Best way to manage money?

[bamboylee]

My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.

Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.

That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments.

Well, it's depend which country is he live. For me 50% of my total income to savings is too much, because it can't covered my daily things, like eating. But i always motivate my self to manage money.

You are not alone in that. I can say most of us here cannot save 50% of  his total income. It is really hard to do especially in today's economy. It is good if you can do it but it is not really doable by a minimum wage income earner. 

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[0day]

My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.

Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.

That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments.

Well, it's depend which country is he live. For me 50% of my total income to savings is too much, because it can't covered my daily things, like eating. But i always motivate my self to manage money.

You are not alone in that. I can say most of us here cannot save 50% of  his total income. It is really hard to do especially in today's economy. It is good if you can do it but it is not really doable by a minimum wage income earner. 

Yeah, there are about 90% people who are unable to save anbout 50% of their earnings, some of them are trying to work for double time so that they come to save some money and start some good business, but still unable to save, as I saw them in my real life.

[bitcoinboy12]

My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.

Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.

That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments.

Well, it's depend which country is he live. For me 50% of my total income to savings is too much, because it can't covered my daily things, like eating. But i always motivate my self to manage money.

You are not alone in that. I can say most of us here cannot save 50% of  his total income. It is really hard to do especially in today's economy. It is good if you can do it but it is not really doable by a minimum wage income earner. 

Yeah, there are about 90% people who are unable to save anbout 50% of their earnings, some of them are trying to work for double time so that they come to save some money and start some good business, but still unable to save, as I saw them in my real life.

True story. And that's how most of the cases are nowadays. If you really think about it, there really is a way to beat this norms. Being exposed to Bitcoin and other investment opportunities helped me to realize this. I know it's hard but it really is much wiser to save - as this will be for your own benefit.

[RealPhotoshoper]

Saving and investment is an integral part of wise money management.One should save at least 20% of his earnings for future and if possible invest 10% in some good business opportunity.Bitcoin is certainly one of them

I do 15% of my salary invested in bitcoin and another 15% savings for future needs and i feel it was my best to manage money, try this.
The most important to manage your money is to stick to the rules , don't stop in the middle. Keep it up until the end of plan.

[co5hike]

My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.

Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.

That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments.

Well, it's depend which country is he live. For me 50% of my total income to savings is too much, because it can't covered my daily things, like eating. But i always motivate my self to manage money.

You are not alone in that. I can say most of us here cannot save 50% of  his total income. It is really hard to do especially in today's economy. It is good if you can do it but it is not really doable by a minimum wage income earner. 

Yeah, there are about 90% people who are unable to save anbout 50% of their earnings, some of them are trying to work for double time so that they come to save some money and start some good business, but still unable to save, as I saw them in my real life.

True story. And that's how most of the cases are nowadays. If you really think about it, there really is a way to beat this norms. Being exposed to Bitcoin and other investment opportunities helped me to realize this. I know it's hard but it really is much wiser to save - as this will be for your own benefit.

Yeah saving will always be helpful in long run, and if you start saving from now then you can have a good amount at the end which  can be helpful at the time of emergencies.

[bitbunnny]

I'm terrible in money managing, so I think this is a good skill to have. Or to learn. But I've never succeded, most of the time I'm having wrong decisions and the end I have a lack of money. 

[TastyChillySauce00]

I'm terrible in money managing, so I think this is a good skill to have. Or to learn. But I've never succeded, most of the time I'm having wrong decisions and the end I have a lack of money. 

you need to hire a Money managing consultant or atleast, you can save your Money,and told your brother or anyone who close with you to change the PIN and let you don't know, so, you'll not going to take your Money again

[arbitrage]

I also have many cases, i have wasted many chances for earning, because i was to late or i fall asleep when
everything started.. Or even better i have forget some orders to cancel..Better organization is what i need.
Trading is very hard job and there is no space for stupid mistakes.

[Kartikay]

Yes credit cards apparently make you pay more and are heavy on your pocket. You should save money by making a monthly target and try to stick on your path as long as possible.One more thing that you can do is try to reduce your electricity bills and water bills as much as possible.This will save environment as well as your money.

[possum34]

Best way to manage money is the 70-10-10-10 rule.
70 goes on bills and living
10 goes to saving/investment account
10 goes to items you don't need, but we buy anyway. We still need to enjoy life.
10 goes to charity/churches/helping others etc

Budgeting:
Part of effective money management and wealth creation is accounting for your coin.  If you have no idea where your money is actually going , you don't have a chance of controlling and growing it.

As we travel our journeys, our lives become more complicated.  Most of us juggle family, friends, careers, health and money and usually we do a pretty good job of balancing these matters out. Unfortunately though , some people engage in a real tangle and tussle exercises when it comes to the money side of things. This occurs for several reasons, often through no fault of your own.  That aside, the result is the same.  People end up feeling pressured and frequently depressed over their financial affairs.

To avoid becoming tied up in over the green stuff, budgeting is and essential exercise we should engage in.  Everybody in my books should do it. It dosent matter if you are and individual, a family unit, a company or a government.  It dosent matter if your extremely rich or poor.  It dosent matter if you're self-employed or work for someone else.  It dosent matter if you earn $30k a year or $3million a year.  The bottom line is we all need to know whats coming in, and whats going out, and most importantly, what the gold coins are actually doing for us. 

So the best way to manage money is budget. Money secrets 101

[Corenin]

Whatever salary I am earning I am saving a part of it and rest investing in multiple products as I am sure investment will be profitable in long run and saving will help me in emergencies.

[Pattart]

Saving and investment is an integral part of wise money management.One should save at least 20% of his earnings for future and if possible invest 10% in some good business opportunity.Bitcoin is certainly one of them

I do 15% of my salary invested in bitcoin and another 15% savings for future needs and i feel it was my best to manage money, try this.
The most important to manage your money is to stick to the rules , don't stop in the middle. Keep it up until the end of plan.

I think 15% is too small to invest in bitcoin ? unless a large enough salary between $10k per month.
I only have a small monthly salary of $ 500/month I use more than half of it to buy bitcoin. because I believe in the future of bitcoin. and the remainder to be saving

[ronaldinho_07]

The ammount invested at bitcoin doesnt matter at all as the person believes at bitcoin and cant put all his finances just at it.And if you are investing 50%from your salary means you dont live alone maybe with parents soo your wages are lower.The thing is each one may choose the way they wanna handling their finances ,just keep them balanced is more then enought if are ambitious person will invest at bitcoin a part of those income.

[shane]

Whatever salary I am earning I am saving a part of it and rest investing in multiple products as I am sure investment will be profitable in long run and saving will help me in emergencies.

i manage my money in 4part : some of my money i save for emergencies future, some of my money i invest at bitcoin, some of my money i use it for daily cost then a part of my money i share to some people like my mother etc.

[iram66680]

First rule of thumb is to have some money to manage. 
Second is to know how the markets are so if you plan on making more from the money that you already have you are prepared to know what you are getting into.
Third is to have an exit plan. If the price of your investment goes down know when is the right time to get out before you lose it all.
That is good money management to me 

[BitcoinMalaysia]

When it comes to managing money, I would advocate the following:

In your 20s, the reality is that bills to pay would make up a large part of how you spend your money. Save 10%, invest 10%.

In your 30s and 40s, investing should increase as you build up your investment component. Invest 30%, save 10%.

Then in your 50s, investing and savings dwindles as you prepare for your twilight years.

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[Superways]

My personal strategy is to save 50% of my monthly income in fiat money and 75% of my monthly income in Bitcoin. 40% of it for long-term savings. 10% of it for unexpected spendings like new car parts etc.

Indeed, it is not easy because you need a lot of self-discipline over a long time frame to do this.

That is too much i think. Your taking more than 50% of your total income to savings. Are you sure you can keep that up? Don't you have any other expenses? BUt if you can do it, you'll be set in no time to make large investments.

Well, it's depend which country is he live. For me 50% of my total income to savings is too much, because it can't covered my daily things, like eating. But i always motivate my self to manage money.

You are not alone in that. I can say most of us here cannot save 50% of  his total income. It is really hard to do especially in today's economy. It is good if you can do it but it is not really doable by a minimum wage income earner. 

Yeah, there are about 90% people who are unable to save anbout 50% of their earnings, some of them are trying to work for double time so that they come to save some money and start some good business, but still unable to save, as I saw them in my real life.

But I think for villagers in the third world country it is not a problem to save about 50% of their income, I have saw some people who save about 90% of their earnings, I have heard about a family of a village where a house has a net income about $14000 and they spend about $1500 or less of it.

[iv4n]

When you have money you can think of ways how to manage it, when you are broke and you are always short for something then managing money doesn't have a lot of sense.
With very low monthly income it's a bit hard to invest one part, to save, and to spend for daily needs. In a place where I live its like all out lives we are walking on egde of a sharp knife.
People who have money can think about ways of saving and manage money, in my case investing small amounts and hoping for some big win is all I can do in this moment.

[hendra147]

Best way to manage money is the 70-10-10-10 rule.
70 goes on bills and living
10 goes to saving/investment account
10 goes to items you don't need, but we buy anyway. We still need to enjoy life.
10 goes to charity/churches/helping others etc

Budgeting:
Part of effective money management and wealth creation is accounting for your coin.  If you have no idea where your money is actually going , you don't have a chance of controlling and growing it.

As we travel our journeys, our lives become more complicated.  Most of us juggle family, friends, careers, health and money and usually we do a pretty good job of balancing these matters out. Unfortunately though , some people engage in a real tangle and tussle exercises when it comes to the money side of things. This occurs for several reasons, often through no fault of your own.  That aside, the result is the same.  People end up feeling pressured and frequently depressed over their financial affairs.

To avoid becoming tied up in over the green stuff, budgeting is and essential exercise we should engage in.  Everybody in my books should do it. It dosent matter if you are and individual, a family unit, a company or a government.  It dosent matter if your extremely rich or poor.  It dosent matter if you're self-employed or work for someone else.  It dosent matter if you earn $30k a year or $3million a year.  The bottom line is we all need to know whats coming in, and whats going out, and most importantly, what the gold coins are actually doing for us. 

So the best way to manage money is budget. Money secrets 101

wow it's good money management, your budgeting make me interesting, i think next month after i get my salary, i will use your budgeting system. i think i can have good life with your budgeting system

[KennyR]

Whatever salary I am earning I am saving a part of it and rest investing in multiple products as I am sure investment will be profitable in long run and saving will help me in emergencies.

Investment will be profitable but when you invest a part of the income into bitcoin, sure you will earn more than other forms of investment.