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I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

This is why people save up first before starting a project whatever that may be. I am sure some people get it done and it is really possible for them. But you have to expect that if you were to start a project whether that is to build a house or start a business, you will be spending money and you will be spending a lot. So do not underestimate how much you will be spending. Make sure you have enough for the project and for everyday expenses.

Choose one of them and focus on ensuring that your cash flow is stable every month so that you can consistently set aside a few percent. Don't rush to take both because if your income stalls halfway, you will be confused. Try to make a comparison first, and once you have a strong foundation, then decide between saving or investing.

A man must work, work hard. If he can't work mentally, he must work physically. A man's project must be meticulously researched, with a rough estimate of the costs and necessary items that will inevitably arise during its implementation. You, OP, haven't even clearly defined what you want; we can only guess that you're interested in building a house or a new oil refinery (as one user recently planned). ;D
All you need is money! If you want a quality product, then saving is out of the question. First, you create, then you sell. If you create junk, you can skimp on everything. However, don't even dream of making a profit.

Yes it's possible for that to happen in a sense that you have your savings account and you received salary weekly or monthly and not just from a single stream rather multiple streams. You could channels your income to how you have decide it should go, let say you are earning $5k in total maybe from your different jobs and you could like send $2k to your project, $1k to savings while another $1k to your investment and the remaining $1k serving you as an emergency funds or cushion fund which could be used up at any given time so that you wouldn't be that in a hurry to go borrow or even suspend your project for any reason or even to alter your investment, with that emergency funds left with you it could be managed till when next another income comes to continue your project and split them as usual.

Having a project at hand is so important as it financial demands, because it will require for a perpetual funding, when we have something to do like such a project, to save up becomes a difficult task to do because the income flow we may be having will be channeled towards the ongoing project, this makes it then very necessary that we took time to understand why we should equally save up before embarking on a project.

Projects are not done without  prior plan plans that occasionally will have taken long process to design and in the plan money is the principal element that 70% must have been on ground for the project execution. Working on a project comes after you have made savings to it and not conversely cause that is where the impossible is.

Where your savings are exhausting you can take a  loan to complete the house building project. Bank loans are not paid immediately, you will be provided a timeframe before you will have to begin payment down to the interest. By then you have a house of yours and you can systematically complete your loan payments.

A mistake that people make is going for a house project size that is above their pay cheque and what their savings can cover. In the moment you miss on cutting your coat according to your size you suffer financial crisis.

It depends on the amount of money that you have.  Some people will have no option than to even borrow money to be able to complete the project. But some people can give investors offers that can entice them to invest and they will invest money on the project. People have different approaches towards having a successful project.

Another thing is that some people do not believe in saving fiat but they use the fiat for business instead. Building a project is also a business.

Obviously I can not pretend like I don't get your point. But it all lyes on the persons income and the value of the project (s).
Eventually you have not been able to afford your essential needs you can not be affordable to achieve something better in the same earning rate and expenses because your project funds are equally such as the discretionary funds we talks about in the Crypto investment.
While we can still meet other needs without being miscalculated on wrong plans so as to curb unnecessary expenses that may end us regrets of not actualizing our goals as a result of embarking on projects that our incomes can not afford.

Building a project means you will keep spending your hard earned money while having a job will be impossible or hard to do at the same time therefore making a saving when you are spending is not easy but possible if your project has separate budget allocated on it while you still generate passive income from investment or other business.

This is why preparing your finances is a must before you do a commitment on building a project because it’s time consuming and at the same time cost a lot of money that sometimes makes you extend your budget due to unforeseen expenses.

You don't just start a project when you have not saved to some extent or enough, if you want to startup a project, is not something you just wake up to do, even rich or very wealthy people won't make such mistakes because they understand that even though such project is an investment, they will have to get done with it before they will start profiting from, they also know how long it will take them to start profiting from such, so they plan ahead of time so that they can face other things as the project is going on, the smart move is have enough savings before building so that you won't get disturbed if you want to save while the project is on.

taking care of a building project is something that is finance demanding and so, it becomes hard to embark on that kind of project while carrying out other projects like savings. savings on it own is a project that is as unique as starting up a building project because each of them entails that you commit fully to it if you hope to get reward for engaging in them. going back to the question, is it possible to save money while handling a project particularly a building project? the answer is yes but then, another question then comes up which is that, is it easy to do both at a time, and for that, it is an emphatic NO.

It seems to me that either you have no experience in this or you are making it up. As others have said, the most logical thing to do is to save up before starting the “project,” and I put that in quotation marks because starting a tech startup is not the same as opening a restaurant. When your project starts up, you'll need to aim for positive cash flow, which isn't necessary in the early years and depends on the project, but it's not a question of whether it's possible or not, it's that if you don't, the project won't survive. Give us more details and we'll see.

You can be running your project and still be saving up money for the raining days i believe before people start any projects there have been plans and save for it, there must be as source of income before a project can be established people plan for project from their source of wealth and the project will also be established as another means of earning money if the project is base on what will generate income, if you eventually begin a project without any source of income the project might go half way without getting completed so you can be on a project and still save for tomorrow this is possible.

At the beginning of my earning life, I thought like you because my income was very low at that time. I could never think of saving money. The daily basic needs would push me from behind and I would fall again and again but I got up again and tried to increase the speed of earning. The accumulation project should be started in such a way that after you fulfill the basic needs, it teaches you to think differently like investing. I got up again to accumulate Bitcoin and built a dam so that the waves could not come and damage my investment. The need for this dam to protect the investment is immense and you need to understand its importance and build this dam of emergency fund. With the aim of holding Bitcoin for the long term.

Banking a project? A business? If your savings or/and monthly income are not big enough to manage/build it smoothly of course you’ll have problems financially. It is all about math. If your current income is not enough to handle the project you currently have in your hands then you either should manage a smaller project or increase your monthly income. It is as simple as that. There isn’t a magical solution to what you are describing and you are not the only one who experiences this problem. Lots of people manage multiple projects and still live like a king because their projects print munney. It is because those projects were structured correctly by their designer. One step at a time. Learn to walk before trying to run. Then you can fly, to the meeewn

I believe before one decides to build a house, the person must have already gathered a particular amount down for the project. So with the money you have, you can start your project and still be saving with extra income you get, but atimes due to cost of inflation of things in the country, there might be need for extra cash for the building and you take from the money you are trying to save but that doesn’t mean you won’t have any savings again because you mustn’t build up the house completely immediately. But before you start your project you must have already saved a reasonable amount before thinking of starting it.

That's why it's important to have a calculation about the cost to build the business, expected profit per month, break even point and knowing the business you create, whether it's just for quick profit or long term prospect.

Which mean, you need to have a lot savings in the first place, not use the whole of your money to build a business.

If you haven't reach that point, then work first.

It is possible with proper planning. But make sure that you have enough money to start the construction of the project and your source of income is intact. If you do not have enough money to complete the project and you run out of money midway through the project, it will be difficult for you to manage a project and save money at the same time. It is not clear what type of project you are talking about. The answer may vary depending on the project. However, you must have sufficient cash flow for any project.It is possible with proper planning. But make sure that you have enough money to start the construction of the project and your source of income is intact. If you do not have enough money to complete the project and you run out of money midway through the project, it will be difficult for you to manage a project and save money at the same time. It is not clear what type of project you are talking about. The answer may vary depending on the project. However, you must have sufficient cash flow for any project.

It is better to have a budget of how much a project will cost and make funds available.  You could save an amount that is enough to embark on and finish the project, or you could allocate part of your income to it either monthly or weekly.

If you don't have enough to save and also engage in a project, then you should do a scale of preference.  Arrange your needs based on level of importance and choose the most pressing one. If building a house is more important because your family needs it, focus on it until you finish it. Don't overburden yourself to avoid health issues.

Adequate preparation is the key to achieve anything you want to achieve in life so if you want to start up any project as a man you need to make good plans have some money reserved before you begin the project so that when you begin you will not find it difficult to complete your project. If you have a well paying job the best thing is to take your savings seriously then you can use the remaining to be doing your project and also feeding.

Building or handling a project is not making much sense here haha, because if you are handling a project then it can be as a developer in terms of software development, and if you are talking about construction then of course investment is needed, or maybe something else. You have to be more specific here.

But I will assume you are talking about building projects that require investment and not only skills. In that case, if you are handling such projects and you are spending money but also want to save money, then that is not possible. Your job is to build, and it requires some early investment, but once it is recovered then the profit is yours already and you can save it afterwards.

Or if you mean building with your own money with no rewards, and then asking how can we save, that is really a good question. Because if we are building a house for ourselves, we simply have to use our savings, and at that time we can't really increase them haha.

It's all about management. Small or big savings, all you have to do is to be disciplined on how you're going to do it. We understand that there's a huge expense to be used for projects that we're doing or something that we want to buy or achieve.

But don't settle that you will not be able to save anything for yourself. A buck or two is still a progress and forget about those late night parties that makes you spend all of your money as you build any project.

As they say, "if there is a will, there is a way".

Also, you need contingency plans so if one option didn't work, you have other options to fall back onto. You should not rely on only one source of income as well because that would be catastrophic if that won't work. So you should have other income streams that you can get in case something goes wrong with your plans.
Contingencies/alternatives will give you a fighting chance to survive with your business. Otherwise, would be easy to fall without the chance of going back. So before you embark a project, you should already have diversified your portfolio, as an assurance that if worst comes, you have other routes to go to.

What are you building, a house or a business?
These different projects needs a different perception and mindset towards it, if you are building a house then it's best to use the funding from a business that generates the funds for building a house, if you are earning a salary, then saving some parts of the salary for 10 years while starting to building a house is not smart for m.

Actually, money brings more money, it's best to use the total money to build a system that generates more money, where the profits can then be used to build a house. Imo

Although it depends on the type of project you want to Handle . Most project are those  ones that you wouldn't need to save money to start, but you can be doing it little by little and be feeding your family. But if you want save your money complete before starting up such project, am afraid you could spend all the money you have saved so far. Let's say you want to build house from the business you do or you want to buy car, if you already have land, you may be molding blocks little by little as you can afford when ever money comes. And it should be done in a way that the fund you spend for the building project will not affect your feeding money. Like wise to buy a car, if you want to buy a car and family responsibility is weighing you down, you could meet a car vendor and promise to be depositing money every month or Every week, by the end of 6 months to 1year you could be able to have gradually deposited an amount thatbis equal to a car. But if you decide to save it in the bank you may use it for other purposes. Like me the project I am doing now I didn't save the money as a family man but I do it gradually when I receive money because waiting to add up is a risk which I can not afford. Family consumption is one of the most expenses men do unknowingly.

You must find the best concept for achieving financial success, and people often think they can't if they don't have capital. The most important thing isn't how much capital you have to distribute your investments properly, but rather how consistently you maintain it to achieve measurable investments. It's impossible to develop your savings potential while building financial strength because saving won't give us the opportunity to achieve better financial success in the long term. The priority lies in a well-developed concept where you understand how to consistently generate money, even if it's sometimes small.

Saving without investing the money is actually not a productive thing that do any day. Having a project that you wants to finish is an investment and you can't prioritize saving over an investment, people should think of how they can finish their projects which they are embarking on before thinking about saving money.


People should always give attention to what adds value to them over what will not have much meaningful impact on them, because saving will play little impact in terms of the economic uplifting of an individual.

Often, they can use the money they've saved only as collateral. Depending on the project, it's possible to raise funds from investors, or specific loans for the industrial or business sector (in Brazil, we have a bank dedicated to this purpose). If someone wants to use their own resources, they should spend wisely, with maximum objectivity to maintain enough to complete the project. Saving at this point isn't a priority; otherwise, it would be better not to start.

If you have a project and it's truly successful, you might be able to find an external investor. Start looking for investors, work with them, and build your project. Your investors will already provide you with sufficient resources during this process. This will allow you to save money. Thorough research is essential before starting a project, including cost calculations and roadmaps.

Planning every detail in advance will give you more peace of mind. If you assume you'll solve problems as soon as you start, problems will multiply along the way, and costs will increase, making it harder to save.

Why do you force yourself to build a project?

It's better to learn something that you can sell your service without need to build a project, which mean become a freelancer. Technically the cost of freelance is low and you don't have to waste your money because you didn't build or stock a product.

It's like you're at stairs, you have reach the second step and then want to jump to sixth step, of course it's either you fall down or struggle to achieve it.

You save and invest, then you use the returns on investment to run your projects. Take note that it takes time and you may not be able to run more than one project at a time, but this is the right way to do it. You have to be patient, do your research on the right things to invest, then you work on your source of income. If your source of incomes increases, then you can afford to have more investments and be patient while the interest compounds.

The problem is a lot of people want to become rich overnight. They are not patient with their investments and they often spend their principal, instead of the returns on investments. If you fix these things, you are learning what is important in wealth building.

That's right, even though we know that what we're going to do could be profitable quickly and potentially significantly, we still have to prepare everything well, as you said. We also have to prepare an emergency fund because unexpected things can happen, considering that everything has risks. Even if we've done our best, we don't know when bad luck will happen. What you said is one of the best ways to manage money, because using income for various things is not easy and not everyone can do it.

It is very possible to save money while conducting huge project because not all will build from all the money they have but instead they built from what they're getting from there income, I can only use all the money I have to enback on a project when I already have some existing investment so that by the time I will successfully complete the projects with all the money I will need other money to buy something the initial one didn't complete and by doing this, it will come from the investment I had in mind so actually from the profit those things will start putting in place. So actually is important not to only think about how the money could complete the project but is also good to think about the circumstances after then.

I have worked with a lot of projects, especially crypto in marketing. And one thing that always pissed me off is that project leaders would rather save a penny than invest into their own business. Of course you should be careful and think thrice and even four times, before spending money... But saving money is just going to lead to destruction of quality and lower user retention.

Everything is planning if you plan well of course you can save money while you handle your project unless you don't plan well before embarking on the journey, though you may be right when you said that is not possible to save and also make a building at the same time. But if you have a good cash flow you won't find it difficult to make savings while building your project, because you can decide either to use your monthly income for the project and then use the profit you're going to make in your business or Investment for expenses and also for savings. So therefore I think the answer is yes"  is possible to save money when handling a project that's for those that have a good Cash flow.

Every work requires money. So we should give priority to money first. If you want to start working on a project, you should first know how much the estimated cost of that project can be and accordingly you should provide money. If in the future more money is needed, then you should also have knowledge about how you will manage your project at that time. That is why I think that there must be sufficient money before starting a project. So it is necessary to save money first and then spend it on the project. It is difficult to save money while working on a new project because there will be expenses and if someone focuses on saving without increasing it, then his project will have a negative impact.

You must have to save up money before venturing any projects out there and again when there are no good sources of income you could find it very hard to continue your project including saving money. In fact, you must first have something doing before you could think about having savings otherwise you can't carry out project when there is no source of income. Even though you saved money when there is no work where the money is coming from it would take long time for that project to be completed.

That'll be possible, depending on your sources of income too.it’s definitely possible to save money when handling a project.The major thing is smart planning,cost control,and resource management.However, it's not even everyone that can execute such goal

Of course, to achieve the desired success, we must work hard, and income is the main source. If we don't have enough money, or to achieve it, we must focus on prioritizing setting aside a large portion of our money for desired project goals. Finding or having other sources of income is a solution to solve everything, but we must struggle and work hard consistently to find sources of income so that the income generated is substantial. And planning or setting aside money for an emergency fund is also important because we will never know what will happen on the way to our goals, and set aside money in case the unexpected happens and we don't use the money that has been set aside for projects and other things because it will confuse you later.

In fact, your idea is fundamentally alien. Personally, I have never, and will never, consider saving money while building or working on a project. These are two completely contradictory things.

Construction time is a time for spending, not saving. You must have saved the money needed for the construction or project well in advance of starting construction. Therefore, it makes no sense to save during construction. You must complete all your work, and then you can build as you wish.

When you call it a project then it must come with an estimated cost for the completion or if you are talking about startup ideas then an estimated capital, one can start doing all the research while he is working and also save the money upfront atleast some part because once you started to pursue then it comes with own challenges when you can't afford to have lack of capital as one of the challenge or it can collapse the whole structure even if it has the potential to become one, so be smart and step by step is the right way to make it.

First of all, you can't do both. So let's say that you want to start up a building project, it's going to cost you money and this might take from the ones you have saved. You are right, it doesn't matter what project you are embarking it's not possible to save money. Personally what i do is to save up until when i have enough to start up. It's not even logical to save when you have an important project you are starting up

First rule is know your priority at all times. If you are saving for something, pause any other thing and focus on that. And if you have a project at hand, focus on it, until you are done with that. The mistake many people make is that, they allocate money into many things at a time, at the end of the day they leave all of them unfinished.

My experience working under a tech firm, made me understand the importance of having a milestone. At the end of each year, I draft my goals for the year, at the same time, breaking them into milestones by milestones so that I end up fulfilling all of them.

If you are building a project than yes you need to be focused 100% in order to get outcomes. We also might exhaust all of our savings for that one project thinking it will give us good profits in future. It depends on what project you are building though.

If you really believe in your idea and want this to be a success than you need to give 100% even if you have to exhaust all of your savings because you'll believe in yourself. The success of that project will depend on your dedication and efforts. You can't expect the project to be success without putting any efforts. Your savings will eventually turn 0 if you have full dedication on that one project. You might have to face a few hard days but your future can be bright if you maintain consistency.

Emergency fund IS bitcoin for me. I know that it goes down sometimes and that is understandable but if you do buy from the bottom then you are going to be fine and in profit even if there is a fall from the peak. If you bought bitcoin at 25k during 2022, that means even if we have a fall now, a crash, it will be over that price, so it's still a valid emergency fund for you. Not everyone thinks the same way but that is just how things are and we shouldn't be really considering that as a problem.

We are definitely looking at it like it's a different thing, but it is not really that different from other funds. Keeping your money in pure cash is the worst thing to do, and other assets have as much risk as bitcoin.

Even savings can help us achieve a better future because savings is something that will be useful in future for your endeavours. Most people will save some money thinking they might start a business or project in future. OP already seems to be working on a project and in this case it is okay if he is not thinking about savings anymore because at this time he should fully focus on his dreams and do whatever possible to achieve success.

Savings and building something can never go hand in hand. We will have to sacrifice something because working on a project will be expensive and we need to manage our finances accordingly. We can't think about cost-cutting if we really want to build something great.

Because it is hard to build and save money at the same time, is why you should save a lot of money before starting to build. If you are doing a good business or investment it will be easy to build without going through a lot of financial distress. Building a structure can be done when you have a good paying job, you can also save and build at the same time but your project might be delayed because you are saving and building at the same time, but when you have alot of savings in your account. You can build without our much in your savings until you finish the project.

That's a key note to a successful establishment of a project through the savings because one cannot cover themselves with loads of things budgeted to execute at once with the savings they're making, perhaps that's why the priority you introduce is another thing to make it happen because one thing should be taken care of at a time till is being completed before any other can have it physical representation. Some people are extremely good in savings but the management of the savings is what they do not have, that is why some persons sees money but they cannot create an assets through it. Having a purpose is a better conviction of savings because it takes away the persons mind from an unplanned things.

I want to assume the project did not just come up overnight. It was planned for, and while it was planned, it was budgeted for. So you knew how much it would cost. Normally, people save money for a project before the project starts. At least you need to have at least half of the money for the project before going into the project. So during the first phase of the project, you can save from your income while carrying out the project with the already saved money for the project
Everything is done according to your earnings. You shouldn't take on a project that's bigger than what your income can manage; you'd be overwhelmed. As long as it's within your means, you can plan for it, carry out the project and still save.

You cannot do these two things at the same time, handling a project and saving isnt possible...if I wanted to start a building project I would have saved up for it and planned on using those funds to do all of that...saving is down for a reason and it's either for future emergencies or for projects that you are planning to work on..so if you feel like you are still in that phase of saving then you should forfeit every project

The logic to save for a project is more better and same pattern has save a lot, if a person should think of doing both even when they’re rich despite the wealthy state sometimes they might encounter hard times either the project will take more time definitely both saving and project can drain an income faster. What’s the point saving when there’s no plan, I think doing both can still be profitable but requires a lot more funds besides saving can as well help the project push forward while doing both.

It definitely a difficult task to save and embark on a project at the same time, but it's still very possible to do both at the same, based on your income and the kind of project that you are embarking on. If you have a good plan for the project and how long you want the project to be ready, all you need is to have a good budget, so you know how much of your income goes to the project and what you plan on saving. This will be easier for someone with a high income. I still think the best thing for those with low income is to concentrate on one at the a time.

Before starting any project, you must save, if you do not have enough savings, then the project will not be possible to implement. Imagine one thing and that is if you want to start a business, then you will definitely need a lot of money to implement the project. Now if you do not have enough money to deposit, then you will not be able to implement the project. Therefore, before starting any project, you need to save enough money. Once the project is implemented, then you will have to hope to save from there. But remember that when starting a project, you must finish the project very well, otherwise there is no point in starting the project and especially in the name of saving money from the project, the position of the project cannot be worsened, none of it will be implemented.

If you are fairly confident that the project you are working on will succeed, it may not be a bad idea to take the risk of prioritizing it over saving. After all, this could give you the opportunity to earn a larger income in the future, which in turn would allow you to save a greater amount as well.

On the other hand, if the project has not gone through thorough preparation, it is better to think twice before taking action. Saving is important for the future because it can be very helpful in emergency situations. Do not take risks without careful consideration, unless you have multiple sources of income, so that if your project fails, it won't disrupt your life.

Op, you just brought a very nice discussion,but this has to do with planning,i know there must be little challenges while trying to balancing saving money when you are into project,but when you look at it in other way, you must have been saving or must have saved a lot befor project begins, obviously, when one is in the stage of starting or handling aproject, especially a huge project  like building one have to put it at mind that he/she has alot if money to spend, because definitely projects  consume a lot of financial resources and energy, even in businesses as well, no matter how little the project might be, one will eventually keep savings aside and focus on making his project a successful one.

However, saving comes first before project kickoff, and that plan will surely give you freedom safely during the project, so all the project allocations for each specific material are being calculated from the savings, which has nothing to do with your financial stability due to long-term plans.

Additionally, decision-making and financial planning play a huge role in this aspect, in essence, saving brings benefits in such a way that it eventually leads to a more successful project outcome in the future. It also makes one should focus on achieving goals without constant financial pressures and other circumstances.