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Author Topic: How good are you at managing your money  (Read 51513 times)
springgers
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November 12, 2016, 03:59:28 AM
 #901

I'm the worst what comes to the monetary management. In fact, one of the reasons why I started to invest in Bitcoin was that I wouldn't put my all earned money to waste anymore. It has been the great success for me and I found that this is the suitable way for me to gain wealth and also earn some extra income through investing and trading.

That's a good one mate.. you already learned how to invest your bitcoins via trading. I'm also not good at managing my money.. I always want to buy anything I want with my money thinking that I can still get my money back because of my salary.. I already have my own family and thinking that I need to invest.. good thing bitcoin was introduced to me by my friend and now I see a lot of opportunities for me to earn aside from my monthly income.

That is a good counter initiative out of your weakness you are able to make a way to fight against it and you make it even more profitable. Different thing with me because many are very disappointed with me when it comes to managing my money, because they are calling me as miser. And I don't care even they call me as that as long as I am able to manage my money properly.

We learn a lot of thing on school but nothing about money and that reflects when we become adults, most of us have no control and just spend more than have and that's why banks and credit cards have a good profit Wink
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November 12, 2016, 04:39:30 AM
 #902

I'm the worst what comes to the monetary management. In fact, one of the reasons why I started to invest in Bitcoin was that I wouldn't put my all earned money to waste anymore. It has been the great success for me and I found that this is the suitable way for me to gain wealth and also earn some extra income through investing and trading.

That's a good one mate.. you already learned how to invest your bitcoins via trading. I'm also not good at managing my money.. I always want to buy anything I want with my money thinking that I can still get my money back because of my salary.. I already have my own family and thinking that I need to invest.. good thing bitcoin was introduced to me by my friend and now I see a lot of opportunities for me to earn aside from my monthly income.

That is a good counter initiative out of your weakness you are able to make a way to fight against it and you make it even more profitable. Different thing with me because many are very disappointed with me when it comes to managing my money, because they are calling me as miser. And I don't care even they call me as that as long as I am able to manage my money properly.

We learn a lot of thing on school but nothing about money and that reflects when we become adults, most of us have no control and just spend more than have and that's why banks and credit cards have a good profit Wink
yes that is right to say, i my self not good in managing my money, some time i spent a lot and then feeling difficulties in the rest of the days, i also have not a fixed target to spend in particular months or days, therefore i can say that i am not too good in managing my money.
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November 12, 2016, 05:04:19 AM
 #903

I'm the worst what comes to the monetary management. In fact, one of the reasons why I started to invest in Bitcoin was that I wouldn't put my all earned money to waste anymore. It has been the great success for me and I found that this is the suitable way for me to gain wealth and also earn some extra income through investing and trading.

That's a good one mate.. you already learned how to invest your bitcoins via trading. I'm also not good at managing my money.. I always want to buy anything I want with my money thinking that I can still get my money back because of my salary.. I already have my own family and thinking that I need to invest.. good thing bitcoin was introduced to me by my friend and now I see a lot of opportunities for me to earn aside from my monthly income.

That is a good counter initiative out of your weakness you are able to make a way to fight against it and you make it even more profitable. Different thing with me because many are very disappointed with me when it comes to managing my money, because they are calling me as miser. And I don't care even they call me as that as long as I am able to manage my money properly.

We learn a lot of thing on school but nothing about money and that reflects when we become adults, most of us have no control and just spend more than have and that's why banks and credit cards have a good profit Wink
yes that is right to say, i my self not good in managing my money, some time i spent a lot and then feeling difficulties in the rest of the days, i also have not a fixed target to spend in particular months or days, therefore i can say that i am not too good in managing my money.

this is very bad and you should fix it as soon as possible because soon enough you will regret it because unless you are rich or earning lots of money you need to learn how to manage your money and spend it more wisely if you don't want to end up having trouble at the end of the month some day.


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November 12, 2016, 07:50:44 AM
 #904

this time I was not good in managing money that I have. I needs are always changing every time, because I was a student, but I keep trying different ways that I can arrange my financial to date, although it is still less successful
Students generally carefree life because there is no family and no children with his wife who constantly need different things. And if a house that is in need of investment, then all the money as lost from his pocket.
Even though a student doesn't have a family to feed, it's actually pretty hard to survive in college. The expenses are so much. Most college students work at night so they can pay their rent. I don't think buying a house is a good investment since you'll most probably move into another place once you graduate. Renting bed spaces is enough since you only need a place to sleep, take a bath, and eat. You don't need one whole house.

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November 12, 2016, 08:25:33 AM
 #905

this time I was not good in managing money that I have. I needs are always changing every time, because I was a student, but I keep trying different ways that I can arrange my financial to date, although it is still less successful
Students generally carefree life because there is no family and no children with his wife who constantly need different things. And if a house that is in need of investment, then all the money as lost from his pocket.
Even though a student doesn't have a family to feed, it's actually pretty hard to survive in college. The expenses are so much. Most college students work at night so they can pay their rent. I don't think buying a house is a good investment since you'll most probably move into another place once you graduate. Renting bed spaces is enough since you only need a place to sleep, take a bath, and eat. You don't need one whole house.
Depends on what school are you going for your college, if you go to an expensive school then you will really have a problem with that. You have to live within your means, you can study and a cheaper school while still getting the right knowledge as required.

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November 12, 2016, 08:39:36 AM
 #906

this time I was not good in managing money that I have. I needs are always changing every time, because I was a student, but I keep trying different ways that I can arrange my financial to date, although it is still less successful
Students generally carefree life because there is no family and no children with his wife who constantly need different things. And if a house that is in need of investment, then all the money as lost from his pocket.
Even though a student doesn't have a family to feed, it's actually pretty hard to survive in college. The expenses are so much. Most college students work at night so they can pay their rent. I don't think buying a house is a good investment since you'll most probably move into another place once you graduate. Renting bed spaces is enough since you only need a place to sleep, take a bath, and eat. You don't need one whole house.
Depends on what school are you going for your college, if you go to an expensive school then you will really have a problem with that. You have to live within your means, you can study and a cheaper school while still getting the right knowledge as required.
In first world countries, there's no cheap school at all. Students are doomed to get student loans and pay for it continuously years after they graduate. In third world countries, even if the price of studying in college is much less, it would still be hard because it's harder to get money in those areas. I guess this is the reason why people prefer to not go in college at all and just develop their skills all by themselves even though having a degree is really important in getting a day job.

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November 12, 2016, 12:04:00 PM
 #907

this time I was not good in managing money that I have. I needs are always changing every time, because I was a student, but I keep trying different ways that I can arrange my financial to date, although it is still less successful
Students generally carefree life because there is no family and no children with his wife who constantly need different things. And if a house that is in need of investment, then all the money as lost from his pocket.
Even though a student doesn't have a family to feed, it's actually pretty hard to survive in college. The expenses are so much. Most college students work at night so they can pay their rent. I don't think buying a house is a good investment since you'll most probably move into another place once you graduate. Renting bed spaces is enough since you only need a place to sleep, take a bath, and eat. You don't need one whole house.
Depends on what school are you going for your college, if you go to an expensive school then you will really have a problem with that. You have to live within your means, you can study and a cheaper school while still getting the right knowledge as required.
In first world countries, there's no cheap school at all. Students are doomed to get student loans and pay for it continuously years after they graduate. In third world countries, even if the price of studying in college is much less, it would still be hard because it's harder to get money in those areas. I guess this is the reason why people prefer to not go in college at all and just develop their skills all by themselves even though having a degree is really important in getting a day job.
There's a reason why there schools are not cheap, that's because they can work even as student but can already receive a great income under the minimum pay. In third world country, most student relies on their parents, so that's the big difference.

Still a similar situation if you would analyze.

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November 13, 2016, 07:46:52 AM
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Managing my money isn't that hard when you need money for the future then you must keeping money on bank and keeping that you will save some money not to spend not spending too much will save money too. Don't invest Don't buy things that you wouldn't use and Don't Gambling your Money.

I also think that managing the money is not difficult way, difficult and hard way to earn money. So many ways are here to manage it, like bank and wallet and also very easy way, safe your money in your home. 

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November 13, 2016, 07:52:29 AM
 #909

You always have to learn to spend their money. I've made sure that our needs are much more than how much we earn. The first thing is to save and not otherwise. Because you can all spend faster than earn.

Completely agree with this one. It doesn’t matter how much you are earning, it all depends on how you are utilising that earned money. There are two types of utilisation, the first one is spending money for expenditure (where the return is not certain in most of the cases) and another one is spending it for investment purpose where you get something more in return (at least safe in most of the cases).
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November 13, 2016, 07:57:10 AM
 #910

In the last few months I basically became 'an expert' at managing my own money. From time to time I keep thinking about buying different stuff like. New phone, a new case for my actual phone, new PC rigs or stuff like that but before I'm doing anything I just think about my own money and how easy it goes away and I stop from spending it on anything. I'm saving every single penny if I can. It's not about anything else but the future of my childrens' and my own life.
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November 13, 2016, 07:58:16 AM
 #911

I now have a money management strategy is this - I try to invest maximum resources. I plan in the near future to open a business, so I need the money. a lot of. And I save
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November 13, 2016, 09:30:34 AM
 #912

I'm not good in terms of managing money. When my salary comes to me i can't stop myself do some shopping and go home just a little cents left from my salary. That is why when it's payday i go home right away and give all my salary to my parents. I just left some amounts that i will use daily.
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November 13, 2016, 12:40:59 PM
 #913

I'm not good in terms of managing money. When my salary comes to me i can't stop myself do some shopping and go home just a little cents left from my salary. That is why when it's payday i go home right away and give all my salary to my parents. I just left some amounts that i will use daily.
Well, you should learn how to manage your money. A discipline is very necessary to be able to do things right, and when you have that you will be successful. Do not wait for the time that you will have to regret especially when you are in a desperate situation.
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November 13, 2016, 01:00:20 PM
 #914

I'm not good in terms of managing money. When my salary comes to me i can't stop myself do some shopping and go home just a little cents left from my salary. That is why when it's payday i go home right away and give all my salary to my parents. I just left some amounts that i will use daily.
Well, you should learn how to manage your money. A discipline is very necessary to be able to do things right, and when you have that you will be successful. Do not wait for the time that you will have to regret especially when you are in a desperate situation.
Only to have the discipline will not be successful in managing money, you must suppress your ego to be successful in managing money.

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November 13, 2016, 01:04:44 PM
 #915

I'm not good in terms of managing money. When my salary comes to me i can't stop myself do some shopping and go home just a little cents left from my salary. That is why when it's payday i go home right away and give all my salary to my parents. I just left some amounts that i will use daily.
Well, you should learn how to manage your money. A discipline is very necessary to be able to do things right, and when you have that you will be successful. Do not wait for the time that you will have to regret especially when you are in a desperate situation.
Only to have the discipline will not be successful in managing money, you must suppress your ego to be successful in managing money.

but still need to set a goal, and save money for its achievement. Although if you are satisfied with such a life, then why change it.
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November 13, 2016, 03:35:36 PM
 #916

I'm not good in terms of managing money. When my salary comes to me i can't stop myself do some shopping and go home just a little cents left from my salary. That is why when it's payday i go home right away and give all my salary to my parents. I just left some amounts that i will use daily.

You need to pen down your expenditures in order to stay more managing regarding your salary, because if you don't keep any record for what you are buying or where you are spending your money then it will just be like wasting, keep records for your expenditures and take out the things which are not needed in coming month to manage some savings as well.
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November 14, 2016, 02:26:11 AM
 #917

I'm not good in terms of managing money. When my salary comes to me i can't stop myself do some shopping and go home just a little cents left from my salary. That is why when it's payday i go home right away and give all my salary to my parents. I just left some amounts that i will use daily.

You need to pen down your expenditures in order to stay more managing regarding your salary, because if you don't keep any record for what you are buying or where you are spending your money then it will just be like wasting, keep records for your expenditures and take out the things which are not needed in coming month to manage some savings as well.
Definitely that's what is missing of some of us here, we do not have the ability to track down our expenditures hence we cannot manage our money properly. Monitoring is very vital and that can be done if we treat our self as like we are having our own business, besides it's still us who will benefit if we manage our finances well.

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November 14, 2016, 03:06:09 AM
 #918

I recently read some quote and i think this is something good to share in this topic.
"Do not save what is left after spending,  but spend what is left on saving." - Warren Buffet
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November 14, 2016, 03:39:08 AM
 #919

I recently read some quote and i think this is something good to share in this topic.
"Do not save what is left after spending,  but spend what is left on saving." - Warren Buffet
That's probably would work as apparently Warren Buffet is a billionaire man and we have to follow his method. However, there's a problem with us as we lack discipline and we do prioritize our bills and sometimes we are trap to buy for our wants instead of needs and that makes us lose in our budgeting.

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November 14, 2016, 04:01:34 AM
 #920

I recently read some quote and i think this is something good to share in this topic.
"Do not save what is left after spending,  but spend what is left on saving." - Warren Buffet
That's probably would work as apparently Warren Buffet is a billionaire man and we have to follow his method. However, there's a problem with us as we lack discipline and we do prioritize our bills and sometimes we are trap to buy for our wants instead of needs and that makes us lose in our budgeting.
Indeed.. it's really a good quote and in reality it may not apply to some people who have a lot of responsibilities when it comes to their expenses. Though they may save some but not a lot.

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