How good are you at managing your money - page 43.

hermanhs09

hero member

Activity: 574

Merit: 500

Quote from: tommorisonwebdesign on May 19, 2016, 03:49:24 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?

I always do few ways to manage my money
I usually spend about 10% i got one week,for the recreational things,just to get relaxed.
45% i save for later on some wallet,the rest of my money earned last week (45%) i invest in some ways.
I do this every month,it yields me profit and if i will do something stupid i always have some money to cover myself.

OrangeII

hero member

Activity: 2072

Merit: 503

I guess the best way of managing the money you have is to split 60-40. the point is you save 60% of the money you get and 40% gunaka you for your need, it's probably a very good way

Ahab_Hunter_of_BearWhale

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Activity: 137

Merit: 11

Quote from: Barbut on July 06, 2016, 08:16:10 AM

I think I`m still learning about that, someone would learn million times by now, but I like to do things slowly. I wonder when will I finally learn to manage my money, cause its like going away from my hands when every I have something.
Maybe I need to do something really extreme to save my money, to lock it somewhere and to make some time lock, and like to be not possible to take money from that place after certain time pass. Or to give someone else to keep my money, to some trusty person, like parents, or some very good friend, I don`t know how smart it is to give money to my girlfriend.
I hope I will be better with managing my money in future, I need that if I wish something big to do. To save, save and save until I have some decent amount for some good investment.

I'd say find a spouse you can trust with finances, but be wise and realistic about where your both at, and it's probably not a good idea to give all your control and access to your finances to a girlfriend.

trickshot22

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Activity: 504

Merit: 250

Quote from: mrhelpful on July 04, 2016, 03:22:47 PM

Better the most people, but still hard to manage cause we live based on a consumer driven society.

So if I need to shell out $400-500 for a phone I will lol.

im really good at managing my money too, to be hones i think that the price is not going to go down that much any time soon, i hope that we will make some good money over time

Ahab_Hunter_of_BearWhale

member

Activity: 137

Merit: 11

The nice thing g about managing your finances is that, like morality, anyone can excel and do well with a bit of learning, wisdom, effort and self control. Saving, patience, delayed gratification and skepticism of news/mainstream - mutual funds are terrible, and so many groups are out to mismanage your finances for you, but positive personal qualities and a healthy skepticism towards private enterprise and societies ability to manage finances/have your best interests is helpful.
It's great people can share advice/opinions on sensible and helpful stuff anywhere in the world. There's a lot of problems in the world, but that's one cause for hope.

Tanic

sr. member

Activity: 294

Merit: 250

Money are going from my hands as water, but I have some amount "for the black day" that I'm saving drop by drop from time to time. My parents are disappointed about that I can't handle money and always teach me that I need to save it. But when I look on their life the ought the history - they saved money all the time in past and saved nice amount, but default came in 98-a to Russia and they lost almost everything they saved. So what me to expect from the future? To work as donkey and to lost everything I saved cause of our stupid politic? No way! So I'm spending my money as I wish.

Barbut

hero member

Activity: 1694

Merit: 502

★Bitvest.io★ Play Plinko or Invest!

I think I`m still learning about that, someone would learn million times by now, but I like to do things slowly. I wonder when will I finally learn to manage my money, cause its like going away from my hands when every I have something.
Maybe I need to do something really extreme to save my money, to lock it somewhere and to make some time lock, and like to be not possible to take money from that place after certain time pass. Or to give someone else to keep my money, to some trusty person, like parents, or some very good friend, I don`t know how smart it is to give money to my girlfriend.
I hope I will be better with managing my money in future, I need that if I wish something big to do. To save, save and save until I have some decent amount for some good investment.

entrepmind23

sr. member

Activity: 644

Merit: 261

I am slowly learning to properly budget my earnings so that I can pay off my debts and after that focus on investing. I was not able to properly manage my money before because of some careless and impulsive spending. I may have regrets in my decision but I learned from it and experience is the best teacher. I learned my lesson.

alplaxxx

member

Activity: 98

Merit: 10

I'm not good of managing my money, because my salary are to low comparing to my monthly expenses, may be I need more extra income for additional of my salary for me to have an equal expenses then I will save 10% or more than that.

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: tommorisonwebdesign on May 19, 2016, 03:49:24 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?

I am good in managing my fiat money since it goes to necessary expenses and blue chips investment. But regarding to bitcoin, I now heavy on exchanges, buy low sell high. I buy and sell doge and btc. I also play from time to time in online dice games that bet and pays btc - once I won at least 400k satoshi, I exchange it automatically when the price of doge is low. Once the open order is successful and the price of doge is high, I will open a lend order of my btc so that while waiting for the target low price, my btc are earning from loan interest rate.

I hope I shared something valuable this time

sorryforthat

hero member

Activity: 994

Merit: 500

Pretty good for the most part. Some months I go beyond my means, but I dont have much debt. House is almost paid off, cars are paid off, so I suppose I can manage to let a few months slide.

groll

sr. member

Activity: 336

Merit: 250

Quote from: tommorisonwebdesign on May 19, 2016, 03:49:24 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?

I am good at managing my money and bitcoins but my salary is not enough to pay my bills, send my wife to college, pay the nanny of my baby, daily allowance and etc. Though I'm good at managing but given my situation there's no more to manage. Luckily I am earning some satoshi good enough to supply the shortage on my budget.

Zooplus

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Quote from: dotajhay on July 05, 2016, 09:53:56 PM

Quote from: phreaky on June 29, 2016, 04:49:30 AM

Quote from: DeathProxyX on May 20, 2016, 11:15:26 AM

I'm bad with mine Cry

(cars, girls & restaurants).

But very good with other's money (because i earn from mamaging money

)

I am also pretty bad in managing money, I buy way to much food for sometimes for no reason. When ever I get paid I feel like I can do anything that I want but that mindset is wrong.
Even if you just received money at that moment you should already think about saving.

it is okay if you buy food but don't waste it for the nonsense thing like drinking alcohol , hangouts with friends or other thing that makes your money waste.

Alcohols could be bad for you but for me it gives me the benefits to relax, I work hard doing full time jobs and side job with bitcoin and only alcohol would give me time to relax and relieve my stress.

dotajhay

sr. member

Activity: 420

Merit: 250

Quote from: phreaky on June 29, 2016, 04:49:30 AM

Quote from: DeathProxyX on May 20, 2016, 11:15:26 AM

I'm bad with mine Cry

(cars, girls & restaurants).

But very good with other's money (because i earn from mamaging money

)

I am also pretty bad in managing money, I buy way to much food for sometimes for no reason. When ever I get paid I feel like I can do anything that I want but that mindset is wrong.
Even if you just received money at that moment you should already think about saving.

it is okay if you buy food but don't waste it for the nonsense thing like drinking alcohol , hangouts with friends or other thing that makes your money waste.

mrhelpful

legendary

Activity: 1456

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Better the most people, but still hard to manage cause we live based on a consumer driven society.

So if I need to shell out $400-500 for a phone I will lol.

takingthis4

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Activity: 504

Merit: 250

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Quote from: mammamiya471 on July 04, 2016, 02:26:47 PM

good enough to save and buy what i want...if i want to buy something i save some portion of my money until i can buy the thing that i want

same for me, if i want to save my money for something then i dont spend it on anything else because i always try to reach my aim if it is only possible to be honest

im really good at managing my money right now in my opinion, and i will always be like that, i hope that good money management will allow me to make maximum profit in the future

Doamader

hero member

Activity: 756

Merit: 501

Managing money im not an expert, but i always invest when i got enought funds to make what i wanna do or atleast before i purchase something i collect the money and when i got the total i purchase it i dont like work with credit that for me is just a delay a wall.

mammamiya471

newbie

Activity: 17

Merit: 0

good enough to save and buy what i want...if i want to buy something i save some portion of my money until i can buy the thing that i want

freedomgo

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Quote from: Ziskinberg on July 01, 2016, 04:10:12 AM

Quote from: phreaky on June 29, 2016, 04:49:30 AM

Quote from: DeathProxyX on May 20, 2016, 11:15:26 AM

I'm bad with mine Cry

(cars, girls & restaurants).

But very good with other's money (because i earn from mamaging money

)

I am also pretty bad in managing money, I buy way to much food for sometimes for no reason. When ever I get paid I feel like I can do anything that I want but that mindset is wrong.
Even if you just received money at that moment you should already think about saving.

We all have that kind of mentality sometimes, it is really hard to resist temptation especially when we already have the money in our hands.

Therefore we must exercise discipline with our self to be successful with our managing plan on our money, it is really risky for a person who does not know how to manage his funds as savings is a must for future unpredictable emergencies.

Ziskinberg

hero member

Activity: 2926

Merit: 636

Quote from: phreaky on June 29, 2016, 04:49:30 AM

Quote from: DeathProxyX on May 20, 2016, 11:15:26 AM

I'm bad with mine Cry

(cars, girls & restaurants).

But very good with other's money (because i earn from mamaging money

)

I am also pretty bad in managing money, I buy way to much food for sometimes for no reason. When ever I get paid I feel like I can do anything that I want but that mindset is wrong.
Even if you just received money at that moment you should already think about saving.

We all have that kind of mentality sometimes, it is really hard to resist temptation especially when we already have the money in our hands.

Topic: How good are you at managing your money - page 43. (Read 51545 times)