How good are you at managing your money

[adibe]

Well, when i received my money from signature campaign, i always spare some to invest and the rest for saving. I think it's already good for managing my money.

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[chaosknight]

Well, when i received my money from signature campaign, i always spare some to invest and the rest for saving. I think it's already good for managing my money.

Yes even I haven't spent my earning from signature campaign since long time, as I think it will be the good saving for bitcoin in future.

[lolxxxx]

I say i am really bad in managing my money because when i get payment for my work i mostly spend my money on eating fast foods and buying electronics . Like when i get about 200$ or so i go and buy a new upgrade or my Gaming Rig . I buy new clothes every week . So i am not good at managing money .

[Betwrong]

I have a family to care about so I spend all my money on them (and on me too of course)). I never plan how to spend. Part of the money, around 30%, I spend on bills, and other part goes for food and some cheapest clothes you can find. I'm not saying my life is bad though. I have my own flat in one the biggets cities in Europe, and most of the time I buy pretty good food not thinking about how much it costs.

[Jmild1]

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.

Hey, we have same strategy. I also manage my coins my spending less as more as I can. And for now I am earning 1k a week for simple job in bitcoin community and other forums.

[lissandra]

Most of my money is managed through holding cash in my small vault near my bed.

I put $100 in my checkings account to maintain its stupid monthly fee, only if I`m getting money from someone.

The rest is with a coldwallet with the cash I have both together, slowly pushing towards the cash into the coldwallet more.

[darewaller]

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.

I'm pretty sure that's not how you properly manage your money. You don't try to escape your debts because, well, that's just wrong.

I'm quite confident at my money managing skills. I usually always plan ahead of my possible expenses. I always keep 20% extra just in case of unexpected expenses.

[Zooplus]

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.

I'm pretty sure that's not how you properly manage your money. You don't try to escape your debts because, well, that's just wrong.

I'm quite confident at my money managing skills. I usually always plan ahead of my possible expenses. I always keep 20% extra just in case of unexpected expenses.

Credit card are only use for convenience on the part of the owner when purchasing something online and offline. It should only be treated that way because if you abuse that you will be eaten by the compounding interest and penalties.

[Herbert2020]

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.

[Cyaren]

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

[betohell]

Well, when i received my money from signature campaign, i always spare some to invest and the rest for saving. I think it's already good for managing my money.

I thought it was a good idea dude. I just always spend bitcoin that I get from sign camp to gambling.
so this is a very poorly managed. I wanted to change it

[carlisle1]

maybe i can manage my money but i can say that i'm not better to handle it , i always spend money for some needs especially when i am hungry   but it's not all the reason , i spend money whenever i need to go to my cousins or i need to go to my mate whenever we need to do some school activities or projects or whenever i need to buy some stuff . the needs of all people is never ending .

[erikalui]

Having had a bad experience recently, I prefer saving all my coins and never selling it till I am in need of fiat cash and cannot afford to save it any longer. I'll keep trading them but won't sell them for fiat. There cannot be a better investment than bitcoins even if we consider the volatility as the price is always better than other investment methods.


Since you've got a lot debt, it's really an issue and you need to clear it asap and then start saving. I don't believe in borrowing or taking loans and hence have no debt. May be waiting for your bitcoin value to increase and selling it then for a higher price may help you get some interest and clear your debts. That's the best way of spending bitcoins.

[Hazir]

Basically I am a holder. I collect BTC - selling only when I need to pay for something huge.
I occasionally try to arbitrage trade some coins when I know for sure that big price spike is incoming due to some positive news.
But that is generally my strategy with BTC.

[dezoel]

As soon as I get my salary I buy some part of bitcoin on monthly basis, and keep it safe in my wallet, and I also earn few from signature campaign, and this saving will be more profitable for me in future.

[Kartikay]

I am pretty good at managing my money. I usually save it or invest it in some altcoins. I also used to spend it on certain things like I always recharge my phone with bitcoins and sometimes I used to shop online with my bitcoins. I rarely gamble because I did not have good experience with gambling.

[Viyamore]

I am good when in terms of managing my money ,i spend and save it wisely ,i usually spend especially when i needed to buy something ,when in terms of saving i save my money as much as i can .and on investing i sually invest when i think that my money can grow on it.

[SFR10]

Well it always depends on markets reaction to an extent. Usually when there's a down trend to BTCitcoin trend, I try to trade my earned BTCitcoins the soonest (to not risk further losing it's value) and when it's on a up trend, I do hold for longer period before I start to trade them. Since your with few thousand dollars in debt then you have to change your spending behavior drastically so you could keep on lessening the debt, in which requires proper planning. I would advise to acquire a financial adviser (I know you'll be ending up with a bit of added expenditure but it will be worth it since clearly, your doing something wrong with your money). What most people have in their nature, is to spend much more on luxuries rather than necessities, therefor they tend to end up on the debt side.

[GamingBro]

I am terrible manager, i am wasting a lot of money everyday and don't think about tomorrow, i can't control myself and it's a pity.

[veles7]

I try not to spend. I collect money and then collect the money. When more money, the better for me. I'm not a spender