Topic: Dividing your salary. - page 26. (Read 18160 times)

This is a percentage for everyone, there is no universal recipe, if I tell you this is 20%, then what. You will think and say so much, I do not have enough for other things. I will say 5%, a little, extra money will be. Count and decide for yourself.

Budgeting your salary would depend on your needs and cost of living in your place. For me in terms of percentage this is what would I recommend you. For Rural and Urban City there are some recommended divisions, the 70|20|10 rule and the 50|30|20. Most of the time if you are living in an Urban City specially you are a minimum wage earner 70% is the safest division for your daily needs because of the cost of living. 10% for emergency funds and 20% is somehow advisable for everyone to be allocated on savings and invesments. Right now bitcoin is one of the best invesments in this era so allocating 10% or more from your savings would be nice and  decent enough if you are planning for long term investments.

Thats a good partitioning on your salary which 10% would really be sufficient just like yours i do allocate 10% of my salary on savings and 5% on crypto and 5% would be on banks for security purposes because i dont risk up too much on crypto no matter how good would be the return its always better to play safe since we wont really know when crypto investments would last.

Portion of my investment in cryptocurrency around 10% of salary. And even then it was a few months ago i started to stop buying and more focused at altcoin trading. Because i feel, it's time to open new business tap from 10%.

Thank you, I also hope that everything gets good with him, he is really important with me and my family as well, but I still want to give all his needs as I can, so I am trying my best that I can so I can give all his needs and a also a bright future as well. Maybe if you also have son or daughter you will understand me. Dividing my salary is really hard but I still have some of it to save.

I would advise you to save parts and share them with your daily needs. do an analysis of your total needs every month. oh yes do not forget to see the savings you have, i strongly suggest that we can divert money in bank savings and then buy some bitcoin. it will give us a chance to earn more profit. the ultimate goal is that we collect and exchanges as much money as possible we have to bitcoin. you will get a chance and prepare to save bitcoin in some time, if the profit is enough then do exchange back to local currency in your country. Understand trading and will be able to make some profitable decisions.

The distribution of wages is essential to our lives. You can spend 20% of your salary or more on bitcoin. That's right it will help you increase your income, you will earn double the amount of money you spent. When you think about investing in bitcoin.

Cryptocurrencies are highly volatile and its price fluctuates a lot on every news which comes out and is related to it.

If you want to invest cryptocurrencies then please make a rule of thumb. Invest the money which you are ready to lose and don’t invest the money which you need in short time.

It's totally subjective to how much your household earns.  If you are a standard American household that earns roughly $44,000, I would suspect you would save a smaller percentage than a household that earns $144,000 per year.  You have to live below your means and save, scratch that, INVEST as much as you can.  You have to realize that a dollar saved today is worth 2 dollar in ten years even with the most conservative measure of the US Stock Market Index.

I don't recommend anyone going all in on crypto with their investments, but, compared to many on this forum, I am a conservative investor.  I put about 33% of my savings into crypto and the remainder into my retirement accounts (IRA + 401k).  33% works for me at the moment and its been increasing over time as I have become more comfortable with it. 

As far as my household, my wife and I used to be savage savers because we were fortunate to be savers since we began working and took advantage of a bad housing market in 2012 so we got a cheap home.  We saved like 70% of what we earned for a couple years but all of our money went into index funds as I didn't know about crypto back then.  Since then we don't save nearly as much since shes isnt working and we added a little one to our family.  I still manage to pay the bills and save about 20% of my post-tax/insurance salary.  We can only do this because our home is paid off because there is no way we could seriously raise a family on just what i make alone in the super expensive housing market we are now in.

tl;dr, save as much as you can and diversify your investments so you can actually retire sooner rather than later.

Best of luck champ!

Different users have different necessity, with you majority of the salary goes on your son's medical needs. Hope everything gets good in the upcoming days with an possibility to invest into bitcoin at least a small portion from the salary. I don't have big needs, but earn little and safeguarding for the future.

Dividing salary is hard for me, especially we have a lot of bills, and we need to go to the therapist because of my son's condition which is hard for me to save a lot for his future and to trade to earn a lot of bitcoin, but I'm still trying for me to have a better savings, but as of now I don't have anything left in my bitcoin wallet.   

Well it all depends on how much is the cost of your daily expenses and needs like food, transportation and other necessities. The prices of such also matters, including how much is your salary and how expensive is your lifestyle. In my case, I’d invest 25%-50% of my salary to bitcoin because to me, investing in it is like my saving. Its a dual purpose. Plus the more practical you spend your salary, the higher percentage you could invest, that if you’re into bitcoin.

I think that you could use a half of your salary to invest on Bitcoin. Its price is 5.800$ right now, and it will go to the moon. You shouldn't miss the train. 

I would invest it all
You can invest in bitcoin and play it safe.
I would sell my house and dog to invest in BTC.
There are 20,50, 100% returns to be made.
And you can still be safe
I am not a financial advisor lmao

Bitcoin will surely be an safe investment in long term and you cannot have same level of faith in any altcoins as its price can crash at any time leaving us in a big loss and investing money in bitcoin is best in compare to saving money in banks where the interest rates are in peanuts but if you invest your money in bitcoins then you can expect huge profits in long term which is never possible with investing in any other product.

I still live at home and try to put 50% of my salary into coins

Indeed, investing in bitcoins is a good option as bitcoins continually go up. bitcoin grows too strong. It will cause heavy losses for anyone investing in altcoin. So, bitcoin is always the safest money.

I will share my salary for bitcoin as much as 50% and 25% for life for 1 month and 25% rest for traveling or having fun with my wife. I prefer investing in bitcoin rather than saving my money in the bank. my money in the bank can not increase to many times but in bitcoin can be increased to many times.

Saving money in bitcoin is more and more efficient then saving it in bank or in your home because if we see the past history of bitcoin then the bitcoin rate is increasing day by day due to which if you can save some money now then after some time you can get enough more money than your saving amount.

You could make some money off Amazons Mechanical Turk and other minijobs on the internet to get some money to invest.
But be careful do first check if such action would lessen the amount of unemployment benefit you recieve.