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Author Topic: Best way to manage money?  (Read 61062 times)
bitcoinisbest
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December 11, 2016, 07:57:58 AM
 #1141

Some of the basic rules work out bets while managing the money like do you budget planning, or if you prefer, set up a spending plan. To manage your money properly and get ahead financially, you need to spend less than you earn. Check your income regularly and ways to increase them . Then determine how much of your income is spent on monthly bills and necessities.
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December 11, 2016, 08:08:16 AM
 #1142

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.

I agree if you know very well the difference between this two, needs and want, you never need a financial advisor Cheesy. They are just leech to suck your money out because you have to pay them in every consultation you made.  I would welcome them if they work for free.  At the end of the day they are just business entity to make profit of the people who are looking for financial advice.

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December 11, 2016, 03:56:58 PM
 #1143

Most of bitcoin users get bitcoin and then use it either for gambling or investing which are quit risky , the best way to mange your money is to now your needs and you know how to earn and spend money in a smart way , i personally used to waste money left and right on things that are considered optional until i came to realize that if i hold bitcoin and only spend some of it on the things i need the eventually i will increase my income .
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December 11, 2016, 05:04:39 PM
 #1144

Most of bitcoin users get bitcoin and then use it either for gambling or investing which are quit risky , the best way to mange your money is to now your needs and you know how to earn and spend money in a smart way , i personally used to waste money left and right on things that are considered optional until i came to realize that if i hold bitcoin and only spend some of it on the things i need the eventually i will increase my income .

Though i don't gamble nor i invest my bitcoins on any investment platform as i don't see any legit of them so i just earn them and cash out a part of it to be spent on myself and i keep the other part for future because as you said that will worth more in coming time.
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December 13, 2016, 05:05:57 PM
 #1145

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.
The percentages may vary depending in your lifestyle and your income but what you suggest is correct, but I will add  the first thing you must do when you receive your paycheck is to save and invest, that way you will not have the temptation of spending more what you need.

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December 13, 2016, 05:16:24 PM
 #1146

It's nice to see people are into managing money. Some of my friends are not so great at it. They just spend and spend until they ran out then say they don't have money.

For me, the best way to manage now is to challenge yourself into saving money (Because I'm a competitive guy better to compete with a friend or someone you have a relationship with) it's better to start in 2017 now. January for example, $200 then February, $300 and so on.

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December 13, 2016, 05:45:48 PM
 #1147

It's nice to see people are into managing money. Some of my friends are not so great at it. They just spend and spend until they ran out then say they don't have money.

For me, the best way to manage now is to challenge yourself into saving money (Because I'm a competitive guy better to compete with a friend or someone you have a relationship with) it's better to start in 2017 now. January for example, $200 then February, $300 and so on.
Saving is one of the best thing in managing money because you get a benefits if you save.. and you should have a goal like mine if i save $10000 usd i will start a business which is buying tools for cellphone and computer this is what i actually gradually buying right now with bitcoin with my local business that honestly bitcoin is given me a chance to increase my tools for repairing phones and laptops.

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December 14, 2016, 02:05:47 AM
 #1148

Cryptocurrencies are a wise investment themselves, although dividend stocks or currency trade would boast when learned. Investing can take a few years to learn and then a few years to master with riches (or a small profit for beginners.) so be careful.

Try with a smaller amount to better your chances long term with periodic reinvestment.

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December 14, 2016, 03:16:39 AM
 #1149

Cryptocurrencies are a wise investment themselves, although dividend stocks or currency trade would boast when learned. Investing can take a few years to learn and then a few years to master with riches (or a small profit for beginners.) so be careful.

Try with a smaller amount to better your chances long term with periodic reinvestment.
It could be risky but it's the best investment IMO, we can earn more money here when our investment succeed and we just need to spend small amount of money as our capital, the beginning of great things is here.

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December 14, 2016, 03:22:47 AM
 #1150

It's nice to see people are into managing money. Some of my friends are not so great at it. They just spend and spend until they ran out then say they don't have money.

For me, the best way to manage now is to challenge yourself into saving money (Because I'm a competitive guy better to compete with a friend or someone you have a relationship with) it's better to start in 2017 now. January for example, $200 then February, $300 and so on.
Saving is one of the best thing in managing money because you get a benefits if you save.. and you should have a goal like mine if i save $10000 usd i will start a business which is buying tools for cellphone and computer this is what i actually gradually buying right now with bitcoin with my local business that honestly bitcoin is given me a chance to increase my tools for repairing phones and laptops.


This is a good strategy, to have a private business can be a risky choice, but very profitable if you know what you are doing and if people around you are interested in your services. $10000 is a lot of money, almost 13 BTCs, it's a big investment, I hope you get it and make wealth with your project.

I'm saving money too to start my little business, I don't need much, I want to start low and increase the business with the time, about $300-$400 for me is enough. I want to start breeding some animals and make profit with this.

 
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December 14, 2016, 03:35:05 AM
 #1151

Me, im just a simple person. I dont bring money if its not needed. I just bring money just enough for me to eat or have some fun. I dont really spend that much because i know its really hard to earn money. Stop using credit cards. You are only making yourself a graveyard because you are going to spend money and make your debts piling up. In the end, you are wearing rags and homeless.

I think if only people can really appreciate every money they earn. I think its their lifesaver.
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December 14, 2016, 05:58:47 AM
 #1152

Me, im just a simple person. I dont bring money if its not needed. I just bring money just enough for me to eat or have some fun. I dont really spend that much because i know its really hard to earn money. Stop using credit cards. You are only making yourself a graveyard because you are going to spend money and make your debts piling up. In the end, you are wearing rags and homeless.

I think if only people can really appreciate every money they earn. I think its their lifesaver.
Credit card are usually for convenience but there are people who does not see it that way, they always advance to buy something because they are tempted with their overwhelming credit limit until they forgot to follow their budget. It requires a lot of discipline and if you are easily tempted then better stay away from credit card, it will only give a negative effect in your life.

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December 14, 2016, 06:40:32 AM
 #1153

Me, im just a simple person. I dont bring money if its not needed. I just bring money just enough for me to eat or have some fun. I dont really spend that much because i know its really hard to earn money. Stop using credit cards. You are only making yourself a graveyard because you are going to spend money and make your debts piling up. In the end, you are wearing rags and homeless.

I think if only people can really appreciate every money they earn. I think its their lifesaver.
Credit card are usually for convenience but there are people who does not see it that way, they always advance to buy something because they are tempted with their overwhelming credit limit until they forgot to follow their budget. It requires a lot of discipline and if you are easily tempted then better stay away from credit card, it will only give a negative effect in your life.
Having credit cards is not really a bad thing since it do really helps us on our daily living especially on our needs but there are really times that it would really tempt us to buy our wants using that card and its really hard to stop it especially you know that you could able to buy it with a single swipe. If you are a credit card holder then its better to follow your budget and dont waste off money because you will suffer in the end for sure.

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December 14, 2016, 11:57:38 AM
 #1154

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.

But sometimes for spending a happy life the 'wants' are also much beneficial to fulfill as without that the life become dull and without luxuries life often give many problems like inconvenience like if you only rely in a smaller house with nothing in there just some goods for basic needs then life there often lead to sickness.
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December 14, 2016, 05:11:56 PM
 #1155

Me, im just a simple person. I dont bring money if its not needed. I just bring money just enough for me to eat or have some fun. I dont really spend that much because i know its really hard to earn money. Stop using credit cards. You are only making yourself a graveyard because you are going to spend money and make your debts piling up. In the end, you are wearing rags and homeless.

I think if only people can really appreciate every money they earn. I think its their lifesaver.
Credit card are usually for convenience but there are people who does not see it that way, they always advance to buy something because they are tempted with their overwhelming credit limit until they forgot to follow their budget. It requires a lot of discipline and if you are easily tempted then better stay away from credit card, it will only give a negative effect in your life.
Having credit cards is not really a bad thing since it do really helps us on our daily living especially on our needs but there are really times that it would really tempt us to buy our wants using that card and its really hard to stop it especially you know that you could able to buy it with a single swipe. If you are a credit card holder then its better to follow your budget and dont waste off money because you will suffer in the end for sure.
The problem with credit cards is most people don't know how to use them, they buy things they don't need with credit cards and pay very high interest rates for something they could have bought by just applying money management skills.

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December 14, 2016, 05:21:46 PM
 #1156

Me, im just a simple person. I dont bring money if its not needed. I just bring money just enough for me to eat or have some fun. I dont really spend that much because i know its really hard to earn money. Stop using credit cards. You are only making yourself a graveyard because you are going to spend money and make your debts piling up. In the end, you are wearing rags and homeless.

I think if only people can really appreciate every money they earn. I think its their lifesaver.
Credit card are usually for convenience but there are people who does not see it that way, they always advance to buy something because they are tempted with their overwhelming credit limit until they forgot to follow their budget. It requires a lot of discipline and if you are easily tempted then better stay away from credit card, it will only give a negative effect in your life.
Having credit cards is not really a bad thing since it do really helps us on our daily living especially on our needs but there are really times that it would really tempt us to buy our wants using that card and its really hard to stop it especially you know that you could able to buy it with a single swipe. If you are a credit card holder then its better to follow your budget and dont waste off money because you will suffer in the end for sure.
The problem with credit cards is most people don't know how to use them, they buy things they don't need with credit cards and pay very high interest rates for something they could have bought by just applying money management skills.

That is why I don't want to have one. I don't like to buy things in credit, only debit. If I don't have the money I don't buy anything. And the interest you should pay over the credit card just make you lose money.
Best way to manage money is buying things in cash, cheaper stuff, extra economy for you!

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BitcoinExpart
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December 14, 2016, 05:34:03 PM
 #1157

How to manage money?I can deliver you a very easy solution to find out a easy process to manage money.However,in my opinion we should change our mentality to save some money in our daily life purpose.It's very effective and east too.In my personal experience i can give you 100% guarantee about that without facing any difficulty.

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serjent05
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December 14, 2016, 06:07:25 PM
 #1158

How to manage money?I can deliver you a very easy solution to find out a easy process to manage money.However,in my opinion we should change our mentality to save some money in our daily life purpose.It's very effective and east too.In my personal experience i can give you 100% guarantee about that without facing any difficulty.

I agree that to start a change one must change his way of thinking first.  But the process does not end there.  There are lots of people that have changed their perception but the problem is they don't know where to start or what to do.  This will be solved by providing them information on what to do or where to start.  The very basic would be giving pointers on setting up their daily to monthly budget. So listing the needs and separating it from wants is a good way to go.  Prioritized saving , monthly bills before going to the groceries and other stuff.  This should be discussed by the family so every one is aware about the budget plan.  Plan to cut off bills too, that way you can use the extra to more important stuff.  But then you should be flexible on every situation.

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sunsilk
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December 15, 2016, 05:33:22 AM
 #1159

How to manage money?I can deliver you a very easy solution to find out a easy process to manage money.However,in my opinion we should change our mentality to save some money in our daily life purpose.It's very effective and east too.In my personal experience i can give you 100% guarantee about that without facing any difficulty.

So how's your way of managing money effective has been effective to you? Would you mind if you can share it here for free.

Because with that type of saying, you are probably going to offer that with fee, just like what I can see with the forum ad space.

I'm just curious and interested to that process you are saying.

Fatanut
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December 15, 2016, 01:07:47 PM
 #1160

How to manage money?I can deliver you a very easy solution to find out a easy process to manage money.However,in my opinion we should change our mentality to save some money in our daily life purpose.It's very effective and east too.In my personal experience i can give you 100% guarantee about that without facing any difficulty.

So how's your way of managing money effective has been effective to you? Would you mind if you can share it here for free.

Because with that type of saying, you are probably going to offer that with fee, just like what I can see with the forum ad space.

I'm just curious and interested to that process you are saying.
Might as well be a copy+paste of some advertisements. The words that he used sounds all so familiar and that surely sounds like someone selling an e-Book online of his success experience would say. Most of them say that they have this method and it guarantees you good result. They say that it's what they've been doing and so on so forth. This type of manipulation is very common. They make you interested about something but let's you pay to get more details about it.

If you really want to manage your money, I suggest to not buy some eBook like this. It might be just some pretty basic method which anyone that has the right mind can think of. There are books and subreddits out there dedicated for managing your money. Don't waste your money for something like this.

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