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Author Topic: How good are you at managing your money  (Read 51519 times)
vero
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May 21, 2016, 07:37:07 PM
 #41

i confess honestly not very good in managing money because I am always tempted to buy something at the sight of the new stuff, so i need help to managing my money.

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May 21, 2016, 08:20:20 PM
 #42

I'm not an economisst to manage well the money but i try to do my best, i spend money on what i need and save the rest. Since i'm not a married person it is not hard to mange the finances but things change when a person get married.
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May 21, 2016, 09:27:26 PM
 #43

At this precise moment I am not interested in spending my coins. I am aware that there are some risks  of eventual falls in the current price of bitcoin, but I prefer to rely on the optimistic predictions positioning the bitcoin price around $10000, so I think I would be a fool spending my coins too cheap.
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May 21, 2016, 11:35:21 PM
 #44

I'm pretty good with keeping money in a bank account that I don't really want to touch.
My checking I am not as good since I need to cut back on eating out lol

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May 21, 2016, 11:43:09 PM
 #45

i am decent at managing my money and i have started learning the money management from my early age so that helps a lot too. and it is not so hard either. just spend on things that are required in your life for a while and try to pay your debts first. you can also keep a track of what you spend and what you earn.
it is a good thing if you're used to save your money from you were young surely you will be easier to save money and not too extravagant as you've been trained to save from the young.
yeah not to be wasteful of course you have to buy the items you need only distinguish between goods desires with items that you need


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May 21, 2016, 11:47:49 PM
 #46

I'm great at money management. Pay yourself first. Invest while you're young. Invest $25 a paycheck and never touch it until retirement. People don't seem to grasp it, but this is how you become well off in your 'golden years'.
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May 22, 2016, 01:04:54 AM
 #47

In managing your money properly, you need to treat yourself as you are having a business. Keep track of your receipts and disbursements, follow always you budgeting. Set aside for emergency funds, leisure, and the most important thing is set for savings.
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May 22, 2016, 11:49:04 PM
 #48

In managing your money properly, you need to treat yourself as you are having a business. Keep track of your receipts and disbursements, follow always you budgeting. Set aside for emergency funds, leisure, and the most important thing is set for savings.

Agree and will like just to add that also treats your money managing goal seriously.

Even with proper strategy if people are not serious doing this kind of thing, it will be totally useless.

Also found multiple source of income to make it more effective like doing business, investment or finding a real life job with decent salary.

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Ziskinberg
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May 23, 2016, 07:59:28 AM
 #49

In managing your money properly, you need to treat yourself as you are having a business. Keep track of your receipts and disbursements, follow always you budgeting. Set aside for emergency funds, leisure, and the most important thing is set for savings.

Agree and will like just to add that also treats your money managing goal seriously.

Even with proper strategy if people are not serious doing this kind of thing, it will be totally useless.

Also found multiple source of income to make it more effective like doing business, investment or finding a real life job with decent salary.
Having a goal with your money earned it good, that's the best way to treat you money. With that you need to devise a plan on how to manage it properly, you money must be divided into different budgeting, set up a portion for you savings (future investments and emergencies), and for leisure ( travel to have a good time, buy for gadgets ). This budgeting plan should be followed no matter what to reach you goal.

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May 23, 2016, 08:43:44 AM
 #50

I am not that good in managing money and I need to be way better at it so I can save more money. Managing money is a pretty hard job especially when you do not make that much money but I try to do my best as much a possible. 
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May 23, 2016, 10:15:45 AM
 #51

With me it really depends, sometimes I can just live pretty cheap and save up a bunch of funds, but during vacations I usually end up spending more than I originally planned to spend.

I think it might be an option to put your savings into an account to which you don't have access for, say, a year or so.

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May 23, 2016, 12:29:47 PM
 #52

With me it really depends, sometimes I can just live pretty cheap and save up a bunch of funds, but during vacations I usually end up spending more than I originally planned to spend.

I think it might be an option to put your savings into an account to which you don't have access for, say, a year or so.
You must be referring to a time deposit savings, that is good because with that putting your money in the bank will give you a good interest. Let's not talk about bitcoins because I will feel guilty not recommending it as it gives us more interest than putting your money in the bank, the difference is the bank has an insurance to cover our deposits while putting our money in the bitcoin wallet has none. It's up to you, but please be discipline when it comes to money management.

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May 23, 2016, 02:05:43 PM
 #53

i am decent at managing my money and i have started learning the money management from my early age so that helps a lot too. and it is not so hard either. just spend on things that are required in your life for a while and try to pay your debts first. you can also keep a track of what you spend and what you earn.
it is a good thing if you're used to save your money from you were young surely you will be easier to save money and not too extravagant as you've been trained to save from the young.
yeah not to be wasteful of course you have to buy the items you need only distinguish between goods desires with items that you need
The most important to manage your money is that you have also to save some money for later and that is important otherwise you will not have money later.
And that is really bad if that happens but to earn money than you need to make an investment I think.

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May 23, 2016, 02:06:00 PM
 #54

I'd say (claim) that I'm pretty good at managing my money. I consider myself a rather thrifty person. I know what my basic necessities are and after fulfilling them I generally feel satisfied without feeling a crave for consumerism.

I don't earn / own much (neither fiat nor Bitcoin). But I'm happy the way it is. I'm free of any debt. That's a lot better than many people I know.

Money can't buy happiness. But holding on to Bitcoin for a few years will not make you sad either... Smiley

ya.ya.yo!

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May 23, 2016, 06:28:38 PM
 #55

pretty bad because i'm not discipline and have bad habit during managing my money because everytime i get money i had always spend it for things that are not necessary but i wish in the future i can learn and committed will never use my money to buy unecessary things
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May 24, 2016, 08:28:23 AM
 #56

pretty bad because i'm not discipline and have bad habit during managing my money because everytime i get money i had always spend it for things that are not necessary but i wish in the future i can learn and committed will never use my money to buy unecessary things
It all starts with you, you must have a proper budgeting so you can manage your money properly, the budgeting method can be search and found in the internet in terms of your preference. The most important thing to do that is you need to be discipline by sticking to your budget no matter what happen.

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May 24, 2016, 09:00:31 AM
 #57

To be honest, I'd say I'm pretty average at managing my money. I will improve.

For example, in the past sometimes I'm completely irrational, like gambling my own hard savings away, or believing obvious scammers. I tend to learn from each case though, so that I don't get the same result next time Smiley

It's good that you approach to your losses as to valuable lessons. I too lost some money to scammers and to gambling and with time I'm losing less and less so I'm glad I learn something from my mistakes. Looks like you do the same. Good job.

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May 24, 2016, 10:21:43 AM
 #58

I was bad enough at managing money, but then my friend told me not to buy stuff I don't need although I have enough money for daily necessity, I have to save my extra money for future needs. since that day, the words like a ghost and always appears when I want to buy things  Grin

So I think many times before buying stuff again.

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May 24, 2016, 01:50:11 PM
 #59

Im not that good when it comes to managing my money but im trying to save more for my future needs. what i usually do is when i have cash i immediately save it in the bank.. i dont buy unnecessary things for myself and i rarely go out with my friends.

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May 24, 2016, 02:37:13 PM
 #60

I always to exchange each week to fiat and save it, then partly still in bitcoin and I grow it. but in real well I do not keep money in the bank, but I also try to grow with some business.
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