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Topic: Best way to manage money? - page 49. (Read 61099 times)

hero member
Activity: 826
Merit: 502
April 23, 2016, 12:23:04 PM
This might be a stupid thing for some people to do but for me the best way to manage your money is find a girlfriend. And by girlfriend I mean like a girlfriend who's a keeper (check here if your GF is a keeper). Like a lady who wouldn't mind managing your expenses as a couple and wouldn't take a money secretly out from your pocket.

Some people might disagree with me but you know deep inside that you need someone to manage your life with. You can't manage your life forever alone. Roll Eyes
hero member
Activity: 2310
Merit: 532
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April 23, 2016, 09:17:28 AM
I think the best way to manage money is keep your money on bank account.
If you like to get passive income you can invest on bitcoin because it's a good investment right now.

A lot of people using cards and speding money that hold on bank accounts. I really think that best way to manage money is the power of will, looks so stupid but people without power of will can't manage money.

Yes using cards help more in managing our earned money. Recently few of our campaign has launched bitcoin cards with limited access which also helps in managing money and bitcoins.
sr. member
Activity: 294
Merit: 250
April 23, 2016, 04:20:56 AM
For me it's about getting out of fiat as soon as I receive my paycheck. The fiat debt bubble is ridiculous and can/will pop any second from now.

I think budget is important too, and so is building a good investment portfolio with plenty of money in it. For me safety and store of value is the most important. High returns aren't that important to me.
hero member
Activity: 532
Merit: 500
April 23, 2016, 04:16:25 AM
i have got too little money to think about managing them, too little to even bother spend. my salary is low, i'm just too suck to get something better. money, i just leave them be.
I think even if you only have a small salary or money is small. you still have to have manage money. so that your money is small it can be collected and you know bit by bit if you save regularly then you will save a lot of money
manage money is important
full member
Activity: 182
Merit: 250
April 22, 2016, 04:54:06 PM
Take a personal finance class! It will teach you a lot about money, saving, spending, investing, etc...
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
April 22, 2016, 08:58:59 AM
To manage your money, you have to be smart and not greedy because if you are greedy than you will lose a lot of money and that cant be good for you, and you will become poor.
So if you are making an investment than you have to also save some money so you will have always more money later.
I thought the greedy will be the same with waste and if you always do wastage. the maximum salary your money will always exhausted because you're acting very wasteful. so avoid it
more salary more consumtive,compare tier 1 country and tier 3 country,even tier3 countries's peoples still can fulfill their needs even their salary just 20% of average tier 1 countries's worker,so if i think deeply, there's no different in their daily needs even have so much different in their salary
sr. member
Activity: 476
Merit: 250
April 22, 2016, 08:51:12 AM
To manage your money, you have to be smart and not greedy because if you are greedy than you will lose a lot of money and that cant be good for you, and you will become poor.
So if you are making an investment than you have to also save some money so you will have always more money later.
I thought the greedy will be the same with waste and if you always do wastage. the maximum salary your money will always exhausted because you're acting very wasteful. so avoid it
legendary
Activity: 3122
Merit: 1398
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April 22, 2016, 08:08:45 AM

Yeah even banks cannot be tell to be safe in terms on saving money as past issue happens in phils there are some banks file bankcruptsy to their bank and the money of the people freeze and all of them takes many months to get back of their money others are get only half of their money saves. But all i can say its better to save it in high names and very strong bank because it has insurance and can get profit little annually. But to save money disciple yourself first and left your  bad habits on spending money.

What PH bank are you referring to? Is that really a bank or investment company?
hero member
Activity: 714
Merit: 500
April 22, 2016, 07:14:38 AM
There are lots of simple ways to manage money. Here are some of the things I do:

1. Income - Savings = Expenses
I always set aside more than 20% of my income and put it in our company's savings and loan association. That way, I get to save and earn yearly dividends, that yield more that normal banks would.

2. Do not put all your eggs in one basket
Simply put, look for different places to save / invest your money. You can put it in real estate, stocks, bonds, mutual funds, time deposits. Have some investments that have different levels of risk/reward ratio

3. Have an emergency fund
The general rule for emergency fund is 3-6 months worth of your monthly income. This will serve as your buffer during times when (knock on wood) something terrible happens, like losing your job.

Those are the three basic things that come to my mind right away.
sr. member
Activity: 364
Merit: 250
April 22, 2016, 06:33:34 AM
To manage your money, you have to be smart and not greedy because if you are greedy than you will lose a lot of money and that cant be good for you, and you will become poor.
So if you are making an investment than you have to also save some money so you will have always more money later.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
April 22, 2016, 03:35:14 AM
I think the best way to manage money is keep your money on bank account.
If you like to get passive income you can invest on bitcoin because it's a good investment right now.
But financial crisis proved that it is not the best way. For example in Cyprus many banks froze the invested money in them!

Yeah even banks cannot be tell to be safe in terms on saving money as past issue happens in phils there are some banks file bankcruptsy to their bank and the money of the people freeze and all of them takes many months to get back of their money others are get only half of their money saves. But all i can say its better to save it in high names and very strong bank because it has insurance and can get profit little annually. But to save money disciple yourself first and left your  bad habits on spending money.
hero member
Activity: 2310
Merit: 532
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April 22, 2016, 03:08:25 AM
i have got too little money to think about managing them, too little to even bother spend. my salary is low, i'm just too suck to get something better. money, i just leave them be.

That's not fair, in this scenario if you get a high pay too, if not managed in the right way automatically everything will be lost as it is happening with your little pay.
hero member
Activity: 826
Merit: 1000
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April 21, 2016, 04:16:58 PM
I think the best way to manage money is keep your money on bank account.
If you like to get passive income you can invest on bitcoin because it's a good investment right now.
But financial crisis proved that it is not the best way. For example in Cyprus many banks froze the invested money in them!
legendary
Activity: 2646
Merit: 1106
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April 21, 2016, 05:35:14 AM
i have got too little money to think about managing them, too little to even bother spend. my salary is low, i'm just too suck to get something better. money, i just leave them be.
Whether you are getting high amount or low amount salary that is not at all a problem, but how you are managing money that is very important. You are getting little amount as salary, so first make a budget with your salary, then accordingly make the expenses, if so you can be happy.
sr. member
Activity: 406
Merit: 250
April 21, 2016, 05:12:21 AM
i have got too little money to think about managing them, too little to even bother spend. my salary is low, i'm just too suck to get something better. money, i just leave them be.
hero member
Activity: 490
Merit: 500
April 20, 2016, 09:44:37 PM
Bitcoin can be one way as they offer plans around 2 year to 5 or 10 years of savings plans which you cant reverse,and if you do you will loose money instead getting more.
Yes bitcoin can be a solution for the investing money, but for manage money we need to manage costs, investments and incomes and have a plan for each of them.
yeah you should have a plan to manage money. it contains about managing money. including how much money will you invest. you should be able to formulate it so you have a picture of out of your money. certainly a lot of benefits that would be you get
hero member
Activity: 854
Merit: 500
April 20, 2016, 07:51:40 PM
I think the best way to manage money is keep your money on bank account.
If you like to get passive income you can invest on bitcoin because it's a good investment right now.

A lot of people using cards and speding money that hold on bank accounts. I really think that best way to manage money is the power of will, looks so stupid but people without power of will can't manage money.
hero member
Activity: 2310
Merit: 532
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April 20, 2016, 12:59:47 PM
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.

Having some amount for emergency needs is really good thing. I could suggest to make a insurance with half the amount you save every month for your emergency needs which helps you even better at times than just saving.
sr. member
Activity: 490
Merit: 250
April 20, 2016, 11:31:05 AM
I think the best way to manage money is keep your money on bank account.
If you like to get passive income you can invest on bitcoin because it's a good investment right now.
sr. member
Activity: 336
Merit: 250
April 20, 2016, 10:24:20 AM
Don't be buried by debt so you can always take a money out of your pocket without worrying that you can not pay your loans if you spend. If you have debt atm, try paying them one by one until they all get paid. After that you can manage your money easily, always try to spend at minimal cost. Most people tend to overeat especially at lunch, and when dinner comes they will realize that they are out of money. Try eating less so you'll spend less and save more money.

The greatest advice here IMO. It's hard to restrain youself from borrowing money but it's worth it - your life is so much happier without debts. I also agree on eating less which is always a good thing.
The best way to manage your money is that you have to know that you can earn money with it in that you made an investment so you are for sure that you will earn it.
And saving money can be also nice because than you can also safe it for the future and that would be nice for you as backup.
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