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Author Topic: Best way to manage money?  (Read 61064 times)
socks435
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September 25, 2016, 05:38:26 PM
 #761

I think the best way to manage money is to allot only a limited amount of money for foods, transportation, clothing, etc. every month and try your best to save more money. Plenty of people are having problems regarding their debts. As much as you can, avoid having a debt. You'll lost a lot of money because of the interest and it will grow and grow until your salary isn't enough to pay them anymore.
not simple as that, daily necessities can't be avoided that the only way to be able to save money is how you can earn more than your expenses so it would be easy to store excess rather than having to reduce costs of life.
When there is a demand, there will be a solution. When we are having more expenses for life's need, you will find out more ways to generate more income. Still, having budget on salary will save any possible hassles and it doesn't mean we need not to stick with old lifestyle due to limited budget.

Manage funds properly still finding out ways to generate more funds for better life.
The problem how to generate more funds. this is the problem if you want to use your savings as your capital to start business online that can generate as your passive income or increase your income its not a problem its hard to start a business online even you are in blogging that you didnt know if you will success in the future..
That's the reality when you are engaged in business regardless of your venture there is always a negative and positive output and if we can solve the problem we will have a positive output which is to grow our investment, therefore if you feel you have the skills then it is just right to risk you capital or savings and invest in your self.
Investing for your knowledge is the best and gold mine for us.. that you will forever use it in any activity you are doing.. so for me investing your money in your self is the good thing that can help you bring your self from being poor to be rich..

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September 25, 2016, 06:00:30 PM
 #762

I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.

In theory this sounds like a very good idea. But in reality it is very difficult to save a significant amount of money, unless you are having a very well paid job, in addition to a few other revenue sources. Also, saving money is quite risky in unstable countries such as Venezuela and Ukraine. You will never know when your national currency is going to get devalued.
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September 25, 2016, 06:22:04 PM
 #763

I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.

In theory this sounds like a very good idea. But in reality it is very difficult to save a significant amount of money, unless you are having a very well paid job, in addition to a few other revenue sources. Also, saving money is quite risky in unstable countries such as Venezuela and Ukraine. You will never know when your national currency is going to get devalued.
Its not the case so you should have a day job and collecting bitcoin is your hobby save your bitcoin and sell them in the right time and dont spend it just use your salary from your day job not your savings.. thats why we are call savings because we use it just for savings.. so dont touch it anymore..
If you really want to be rich..
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September 25, 2016, 06:36:22 PM
 #764

I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.

In theory this sounds like a very good idea. But in reality it is very difficult to save a significant amount of money, unless you are having a very well paid job, in addition to a few other revenue sources. Also, saving money is quite risky in unstable countries such as Venezuela and Ukraine. You will never know when your national currency is going to get devalued.

Well, you can save money and then change it into USD or EUR or any other stable currency you like. This way it's not as risky anymore. Another option is buying silver. You can't spend anymore unless you really need it (crisis).
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September 25, 2016, 09:47:29 PM
 #765

I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.

In theory this sounds like a very good idea. But in reality it is very difficult to save a significant amount of money, unless you are having a very well paid job, in addition to a few other revenue sources. Also, saving money is quite risky in unstable countries such as Venezuela and Ukraine. You will never know when your national currency is going to get devalued.

Well, you can save money and then change it into USD or EUR or any other stable currency you like. This way it's not as risky anymore. Another option is buying silver. You can't spend anymore unless you really need it (crisis).

Getting your money managed properly needs not a lot of things. The number 1 priority is to get a grip on your expenses and deduct it form your income. What's left can be sent to a savings account or a investment accounts, and yes metal these has been proven a solid investment.

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September 25, 2016, 11:07:44 PM
 #766

If you want to manage your income the first way is to have a stable capital funds because if you have stable capital funds you can now invest in some legitimate online investment site. You can also trade your money through the trading site to buy stacks and sell it in the near future to get profit.
I think you do not need a fixed capital to have a good financial manage, if you have income could you do manage finances, so it depends on your ingenuity in writing a financial manage

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September 25, 2016, 11:47:03 PM
 #767

If you want to manage your income the first way is to have a stable capital funds because if you have stable capital funds you can now invest in some legitimate online investment site. You can also trade your money through the trading site to buy stacks and sell it in the near future to get profit.
I think you do not need a fixed capital to have a good financial manage, if you have income could you do manage finances, so it depends on your ingenuity in writing a financial manage

That's what you need, you do not only manage you finances because you are in business, of course not because even when you are a mere employee receiving a salary regularly you can start managing your finances, just manage your expenses and do not forget to make savings.
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September 26, 2016, 12:19:49 AM
 #768

If you want to manage your income the first way is to have a stable capital funds because if you have stable capital funds you can now invest in some legitimate online investment site. You can also trade your money through the trading site to buy stacks and sell it in the near future to get profit.
I think you do not need a fixed capital to have a good financial manage, if you have income could you do manage finances, so it depends on your ingenuity in writing a financial manage

That's what you need, you do not only manage you finances because you are in business, of course not because even when you are a mere employee receiving a salary regularly you can start managing your finances, just manage your expenses and do not forget to make savings.

Yes even kids do manage their allowances so that they will have some savings when weekends come for them to have something to spend when going to the mall or something. We as older than them can do much better than them right?

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September 26, 2016, 12:41:40 AM
 #769

Each time you receive a utility bill (power, water, cooking/heating gas) pay a little bit extra, it doesn't matter if it's $5 or 5%, $10 or 10%

For the next billing cycle, see what the full amount owing is (not the less the little bit extra you paid) and again pay an extra little bit $5 or 5%, $10 or 10% - what ever...  This will get you just that little bit ahead and can act as a barrier whenever there's an unexpected item such as fixing the car, the house or boat, whatever - You can fix those things and won't have to worry about the utility bills mounting up.

Pick an amont that is easy to add on to your bill and keep paying it each month / quarter when the bill comes in.
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September 26, 2016, 01:01:39 AM
 #770

I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.

In theory this sounds like a very good idea. But in reality it is very difficult to save a significant amount of money, unless you are having a very well paid job, in addition to a few other revenue sources. Also, saving money is quite risky in unstable countries such as Venezuela and Ukraine. You will never know when your national currency is going to get devalued.

Well, you can save money and then change it into USD or EUR or any other stable currency you like. This way it's not as risky anymore. Another option is buying silver. You can't spend anymore unless you really need it (crisis).
you can but i dont think that it would be the best idea to make as bitcoin is the perfect investment option

 
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September 26, 2016, 03:00:08 AM
 #771

I think you should get a list of the things where you will spend your money, and try to avoid wasting it on unnecessary expenses.
therefore I strongly recommend for all people to have a note to the financial manage them. they should have a black list to something they should not buy. and of course they have to write down the maximum limits spending money they could each day. it will be very important
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September 26, 2016, 03:36:02 AM
 #772

I think you should get a list of the things where you will spend your money, and try to avoid wasting it on unnecessary expenses.
therefore I strongly recommend for all people to have a note to the financial manage them. they should have a black list to something they should not buy. and of course they have to write down the maximum limits spending money they could each day. it will be very important

If you can write it down the better because you will be able to check and follow what is written, actually it is not hard to manage you money if you have the will to do it, we need to have our goal and do it without hesitation, the temptation is the main hindrance to success so we need to beat it.

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September 26, 2016, 09:39:49 AM
 #773

I think you should get a list of the things where you will spend your money, and try to avoid wasting it on unnecessary expenses.
therefore I strongly recommend for all people to have a note to the financial manage them. they should have a black list to something they should not buy. and of course they have to write down the maximum limits spending money they could each day. it will be very important

If you can write it down the better because you will be able to check and follow what is written, actually it is not hard to manage you money if you have the will to do it, we need to have our goal and do it without hesitation, the temptation is the main hindrance to success so we need to beat it.

Even  if we dont have  list  we could  able to manage our money because  our mind is like a  computer which could automatically  remember the things that we must suppose to do. The main thing here is  our emotion  because temptations are everywhere   and  if we have  a good self control then  we could  able to avoid  it.

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September 26, 2016, 11:08:24 AM
 #774

The best way to save money is to make a budget and hold yourself to that. Check what you need to pay and how much you earn and pay all your bills before doing anything else. After that you see how much money there's left for saving and enjoyment.
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September 26, 2016, 11:12:16 AM
 #775


Even  if we dont have  list  we could  able to manage our money because  our mind is like a  computer which could automatically  remember the things that we must suppose to do. The main thing here is  our emotion  because temptations are everywhere   and  if we have  a good self control then  we could  able to avoid  it.

Nothing wrong in making some spending list since people have really such different spending on any kind in a regular basis. It's only a guide for some people to track their spendings.

But overall, people have different ways on tracking their spendings. The important thing here is, they able to follow it properly.

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September 26, 2016, 11:54:08 AM
 #776

The best way to save money is to make a budget and hold yourself to that. Check what you need to pay and how much you earn and pay all your bills before doing anything else. After that you see how much money there's left for saving and enjoyment.
if someone can just doing it easily without any struggle then it's would be easy to manage money but the thing is sometime people just can't hold on to buy what they need but also buying what they want that's now becoming the main problem here,it's the most hard to manage it

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September 26, 2016, 07:11:57 PM
 #777

The best way is to save 20 percent of your monthly income as savings.
Of the 20 percent, 10 percent must be  saved as fixed for future use and the other 10 percent must be saved for sudden expences like medical,etc
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September 26, 2016, 08:01:18 PM
 #778

I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.

In theory this sounds like a very good idea. But in reality it is very difficult to save a significant amount of money, unless you are having a very well paid job, in addition to a few other revenue sources. Also, saving money is quite risky in unstable countries such as Venezuela and Ukraine. You will never know when your national currency is going to get devalued.

Well, you can save money and then change it into USD or EUR or any other stable currency you like. This way it's not as risky anymore. Another option is buying silver. You can't spend anymore unless you really need it (crisis).
of course you can but i think it would be way better to hold it in bitcoins to make profit in a longer run

 
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September 27, 2016, 12:57:18 AM
 #779

I think that you should save your money, cutting your spendings by only buying what you need. I think that's a better way to manage your money.

In theory this sounds like a very good idea. But in reality it is very difficult to save a significant amount of money, unless you are having a very well paid job, in addition to a few other revenue sources. Also, saving money is quite risky in unstable countries such as Venezuela and Ukraine. You will never know when your national currency is going to get devalued.

Well, you can save money and then change it into USD or EUR or any other stable currency you like. This way it's not as risky anymore. Another option is buying silver. You can't spend anymore unless you really need it (crisis).
of course you can but i think it would be way better to hold it in bitcoins to make profit in a longer run

Holding your bitcoins is going to be best way to manage your bitcoins. But if we are going to talk about management of your fiat money. For me you need to know the things that you are going to spent your money and have a list of them so that you are going to know how you are going to buy the things you need properly and you can save money with it.



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September 27, 2016, 01:12:16 AM
 #780

I think the best way for me might not be the best for someone else. We all live different lives and we have different strategies that can work for us. What I do is set a long term goal so that I could manage money properly. I try to delay the gratification that I'll get because it always feels better to get something that you really worked hard for for a long time.
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