Best way to manage money? - page 2. | Bitcointalksearch.org

uneng

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Quote from: South Park on December 14, 2016, 12:11:56 PM

Quote from: Zadicar on December 14, 2016, 01:40:32 AM

Quote from: Maslate on December 14, 2016, 12:58:47 AM

Quote from: Dmitry.Vastov on December 13, 2016, 10:35:05 PM

Me, im just a simple person. I dont bring money if its not needed. I just bring money just enough for me to eat or have some fun. I dont really spend that much because i know its really hard to earn money. Stop using credit cards. You are only making yourself a graveyard because you are going to spend money and make your debts piling up. In the end, you are wearing rags and homeless.

I think if only people can really appreciate every money they earn. I think its their lifesaver.

Credit card are usually for convenience but there are people who does not see it that way, they always advance to buy something because they are tempted with their overwhelming credit limit until they forgot to follow their budget. It requires a lot of discipline and if you are easily tempted then better stay away from credit card, it will only give a negative effect in your life.

Having credit cards is not really a bad thing since it do really helps us on our daily living especially on our needs but there are really times that it would really tempt us to buy our wants using that card and its really hard to stop it especially you know that you could able to buy it with a single swipe. If you are a credit card holder then its better to follow your budget and dont waste off money because you will suffer in the end for sure.

The problem with credit cards is most people don't know how to use them, they buy things they don't need with credit cards and pay very high interest rates for something they could have bought by just applying money management skills.

That is why I don't want to have one. I don't like to buy things in credit, only debit. If I don't have the money I don't buy anything. And the interest you should pay over the credit card just make you lose money.
Best way to manage money is buying things in cash, cheaper stuff, extra economy for you!

South Park

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Quote from: Zadicar on December 14, 2016, 01:40:32 AM

Quote from: Maslate on December 14, 2016, 12:58:47 AM

Quote from: Dmitry.Vastov on December 13, 2016, 10:35:05 PM

Me, im just a simple person. I dont bring money if its not needed. I just bring money just enough for me to eat or have some fun. I dont really spend that much because i know its really hard to earn money. Stop using credit cards. You are only making yourself a graveyard because you are going to spend money and make your debts piling up. In the end, you are wearing rags and homeless.

I think if only people can really appreciate every money they earn. I think its their lifesaver.

Credit card are usually for convenience but there are people who does not see it that way, they always advance to buy something because they are tempted with their overwhelming credit limit until they forgot to follow their budget. It requires a lot of discipline and if you are easily tempted then better stay away from credit card, it will only give a negative effect in your life.

Having credit cards is not really a bad thing since it do really helps us on our daily living especially on our needs but there are really times that it would really tempt us to buy our wants using that card and its really hard to stop it especially you know that you could able to buy it with a single swipe. If you are a credit card holder then its better to follow your budget and dont waste off money because you will suffer in the end for sure.

The problem with credit cards is most people don't know how to use them, they buy things they don't need with credit cards and pay very high interest rates for something they could have bought by just applying money management skills.

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Quote from: virasog on December 11, 2016, 12:02:06 AM

Quote from: Mr.grin on December 07, 2016, 12:14:55 PM

Quote from: Qunenin on December 07, 2016, 12:07:36 PM

Quote from: bitcoinisbest on December 07, 2016, 07:27:13 AM

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

This may be one way to be attempted. Well, lately I organize my finances poorly. so, I'm looking for ways to manage finances are good here, and I felt that I was too wasteful in using the money. maybe a little investment would make it better

If a person can distinguish between "need" and "want" and then spend money accordingly, he/she will be able to manage money properly. Always save a percentage of your income for future emergencies. After saving, only then spend on your needs.

But sometimes for spending a happy life the 'wants' are also much beneficial to fulfill as without that the life become dull and without luxuries life often give many problems like inconvenience like if you only rely in a smaller house with nothing in there just some goods for basic needs then life there often lead to sickness.

Zadicar

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Quote from: Maslate on December 14, 2016, 12:58:47 AM

Quote from: Dmitry.Vastov on December 13, 2016, 10:35:05 PM

Me, im just a simple person. I dont bring money if its not needed. I just bring money just enough for me to eat or have some fun. I dont really spend that much because i know its really hard to earn money. Stop using credit cards. You are only making yourself a graveyard because you are going to spend money and make your debts piling up. In the end, you are wearing rags and homeless.

I think if only people can really appreciate every money they earn. I think its their lifesaver.

Credit card are usually for convenience but there are people who does not see it that way, they always advance to buy something because they are tempted with their overwhelming credit limit until they forgot to follow their budget. It requires a lot of discipline and if you are easily tempted then better stay away from credit card, it will only give a negative effect in your life.

Having credit cards is not really a bad thing since it do really helps us on our daily living especially on our needs but there are really times that it would really tempt us to buy our wants using that card and its really hard to stop it especially you know that you could able to buy it with a single swipe. If you are a credit card holder then its better to follow your budget and dont waste off money because you will suffer in the end for sure.

Maslate

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Quote from: Dmitry.Vastov on December 13, 2016, 10:35:05 PM

Me, im just a simple person. I dont bring money if its not needed. I just bring money just enough for me to eat or have some fun. I dont really spend that much because i know its really hard to earn money. Stop using credit cards. You are only making yourself a graveyard because you are going to spend money and make your debts piling up. In the end, you are wearing rags and homeless.

I think if only people can really appreciate every money they earn. I think its their lifesaver.

Credit card are usually for convenience but there are people who does not see it that way, they always advance to buy something because they are tempted with their overwhelming credit limit until they forgot to follow their budget. It requires a lot of discipline and if you are easily tempted then better stay away from credit card, it will only give a negative effect in your life.

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Me, im just a simple person. I dont bring money if its not needed. I just bring money just enough for me to eat or have some fun. I dont really spend that much because i know its really hard to earn money. Stop using credit cards. You are only making yourself a graveyard because you are going to spend money and make your debts piling up. In the end, you are wearing rags and homeless.

I think if only people can really appreciate every money they earn. I think its their lifesaver.

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Quote from: socks435 on December 13, 2016, 12:45:48 PM

Quote from: crwth on December 13, 2016, 12:16:24 PM

It's nice to see people are into managing money. Some of my friends are not so great at it. They just spend and spend until they ran out then say they don't have money.

For me, the best way to manage now is to challenge yourself into saving money (Because I'm a competitive guy better to compete with a friend or someone you have a relationship with) it's better to start in 2017 now. January for example, $200 then February, $300 and so on.

Saving is one of the best thing in managing money because you get a benefits if you save.. and you should have a goal like mine if i save $10000 usd i will start a business which is buying tools for cellphone and computer this is what i actually gradually buying right now with bitcoin with my local business that honestly bitcoin is given me a chance to increase my tools for repairing phones and laptops.

This is a good strategy, to have a private business can be a risky choice, but very profitable if you know what you are doing and if people around you are interested in your services. $10000 is a lot of money, almost 13 BTCs, it's a big investment, I hope you get it and make wealth with your project.

I'm saving money too to start my little business, I don't need much, I want to start low and increase the business with the time, about $300-$400 for me is enough. I want to start breeding some animals and make profit with this.

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Quote from: Shady on December 13, 2016, 09:05:47 PM

Cryptocurrencies are a wise investment themselves, although dividend stocks or currency trade would boast when learned. Investing can take a few years to learn and then a few years to master with riches (or a small profit for beginners.) so be careful.

Try with a smaller amount to better your chances long term with periodic reinvestment.

It could be risky but it's the best investment IMO, we can earn more money here when our investment succeed and we just need to spend small amount of money as our capital, the beginning of great things is here.

Shady

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Life is a game, you either play it or get played.

Cryptocurrencies are a wise investment themselves, although dividend stocks or currency trade would boast when learned. Investing can take a few years to learn and then a few years to master with riches (or a small profit for beginners.) so be careful.

Try with a smaller amount to better your chances long term with periodic reinvestment.

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Quote from: crwth on December 13, 2016, 12:16:24 PM

It's nice to see people are into managing money. Some of my friends are not so great at it. They just spend and spend until they ran out then say they don't have money.

For me, the best way to manage now is to challenge yourself into saving money (Because I'm a competitive guy better to compete with a friend or someone you have a relationship with) it's better to start in 2017 now. January for example, $200 then February, $300 and so on.

Saving is one of the best thing in managing money because you get a benefits if you save.. and you should have a goal like mine if i save $10000 usd i will start a business which is buying tools for cellphone and computer this is what i actually gradually buying right now with bitcoin with my local business that honestly bitcoin is given me a chance to increase my tools for repairing phones and laptops.

crwth

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It's nice to see people are into managing money. Some of my friends are not so great at it. They just spend and spend until they ran out then say they don't have money.

For me, the best way to manage now is to challenge yourself into saving money (Because I'm a competitive guy better to compete with a friend or someone you have a relationship with) it's better to start in 2017 now. January for example, $200 then February, $300 and so on.

South Park

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I am terrible at Fantasy Football!!!

Quote from: OrangeII on December 10, 2016, 01:42:31 PM

Quote from: TheUltraElite on December 10, 2016, 12:03:37 PM

Quote from: funnyapple on December 09, 2016, 11:08:05 PM

So I have seen a lot of topics relating to different methods of managing money, but I found that we invest the money in properties and save the money in banks

Saving the money in banks wont be worth it, after all banks dont return good interest rates. Better method is to keep a good saving and then have some liquid cash - use the liquid cash to invest, trade and other expenses. If you cannot manage all that then you will never be able to manage your money.

Also it does require a lot of experience to manage money properly, so go easy and dont rush into things.

of the store all the money you have in the bank, it may be better if you invest some of the money that you have, or 10% of the income you get. Well, it's probably a very good plan. you only need to use 30-40% of the money you get for your need, 10% for investment or business, and 50% for you to save.

The percentages may vary depending in your lifestyle and your income but what you suggest is correct, but I will add the first thing you must do when you receive your paycheck is to save and invest, that way you will not have the temptation of spending more what you need.

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Quote from: Shenzou on December 11, 2016, 10:56:58 AM

Most of bitcoin users get bitcoin and then use it either for gambling or investing which are quit risky , the best way to mange your money is to now your needs and you know how to earn and spend money in a smart way , i personally used to waste money left and right on things that are considered optional until i came to realize that if i hold bitcoin and only spend some of it on the things i need the eventually i will increase my income .

Though i don't gamble nor i invest my bitcoins on any investment platform as i don't see any legit of them so i just earn them and cash out a part of it to be spent on myself and i keep the other part for future because as you said that will worth more in coming time.

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Most of bitcoin users get bitcoin and then use it either for gambling or investing which are quit risky , the best way to mange your money is to now your needs and you know how to earn and spend money in a smart way , i personally used to waste money left and right on things that are considered optional until i came to realize that if i hold bitcoin and only spend some of it on the things i need the eventually i will increase my income .

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Quote from: virasog on December 11, 2016, 12:02:06 AM

Quote from: Mr.grin on December 07, 2016, 12:14:55 PM

Quote from: Qunenin on December 07, 2016, 12:07:36 PM

Quote from: bitcoinisbest on December 07, 2016, 07:27:13 AM

Some of the points which I can think of includes but not restricted to it: -
learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

This may be one way to be attempted. Well, lately I organize my finances poorly. so, I'm looking for ways to manage finances are good here, and I felt that I was too wasteful in using the money. maybe a little investment would make it better

If a person can distinguish between "need" and "want" and then spend money accordingly, he/she will be able to manage money properly. Always save a percentage of your income for future emergencies. After saving, only then spend on your needs.

I agree if you know very well the difference between this two, needs and want, you never need a financial advisor Cheesy

. They are just leech to suck your money out because you have to pay them in every consultation you made. I would welcome them if they work for free. At the end of the day they are just business entity to make profit of the people who are looking for financial advice.

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Some of the basic rules work out bets while managing the money like do you budget planning, or if you prefer, set up a spending plan. To manage your money properly and get ahead financially, you need to spend less than you earn. Check your income regularly and ways to increase them . Then determine how much of your income is spent on monthly bills and necessities.

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Quote from: virasog on December 11, 2016, 12:02:06 AM

Quote from: Mr.grin on December 07, 2016, 12:14:55 PM

Quote from: Qunenin on December 07, 2016, 12:07:36 PM

Quote from: bitcoinisbest on December 07, 2016, 07:27:13 AM

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

This may be one way to be attempted. Well, lately I organize my finances poorly. so, I'm looking for ways to manage finances are good here, and I felt that I was too wasteful in using the money. maybe a little investment would make it better

If a person can distinguish between "need" and "want" and then spend money accordingly, he/she will be able to manage money properly. Always save a percentage of your income for future emergencies. After saving, only then spend on your needs.

Exactly knowing what is your needs and how you will control your self to use only the money for its purpose for sure you will be able to get something good in returned. It is your personal achievement if you will able to control your self spending your hard earn salary.

Xester

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Quote from: clickerz on December 10, 2016, 11:34:49 PM

Quote from: manbitcoinlover on December 10, 2016, 02:51:11 PM

Another good way to manage money is to contact a financial adviser that knows his stuff and that won't screw you over. If you get a healthy relationship between your financial adviser and you are already rich like 500 000 dollars + you should have no problem.

I agree with you, I myself has attended several Financial Literacy Seminars and it is best if you have known someone who is a Financial Advisor. You can consult your financial situation and he can give you several option to become financially able how to manage your finances and money,how to get rid of debt,investment and opportunities.

Financial adviser is good but if it is for free. If it is not then just list all you daily expenses up to the last penny so you can have data for analysis. Having a data is good so when you formulate your home economics you will know why and how you ended up a shortage. You can analyze how to make your budget enough or to lessen unnecessary expenses. After having known all your daily expense you can set up how much you will set aside for future use. Even a single penny or cent is important so better sure not to waste it.

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Quote from: Mr.grin on December 07, 2016, 12:14:55 PM

Quote from: Qunenin on December 07, 2016, 12:07:36 PM

Quote from: bitcoinisbest on December 07, 2016, 07:27:13 AM

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

This may be one way to be attempted. Well, lately I organize my finances poorly. so, I'm looking for ways to manage finances are good here, and I felt that I was too wasteful in using the money. maybe a little investment would make it better

If a person can distinguish between "need" and "want" and then spend money accordingly, he/she will be able to manage money properly. Always save a percentage of your income for future emergencies. After saving, only then spend on your needs.

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Quote from: manbitcoinlover on December 10, 2016, 02:51:11 PM

Another good way to manage money is to contact a financial adviser that knows his stuff and that won't screw you over. If you get a healthy relationship between your financial adviser and you are already rich like 500 000 dollars + you should have no problem.

I agree with you, I myself has attended several Financial Literacy Seminars and it is best if you have known someone who is a Financial Advisor. You can consult your financial situation and he can give you several option to become financially able how to manage your finances and money,how to get rid of debt,investment and opportunities.

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