Topic: Best way to manage money? - page 20. (Read 61127 times)
You really need to be disciplined and to save money as much as you can, not spend unwisely and be left without a money pot when you need to have a pension. Many pension plans are getting eroded or are disappearing o you need to make sure you build your nest egg before you are left on the streets in old age.
Minimize your spending and maximize your savings, that'st the only way to manage your money and you do not need to make other method as that is just very simple.
No, it's not that simple... Every one of us has his own lifestyle, including the practices that we inherit from our parents, now, if our parents has a difficulty in managing money or receive only enough for a living, for sure, that's the first thing that we will adopt, and it's only you who can make a difference when you can already feel that there is something wrong with the way your family manages your money... But it takes time and sometimes never happen if when the same situation as your parents is happening to you, for sure, their way will be the easiest... To make it short, "lifestyle" and "status" that's where we all differ when it comes to managing our money..
Minimize your spending and maximize your savings, that'st the only way to manage your money and you do not need to make other method as that is just very simple.
Simple? It just sounds easy but you can't applied to that to every person here since we all have different earnings and status of living in our life.
Learn all those things first around the money status of a person or family to be able to know how uch they will save because only themselves will know the appropriate answer.
Minimize your spending and maximize your savings, that'st the only way to manage your money and you do not need to make other method as that is just very simple.
That may seem silly, but combine it with other options, like maybe a ShapeShift TX and you can have BTC automatically sent from the “holding” account when it reaches 1 BTC and hit a ShapeShift TX where it is changed to Doge or whatever. It is a silly example, because the fees would eat you alive, but just an example of what can be done without touching anything.
I think the best way for me might not be the best for someone else. We all live different lives and we have different strategies that can work for us. What I do is set a long term goal so that I could manage money properly. I try to delay the gratification that I'll get because it always feels better to get something that you really worked hard for for a long time.
A long term goal is kind of hard to someone else. Yes just like you said. We differ in how we manage it. Some are not that patient to wsit for a long time and itching to get faster money. They want to feel the income at a fast pace which is wrong.You have a point, people do have lots of money still have always the advantage to make long term investments or even on both short or long since they could easily put up money with ease unlike to those people who have only an exact money to invest thats why its really hard to manage on which term you would prefer to earn profits .
But, the account that you withdraw too could have a nice smart contract set up. They might be hard to use on an exchange, but that withdraw account can be set up where when the balance goes above a certain amount it automatically sends BTC to another.
If you can manage to get Bitcoin every week then the best thing to do with it is just keep it in your Bitcoin wallet, don't ever think about using it in gambling and just collect it every week. Then just exchange it to flat money when the the price of Bitcoin is Doubled or tripled from the time you started to collect it. In this way you will profit and you will not lose any money.
This is a good way to manage your money. So you must have set a goal that every week you are going to have something or save any amount on your bitcoin wallet. And if you do manage to do that weekly for sure you are going to be a good saver and you can have a list of the things that you are going to spend your money so that you can manage properly your expenditures too.
If you can manage to get Bitcoin every week then the best thing to do with it is just keep it in your Bitcoin wallet, don't ever think about using it in gambling and just collect it every week. Then just exchange it to flat money when the the price of Bitcoin is Doubled or tripled from the time you started to collect it. In this way you will profit and you will not lose any money.
I think the best way for me might not be the best for someone else. We all live different lives and we have different strategies that can work for us. What I do is set a long term goal so that I could manage money properly. I try to delay the gratification that I'll get because it always feels better to get something that you really worked hard for for a long time.
A long term goal is kind of hard to someone else. Yes just like you said. We differ in how we manage it. Some are not that patient to wsit for a long time and itching to get faster money. They want to feel the income at a fast pace which is wrong.You have a point, people do have lots of money still have always the advantage to make long term investments or even on both short or long since they could easily put up money with ease unlike to those people who have only an exact money to invest thats why its really hard to manage on which term you would prefer to earn profits .
Making a budget is a very nice way of managing your money I don't know any other way actually so I might not be the best to ask.
But so far it's been working out great for me I know how much i NEED every month and how much i have left.
But so far it's been working out great for me I know how much i NEED every month and how much i have left.
I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.
In theory this sounds like a very good idea. But in reality it is very difficult to save a significant amount of money, unless you are having a very well paid job, in addition to a few other revenue sources. Also, saving money is quite risky in unstable countries such as Venezuela and Ukraine. You will never know when your national currency is going to get devalued.
Well you could argue about this. For alot of people his tip is a very good one since they do have some money left at the end of the month which is blown away by minimal costs they could potentially avoid.
Investment diversification is really important, and it's good to have part of the portfolio in BTC. I think it's the most stable investment in the crypto space.
I think if you want to try investing you should formulate a plan first. because you have to count the money should you save if there are remaining for the money you save you can then allocate them to invest.so I suggested make a plan first
Yes you are right it might be better not to use a credit card because it is very difficult to repay. If you're rich may be able to use credit cards but if barely fit better not to use because it is very risky. To manage the money in my opinion quite reserving 30% of income for long-term savings, it would be useful for long-term savings.
I think the best way for me might not be the best for someone else. We all live different lives and we have different strategies that can work for us. What I do is set a long term goal so that I could manage money properly. I try to delay the gratification that I'll get because it always feels better to get something that you really worked hard for for a long time.
A long term goal is kind of hard to someone else. Yes just like you said. We differ in how we manage it. Some are not that patient to wsit for a long time and itching to get faster money. They want to feel the income at a fast pace which is wrong.You have a point, people do have lots of money still have always the advantage to make long term investments or even on both short or long since they could easily put up money with ease unlike to those people who have only an exact money to invest thats why its really hard to manage on which term you would prefer to earn profits .
I think the best way for me might not be the best for someone else. We all live different lives and we have different strategies that can work for us. What I do is set a long term goal so that I could manage money properly. I try to delay the gratification that I'll get because it always feels better to get something that you really worked hard for for a long time.
A long term goal is kind of hard to someone else. Yes just like you said. We differ in how we manage it. Some are not that patient to wsit for a long time and itching to get faster money. They want to feel the income at a fast pace which is wrong.I think the best way for me might not be the best for someone else. We all live different lives and we have different strategies that can work for us. What I do is set a long term goal so that I could manage money properly. I try to delay the gratification that I'll get because it always feels better to get something that you really worked hard for for a long time.
A long term goal is kind of hard to someone else. Yes just like you said. We differ in how we manage it. Some are not that patient to wsit for a long time and itching to get faster money. They want to feel the income at a fast pace which is wrong.
I think the best way for me might not be the best for someone else. We all live different lives and we have different strategies that can work for us. What I do is set a long term goal so that I could manage money properly. I try to delay the gratification that I'll get because it always feels better to get something that you really worked hard for for a long time.
I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.
In theory this sounds like a very good idea. But in reality it is very difficult to save a significant amount of money, unless you are having a very well paid job, in addition to a few other revenue sources. Also, saving money is quite risky in unstable countries such as Venezuela and Ukraine. You will never know when your national currency is going to get devalued.
Well, you can save money and then change it into USD or EUR or any other stable currency you like. This way it's not as risky anymore. Another option is buying silver. You can't spend anymore unless you really need it (crisis).
Holding your bitcoins is going to be best way to manage your bitcoins. But if we are going to talk about management of your fiat money. For me you need to know the things that you are going to spent your money and have a list of them so that you are going to know how you are going to buy the things you need properly and you can save money with it.
I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.
In theory this sounds like a very good idea. But in reality it is very difficult to save a significant amount of money, unless you are having a very well paid job, in addition to a few other revenue sources. Also, saving money is quite risky in unstable countries such as Venezuela and Ukraine. You will never know when your national currency is going to get devalued.
Well, you can save money and then change it into USD or EUR or any other stable currency you like. This way it's not as risky anymore. Another option is buying silver. You can't spend anymore unless you really need it (crisis).
The best way is to save 20 percent of your monthly income as savings.
Of the 20 percent, 10 percent must be saved as fixed for future use and the other 10 percent must be saved for sudden expences like medical,etc
Of the 20 percent, 10 percent must be saved as fixed for future use and the other 10 percent must be saved for sudden expences like medical,etc
Jump to: