) and half of its for my bitcoin progress ( in trading and small.saving in wallet ) .
so i think i am.managing my money in better way it is other matter my earn is very low then what i am expecting .

Maslate

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The goals can easily be found because method are displayed online to make us successful in managing our money, it is now depending on us on how are we going to implement it into our lives, and since there are a lot of temptation outside that might ruin our plan, we need to have the right discipline to resist temptation.

Doms

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Set goals for long term and find ways / strategize on how you are going to achieve it. For example, if you are planning on buying a car two years from now, know how much you have to set aside each month to have that amount for you to be able to buy that car. Know what expenses you can cut on so that you could make your savings bigger, and if possible find other means of earning that you can further add to the amount you are regularly setting aside.

Mr. Big

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Quote from: secone on October 23, 2016, 09:24:50 PM

today is digital era, we have computer and smartphone.
for me the best way to manage our money is using our smartphone/computer, to write any transaction, invest, saving, buying a needs, having fun etc.
so we will know our saving, our investing etc. and we can manage "the best proportion of our needs"

Perhaps listing or writing down everything in journal or record is the most common way that we all know to manage finances and budget... Aside from that dividing your money and setting up which one should be on the priority and which one can be written on the next months budget is also good way of managing your budget... I my self is doing that, I adjust everything, I prioritize food, it has the largest share in my budget and the rest, it depends, like the bills, I put extra allowance on it and I based my budget on it on the last bill that I pay and just put extra so your money for it won't fall short...

secone

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today is digital era, we have computer and smartphone.
for me the best way to manage our money is using our smartphone/computer, to write any transaction, invest, saving, buying a needs, having fun etc.
so we will know our saving, our investing etc. and we can manage "the best proportion of our needs"

saiha

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Strength in Numbers

Quote from: bamboylee on October 23, 2016, 01:00:57 AM

Quote from: betohell on October 22, 2016, 06:39:03 PM

Quote from: martinacar on October 03, 2016, 02:40:39 AM

You always need to save money even if it is not much because in the long run it can end up as much. what I do is keep track of the things that I need to pay and calculate how much money will be left.
A percentage of that I will save and the rest is for me to spend.

regardless of your income, small or large you will need manage money because it will be very important for your future, I'm sure if you do not have it you're not going to get rich

Especially when you have minimal income because you have barely enough fo your needs, and mismanaging your money means sacrificing your needs. If you have bigger income, you can save some for your wants. But until then, prioritize your needs and savings for investment.

Saving is the best way to manage your money. Just make sure you are not using your money for the unwanted things. Just for get that first.

Focus more on what you really need so that you are able to cover up your needs. And you are going to avoid unusual expenses.

Because that is making a person save money because of spending it with those kind of things.

Positid

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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.

That does not mean that because they are woman they are good in managing money, there are still human and they have wants and needs and they can tempted to buy things like us, I guess it should be carefully plan by a couple on how to manage their money, normally when you have a family that is the time you are serious of managing your money.

Xester

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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.

quentincole32

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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.

bamboylee

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Quote from: betohell on October 22, 2016, 06:39:03 PM

Quote from: martinacar on October 03, 2016, 02:40:39 AM

You always need to save money even if it is not much because in the long run it can end up as much. what I do is keep track of the things that I need to pay and calculate how much money will be left.
A percentage of that I will save and the rest is for me to spend.

regardless of your income, small or large you will need manage money because it will be very important for your future, I'm sure if you do not have it you're not going to get rich

Especially when you have minimal income because you have barely enough fo your needs, and mismanaging your money means sacrificing your needs. If you have bigger income, you can save some for your wants. But until then, prioritize your needs and savings for investment.

Sorrowfox

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Looking to earn some extra cash or build up your wealth portfolio? Bitcoin is a great option for doing so. When most people think of earning money through bitcoin, they think about mining and investing in the all-digital currency, but these days there are numerous other methods people can use to generate bitcoin and cash for themselves.Let’s go over some of the most well-known and reliable ways of making money with bitcoin.

goldcoinminer

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Quote from: betohell on October 22, 2016, 06:39:03 PM

Quote from: martinacar on October 03, 2016, 02:40:39 AM

You always need to save money even if it is not much because in the long run it can end up as much. what I do is keep track of the things that I need to pay and calculate how much money will be left.
A percentage of that I will save and the rest is for me to spend.

regardless of your income, small or large you will need manage money because it will be very important for your future, I'm sure if you do not have it you're not going to get rich

Definitely that would happen, and if you are rich now because you just receive a good fortune from your parents then there is a big chance that you will lose your wealth and you will become poor, if you cannot manage small amount of money then it would be riskier for you to manage a big amount.

betohell

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Quote from: martinacar on October 03, 2016, 02:40:39 AM

You always need to save money even if it is not much because in the long run it can end up as much. what I do is keep track of the things that I need to pay and calculate how much money will be left.
A percentage of that I will save and the rest is for me to spend.

regardless of your income, small or large you will need manage money because it will be very important for your future, I'm sure if you do not have it you're not going to get rich

tabas

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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.

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Quote from: X-ray on October 20, 2016, 05:23:32 AM

Quote from: goinmerry on October 20, 2016, 03:50:55 AM

Quote from: Doms on October 20, 2016, 03:41:15 AM

Each of us has different spending habits and patterns plus we have different incomes so the best answer to the best way of managing money is up to the individual. If a person can live below his means, then he can save more than those who earn bigger than him but spends everything and more. Managing money involves a lot of discipline and wise decision making on what are important and what are just unnecessary expenses.

You mean contentment. I dont think that can happen. The greater your money will be the more you become a spender. I dont really know the explanation in that but it is true. I think we are created that way.

it's human's natural behaviour and however it's given to you from your birth and if you're doing so it's really natural,human always in need and even already fulfilled they will feel it's not enough and gonna reach the higher level,that's the actual explanation that makes rich man spending a lot money than the poor

Oh yeah? That doesn't means most of those rich man always spend their money to the most, as i observe particularly in urban areas and provinces i myself seen those average level and poor people were keeping family party to the maximum during their restday they have drinking and eating session. So both rich and poor man has their own will to manage their money. For me as a person with job, i will spend and mange my money wisely to things which is needed for the family least priority to material things and partying if theres a celebration.

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Quote from: goinmerry on October 20, 2016, 03:50:55 AM

Quote from: Doms on October 20, 2016, 03:41:15 AM

Each of us has different spending habits and patterns plus we have different incomes so the best answer to the best way of managing money is up to the individual. If a person can live below his means, then he can save more than those who earn bigger than him but spends everything and more. Managing money involves a lot of discipline and wise decision making on what are important and what are just unnecessary expenses.

You mean contentment. I dont think that can happen. The greater your money will be the more you become a spender. I dont really know the explanation in that but it is true. I think we are created that way.

it's human's natural behaviour and however it's given to you from your birth and if you're doing so it's really natural,human always in need and even already fulfilled they will feel it's not enough and gonna reach the higher level,that's the actual explanation that makes rich man spending a lot money than the poor

bamboylee

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Quote from: goinmerry on October 20, 2016, 03:50:55 AM

Quote from: Doms on October 20, 2016, 03:41:15 AM

Each of us has different spending habits and patterns plus we have different incomes so the best answer to the best way of managing money is up to the individual. If a person can live below his means, then he can save more than those who earn bigger than him but spends everything and more. Managing money involves a lot of discipline and wise decision making on what are important and what are just unnecessary expenses.

You mean contentment. I dont think that can happen. The greater your money will be the more you become a spender. I dont really know the explanation in that but it is true. I think we are created that way.

That is true. That is true to myself too. Back when I am still getting way lower amount, I barely make both ends meet. Now that I have an extra income in bitcoin, I still barely make both ends meet. I have bigger monthly income now, but I also have bigger expenses.

goinmerry

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Quote from: Doms on October 20, 2016, 03:41:15 AM

Each of us has different spending habits and patterns plus we have different incomes so the best answer to the best way of managing money is up to the individual. If a person can live below his means, then he can save more than those who earn bigger than him but spends everything and more. Managing money involves a lot of discipline and wise decision making on what are important and what are just unnecessary expenses.

You mean contentment. I dont think that can happen. The greater your money will be the more you become a spender. I dont really know the explanation in that but it is true. I think we are created that way.

Aamir1

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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.

The biggest thing is to have a income that can be divided into two parts, one for expenditures and second one for saving, if someone has an income which cannot be enough even for his expenditures then he would probably not be able to save anything, though managing the money while spending is needed but if someone does not have anything extra he would not be able to manage them to save something out if it.

Doms

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Each of us has different spending habits and patterns plus we have different incomes so the best answer to the best way of managing money is up to the individual. If a person can live below his means, then he can save more than those who earn bigger than him but spends everything and more. Managing money involves a lot of discipline and wise decision making on what are important and what are just unnecessary expenses.

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