Topic: How good are you at managing your money - page 53. (Read 51575 times)
I am pretty good at managing my money. I usually save it or invest it in some altcoins. I also used to spend it on certain things like I always recharge my phone with bitcoins and sometimes I used to shop online with my bitcoins. I rarely gamble because I did not have good experience with gambling.
As soon as I get my salary I buy some part of bitcoin on monthly basis, and keep it safe in my wallet, and I also earn few from signature campaign, and this saving will be more profitable for me in future.
Basically I am a holder. I collect BTC - selling only when I need to pay for something huge.
I occasionally try to arbitrage trade some coins when I know for sure that big price spike is incoming due to some positive news.
But that is generally my strategy with BTC.
I occasionally try to arbitrage trade some coins when I know for sure that big price spike is incoming due to some positive news.
But that is generally my strategy with BTC.
Having had a bad experience recently, I prefer saving all my coins and never selling it till I am in need of fiat cash and cannot afford to save it any longer. I'll keep trading them but won't sell them for fiat. There cannot be a better investment than bitcoins even if we consider the volatility as the price is always better than other investment methods.
Since you've got a lot debt, it's really an issue and you need to clear it asap and then start saving. I don't believe in borrowing or taking loans and hence have no debt. May be waiting for your bitcoin value to increase and selling it then for a higher price may help you get some interest and clear your debts. That's the best way of spending bitcoins.
Since you've got a lot debt, it's really an issue and you need to clear it asap and then start saving. I don't believe in borrowing or taking loans and hence have no debt. May be waiting for your bitcoin value to increase and selling it then for a higher price may help you get some interest and clear your debts. That's the best way of spending bitcoins.
maybe i can manage my money but i can say that i'm not better to handle it , i always spend money for some needs especially when i am hungry 
but it's not all the reason , i spend money whenever i need to go to my cousins or i need to go to my mate whenever we need to do some school activities or projects or whenever i need to buy some stuff . the needs of all people is never ending .
but it's not all the reason , i spend money whenever i need to go to my cousins or i need to go to my mate whenever we need to do some school activities or projects or whenever i need to buy some stuff . the needs of all people is never ending . 
Well, when i received my money from signature campaign, i always spare some to invest and the rest for saving. I think it's already good for managing my money.
I thought it was a good idea dude. I just always spend bitcoin that I get from sign camp to gambling. so this is a very poorly managed. I wanted to change it
To be honest, I'd say I'm pretty average at managing my money. I will improve.
For example, in the past sometimes I'm completely irrational, like gambling my own hard savings away, or believing obvious scammers. I tend to learn from each case though, so that I don't get the same result next time
For example, in the past sometimes I'm completely irrational, like gambling my own hard savings away, or believing obvious scammers. I tend to learn from each case though, so that I don't get the same result next time
i am decent at managing my money and i have started learning the money management from my early age so that helps a lot too. and it is not so hard either. just spend on things that are required in your life for a while and try to pay your debts first. you can also keep a track of what you spend and what you earn.
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.
I'm pretty sure that's not how you properly manage your money. You don't try to escape your debts because, well, that's just wrong.I'm quite confident at my money managing skills. I usually always plan ahead of my possible expenses. I always keep 20% extra just in case of unexpected expenses.
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.
I'm pretty sure that's not how you properly manage your money. You don't try to escape your debts because, well, that's just wrong.I'm quite confident at my money managing skills. I usually always plan ahead of my possible expenses. I always keep 20% extra just in case of unexpected expenses.
Most of my money is managed through holding cash in my small vault near my bed.
I put $100 in my checkings account to maintain its stupid monthly fee, only if I`m getting money from someone.
The rest is with a coldwallet with the cash I have both together, slowly pushing towards the cash into the coldwallet more.
I put $100 in my checkings account to maintain its stupid monthly fee, only if I`m getting money from someone.
The rest is with a coldwallet with the cash I have both together, slowly pushing towards the cash into the coldwallet more.
I basically save whatever I can and don't spend a whole lot, and this includes my Bitcoin.
I don't have a lot of money in the first place, but the income that I do have goes to paying bills and making sure I'm not falling behind on any of that, and then I save the remainder for what will hopefully never be a rainy day.
It all depends on what you call being able to effectively manage your money, but I think I'm doing a decent job at it.
I don't have a lot of money in the first place, but the income that I do have goes to paying bills and making sure I'm not falling behind on any of that, and then I save the remainder for what will hopefully never be a rainy day.
It all depends on what you call being able to effectively manage your money, but I think I'm doing a decent job at it.
Hey, we have same strategy. I also manage my coins my spending less as more as I can. And for now I am earning 1k a week for simple job in bitcoin community and other forums.
I have a family to care about so I spend all my money on them (and on me too of course)). I never plan how to spend. Part of the money, around 30%, I spend on bills, and other part goes for food and some cheapest clothes you can find. I'm not saying my life is bad though. I have my own flat in one the biggets cities in Europe, and most of the time I buy pretty good food not thinking about how much it costs.
I say i am really bad in managing my money because when i get payment for my work i mostly spend my money on eating fast foods and buying electronics . Like when i get about 200$ or so i go and buy a new upgrade or my Gaming Rig . I buy new clothes every week . So i am not good at managing money .
Well, when i received my money from signature campaign, i always spare some to invest and the rest for saving. I think it's already good for managing my money.
Yes even I haven't spent my earning from signature campaign since long time, as I think it will be the good saving for bitcoin in future.
Well, when i received my money from signature campaign, i always spare some to invest and the rest for saving. I think it's already good for managing my money.
I'm pretty bad at it and I don't make as much as I used to. But I don't have credit cards so I don't live beyond my means. I guess I'm not as bad as I used to be.
About the same story here, never been too good with my money but i have been getting better lately. At least my rent is always up to date and bills paid.I also don't have any credit cards, got 1 sent to me as soon as i turned 18 i think and it went very bad but that was years ago now so i lernt my lesson the hard way on that.
Since my work hours got cut when sales went down a few months ago i have had to survive from paycheck to paycheck.
This has become the case for most people with credit,debt has suddenly become seen as a good thing because the interest rates are so low.
Once we adjust there will be a generation or two that never knew interest rates could be so high and have never known 15% in their lives.
There is a reason why car companies are getting into the the business of debt,they can make 5 times more money this way.
I'm pretty bad at it and I don't make as much as I used to. But I don't have credit cards so I don't live beyond my means. I guess I'm not as bad as I used to be.
About the same story here, never been too good with my money but i have been getting better lately. At least my rent is always up to date and bills paid.I also don't have any credit cards, got 1 sent to me as soon as i turned 18 i think and it went very bad but that was years ago now so i lernt my lesson the hard way on that.
Since my work hours got cut when sales went down a few months ago i have had to survive from paycheck to paycheck.
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?
Honestly speaking I am newr good at manging money. Be it in giat or in bitcoins. I try to save my money as much as I can but at some point I had to spend those saving for daily expenses when I don't hve enough money so I ended up loosing all my savings eventually. Maybe it's just me being jobless that I always ended up with no saving. I'm trying to find a job tho but I have to save money still so I can cover up for my living expenses and job requirements. It sucks trying to support my own. how do you spend your money?
I basically save whatever I can and don't spend a whole lot, and this includes my Bitcoin.
I don't have a lot of money in the first place, but the income that I do have goes to paying bills and making sure I'm not falling behind on any of that, and then I save the remainder for what will hopefully never be a rainy day.
It all depends on what you call being able to effectively manage your money, but I think I'm doing a decent job at it.
I don't have a lot of money in the first place, but the income that I do have goes to paying bills and making sure I'm not falling behind on any of that, and then I save the remainder for what will hopefully never be a rainy day.
It all depends on what you call being able to effectively manage your money, but I think I'm doing a decent job at it.
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