Best way to manage money?

[adibe]

By creating multiple wallet for manage your money. I mean, you can seperate your money. Like wallet 1 for gambling stuff, wallet 2 for saving your money and wallet 3 for emergency use.

[armansolis593]

the best way to manage money is to give it to your wife, or your mother, then they will do a management that does not even you thought, the way I do it, because if I were to manage my money, so the money will soon run out  Grin

This one fits the right answer for the question,women really know how to manage money than most man.
I would also lose all my money from going out drink as i dont know how to manage the money i get.

[RealPhotoshoper]

So I have seen a lot of topics relating to different methods of managing money ("How to earn Bitcoin, "How to save money") and the likes. Now I would like to see what are the best ways people can come up with in regards to managing their money. I find creating a budget is one of the fundamentals of managing money. If you have no records, you can't know exactly how much money you have to spend each month. Another piece of advice I would like to give to people is to not use your credit card unless you're able to pay it off in full at the end of the week.

Any input?

i need suggestion too,i still can't manage my money with efficient,i'm often spent my money on un important goods or services. but now i just trying to thrifty,use money only for important need and with small cost.

[harizen]

Even with a good plan, percentage of budget that will used in other things or any other financial plan to manage your money, still it won't success if you will not be serious about this.

And another tip, always have a budget for misc things. Misc things are general and sometimes out of nowhere. Much better if we are ready. It's different from emergency budget.

[Patatas]

If you really wish to learn or get enlightened on how to manage money,please read some of the great Books by Warren Buffet or Tai Lopez.Those guys started with void and made it huge.They provide day to day life example on how you can save on unwanted stuff and spend wisely on things those are investment indeed.

One of the books had examples of Steve Jobs about putting things on his priority.He had a broken couch but never cared to buy new one or fix it,because he knew his priority was investing the funds into the product,which paid back later.Such success stories certainly inspire you.

[maxj57634]

The best way to manage your money is learn how to disclose all that is not needed for you daily life.
Just dont waste your money on something else that is not need.
Learn the basic of Wants and Needs.

[MedaR]

This is shopaholic society and many lives their lives, spending more than they can afford.
I don't like to spend money if i really don't need something.
Best way to manage your money is not to spend it on things because things won't makes you happy.
American Spending Documentary
https://www.youtube.com/watch?v=pPYwG9MWJVU

[eternalgloom]

Something that I really recommend doing to anyone is to keep a reasonable buffer of savings for emergencies and invest anything you can basically spare to invest.
I try to save at least 10% of what I earn each month and I invest anything left over after living expenses and costs etc.

[VAodminnTer]

First of all, Not investing more than %10 of your investment profile on any single investment, that's a very basic advice but allot of traders/investors use it, Also avoiding unreliable investment offering too good of a profit money.

[sallymeeh27]

For me the best way to manage your money is to know exactly what are your limitations on spending them. Make sure that you have something saved on your account and this is actually for emergency purposes only and have some savings if ever you are in need of something. Plan your expenses and budget your money..Buy only items which is important..

[Kingno.1]

In my view following ways could be good to manage money:
1)set a saving goal
2)do not use credit card ever
3)Invest money in parts
4) Monitor your investments regularly

[SFR10]

Well it would be a wise choice to set aside 15% of the income, completely un-touch (you never know, someday it will come handy). Around 50% for normal life expenses (foods and necessary expenses) and the remaining 35% could be used for buying new things or things that could fall as a luxury. The percentage differs a little bit for anyone depending on how they live.

[iram66680]

Don't use credit card. Avoid living for a credit at all cost. Debt=slavery. If you don't need something very badly now and you can't afford it then it means it is not for you.
Wait month or two, save your money and buy your desired item then. The only drawback is that is not possible with real estate market and you will have lend money.

This unfortunately is the stark reality we live in. Man can not live without putting himself in debt if he wants his family to live comfortably in this economic environment we currently live in. It is just not possible to save for a house or even a condo these days. If you try you will be 50 years old after you pay off your student loans to finally start saving for a home to live in.

[BitTyro]

Managing one's finances is kinda hard specially if you are on a tight budget. But if your are really serious to do such, you need to seek advice, don’t feel ashamed to seek support from others. Seek advice from a financial expert who will have a lot of experience dealing with problems like yours. Your financial adviser will come up with a realistic plan to help you sort out any money difficulties.

[fiatvacation]

Managing one's finances is kinda hard specially if you are on a tight budget. But if your are really serious to do such, you need to seek advice, don’t feel ashamed to seek support from others. Seek advice from a financial expert who will have a lot of experience dealing with problems like yours. Your financial adviser will come up with a realistic plan to help you sort out any money difficulties.

Personally I use Reddit, and if you're ever having a hard time I would recommend checking out /r/personalfinance. They seem to have helped a lot of people save more of their money and get rid of their debt quicker than a lot of people would be able to.

[Yakamoto]

Managing one's finances is kinda hard specially if you are on a tight budget. But if your are really serious to do such, you need to seek advice, don’t feel ashamed to seek support from others. Seek advice from a financial expert who will have a lot of experience dealing with problems like yours. Your financial adviser will come up with a realistic plan to help you sort out any money difficulties.

Personally I use Reddit, and if you're ever having a hard time I would recommend checking out /r/personalfinance. They seem to have helped a lot of people save more of their money and get rid of their debt quicker than a lot of people would be able to.

I've occasionally used Reddit, but I've never really found the appeal of it.

Maybe someone could try You Need A Budget if they are having a really hard time trying to manage their funds?

[n0ne]

the best way to manage money is to give it to your wife, or your mother, then they will do a management that does not even you thought, the way I do it, because if I were to manage my money, so the money will soon run out 

Agreed 100%, No one will manage money effectively as mother or wife. Even if you see in most of the corporates women will be handling financial managements.

[chiefraven]

So I have seen a lot of topics relating to different methods of managing money ("How to earn Bitcoin, "How to save money") and the likes. Now I would like to see what are the best ways people can come up with in regards to managing their money. I find creating a budget is one of the fundamentals of managing money. If you have no records, you can't know exactly how much money you have to spend each month. Another piece of advice I would like to give to people is to not use your credit card unless you're able to pay it off in full at the end of the week.

Any input?

Taking the time to manage your money better can really pay off. It can help you stay on top of your bills.You can use these extra savings to pay off any debts you might have, put them towards your pension, or spend them on your next car or holiday. Read on for money management tips, including how to set up a budget, sticking to it and how to save.

[DeDordtenaar]

By creating multiple wallet for manage your money. I mean, you can seperate your money. Like wallet 1 for gambling stuff, wallet 2 for saving your money and wallet 3 for emergency use.

lol I think it uses a lot wallet will only make trouble in accessing and very complicated. You do not have to discriminate the difference was using one wallet enough

[arseaboy]

managing money will be depend to its user, like me I'm a father of two so I use to think first of my kids and wife then making it sure that we always do have extra for emergency, instead of going out we manage to stay at home and watch movies together my wife is a good cook so no need to spend money eating out. just always remember to value your money stop wasting it from a non sense gadgets or gimmicks and start to invest.