Best way to manage money? - page 26.

bamboylee

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Quote from: goldcoinminer on September 14, 2016, 02:18:20 AM

Quote from: bamboylee on September 14, 2016, 01:09:18 AM

Quote from: BitcoinPanther on September 14, 2016, 12:11:30 AM

Quote from: resilientknight on September 13, 2016, 11:46:55 PM

The best way is to find more efficient alternatives to use your money, without spending on things that could be avoided and having savings to take advantage of opportunities that may bring you better returns in the future.

I agree, it is best to know the things that is really needed and those that are less important be set aside. another approach is separate 10% to savings and use the remaining for the monthly budgets. This might be a bit hard if you are not used to doing it but you will find it will be a life saver in the future.

You cannot deny that you need to have a savings. But if you have very limited budget or income, it is hard to constantly save on payday. The only way to get a steady saving is increase your income. Fortunately, bitcoin can provide some extra income. And if you know how to do cryptotrading, there is more money you can get. You are not limited from what you earn from your day job.

That is not an excuse because I believe that we can still save even if we are not receiving a big amount of income, we just have to be discipline and focus on our goals, if you cannot save in small amount you will not be successful in bigger because you will eventually change your standard way of living.

That is just easy to say, but really hard to do especially if you barely have enough for your basic needs. You cannot remove basic needs like food, shelter and medicine. You need them to survive daily. Like in our country, the basic salary is way lower than what is needed to live a decent lives. And some people does not even receive minimum salary.

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Quote from: Mr. Big on September 14, 2016, 09:37:42 PM

Quote from: soros017 on September 14, 2016, 09:32:39 PM

I believe that the key elements, for you to manage your money in a better way, are planning and self-control, to reduce spending. If you strive to have these requirements, surely will be able to efficiently manage your money.

Yeah, along with those two, a never ending same lifestyle as before will help... That way you won't be buying new things, and new foods, except if those that you will buy will make your living better...It's not easy at first when you starting it out, but as days pass and you are doing the same routine and eating the same foods, you'll get used to it and for sure you won't be having a lot of computation when it comes to spending money and there will always be a spare each month before your salary arrive...

Budget adjustments and limit spending on unnecessary thing would really a big help in able to spare money to put on saving on banks or storage. As you said we should buy only our primary needs and other things that are substantial to our living. We really get used to it if we implement it everyday routine.

Mr. Big

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Quote from: soros017 on September 14, 2016, 09:32:39 PM

I believe that the key elements, for you to manage your money in a better way, are planning and self-control, to reduce spending. If you strive to have these requirements, surely will be able to efficiently manage your money.

Yeah, along with those two, a never ending same lifestyle as before will help... That way you won't be buying new things, and new foods, except if those that you will buy will make your living better...It's not easy at first when you starting it out, but as days pass and you are doing the same routine and eating the same foods, you'll get used to it and for sure you won't be having a lot of computation when it comes to spending money and there will always be a spare each month before your salary arrive...

soros017

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I believe that the key elements, for you to manage your money in a better way, are planning and self-control, to reduce spending. If you strive to have these requirements, surely will be able to efficiently manage your money.

vero

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Quote from: resilientknight on September 13, 2016, 11:46:55 PM

The best way is to find more efficient alternatives to use your money, without spending on things that could be avoided and having savings to take advantage of opportunities that may bring you better returns in the future.

i guess bitcoin can help you to manage money at least when you know about trading bitcoin it will make you a little busy then with indirectly you will not spend money on something unnecessary.

newcoins1978

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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?

You need to save a percentage of every earning that you get that is how I manage my money. I know exactly what I am earning and how much I have to pay.
If you keep these things in check then you should be able to manage your money. sd

goldcoinminer

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Quote from: bamboylee on September 14, 2016, 01:09:18 AM

Quote from: BitcoinPanther on September 14, 2016, 12:11:30 AM

Quote from: resilientknight on September 13, 2016, 11:46:55 PM

The best way is to find more efficient alternatives to use your money, without spending on things that could be avoided and having savings to take advantage of opportunities that may bring you better returns in the future.

I agree, it is best to know the things that is really needed and those that are less important be set aside. another approach is separate 10% to savings and use the remaining for the monthly budgets. This might be a bit hard if you are not used to doing it but you will find it will be a life saver in the future.

You cannot deny that you need to have a savings. But if you have very limited budget or income, it is hard to constantly save on payday. The only way to get a steady saving is increase your income. Fortunately, bitcoin can provide some extra income. And if you know how to do cryptotrading, there is more money you can get. You are not limited from what you earn from your day job.

That is not an excuse because I believe that we can still save even if we are not receiving a big amount of income, we just have to be discipline and focus on our goals, if you cannot save in small amount you will not be successful in bigger because you will eventually change your standard way of living.

Luke2939

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The best way to manage money is to start keeping a track of your daily expense. You should be doing this and If any asks you about your expenses, say monthly or weekly, you should be able to say a clear amount based on your experience in tracking your expenditure. Then you'll have to save 10 to 20% of your income. Set this amount aside as soon as you get your Income or Salary or Profits.

Analyze your expenditures per month and try to eliminate the unnecessary expense and set a goal regarding cutting down your unwanted expense. Don't get too stingy. And Don't overspend at the same time.

And when it comes to Credit card, it's best to use them to gain the points and other benefits rather than purely going for the credit, if you don't have enough money with you to purchase an item, do not go for it.

bamboylee

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Quote from: BitcoinPanther on September 14, 2016, 12:11:30 AM

Quote from: resilientknight on September 13, 2016, 11:46:55 PM

The best way is to find more efficient alternatives to use your money, without spending on things that could be avoided and having savings to take advantage of opportunities that may bring you better returns in the future.

I agree, it is best to know the things that is really needed and those that are less important be set aside. another approach is separate 10% to savings and use the remaining for the monthly budgets. This might be a bit hard if you are not used to doing it but you will find it will be a life saver in the future.

You cannot deny that you need to have a savings. But if you have very limited budget or income, it is hard to constantly save on payday. The only way to get a steady saving is increase your income. Fortunately, bitcoin can provide some extra income. And if you know how to do cryptotrading, there is more money you can get. You are not limited from what you earn from your day job.

TraderETH

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Although i am bad in managing money, but i have tried to wrote my management of money on paper and always saw it if i will use the money or will making open position in trading and it is a little worked.

BitcoinPanther

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Quote from: resilientknight on September 13, 2016, 11:46:55 PM

The best way is to find more efficient alternatives to use your money, without spending on things that could be avoided and having savings to take advantage of opportunities that may bring you better returns in the future.

I agree, it is best to know the things that is really needed and those that are less important be set aside. another approach is separate 10% to savings and use the remaining for the monthly budgets. This might be a bit hard if you are not used to doing it but you will find it will be a life saver in the future.

doomistake

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You're right, budgeting is one of the effective ways in managing money. But you can also include the checklist, I mean the lists that you're gonna but, the things that you want and need, and the things that you need in your everyday life and so on. And if you have a family, I think it is better if you priority the needs of your family than your needs to manage your money well. Family first before anything else.

resilientknight

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The best way is to find more efficient alternatives to use your money, without spending on things that could be avoided and having savings to take advantage of opportunities that may bring you better returns in the future.

stadus

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Quote from: madwica on September 13, 2016, 08:18:15 PM

Quote from: blackmachinegun on September 13, 2016, 06:57:42 PM

Quote from: crossabdd on September 10, 2016, 11:08:58 AM

Quote from: Aamir1 on September 10, 2016, 10:52:32 AM

Quote from: kim.apps on September 09, 2016, 02:55:43 PM

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.

That is obviously the way of saving but the problems comes if you are not patient and spend your money everywhere without thinking about saving something and later on you realize you have spent all and has nothing to save now.

trying to think of a simple life, and right, buy what you need, not what you want. this is good to manage your money.

yeah I think everybody wants a simple life and simple buy what they need and may occasionally buy items that you want. but human greed is the most difficult to hold? I'm sure everyone has the properties wasteful to continue shopping? The most difficult thing on hold

Mostly of the people spend their money in the things they not need in their life, mostly of those people are coming in rich family. It is hard to manage the money if you do not have enough money to manage but there are people even they have limited budget and they can make it exact in their needs.

I think you should be more concern on managing your money if you do not have enough money, you need to know how to prioritize things and it should be your needs that should be given emphasis over your wants. Regardless of how much we make, we need to learn how to manage our money.

techfm86

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Certainly the best way to manage your money is to avoid unnecessary expenses and always seeking to minimize costs, by buying things with quality, which at the same time do not have a very high price. Save some money is also important, it can be of great help later.

madwica

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Quote from: blackmachinegun on September 13, 2016, 06:57:42 PM

Quote from: crossabdd on September 10, 2016, 11:08:58 AM

Quote from: Aamir1 on September 10, 2016, 10:52:32 AM

Quote from: kim.apps on September 09, 2016, 02:55:43 PM

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.

That is obviously the way of saving but the problems comes if you are not patient and spend your money everywhere without thinking about saving something and later on you realize you have spent all and has nothing to save now.

trying to think of a simple life, and right, buy what you need, not what you want. this is good to manage your money.

yeah I think everybody wants a simple life and simple buy what they need and may occasionally buy items that you want. but human greed is the most difficult to hold? I'm sure everyone has the properties wasteful to continue shopping? The most difficult thing on hold

Mostly of the people spend their money in the things they not need in their life, mostly of those people are coming in rich family. It is hard to manage the money if you do not have enough money to manage but there are people even they have limited budget and they can make it exact in their needs.

blackmachinegun

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Quote from: crossabdd on September 10, 2016, 11:08:58 AM

Quote from: Aamir1 on September 10, 2016, 10:52:32 AM

Quote from: kim.apps on September 09, 2016, 02:55:43 PM

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.

That is obviously the way of saving but the problems comes if you are not patient and spend your money everywhere without thinking about saving something and later on you realize you have spent all and has nothing to save now.

trying to think of a simple life, and right, buy what you need, not what you want. this is good to manage your money.

yeah I think everybody wants a simple life and simple buy what they need and may occasionally buy items that you want. but human greed is the most difficult to hold? I'm sure everyone has the properties wasteful to continue shopping? The most difficult thing on hold

Positid

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Quote from: ajun96 on September 13, 2016, 05:50:41 AM

Quote from: John Constantine on September 11, 2016, 09:40:04 PM

Probably the best thing, before you're going to make an investment, is to also save some money, otherwise that may not be good for later, and this can also be risky for yourself..

I think you should give priority to save first before trying to invest. because the investment have a risks that might make you lose
first try to save after you pretty good in the store. and quite a lot of your money in your wallet you can try investing?

Exactly, how can you invest if you do not have the right savings, we know investing is risky and we need to have the money that we can afford to lose to be use in investing. This is a step by step procedure where you need to prove yourselves first if you can save then plan for investment if you are successful in savings.

ajun96

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Quote from: John Constantine on September 11, 2016, 09:40:04 PM

Probably the best thing, before you're going to make an investment, is to also save some money, otherwise that may not be good for later, and this can also be risky for yourself..

I think you should give priority to save first before trying to invest. because the investment have a risks that might make you lose
first try to save after you pretty good in the store. and quite a lot of your money in your wallet you can try investing?

hakanbalta577

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Quote from: Fraxinus on September 12, 2016, 07:38:40 AM

Keep a journal about it and write your expenses and the profit you are making and after some time you will be able to see some patterns which will be really easy to see.All you need to do from there is change your habits and cut your expenses so you can save more and be more organized.
That's a proven way for sure.

Yes writing about all the expenses that you have made is the best thing to do to manage your money.First you need to plan how much you gonna spent and how much you want to save and then write about it and make changes according to your needs and see if you can save something some out of those.

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