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Author Topic: How do you budget your money in a day  (Read 2096 times)
dvillier
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November 30, 2017, 11:53:33 AM
 #181

My system in planning my cash is by spending it admirably. I just purchase the things that I require not the things that I need albeit once in a while I get a few things I need yet not that an excessive number of or excessively costly. Likewise, figure out how to contribute to some securities exchange or to bitcoin for you to produce cash. It is a decent approach to contribute for your future life.
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November 30, 2017, 12:36:58 PM
 #182

If its on a daily basis there's really not much to it. My expenses are planned weekly so i only shell out money if i want to buy something which doesn't really happen everyday.

 
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November 30, 2017, 12:50:36 PM
 #183

I have not started earning yet.                                                                                                                                                                                             once i have earn some bitcoin then i will think about what to do with my earn bitcoin.   
Well me as a senior high school student i am budgeting my money very well because we are not rich and we need many money to survive in life and to survive on school and house expenses, so my 50% of my earnings is i am giving to my parents, so mu parents is the one to budget on our house expenses and dor weekly groceries and then 25% for my tuition fee and for my allowance and the other 25% is for my fiture purposes.

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November 30, 2017, 04:55:12 PM
 #184

My mother gives me exact money everyday enough for me to go to school. So whatever amount left in my wallet, that would be my savings for that day. As college student, I learned to restrict myself from buying things that I really don't need even on buying food whenever I'm hungry. I keep telling myself that someday, I can reward myself. Budgeting is a matter of discipline and to what environment you've grown has something to do with it.


Budgeting is not an easy task and even experts gain headaches when it comes to financial allocations. I personally is not good at budgeting but I make it sure that I spend my to what is necessary. In a day for example, I allocate my money for my food, fuel and allowance for my kids. Sometimes you can experience budget constraints but it's a daily challenge I have to overcome.
Budgeting really may not be an easy task but it is something that is extremely necessary as they help to cut some unnecessary spending. Personally, I budget at the end of the month for the next month and that is what I follow for every day.

Once you understand all your needs, the daily ones which includes miscellaneous will be included coupled with all the other needs. Some can stay depending on their priority. This has helped me save a lot.
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November 30, 2017, 05:04:10 PM
 #185

Well, when it comes on budgeting "oh its so hard" . as a mother like me i need to budget wisely for us to survive, i have my work with a minimum wage of salary but i have 2 years old son, were just renting our house so i need to keep the 50% for that. Other 50% for our foods things that we need. Thats why i want an extra income so i try this bitcoin.
MiningBattalion
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November 30, 2017, 05:36:14 PM
 #186

Well, when it comes on budgeting "oh its so hard" . as a mother like me i need to budget wisely for us to survive, i have my work with a minimum wage of salary but i have 2 years old son, were just renting our house so i need to keep the 50% for that. Other 50% for our foods things that we need. Thats why i want an extra income so i try this bitcoin.




Budgeting really may not be an a easy task but it is something that is extremely necessary as the help to cut unnecessary spend,also I save it for other day even month so that can't experience lack of money when there is a problem I have money expecialy for money to use emergency use only .
Cling18
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November 30, 2017, 05:37:37 PM
 #187

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.


Proper money budgeting is necessary for us who saves money for our future. I spend my money wisely in a day for it will affect my budget for the whole week. First, I buy all the things that I need for a day and keep the rest of it for my savings. Even rich people also spend their money wisely for they know how hard it is to earn and save such amount.
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November 30, 2017, 05:43:38 PM
 #188

Well, when it comes on budgeting "oh its so hard" . as a mother like me i need to budget wisely for us to survive, i have my work with a minimum wage of salary but i have 2 years old son, were just renting our house so i need to keep the 50% for that. Other 50% for our foods things that we need. Thats why i want an extra income so i try this bitcoin.




Budgeting really may not be an a easy task but it is something that is extremely necessary as the help to cut unnecessary spend,also I save it for other day even month so that can't experience lack of money when there is a problem I have money expecialy for money to use emergency use only .
Always having a saving is really advisable because we wont know on the things that would possibly happen ahead which we would really need money and if we don't have savings then we would really have a bigger problem knowing that most things on this world do really need money for it to be fixed specially on health problems not only into those circumstances,savings do acts as a back up fund also if you do see some investment opportunities.

R


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November 30, 2017, 05:47:51 PM
 #189

I dont really spend a lot cause i live with my parents so most of the cost is on them but sometimes i withdraw my money atleast $35-40 and give them half of it to help them the rest of my bitcoins is for my savings and as a long term investment. For the money that ive withdrawn i usually spent it on clothes, food and online games.

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November 30, 2017, 05:58:08 PM
 #190

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.

The best way to save money is to take the money you only need for the day before leaving your house. That way, you will not be tempted to spend more money if ever you want to  buy something or do something. I usually do this because if ever I go somewhere and I am aware that I have extra money, I keep on spending my money.
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December 02, 2017, 12:22:38 PM
 #191

For me budgeting a money in a day is so hard and difficult in spending it. A lot choosing how we spend in our daily lifetime we have ideally buy some useful for our family first, like basic needs food, things and our daily needs.
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December 02, 2017, 06:36:59 PM
 #192

This is a very interesting topic, I will share my insights on this. Please look below regarding my allocation / budget of my salary from my work, kindly note that this is for monthly expenses only:

1. Food (20%) --- $200.00
2. Rent (10%) --- $100.00
3. Transpo (Gas) (10%) --- $100.00
4. Utilities (Electric, Water, Cable, Internet) (10%) --- $100.00
5. Clothing (10%) --- $200.00
6. Car Amort (30%) --- $300.00
7. Bank Account Savings (10%) --- $250.00
8. Local BTC Wallet Savings (10%) --- $250.00

Monthly Salary: $1,500.00 / month

I do live in the Philippines and the salary here is not that really well compared to other countries such as USA, Canada, Australia, UK or Middle East countries. But my monthly salary is being classified to a managerial position, and if you will convert it into Philippine Peso, this is enough to survive with the kind of lifestyle that I have. I'm not that social kind of person nor live in lavish, so I guess that really helps to allocate my salary very well. Also, as you can see, I have a savings to my local BTC wallet. I don't do trading, what matters me most is just hold the coins until I'm tired of saving (which I guess will never end though,  Grin).
Wow! What a nice budget except that you did not include miscellaneous. The truth is there are just some unforeseen things that could happen which one should always budget for so that you won't have to scatter your plans in the long run. These that you have listed are some necessary stuffs, and apparently you may not be the outgoing type not to have included some little cash for fun in it, but I like the savings distribution though.
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