How good are you at managing your money

[WarThunder]

I've wasted a lot of money with bad decisions in the past so I guess I'm bad at managing my finances although looking at the bright side, it made me aware of how to handle my money correctly so moving forward I am now more capable of making the right decisions on what things should be the right investments for me.

more than a dozen programs can be found today on the Internet to conduct home accounting, which will teach you to manage money. One of the most common - Family 10.

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[acroman08]

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, thankfully, debt-free. 
In the past, as long as I have money, I would buy.buy.buy. anything and everything that catches my fancy. I especially look out for sales, sale events and the like. I also often gamble offline.
But, ever since I got into bitcoin I have learned to curb those shopping instincts as well as my gambling habit. 
Now, I only buy what is necessary. It'll all end up cluttering the house anyway.
I've also been saving some while looking into good investment options.
I also do not gamble that much anymore. Which is why I'm really happy right now. 

[ivan.daineko23]

I would say am not bad with financial management as I need to be prudent for future uncertainties and only spend on necessities that I need...

Rather than strain your brain, you need to make sure that there is no debt, because they put pressure on us psychologically, because we have to work on the debt instead of enjoying life.

[Positid]

I would say am not bad with financial management as I need to be prudent for future uncertainties and only spend on necessities that I need...

Rather than strain your brain, you need to make sure that there is no debt, because they put pressure on us psychologically, because we have to work on the debt instead of enjoying life.

The thing is we are in charge of our future and we can decide on what to do to be successful  with managing our money, the mere fact that some people are living in debt, that could be because they are living a life not base on the income they receive.

As the famous Robert Kiyosaki said, "live below your means".

[Creepings]

Managing money is really hard especially to people like me that wants to buy anything that I want. When i had my first bitcoin i bought a phone. I changed it first to real money and bought it. And i think why didnt I invested it. Then i had an everyday facepalm everytime I remember that

[diegz]

Managing money is really hard especially to people like me that wants to buy anything that I want. When i had my first bitcoin i bought a phone. I changed it first to real money and bought it. And i think why didnt I invested it. Then i had an everyday facepalm everytime I remember that

Regrets are always at the end, you'll never realize it unless you've already did it. That's not mismanagement I think. But since you already realize what happened to you, then I think you already learned the lesson. I am sure that you will be good at managing your money in the future. Just don't repeat the same mistake over and over again.

[Bitcoin0916]

Managing money is really hard especially to people like me that wants to buy anything that I want. When i had my first bitcoin i bought a phone. I changed it first to real money and bought it. And i think why didnt I invested it. Then i had an everyday facepalm everytime I remember that

It's not just you that feel difficult to manage money, almost everyone was also experiencing it. The best way is to change our mind, and starting from now should immediately reduce or eliminate non-essential purchases and divert to long term investing like buying bitcoin or altcoin.

[lionheart78]

Buy stuffs that I need only then invest it more often in different sites .trading and then tries to manage it by monitoring it and trying to increase it as much as possible. Though it seems too hard when i wanted to buy somethings thats why i make it to a point that there is not left in my wallet.

Impulse buying is not a maney management habbit. Now, I think i am much better comapred before. I have now recording my expenses, and I do the budgeting. Though its time consuming, but it really work and you can save too since you know where to cut some expenses.

It would be better if you save 10% of your earning first before doing the calculation for budget.  That way whatever you wanted to buy, or belong to the alloted budget, you already have savings for your future use.

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As the famous Robert Kiyosaki said, "live below your means".

by doing the things I stated you are actually following this rule.

Regrets are always at the end, you'll never realize it unless you've already did it. That's not mismanagement I think. But since you already realize what happened to you, then I think you already learned the lesson. I am sure that you will be good at managing your money in the future. Just don't repeat the same mistake over and over again.

Actually it is a mismanagement of fund or budget. Spending and later  having a regret on what you have done is a clear indication of budget not wisely spent.

[Gilf]

Managing money is really hard especially to people like me that wants to buy anything that I want. When i had my first bitcoin i bought a phone. I changed it first to real money and bought it. And i think why didnt I invested it. Then i had an everyday facepalm everytime I remember that

It's not just you that feel difficult to manage money, almost everyone was also experiencing it. The best way is to change our mind, and starting from now should immediately reduce or eliminate non-essential purchases and divert to long term investing like buying bitcoin or altcoin.

Digital money to dispose of easily, but they are very difficult to save. I can never keep myself not to buy this or that, and it's not even for himself. Although it seems to me that if what had betrayed the order, and need the money to buy it.

[Doms]

Managing money is really hard especially to people like me that wants to buy anything that I want. When i had my first bitcoin i bought a phone. I changed it first to real money and bought it. And i think why didnt I invested it. Then i had an everyday facepalm everytime I remember that

It's not just you that feel difficult to manage money, almost everyone was also experiencing it. The best way is to change our mind, and starting from now should immediately reduce or eliminate non-essential purchases and divert to long term investing like buying bitcoin or altcoin.

I think it is all about habits. If you break your bad habits of spending whenever you want and just buying randomly, I think that is a good start in properly managing your money. I used to be like that also, but I have been forcing myself to save by auto deducting a portion of my salary, which goes straight to an investment. I have been doing it for over two years now and I aim to increase my savings as my salary increases.

[Shenzou]

I personly can't hold myself back when it comes to spending money . every time I try to save some another new products cines up they I have to buy.but when it comes to Bitcoin I haven't spent any because I can't find that many places to do so and I believed that Bitcoin has a more value than real money so spending is really hard for me

[Mr. Big]

I personly can't hold myself back when it comes to spending money . every time I try to save some another new products cines up they I have to buy.but when it comes to Bitcoin I haven't spent any because I can't find that many places to do so and I believed that Bitcoin has a more value than real money so spending is really hard for me

That means your lifestyle is always going with the flow... I suggest that you stay with the same lifestyle for a long time, that would save you a lot of money.... New things go old in time, so why buy them now if you can wait til it gets older and cheaper... That's the problem with youth nowadays, but as you grow older, you'll know how to stay away from your "wants"... 

[dimonchik13]

I personly can't hold myself back when it comes to spending money . every time I try to save some another new products cines up they I have to buy.but when it comes to Bitcoin I haven't spent any because I can't find that many places to do so and I believed that Bitcoin has a more value than real money so spending is really hard for me

Bitcoin as being important and remains important in the financing of our personal budgets. But we can not argue with the fact that real money is more important, and so is saving will be very difficult. The fact is that a lot is spent on all sorts of interest and taxes.

[Mastsetad]

Managing money is really hard especially to people like me that wants to buy anything that I want. When i had my first bitcoin i bought a phone. I changed it first to real money and bought it. And i think why didnt I invested it. Then i had an everyday facepalm everytime I remember that

That is right actually, for people like us it is really hard to manage money if we are willing to buy anything we want, like you i also did that thing, i used my bitcoins to buy a bike for myself but to be honest i really needed that, but still i want to save my bitcoins but every month i cash some of them out and spend on myself.

[Fatanut]

I personly can't hold myself back when it comes to spending money . every time I try to save some another new products cines up they I have to buy.but when it comes to Bitcoin I haven't spent any because I can't find that many places to do so and I believed that Bitcoin has a more value than real money so spending is really hard for me

I can totally relate to this. My bitcoins have been just sitting there for months now. I have a plan to buy a gaming PC for so long now. I have the money to buy it but a huge part of me don't want to spend that much bitcoins because I know that it would give me profit if I hold it long enough. Because of this, I don't even spend fiat. It kind of made me disciplined when it comes to money because if I spend all my fiat, I know that there wouldn't be more fiat coming to me because most of my income are in bitcoin form.

Just an advise, those new products that you're buying right now will reduce its price as time pass by. It would be much wiser to buy bitcoins instead but as you said, you can't control yourself. A lot of people have been experiencing the same thing and there's a lot of reddit posts that can help you about that, though.

[Text]

I can totally relate to this. My bitcoins have been just sitting there for months now. I have a plan to buy a gaming PC for so long now. I have the money to buy it but a huge part of me don't want to spend that much bitcoins because I know that it would give me profit if I hold it long enough. Because of this, I don't even spend fiat. It kind of made me disciplined when it comes to money because if I spend all my fiat, I know that there wouldn't be more fiat coming to me because most of my income are in bitcoin form.

Just an advise, those new products that you're buying right now will reduce its price as time pass by. It would be much wiser to buy bitcoins instead but as you said, you can't control yourself. A lot of people have been experiencing the same thing and there's a lot of reddit posts that can help you about that, though.

Unlike me, l have already made my first cash out from my local exchange converted to fiat. Aside from trying to know the complete process of withdrawing from an ATM machine card less, I will just keep this money until I decide to buy some things.

[saiha]

Managing money is really hard especially to people like me that wants to buy anything that I want. When i had my first bitcoin i bought a phone. I changed it first to real money and bought it. And i think why didnt I invested it. Then i had an everyday facepalm everytime I remember that

That is right actually, for people like us it is really hard to manage money if we are willing to buy anything we want, like you i also did that thing, i used my bitcoins to buy a bike for myself but to be honest i really needed that, but still i want to save my bitcoins but every month i cash some of them out and spend on myself.

It is not a hard thing to manage money, because with my situation my budget for weekly expenses is not that even high.

Let's say my budget for 3 days is just $10 so how would you budget that? Since I'm not that very socialite person, I'm having a proper budgeting.

I'm setting aside up those things that I need to allocate my funds like fare and some meal allowances. Just don't get too cocky to buy everything you want.

[Zadicar]

Managing money is really hard especially to people like me that wants to buy anything that I want. When i had my first bitcoin i bought a phone. I changed it first to real money and bought it. And i think why didnt I invested it. Then i had an everyday facepalm everytime I remember that

That is right actually, for people like us it is really hard to manage money if we are willing to buy anything we want, like you i also did that thing, i used my bitcoins to buy a bike for myself but to be honest i really needed that, but still i want to save my bitcoins but every month i cash some of them out and spend on myself.

It is not a hard thing to manage money, because with my situation my budget for weekly expenses is not that even high.

Let's say my budget for 3 days is just $10 so how would you budget that? Since I'm not that very socialite person, I'm having a proper budgeting.

I'm setting aside up those things that I need to allocate my funds like fare and some meal allowances. Just don't get too cocky to buy everything you want.

$10 for 3 days? How did you able to manage it?Are you still eating on that amount? Saving and budgeting really helps so that you could able to manage your money well and could able to survive on daily living but that amount you mentioned seems too unbelievable to consider because its really to low and i cant imagine how you able to manage it. Expenses and bills are considered normal but on buying wants its not really ideal.

[saiha]

Managing money is really hard especially to people like me that wants to buy anything that I want. When i had my first bitcoin i bought a phone. I changed it first to real money and bought it. And i think why didnt I invested it. Then i had an everyday facepalm everytime I remember that

That is right actually, for people like us it is really hard to manage money if we are willing to buy anything we want, like you i also did that thing, i used my bitcoins to buy a bike for myself but to be honest i really needed that, but still i want to save my bitcoins but every month i cash some of them out and spend on myself.

It is not a hard thing to manage money, because with my situation my budget for weekly expenses is not that even high.

Let's say my budget for 3 days is just $10 so how would you budget that? Since I'm not that very socialite person, I'm having a proper budgeting.

I'm setting aside up those things that I need to allocate my funds like fare and some meal allowances. Just don't get too cocky to buy everything you want.

$10 for 3 days? How did you able to manage it?Are you still eating on that amount? Saving and budgeting really helps so that you could able to manage your money well and could able to survive on daily living but that amount you mentioned seems too unbelievable to consider because its really to low and i cant imagine how you able to manage it. Expenses and bills are considered normal but on buying wants its not really ideal.

Actually yes, I'm still able to eat with that amount. Since I don't need to spend too much because my destinations are just a walk away.

Because I'm not focusing with the things that I want, I'm focusing more with the things that I need to spend to, like paying bills and everything.

I usually spend $3/day and of course with the help of some relatives and friends that surrounds for the food so I don't have to spend too much with it.

[Fatanut]

Managing money is really hard especially to people like me that wants to buy anything that I want. When i had my first bitcoin i bought a phone. I changed it first to real money and bought it. And i think why didnt I invested it. Then i had an everyday facepalm everytime I remember that

That is right actually, for people like us it is really hard to manage money if we are willing to buy anything we want, like you i also did that thing, i used my bitcoins to buy a bike for myself but to be honest i really needed that, but still i want to save my bitcoins but every month i cash some of them out and spend on myself.

It is not a hard thing to manage money, because with my situation my budget for weekly expenses is not that even high.

Let's say my budget for 3 days is just $10 so how would you budget that? Since I'm not that very socialite person, I'm having a proper budgeting.

I'm setting aside up those things that I need to allocate my funds like fare and some meal allowances. Just don't get too cocky to buy everything you want.

$10 for 3 days? How did you able to manage it?Are you still eating on that amount? Saving and budgeting really helps so that you could able to manage your money well and could able to survive on daily living but that amount you mentioned seems too unbelievable to consider because its really to low and i cant imagine how you able to manage it. Expenses and bills are considered normal but on buying wants its not really ideal.

Actually yes, I'm still able to eat with that amount. Since I don't need to spend too much because my destinations are just a walk away.

Because I'm not focusing with the things that I want, I'm focusing more with the things that I need to spend to, like paying bills and everything.

I usually spend $3/day and of course with the help of some relatives and friends that surrounds for the food so I don't have to spend too much with it.

In third world countries, you can survive for less than $3 a day. As a college student, I only need no more than $2 to survive. That would cover my transportation, and food. I eat the cheapest food in the cafeteria. I mentioned this before in a chat box in a gambling site and people can't believe that it's the only amount of money I need. If you do live in the province, people usually share their food to their neighbors. It's okay that you eat from your relative's so you don't actually have to spend that much money.

But of course even if I only need $2 a day. I still have to pay for my school fees which is about $180 for a semester.