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Author Topic: Best way to manage money?  (Read 61113 times)
Xenophoto
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April 13, 2016, 12:51:53 PM
 #181

Don't be buried by debt so you can always take a money out of your pocket without worrying that you can not pay your loans if you spend. If you have debt atm, try paying them one by one until they all get paid. After that you can manage your money easily, always try to spend at minimal cost. Most people tend to overeat especially at lunch, and when dinner comes they will realize that they are out of money. Try eating less so you'll spend less and save more money.

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April 13, 2016, 12:56:55 PM
 #182

Don't be buried by debt so you can always take a money out of your pocket without worrying that you can not pay your loans if you spend. If you have debt atm, try paying them one by one until they all get paid. After that you can manage your money easily, always try to spend at minimal cost. Most people tend to overeat especially at lunch, and when dinner comes they will realize that they are out of money. Try eating less so you'll spend less and save more money.

The greatest advice here IMO. It's hard to restrain youself from borrowing money but it's worth it - your life is so much happier without debts. I also agree on eating less which is always a good thing.

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talkbitcoin
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April 13, 2016, 01:01:24 PM
 #183

what i do is that i always keep an emergency money in the bank with my bank card so it is always at hand for cases of emergency and each month i deduct my expenses and spend that money and if by any chance there is anything left over i would invest it, most probably in bitcoin.

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Xenophoto
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April 13, 2016, 01:57:04 PM
 #184

Don't be buried by debt so you can always take a money out of your pocket without worrying that you can not pay your loans if you spend. If you have debt atm, try paying them one by one until they all get paid. After that you can manage your money easily, always try to spend at minimal cost. Most people tend to overeat especially at lunch, and when dinner comes they will realize that they are out of money. Try eating less so you'll spend less and save more money.

The greatest advice here IMO. It's hard to restrain youself from borrowing money but it's worth it - your life is so much happier without debts. I also agree on eating less which is always a good thing.

Thanks! Roll Eyes

I learned that 'eating' part the hard way. Me and my colleagues got really fat in college. And then one of us pointed out that we are overspending by overeating. We eat twice as much as an average person at lunch, and we pour all our money on snacks. That lifestyle made me lose all my savings. Good thing I'm away from them now. I can manage my money now. I get to buy my dad foods on weekends even if I'm still a student.

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April 13, 2016, 02:14:17 PM
 #185

The best thing before you are going to make an investment is that you have to also save some money otherwise that will be not good for later and that can also be risky for yourself.
First save some  money and than investing in something where you are for sure that you can make profit with it, otherwise it will be sin and that is bad for you.
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April 13, 2016, 02:20:08 PM
 #186

I gift my money every month to my wife for help me to manage money. Because i always hard to save money and my wife have an idea, she only give me some amount of money and i must spend it carefully.
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April 13, 2016, 02:20:38 PM
 #187

When I was still in university I preferred to eat take-away food that I brought home with me because I was too lazy to cook for myself and this eating habit is detrimental to your health and your wallet haha  Grin Now I cook my meals for the next week during the weekends so I can just get a plastic container with my lunch or breakfast with me to work and save money while eating healthy. You can save a lot of money by not buying lunch every day.

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April 19, 2016, 06:56:23 PM
 #188

When I was still in university I preferred to eat take-away food that I brought home with me because I was too lazy to cook for myself and this eating habit is detrimental to your health and your wallet haha  Grin Now I cook my meals for the next week during the weekends so I can just get a plastic container with my lunch or breakfast with me to work and save money while eating healthy. You can save a lot of money by not buying lunch every day.

I'm with you there! I batch cook twice a week that helps keep fuel costs down.... also don't be afraid of buying reduced food (check out the supermarkets after 6pm and you can find lots reduced).

I stick to whole foods and am pretty much vegan. I budget £13 a day for 2 of us which is loads, we don't spend that much and the rest goes back in the pot for investment money. I wouldn't even consider buying a sandwich, even if your in a rush. Grab a loaf and some pre-washed salad and whatever you like (ham/cheese or in my case hummus). Lunch is sorted and you have enough for the rest of the week all for the price of the ready made sandwich meal.
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April 19, 2016, 08:43:26 PM
 #189

Bitcoin can be one way as they offer plans around 2 year to 5 or 10 years of savings plans which you cant reverse,and if you do you will loose money instead getting more.
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April 19, 2016, 09:45:31 PM
 #190

Bitcoin can be one way as they offer plans around 2 year to 5 or 10 years of savings plans which you cant reverse,and if you do you will loose money instead getting more.

Manage money in the right way is tricky and eludes most people as they can't decide where to put it into what at any given time. Whether that be into house repairs, entertainment or just into savings.
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April 19, 2016, 09:52:18 PM
 #191

One thing that has always worked well for me is to delay expenses. It tends to save a lot of money in the end. For example, if I want to buy a new cellphone right now, I try to delay the buy 2-3 weeks. This make the expense come closer to the next paycheck, and usually the item you want to buy lowers price too in the meantime.

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April 19, 2016, 09:56:36 PM
 #192

Bitcoin can be one way as they offer plans around 2 year to 5 or 10 years of savings plans which you cant reverse,and if you do you will loose money instead getting more.
i think that you are right, bitcoin is mainly a long term investment though after two years the price might actually be lower than right now what would mean a loss so youd need to hold more

i think that the best way to manage it is to save as much of bitcoins right now as possible in order to make some in the future, though those are just my plans and you should do whatever you want with it

 
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April 19, 2016, 10:02:24 PM
 #193

Bitcoin can be one way as they offer plans around 2 year to 5 or 10 years of savings plans which you cant reverse,and if you do you will loose money instead getting more.
Yes bitcoin can be a solution for the investing money, but for manage money we need to manage costs, investments and incomes and have a plan for each of them.

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April 19, 2016, 11:00:34 PM
 #194

Everyone has a different approach.

But I do the core basics on what my habits are observing where my spending is going, just downloading the pdf file shown through the credit card.

Then just make adjustments, if I can afford that weekly cost if its on-going.

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April 19, 2016, 11:57:45 PM
 #195

Everyone has a different approach.

But I do the core basics on what my habits are observing where my spending is going, just downloading the pdf file shown through the credit card.

Then just make adjustments, if I can afford that weekly cost if its on-going.
transaction history can give you a little lesson wherever you doing spending your money and waste. then you could be a little economical with it. yeah spending and needs of different people so start now create a plan to manage your money
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April 20, 2016, 01:40:54 AM
 #196

You need to have full detail of your spending after that you need to separate your daily need and for emergency usage, then you need to decide how many percent you want to save or invest then the rest of you money you can spend it
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April 20, 2016, 02:24:20 PM
 #197

Don't be buried by debt so you can always take a money out of your pocket without worrying that you can not pay your loans if you spend. If you have debt atm, try paying them one by one until they all get paid. After that you can manage your money easily, always try to spend at minimal cost. Most people tend to overeat especially at lunch, and when dinner comes they will realize that they are out of money. Try eating less so you'll spend less and save more money.

The greatest advice here IMO. It's hard to restrain youself from borrowing money but it's worth it - your life is so much happier without debts. I also agree on eating less which is always a good thing.
The best way to manage your money is that you have to know that you can earn money with it in that you made an investment so you are for sure that you will earn it.
And saving money can be also nice because than you can also safe it for the future and that would be nice for you as backup.
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April 20, 2016, 03:31:05 PM
 #198

I think the best way to manage money is keep your money on bank account.
If you like to get passive income you can invest on bitcoin because it's a good investment right now.
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April 20, 2016, 04:59:47 PM
 #199

what i do is that i always keep an emergency money in the bank with my bank card so it is always at hand for cases of emergency and each month i deduct my expenses and spend that money and if by any chance there is anything left over i would invest it, most probably in bitcoin.

Having some amount for emergency needs is really good thing. I could suggest to make a insurance with half the amount you save every month for your emergency needs which helps you even better at times than just saving.

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April 20, 2016, 11:51:40 PM
 #200

I think the best way to manage money is keep your money on bank account.
If you like to get passive income you can invest on bitcoin because it's a good investment right now.

A lot of people using cards and speding money that hold on bank accounts. I really think that best way to manage money is the power of will, looks so stupid but people without power of will can't manage money.

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