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Author Topic: How do you budget your money in a day  (Read 2043 times)
Harlot
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November 27, 2017, 01:54:57 PM
 #81

It is really hard to do a fixed budget especially when you are a college students there will always be expenses that you need to buy which you don't know the amount yet. 50% is really a big amount its either you have a big allowance or you have less expenses as a student. I myself cannot follow my own division of my allowance as there are many factors affecting it from school books to your friends asking you to join them for a drink. So it is really hard to follow especially if your allowance is really not that big.
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November 27, 2017, 01:59:14 PM
 #82


Well since we don't know what's up ahead on us, we do really need to save money, as for a student like OP as he said, his 50% of his allowance goes to his savings, well its good and could benefit from it someday, but for us who have families and responsibilities, its really hard to balance and budget how much do we really need, because when we say responsibilities you don't have to be selfish anymore or save for your own good, but for your family which is why, so many bread winners here tries to find a way on alternate source of income to sustain our daily needs.

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November 27, 2017, 02:01:58 PM
 #83

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

For sure you will be rich someday considering that you know how to value your money even at the early age.  Well in day to day basis I just constantly buy the same thing.  Same breakfast, a piece of fruit, lunch and some dinner.  I am working so my thinking is I have to eat well so I can work well. 
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November 27, 2017, 02:11:58 PM
 #84

Take a time budgetting all expenses and look at your money and try to separate everything from your bills down to household needs and your own expenses for the whole week.Try to minimize the things that you won't be needing allowing you to have something to keep.
Minimizing the things that are not really necessary will honestly always help and one cannot achieve that without budgeting. I used to be in the position of spending money as they come, and luckily for me after working for a firm and understanding what budgeting can help you achieve, I put it into my personal life and since then, I have ended up noticing there are just some bucks I end up wasting and having a monthly budget with a list of priorities and even giving little to some of the unnecessary things I like, I still always end up saving a lot. It takes a whole lot of discipline though.
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November 27, 2017, 02:28:50 PM
 #85

Save first a percentage, depends on how much you prefer,  of your money and save what is left. Not the other way around. Not in a way that you spend your money and save what is left.
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November 27, 2017, 02:30:42 PM
 #86

Budgeting money is so hard first you must have a list to buy in order to avoid buying things that is not necessary at all then pay all the bills and the remaining save it

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November 27, 2017, 02:32:42 PM
 #87

in my opinion, you must to calculate how much do you need in one day or one week and make list the priority.. if there's some money left, you can saving it..
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November 27, 2017, 02:46:47 PM
 #88

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.
50% is too much because there are lots of unexpected expenses when you are still a student specially if you are just self sustaining on your studies and not completely being supported by your family then it would be hard but if not then saving up even on 70% is possible and I agree on the thing that saving up would really lead up on success and we should not make some unwise spendings. Save and save as long you can able to do such thing.

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November 27, 2017, 02:51:18 PM
 #89

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

Well thats a good one, but foe mw its kinda hard when you dont have enough money to consume for the rest of the day given the fact that you are not born with a silver nor gold spoon in your mouth. I usually save based on what has been left with me, I have to eat and pay for try transportation and this is a sad truth in my life.
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November 27, 2017, 05:08:59 PM
 #90

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.


Budgeting money is easy if you are a person who is used to buying not so expensive things but useful ones. I think you are asking this question because you want to know how to save money from the money that you also have. Actually budgeting money could be hard if your money is really enough for your food, transportation fee and etc. because in that case, you need to reduce the amount of food you eat or instead of riding you will walk.

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November 27, 2017, 07:49:57 PM
 #91

I track my spending closely using Mint.com.  Then I have an idea where it is going and can make a decision on how much I really want to spend on a doodad.  When I get close to my cap on a discretionary expense it makes me really ask myself if I need it now or can I wait.  I also try and donate some money to charity, and pay myself.  I put away at least 10% of everything i make and more when I can.
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November 27, 2017, 07:54:37 PM
 #92

To be honest I don't do budgeting. I don't do the regular budgeting whereas you list the things that you buy and stuff. Like debit credit kind of thing. What I'm doing is that I try to be a smart buyer instead of doing all these calculations. When I see something on sale and I think I need it or I might need it in the future, then I'm going to buy it. Most groceries when bought in bulk are a lot cheaper as well as other materials that are needed in the house. For food, I just eat whatever I find both healthy and delicious. I don't really mind spending a little more than to eat like a rat and end up having some terminal disease in the future. Both decisions will cost money, the only difference is that getting a terminal disease from eating lower quality foods will have the expense in the future while eating healthy and delicious will cost you money right away.

I don't really put up a tight budget. The reason behind this is I used to work day and night and I think that if there's somebody that I know that deserves the best things (like material things) then it's me because I worked really hard to be where I am at right now.

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cryptocrusher
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November 27, 2017, 08:01:54 PM
 #93

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.

Actually for most of my life I've been fortunate enough to not need to budget but that comes from generally being sensible with my money. I ask my self if I really need something and I try to limit expenditure on things that aren't overly necessary. When I do have to budget I first consider fixed expenses like rent etc and then split the rest between food and entertainment.

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November 27, 2017, 09:28:44 PM
 #94

in my opinion, you must to calculate how much do you need in one day or one week and make list the priority.. if there's some money left, you can saving it..


That's true proper calculation of your daily expenses is a better way to budget your money. But in that case, it also depends on your daily allowance because there are really some cases that your daily allowance is really enough for you. Like for example, your daily allowance is only good for your lunch, transportation and you will have no extra money to save. Then, the only thing you can do is to reduce your food.
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November 27, 2017, 10:47:48 PM
 #95

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.



I always budget my money in a day. Sometimes, instead of buying food that I crave the most on that day, I will save it in my separate wallet and I will not put it i the same wallet where I will get to pay for transportation fare because I might forgot that it is already my savings. Or I will not eat breakfast so I can save. I will just have brunch in the afternoon, which is a combination of breakfast and lunch.

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November 27, 2017, 11:43:00 PM
 #96

Budgeting the money in a day is not feasible for most. We may need the more money on a day due to any emergency situation like doctor fee etc. Also more money is spend on the days in the start of month on paying bills (Electricity / Telephone bills etc). Sometimes on weekend more money can be spend on gambling or other activities.
I always make my budget on monthly basis and not on daily basis. It is difficult for me to adhere to budget on daily basis.
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November 27, 2017, 11:51:12 PM
 #97

It is not easy when you have a very limited budget. I simply write all the things that i want to cook that will surely fits with my budget. And buying only those that are in the list. Limits the ingredients if i can.

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November 27, 2017, 11:54:48 PM
 #98

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.
Being a student too, it's the best way to save money. Taking a part of your allowence or a part time job in vaccations are your only available ways. But, since i got involved in bitcoin, and i learned how to make my own money, i started thinking about my future plans and i'm totally focused on collecting bitcoin now for my plans. I don't save my allowence money anymore because it's nothing compared to what i can possibly make from bitcoin. I hope things go well for both of us.
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November 28, 2017, 12:42:42 AM
 #99

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.
Budgeting money in a day is hard because no one knows what will happen in a day. Sometimes there will be some emergencies that will happen and you need to spend too much money for it. But for a normal day, i budget my money by spending it to some important things that i need like food. I dont usually spend my money to buy only what i want.
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November 28, 2017, 03:08:06 AM
 #100

For me budgeting money in a day leads to your success in wealth. As a student I budget money in which atleast 50% of my allowance will be part of my savings. So you how do you budget your money? I wanna know your strategy.
Actually as a student its hard when youre money to go to school is just 100pesos you shoukd learn how to budget it, and for me budgetting monet in a day that leads to your success in wealth.
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