Best way to manage money?

[Doamader]

The main rule about manage is never spend more then we earn, otherwise we will get into troubles very fast, credit its something easy to get and use, the problem is to repay and cover it, several people has a problem handling those.

[katrimans]

A lot of my friends are now getting a larger income than me but I see they are still broke and borrowing money to other people.
How come this still happens?
They got so used with their larger income so they are also spending more and buying expensive items with the highest class. Yes it is good because it is branded but for what expense?
Without the right way of managing the money or staying at your the way you are before you receive higher income you could be broke.

Actually your friends had that problem because they do not know how to manage the limited resources they have. It will be a good idea if they undergo into some tutorial or classes that can help learn them some effective money management tips. Without the practice of proper money management, those problems may persist all the times.

[South Park]

A lot of my friends are now getting a larger income than me but I see they are still broke and borrowing money to other people.
How come this still happens?
They got so used with their larger income so they are also spending more and buying expensive items with the highest class. Yes it is good because it is branded but for what expense?
Without the right way of managing the money or staying at your the way you are before you receive higher income you could be broke.

Actually your friends had that problem because they do not know how to manage the limited resources they have. It will be a good idea if they undergo into some tutorial or classes that can help learn them some effective money management tips. Without the practice of proper money management, those problems may persist all the times.

One of the problems that I see is in school they teach you about a lot of subjects so in the future you are able to gt money by working but they never teach you how to manage your money which I have always found odd, since you are probably going to work for 30 to 40 years in your life maybe more.

[mirakal]

A lot of my friends are now getting a larger income than me but I see they are still broke and borrowing money to other people.
How come this still happens?
They got so used with their larger income so they are also spending more and buying expensive items with the highest class. Yes it is good because it is branded but for what expense?
Without the right way of managing the money or staying at your the way you are before you receive higher income you could be broke.

Actually your friends had that problem because they do not know how to manage the limited resources they have. It will be a good idea if they undergo into some tutorial or classes that can help learn them some effective money management tips. Without the practice of proper money management, those problems may persist all the times.

One of the problems that I see is in school they teach you about a lot of subjects so in the future you are able to gt money by working but they never teach you how to manage your money which I have always found odd, since you are probably going to work for 30 to 40 years in your life maybe more.

We cannot be rich buy just working, it actually depends on the culture of our country, but I know majority of the people after graduation are just thinking on how to have a wonderful job, only few are thinking of having their own business or company that they will run on their own.

[romero121]

A lot of my friends are now getting a larger income than me but I see they are still broke and borrowing money to other people.
How come this still happens?
They got so used with their larger income so they are also spending more and buying expensive items with the highest class. Yes it is good because it is branded but for what expense?
Without the right way of managing the money or staying at your the way you are before you receive higher income you could be broke.

Actually your friends had that problem because they do not know how to manage the limited resources they have. It will be a good idea if they undergo into some tutorial or classes that can help learn them some effective money management tips. Without the practice of proper money management, those problems may persist all the times.

One of the problems that I see is in school they teach you about a lot of subjects so in the future you are able to gt money by working but they never teach you how to manage your money which I have always found odd, since you are probably going to work for 30 to 40 years in your life maybe more.

We cannot be rich buy just working, it actually depends on the culture of our country, but I know majority of the people after graduation are just thinking on how to have a wonderful job, only few are thinking of having their own business or company that they will run on their own.

One who has earning more than his needs can be considered as a rich one. On such a consideration when users were segregated sure a day job is more than enough to become rich. What's been quoted above is true, only very few show interest into business and other self earning.

[gabmen]

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.

Yeah I agree. credit cards lure you to unnecessary spending. its still a better feeling when you get to purchase a wanted item without you worrying about payments afterwards. though credit cards also have their uses for important contingencies and emergency expenses. just make sure to pay on time as the interests when you fail to pay on time are a bit hefty

[DrGuns4Hands]

best way? uhm i think investing it rather than saving it is the more accurate way to manage your money. always use the ratio 50:50 the half you can save it as your allowance and the other half you can invest it in bitcoin. i rather put the 80% of my money in btc than saving it because im too obsessed in things that i dont usually use. so when i got in bitcoin community i would say that i'm investing all my money in bitcoin and the other half is in gambling site.

[Natalim]

best way? uhm i think investing it rather than saving it is the more accurate way to manage your money. always use the ratio 50:50 the half you can save it as your allowance and the other half you can invest it in bitcoin. i rather put the 80% of my money in btc than saving it because im too obsessed in things that i dont usually use. so when i got in bitcoin community i would say that i'm investing all my money in bitcoin and the other half is in gambling site.

Why not do both, you can still invest if you save but you cannot invest without savings. It's a prerequisite actually so we need to discipline ourselves in savings first then the rest will follow. Think one step at a time so you will not complicate things, you will be guided if you have a cool mind for your future plans.

[arseaboy]

best way? uhm i think investing it rather than saving it is the more accurate way to manage your money. always use the ratio 50:50 the half you can save it as your allowance and the other half you can invest it in bitcoin. i rather put the 80% of my money in btc than saving it because im too obsessed in things that i dont usually use. so when i got in bitcoin community i would say that i'm investing all my money in bitcoin and the other half is in gambling site.

Why not do both, you can still invest if you save but you cannot invest without savings. It's a prerequisite actually so we need to discipline ourselves in savings first then the rest will follow. Think one step at a time so you will not complicate things, you will be guided if you have a cool mind for your future plans.

Quite true mate.. the reason you want to invest is to gain profit from your savings.. without savings you you cannot invest anything. For you to save money you need to control yourself and spend your money wisely.

[goldcoinminer]

best way? uhm i think investing it rather than saving it is the more accurate way to manage your money. always use the ratio 50:50 the half you can save it as your allowance and the other half you can invest it in bitcoin. i rather put the 80% of my money in btc than saving it because im too obsessed in things that i dont usually use. so when i got in bitcoin community i would say that i'm investing all my money in bitcoin and the other half is in gambling site.

Why not do both, you can still invest if you save but you cannot invest without savings. It's a prerequisite actually so we need to discipline ourselves in savings first then the rest will follow. Think one step at a time so you will not complicate things, you will be guided if you have a cool mind for your future plans.

Quite true mate.. the reason you want to invest is to gain profit from your savings.. without savings you you cannot invest anything. For you to save money you need to control yourself and spend your money wisely.

Investing is really good but not all of use has the capacity to do it for the reason that we failed to save, a person without savings is like living without direction, if whatever happen in the future we will not be able to address any problem and we cannot grab the opportunity if we can spot one.

[upsidedown75]

The main rule about manage is never spend more then we earn, otherwise we will get into troubles very fast, credit its something easy to get and use, the problem is to repay and cover it, several people has a problem handling those.

I too truelly beieve in that. Always spend less than the amount we do earn and save the rest for the rainy days, don't try to spend more than what you earn because if you do so then I am wondering where you could get to cover for the extra you've spent.
Then it obviously will lead to getting loans. Loans and its interests will spoil our savings and our happily life too.

[transabox]

The main rule about manage is never spend more then we earn, otherwise we will get into troubles very fast, credit its something easy to get and use, the problem is to repay and cover it, several people has a problem handling those.

I too truelly beieve in that. Always spend less than the amount we do earn and save the rest for the rainy days, don't try to spend more than what you earn because if you do so then I am wondering where you could get to cover for the extra you've spent.
Then it obviously will lead to getting loans. Loans and its interests will spoil our savings and our happily life too.

This is the ideal situation. But sometimes earnings are not enough for all the needs. Especially if they are unplanned. Then you have to look for additional sources of income

[Japinat]

The main rule about manage is never spend more then we earn, otherwise we will get into troubles very fast, credit its something easy to get and use, the problem is to repay and cover it, several people has a problem handling those.

I too truelly beieve in that. Always spend less than the amount we do earn and save the rest for the rainy days, don't try to spend more than what you earn because if you do so then I am wondering where you could get to cover for the extra you've spent.
Then it obviously will lead to getting loans. Loans and its interests will spoil our savings and our happily life too.

This is the ideal situation. But sometimes earnings are not enough for all the needs. Especially if they are unplanned. Then you have to look for additional sources of income

It's always good to do both, if you have a good income you still have to leave below your means, in that way you will be able to save money and might have a chance to invest in the future. The problem for most of us here is we change our lifestyle if we have receive a bigger income which is not good IMO.

[Babayega31]

The main rule about manage is never spend more then we earn, otherwise we will get into troubles very fast, credit its something easy to get and use, the problem is to repay and cover it, several people has a problem handling those.

I too truelly beieve in that. Always spend less than the amount we do earn and save the rest for the rainy days, don't try to spend more than what you earn because if you do so then I am wondering where you could get to cover for the extra you've spent.
Then it obviously will lead to getting loans. Loans and its interests will spoil our savings and our happily life too.

This is the ideal situation. But sometimes earnings are not enough for all the needs. Especially if they are unplanned. Then you have to look for additional sources of income

It's always good to do both, if you have a good income you still have to leave below your means, in that way you will be able to save money and might have a chance to invest in the future. The problem for most of us here is we change our lifestyle if we have receive a bigger income which is not good IMO.

My way to manage money is i always put the needs of my family into priority in spending my money and the rest of money left is i save it in times of emergency or shortage of budget. I must make sure to it that there is a money saved so that i can avoid loans because it makes us out of savings if we are having debts and that time could result to financial crisis. We must invest our savings for new business which fits to the technology nowadays and think of new business ideas which generates good profit in order to have better future of your family.

[Caladonian]

The main rule about manage is never spend more then we earn, otherwise we will get into troubles very fast, credit its something easy to get and use, the problem is to repay and cover it, several people has a problem handling those.

I too truelly beieve in that. Always spend less than the amount we do earn and save the rest for the rainy days, don't try to spend more than what you earn because if you do so then I am wondering where you could get to cover for the extra you've spent.
Then it obviously will lead to getting loans. Loans and its interests will spoil our savings and our happily life too.

This is the ideal situation. But sometimes earnings are not enough for all the needs. Especially if they are unplanned. Then you have to look for additional sources of income

It's always good to do both, if you have a good income you still have to leave below your means, in that way you will be able to save money and might have a chance to invest in the future. The problem for most of us here is we change our lifestyle if we have receive a bigger income which is not good IMO.

thats right we should always have enough money for emergency purposes avoiding us to lend from that we will still move our life without financial difficulty just doing the same but i'm also trying to place some of my money with investing to trading.

My way to manage money is i always put the needs of my family into priority in spending my money and the rest of money left is i save it in times of emergency or shortage of budget. I must make sure to it that there is a money saved so that i can avoid loans because it makes us out of savings if we are having debts and that time will result to financial crisis.

[serjent05]

The main rule about manage is never spend more then we earn, otherwise we will get into troubles very fast, credit its something easy to get and use, the problem is to repay and cover it, several people has a problem handling those.

I too truelly beieve in that. Always spend less than the amount we do earn and save the rest for the rainy days, don't try to spend more than what you earn because if you do so then I am wondering where you could get to cover for the extra you've spent.
Then it obviously will lead to getting loans. Loans and its interests will spoil our savings and our happily life too.

This is the ideal situation. But sometimes earnings are not enough for all the needs. Especially if they are unplanned. Then you have to look for additional sources of income

It's always good to do both, if you have a good income you still have to leave below your means, in that way you will be able to save money and might have a chance to invest in the future. The problem for most of us here is we change our lifestyle if we have receive a bigger income which is not good IMO.

My way to manage money is i always put the needs of my family into priority in spending my money and the rest of money left is i save it in times of emergency or shortage of budget. I must make sure to it that there is a money saved so that i can avoid loans because it makes us out of savings if we are having debts and that time could result to financial crisis. We must invest our savings for new business which fits to the technology nowadays and think of new business ideas which generates good profit in order to have better future of your family.

Well definitely this should be the right way to manage your money.  Though some people put the savings first then fit the rest of the money to their needs.  Because for them, giving priority to savings will make you spend your money wisely since there will be a limited budget for the daily needs of the family and with the limited budget, you are able to put the money to the most important stuff rather than spending it to less important things.

[john2231]

The main rule about manage is never spend more then we earn, otherwise we will get into troubles very fast, credit its something easy to get and use, the problem is to repay and cover it, several people has a problem handling those.

I too truelly beieve in that. Always spend less than the amount we do earn and save the rest for the rainy days, don't try to spend more than what you earn because if you do so then I am wondering where you could get to cover for the extra you've spent.
Then it obviously will lead to getting loans. Loans and its interests will spoil our savings and our happily life too.

This is the ideal situation. But sometimes earnings are not enough for all the needs. Especially if they are unplanned. Then you have to look for additional sources of income

It's always good to do both, if you have a good income you still have to leave below your means, in that way you will be able to save money and might have a chance to invest in the future. The problem for most of us here is we change our lifestyle if we have receive a bigger income which is not good IMO.

My way to manage money is i always put the needs of my family into priority in spending my money and the rest of money left is i save it in times of emergency or shortage of budget. I must make sure to it that there is a money saved so that i can avoid loans because it makes us out of savings if we are having debts and that time could result to financial crisis. We must invest our savings for new business which fits to the technology nowadays and think of new business ideas which generates good profit in order to have better future of your family.

Well definitely this should be the right way to manage your money.  Though some people put the savings first then fit the rest of the money to their needs.  Because for them, giving priority to savings will make you spend your money wisely since there will be a limited budget for the daily needs of the family and with the limited budget, you are able to put the money to the most important stuff rather than spending it to less important things.

you have the point but for me it is good to save and get some alternative ways to have savings just like here i treating collecting bitcoin as my savings. and having dream in the future if i can a lots of bitcoin i can start a business someday that can be worth it that i can retire to my job.. for now  i am saving bitcoin and spending bitcoin if it is really important just like you said.
since i already spend some of bitcoin for marketing purposes or just a small amount of business it gives me good passive income but its not high enough and studying it more to have a good business someday online and retire to my job..
This is i think the best to manage money.. halving part time job for your savings and have a dream.

[Positid]

The main rule about manage is never spend more then we earn, otherwise we will get into troubles very fast, credit its something easy to get and use, the problem is to repay and cover it, several people has a problem handling those.

I too truelly beieve in that. Always spend less than the amount we do earn and save the rest for the rainy days, don't try to spend more than what you earn because if you do so then I am wondering where you could get to cover for the extra you've spent.
Then it obviously will lead to getting loans. Loans and its interests will spoil our savings and our happily life too.

This is the ideal situation. But sometimes earnings are not enough for all the needs. Especially if they are unplanned. Then you have to look for additional sources of income

It's always good to do both, if you have a good income you still have to leave below your means, in that way you will be able to save money and might have a chance to invest in the future. The problem for most of us here is we change our lifestyle if we have receive a bigger income which is not good IMO.

My way to manage money is i always put the needs of my family into priority in spending my money and the rest of money left is i save it in times of emergency or shortage of budget. I must make sure to it that there is a money saved so that i can avoid loans because it makes us out of savings if we are having debts and that time could result to financial crisis. We must invest our savings for new business which fits to the technology nowadays and think of new business ideas which generates good profit in order to have better future of your family.

Well definitely this should be the right way to manage your money.  Though some people put the savings first then fit the rest of the money to their needs.  Because for them, giving priority to savings will make you spend your money wisely since there will be a limited budget for the daily needs of the family and with the limited budget, you are able to put the money to the most important stuff rather than spending it to less important things.

A hard way to do but it's the best way, when you can do save first before your spending you are building an attitude of a real businessman that will be successful in the future, that's how they think and they put discipline in everything. They are willing to sacrifice for their future.

[DoublerHunter]

One of the best way to start managing money is to set a goal for your action. What is the reason why you want to manage money? Do you want to solve your current financial problem?, That is the few questions that you need to ask to yourself before you start managing your money because if you don't have a strong or valid reason then it will be just a joke for you to start managing your money.

[Mastsetad]

The main rule about manage is never spend more then we earn, otherwise we will get into troubles very fast, credit its something easy to get and use, the problem is to repay and cover it, several people has a problem handling those.

Exactly, if i earn around $500 a month but my expenditures cross that amount every month then it would probably create problems for me later on, so i need to cut down my expenses and see if i'm crossing the limit or not and if i'm crossing it then i will have to reduce some of my expenses to make myself safe from extra problems.