Best way to manage money?

[burner2014]

The best way to save money is to lower your expenses and be very strict when saving. You have to start alotting your monthly income for 10-20% and strictly not using it. Start to buy the things you just need rather than the buying the things you need and you want. Start now and eventually you can do it for the following months.

[simpler2016]

The best way to save money is to lower your expenses and be very strict when saving. You have to start alotting your monthly income for 10-20% and strictly not using it. Start to buy the things you just need rather than the buying the things you need and you want. Start now and eventually you can do it for the following months.

you're right, a lot of unnecessary things people buy. From them you can easily refuse to put the main goal. And to be disciplined

[serjent05]

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

Alo I guess trading will keep your money grow too.
Being wise on growing money is not bad just not to be greedy on having it.

Yes, greed - it is a very negative trait that can lead to large losses. The trade can not be emotional. You should always exercise wisdom and patience. This will help to multiply capital

Greed + socialite living with pleasures will surely pull you into the bad way of managing your money. The best way to manage your money is to set what are your needs and don't focus with your wants because that is not needed either. If you want to buy those things that you want, you can simply save every time you spend money and if there is an excess or spare money, that's the money you will use for buying your wants.

I don't think that greed will make you spend your money carelessly.  from the definition

Code:

greed
ɡrēd/
noun
Greed is an overwhelming urge to have more of something, usually more than you really need. 

it means person will pile up or accumulate lots of money.  Even if the person is socializing, he will always make his way not to spend what he has.  And most probably will take the advantage of the situation to have an opportunity to earn more or to get more money.

[funnyapple]

So I have seen a lot of topics relating to different methods of managing money, but I found that  we invest the money in properties and save the money in banks

[hase0278]

For me there ain't no best way to manage money. Surely altcoin trading and stuff works for some people but for some people it ain't. Sometimes investing on stocks and banks works for other people but for others it don't work. In my opinion, the method that can be called the best way to manage money is different for everyone in the world and for me, the best way to manage money is to earn, spend and earn again.

[stadus]

For me there ain't no best way to manage money. Surely altcoin trading and stuff works for some people but for some people it ain't. Sometimes investing on stocks and banks works for other people but for others it don't work. In my opinion, the method that can be called the best way to manage money is different for everyone in the world and for me, the best way to manage money is to earn, spend and earn again.

You won't succeed with whatever venture in life you have, it's the first thing you have to learn, you need to manage your money very well. And managing our money does not only limit to investment alone but also we have to learn how to budget for our expenditures in life which includes our daily expenses and future expenses, we have to do that to balance our life well.

[TheUltraElite]

So I have seen a lot of topics relating to different methods of managing money, but I found that  we invest the money in properties and save the money in banks

Saving the money in banks wont be worth it, after all banks dont return good interest rates. Better method is to keep a good saving and then have some liquid cash - use the liquid cash to invest, trade and other expenses. If you cannot manage all that then you will never be able to manage your money.

Also it does require a lot of experience to manage money properly, so go easy and dont rush into things.

[South Park]

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

Alo I guess trading will keep your money grow too.
Being wise on growing money is not bad just not to be greedy on having it.

Yes, greed - it is a very negative trait that can lead to large losses. The trade can not be emotional. You should always exercise wisdom and patience. This will help to multiply capital

Greed + socialite living with pleasures will surely pull you into the bad way of managing your money. The best way to manage your money is to set what are your needs and don't focus with your wants because that is not needed either. If you want to buy those things that you want, you can simply save every time you spend money and if there is an excess or spare money, that's the money you will use for buying your wants.

The problem is that a lot of people cannot differentiate their needs from their wants, I have heard people saying, I need that smartphone, or something like that and that is not the case, they may want that smartphone, but they don't need it.

[Sanekavg13]

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

Alo I guess trading will keep your money grow too.
Being wise on growing money is not bad just not to be greedy on having it.

Yes, greed - it is a very negative trait that can lead to large losses. The trade can not be emotional. You should always exercise wisdom and patience. This will help to multiply capital

Greed + socialite living with pleasures will surely pull you into the bad way of managing your money. The best way to manage your money is to set what are your needs and don't focus with your wants because that is not needed either. If you want to buy those things that you want, you can simply save every time you spend money and if there is an excess or spare money, that's the money you will use for buying your wants.

The problem is that a lot of people cannot differentiate their needs from their wants, I have heard people saying, I need that smartphone, or something like that and that is not the case, they may want that smartphone, but they don't need it.

Yes, you are absolutely right. Much of what can be discarded. This is not a person needs. This is just his whim or fashion, from this easy to do and can be waived.

[OrangeII]

So I have seen a lot of topics relating to different methods of managing money, but I found that  we invest the money in properties and save the money in banks

Saving the money in banks wont be worth it, after all banks dont return good interest rates. Better method is to keep a good saving and then have some liquid cash - use the liquid cash to invest, trade and other expenses. If you cannot manage all that then you will never be able to manage your money.

Also it does require a lot of experience to manage money properly, so go easy and dont rush into things.

of the store all the money you have in the bank, it may be better if you invest some of the money that you have, or 10% of the income you get. Well, it's probably a very good plan. you only need to use 30-40% of the money you get for your need, 10% for investment or business, and 50% for you to save.

[kryptqnick]

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

Alo I guess trading will keep your money grow too.
Being wise on growing money is not bad just not to be greedy on having it.

Trading is a risky road to choose. When you just earn money you basically can't lose. You can only half-lose if we speak about the money you could've got but didn't. Trading requires some investments and even if you are not greedy you can lose sometimes and thus I think we can't say it is something helping to manage money at all.

[HateNATO]

Best way to manage money is to find investment sites which are paying 5% daiily roi and invest 500$ or more and invest again never reinvest and just withdrawal money and do that in couple sites but it is better to find hyip which have long life already.

[darkangel11]

So I have seen a lot of topics relating to different methods of managing money, but I found that  we invest the money in properties and save the money in banks

I'd say invest the money in bitcoin and save it in your own wallet. I don't trust banks and I don't trust governments, so I would rather have a wallet full of crypto than three houses that I can lose if the government decides to take it from me, or someone decides to test their new missile in the area.

[manbitcoinlover]

Another good way to manage money is to contact a financial adviser that knows his stuff and that won't screw you over. If you get a healthy relationship between your financial adviser and you are already rich like 500 000 dollars + you should have no problem.

[d@nte]

The best way to save money is to lower your expenses and be very strict when saving. You have to start alotting your monthly income for 10-20% and strictly not using it. Start to buy the things you just need rather than the buying the things you need and you want. Start now and eventually you can do it for the following months.

This is something that can work, saving money is something that helps the individual in unforeseen situations, besides allowing to pay off debts without delays. If the individual is unable to save large sums of money, I think that is not a problem, since saving small amounts progressively makes a difference in the long run.

[delliaerd]

Another good way to manage money is to contact a financial adviser that knows his stuff and that won't screw you over. If you get a healthy relationship between your financial adviser and you are already rich like 500 000 dollars + you should have no problem.

Contact financial adviser is the best way. no doubt, financial adviser was educated to find the best way to manage your money. They study then being the profesional in this section. Even probably we think that  we can manage our money without financial adviser but they still know the better way to manage our money to make our life and economy grow. I think educated people and un educated people are different. So the best way to manage our money is contact financial adviser.

[clickerz]

Another good way to manage money is to contact a financial adviser that knows his stuff and that won't screw you over. If you get a healthy relationship between your financial adviser and you are already rich like 500 000 dollars + you should have no problem.

I agree with you, I myself has attended several Financial Literacy Seminars and it is best if you have known someone who is a Financial Advisor. You can consult your financial situation and he can give you several option to become financially able how to manage your  finances and money,how to get rid of debt,investment and opportunities.

[virasog]

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

This may be one way to be attempted. Well, lately I organize my finances poorly. so, I'm looking for ways to manage finances are good here, and I felt that I was too wasteful in using the money. maybe a little investment would make it better

If a person can distinguish between "need" and "want" and then spend money accordingly, he/she will be able to manage money properly. Always save a percentage of your income for future emergencies. After saving, only then spend on your needs.

[Xester]

Another good way to manage money is to contact a financial adviser that knows his stuff and that won't screw you over. If you get a healthy relationship between your financial adviser and you are already rich like 500 000 dollars + you should have no problem.

I agree with you, I myself has attended several Financial Literacy Seminars and it is best if you have known someone who is a Financial Advisor. You can consult your financial situation and he can give you several option to become financially able how to manage your  finances and money,how to get rid of debt,investment and opportunities.

Financial adviser is good but if it is for free. If it is not then just list all you daily expenses up to the last penny so you can have data for analysis. Having a data is good so when you formulate your home economics you will know why and how you ended up a shortage. You can analyze how to make your budget enough or to lessen unnecessary expenses. After having known all your daily expense you can set up how much you will set aside for future use. Even a single penny or cent is important so better sure not to waste it.

[Caladonian]

Some of the points which I can think of includes but not restricted to it: -

learn finance and try to understand the difference between need and desire.
Reduce redundant expenses.
Keep some fund for an emergency.
Keep investing rather than keep spending.

I totally agree with this one.
Specially investing rather than spending it through that your money will grow fast.

This may be one way to be attempted. Well, lately I organize my finances poorly. so, I'm looking for ways to manage finances are good here, and I felt that I was too wasteful in using the money. maybe a little investment would make it better

If a person can distinguish between "need" and "want" and then spend money accordingly, he/she will be able to manage money properly. Always save a percentage of your income for future emergencies. After saving, only then spend on your needs.

Exactly knowing what is your needs and how you will control your self to use only the money for its purpose for sure you will be able to get something good in returned. It is your personal achievement if you will able to control your self spending your hard earn salary.