Best way to manage money? - page 37.

bamboylee

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Quote from: pearnapple on August 17, 2016, 08:19:42 AM

Quote from: vero on August 06, 2016, 03:03:59 PM

Quote from: mmmtr on August 06, 2016, 06:38:46 AM

If I know learn only one thing in 24 years . Dont keep yourself give your money to your mother .She will be manage better than you Wink

strongly agree that women are much better in terms of financial arrangements than men but give it to the mother is will not make you learn about managing.

well you might be right though im not a women and im still pretty good at managing my funds, to be honest i have never had any problems with that

Gender does not matter in how good you are in managing your money. It is all in how knowledgeable, determined and how disciplined are you in managing your money. Even if you are male or female, if you know how to set priorities and handle your money, then you will be fine managing your own money.

diegz

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Quote from: goldcoinminer on August 18, 2016, 08:59:09 AM

Quote from: noormcs5 on August 18, 2016, 07:20:50 AM

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?

If you know how you can earn bitcoins or money than definitely you know better way to mange it because in my view, the way of earning is difficult instead of mange the money. But I mange my bitcoins, i earn it from signature campaign and also i do altcoin trading but it is difficult to handle it. I am prefer to safe money or bitcoins because i have not habit of wasting money..

No man, that's not always the case, I have known a lot of people who knows how to earn money and I mean big money but they do not maintain a savings as they are also a big spender and the worst thing is even if they have a good income they still take a loan to buy their wants.

I saw people same as like that, they earn big, but their spending is just the same, they are good at making money but after that, there is no plan ahead on what they will do with their money, so they grow old still poor...No savings, no insurances and almost nothing to eat... I saw them when they are still young, all they do with their salary is to buy beer and have a drink at night almost everyday.

goldcoinminer

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Quote from: noormcs5 on August 18, 2016, 07:20:50 AM

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?

If you know how you can earn bitcoins or money than definitely you know better way to mange it because in my view, the way of earning is difficult instead of mange the money. But I mange my bitcoins, i earn it from signature campaign and also i do altcoin trading but it is difficult to handle it. I am prefer to safe money or bitcoins because i have not habit of wasting money..

No man, that's not always the case, I have known a lot of people who knows how to earn money and I mean big money but they do not maintain a savings as they are also a big spender and the worst thing is even if they have a good income they still take a loan to buy their wants.

noormcs5

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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?

If you know how you can earn bitcoins or money than definitely you know better way to mange it because in my view, the way of earning is difficult instead of mange the money. But I mange my bitcoins, i earn it from signature campaign and also i do altcoin trading but it is difficult to handle it. I am prefer to safe money or bitcoins because i have not habit of wasting money..

Positid

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Quote from: pearnapple on August 17, 2016, 08:19:42 AM

Quote from: vero on August 06, 2016, 03:03:59 PM

Quote from: mmmtr on August 06, 2016, 06:38:46 AM

If I know learn only one thing in 24 years . Dont keep yourself give your money to your mother .She will be manage better than you Wink

strongly agree that women are much better in terms of financial arrangements than men but give it to the mother is will not make you learn about managing.

well you might be right though im not a women and im still pretty good at managing my funds, to be honest i have never had any problems with that

Not all women are good in managing money, my wife an I are really not good in managing money before as we are both spender and we have no savings at all early in our marriage but time has come that we realize we need to save for our children and for their future.

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Quote from: vero on August 06, 2016, 03:03:59 PM

Quote from: mmmtr on August 06, 2016, 06:38:46 AM

If I know learn only one thing in 24 years . Dont keep yourself give your money to your mother .She will be manage better than you Wink

strongly agree that women are much better in terms of financial arrangements than men but give it to the mother is will not make you learn about managing.

well you might be right though im not a women and im still pretty good at managing my funds, to be honest i have never had any problems with that

dandroid

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Planning and self control can be difficult to implement, but with the experience the thing becomes easier over time.

needyou

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If you think that keeping your money as savings gives you very small profit, then you should go for investment.

dunfida

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Quote from: bamboylee on August 16, 2016, 06:43:14 AM

Quote from: Mr.grin on August 04, 2016, 05:32:02 AM

this time I tried to organize my finances, but might need me more than my income, or maybe my expenses are more than income, but now I try to apply to manage finances according to my friend, is using 30% of income to meet the needs and save 70% of income for a business opportunity in the future, I think it would work

Saving 70% of your salary is too high. 30% is enough for saving. You need to eat too and some clothing, medicines and shelter. You must not sacrifice those in order to save or else you will be sickly and you will just be spending your savings in the hospital.

You have a point, saving up too much and compromising your needs would be useless because you would be sickly in that situation same as other said. Therefore your saving would definitely go to the medicines you would take. 10%-20% savings would be decent without compromising anything.

Kwiksave

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Quote from: bamboylee on August 16, 2016, 06:43:14 AM

Quote from: Mr.grin on August 04, 2016, 05:32:02 AM

this time I tried to organize my finances, but might need me more than my income, or maybe my expenses are more than income, but now I try to apply to manage finances according to my friend, is using 30% of income to meet the needs and save 70% of income for a business opportunity in the future, I think it would work

Saving 70% of your salary is too high. 30% is enough for saving. You need to eat too and some clothing, medicines and shelter. You must not sacrifice those in order to save or else you will be sickly and you will just be spending your savings in the hospital.

That is right. I will save only 10% of my salary into bitcoin as the bitcoin is too risky and in the early stage development.

bamboylee

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Quote from: Mr.grin on August 04, 2016, 05:32:02 AM

this time I tried to organize my finances, but might need me more than my income, or maybe my expenses are more than income, but now I try to apply to manage finances according to my friend, is using 30% of income to meet the needs and save 70% of income for a business opportunity in the future, I think it would work

Saving 70% of your salary is too high. 30% is enough for saving. You need to eat too and some clothing, medicines and shelter. You must not sacrifice those in order to save or else you will be sickly and you will just be spending your savings in the hospital.

Daneric

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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?

How you manage, spend, and invest your money can have a profound impact on your life, yet very few schools teach these important skills. Learning financial savvy can take a while, but the basics are fairly simple and never change. Here’s where to get started:

1. Spend less money than you earn: If you spend exactly as much as you earn every year, you’ll never be prepared for emergencies or major life changes.

2. Always plan for the future: This doesn’t just mean retirement. When a store offers to let you pay off some gadget in 6 months with no interest, you need to know you can pay it off, or avoid that deal.

3. Make your money make more money: Want to know how the rich keep getting richer? It’s because money can grow while you sleep, provided you save some of it. Properly invested money earns more money over time. Don’t just sock all your cash away in a low-interest savings account. Invest in things that will earn you more money than you had before.

peta4e

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Quote from: vero on August 06, 2016, 03:03:59 PM

Quote from: mmmtr on August 06, 2016, 06:38:46 AM

If I know learn only one thing in 24 years . Dont keep yourself give your money to your mother .She will be manage better than you Wink

strongly agree that women are much better in terms of financial arrangements than men but give it to the mother is will not make you learn about managing.

Why you will not learn if you give it your mother? A mother is a best teacher and whatever she will tell you or guide you will be in the best interest of yours and she is the one who knows where to spend and where to not.

lionheart78

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Quote from: vero on August 06, 2016, 03:03:59 PM

Quote from: mmmtr on August 06, 2016, 06:38:46 AM

If I know learn only one thing in 24 years . Dont keep yourself give your money to your mother .She will be manage better than you Wink

strongly agree that women are much better in terms of financial arrangements than men but give it to the mother is will not make you learn about managing.

Yeah I observed that too. I was surprised how my bestfriend always have reserved money while i'm always broke. Whenever we were to hangout, she is always the one who paid for expenses. And I realized, we are spending our money in too many littlle nonsense things. From not needed snacks to stuff that is not worth spending. Anyway To manage your money you must learn financial management first. Basic will do and that is, keep saving money. Don't buy things that is not needed nor important.

vero

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Quote from: mmmtr on August 06, 2016, 06:38:46 AM

If I know learn only one thing in 24 years . Dont keep yourself give your money to your mother .She will be manage better than you Wink

strongly agree that women are much better in terms of financial arrangements than men but give it to the mother is will not make you learn about managing.

crairezx20

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Quote from: mmmtr on August 06, 2016, 06:38:46 AM

If I know learn only one thing in 24 years . Dont keep yourself give your money to your mother .She will be manage better than you Wink

Not all mother can be the best to manage your money its better to study and record your daily finance if you are making a large amount weekly try to save some money and you can save a lot for your week.. and do it every week.

Dudeperfect

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I make most of my savings through cutting down expenditure and believe me it works. Yes, maintaining records is technical requirement to inculcate habit of saving but I try to focus on fundamentals steps in order to get results. I earn, I spend but next time I earn more (either by creating more inflow or reducing outflow). The best possible way to reduce expenses is to check out as much alternatives as you can so that you can choose comparatively cheap and good one.

mmmtr

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If I know learn only one thing in 24 years . Dont keep yourself give your money to your mother .She will be manage better than you Wink

iqlimasyadiqa

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Quote from: EastSound on August 06, 2016, 05:46:41 AM

If you have fiat money, it is better to invest it and earn some returns. If you have bitcoin, just save it.

yes, I agree with you. if we been have bitcoin then we keep it in a wallet. but to get the money we have to invest, the investment could be in the form of trading and also save by buying gold in the real world.

tyz

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This is not managing, this is hodling Cheesy

A good money management needs transfers. Just hodling 20-30 years could be very risky. Times changes very fast.

Quote from: Kwiksave on July 30, 2016, 04:55:44 AM

I think the best way to manage money is to buy some bitcoins and hold them for the next 20 to 30 years.

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