Best way to manage money? - page 39.

boyptc

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Quote from: bluechipinvestor on July 24, 2016, 07:40:35 PM

Diversify is really important and it's good to have part of the portfolio in BTC.
I think it's the most stable investment in crypto.

Well you are right having portfolio in bitcoin is really a good thing to manage your money. But for me, it is better if you are going to have a bank account and going to put your earnings there every time you are going to earn with bitcoin. And if you want to earn with holding, just put your bitcoins into your bitcoin wallet and for sure you are going to earn from it.

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Quote from: Crazygreek on July 24, 2016, 07:21:19 PM

Best way is to find a guy who know how to manage money and pay to him, or just will try to upgrade your manager skills by yourself online or in university Grin

Why hire someone to help you mange your finances? finance managers are for rich people only and those that can't handle most of their businesses.. You can do it yourself, just need to know what are your do's and don'ts and the most important is your "list"... I think, if your savings and salary is relatively small, mostly, budgeting is the most common thing to manage, it is much easier...

goldcoinminer

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Quote from: bamboylee on July 24, 2016, 11:15:27 PM

Quote from: newcoins1978 on July 14, 2016, 11:29:33 AM

Quote from: ASHLIUSZ on March 17, 2016, 02:13:54 AM

the best money management way is to make a BUDGET. take a note on your expenses, pay some money into a savings account and then spent your money successfully...

Best way to manage money is to save a bit from every earning that you get and do not touch that money, within six months you have already have saved some money.
Saving money is always good because there can always be a moment where you suddenly have to pay for things.

It is usually the discipline to follow thru the plan that gets in the way of saving. You can set up a budget, a percentage of your salary for saving and everything but without the strict discipline within you to strictly follow your plan, it will just be another sketch on paper. So no matter what style you decide on managing your money and saving, what matters is that you are dedicated to that plan and do it strictly.

Your savings is the most important of all followed buy your spending because we cannot perform effectively in our job if we cannot reward our self. As employed individual we should set some amount for leisure and to entertain our self.

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Quote from: newcoins1978 on July 14, 2016, 11:29:33 AM

Quote from: ASHLIUSZ on March 17, 2016, 02:13:54 AM

the best money management way is to make a BUDGET. take a note on your expenses, pay some money into a savings account and then spent your money successfully...

Best way to manage money is to save a bit from every earning that you get and do not touch that money, within six months you have already have saved some money.
Saving money is always good because there can always be a moment where you suddenly have to pay for things.

It is usually the discipline to follow thru the plan that gets in the way of saving. You can set up a budget, a percentage of your salary for saving and everything but without the strict discipline within you to strictly follow your plan, it will just be another sketch on paper. So no matter what style you decide on managing your money and saving, what matters is that you are dedicated to that plan and do it strictly.

lemipawa

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Quote from: Crazygreek on July 24, 2016, 07:21:19 PM

Best way is to find a guy who know how to manage money and pay to him, or just will try to upgrade your manager skills by yourself online or in university Grin

Would you trust your hard earned money to someone else? Even if you are the type of person who poorly manages your money I still consider that as safe than having someone manage that for you. It will take some time for you to be able to manage your money but you can always start by listing down what are your expenses for the day and how much money is coming in. There's an app for that available in google store for free.

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Quote from: MingLee on July 24, 2016, 07:29:00 PM

Quote from: Crazygreek on July 24, 2016, 07:21:19 PM

Best way is to find a guy who know how to manage money and pay to him, or just will try to upgrade your manager skills by yourself online or in university Grin

You don't even need to go and get someone to manage your money for you, if you just go and make a budget or buy a budget spreadsheet you would be able to avoid a majority of the expenses you would usually incur and manage your money better in one fell swoop.

Not everything requires learning from some professor and not everyone has to pay someone else to do something.

Of course that would help but we need do stay focus on our budget and we can only do that if we are diligently following our budget method on the spread sheet. In addition, we should be responsible enough to discipline our self to manage our budget plan and we should not be easily tempted to spend our money on our wants alone.

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Quote from: MingLee on July 24, 2016, 07:29:00 PM

Quote from: Crazygreek on July 24, 2016, 07:21:19 PM

Best way is to find a guy who know how to manage money and pay to him, or just will try to upgrade your manager skills by yourself online or in university Grin

You don't even need to go and get someone to manage your money for you, if you just go and make a budget or buy a budget spreadsheet you would be able to avoid a majority of the expenses you would usually incur and manage your money better in one fell swoop.

Not everything requires learning from some professor and not everyone has to pay someone else to do something.

The best teacher should always be experience. Once you got burned from being too careless with your finances, you would surely make the necessary adjustments to avoid anything that sets you back. This should be the case for everyone of us but it seems that we hardly learn from experience because many of us commit the same money mistakes over and over again, leading to poor money management.

bluechipinvestor

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Diversify is really important and it's good to have part of the portfolio in BTC.
I think it's the most stable investment in crypto.

MingLee

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Quote from: Crazygreek on July 24, 2016, 07:21:19 PM

Best way is to find a guy who know how to manage money and pay to him, or just will try to upgrade your manager skills by yourself online or in university Grin

You don't even need to go and get someone to manage your money for you, if you just go and make a budget or buy a budget spreadsheet you would be able to avoid a majority of the expenses you would usually incur and manage your money better in one fell swoop.

Not everything requires learning from some professor and not everyone has to pay someone else to do something.

Crazygreek

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Best way is to find a guy who know how to manage money and pay to him, or just will try to upgrade your manager skills by yourself online or in university Grin

Oj0

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the best way to manage your money is to make list to all your buying in your home. i think many of us here has wife so they made how to manage the if the husband got remit they salary in there wives. so i do not know how to manage because my wife do the managing

BeGoods

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Quote from: boyptc on July 15, 2016, 09:34:16 AM

Quote from: dunfida on July 15, 2016, 07:55:08 AM

The best way to manage money is to prevent on losing it.. spend wisely then make some investments so that it would grow just be careful coz of the risks involved.

You are right that is the est way to manage money and it is clearly states that you must not lose it and in gamble there's always losing.
So don't ever put any of your money into gambling so that you are going to manage it properly.

gambling will only give you defeat because most likely make you lose not win. I always avoid gambling so I can save my money. yeah even though sometimes I'm tempted to gamble and I lost.
you should have control not to be tempted to gamble again. because the key to saving money is not to lose money

diodio5

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Quote from: Kwiksave on July 22, 2016, 04:32:04 PM

If you have fiat, it is better to invest it and earn some interest. If you have the bitcoin, it is better to hold it.

Lol of course many people will know about investing withstand bitcoin. but people may be confused about how the division for their money. such as what percentage of the investment and what percentage to save. it is a difficult thing because sometimes people feel confused

Kwiksave

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If you have fiat, it is better to invest it and earn some interest. If you have the bitcoin, it is better to hold it.

Edwardard

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the best way to manage money is to understand the value of money first. if you understand its value then you will automatically learn to manage your income. it is the best way and believe me it works. Cheesy

Mauser

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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?

I would recommend making a Excel spreadsheet.

Starting monthly it should be fairly easy to make an overview of your Income.

The Cost side will be harder. Just Keep track for 3 month of every purchase you make. Divide everything between one time payment or recurring payments and make an average for 1 month out of These.

Depending on your Country there should be some templates already available for this. So you just Need to fill in the numbers.

boyptc

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Quote from: dunfida on July 15, 2016, 07:55:08 AM

The best way to manage money is to prevent on losing it.. spend wisely then make some investments so that it would grow just be careful coz of the risks involved.

You are right that is the est way to manage money and it is clearly states that you must not lose it and in gamble there's always losing.
So don't ever put any of your money into gambling so that you are going to manage it properly.

goldcoinminer

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Quote from: eternalgloom on July 14, 2016, 06:42:45 PM

Quote from: mishra1994u on July 13, 2016, 02:13:47 AM

I am really bad in managing my money i also wanted to ask that question here and to get some advice.Got to know some different ideas.I am bad in it because i gamble and when i loose its disturbs my all management of money

I think that's more of a gambling issue that you have, as opposed to a money management issue.
You should quit gqmbling first and then think about managing your money.

Yup! gambling will destroy your money management, you should quit gambling completely as gambling is not for your as evidence that your emotion is controlling you when it comes to gambling.

Gambling is for clever people who knows how to control their emotions and I think you don't pass the requirement.

dunfida

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The best way to manage money is to prevent on losing it.. spend wisely then make some investments so that it would grow just be careful coz of the risks involved.

outatime1

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I categorize every expense my family makes and keep track of how much we spend in each category each month. This helps me see where we are spending the most money. I also pay close attention to the amount of money we make every month and how much we spend every month. As long as we are making more than we are spending, then we are doing okay (doesn't always work out that way).

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