How do you budget your money in a day - page 4.

Oasisman

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Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

Budgeting money in a day? Meaning how do I distribute money to the things that I need to spend with everyday? This is more like "how do you save money in a daily basis.?" Simple, your necessity is always your priority, never ever spend more than what you earn from your day job or any other sources of income. Aside from my day job, I also earn from the services I offered and Investments in Bitcoin, and right now Im rather saving my Bitcoin for my future than fiat in my currency.

burong1

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Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

It's hard for me how to budget my money, but I think is the best way to budget my money is to buy only what I really needs because as a teenager we should know how to handle or how to budget our money, not All teenager know how to budget because a lot of teenager nowadays is if they have money they buy what they want even though they don't need it and they are not thinking what's for tomorrow .

Wintersoldier

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Quote from: lazaruseffect11 on November 22, 2017, 08:29:22 PM

Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

There are many creative ways on how to manage or budget your money in a day. For me, i manage my money by spending it wisely. I spend most of my money for a day to my daily needs like food. I dont buy some things that i want unless it is badly needed. We should be responsible enough for us to manage our money well.

Daily money managements is very important. This will serves as our basis in our daily budget. I never spend money higher than what i earn. It saves me from the burden of being in debt. I also spend more on things that i need rather than things that i want. I always think a step ahead on my liabilities to avoid penalties and unnecessary charges.

Gandam23

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Quote from: Hydrogen on November 22, 2017, 05:52:21 PM

I think rent and food usually take up the largest chunk of a person's paycheck. Rent costs usually can't be changed so food is the first thing most people focus on. Value meals at fast food restaurants are what many would resort to. There are recent health trends which claim fasting 16-18+ hours a day can have a healing/regenerative effect on a person's body. Fasting can also help reduce cost per day spent on food and have health benefits as well. There are a lot of little things a person could do to save money on food. Buying a 5 gallon jug and filling it with potable water at supremarkets rather than buying starbucks coffee or something else. I think they charge around 50 cents for more than a gallon of drinking water which is much cheaper than 50 cents for 12 fluid ounces of what you'd get in a can of soda.

Cost savings extend to entertainment. Doing things for fun that don't require money to be spent. I never took any of this seriously but I did save near to $10,000 inside 2-3 years, once. Just by being a boring person, not going out all the time, with my main source of entertainment being hanging out at a skatepark trying to learn new tricks on a skateboard.

As a student i actually budget my money to save it. Because i need it when i have something to pay in school especially in academic purposes like projects and assignments.

octobercoinph

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Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

Well, in budgeting you have to plan ahead of time of what to spend and what save. You must be a stickler of plans for you to have a sound budgeting. You really don't need a strategy. You just need a plan. And you must follow it.

biyaya

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As a student, I budget my money by putting 40% on my savings, 25% for my food, another 25% on my transportation, and the other 10% is for my other expenses like school supplies.

Babylon

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Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

I am not good into budgeting my money for one day. Most of the times I will alot an allowance for that week and just before the week ends, I need to patch up my allowance because I am already short of money. I will just buy things that I like and I think I am always hungry. Well, thatbis because all the earnings I made with bitcoin is just in my wallet. All are saved.

Mr.John19

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For me, budgeting is too hard because I am the person have habits to buy more gadgets and more shoes and very friendly because if I have extra money I call my friends to have fun. The budget for me is a worth.

Sled

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Quote from: albert11 on November 28, 2017, 08:20:30 AM

Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

I bet, you will become rich someday as you know how to save right now. I am not good with my finances. I will buy anything that looks appetizing to me. Yes, I love foods but as to gadgets and other material, I am not a fan. But after knowing bitcoin, I tend to become wise in spending my money.

You really need to save money, a lot of money in order to become successful in the future because that is one of the effective way to be prepare and to have a lot of choices for doing investments in the future. Day by day, life is getting hard in my opinion and if you will not do anything with your finances then you will not become successful someday.

imking

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The strategy in budgeting my daily allowance. I separate my money so that I know how much my need to my daily food allowance, transportation. So that It easy identify how much is my saving. I keep it so that when the price of the bitcoin fall I have money to convert to the bitcoin.

amih

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Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

Maybe you mean about how to manage our finances in everyday life. of course I agree with you when we have to set aside some of the finances we have for a life in the future.

albert11

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Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

I bet, you will become rich someday as you know how to save right now. I am not good with my finances. I will buy anything that looks appetizing to me. Yes, I love foods but as to gadgets and other material, I am not a fan. But after knowing bitcoin, I tend to become wise in spending my money.

Cointertrade

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Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

Budgeting your money was a wise decision towards a great future. I think it would be great if you can do it by dividing your money for every necessities. So just always think and be wise especially if money is involves.

stephanirain

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Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

In my own personal opinion, to budget your money in a day you should think first what possible things that you need to spend to like your foods, your trips and other expenses. I always do that before i left home so i could not have any problems in using my money in my everyday life.

CircularLoGic

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Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

I think you tried to say how much money do we use daily of our monthly income ?
I do get paid almost 2k to 3k in monthly salary and I use roughly 2000$ as expenses for living and using the rest
when I get paid high to invest in crypto. I do have some coins on cold storage and other used for daily trading.
So I think that almost in between a 15% and 30% of my monthly income goes to " Savings " .
Hope this clear your question asked.

arief89

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Quote from: jamzjosef on November 22, 2017, 05:25:22 PM

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

Your words are hard to understand but I'm trying to guess what you mean ...
A good financial management strategy is to shop as needed, do not shop for anything if you do not need it, then write down our fees, so we know our costs so far and can handle it well ...

wRexz

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For everyday purposes I always make a fixed budget of my daily expenses. I usually set about 2-5% per day from my income, for other purposes eg for unexpected expenses I budget about 10-15% of income. Many ways to make our spending budget for example through the application of our smartphone.

Rufsilf

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I usually don't budget my money because i usually eat in my house and because of that i can save a lot of money because i don't need to go to fancy restaurants or even in the fast food chains nearby at my house and since i have my own car and it is electric then i don't waste too much money on gas which also helped me to save a lot of money.

Budugbass

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As a student I think you have a very good thinking, it's very worth to do.. to avoid the habits of wasting a money.

As well as me, I'm focused it on saving rather than spending too much. I always prioritize the most important needs than any other needs in my daily life, if it's not too necessary I wouldn't to buy it. I prefer saving the money that I get/have, rather than spending it on things that are not so important.

Honest Tim

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Quote from: Hydrogen on November 22, 2017, 05:52:21 PM

I think rent and food usually take up the largest chunk of a person's paycheck. Rent costs usually can't be changed so food is the first thing most people focus on. Value meals at fast food restaurants are what many would resort to. There are recent health trends which claim fasting 16-18+ hours a day can have a healing/regenerative effect on a person's body. Fasting can also help reduce cost per day spent on food and have health benefits as well. There are a lot of little things a person could do to save money on food. Buying a 5 gallon jug and filling it with potable water at supremarkets rather than buying starbucks coffee or something else. I think they charge around 50 cents for more than a gallon of drinking water which is much cheaper than 50 cents for 12 fluid ounces of what you'd get in a can of soda.

Cost savings extend to entertainment. Doing things for fun that don't require money to be spent. I never took any of this seriously but I did save near to $10,000 inside 2-3 years, once. Just by being a boring person, not going out all the time, with my main source of entertainment being hanging out at a skatepark trying to learn new tricks on a skateboard.

I think anyones most expense is in on food, like spent most of my daily allowance in food almost 60%,
Then I would say about 10% in for my transportation fare and 15% for gaming in some internet shop or load for and another 15% for saving. The truth of course is that emergencies are bound to happen and we cannot run away from them, and this is why savings can really be of huge help in situations like this. Definitely, savings should be planned because I have always believed that investing is far better than just saving everything in a bank.

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