How good are you at managing your money

[tommorisonwebdesign]

While we are all here on this forum to earn one way or another, how well do you manage that money after you've earned it. Do you trade your Bitcoin as fast as you can spending it all in a day or do you save it? I recently got paid for a job I did in programming and i keep finding myself wanting to spend more of that money i made. I have a lot of credit card debt and that is not good. I have destroyed only two ofg my credit cards to which I owe thousands of dollars on.

how do you spend your money?

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[The Sceptical Chymist]

I'm pretty bad at it and I don't make as much as I used to.   But I don't have credit cards so I don't live beyond my means.  I guess I'm not as bad as I used to be.

[steven0021]

I try to spend as little as I can on stuff I don't really need and that made me spend less compared to other people that I know. But sometimes I just buys some things or gamble my btc/fiat without thinking very much. I think that I'm doing quite good for now, though.

[Amph]

pretty good buying only the necessary and when needed, and the first rule is to not igive the management of your money to your wife/girlfriend/etc..., they are a disaster in this

[blackmachinegun]

I'm pretty bad at it and I don't make as much as I used to.   But I don't have credit cards so I don't live beyond my means.  I guess I'm not as bad as I used to be.

yeah manage finances is something that is quite difficult. if it is easy to manage the finances of course we will be easy to become rich?
and I think you do not need to make a credit card it will only add to costs. because with that card you will be more likely to shop

[zerocharisma]

pretty good buying only the necessary and when needed, and the first rule is to not igive the management of your money to your wife/girlfriend/etc..., they are a disaster in this

In our country it's the other way. Men work hard to earn money and then they give some of that money to their wife. Wife is always the one who control on what to buy, pay the bills and buy what's needed. They are the one who budget and manage the money.

Well, since i'm still not married nor has girlfriend. So far i'm good at managing my money, i only buy what i need and keep on track on the monthly expenses. Every month i always plan on what i should buy for myself as a reward for working hard. 

[sallymeeh27]

I am also not good in managing money and I am not ashamed to admit this. I can also be like others that spend all the way the money that I earned from here. Well what I am doing from the money that I earned from bitcoin is I used this for me to come to work and it is always been like that. Bitcoin actually help me a lot during short times before my next period of salary comes. It is always been my rescuing money during shortage of salary. Well as all of you can imagine how bitcoin inspires me a lot to continue posting while I am doing work and it is always been a blessing.

[Kprawn]

Financial discipline depends on your circumstances... I were taught at an early age to invest wisely and to save wealth for a rainy day. I think I am one of the lucky people out there.. who were

privileged enough to come from a family where we appreciated the little we had, and we were taught financial discipline at an early age. So many people out there live recklessly and waste money

on worthless things. Unfortunately debt is part of our lives and most people cannot buy all their assets like a house and a car with cash. I work hard and earn a decent salary to survive... the

income I receive here, goes towards every day expenses and to pay some debt for my family. It is just a added bonus for doing something I love... talking about Bitcoin.   

[BombayChicken]

While we are all here on this forum to earn one way or another, how well do you manage that money after you've earned it. Do you trade your Bitcoin as fast as you can spending it all in a day or do you save it? I recently got paid for a job I did in programming and i keep finding myself wanting to spend more of that money i made. I have a lot of credit card debt and that is not good. I have destroyed only two ofg my credit cards to which I owe thousands of dollars on.

how do you spend your money?

I am not that good in managing money, the first two weeks I always spend more money then I actually have to spend. But I try to manage my money has good as possible, I always save money that is for sure.

[carlisle1]

I've tried to spend a little of my money and save it but when i got hungry and whenever i saw a food from the streets i cant stop myself from spending a money just to eat some street foods . I dont know why i cant control myself from spending when it comes to food that i like to eat   i'm not good at managing my money but i just want to eat some chocolates and street foods xD

[bitkilo]

I'm pretty bad at it and I don't make as much as I used to.   But I don't have credit cards so I don't live beyond my means.  I guess I'm not as bad as I used to be.

About the same story here, never been too good with my money but i have been getting better lately. At least my rent is always up to date and bills paid.

I also don't have any credit cards, got 1 sent to me as soon as i turned 18 i think and it went very bad but that was years ago now so i lernt my lesson the hard way on that.

Since my work hours got cut when sales went down a few months ago i have had to survive from paycheck to paycheck.

[DeathProxyX]

I'm bad with mine  (cars, girls & restaurants).

But very good with other's money (because i earn from mamaging money )

[andulolika]

I am pretty good at it, then i go to just-dice.

[Evildrum]

http://www.theatlantic.com/magazine/archive/2016/05/my-secret-shame/476415/

The Secret Shame of Middle-Class Americans

Nearly half of Americans would have trouble finding $400 to pay for an emergency. I’m one of them.

The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something...

Was a similar story floating around about people not able to get $1k in a emergency and it was like 38% of people making over 100K a year could not come up with that amount in a jam.

[btc-facebook]

I can earn bitcoin through forum which is something extraordinary if I compare with my local forum. I was glad to be here.
Because I can earn some bits, I try to save them and try to spend when I need it ( pay school fee , helping my parents )

[randy8777]

i mostly save it all up till it's a decent amount and then i move it to my cold wallet. some times i cash out some of my coins to have a beer or something to eat in the city.

[MingLee]

I basically save whatever I can and don't spend a whole lot, and this includes my Bitcoin.

I don't have a lot of money in the first place, but the income that I do have goes to paying bills and making sure I'm not falling behind on any of that, and then I save the remainder for what will hopefully never be a rainy day.

It all depends on what you call being able to effectively manage your money, but I think I'm doing a decent job at it.

[jacee]

While we are all here on this forum to earn one way or another, how well do you manage that money after you've earned it. Do you trade your Bitcoin as fast as you can spending it all in a day or do you save it? I recently got paid for a job I did in programming and i keep finding myself wanting to spend more of that money i made. I have a lot of credit card debt and that is not good. I have destroyed only two ofg my credit cards to which I owe thousands of dollars on.

how do you spend your money?

Honestly speaking I am newr good at manging money. Be it in giat or in bitcoins. I try to save my money as much as I can but at some point I had to spend those saving for daily expenses when I don't hve enough money so I ended up loosing all my savings eventually. Maybe it's just me being jobless that I always ended up with no saving. I'm trying to find a job tho but I have to save money still so I can cover up for my living expenses and job requirements. It sucks trying to support my own.

[tommorisonwebdesign]

I'm pretty bad at it and I don't make as much as I used to.   But I don't have credit cards so I don't live beyond my means.  I guess I'm not as bad as I used to be.

About the same story here, never been too good with my money but i have been getting better lately. At least my rent is always up to date and bills paid.

I also don't have any credit cards, got 1 sent to me as soon as i turned 18 i think and it went very bad but that was years ago now so i lernt my lesson the hard way on that.

Since my work hours got cut when sales went down a few months ago i have had to survive from paycheck to paycheck.

I actsually have a lot of credit card debt myself and I'm on a pension. I spend more money than I earned. The real thing that screwed me over is maxing out my credit cards. Now I have little money except what I earn here.

[Evildrum]

I'm pretty bad at it and I don't make as much as I used to.   But I don't have credit cards so I don't live beyond my means.  I guess I'm not as bad as I used to be.

About the same story here, never been too good with my money but i have been getting better lately. At least my rent is always up to date and bills paid.

I also don't have any credit cards, got 1 sent to me as soon as i turned 18 i think and it went very bad but that was years ago now so i lernt my lesson the hard way on that.

Since my work hours got cut when sales went down a few months ago i have had to survive from paycheck to paycheck.

I actsually have a lot of credit card debt myself and I'm on a pension. I spend more money than I earned. The real thing that screwed me over is maxing out my credit cards. Now I have little money except what I earn here.

This has become the case for most people with credit,debt has suddenly become seen as a good thing because the interest rates are so low.
Once we adjust there will be a generation or two that never knew interest rates could be so high and have never known 15% in their lives.
There is a reason why car companies are getting into the the business of debt,they can make 5 times more money this way.