How good are you at managing your money - page 19.

mrhelpful

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Quote from: jossiel on October 18, 2016, 07:00:39 AM

Quote from: ronaldo40 on October 18, 2016, 06:45:27 AM

Quote from: martinacar on October 12, 2016, 02:31:33 AM

I am pretty okay at managing my money every month I come on top positive and I still do what i like hobby wise etc.
I learned from young age how to handle and manage money carefully it's an important life skill to have.

if you were old enough I think they are always good in managing money. whereas for young people like me it was difficult to manage finances. because the emotional level is still high with everything they want and not for need. I experienced it, is quite wasteful in spending money.

That is why when you have kids it is better if you are going to teach them how to save money and money is important in our life.

But don't teach them to be greedy just tell them that saving money is the one that will going to help them to be a good financial analyst or advisor someday.

Just start with piggy banks to savings banks.

Yeah and I think letting them work for the money that they get from you helps.

It teaches them how to value money.

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Quote from: ronaldo40 on October 18, 2016, 06:45:27 AM

Quote from: martinacar on October 12, 2016, 02:31:33 AM

I am pretty okay at managing my money every month I come on top positive and I still do what i like hobby wise etc.
I learned from young age how to handle and manage money carefully it's an important life skill to have.

if you were old enough I think they are always good in managing money. whereas for young people like me it was difficult to manage finances. because the emotional level is still high with everything they want and not for need. I experienced it, is quite wasteful in spending money.

That is why when you have kids it is better if you are going to teach them how to save money and money is important in our life.

But don't teach them to be greedy just tell them that saving money is the one that will going to help them to be a good financial analyst or advisor someday.

Just start with piggy banks to savings banks.

ronaldo40

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Quote from: martinacar on October 12, 2016, 02:31:33 AM

I am pretty okay at managing my money every month I come on top positive and I still do what i like hobby wise etc.
I learned from young age how to handle and manage money carefully it's an important life skill to have.

if you were old enough I think they are always good in managing money. whereas for young people like me it was difficult to manage finances. because the emotional level is still high with everything they want and not for need. I experienced it, is quite wasteful in spending money.

hase0278

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All ill say sbout it is that im half good and bad at managing my money. I save my bitcoin always for a price rise and sell it accordingly when price rise. On the other hand, I use it sometimes to buy things I dont need but sometimes I use it to buy foods. I also save my fiat and use it buy what I want sometimes. That's why im not good at it and im not bad at it either.

hajimasan

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Quote from: tommorisonwebdesign on May 19, 2016, 02:49:24 PM

While we are all here on this forum to earn one way or another, how well do you manage that money after you've earned it. Do you trade your Bitcoin as fast as you can spending it all in a day or do you save it? I recently got paid for a job I did in programming and i keep finding myself wanting to spend more of that money i made. I have a lot of credit card debt and that is not good. I have destroyed only two ofg my credit cards to which I owe thousands of dollars on.

how do you spend your money?

since earlier i was using my earned btc from.here to make trading to earn fast but i usually got lost in last week much so i decided to save and thinking to start own faucet site to make better money .
so i think now i am managing my money in better option .

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Quote from: sishendaoye on October 18, 2016, 03:31:14 AM

Quote from: RobFre on August 20, 2016, 05:59:57 AM

I am really, really, really bad. I tend to spend money for EVERYTHING I like so I adopted this strategy: I keep only a tiny bit of the money I get and i keep the other part in a safe box. My self control is good enough to don't use them lol.

I am somewhat good in managing money because you have to be good in that otherwise you will have no idea on what you can and cannot spend money this month.
It is important to know how much money you have to put on the side for the important stuff.

Yeah you'll never know when something like an emergency will happen and it's better that you are prepared for such situations. I think keeping your savings somewhere that is not easily accessible would also be a good way to avoid unnecessarily spending them

sishendaoye

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Quote from: RobFre on August 20, 2016, 05:59:57 AM

I am really, really, really bad. I tend to spend money for EVERYTHING I like so I adopted this strategy: I keep only a tiny bit of the money I get and i keep the other part in a safe box. My self control is good enough to don't use them lol.

I am somewhat good in managing money because you have to be good in that otherwise you will have no idea on what you can and cannot spend money this month.
It is important to know how much money you have to put on the side for the important stuff.

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Quote from: Chennai on October 15, 2016, 02:07:37 PM

Always, we list down the requirements. Prioritize the urgent ones. Complete the tasks. If in case something is left, then save them. I usually keep 20% of my salary for an emergency expenses, it can be for medicals or can be for purchasing unexpected things. My spouse at times sits with me and brings out plans for saving a percentage of my salary.

That's right, at least you have your spouse to guide you also for your future, it is good if you both are earning so you can make a good savings in the future. And wait, maybe you forget to allocate something for your future investment, your emergency's should include buying your needs also but you need to grow your money fast by investment, by doing that you can retire early if your investment will be successful.

Chennai

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Always, we list down the requirements. Prioritize the urgent ones. Complete the tasks. If in case something is left, then save them. I usually keep 20% of my salary for an emergency expenses, it can be for medicals or can be for purchasing unexpected things. My spouse at times sits with me and brings out plans for saving a percentage of my salary.

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Quote from: martinacar on October 12, 2016, 02:31:33 AM

I am pretty okay at managing my money every month I come on top positive and I still do what i like hobby wise etc.
I learned from young age how to handle and manage money carefully it's an important life skill to have.

You are lucky you were train to manage your money even when you were still a kid, most of the parents does not train their kids because they want to give all the needs of their kids and sometimes parents failed to teach kids how to manage money, when their kids grow up, they will still keep asking money from their parents.

martinacar

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I am pretty okay at managing my money every month I come on top positive and I still do what i like hobby wise etc.
I learned from young age how to handle and manage money carefully it's an important life skill to have.

Mastsetad

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Quote from: Noctis Connor on October 11, 2016, 03:48:09 AM

Quote from: fatima zuhra on October 06, 2016, 05:10:02 PM

i think i am still learning and do not have such a good experience in managing my money, i think it need some good time to think about and manage that how to spend my money and not to waste it.

You will learn everything soon just dont push your self to hard to learn new things thay fast if you really want to work for it and you can manage your money soon while you are makinh trade for altcoins just dont waste your money investing.

I'm also still a learner because i don't have any big responsibilities yet because i'm single and studying, so i'm trying to learn the ways of managing money for future when i will have money in hands and have to do some savings with it.

freedomgo

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Quote from: clickerz on October 11, 2016, 10:23:03 PM

Quote from: Bitcoinsummoner on October 11, 2016, 11:43:15 AM

Managing money is not easy if you have a family 3 child and your wife have no works and you are the only who has job or source of income that you can live with your 3 child and wife.. you can not manage it well since my wife is too lazy and shes always eating without problem about bills every month because i am the only one who working for our family..
I can not save a lot in my salary thats why i collected bitcoins so that i have still a chance top be milionaire someday.

Thats true, if the father is the only provider its hard to budget your salary and in addition you have children who are in school. Daily expenses is rising, even though you are already done any kind of saving, but thats not enough. In todays time, you need to have an extra source of income to augment your family needs.

For me, I've learned my lessons and its really very important to SAVE. Differentiate needs from wants before buying an item.

I guess I can relate to this as I am a father myself, it is really hard if you only have one source of income as you need to cope up to the needs of your family, I have two children and my wife is not yet working so I need to work hard to give a good future for my family.

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Quote from: Bitcoinsummoner on October 11, 2016, 11:43:15 AM

Managing money is not easy if you have a family 3 child and your wife have no works and you are the only who has job or source of income that you can live with your 3 child and wife.. you can not manage it well since my wife is too lazy and shes always eating without problem about bills every month because i am the only one who working for our family..
I can not save a lot in my salary thats why i collected bitcoins so that i have still a chance top be milionaire someday.

Thats true, if the father is the only provider its hard to budget your salary and in addition you have children who are in school. Daily expenses is rising, even though you are already done any kind of saving, but thats not enough. In todays time, you need to have an extra source of income to augment your family needs.

For me, I've learned my lessons and its really very important to SAVE. Differentiate needs from wants before buying an item.

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Quote from: Mr. Big on October 11, 2016, 10:07:53 PM

Quote from: bitdumper on October 11, 2016, 01:29:56 PM

i am really good at managing my money specially when someone is paying for the work i have also done some managment services where i have managed some systems which are very much similar to signature campaingns and they have payed me too for it

You'll definitely going to be good at that since you are being paid by your employer and you have the fund to mange and you are not the one looking for the money to fund your self.. Try testing your managing skills in your own money and see what happens... You might have a lot of adjustments since managing other peoples money is easy compared to managing your own hard earned money..

That is true, it is like comparing when you are working as an employee on a certain company that having your own company or business. Our capability will be tested when we are managing our own money which I must say is very important as we cannot be a mere employee for the rest of our life.

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Quote from: bitdumper on October 11, 2016, 01:29:56 PM

i am really good at managing my money specially when someone is paying for the work i have also done some managment services where i have managed some systems which are very much similar to signature campaingns and they have payed me too for it

You'll definitely going to be good at that since you are being paid by your employer and you have the fund to mange and you are not the one looking for the money to fund your self.. Try testing your managing skills in your own money and see what happens... You might have a lot of adjustments since managing other peoples money is easy compared to managing your own hard earned money..

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i am really good at managing my money specially when someone is paying for the work i have also done some managment services where i have managed some systems which are very much similar to signature campaingns and they have payed me too for it

ronaldo40

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Quote from: Bitcoinsummoner on October 11, 2016, 11:43:15 AM

Quote from: praprata on October 11, 2016, 09:32:12 AM

How good am I at managing money? Well every month I am able to pay my bills, pay for entertainment and hobbies and also able to save.
So either I make too much money or I know how to handle and divide money pretty well! I think it's the second Wink

Managing money is not easy if you have a family 3 child and your wife have no works and you are the only who has job or source of income that you can live with your 3 child and wife.. you can not manage it well since my wife is too lazy and shes always eating without problem about bills every month because i am the only one who working for our family..
I can not save a lot in my salary thats why i collected bitcoins so that i have still a chance top be milionaire someday.

I can feel what you say, it will be really difficult to manage the money, especially if you don't have a high salary. but it seems the bitcoin can help you earn extra money, so you can manage your money better.
currently I am still single and don't have a lot of needs, so it's really easier to manage money than you.

Aamir1

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Quote from: praprata on October 11, 2016, 09:32:12 AM

How good am I at managing money? Well every month I am able to pay my bills, pay for entertainment and hobbies and also able to save.
So either I make too much money or I know how to handle and divide money pretty well! I think it's the second Wink

Someone with either management skills or extra source of income can be able to save money as you said, because the ones with management skills would save a part of their money while someone with extra money wont need to do that because he can easily save something from his extra income.

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Quote from: praprata on October 11, 2016, 09:32:12 AM

How good am I at managing money? Well every month I am able to pay my bills, pay for entertainment and hobbies and also able to save.
So either I make too much money or I know how to handle and divide money pretty well! I think it's the second Wink

Managing money is not easy if you have a family 3 child and your wife have no works and you are the only who has job or source of income that you can live with your 3 child and wife.. you can not manage it well since my wife is too lazy and shes always eating without problem about bills every month because i am the only one who working for our family..
I can not save a lot in my salary thats why i collected bitcoins so that i have still a chance top be milionaire someday.

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