Best way to manage money? - page 8. | Bitcointalksearch.org

mrcash02

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Quote from: BitSat on November 23, 2016, 06:28:20 PM

Quote from: Slow death on November 23, 2016, 03:59:29 PM

My opinion:

Make a list of all the things you use, be it energy, water, clothing, household utensils. Your food and your pet if you have, and then seek to know the price of all these things. You write down in the paper and then organize the list:

example:

Energy: $4/month ( you separate energy money )
Water: $5/month ( you separate the water money )
clothing: $35 (you separate money from clothing )

After you organize the list you do the total calculations. That way you have an average of how much money you need to pay your expenses.

Basically, if you have a salary of $3000/month and your expense is only $1500/month, you can save $200 in the bank as a savings and the rest you can spend with whatever you want.

You done very good job but some time we have to face emergency just because of this mostly lost our savings and fail to manage this money but still trying as you done because without this life ruined and worst things can check us any time

The $200 savings he said can be used for emergency situations. It's always good to have some extra money for unpredictable things that happen in our life.

I agree with the post above about the management of money and I would say, we need to search for prosperity in our life, always. So, it's a good option to try to save most money as possible every month to make an investment and increase our income on the next months. It can be a virtual investment or a real one. A good manager increase the earnings each new month.

BitSat

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Quote from: Slow death on November 23, 2016, 03:59:29 PM

My opinion:

Make a list of all the things you use, be it energy, water, clothing, household utensils. Your food and your pet if you have, and then seek to know the price of all these things. You write down in the paper and then organize the list:

example:

Energy: $4/month ( you separate energy money )
Water: $5/month ( you separate the water money )
clothing: $35 (you separate money from clothing )

After you organize the list you do the total calculations. That way you have an average of how much money you need to pay your expenses.

Basically, if you have a salary of $3000/month and your expense is only $1500/month, you can save $200 in the bank as a savings and the rest you can spend with whatever you want.

You done very good job but some time we have to face emergency just because of this mostly lost our savings and fail to manage this money but still trying as you done because without this life ruined and worst things can check us any time

Slow death

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My opinion:

Make a list of all the things you use, be it energy, water, clothing, household utensils. Your food and your pet if you have, and then seek to know the price of all these things. You write down in the paper and then organize the list:

example:

Energy: $4/month ( you separate energy money )
Water: $5/month ( you separate the water money )
clothing: $35 (you separate money from clothing )

After you organize the list you do the total calculations. That way you have an average of how much money you need to pay your expenses.

Basically, if you have a salary of $3000/month and your expense is only $1500/month, you can save $200 in the bank as a savings and the rest you can spend with whatever you want.

crwth

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The best way I think to manage money is to understand that you do need to save and can control the urges to not buy your wants and just pay your responsibilities. You can manage your money through apps, knowing what you paid and how much you save. The first thing when you get your salary or wage, you take an amount already to save. You take a part of it to savings, and apart of it from responsibilities. You should always keep in mind to save then spend what's remaining rather than to spend then save what's remaining. It's a sure way to have savings and completely manage it using an application. That's how I do it.

Nowl1935

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For me there are lots of Easy method to manage money. Using a small notebook to track your spending. List all must pay bills such as rent, utilities, car payments, insurance, food and transportation costs(gas) Then everyday of the month write down every penny spent.
At the end of the month look at what you wrote and see where you can cut costs or not spend. Total it up. Minus the total from your monthly income. Using the balance What would be the maximum you could bank? If it is $35.00 then the first of the month make a check for $35 and put in savings. This is known as paying yourself first. It really works. So good luck

danherbias07

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Quote from: ethereumhunter on November 23, 2016, 04:15:37 AM

Quote from: JANGKRIK BOSS on November 23, 2016, 01:28:11 AM

Quote from: blackmachinegun on November 23, 2016, 12:11:22 AM

Quote from: freedomgo on November 22, 2016, 08:17:05 PM

Quote from: saiha on November 22, 2016, 06:39:45 PM

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

Then you can call these people as dumb, in the end they will just borrow money and will be in debt of the rest of their lives due to lack of self discipline.

you know to be rich you must have the discipline nature, you have the discipline to continue to save bitcoinmu, according to plan and the discipline to not be wasteful in the use of money, discipline is very important to you in your plan to save money

I think dicipline is not enough, we must smart also to manage our money. The best way to manage our money is invest. If you not have experiences to manage your money, you can pay fo a money consultant.

if we have much of money then its worthed if we rent consultant to help us to manage our money, but if our money is not much, then its not a good idea, better we trying to manage with ourself so anything happen is only our risk and only we that can save our money.

and you're right to say discipline is not enough and i think its really hard to do because we have to push ourself to make saving for our money and we should obey no matter the reason.

Financial consultants are okay if they will just attend to you twice or thrice giving you some tips or ideas to how it can be controlled or be managed. But having it at a full time will cost much and you might spend it all just for that person.

EastSound

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Quote from: ethereumhunter on November 23, 2016, 04:15:37 AM

Quote from: JANGKRIK BOSS on November 23, 2016, 01:28:11 AM

Quote from: blackmachinegun on November 23, 2016, 12:11:22 AM

Quote from: freedomgo on November 22, 2016, 08:17:05 PM

Quote from: saiha on November 22, 2016, 06:39:45 PM

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

Then you can call these people as dumb, in the end they will just borrow money and will be in debt of the rest of their lives due to lack of self discipline.

you know to be rich you must have the discipline nature, you have the discipline to continue to save bitcoinmu, according to plan and the discipline to not be wasteful in the use of money, discipline is very important to you in your plan to save money

I think dicipline is not enough, we must smart also to manage our money. The best way to manage our money is invest. If you not have experiences to manage your money, you can pay fo a money consultant.

if we have much of money then its worthed if we rent consultant to help us to manage our money, but if our money is not much, then its not a good idea, better we trying to manage with ourself so anything happen is only our risk and only we that can save our money.

and you're right to say discipline is not enough and i think its really hard to do because we have to push ourself to make saving for our money and we should obey no matter the reason.

For the bitcoin money management, there is no need to rent a consultant. We can just buy and hold it.

ethereumhunter

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Quote from: JANGKRIK BOSS on November 23, 2016, 01:28:11 AM

Quote from: blackmachinegun on November 23, 2016, 12:11:22 AM

Quote from: freedomgo on November 22, 2016, 08:17:05 PM

Quote from: saiha on November 22, 2016, 06:39:45 PM

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

Then you can call these people as dumb, in the end they will just borrow money and will be in debt of the rest of their lives due to lack of self discipline.

you know to be rich you must have the discipline nature, you have the discipline to continue to save bitcoinmu, according to plan and the discipline to not be wasteful in the use of money, discipline is very important to you in your plan to save money

I think dicipline is not enough, we must smart also to manage our money. The best way to manage our money is invest. If you not have experiences to manage your money, you can pay fo a money consultant.

if we have much of money then its worthed if we rent consultant to help us to manage our money, but if our money is not much, then its not a good idea, better we trying to manage with ourself so anything happen is only our risk and only we that can save our money.

and you're right to say discipline is not enough and i think its really hard to do because we have to push ourself to make saving for our money and we should obey no matter the reason.

mirakal

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Quote from: Xenophoto on November 23, 2016, 01:05:14 AM

Quote from: diegz on November 23, 2016, 12:19:58 AM

Quote from: freedomgo on November 22, 2016, 08:17:05 PM

Quote from: saiha on November 22, 2016, 06:39:45 PM

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

Then you can call these people as dumb, in the end they will just borrow money and will be in debt of the rest of their lives due to lack of self discipline.

It is with their lifestyle, I am sure that for a long time they've been doing that, I even see officemates who can't save because their salary is gone after signing the payroll or their ATM are already a collateral in an unpaid lending company. I believe that those who manage their money are from families who teach it to them during their young age, or those people who suffer poverty and get out of it and learn from their experience.

Or maybe they are just people who have enough IQ to not follow those dumb social media trends? People are just so afraid that they will be late with the trends that they end up spending so much money. It should be a common sense that you shouldn't buy those things because those will just not be the trend for a long time.

Following the trend would mean that you have to buy a set of expensive clothes every month because the trend changes so often. Actually, these type of people never actually had the money to follow the trend because most of the rich people that I know are focused on their expertise, they don't allot a time to follow the trend because they know that it's not worth it.

You have the best point so far, these social climbers want to have the lifestyle of the rich when in reality they cannot afford it. They wanted to have a good looks physically but mentally they are obsolete, even the richest person are still living a very simple life and they are more focus on their future than things that will just change sooner or later.

Positid

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Quote from: blackmachinegun on November 23, 2016, 12:11:22 AM

Quote from: freedomgo on November 22, 2016, 08:17:05 PM

Quote from: saiha on November 22, 2016, 06:39:45 PM

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

Then you can call these people as dumb, in the end they will just borrow money and will be in debt of the rest of their lives due to lack of self discipline.

you know to be rich you must have the discipline nature, you have the discipline to continue to save bitcoinmu, according to plan and the discipline to not be wasteful in the use of money, discipline is very important to you in your plan to save money

That's the hardest thing which is to sacrifice, we are just human and we have a lot of wants but with but we have to focus on our goals, and sacrificing our own happiness for a better one can help. The outcome should have a good amount of savings that we will be able to use for future business venture.

saiha

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Quote from: JANGKRIK BOSS on November 23, 2016, 01:28:11 AM

Quote from: blackmachinegun on November 23, 2016, 12:11:22 AM

Quote from: freedomgo on November 22, 2016, 08:17:05 PM

Quote from: saiha on November 22, 2016, 06:39:45 PM

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

Then you can call these people as dumb, in the end they will just borrow money and will be in debt of the rest of their lives due to lack of self discipline.

you know to be rich you must have the discipline nature, you have the discipline to continue to save bitcoinmu, according to plan and the discipline to not be wasteful in the use of money, discipline is very important to you in your plan to save money

I think dicipline is not enough, we must smart also to manage our money. The best way to manage our money is invest. If you not have experiences to manage your money, you can pay fo a money consultant.

Discipline and proper management of money and as well as time will lead you to success and that depends on how you will do it.

I think experience is not necessary but it is a plus for your way to success. And you don't have to hire money consultant.

Because you can just read some useful articles that will help you how to manage money properly that was made by them.

JANGKRIK BOSS

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Quote from: blackmachinegun on November 23, 2016, 12:11:22 AM

Quote from: freedomgo on November 22, 2016, 08:17:05 PM

Quote from: saiha on November 22, 2016, 06:39:45 PM

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

Then you can call these people as dumb, in the end they will just borrow money and will be in debt of the rest of their lives due to lack of self discipline.

you know to be rich you must have the discipline nature, you have the discipline to continue to save bitcoinmu, according to plan and the discipline to not be wasteful in the use of money, discipline is very important to you in your plan to save money

I think dicipline is not enough, we must smart also to manage our money. The best way to manage our money is invest. If you not have experiences to manage your money, you can pay fo a money consultant.

Xenophoto

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Quote from: diegz on November 23, 2016, 12:19:58 AM

Quote from: freedomgo on November 22, 2016, 08:17:05 PM

Quote from: saiha on November 22, 2016, 06:39:45 PM

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

Then you can call these people as dumb, in the end they will just borrow money and will be in debt of the rest of their lives due to lack of self discipline.

It is with their lifestyle, I am sure that for a long time they've been doing that, I even see officemates who can't save because their salary is gone after signing the payroll or their ATM are already a collateral in an unpaid lending company. I believe that those who manage their money are from families who teach it to them during their young age, or those people who suffer poverty and get out of it and learn from their experience.

Or maybe they are just people who have enough IQ to not follow those dumb social media trends? People are just so afraid that they will be late with the trends that they end up spending so much money. It should be a common sense that you shouldn't buy those things because those will just not be the trend for a long time.

Following the trend would mean that you have to buy a set of expensive clothes every month because the trend changes so often. Actually, these type of people never actually had the money to follow the trend because most of the rich people that I know are focused on their expertise, they don't allot a time to follow the trend because they know that it's not worth it.

diegz

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Quote from: freedomgo on November 22, 2016, 08:17:05 PM

Quote from: saiha on November 22, 2016, 06:39:45 PM

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

Then you can call these people as dumb, in the end they will just borrow money and will be in debt of the rest of their lives due to lack of self discipline.

It is with their lifestyle, I am sure that for a long time they've been doing that, I even see officemates who can't save because their salary is gone after signing the payroll or their ATM are already a collateral in an unpaid lending company. I believe that those who manage their money are from families who teach it to them during their young age, or those people who suffer poverty and get out of it and learn from their experience.

blackmachinegun

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Activity: 532

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Quote from: freedomgo on November 22, 2016, 08:17:05 PM

Quote from: saiha on November 22, 2016, 06:39:45 PM

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

Then you can call these people as dumb, in the end they will just borrow money and will be in debt of the rest of their lives due to lack of self discipline.

you know to be rich you must have the discipline nature, you have the discipline to continue to save bitcoinmu, according to plan and the discipline to not be wasteful in the use of money, discipline is very important to you in your plan to save money

freedomgo

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Quote from: saiha on November 22, 2016, 06:39:45 PM

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

Then you can call these people as dumb, in the end they will just borrow money and will be in debt of the rest of their lives due to lack of self discipline.

saiha

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Activity: 840

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Strength in Numbers

Quote from: MONKEYJUNK on November 22, 2016, 05:48:23 PM

Quote from: South Park on November 22, 2016, 05:00:06 PM

Quote from: Doms on November 20, 2016, 09:14:22 PM

Quote from: CloudStrife on November 20, 2016, 08:04:16 PM

Quote from: KennyR on November 15, 2016, 10:47:42 AM

Best way to manage money is possible through different method's. Even there are service providers who have been doing the process of managing for pay by generating check list.

Financial management can begin in a simple way, selecting what is really important for everyday life, and avoid wasting money on other things that may not be so important.
It may also be made by exchanging some items, more expensive, for cheaper things, available in the market, but that requires research by the consumer.

That is called living below your means. One of the reasons why people can't properly manage their money even if their salaries are increasing is because of lifestyle creep. We tend to adjust our lifestyles when we receive a higher pay, sometimes resulting in an even bigger spending. I am not saying that it is bad to adjust, but we should do it according to what we can afford.

Yeah, that reminds me of the saying is not what you earn is what you keep that is important, I know people earning twice as much money as me, but they don't have anything to show for except some expensive trinkets which they still owe, talk about mismanaging their money.

Lifestyle! You said it all, and 99% of people will spend more when they earn more, it's people enjoying life or buying things that they have desire.

The best way here is making a plan, ask yourself what willl you do with this money that you will have.

Yeah, there are people who are living the way they want and they are spending what they cannot afford for their lifestyle.

They always to be what's on the trend but as they spend their money, they are not managing it well. That's why I can say that I'm a good manager of my money.

I don't imitate them with their lifestyle and I just spend my money on the things that I need.

MONKEYJUNK

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Activity: 434

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Quote from: South Park on November 22, 2016, 05:00:06 PM

Quote from: Doms on November 20, 2016, 09:14:22 PM

Quote from: CloudStrife on November 20, 2016, 08:04:16 PM

Quote from: KennyR on November 15, 2016, 10:47:42 AM

Best way to manage money is possible through different method's. Even there are service providers who have been doing the process of managing for pay by generating check list.

Financial management can begin in a simple way, selecting what is really important for everyday life, and avoid wasting money on other things that may not be so important.
It may also be made by exchanging some items, more expensive, for cheaper things, available in the market, but that requires research by the consumer.

That is called living below your means. One of the reasons why people can't properly manage their money even if their salaries are increasing is because of lifestyle creep. We tend to adjust our lifestyles when we receive a higher pay, sometimes resulting in an even bigger spending. I am not saying that it is bad to adjust, but we should do it according to what we can afford.

Yeah, that reminds me of the saying is not what you earn is what you keep that is important, I know people earning twice as much money as me, but they don't have anything to show for except some expensive trinkets which they still owe, talk about mismanaging their money.

Lifestyle! You said it all, and 99% of people will spend more when they earn more, it's people enjoying life or buying things that they have desire.

The best way here is making a plan, ask yourself what willl you do with this money that you will have.

South Park

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Quote from: Doms on November 20, 2016, 09:14:22 PM

Quote from: CloudStrife on November 20, 2016, 08:04:16 PM

Quote from: KennyR on November 15, 2016, 10:47:42 AM

Best way to manage money is possible through different method's. Even there are service providers who have been doing the process of managing for pay by generating check list.

Financial management can begin in a simple way, selecting what is really important for everyday life, and avoid wasting money on other things that may not be so important.
It may also be made by exchanging some items, more expensive, for cheaper things, available in the market, but that requires research by the consumer.

That is called living below your means. One of the reasons why people can't properly manage their money even if their salaries are increasing is because of lifestyle creep. We tend to adjust our lifestyles when we receive a higher pay, sometimes resulting in an even bigger spending. I am not saying that it is bad to adjust, but we should do it according to what we can afford.

Yeah, that reminds me of the saying is not what you earn is what you keep that is important, I know people earning twice as much money as me, but they don't have anything to show for except some expensive trinkets which they still owe, talk about mismanaging their money.

Xester

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Activity: 994

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Quote from: armansolis593 on March 17, 2016, 06:47:37 AM

Quote

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 Grin

This one fits the right answer for the question,women really know how to manage money than most man.
I would also lose all my money from going out drink as i dont know how to manage the money i get.

I disagree with this!not all women are good in handling money, managing money is more difficult that time management, the expenses from daily lives was also difficult thats why we beed to double our effort in earning money. The best way to manage money wss also compute your expenses. Expenses should be lower than your income. always have balance on spending money.

Topic: Best way to manage money? - page 8. (Read 61127 times)