Is budgeting still effective in tackling the need to constantly withdraw money?

[Rruchi man]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

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[Rufsilf]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Self discipline is the best choice you got to have in order to break that habit, and only buy for needs. Wants comes 2nd after investing in order to profit more than withdrawing some cash or fiat money to pay rent, electricty and other bills.

Indeed it's a challenge for everyone of us especially with more money because it comes with more bills. So you got to balance everything you need because the world will always constantly change as well as the prices.

[Darker45]

Why should one be constantly withdrawing? I guess this is not the problem itself. There must be another one, which causes you to make withdrawals all the time. If you already have a lot of fiat lying around, why should you be attracted to withdraw or convert even more? Personally, I don't see myself withdrawing or converting for the sake of doing so.

Majority of my worth is in crypto. I have a little amount of fiat for my regular expenses and for some unforeseen expenses. But I don't keep much fiat with me. It is fast depreciating. It is losing value each and every day. I'd rather take the risk and save in crypto.

I think budget-making is still effective. But what's really important is to control your personal spending habit. If you can do that, you don't even have to strictly set a budget. You could also put a stop to your withdrawal habit with that.

[Poker Player]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

You might be surprised to learn that the people who have the most money in the world use a budget. So yes, budgeting is an essential tool, it's about running your financial life like a business. If you are withdrawing too much, you should stop and leave the Bitcoin as if it didn't exist. As a way to pay yourself. Although I don't know your personal situation and I don't know if you do it out of necessity, but the fact that you open this thread makes me think that those withdraws you do are not so necessary.

[cabron]

It's hard not to withdraw when you know you have something to spend. Just continue with your job and spend less, not giving in to your WANTS but only NEEDS so you become minimalistic. Minimalistic may mean a small house, cook what you can only eat for the meal, buy only the nesscary and so on. When you are pampered with things and spending becomes a habit it could be your normal life which is going to be hard to change unless you already have nothing.

I have not done this myself actually but I have it planned that I will buy land and cultivate it to become self-sufficient. From there I will harvest what I need. When I get older I guess and then I wouldn't be spending much.

[Wexnident]

Why would you constantly want to withdraw? Isn't that just getting yourself killed with the fees? It's like your donating free money to the exchanges you're using lmao. I've honestly never had the habit of what you speak of, I only put whatever money I wouldn't really use in crypto, and that's separate from the funds that I'd immediately need in case of emergencies. Really, it's just proper finance management, and you wouldn't really have these issues imo. Budgeting is always effective if you know what you're doing.

[Kong Hey Pakboy]

You're not budgeting your money if you're constantly withdrawing that money and at the same time if you're doing that, then it only means that you don't really budget at all because you lack discipline and discipline is needed when you're budgeting.

[crwth]

The need for budgeting is endless and efficient to anyone who is handling money. It's always going to be a necessity whenever there is money involved and the need for living. Just living expenses and the utilities that one should have should be a priority. So if that would require you constantly withdrawing and using that to live, then there's nothing wrong with that. You have to bear the feeling of possible regret converting too early or not believing in an asset totally, but that's just a part of life. I think what you are doing for your future should be proper and correct for you.

Budgeting is a key to financial freedom and consistently tracking all your expenses and where your money goes.

[lovesmayfamilis]

And where is the rule that you need to keep everything all the time? I see no such need. The budget is definitely an important thing, but it's very boring. Constantly saving and being afraid to spend an extra dollar leads to depression. I do not possess such stamina, I have no direct need for fiat, but I love to acquire things that are my hobby. I understand that many will not support me, but I want to fully feel life while we are young. 

[Dread Pirate Roberts]

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

The only way to change habits like that. set money for savings. investment and daily needs and yes budgeting its also important to record your financial. and must be able to refrain from temporary desires . think about which is the main priority and only desire. if you say you always want to withdraw, it means it seems more like a desire which is not really that important either.

[Lucius]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Some may say that spending money is a habit, but we can also say that it is a basic necessity of life for those living in urban areas. I don't see it as a bad habit to spend fiat or crypto on things we really need, or sometimes on some things that make our lives more enjoyable - but it's definitely a bad habit to spend on gambling, too much alcohol, cigarettes, drugs, unnecessary clothes or gadgets that become uninteresting to us after a few days or weeks.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal?

You can't have money and not spend it at the same time, so what is the purpose of that money? Some will say for sure that they are saving for the future, but saving should not be to the detriment of the present life. Personally, I always try to buy all the expensive things at a time when there is a discount, and so I manage to save a significant amount of money - it is not always a question of how often you spend, but a strategy to buy as much as possible with as little money as possible.

[avikz]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

If you do not have have any other source of income like salary or rental etc. And if you are completely dependent on your crypto income, budgeting is must! Grab your pen and paper and clearly write down your expenses along with emergency fund for the month. There's no good or bad way to do it.

However, if you have a separate source of income, prefer not to withdraw your cryptos at all. Remember, crypto is an accumulation game. The faster you sell, the more you loose!

[mu_enrico]

Budgeting is a poor man's recipe. Instead of thinking about how to allocate your money, think about how to earn more and more money. And about the need to constantly withdraw money or converting investment to cash, it's a sign that you aren't in the investor class yet. You should work more to get more excess cash and convert it into crypto or whatever. It's okay to spend all of your crypto payment if your life depends on it, you can always buy more later.

[leea-1334]

Anybody who does not budget is going to suffer at the end of the day,,, unless savings is not what you want to do.

You either make a budget like a normal household so you know how much you spend (and know what to cut out),,, OR

You make a savings target and meet that every month no matter what.

This brings me to a big point in crypto fundraising. Does anybody know of any project that does budgeting? No, right? And why is everybody surprised even with a big CFO they suddenly lose money and run out of funds for operation?

[Ucy]

I think having all your funds in your savings account not controlled by you can be really risky especially in times of uncertainty.
In regards to crypto, I wish we don't have lots of characters that are so obsessed with sabotaging the market or people's wealth. That's probably where the budgeting would have been safely done without withdrawing a large chunk.

My budgeting method(which I'll probably update later) works for me. I don't think it's a good idea to share it publicly without being careful. However, I don't really depends too much on budget because I don't know what tommorow will bring. I try to spend prudently when the need arises or on necessary things.

[haidil]

It depends, because so far the value of fiat money is not too far away and has drastically decreased due to inflation. When it comes to needs, I don't think everyone can avoid and defend what we have in crypto. Maybe for some people it can be arranged in such a way, but given the varying levels of needs, I can't deny that sudden needs will always take precedence over persisting not to let them go. It can't be helped, we who are from the middle class and below must continue to survive from day to day.

[teosanru]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

I generally have kept a habit of monthly withdrawals lately, I ensure that I never make withdrawals more than once a month unless obviously there is a dire need of funds, I ensure that these withdrawals cover my monthly expenses and not only that they should also cover some savings which I do outside crypto world, I think one shouldn't think a lot about withdrawing money if crypto is your only income because at the end we are earning money to enjoy the luxuries of life and if you are just deferring that enjoyment to a future date in name of saving, saving and saving, it's just stupidity, no one knows if they even have a tomorrow or not, have some good savings for future but make sure you do regular withdrawals and enjoy the money budgeting obviously is most effective.

[Mauser]

I know you feeling very well, had a similar problem when I played poker more regularly. Every time I had a big win in poker I wanted to withdraw money instantly. Having a fixed budget is a good start, but when you see your wallet growing every week the mind likes to play tricks on us. It was very difficult to not give into the pressure to withdraw money and spend it, because if I lost money I had to deposit again. Saving fees and not transfer money so often was much better for my bankroll. With crypto currencies I am trying to get around such withdrawal pressure by using multiple wallets. I have one wallet for long term storage, in that wallet I only add funds and never want to withdraw money for short term buys. A second wallet is for smaller purchases I like to do online with bitcoins, and a third online wallet is for micro transactions from faucets and from signature campaigns. For me having multiple wallets for different purposes makes it easier to control my spending habits.

[SquallLeonhart]

The need for budgeting is endless and efficient to anyone who is handling money. It's always going to be a necessity whenever there is money involved and the need for living. Just living expenses and the utilities that one should have should be a priority. So if that would require you constantly withdrawing and using that to live, then there's nothing wrong with that. You have to bear the feeling of possible regret converting too early or not believing in an asset totally, but that's just a part of life. I think what you are doing for your future should be proper and correct for you.

Budgeting is a key to financial freedom and consistently tracking all your expenses and where your money goes.

Depends on the situation you are living. Sometimes you budget yourself so much that it becomes a boring life and you hate your life and end up spending even more to get back to being happy. You need to arrange it so well that it is both enough to survive, enough to let you have a little bit of fun so that you won't go crazy and then enough to save some aside at the same time.

I believe that there is a good chance we could end up with a good deal on crypto because even 10 bucks into crypto (depending on coin/token) could become 100 so there is no need to rush bunch of money all at once, but never forget to budget for having some taste in life in order to stay happy.

[carlfebz2]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Withdrawing could really have significant reasons neither you do need for your needs or would simply just for you to buy your wants.We do have different priorities in life and actually it doesnt matter on where
you do spent of those money you do have because its yours after all.You do have the full control of it whether you do make use of it on other purposes then its our right and no people could stop
because we do earn those money then its just normal that we do make use of it according we do like but of course we do know the possible siituations or problems might be faced on.

[CaVO32]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Withdrawing could really have significant reasons neither you do need for your needs or would simply just for you to buy your wants.We do have different priorities in life and actually it doesnt matter on where
you do spent of those money you do have because its yours after all.You do have the full control of it whether you do make use of it on other purposes then its our right and no people could stop
because we do earn those money then its just normal that we do make use of it according we do like but of course we do know the possible siituations or problems might be faced on.

As long as you are spending your own money, then, nothing is wrong with that. But if you want to limit your unnecessary spendings, then, just withdraw your money if you need it not because you want to. You can also make a monthly budget so you know how much is spend to what. And if you can trim down unnecessary expenses, that would be best. Look for the items where you can save money.

[dothebeats]

I still work on a budget, and try to restrict myself from withdrawing and spending for unnecessary things in my life. It’s hard at first, but it’s worth trying especially if you’re just living alone like me. Though things will change once you have a family that you’re raising. Budgeting will then, be hard and there will surely be times when you need to swipe and withdraw some cash. You can’t really say no to that, as that’s the needs of your family. Hence why the family dynamics nowadays is different compared to the last few decades, as both parents need to work in order to serve some food on the plate.

[dunfida]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Withdrawing could really have significant reasons neither you do need for your needs or would simply just for you to buy your wants.We do have different priorities in life and actually it doesnt matter on where
you do spent of those money you do have because its yours after all.You do have the full control of it whether you do make use of it on other purposes then its our right and no people could stop
because we do earn those money then its just normal that we do make use of it according we do like but of course we do know the possible siituations or problems might be faced on.

As long as you are spending your own money, then, nothing is wrong with that. But if you want to limit your unnecessary spendings, then, just withdraw your money if you need it not because you want to. You can also make a monthly budget so you know how much is spend to what. And if you can trim down unnecessary expenses, that would be best. Look for the items where you can save money.

Limitation is a must because we cant really have that infinite money and earnings that we could get which basically means that savings is a must.We dont know on what comes next neither a health problem or some
situations which would really be needing lots of money in case and if you dont have  that just because you do spend too much in the past? Then youre fucked up.

Spending should be on moderation but it cant really be avoided that there are things which we do really wish for or we would like to buy and its normal but dont just go to the part on where you do
really ending up on buying excessively or not healthy anymore.

[chrisculanag]

I always withdraw my saving in crypto if i need some budget  for the future , but if you budgeting your crypto preparing to withdraw , i suggest that you need  to limit your holdings or mean to say is get only less to your saving. For me budgeting our assets are very important because its give you more profit while saving . But its only my opinion , we have different method of budgeting so be wise always.

[icopress]

Budgeting will then, be hard and there will surely be times when you need to swipe and withdraw some cash. You can’t really say no to that, as that’s the needs of your family. Hence why the family dynamics nowadays is different compared to the last few decades, as both parents need to work in order to serve some food on the plate.

How do I understand you ... until 2019, I kept all my savings in Bitcoins or other cryptocurrency, and looking back, I understand that 70% of my operations for converting BTC to fiat occurred at a price that was far from the desired one. It may seem to you only at first glance that small amounts are not important, but when there are several or even more than a dozen such operations in a month, and if you add to this the ex costs, then the losses are significant.

I hardly realized the reality, although even after that I fed myself with excuses that this is nonsense, that it is better to lose a couple of extra bucks than to use the services of banks. Now I change a large amount in advance for my needs, and try to do it at the peak ... this way I do not waste extra dust and I always have a margin in case I see a great opportunity to average the price of my modest BTC portfolio, (although right now my crypto reserves are really small).

[Hydrogen]

Eras of high inflation, as the present are a great time to generate your own electricity, grow your own food, have your own supply of water. The cost of essentials and liabilities are likely to climb soon. Being self reliant and producing to fulfill your own needs is the best way to overcome climbing inflation, market shortages, rising food and living costs and similar negative trends.

Food and rent are usually the two largest pie slices of a person's monthly expenditures. While rent or mortgage costs are difficult to address, being able to grow food and produce which can offset rising food prices and market scarcity could be one of the best investment options the average person can pursue in 2021. The cost of plants and fruits can be considerable at the moment. Shopping on websites like homedepot the cost of a small avocado tree can be $50 to $100. In some regions of the world, a person can throw an avocado pit in their compost pile as garbage and it'll sprout and eventually turn into a tree.

Home gardening and organic farming might be two big areas worth focusing on, more than budgeting, saving and commonly touted traditional finance ideology.

[sunsilk]

Is a budget still effective in your opinion?

Yes, it's still working for me but I also break my budgeting most of the time.

But the thing is that even if I budget well and I have other things to buy that's not listed on the budget and I need that thing then I still have to withdraw. It's very common to me that most of the time I withdraw because I don't hold a lot of cash and I just keep it on my savings.

So the withdrawal of cash is needed whenever I got outside for our needs. Budgeting is needed for most of the time when I go out and when there's a lack of budget because later on I used to buy things but they're not unwanted or just things that I want.

[Sled]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

I'm guilty on this one, I sometimes go overpending quite a bit than my budget or salary. I keep on reminding my self to refrain from too much spending even in fiat or crypto savings.

Lately this past few years, I did come to a point to stop my habit and came up a plan on how to break this spending habit. Just spend only when necessary and invest more to gain and profit for future needs. Budgeting is still necessary and effective to track your spendings, but still sometimes I still go overboard.

[davis196]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

I have the same habit and I can't resist the urge to always have lots of cash/fiat money in me.
I simply don't care about this.I don't see it as a problem.The inflation doesn't matter,you will always have to rely on local currency in order to buy necessary stuff,food and to pay the bills.
Not withdrawing my money and keeping all my funds in the form of cryptocurrencies is not an option for me.
Budgeting is effective only if you set your spending limits and never break them.

[Lucius]

Eras of high inflation, as the present are a great time to generate your own electricity, grow your own food, have your own supply of water. The cost of essentials and liabilities are likely to climb soon. Being self reliant and producing to fulfill your own needs is the best way to overcome climbing inflation, market shortages, rising food and living costs and similar negative trends.

All this makes sense and I personally try to be as self-sufficient as possible by having my own property, growing organic food, having access to clean water, and I plan to at least install solar panels to at least somewhat reduce electricity consumption. But a good part of the population lives in cities and in residential buildings where they have almost no ability to do any of the above - they are completely dependent on the system.

In addition to growing your food, you need to have the knowledge of how to do it in addition to the land, be ready to get your hands dirty, and also be lucky with the weather influences that have changed for the worse lately. Frequent summer hail storms combined with extremely high temperatures have significantly reduced agricultural yields around the world, and from personal experience, I can say that I have never experienced more heatwaves than this year. This only increased the cost of production in my organic garden even more, because I had to protect the plants from the sun with protective covers.

Still, the effort paid off, not only did I enjoy healthy fruits and vegetables (which I still have), but I filled the pantry with what will help me survive the winter, and of course I rely on BTC to help if needed

[LogitechMouse]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Withdrawal might be a habit for some but there are 2 words that might help you control yourself with it. Self control and self discipline.

Removing things that you are doing most of the time is really hard but if that thing can affect your life negatively then it is time for you to remove it or at least to lessen. In this case it is withdrawing always. As for me, I'm always budgeting what I'm getting on a monthly basis and it really helps me a lot both in spending and saving. Constant withdrawal of money can be reduce if you know how to control yourself. Just withdraw money if you need it but if you just want it then don't withdraw. Sometimes, priorities help you decide whether you need to withdraw money or not.

[noorman0]

Yes, it is still effective, and budgeting for basic needs should come from fixed or main income. If the OP's topic relates to about handling crypto withdrawals, is crypto the main source of income so there is a demand for withdrawals all the time?

If you ask me, There is no crypto-based needs budgeting, withdrawals are almost non-routine so there are no special arrangements to minimize withdrawal fees and frequency.

[michellee]

Needs and wants/problems will always happen to us so we need money to solve them. When we have money in our banks, I think we do not have to withdraw our coins and send them into our banks and hold them until the price increases. I withdraw every month, maybe in monthly, I can withdraw two or three times based on my needs. And if I have an urgent thing that needs money and I do not have the money in my bank account, I will withdraw to fills that need. Yes, budgeting is still effective for this and we need to learn how to manage our money.

[Coyster]

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

The thing is that people who hold Bitcoin must accept the fact that they must have to convert their crypto to fiat every now and then to take care of their basic needs, except if such person prolly has a job in real life that pays in Fiat, and alongside that, also renders one service or the other that pays him in Btc, then he could live on the salary he earns through fiat, and keep accumulating Bitcoin without having to sell too much of it on a regular basis.

Having said that, for people who earn only in Bitcoin, then there is actually no way to avoid selling your stash no matter how hard you try, cause Bitcoin is not yet mainstream, so you'll have to convert somewhat frequently to pay bills and buy basic things. But then, what's most important in both situations is to be shrewd in your spending, and maybe if you're not earning so much, it's much better to cut down on it outrightly, what brings so many people down financially is spending far more than they earn, you'll run cashless and into debt sooner rather than later.

[Kittygalore]

Yes, I think that budgeting is still effective. What you need to do is you have to learn self-control, that's the reason why your urge to withdraw stuff is constant, the lack of discipline or self-control is going to take a toll on you in the near future, it's just that we don't know when, so we better change right now rather than regret it later.

[haidil]

Yes, I think that budgeting is still effective. What you need to do is you have to learn self-control, that's the reason why your urge to withdraw stuff is constant, the lack of discipline or self-control is going to take a toll on you in the near future, it's just that we don't know when, so we better change right now rather than regret it later.

Effective? Maybe some still consider the budgeting if it really has other guarantees to meet the needs. But who can control when critical conditions plus a pandemic? besides we take advantage of existing sources of income. Coin holding in the long term is necessary and must be disciplined in controlling it. But again that we tend to end it to make up for what we need.

[Silberman]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

One of the big problems of people of today is that many cannot differentiate between a need and a want, when a new smartphone comes out they want to buy it thinking of it as a need as they need to keep themselves communicated, but why get rid of the phone you have in your pocket which can do 95% of the things the new phone can do and you do not have to spend any more money in it? So that is the first step to begin to reduce your expenses so you can begin to budget your income in a more efficient way so you can keep most of your coins and you can benefit from the bull market that is coming.

[fiulpro]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Well personally for me putting budget out for things never works, at the end of the day there are always unimaginable circumstances, especially in the wake of COVID that requires a lot of extra money every once in a while and the government is not even being kind to the people, the fares everywhere are rising and at the same time, people always use things like Credit cards, which doesn't go down so good. As far as I have seen all my friends are paying off their credit card loans. Plus in a student's life it's very important to always keep extra money with you, when you have investments like cryptocurrencies it's both risky/boon, therefore everyone has to tread lightly. It's a hard task, I don't think we can follow any rules here.

[el kaka22]

All this makes sense and I personally try to be as self-sufficient as possible by having my own property, growing organic food, having access to clean water, and I plan to at least install solar panels to at least somewhat reduce electricity consumption. But a good part of the population lives in cities and in residential buildings where they have almost no ability to do any of the above - they are completely dependent on the system.

In addition to growing your food, you need to have the knowledge of how to do it in addition to the land, be ready to get your hands dirty, and also be lucky with the weather influences that have changed for the worse lately. Frequent summer hail storms combined with extremely high temperatures have significantly reduced agricultural yields around the world, and from personal experience, I can say that I have never experienced more heatwaves than this year. This only increased the cost of production in my organic garden even more, because I had to protect the plants from the sun with protective covers.

Still, the effort paid off, not only did I enjoy healthy fruits and vegetables (which I still have), but I filled the pantry with what will help me survive the winter, and of course I rely on BTC to help if needed

You do not have to reach to that level, you do not have to be self-sufficient in that sense. How about having enough passive income that you get to buy all those things without having to worry about money, that is still as good, believe me you will be even happier as well. Think about living in a world where you have enough money to pay for a penthouse in the talents building of your city, and you still do not worry about money in anything, have cooks and cleaners and all that.

Now that sounds like a very very wealthy situation right? You do not have to reach those levels to be self-sufficient in a city, just own your own apartment flat, just a small 2 bedroom place, then have enough passive income to pay for your bills and food needs, then you can even work for extra stuff, as long as you can pay your bills and food, you do not need anything extra, it would be great to go to movies once in a while, see a gallery, have a dinner outside and so forth but you can work for them and it would not take too much time.

[leea-1334]

I still work on a budget, and try to restrict myself from withdrawing and spending for unnecessary things in my life. It’s hard at first, but it’s worth trying especially if you’re just living alone like me. Though things will change once you have a family that you’re raising. Budgeting will then, be hard and there will surely be times when you need to swipe and withdraw some cash. You can’t really say no to that, as that’s the needs of your family. Hence why the family dynamics nowadays is different compared to the last few decades, as both parents need to work in order to serve some food on the plate.

I might also add that budgeting on its own is a very useful life skill,,, something they should teach you in school or at home. Most times I look back at my fellow housemates and workmates after uni and going to work living independently for the first time. Most did not know budgeting and just randomly figured stuff out and so ended up in debt every month before salary. Salary comes in and immediately huge chunk cut off for credit card.

This is not just good for Bitcoin holding,,, good for getting by in life financially.

[xSkylarx]

I still work on a budget, and try to restrict myself from withdrawing and spending for unnecessary things in my life. It’s hard at first, but it’s worth trying especially if you’re just living alone like me. Though things will change once you have a family that you’re raising. Budgeting will then, be hard and there will surely be times when you need to swipe and withdraw some cash. You can’t really say no to that, as that’s the needs of your family. Hence why the family dynamics nowadays is different compared to the last few decades, as both parents need to work in order to serve some food on the plate.

Agree since the price of food right now are doubled so we need to work also twice. I would really say that when time that i still dont have children , the money is really there , i only spend it for food and also for my parents since i was working on that time , i do have saving on that time but when i got married most of the saving are gone since you really need to get it to use it for the living. But still family is the best thing that ive ever happened to me although we have only enough money to buy the basic needs but still we will strive to save just to get our wants

[newwest]

I have kept it simple, when I require money for something and falling short on fiat then without an option have to sell some crypto and get the work done. I avoid using debt and keep it way as when you require money and your own money does not come to use than no point of having it. And dips always exists in market to buy as well.

[RealMalatesta]

I might also add that budgeting on its own is a very useful life skill,,, something they should teach you in school or at home. Most times I look back at my fellow housemates and workmates after uni and going to work living independently for the first time. Most did not know budgeting and just randomly figured stuff out and so ended up in debt every month before salary. Salary comes in and immediately huge chunk cut off for credit card.

This is not just good for Bitcoin holding,,, good for getting by in life financially.

Nothing related to finance would ever be thought in schools. Schools are places where workers are raised, the better the school the better the worker. If they teach kids the value of money and how they could save or how they could get debt to grow bigger and so forth then they would also allow people to realize that the rich are way too rich as well.

Having 200 billion dollar worth is not something you can do these days without doing something shady, things like letting your workers not even have time to go to bathroom, or even have people die in your warehouses, crushing unions, and all those things.

This is why I believe that there is going to be no financial education at all in order to keep the kids ignorant about the true meaning of money, learning what it is would make those kids grow up resenting the real wealthy, the ones that are like only 2000 in a nation of 400+ million so not really against everyone, but those 2000 people will do their best and spend more to keep it as it is.

[cafucafucafu]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Honestly, I never really found it that enticing to withdraw my cryptos.

But I can see why regular withdrawals can psychologically impact your willpower to hold coins for the long run.

Until crypto is the dominant unit of account for value, it's probably good to have regular fiat based cash flows coming in that represent a security in case anything occurs in real life that requires funding - so that you don't have to pull out your investment to fund that real life issue.

[TheGreatPython]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Well it’s good to be making budgets so that we will be able to know what you’re spending on. But, sometimes there are some expenses that you never plan and they just come in out of nowhere.And just like you said, these days inflation has been much and there has been an increase in the price of most things you will find in the market.

So, the best solution now will be to increase our means of income: if you only have one source of income, it’s best that you also look for another source  that will serve as a passive income. So what I’m trying to say is that your income should match or surpass the level of expenses you are making in a month.

[AicecreaME]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Withdrawing and exchanging your coins into your local currency requires self-restraint. You have to know your limits so you won't be able to touch the coins intended to be held for the long term. Otherwise, you'll end up regretting it later.

Personally, budgeting is still effective. I guess it's just a matter of discipline on how you will spend and save your money. As for me, I prioritize the things that I need over the things that I want. Although of course, there are still times that I give in to buying some luxurious things, but only as long as I can afford it. I don't go beyond the boundaries that I have set in spending for my wants. However, there are tendencies sometimes to go a little over the budget when it comes to buying the necessities because of higher inflation rate. As long as the things that I'm buying are needed in order to survive, I don't worry spending a few more bucks.

[qwertyup23]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

I think having a good budget for the rest of the month is essential in order to prevent withdrawing your BTCs, but this all depends on your goal.

Some people see their BTCs either as a short or long-term investment primarily for the purpose of proceeds and/or extra income. As such, when its price reaches an ATH or when their investment reaches a price higher than that of their initial investment, they would withdraw the proceeds and enjoy the fruits of BTC's volatility.

Personally, I was once a person who withdrew all of my BTCs as soon as I got them. But right now, I never touched my BTCs as i will save them for long-term investment.

[redsun114]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Well it’s good to be making budgets so that we will be able to know what you’re spending on. But, sometimes there are some expenses that you never plan and they just come in out of nowhere.And just like you said, these days inflation has been much and there has been an increase in the price of most things you will find in the market.

So, the best solution now will be to increase our means of income: if you only have one source of income, it’s best that you also look for another source  that will serve as a passive income. So what I’m trying to say is that your income should match or surpass the level of expenses you are making in a month.

Unexpected spending is the biggest reason people are having trouble while having a steady income. I am in no means a poor person, I am doing well for myself and I am very happy about it, and I do save some money aside every week as well so I am quite proud of that situation as well. However when you are not wealthy, even the smallest thing could set you back for a very long time.

I needed to buy a new shoe? Extra spending this month, I got my wisdom tooth pulled out? Extra expense, I needed to buy few new shirts? Extra, I needed a PC? Boy oh boy, such a huge extra. So, there are tons of stuff in the world that causes us to lose money when not expecting. Making a budget could be tough when there are so many unexpected spending happening.

[Oilacris]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

I think having a good budget for the rest of the month is essential in order to prevent withdrawing your BTCs, but this all depends on your goal.

Some people see their BTCs either as a short or long-term investment primarily for the purpose of proceeds and/or extra income. As such, when its price reaches an ATH or when their investment reaches a price higher than that of their initial investment, they would withdraw the proceeds and enjoy the fruits of BTC's volatility.

Personally, I was once a person who withdrew all of my BTCs as soon as I got them. But right now, I never touched my BTCs as i will save them for long-term investment.

This is what im doing on where ensuring my budget for the whole month so that i wont really be tending to have active cashouts or withdrawal just because of my needs.It should really be already intact when it comes to

expenses but there are situations or scenarios which are unpredicted where you do really need to withdraw which is considerable and cant be avoided but its better to have savings which is solely for the purpose

of those kind of situations.Dont tend to touch up those capital that you are trying to make it grow or bigger but well its your money then you are the ones to decide.

[cheezcarls]

What I’m doing so far is that I only withdraw money or crypto if I need to buy essential stuff, pay bills, food and other contributions for the family. However, I haven’t withdrew in an ATM for a long time because I still have enough cash on hand since the time I’ve done a P2P transaction in selling my Ethereum (which I admitted that I’ve regret selling that as the price exploded a few days after).

I have a steady income but I practiced myself spending more on assets than unnecessary expenses. Of course sometimes I have to treat myself once in a while, but not frequently. Maybe once every 1 to 2 months to self discipline myself.

As for the crypto side, I haven’t withdrew much of my major holdings because it’s not necessary and I’m not on a rush (unless circumstances happen). However, if I am almost out of cash whether on hand or in my debit cards/bank accounts, I usually withdraw USDT from my bi-weekly salary.

[palle11]

Budgeting can only work for a steady salary income at least you know and can plan with how much coming and how much to spend. Things are very high because all over the world the inflation is rising and this is not a good situation for business people as you don't meet the same price in the market tomorrow. The daily income earners too are the worst of budget planning, they can't rely on daily earnings to play because buyers are no longer extra vagant in spending which has effect on daily earners. But to be factual the economic term of budgeting is fast going away, now only around the government in their yearly budget statement. Things are changing for hard times are starting to show up in daily lives.

[zanezane]

Budgeting can only work for a steady salary income at least you know and can plan with how much coming and how much to spend.

Not really, even if you don't have a stable income when it comes to this kind of thing, you can still make some plans or budgeting although you're going to budget weekly if not daily since you have an unstable income.

[Vatimins]

     Tell me how you handle your money today and I will give you a prediction of what your financial future will be. Regardless of your job. You see my friend, the numbers don't matter if you cannot even handle those numbers well. No matter how much you have, if you do not know how to manage and allocate your funds and income, one way or another, you will die of either hunger or inability to provide proper healthcare since a person who does not allocate money well, cannot plan well and not having a well created plan will rid you of chances to have emergency funds or insurance funds. I can explain even further but I think you can get my point. I hope this helps you well.

[Silberman]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Well personally for me putting budget out for things never works, at the end of the day there are always unimaginable circumstances, especially in the wake of COVID that requires a lot of extra money every once in a while and the government is not even being kind to the people, the fares everywhere are rising and at the same time, people always use things like Credit cards, which doesn't go down so good. As far as I have seen all my friends are paying off their credit card loans. Plus in a student's life it's very important to always keep extra money with you, when you have investments like cryptocurrencies it's both risky/boon, therefore everyone has to tread lightly. It's a hard task, I don't think we can follow any rules here.

It is true that budgeting is not as straightforward as some people may make you believe, however I still think it is necessary if you want to reach some kind of financial goal, after all businesses need to do the same and the ones that do not do it face bankruptcy really quickly, what it must be done is to add to your budget an emergency fund, basically money that you will not use to invest or anything, it is just money you have laying around in the case an emergency happens.

[Gozie51]

Withdrawal habit mostly happens only to people who dont have enough money, just like me before, whenever I earned money from this signature campaign and another source of my cryptocurrency I always withdraw it and convert it into fiat currency because I needed the money. So this withdrawal habit may depend on the status of the person but if you want to change it then it would be better if you do self-discipline and proper budgeting. Know your priority and list the things you need over your want.

As possible as you can you need to reserve some part of your earning to invest that is budgeting too. If you earn you invest by buying some altcoins and hodl. Don't always convert everything you earn back to fiat and spend, challenges and financial obligations will never seize to come as a human being but learning to safe and make strict budget planning will help more. Things get harder by the day and the government not taking responsibility for its citizens so we need to do the little we can to survive that is why we need budgeting and not to spend extravagant because we have hope for another to come, what about if it doesn't come we can fall back to what we have.

[Silberman]

Withdrawal habit mostly happens only to people who dont have enough money, just like me before, whenever I earned money from this signature campaign and another source of my cryptocurrency I always withdraw it and convert it into fiat currency because I needed the money. So this withdrawal habit may depend on the status of the person but if you want to change it then it would be better if you do self-discipline and proper budgeting. Know your priority and list the things you need over your want.

Sometimes people do not really have any option but to sell their coins, after all we know that inflation is high and the price of everything is going up and sometimes regardless of how much you may like to save some money this is impossible as you are simply not earning enough to cover your needs and the needs of your family, however those that do this consistently are losing an opportunity as the price of bitcoin will most likely skyrocket soon, so the best path to avoid this to happen to you is to try to find another job in which the pay is better so whatever you earn in crypto becomes some sort of savings account for you.

[Shenzou]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

I feel like this is totally related to how you spend your money and for what you are spending it, because if you are using credit card you will find it way easier to pay for things and not worry about expenses or how many times you used it for, but if you are using hard cash or even using crypto i feel like you are actually more aware for what are you paying, i personally feel like withdrawing is a big thing so i try not to do it more often, so from my point of view you can say that making a budget is more effective.

[molsewid]

Withdrawal habit mostly happens only to people who dont have enough money, just like me before, whenever I earned money from this signature campaign and another source of my cryptocurrency I always withdraw it and convert it into fiat currency because I needed the money. So this withdrawal habit may depend on the status of the person but if you want to change it then it would be better if you do self-discipline and proper budgeting. Know your priority and list the things you need over your want.

Currently dealing with a situation where if I am needing money to pay bills I don't have any other choice than selling a portion of my crypto assets just to cover the bills and left me no debt at the end of the month. Due to pandemic crisis still struggling how to survive the monthly dues without suffering my other investments because I have no other source. Budgeting is still effective especially if you are insufficient with the funds you will be learned how to manage it properly.

[lienfaye]

We have our reason why we are taking profit with our investment, and I think for some of us the most common is for sustaining our daily needs. I dont see any issue if this is the case (or regardless for the reason, we should not be bother since its their own money), because we're striving to live the way we wanted.

However if you are a fortunate person yet constantly withdrawing for your wants, I think you need to control yourself and have discipline, this is, if you have a goal that wants to achieve.

As for me I only withdraw if necessary and as much as possible I refrain myself especially if there's nothing important to spend my money.

[beerlover]

I failed big time this month. I had some extra income thankfully from a few things like selling and so forth. September was a bad month and that is why I wanted to make some investments and get some extra money by doing garage sale type of situation. In the end I made more than 40% of my salary just from selling few things. It really worked out very good for me on that part, but I failed so miserably because I decided to buy things that I "needed".

Yes, I did need them, like a walking shoe because doctor told me to walk 30-40 minutes everyday and I paid for my visit to my moms, which I would do anyway one day, so why not pay for it now so that it would be free, and I met with a few friends since I couldn't during pandemic and we finally had a good day all together. All of that combined and few smaller things made all that extra money gone. Now, I have nothing to show for it aside from a shoe and few good memories. Make sure you do your budgeting carefully or you may end up like me.

[Ucy]

I failed big time this month. I had some extra income thankfully from a few things like selling and so forth. September was a bad month and that is why I wanted to make some investments and get some extra money by doing garage sale type of situation. In the end I made more than 40% of my salary just from selling few things. It really worked out very good for me on that part, but I failed so miserably because I decided to buy things that I "needed".

Yes, I did need them, like a walking shoe because doctor told me to walk 30-40 minutes everyday and I paid for my visit to my moms, which I would do anyway one day, so why not pay for it now so that it would be free, and I met with a few friends since I couldn't during pandemic and we finally had a good day all together. All of that combined and few smaller things made all that extra money gone. Now, I have nothing to show for it aside from a shoe and few good memories. Make sure you do your budgeting carefully or you may end up like me.

I remember passing through similar situations and I tested my self to be sure If i really needed those things I thought I needed.... I imagined what will happen to me or things that depend on me if I end up not buying them, will there be problems, if yes how big or small will the problem be? If there will be little to no problem I will end up not buying or I'll go for cheaper alternatives. The test should fairly determine whether or not we actually need these things, so that we don't spend unnecessarily.
And it's also important to order your actual needs according to their priority. That may help you focus on top priority and leave the least ones for other times.

[GeorgeJohn]

So relating this to your other activities you engaged in normal life, it's very obvious that what human being start at point it always be difficult abolish it, at first the question i should ask you is that what is your objectives to be making a withdrawal occasionally or subsequently, in actual bases of cryptocurrency making a withdrawal showcase that the investor has accomplish he or her target before ordering for cash out via cryptocurrency, but in the aspect of fiat, fiat can be ordered for withdrawal anytime any hour because it's use on a daily basis, so it can also reach to an extent it will turn to a habit because frequent demand of it.

[adzino]

By constantly withdrawing money, I am assuming you mean constantly convert it to fiat and take your profits (or make a loss), right? In that case, the only way to stop yourself from doing this is to keep a profit and a loss goal. You need to develop a sort of self discipline for this case. You need to tell yourself that you can only convert it to fiat once you reach your profit or loss threshold (why would you even convert when you are on the red zone anyway?). Keep yourself distracted and stop looking at your portfolio every now and then.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal?

If you have financial problems, you shouldn't be investing in crypto currencies. Invest only what you can afford to lose!

[Silberman]

We have our reason why we are taking profit with our investment, and I think for some of us the most common is for sustaining our daily needs. I dont see any issue if this is the case (or regardless for the reason, we should not be bother since its their own money), because we're striving to live the way we wanted.

However if you are a fortunate person yet constantly withdrawing for your wants, I think you need to control yourself and have discipline, this is, if you have a goal that wants to achieve.

As for me I only withdraw if necessary and as much as possible I refrain myself especially if there's nothing important to spend my money.

Correct, there are some people that probably have some regrets about the bitcoin they spent but if they did so in stuff they needed at the time then that is fine as they did not wasted their money, however I think there are some members that have some actual regrets as they spent their bitcoin but they did so in stuff that was not necessary and as such they are mad they did not had a strategy to hold some of the coins they earned over the years, however even if they cannot recover their coins they can accumulate way more bitcoin than what the average person is going to have around the world if they begin now.

[SacriFries11]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

In order to limit myself withdrawing money, I set my budget right after I got my salary or if I earned in crypto. After everything is set, I strictly follow it no matter how hard it may be and with that i can say that it is effective. I will find way to just used the money I allot for a period of time before my next salary. Then the cycle repeats. It is kinda routinary, sometimes I find it hard and boring so if I have extra, I am awarding myself a vacation, or eat something I really like.

[Kakmakr]

I found that the more difficult I make it to "convert" my bitcoins to Fiat.... the less I want to do it. So the way I do it is the following. I divide my bitcoins into for example 0.1 btc chucks and then I transfer that to paper wallets. To get my hands on those coins... I first have to "sweep" the paper wallet and then transfer the coins to an exchange to get the Fiat currency.

If the coins was in my desktop or hardware wallet... it would simply mean that I had to transfer it to an exchange and then sell it for Fiat. The paper wallets are also more secure than the desktop and hardware wallets. 

[Silberman]

I found that the more difficult I make it to "convert" my bitcoins to Fiat.... the less I want to do it. So the way I do it is the following. I divide my bitcoins into for example 0.1 btc chucks and then I transfer that to paper wallets. To get my hands on those coins... I first have to "sweep" the paper wallet and then transfer the coins to an exchange to get the Fiat currency.

If the coins was in my desktop or hardware wallet... it would simply mean that I had to transfer it to an exchange and then sell it for Fiat. The paper wallets are also more secure than the desktop and hardware wallets. 

I have found something similar, if we want to stop ourselves from selling our coins then we need to create an habit of making this hard for ourselves, it seems that it does not make sense as everyone wants to have complete access to their money in this day and age, but this is also why almost no one has savings now, it is so easy to spend our money in stuff that we want that we do not develop any kind of self-control and at the end people spend their fiat or their bitcoin and then find themselves with no savings after years of work.

[Oilacris]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Budgeting is a must because having that needs and wants is really totally impossible for someone to resist.We do have needs and its just normal that whenever we do have some investment and made out some profits then

its just typical that we would really be spending out those money that we do have but of course everything should be organized and well planned or else you would really be ending up on spending it all.

We are living on the world where inflation is there and several situations which we do need to save up for us to survive and its just dumb that you would be careless with your actions.

[TheUltraElite]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

If someone is making withdrawals too often, it means they are miscalculating in the first place about their average expenditure.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal?

Emergencies can appear at any point of time. That goes beyond the average expenses and that is allowed to be exempted.

Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

Budgeting is always a good thing. Cutting down costs that you dont need saves your expenses giving you more money at hand to put back in savings or keep for the upcoming month. Inflation is inevitable but you may not have cryptp<>fiat conversion available in every country. So budgeting is a good option, provided you can actually cut down your costs. Most people cannot do so without spending too much.

Now, I have nothing to show for it aside from a shoe and few good memories.

Good memories go a long way man, dont underestimate the power that they have over times when you feel down. Consider that as a part of your support system. You dont want to look back on life and see yourself as someone who did not make time for their friends. Some months can be bad but that should boost your mindset to make more the next month.

[xSkylarx]

I found that the more difficult I make it to "convert" my bitcoins to Fiat.... the less I want to do it. So the way I do it is the following. I divide my bitcoins into for example 0.1 btc chucks and then I transfer that to paper wallets. To get my hands on those coins... I first have to "sweep" the paper wallet and then transfer the coins to an exchange to get the Fiat currency.

If the coins was in my desktop or hardware wallet... it would simply mean that I had to transfer it to an exchange and then sell it for Fiat. The paper wallets are also more secure than the desktop and hardware wallets. 

I have found something similar, if we want to stop ourselves from selling our coins then we need to create an habit of making this hard for ourselves, it seems that it does not make sense as everyone wants to have complete access to their money in this day and age, but this is also why almost no one has savings now, it is so easy to spend our money in stuff that we want that we do not develop any kind of self-control and at the end people spend their fiat or their bitcoin and then find themselves with no savings after years of work.

Self-control is important, but when we open a savings account with a bank, it is a fairly difficult or lengthy process to get our money back. This is one of their security measures or methods to prevent you from easily accessing your money because it is your savings. However, having self-control allows us to save a lot of money. The problem is that when we really need the money, we don't have a choice but to sell it.

[pinggoki]

At some level it would still work to budget money even if you need to constantly get funds for everyday activities. However once you reach a certain threshold there is a tradeoff that must be made in order to effectively budget your money. I myself lived a vagrant's lifestyle for a couple of months while I was working on a menial position job just to be able to budget money for myself and for my savings. I know it is somethign that everyone may not be able to do but it's just the way it is.

I found that the more difficult I make it to "convert" my bitcoins to Fiat.... the less I want to do it. So the way I do it is the following. I divide my bitcoins into for example 0.1 btc chucks and then I transfer that to paper wallets. To get my hands on those coins... I first have to "sweep" the paper wallet and then transfer the coins to an exchange to get the Fiat currency.

If the coins was in my desktop or hardware wallet... it would simply mean that I had to transfer it to an exchange and then sell it for Fiat. The paper wallets are also more secure than the desktop and hardware wallets. 

I have found something similar, if we want to stop ourselves from selling our coins then we need to create an habit of making this hard for ourselves, it seems that it does not make sense as everyone wants to have complete access to their money in this day and age, but this is also why almost no one has savings now, it is so easy to spend our money in stuff that we want that we do not develop any kind of self-control and at the end people spend their fiat or their bitcoin and then find themselves with no savings after years of work.

Self-control is important, but when we open a savings account with a bank, it is a fairly difficult or lengthy process to get our money back. This is one of their security measures or methods to prevent you from easily accessing your money because it is your savings. However, having self-control allows us to save a lot of money. The problem is that when we really need the money, we don't have a choice but to sell it.

I would agree. You need enormous amounts of self-control in order to effectively manage your expenses and your savings. This comes before the budgeting phase because if you don't master self-control you'd just end up spending what you should've been saving up or investing. I know this because I was a repeat offender of these types of misdeeds in budgeting in the past until I made my mind and adjusted my budgeting process. Still regretful up to this day for these mistakes but happy that I was able to get out of that unhealthy lifestyle as early as possible.

[Lanatsa]

I found that the more difficult I make it to "convert" my bitcoins to Fiat.... the less I want to do it. So the way I do it is the following. I divide my bitcoins into for example 0.1 btc chucks and then I transfer that to paper wallets. To get my hands on those coins... I first have to "sweep" the paper wallet and then transfer the coins to an exchange to get the Fiat currency.

If the coins was in my desktop or hardware wallet... it would simply mean that I had to transfer it to an exchange and then sell it for Fiat. The paper wallets are also more secure than the desktop and hardware wallets. 

I have found something similar, if we want to stop ourselves from selling our coins then we need to create an habit of making this hard for ourselves, it seems that it does not make sense as everyone wants to have complete access to their money in this day and age, but this is also why almost no one has savings now, it is so easy to spend our money in stuff that we want that we do not develop any kind of self-control and at the end people spend their fiat or their bitcoin and then find themselves with no savings after years of work.

Self-control is important, but when we open a savings account with a bank, it is a fairly difficult or lengthy process to get our money back. This is one of their security measures or methods to prevent you from easily accessing your money because it is your savings. However, having self-control allows us to save a lot of money. The problem is that when we really need the money, we don't have a choice but to sell it.

Self control is indeed important because if you do fail on doing so then you would be finding this to be problematic because things turns out to be mess when you don't organized it well or didn't really make

out some good decisions towards your funds which is a must thing when you do deal with some investment and of course you would need to save up for your future and not just spending like theres

no tomorrow.Everything should be in budget and in moderation so that you wouldn't really experience any hardship or unfortunate events later on.

[Semar Mesem]

Budgeting is not effective for me, I work in an office and many unexpected expenses make me have to look for alternative income, if only focus on the budget then when there is no oil for motorbikes then I shouldn't buy it but this is life where we often experience many unexpected things .

[electronicash]

why not withdraw only the money you got from your day job ang budget the amount til the next payday. if its not neccesary dont buy it.

there is pandemic i think your new girl will understand if you just stay home and cook your fav lasagna and watch netflix on weekends. thats budgeting. stop cigars and beers. 😀

[Findingnemo]

Withdrawal can become a habit. Once you develop the habit of withdrawing either fiat or converting your crypto holding to local currency for use, It almost becomes so difficult to break.

Needs and wants/problems to solve with money never stop arising, how do you handle your withdrawal? Be sincere, considering that local currency is becoming less of value as the cost of things are constantly rising now, so much that the cost price today is not the cost price tomorrow. Is a budget still effective in your opinion?

IMHO, fear of losing your cryptocurrency value is one of the main reason for converting them into fiat, once you converted you have the habit of spending since its going to sit on your bank accounts.

Budgeting is always effective and that is the first step towards saving money then only you can achieve financial freedom.

I want to give a tip, just convert into stable coin or even fiat but keep the funds sit in your exchange itself and only withdraw when you need it.

[Silberman]

I found that the more difficult I make it to "convert" my bitcoins to Fiat.... the less I want to do it. So the way I do it is the following. I divide my bitcoins into for example 0.1 btc chucks and then I transfer that to paper wallets. To get my hands on those coins... I first have to "sweep" the paper wallet and then transfer the coins to an exchange to get the Fiat currency.

If the coins was in my desktop or hardware wallet... it would simply mean that I had to transfer it to an exchange and then sell it for Fiat. The paper wallets are also more secure than the desktop and hardware wallets. 

I have found something similar, if we want to stop ourselves from selling our coins then we need to create an habit of making this hard for ourselves, it seems that it does not make sense as everyone wants to have complete access to their money in this day and age, but this is also why almost no one has savings now, it is so easy to spend our money in stuff that we want that we do not develop any kind of self-control and at the end people spend their fiat or their bitcoin and then find themselves with no savings after years of work.

Self-control is important, but when we open a savings account with a bank, it is a fairly difficult or lengthy process to get our money back. This is one of their security measures or methods to prevent you from easily accessing your money because it is your savings. However, having self-control allows us to save a lot of money. The problem is that when we really need the money, we don't have a choice but to sell it.

The issue with that is that you are relying on a third party to help you out with that and just as you say it is very easy to get your money into the bank, but to get that money out of the bank is going to cost you a lot of time, this is why it is a good idea to try to save in bitcoin instead, not only you are now completely responsible for your coins and you can get access to them when you truly need them but you are also invested in an asset that by itself is taking care of the purchasing power of your savings, and in this day and age that is invaluable.