How good are you at managing your money - page 23.

danherbias07

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Quote from: Fanpant on October 05, 2016, 11:24:55 AM

Quote from: ?? on ??

Quote from: piloder on September 21, 2016, 11:08:00 AM

Managing money is really a tough work for anybody who earn limited amount just enough for their normal living. And ocassional parting, tour, aniversery, gifts add up more expenses which will empty all bank deposits which you are trying to save. I am under this category so i am not good or i haven't done any significant saving till now.

So I want to advice you that before you are going to spend your money make sure that you are going to use that for your priorities. And don't ever buy the things that you don't need and don't buy the things that you only want. Because if you are going to do that possibly is that you are going to have problem with you financially.

That is very general advice. When you have some bitcoin, it is better to save most of the coins.

It is general advice but some could not do it. Saving a lot of it gave me the chills of what ifs and some questions that makes me scared to the fact that it might gone wrong any minute. Then what? Everything will just be regrets.

Fanpant

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Quote from: piloder on September 21, 2016, 11:08:00 AM

Managing money is really a tough work for anybody who earn limited amount just enough for their normal living. And ocassional parting, tour, aniversery, gifts add up more expenses which will empty all bank deposits which you are trying to save. I am under this category so i am not good or i haven't done any significant saving till now.

So I want to advice you that before you are going to spend your money make sure that you are going to use that for your priorities. And don't ever buy the things that you don't need and don't buy the things that you only want. Because if you are going to do that possibly is that you are going to have problem with you financially.

That is very general advice. When you have some bitcoin, it is better to save most of the coins.

piloder

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Managing money is really a tough work for anybody who earn limited amount just enough for their normal living. And ocassional parting, tour, aniversery, gifts add up more expenses which will empty all bank deposits which you are trying to save. I am under this category so i am not good or i haven't done any significant saving till now.

buxlover

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You don't understand that, do you? Neither do I. But that's what comes to my mind whenever I see "Money Management". Grin

Maybe, you've understood by now. I'm never good at it. NEVER....

People mostly say, don't spend money on unnecessary things to save money which have been spent for that said unnecessary things! On my perspective, Money Management is something different. Restricting you expenditure is not actually Money Management, instead try to increase your possible ways of incoming.

And Money Management is completely relative. Only you can know what that is at what situation you're having right now.

Well, at your situation, you can reduce usage of your credit cards and think some ways(say some productive ways) to increase your income pool. Do part-time jobs. Above all, don't get tempted towards your situations. Be patient. And plan well. That's what I'm trying to do Tongue

Nowl1935

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Well to be honest im not pretty good in terms of managing money. I can't control myself in buying stuff or anything that i see on my eyes.
Therefore im not good enough in terms of handling money.

bamboylee

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Quote from: Hatuferu on September 18, 2016, 10:28:23 PM

Quote from: Ziskinberg on September 18, 2016, 08:28:06 PM

Quote from: pocarime32 on September 18, 2016, 07:39:27 PM

I'm not very good at managing my money, because i always using my money even i need it for something. I feel like i want use it because tomorrow we can earn it again. It's really hard for me to manage my money.

Our earning here is not permanent so you need to also to consider savings for the hard days in our life, although we are making money consistently what is important is we also think of our future that we may able to invest and grow our money.

You said it right, there is no assurance that we are going to earn everyday here because there is no permanent in this world in the first place. But, what we should do is be thankful and manage our money the right way, always consider to save regardless of the amount you are earning as that would help your future to succeed.

That is why you need not just savings but also some good investments. Savings for instant needs and investments provide income even if you are not working anymore. All of these you can do if you manage your money well while you are still healthy and can work.

AlexBits

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I'm pretty good at managing my money but I don't do it actively and maybe i should cause then I could safe up even more who knows.
It's very important to be good with money since the whole life evolves around money nowadays..

DavidoAlto

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I am pretty good at managing my money I always have enough left over at the end of the month to be able to safe up or invest more in bitcoin.
All i do is use a budget and hold myself to it.

italianobitcoin

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Quote from: twerdefnce on August 23, 2016, 03:05:52 AM

I am pretty good (i think) in my money management as i always have enough money for everything, i even manage to save some money each weekso i think i am good

I am also pretty good at managing money but I used to be pretty bad with it especially when I was still living with my parents.
Those times I was just spending money left and right but that time is over now and I have to manage my money for the sake of my self.

groll

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Quote from: pocarime32 on September 18, 2016, 07:39:27 PM

I'm not very good at managing my money, because i always using my money even i need it for something. I feel like i want use it because tomorrow we can earn it again. It's really hard for me to manage my money.

That was my belief before like a motto that it is okay to use it since we are working and that money's sole purpose is to be spent. And because of that I got broke. I have quit my work with no savings and having a hard time to find a job. It is really the way and what we believe in that makes us who we are. Let us be more frugal and more concern with the money that we earn. I want to retire earlier so I could enjoy my life. Every penny count.

freedomgo

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Quote from: Schuyler on September 19, 2016, 01:02:57 AM

Everything changes when you are starting a family, especially when there's a baby. What seemed to be a lot when you were single just won't be enough to feed at least three persons. I am the only one working right now because my wife is the one taking care of our kid. It is a bit challenging to manage our finances and I still have to find other ways to augment what I get from my day job. But I don't compromise on savings. I make it a point that there's a portion already set aside that goes directly into investment.

I can relate on your situation mate, I already have a family also and though sometimes I plan to save but the time would not permit as my earning is not that big enough to allocate for a good amount to save, especially when there is an emergency in the family that your children is not feeling well, you will be force to spend your money for the safety of your kids.

Schuyler

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Everything changes when you are starting a family, especially when there's a baby. What seemed to be a lot when you were single just won't be enough to feed at least three persons. I am the only one working right now because my wife is the one taking care of our kid. It is a bit challenging to manage our finances and I still have to find other ways to augment what I get from my day job. But I don't compromise on savings. I make it a point that there's a portion already set aside that goes directly into investment.

poptok1

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Quote from: Viyamore on September 18, 2016, 02:36:52 AM

Quote from: machinek20 on September 17, 2016, 01:54:22 AM

I am pretty good at arranging my money, I always take a note and write down what i have spend in one day and then i always spend my money carefully, like looking for a cheaper things in a store or hunting discount items, and if possible i will try to bargain and i always spare my money and save it in bank

Well that's great chief ,you smartly handle the inward and outward of cash that goes on your hand. I have a similarity on you when it comes on buying things ,i choose cheaper but quality products than expensive .but i don't jot down what i've spend . And i don't save money i keep on investing all of my money .

Have the same habits, I rather save than buy unnecessary things, just for sake of buying.
However I do my shopping accordingly to one rule, "not wealthy people can not afford to buy cheap stuff" thanks to this simple motto I can avoid most of today's crappy, one-time-use products. Few things may be expensive but in the long run its a profit. From electro equipment to clothing, more you spend at the start the less it will cost to maintain it. Economics combined with ecology can give surprisingly good results in the matter of money management.

8Habits

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Quote from: Hatuferu on September 18, 2016, 10:28:23 PM

Quote from: Ziskinberg on September 18, 2016, 08:28:06 PM

Quote from: pocarime32 on September 18, 2016, 07:39:27 PM

I'm not very good at managing my money, because i always using my money even i need it for something. I feel like i want use it because tomorrow we can earn it again. It's really hard for me to manage my money.

Our earning here is not permanent so you need to also to consider savings for the hard days in our life, although we are making money consistently what is important is we also think of our future that we may able to invest and grow our money.

You said it right, there is no assurance that we are going to earn everyday here because there is no permanent in this world in the first place. But, what we should do is be thankful and manage our money the right way, always consider to save regardless of the amount you are earning as that would help your future to succeed.

If we value enough our earnings and treat it with respect and as blessings, then we will spend it wisely only to things that is worthy and valuable. Worthy and valuable defers from each individual. Hence, that is why there are some suggested percentage on proper budgeting like 10% tithe, 30% investment, 20% savings, 10%, emergency and the like. Follow it strictly and you will never go wrong.

Hatuferu

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Quote from: Ziskinberg on September 18, 2016, 08:28:06 PM

Quote from: pocarime32 on September 18, 2016, 07:39:27 PM

I'm not very good at managing my money, because i always using my money even i need it for something. I feel like i want use it because tomorrow we can earn it again. It's really hard for me to manage my money.

Our earning here is not permanent so you need to also to consider savings for the hard days in our life, although we are making money consistently what is important is we also think of our future that we may able to invest and grow our money.

You said it right, there is no assurance that we are going to earn everyday here because there is no permanent in this world in the first place. But, what we should do is be thankful and manage our money the right way, always consider to save regardless of the amount you are earning as that would help your future to succeed.

Ziskinberg

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Activity: 3010

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Quote from: pocarime32 on September 18, 2016, 07:39:27 PM

I'm not very good at managing my money, because i always using my money even i need it for something. I feel like i want use it because tomorrow we can earn it again. It's really hard for me to manage my money.

Our earning here is not permanent so you need to also to consider savings for the hard days in our life, although we are making money consistently what is important is we also think of our future that we may able to invest and grow our money.

pocarime32

sr. member

Activity: 420

Merit: 250

I'm not very good at managing my money, because i always using my money even i need it for something. I feel like i want use it because tomorrow we can earn it again. It's really hard for me to manage my money.

bamboylee

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Activity: 1148

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Quote from: sishendaoye on September 16, 2016, 11:59:09 AM

I'm pretty good at managing my money but its also depending on what I myself want because if I want something I'm pretty bad with managing, I than just need to buy it.
I know that its not very good but I really have this problem.

All you need is to discipline yourself and train not to easily give up to temptations to spend. As you said, you already know how to manage your money, so it only takes a little more training so you can be perfect on financial management.

Viyamore

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Quote from: machinek20 on September 17, 2016, 01:54:22 AM

I am pretty good at arranging my money, I always take a note and write down what i have spend in one day and then i always spend my money carefully, like looking for a cheaper things in a store or hunting discount items, and if possible i will try to bargain and i always spare my money and save it in bank

Well that's great chief ,you smartly handle the inward and outward of cash that goes on your hand. I have a similarity on you when it comes on buying things ,i choose cheaper but quality products than expensive .but i don't jot down what i've spend . And i don't save money i keep on investing all of my money .

machinek20

hero member

Activity: 840

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I am pretty good at arranging my money, I always take a note and write down what i have spend in one day and then i always spend my money carefully, like looking for a cheaper things in a store or hunting discount items, and if possible i will try to bargain and i always spare my money and save it in bank

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