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Topic: Best way to manage money? - page 30. (Read 61099 times)

hero member
Activity: 560
Merit: 500
September 07, 2016, 05:36:20 PM
Well, the best way to manage your own money is to have an efficient plan on what you are going to buy, and buy only what you really need. It seems something simple, but this actually works.
hero member
Activity: 1148
Merit: 504
September 07, 2016, 01:00:51 PM
I am managing my money since childhood.  I am good for that aspect. Everything my parents gave to me, I was able to kept it in my piggy bank before. And until now I am able to keep a portion of what I have earned.

Keeping a money is very an ideal characteristics of every individual. 

The basic thing of managing your money in a good way is patience, when you get the money don't just spend them on the things that you don't really need but you just want them, and save something out of that you that you can use them for something better in future.

That is one way of managing your money. Also, the other way is putting them to work or investing them so they can earn more money. I believe that managing money is not just making ends meet or saving. It also includes using them to make more money. Earning more makes its easier to make some savings or make ends meet.
member
Activity: 70
Merit: 10
September 07, 2016, 12:50:13 PM
It is not easy to manage a limited amount of money, but if you are a wise person, or try to be, it would be more easy for you to manage your own money. My advice is just save some part of it and don't waste money on things that is not really needed or not important.
hero member
Activity: 756
Merit: 500
September 07, 2016, 12:11:02 PM
I am managing my money since childhood.  I am good for that aspect. Everything my parents gave to me, I was able to kept it in my piggy bank before. And until now I am able to keep a portion of what I have earned.

Keeping a money is very an ideal characteristics of every individual. 

The basic thing of managing your money in a good way is patience, when you get the money don't just spend them on the things that you don't really need but you just want them, and save something out of that you that you can use them for something better in future.
hero member
Activity: 1008
Merit: 540
September 07, 2016, 12:00:29 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?
if you want to grow your money then change your money into bitcoin and start investing it in some trusted and long run investment website where you can easily earn more profit every month 5-10% for me is a bit profit for a starting employee if you are going to join is signature campaign then you can easily earn money and save it for the future.
sr. member
Activity: 434
Merit: 250
September 07, 2016, 10:03:26 AM
Just buy stuff if only you really need them and you will be fine. No need to get complex.

Saving money is complex if you like it or not. Yes you can do it in your way but you will not have most possible money because if you have alot of money saved its best to now safe it on a bank but invest in safe shares which give higher interest rate then the bank even if its not by much. This will give you max. amount of saving money
sr. member
Activity: 336
Merit: 250
September 07, 2016, 10:02:43 AM

yeah one's habits is to buy stuff they do not need but buy goods with what they want when they are not so in need of it? and they do waste and waste money unnecessarily because of it. I think you have to make improvements to this section dude


Actually it's not mistake to make such purchase of those things and stuffs you don't really need if you have some extra money on your pocket.

It will become a mistake if you are forcing myself to buy some extra stuffs you don't need even your budget is just enough to cover your daily needs.

Yes I agree with you.  It is not really a problem if you have money for those things but sometimes we become impulsive buyer.  We tend to buy things that we do not really need out of feelings.  We just get excited when we saw that it is 3 pieces for 100 or it os on 50%-70% sale.  And that is the mistake almost everyone make.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
September 07, 2016, 09:19:16 AM

yeah one's habits is to buy stuff they do not need but buy goods with what they want when they are not so in need of it? and they do waste and waste money unnecessarily because of it. I think you have to make improvements to this section dude


Actually it's not mistake to make such purchase of those things and stuffs you don't really need if you have some extra money on your pocket.

It will become a mistake if you are forcing myself to buy some extra stuffs you don't need even your budget is just enough to cover your daily needs.
full member
Activity: 140
Merit: 100
Pesobit, Simple Yet Useful Coin
September 07, 2016, 08:14:49 AM
I am managing my money since childhood.  I am good for that aspect. Everything my parents gave to me, I was able to kept it in my piggy bank before. And until now I am able to keep a portion of what I have earned.

Keeping a money is very an ideal characteristics of every individual. 
hero member
Activity: 714
Merit: 531
September 07, 2016, 08:01:17 AM
I am not too good in managing money but the things i know we need to separate the portion of our money in savings (10% or 5% )that we will never spend and the portion of money for our all expenses.
legendary
Activity: 3122
Merit: 1140
September 07, 2016, 07:17:10 AM
Best way to manage money is to spend as little as possible so you keep as much as possible then you put most of your savings in a safe investment. it will have low interest but atleast your money is safe and you make as much as possible in a safe way.
Also make budget and see what you have to spend and then keep that money safe so you always have enough to get trough the month.
Managing your expense effectively would help you to have more savings  and with more saving you can invest when you see some good opportunity knocking on your door, it is the way to manage properly our money because our income is just limited so we also need to limit our spending.

Managing funds would  be the best way in able for you to save some of your salary  so that you  could  use it in future purposes.  Unwise spendings  is a really factor that could effect your budget and might you get overdroped in the end of the month so that you wont able to save which is a bad thing.
hero member
Activity: 532
Merit: 500
September 07, 2016, 04:49:55 AM
First of all a budget is number 1, write down everything you NEED to pay per month like groceries bills etc, after that you can see much you'll have left after basics needs. Whats left of the money you can decide how much to save and how much to spend on extra's
use this as your principle :

1 . buy what you need
2 . give what is right
3 . save what you can

and enjoy what is left , usually people buying something not really needed , giving away in wrong time and finally can not save money even a cent!
yeah one's habits is to buy stuff they do not need but buy goods with what they want when they are not so in need of it? and they do waste and waste money unnecessarily because of it. I think you have to make improvements to this section dude
legendary
Activity: 3150
Merit: 1148
Fully Regulated Crypto Casino
September 07, 2016, 04:35:24 AM
Best way to manage money is to spend as little as possible so you keep as much as possible then you put most of your savings in a safe investment. it will have low interest but atleast your money is safe and you make as much as possible in a safe way.
Also make budget and see what you have to spend and then keep that money safe so you always have enough to get trough the month.
Managing your expense effectively would help you to have more savings  and with more saving you can invest when you see some good opportunity knocking on your door, it is the way to manage properly our money because our income is just limited so we also need to limit our spending.
sr. member
Activity: 420
Merit: 250
September 07, 2016, 04:03:03 AM
Best way to manage money is to spend as little as possible so you keep as much as possible then you put most of your savings in a safe investment. it will have low interest but atleast your money is safe and you make as much as possible in a safe way.
Also make budget and see what you have to spend and then keep that money safe so you always have enough to get trough the month.
hero member
Activity: 952
Merit: 500
September 07, 2016, 01:55:19 AM
the problem is we never want to manage it, we have plan to manage but we never do it.
in my pocket i installed android aplication called moneylover, im use it for manage each transaction of my daily needs.
thats right dude. the problem is that we are very difficult to adhere to the plan we have created? we always inconsistent and said that plans to manage money is too hard? I think it is a problem that is often done by humans? yeah manage money is difficult. but if you want to be rich you have to be disciplined with it


It is too hard for you if you do not have the discipline to do it, you should be focusing more in your goal and your future so you will be encourage to save. I know only few can do manage their money very well that is why only few became rich but we need to understand that we are going to have a serious problem in the future if we will not learn how to manage our money.
hero member
Activity: 532
Merit: 500
September 07, 2016, 12:55:24 AM
the problem is we never want to manage it, we have plan to manage but we never do it.
in my pocket i installed android aplication called moneylover, im use it for manage each transaction of my daily needs.
thats right dude. the problem is that we are very difficult to adhere to the plan we have created? we always inconsistent and said that plans to manage money is too hard? I think it is a problem that is often done by humans? yeah manage money is difficult. but if you want to be rich you have to be disciplined with it

legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
September 07, 2016, 12:20:02 AM
Saving is the best way of managing money, i believe that people who saving money and know how to do it, will never be in situations without money.
yes, saving can earn you a lot of money to be honest and besides that you can buy the stuff you want when you want so thats great
Exactly, saving alone cannot be called as managing money because it real life we also spend money to take care of our daily needs, in managing money it is like you are managing the business which the income and expenses are present, in a business in order to maximize your income you need to minimize your expenses.
full member
Activity: 173
Merit: 100
September 06, 2016, 07:33:36 PM
Saving is the best way of managing money, i believe that people who saving money and know how to do it, will never be in situations without money.
yes, saving can earn you a lot of money to be honest and besides that you can buy the stuff you want when you want so thats great
hero member
Activity: 490
Merit: 500
September 06, 2016, 06:47:17 PM
What you certainly will need is a very well defined plan, research and self-control, of course. If you have it, surely you will not have big problems in the future and you certainly will increase your chances of being rewarded.
legendary
Activity: 1218
Merit: 1003
We are the champions of the night
September 06, 2016, 04:24:53 PM
It depends on if you're talking month-to-month surviving, or long-term saving.

If you're trying to just make it paycheck to paycheck, budget on paper and use software like Mint to make sure you follow it.  Try to cut corners on luxuries and save on things you need when you can.


As for long term saving, put aside a certain amount to be automatically saved out of each check.  Divide it up between different types of investments according go however you see fit, just don't make it easy to access.  Have an emergency fund put aside of a few thousand along with long-term savings.
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