Best way to manage money? - page 28.

amacar2

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Quote from: Noctis Connor on September 10, 2016, 01:02:06 PM

In easy way of you want to manage your money try to deposit your money to bank to hold your money so that you gonna not to spens it for nothing because i believe that someday you gonna need cash for some reason i love saving money for purposes or in my future.

Even depositing in bank is not enough to guarantee you will not use those cash for daily expenses, i spend most of my cash with my card connected to my bank account. So depositing in bank, is just like to deposit to spend daily. Grin

dandroid

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Making budget is a good idea as it keeps the record of money to be spent and using credit cards is something like losing your money . Banks make you pay more. One more thing that could be opted is investing money in parts that will help you to have secondary income without much risk.

trinaldao

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Quote from: Noctis Connor on September 10, 2016, 01:02:06 PM

In easy way of you want to manage your money try to deposit your money to bank to hold your money so that you gonna not to spens it for nothing because i believe that someday you gonna need cash for some reason i love saving money for purposes or in my future.

im do it and i get some interest permonth, it's not only save our money, i think save money at bank can called as invest at fiat currency too.
the problem is inflation of fiat usually stable at rise in each year.

ajun96

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Quote from: crossabdd on September 10, 2016, 12:08:58 PM

Quote from: Aamir1 on September 10, 2016, 11:52:32 AM

Quote from: kim.apps on September 09, 2016, 03:55:43 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 the simple life you will be more efficient and do not live lavishly. because if you want a simple life and not much desire I'm sure you could save a lot of money. because you will not waste your money to buy something that does not need just because you want it

nova-rider

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The way to manage your money is that you have to know that you must save also some money and that would be nice so you will not lose any money and that is nice . But to earn some money you have to make an investment and that can be bad if you are selling it on the wrong moment..

Crazygreek

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Saving. People who know how to save money, always good with it, never need to take loans, borrowing and other stuff, you just living without money problem.

betlord90

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Quote from: soros017 on September 10, 2016, 01:24:44 PM

The best way to manage money is create plan to avoid waste, and also your power of will is really needed to controll yourself. With this two simple steps i am managing my money.

Yes that is good way how to manage money avoid wasting and self control for you to earn money. Because if they have not self control they buy or wasting money in different way like buying things that they do not need or sometime they do gambling if their a lot of money. Self control that is the best way for you to earn and save money.

bluechipinvestor

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what i do is that i always keep an emergency money in the bank with my bank card so it is always at hand for cases of emergency and each month i deduct my expenses and spend that money and if by any chance there is anything left over i would invest it , most probably in bitcoin.

soros017

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The best way to manage money is create plan to avoid waste, and also your power of will is really needed to controll yourself. With this two simple steps i am managing my money.

crairezx20

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Quote from: Noctis Connor on September 10, 2016, 01:02:06 PM

In easy way of you want to manage your money try to deposit your money to bank to hold your money so that you gonna not to spens it for nothing because i believe that someday you gonna need cash for some reason i love saving money for purposes or in my future.

Yeah thats a good idea that it is better to always save your money in to the bank that you can not spend it so that in the future you have already a capital to start a business or what ever you want to do with your money that can help you to be more rich in the future..

Noctis Connor

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In easy way of you want to manage your money try to deposit your money to bank to hold your money so that you gonna not to spens it for nothing because i believe that someday you gonna need cash for some reason i love saving money for purposes or in my future.

Yakamoto

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The best way to manage money is definitely to make a budget and start to follow it, so that way you can consistently save money (or at least keep track of your expenses) and manage your money effectively. It is far better to have a specific amount of money set aside constantly for a specific bill or whatever than it is to haphazardly just give out whatever amount.

Carlsen

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For managing money, I have a list.
I note on it everything I give out. And mark the unnecessary things I bought at the end of the month with a big red marker.
For the future I try not to buy that kind of thing again. Of course that does not always work, because life hast to make some kind of fun, too.
And for the present I sell some of stuff where I think I would not make too much loss.
At the end of the year, I usually have some saving. That I put into a relatively safe investment.

xavier77

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Xavier

I am still a student and don't earn myself. However, I would like to share my family's strategy to saving money:
1. For every good thing happening to you, put 1$ into a piggy bank. Any trivial happiness counts too. Don't break the piggy bank anytime you desire. It is for the moments when you are in distress. All the happiness you put in the piggy bank will counter the despair you are in.
2. Always find a way to lend money to a trusted friend. Only one friend should be lent. Also, he must be trusted one and not a cheat who refuses to pay back. When you need help, he would either return you or would lend you without any doubts.
3. When you have 50$+ in your pocket and go shopping or buying snacks, spend 15$ or so and tip a beggar about 1$ or so. What it does is show you how valuable a $ is. You won't spend the full 50$ that day.
4. Always consider your parent's opinions on spending money.

crossabdd

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Quote from: Aamir1 on September 10, 2016, 11:52:32 AM

Quote from: kim.apps on September 09, 2016, 03:55:43 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.

Aamir1

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Quote from: kim.apps on September 09, 2016, 03:55:43 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.

Kotone

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Quote from: tommorisonwebdesign on March 16, 2016, 01:16:10 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?

People nowadays are showing some interest on bitcoin that's why they asking people too who know's about bitcoin already they asking or getting some knowledge to those "professional when it come to bitcoin" How to earn bitcoin is just earning from real world if you dont find ways to earn then you don't find ways too on how to earn bitcoin same as money Roll Eyes

X-ray

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Quote from: blackmachinegun on September 10, 2016, 08:35:58 AM

Quote from: resilientknight on September 09, 2016, 02:05:03 AM

It's important that you be aware that it's hard to earn money and you must save and manage your money every time, so you need to have saving and an investment as well.

I think everyone knows that to make money is a difficult thing. but they still do a waste of what they get? I think it needs a faith and discipline of every person to save their money properly. Of course you'll need a storage plan for it

people are often easily spending money even they're working hard for the money,it's human's behaviour and everyone always having this kind of behaviour since they was child but i can be hold by managing the money as you say it's also need a faith and discipline so i think there's nothing wrong with this

blackmachinegun

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Quote from: resilientknight on September 09, 2016, 02:05:03 AM

It's important that you be aware that it's hard to earn money and you must save and manage your money every time, so you need to have saving and an investment as well.

I think everyone knows that to make money is a difficult thing. but they still do a waste of what they get? I think it needs a faith and discipline of every person to save their money properly. Of course you'll need a storage plan for it

dunfida

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Quote from: carlfebz2 on September 09, 2016, 09:59:14 PM

Quote from: groll on September 08, 2016, 04:40:05 AM

Quote from: chaser15 on September 08, 2016, 04:19:58 AM

Quote from: Leonard2016 on September 08, 2016, 12:08:09 AM

best way of managing money is investing it becasues if your money is not in form of cash and available to you, they you would not spend it without thinking. that way you have your money put in a good investment and making more money from it but also it is safe and out of your reach to waste.

Investment is an option and can't be considered as ways to manage the money "generally".

Managing the money only covered those money in hand on how will you use it to make enough to cover your daily needs.

The term in investment thing should be "managing the money in investment". It has an own aspect and different from the general term of "managing the money".

Yes investment could be considered as ways on how to grow your money. And actually it could be also part of the plan on how person will manage his money. Like he would save some of it and then when he have enough he could buy some stocks or buy some mutual funds as an investment. And to be able to have savings he need to be really aggressive on where his money goes. Like having a list of his daily expenses.

This is the best way on how you manage your money you must list your daily expenses which you could have always a preference. more investments and diversify it would surely give you potential profits which you could also make a saving and pile up on long time and build or invest another business. Thats how it goes and continue for sure you would no have problem in financial things.

I agree with you we must have a list regarding on our spending so that we would have an idea on what we should do next and we must limit our spendings on non important things with this method we could save even more and could be used on future purposes. Diversifying is also good.

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