I don't think I'm much into managing but I do the best of my managing by avoiding unwanted spending into the gambling. I believe this itself gives a good managing.
You are right, if we avoid the unnecessary spending of our money, then we will able to manage our funds very effectively as we can focus only on investing and growing money rather than protecting it from any risks. But many people are going for gambling by saying with calculated risk. But I do see they are failing with their managements.
) and I din't think of that at the time but now I do save a little, some in bitcoins and some in fiat. I still think I spend a little too much on gambling, which I need to control. 
