Best way to manage money? - page 40.

eternalgloom

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Quote from: mishra1994u on July 13, 2016, 01:13:47 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.

hermanhs09

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Quote from: xIIImaL on July 14, 2016, 01:47:27 PM

Quote from: CryingMidget on July 14, 2016, 01:03:34 PM

The best way to manage money is to give it to your wife, or your mother, then they will do a management that does not even you thought, the way I do it, because if I were to manage my money, so the money will soon run out.

Use s spreadsheet to keep track of all your budgeted funds and expenses and save them for your records. Monthly bills, gas, groceries, daily allowances, miscellaneous, emergencies, savings, etc. You can then review them and see where you can adjust where your money goes. You can also use it to plan for future major expenses such as a car, house, family trip, wedding, etc.

This is a very good way to save and minimalize the costs,just doing a list,
and suddenly you know where your money in.It is also very comfortable if you need to pay the bills or anything,and it helps you to plan your further life.
Investing some of the money you are able to save is a good way also.

xIIImaL

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Quote from: CryingMidget on July 14, 2016, 01:03:34 PM

The best way to manage money is to give it to your wife, or your mother, then they will do a management that does not even you thought, the way I do it, because if I were to manage my money, so the money will soon run out.

Use s spreadsheet to keep track of all your budgeted funds and expenses and save them for your records. Monthly bills, gas, groceries, daily allowances, miscellaneous, emergencies, savings, etc. You can then review them and see where you can adjust where your money goes. You can also use it to plan for future major expenses such as a car, house, family trip, wedding, etc.

crairezx20

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Quote from: CryingMidget on July 14, 2016, 01:03:34 PM

Quote from: newcoins1978 on July 14, 2016, 10:29:33 AM

Quote from: ASHLIUSZ on March 17, 2016, 01:13:54 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.

The best way to manage money is to give it to your wife, or your mother, then they will do a management that does not even you thought, the way I do it, because if I were to manage my money, so the money will soon run out.

Honestly my wife is not good in managing money she's always buying foods because she was big fat woman and she always like to eat.. thats why i still hold my money and invest in bitcoin..

CryingMidget

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Quote from: newcoins1978 on July 14, 2016, 10:29:33 AM

Quote from: ASHLIUSZ on March 17, 2016, 01:13:54 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.

The best way to manage money is to give it to your wife, or your mother, then they will do a management that does not even you thought, the way I do it, because if I were to manage my money, so the money will soon run out.

newcoins1978

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Quote from: ASHLIUSZ on March 17, 2016, 01:13:54 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.

Betwrong

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Quote from: goldcoinminer on July 14, 2016, 03:09:40 AM

Quote from: sobsitesearch on July 13, 2016, 02:11:27 AM

Quote from: entrepmind23 on July 13, 2016, 12:33:08 AM

I think the best way to manage money is to have a budget. As for me, I have a budget each month for my should be expenses and as much as possible I spend only what is allotted in the budget or less. I have a record of all my expenses in my excel file so that I can monitor my spending everyday. But before anything else, I pay myself first which means I save first when I received my salary and then allocate the remaining amount to my should be expenses. Through this way, I am sure that I can save every time I received my salary. It should be savings first then expenses not expenses first before savings because more often than not, there will be nothing left for savings because I will be spending more than what I am supposed to.

This is great budgeting of the salary and that is correct that saving will be mandatory every time you received your salary even it is only a little portion of your salary. But you need to include to your budget the case that you do not want to happen "emergency cases".

Regardless of how much we earn we should always consider to save some amount, we don't see the future and anything can happen that might be bad that requires immediate money, without savings we have nothing to use when that times come.

Normally I don't like to say something when I disagree with an opinion but now I can't resist the urge to protest. Imo saving money for the times when something bad happens you are neither living now nor you can say for sure that the amount would be enough. As you've said by yourself "we don't see the future and anything can happen" and exactly that's why we can't guarantee the money we are saving now for "the bad times" will make things any better then.

goldcoinminer

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Quote from: sobsitesearch on July 13, 2016, 02:11:27 AM

Quote from: entrepmind23 on July 13, 2016, 12:33:08 AM

I think the best way to manage money is to have a budget. As for me, I have a budget each month for my should be expenses and as much as possible I spend only what is allotted in the budget or less. I have a record of all my expenses in my excel file so that I can monitor my spending everyday. But before anything else, I pay myself first which means I save first when I received my salary and then allocate the remaining amount to my should be expenses. Through this way, I am sure that I can save every time I received my salary. It should be savings first then expenses not expenses first before savings because more often than not, there will be nothing left for savings because I will be spending more than what I am supposed to.

This is great budgeting of the salary and that is correct that saving will be mandatory every time you received your salary even it is only a little portion of your salary. But you need to include to your budget the case that you do not want to happen "emergency cases".

Regardless of how much we earn we should always consider to save some amount, we don't see the future and anything can happen that might be bad that requires immediate money, without savings we have nothing to use when that times come.

EastSound

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Quote from: Maslate on July 13, 2016, 12:11:09 AM

Quote from: boyptc on July 11, 2016, 09:04:57 AM

Quote from: Crazygreek on July 11, 2016, 08:47:45 AM

Best way to manage money is give this work for people who know how to do this or if you are can manage this solo better to try, for me is much better not to try Grin

You are going to suggest something and in the end you will say that it is better if you are going not to try it.
You are really a Crazygeek at all haha. Peace!
For me the best way to manage money is always put savings on it.

Yeah! savings should be your first priority for future inevitable expense then you need to consider investment also to balance the money management and that would give you a continuous income.

For the time being, I buy some bitcoin and save. I save very little fiat now. They will devalue in the future.

sobsitesearch

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Quote from: entrepmind23 on July 13, 2016, 12:33:08 AM

I think the best way to manage money is to have a budget. As for me, I have a budget each month for my should be expenses and as much as possible I spend only what is allotted in the budget or less. I have a record of all my expenses in my excel file so that I can monitor my spending everyday. But before anything else, I pay myself first which means I save first when I received my salary and then allocate the remaining amount to my should be expenses. Through this way, I am sure that I can save every time I received my salary. It should be savings first then expenses not expenses first before savings because more often than not, there will be nothing left for savings because I will be spending more than what I am supposed to.

This is great budgeting of the salary and that is correct that saving will be mandatory every time you received your salary even it is only a little portion of your salary. But you need to include to your budget the case that you do not want to happen "emergency cases".

ASHLIUSZ

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Quote from: entrepmind23 on July 13, 2016, 12:33:08 AM

I think the best way to manage money is to have a budget. As for me, I have a budget each month for my should be expenses and as much as possible I spend only what is allotted in the budget or less. I have a record of all my expenses in my excel file so that I can monitor my spending everyday. But before anything else, I pay myself first which means I save first when I received my salary and then allocate the remaining amount to my should be expenses. Through this way, I am sure that I can save every time I received my salary. It should be savings first then expenses not expenses first before savings because more often than not, there will be nothing left for savings because I will be spending more than what I am supposed to.

right the basic for money management is making budget, according to your salary allot a good amount as savings and then the remaining should be your expenses. further from the next months find some ways to reduce your expenses and increase the savings.

mishra1994u

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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

Schuyler

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Quote from: entrepmind23 on July 13, 2016, 12:33:08 AM

I think the best way to manage money is to have a budget. As for me, I have a budget each month for my should be expenses and as much as possible I spend only what is allotted in the budget or less. I have a record of all my expenses in my excel file so that I can monitor my spending everyday. But before anything else, I pay myself first which means I save first when I received my salary and then allocate the remaining amount to my should be expenses. Through this way, I am sure that I can save every time I received my salary. It should be savings first then expenses not expenses first before savings because more often than not, there will be nothing left for savings because I will be spending more than what I am supposed to.

That is the correct mindset. Too many people think that savings is just an option, something that's left after you've spent your salary on your expenses. The truth is our expenses are just going to pile up if we don't control them. We must have the discipline to pay ourself first before even thinking about what to spend on for our next salary.

entrepmind23

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I think the best way to manage money is to have a budget. As for me, I have a budget each month for my should be expenses and as much as possible I spend only what is allotted in the budget or less. I have a record of all my expenses in my excel file so that I can monitor my spending everyday. But before anything else, I pay myself first which means I save first when I received my salary and then allocate the remaining amount to my should be expenses. Through this way, I am sure that I can save every time I received my salary. It should be savings first then expenses not expenses first before savings because more often than not, there will be nothing left for savings because I will be spending more than what I am supposed to.

Maslate

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Quote from: boyptc on July 11, 2016, 09:04:57 AM

Quote from: Crazygreek on July 11, 2016, 08:47:45 AM

Best way to manage money is give this work for people who know how to do this or if you are can manage this solo better to try, for me is much better not to try Grin

You are going to suggest something and in the end you will say that it is better if you are going not to try it.
You are really a Crazygeek at all haha. Peace!
For me the best way to manage money is always put savings on it.

Yeah! savings should be your first priority for future inevitable expense then you need to consider investment also to balance the money management and that would give you a continuous income.

boyptc

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Quote from: Crazygreek on July 11, 2016, 08:47:45 AM

Best way to manage money is give this work for people who know how to do this or if you are can manage this solo better to try, for me is much better not to try Grin

You are going to suggest something and in the end you will say that it is better if you are going not to try it.
You are really a Crazygeek at all haha. Peace!
For me the best way to manage money is always put savings on it.

bamboylee

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Quote from: Crazygreek on July 11, 2016, 08:47:45 AM

Best way to manage money is give this work for people who know how to do this or if you are can manage this solo better to try, for me is much better not to try Grin

You have to do it on your own if you are just an average person. You cannot afford a financial manager if you are just getting salary. Hire a financial manager if you own a business and that business is doing well. Otherwise, learn how to control your cashflow by your own. It is better if you do it so that you know where to tighten budgets and where to increase it.

Crazygreek

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Best way to manage money is give this work for people who know how to do this or if you are can manage this solo better to try, for me is much better not to try Grin

EastSound

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Quote from: mammamiya471 on July 04, 2016, 11:57:03 AM

Best way to manage money is budget it once you receive it. don't wish for expensive things that you don't need.

That is right. I do not buy thing I do not need now. But I buy the bitcoin and will use it in a few years.

mammamiya471

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Best way to manage money is budget it once you receive it. don't wish for expensive things that you don't need.

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