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Author Topic: How good are you at managing your money  (Read 51510 times)
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September 14, 2016, 05:10:30 PM
 #561

I never run out of money so i think i manage my money pretty well

maybe you just have a tons of money, and this do not mean at all that you are good at managing it lol, it just mean that you are rich as fuck

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September 14, 2016, 05:18:19 PM
 #562

Don't know what to say about this because everyone should be a mini-economist about his own money and try to manage as well as he can, I try to manage the best I can and I always leave a small amount to help anyone and have tried also here in forum which was misused but this does not make me mad and bad to help others.

Not everyone can manage their finance well. Most of us are one day millionaires. Once we received our salary we immediately spend them on unnecessary things like cellphones and eating out on expensive restaurants or spend our money on clothes and partying. We should be mini economist in theory but in reality, we are mega spenders.

I agree i have problem with managing my finance too.  I am the one that they say one day millionaire even if my salary is just enough for my monthly expenses.  So for that i give my salary to my mum and let her manage it for me.  I'll just ask for an allowance so i wont be overspending too much.
For now my mother is in province i just live here with my wife with 3 kids but the problem my wife is not good in managing our money we are always fighting because of her addiction in gambling online.. i am the only one who managing our money but still now i can not save more.. and my goal it takes a long time before i can reach it.

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September 14, 2016, 06:33:09 PM
 #563

I never run out of money so i think i manage my money pretty well
that does not mean that you manage your money that well i guess, because you might just have a lot of money i think so you would never run out of it even in a longer run if you spend your money on the things you do not need so that is not the thing that shows your skills at managing money

i think that you can manage your money if you have a limited supply of it and you still manage to live a decent life even in the situations when you need a lot of money, that would mean that you know what to do with the money

im neither good nor bad at it, i have never had a situation in which i would be in desperate need for money, so i think it is hard to predict what would be the outcome for that, i think that i wouldnt have too much problems though hopefully


 
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September 14, 2016, 07:21:08 PM
 #564

Don't know what to say about this because everyone should be a mini-economist about his own money and try to manage as well as he can, I try to manage the best I can and I always leave a small amount to help anyone and have tried also here in forum which was misused but this does not make me mad and bad to help others.

Not everyone can manage their finance well. Most of us are one day millionaires. Once we received our salary we immediately spend them on unnecessary things like cellphones and eating out on expensive restaurants or spend our money on clothes and partying. We should be mini economist in theory but in reality, we are mega spenders.

I agree i have problem with managing my finance too.  I am the one that they say one day millionaire even if my salary is just enough for my monthly expenses.  So for that i give my salary to my mum and let her manage it for me.  I'll just ask for an allowance so i wont be overspending too much.
For now my mother is in province i just live here with my wife with 3 kids but the problem my wife is not good in managing our money we are always fighting because of her addiction in gambling online.. i am the only one who managing our money but still now i can not save more.. and my goal it takes a long time before i can reach it.
it was really bad a wife can be addicted to online gambling, it should be as a mother is more concerned with the money for the kids.
but probably only you that can change everything. I myself even still a little wasteful in managing finances, although I have not married. because you know that young people are very happy to play and spend money.

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September 15, 2016, 05:13:48 AM
 #565

I never run out of money so i think i manage my money pretty well

There are people who run out of money because of too much managing it. Dividing the money to different expenses makes you a good one. Investment, daily necessities, bills and more to pay, this thing should fall in the budget but will never get short. Sometimes they forget their own expense that is why they run out of money.
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September 15, 2016, 05:20:26 AM
 #566

Im good at managing my money when it comes in business because i don't want too , to become bankrupt my business and i dont' think that my company lives for long when there are no buyers and users who are buying with my product. I love saving money to use it when i need it in terms of needs.

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September 15, 2016, 05:26:07 AM
 #567

Im good at managing my money when it comes in business because i don't want too , to become bankrupt my business and i dont' think that my company lives for long when there are no buyers and users who are buying with my product. I love saving money to use it when i need it in terms of needs.

That's a proof that you are good in managing your money, you have a business that never fade and never have a problem and at the same time you are working at a company and you have a perspective... In short you are prepared whatever happen to both source of your bread and butter... I think that's a good key for you to have an easy life...  Smiley
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September 15, 2016, 05:59:16 AM
 #568

I never run out of money so i think i manage my money pretty well

There are people who run out of money because of too much managing it. Dividing the money to different expenses makes you a good one. Investment, daily necessities, bills and more to pay, this thing should fall in the budget but will never get short. Sometimes they forget their own expense that is why they run out of money.

When you are good at managing and recording your budget and strictly following it for awhile already, I don't think so that you will still be short with your money. Unless that there is some big emergency that your emergency budget is not capable of shouldering that. Otherwise, your money flow will be smoother from time to time when you have that strict budget implementation.
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September 15, 2016, 08:19:09 AM
 #569

I never run out of money so i think i manage my money pretty well

There are people who run out of money because of too much managing it. Dividing the money to different expenses makes you a good one. Investment, daily necessities, bills and more to pay, this thing should fall in the budget but will never get short. Sometimes they forget their own expense that is why they run out of money.

When you are good at managing and recording your budget and strictly following it for awhile already, I don't think so that you will still be short with your money. Unless that there is some big emergency that your emergency budget is not capable of shouldering that. Otherwise, your money flow will be smoother from time to time when you have that strict budget implementation.
I think that should go together because even how good is your plan but you lack on the implementation side you will not succeed in managing your money, regardless on how much money we are making we need to learn how to manage it properly.

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September 15, 2016, 08:19:50 AM
 #570

actually i'm not good at managing my money as a student i can't stop myself from making an expenses . and also when i get hungry i can't stop myself on spending for the food i wanted to eat  Grin Grin i want to save money but i don't want to suffer from starvation and craving for foods . haha
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September 15, 2016, 08:46:55 AM
 #571

honestly, I currently very difficult to organize my financial. if I think, I do not need much secondary purposes purposes, however, the money I get from bitcoin always exhausted because of it. Initially I always underestimate it, but I guess now I'll start thinking about how to set up a good financial
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September 15, 2016, 09:55:48 AM
 #572

actually i'm not good at managing my money as a student i can't stop myself from making an expenses . and also when i get hungry i can't stop myself on spending for the food i wanted to eat  Grin Grin i want to save money but i don't want to suffer from starvation and craving for foods . haha

Food is basic necessity and you cannot deprive yourself with it. But you can better manage your money by choosing the cheaper but healthy foods to eat. But if you eat expensive and unhealthy foods, then you are guilty of mismanaging your money.
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September 15, 2016, 10:53:13 AM
 #573

honestly I was the one who was not good at managing finances. however I feel happy, because I can still manage the expenditure to be less than income. it helps me save a little money to save each month.
im not too good about it still, i sometimes dont manage to make enough money for the things i want to buy though im still learning

But money managing is not about making the money you want to buy stuff with it's about preserving money and managing the money you actually have. Which is quite easy if you make a budget and can oversee all your monthly costs trough 1 sheet.


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September 15, 2016, 10:54:32 AM
 #574

I never run out of money so i think i manage my money pretty well
well, I don't think if you are not ran out of money ever it means you are a good manager and managing your money well(may be you are.
you may have a lot of money thats why you are not run out of manager.
good manager is the person who manage his monthly needs in less amount of money. and still safe some of them.

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September 15, 2016, 11:00:41 AM
 #575

I never run out of money so i think i manage my money pretty well
well, I don't think if you are not ran out of money ever it means you are a good manager and managing your money well(may be you are.
you may have a lot of money thats why you are not run out of manager.
good manager is the person who manage his monthly needs in less amount of money. and still safe some of them.
haha that's true that never run out of money doesn't mean someone good at managing,i guess he's loaded with tons of money or he's actually a rich boy that every his needs already fulfilled,if you want to test whether you're good at managing money or not,try to live with 50% of your salary in 6 months

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September 15, 2016, 11:18:57 AM
 #576

I never run out of money so i think i manage my money pretty well
well, I don't think if you are not ran out of money ever it means you are a good manager and managing your money well(may be you are.
you may have a lot of money thats why you are not run out of manager.
good manager is the person who manage his monthly needs in less amount of money. and still safe some of them.
haha that's true that never run out of money doesn't mean someone good at managing,i guess he's loaded with tons of money or he's actually a rich boy that every his needs already fulfilled,if you want to test whether you're good at managing money or not,try to live with 50% of your salary in 6 months
And it is not enough that you don't run out of money. What if one day an emergency happens? Maybe you have enough for your day to day living, but when unforeseen events that require you to use a huge amount of cash comes, you might find yourself with less than what you thought you have.
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September 15, 2016, 11:35:39 AM
 #577

I spend my bitcoin by investing and buying stuffs online.
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September 15, 2016, 12:06:12 PM
 #578

I manage my money according to the moment my country (and the official currency) is passing. Who lives in domination by government must have a strategy to escape the stupidities of government. Here in Brazil the official currency lost value very and many time you don't even know how or when it occur (I mean taxation, because a month you pay "x" in electricity or in water usage, but in the next month you pay "x+20%") so that's why the management here is a little more difficult. But until is possible I make my BTC reserves.


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September 15, 2016, 12:49:19 PM
 #579

seriously ill take anything, anyone have a spare sock, my foot is cold

Haha good one. I am quite good at managing my money as taught by my parents when I was young. Alot of stuff you buy is stuff you don't need AT ALL. Just try to track all the stuff you buy in a month and then at the end of the month you'll be shocked.
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September 15, 2016, 12:53:14 PM
 #580

I spend my bitcoin by investing and buying stuffs online.

A pretty brilliant way. Can you tell about the website what you use to purchase goods online..?? and why do you prefer the bitcoin as payment purchase goods online..?? . And I hope that you are investing with a terpecaya place and free from hyip or ponzi system because it was very dangerous and could cause great harm
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