Topic: Best way to manage money? - page 44. (Read 61099 times)
I have installed a money-budgeting app on my smartphone to help with managing and saving money. It has made my life a lot easier because I can see at any time how much money I have spent already and how much I have left till the end of the month. Also I can allocate money to different categories like Groceries, Bills, Entertainment etc. and I can have a better control of what money goes where. And if I need to save some money for a trip or a new purchase I can follow my progress easily with such an app.
Budgeting helps but it needs to be backed by discipline and self-control. I have no problems planning ahead for essential stuff and sticking with it but it's a different story when it comes to savings/spare money at the end of the month. I'm a bit of an impulse buyer. For example, it might take me a lot longer than planned to save up money for a trip because I'm always using spare money to buy random stuff I come across on the web 
If you have a stable income, the best formula that could work would be: Income less savings equals expenses. It's always a good thing to pay yourself first before spending on something else. Once you create this habit of saving, it will almost come naturally for you to do it, and investing would be the next step.
yeah of course expenditure should be less than the income that you get so the rest of your income. you can save it as an investment for the future. if you have the money to be saved in each month. Of course you can get a lot of money and you will be rich dudeAnd it could teach you and help you to save daily. That means you are giving value to your money and you can learn to manage it properly.
If you have a stable income, the best formula that could work would be: Income less savings equals expenses. It's always a good thing to pay yourself first before spending on something else. Once you create this habit of saving, it will almost come naturally for you to do it, and investing would be the next step.
yeah of course expenditure should be less than the income that you get so the rest of your income. you can save it as an investment for the future. if you have the money to be saved in each month. Of course you can get a lot of money and you will be rich dude
Think before buying, and only buy the things that you need. Don't buy for the things that you only want.
Instead, buy for the things that you only need.
And if you got some savings then you can buy for the things you want.
Instead, buy for the things that you only need.
And if you got some savings then you can buy for the things you want.
What I'm always trying to do is delay my gratification, so I could have some money in the future. We live in a day and age where we always feel the need for instant gratification. We want this, we want that, all in an instant, setting aside what is more important for our future. I think the influence of social media has a big role on how we manage our money. We must be smart enough to realize that there's more to spending everything we have now.
Save your money, Try gambling, Try invest low ammount and if you are satisfy in your earning go run,before you losses on that game
gambling has always been a bad suggestion, because the risk are high. investment with low amount? investment require a large capital.
gambling it will bring in a huge defeat. even until your money runs out and you will not be able to do manage money again. because your money has run out
Yeah gambling can never be profitable in long run, and how can one expect to save money is gambling, that is the ridiculous thing to do I guess.
Save your money, Try gambling, Try invest low ammount and if you are satisfy in your earning go run,before you losses on that game
gambling has always been a bad suggestion, because the risk are high. investment with low amount? investment require a large capital.
gambling it will bring in a huge defeat. even until your money runs out and you will not be able to do manage money again. because your money has run out
Yeah gambling can never be profitable in long run, and how can one expect to save money is gambling, that is the ridiculous thing to do I guess.
Save your money, Try gambling, Try invest low ammount and if you are satisfy in your earning go run,before you losses on that game
gambling has always been a bad suggestion, because the risk are high. investment with low amount? investment require a large capital.
gambling it will bring in a huge defeat. even until your money runs out and you will not be able to do manage money again. because your money has run out
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 
in most cases this is a bad idea.
most women can't handle money at all and they will burn through your money faster than you can earn it.
Exactly if you give them money they will find different ways to spend it and nothing will be saved, so its better you find any safer way to manage your money.
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
in most cases this is a bad idea.
most women can't handle money at all and they will burn through your money faster than you can earn it.
The easiest way to breakdown management of money is in a persons cycle of life, of 2 major purchases.
Outside from the debt they currently have, which boils down to is a house, and a car.
Its up to the indivual to decide at the end of the day to be a renter, or a home owner same with the car scenario.
Outside from the debt they currently have, which boils down to is a house, and a car.
Its up to the indivual to decide at the end of the day to be a renter, or a home owner same with the car scenario.
The best way to manage your money is keep track of your cash flow, in that sense you can make an analysis on which portion of your income and spending the best way to adjust. If you can do that, you can now segregate your income by diversifying with different investment and your priority should be investing in bitcoins.
yeah The first is to analyze your income and your expenses you will know the flow of your money going in and out. then you can determine the amount for investment or other purposes.The most important is the analysis of out of the money. that's very important if your money is still residual then I would recommend to invest in bitcoin
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.
I'm keen on this statement. it's not good to spend all of money we have. saving 1/4 of it or half money will help us in the future
Get a list of the things that you will spend your money, and after creating it just simply follow it. If you can obey the simple list of to spend your money. Then you will become responsible and you can manage your money properly.
I will add to make some fund reserves too for miscellaneous things.
Also note that all money managing techniques can't be easily follow if people doesn't have any financial source of income to make their money saving possible.
Get a list of the things that you will spend your money, and after creating it just simply follow it. If you can obey the simple list of to spend your money. Then you will become responsible and you can manage your money properly.
I will add to make some fund reserves too for miscellaneous things.
Also note that all money managing techniques can't be easily follow if people doesn't have any financial source of income to make their money saving possible.
Get a list of the things that you will spend your money, and after creating it just simply follow it. If you can obey the simple list of to spend your money. Then you will become responsible and you can manage your money properly.
Very true. That is discipline in how you can work thing out without using some of your spare. Same thing with managing money. We love to have some spare for our emergency needs. This emergency money should not be moved for just a crap of things. Somehow it will make you a better person and not overspend.
Get a list of the things that you will spend your money, and after creating it just simply follow it. If you can obey the simple list of to spend your money. Then you will become responsible and you can manage your money properly.
If you have a stable income, the best formula that could work would be: Income less savings equals expenses. It's always a good thing to pay yourself first before spending on something else. Once you create this habit of saving, it will almost come naturally for you to do it, and investing would be the next step.
That was advise in a book of Robert Kiyosaki, I think that is good advise anyway but somehow we ten to forget in following that because we sometimes have our own wants and desire that we prioritize over our needs.
If you have a stable income, the best formula that could work would be: Income less savings equals expenses. It's always a good thing to pay yourself first before spending on something else. Once you create this habit of saving, it will almost come naturally for you to do it, and investing would be the next step.
Jump to: