What's is daily budgets or expenses as a bitcoiner?

[tjtonmoy]

I just make a plan for the whole month. Everything I earn I divide it into 2 parts. 75% and 25% to be exact. 75% I use for savings, investments, emergencies, etc. The other 25% I use it for the whole month. I can easily cover the whole month with that. If any emergency situation occurs, I still have the backup funds. So the budget is quite strict. I try to avoid unnecessary expenses so that my budget won't get affected that much.

I don't think being a bitcoiner has anything to do with this. It depends on your income, your lifestyle, your expenses, and the price of goods. But if your life is dependent on Bitcoin investment or trading then it might vary. Price fluctuation could heavily affect your daily or monthly budget. If you choose Bitcoin as your main source of income, then making a budget according to it could be tough. But if we make a plan and save, then we can avoid such problems to some extent. Keep what you need and want to save. After that, invest the rest of what you can afford to lose. This is the first thing we need to keep in our mind. So, it won't have any effect on our daily life. So in the end, bitcoiner has nothing to do with it if you know what you are doing.

[michellee]

It depends on how much money you can afford because the budgeting or spending we do to invest or trade will be different. By knowing how much money you can afford, you can note your budget for each day to trade or invest.

To invest, you don't need to buy Bitcoin every day but make it once a week or once a month. So you just have to buy Bitcoin regularly based on the period that you have specified. And it will be different if you want to trade because in trading, maybe you need to provide more money. After all, there is a possibility that you will face a different situation.

You can keep a record of daily expenses so you will know how much you are using to trade or invest. This will make it easier for you to track how much your profits and losses will be.

[uswa56]

I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?

What you say it is very important, whatever your salary or income, daily expenses are very important to calculate. In my country which incidentally is a developing country, $ 10 is enough to live alone but if you already have a wife or expenses for a family at home, $ 15 is enough. And it must be saved as much as possible there is still some left so it can be saving.

It all depends on our income, the more income, the more expenses, that's a common thing I think, when someone earns a lot of money, he will spend a lot for his needs, while if people with low income will adjust.
Everyone's level will be different from income, personally I have experienced it myself when I have a lot of income it will be used up for needs but when my income is small then it will also be enough.

[Peanutswar]

I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?

If you came from a really low class society its too hard to get expenses to your wants its all about your needs, you need to survive at the end of the day. For food, shelter, clothes, and etc. as part of the basic needs of the people the reason why its so glad if you are part of the middle into high class society you can save at least. Well back on track I came from a normal life having a small amount to spend for food and all the needs I always manage my money with the ratio of 50:30:20. 50 percent for the savings, 30 percent for the daily needs, and 20 for my wants, seems too high for the savings but at the end of the day its a good situation for me to have emergency funds. We don't need to buy and expensive things all the time there's a cheaper version of it and have the same quality so you are just buying because of the brand. Be wise today.

[Stepstowealth]

I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?

If you are very disciplined financially, you will be able to keep track of how you spend your money daily and weekly. It is possible to program your expenses by strict budgeting, but it is not very easy with how quickly the price of things are changing and how often we meet more people who we cannot ignore that need our financial assistance. If things were much better economically, more stable and less people who are needing financial help, maintaining a budget will be easier than how it is right now.

[kaseygriffin]

I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?

Maybe for many people it is a small amount of money to them, but for me it is about balancing life and not always being comfortable and having profits from the investment market. So the ability to work is only in such a range, I also witnessed some friends who used to be in debt a lot when mortgaging properties to invest with crypto, there are people who are lucky and earn money. Although there are large amounts of money, there are also people who owe more, so there is a lesson that I have learned not to take risks when investing.

[panganib999]

I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?

Let's just say I spend a total of 10 bucks per day (I live in a third-world country so this is more than enough for me to get by actually). Every now and again I go to trips with my significant partner where I usually have to fork around 200 to 300 bucks in one go, that would cover for everything including our food, travel expenses, and if we ever wanted to go someplace else or buy souvenirs. This doesn't happen that often so I could still stand to budget things out and not spend too much in one go which is great.

In the Philippines I live as a lower-middle income class which accounts for the majority of people in the country. I could stand to afford stuff if I want to and I have a sizable amount of savings in my bag that I could use if push comes to shove and things start to sour down.

[Fortify]

I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?

Very weird to specify "bitcoiner" in the title of the thread, when we all share very common needs every day - depending on where you live in the world. Most people pay rent or a mortgage, have to pay energy & water costs, then allowing a certain amount for food & clothing, you have to keep your method of transport maintained unless you are walking everywhere. Everyone is capable of sticking this sort of information into a spreadsheet to help them plan every month and make sure they have enough money coming in to cover their expenses. You need to cut back back or earn more otherwise.

[kawetsriyanto]

I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?

Sure, each person may be in different class and it is difficult to determine how much to spend daily. I also often use different amount of money everyday, it depends on how many urgent needs in the day. However, I usually won't spend more than $50 for my own needs in week days. It can be $100 on the weekend. So, no fixed amount of money to spend daily.

Yep. It is a good idea to program our daily expense/spending. It can minimize the amount of money to spend and we can allocate bigger amount of money for savings or investments. For example, we can limit the maximum amount of money to spend daily is $50. When it is programmed, whatever the reason we aren't allowed to spend more than $50. But it won't be easy. It is a hard thing is to commit with the program, most people are difficult to run the program constantly. When we break the program 1 day, we probably break it again and again.

This is not about bitcoin or bitcoiners.

Agree. It is nothing to do with Bitcoin or being a Bitcoiner.
It is a common question about our daily expenses. And the answers must be varied.  

[bayudndy]

Since the beginning of 2023 I have spent more money with this market, maybe a day spending about $50 doing different trades or leveraged games, but it's like a loop. invest because according to my assessment, maybe a whole month the amount of money I earn can be up to nearly $1000 but there are days when I have to add more money to continue. Actually spending is very common, as for the story of short-term investment, I always extract monthly amounts from different jobs to accumulate bitcoin, although not too much but I am quite satisfied with the amount. money can spend to invest and especially this is a long term investment for me.

[yudi09]

I know everybody is not in a same class but still we all do budgeting, expenses and impulse.

Keeping track of outgoing budgets and incoming budgets is important for anyone, not necessarily reserved for bitcoiners.

How much do spend a day? Do you think is possible to program your daily expenses?

I might say that in one day it can reach $25. This number may decrease or increase depending on the needs of my family (wife and children), myself and my parents.
For other people living in my country it may not be the same number either. For those who live in other countries with different currency exchange rates, the numbers can also be different.
There are those who live their daily lives alone because they do not have other dependents such as a wife and children.

I record financial records in Microsoft Excel with a description format, expenses (cash out) and income (cash in).

[erep]

Yep. It is a good idea to program our daily expense/spending. It can minimize the amount of money to spend and we can allocate bigger amount of money for savings or investments. For example, we can limit the maximum amount of money to spend daily is $50. When it is programmed, whatever the reason we aren't allowed to spend more than $50. But it won't be easy. It is a hard thing is to commit with the program, most people are difficult to run the program constantly. When we break the program 1 day, we probably break it again and again.

We don't break our expense program if we stay focused on our commitment to record every daily expense to save in an excel layout or other application, even though we have set a daily spending limit of $50 but there are still high expenses for certain needs every month but those expenses are categorized under other needs because it's not part of the daily expenses. However, we need to determine daily spending limits to make it easier to calculate monthly expenses, the use of all daily expenses is more effective below 75% compared to monthly income salaries.

[so98nn]

I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?

This is complicated question because many facts are missing here. In what sense are you talking about? You mean to say how much we spend in the bitcoin or do you want to ask up to what level we are buying it? Further more is this associated with the investment or expenses that are being done in the bitcoin form? 

Now you getting what I’m asking as counter question.

If it is about buying, then I’m not buying on daily basis. Secondly if I’m buying then it’s gonna be lowest of that week or month which is based on last weeks trend. Gives clear idea if I’m buying at lower prices or not in comparative sense. This ranges from ten dollars to fifty of something. That’s what I can afford really.

I would extend my budget of buying in case I’m earning good money from art sells or bonuses from other earning sources. Otherwise it’s fifty max that too occasionally.

[SamReomo]

TBH, I spend less than 20$ per week, that's all I can say because I don't do the calculation on my daily spending, I feel that will be stressful somehow, I am from a country whereby the cost of living is very affordable, I can't imagine myself spending more than this because I don't make a lot per month from my job.

I do have a wine 🍇 store with my wife but we have plans for the income we are generating from this business, we need a house that we can call our own, and we have other investment plans that are been put to action already, so we limit our spending every week to the minimum, so far, things are going exactly like we plan it.

There is nothing wrong with low spending, and I also spend less than $20 most of the weeks, only few weeks I may spend more than that for my needs. Just like you I also don't do any kind of calculation of what I spend per day because I don't think that I have enough time for such activity. Although, there might be few weeks where I spend more than $50, but mostly I'm okay with $20 or less. However, I must say that I spend most of my money on my family members, and that's why I can't spend more than $20 per week on myself.

I think that spending more money on the things that you use once or twice after purchasing is the waste of money. And, that's why it's always better to spend money on those things that you might use for a long time. I usually spend most of my money on food items because I'm very nutrition centric person, and that's why I always purchase different types of nutritious foods that could be very helpful to organically fulfill my daily nutrition needs.

[karabiber]

Everyone needs to budget. Whether it is a salaried employee or earning his own income. But in order to plan a budget that works and allows you to live a comfortable life, you need to seriously consider how much you're spending right now, how much of your income can cover your expenses and what your priorities are. My priority is always to increase my Bitcoin amount. When preparing a budget for myself at the beginning of each month, i first set aside the investment i will make in Bitcoin and act as if that amount does not exist.

I have determined the amount that i should spend for my expenses. I always adjust my expenses according to my Bitcoin savings, unless there are mandatory things. I would be very careful not to show any flexibility in this matter. Saving requires full discipline. Having dreams that you can realize while making your savings allows you to make your savings more disciplined and self sacrificing.

[Cryptomultiplier]

I firstly don't assume that everyone bitcoiner who has some funds to keep aside at the end of the day, must have a day job. Some good entrepreneurs and skilled persons can meet this standard too.

It is discipline that should be considered, because with different scenarios, only those who can prioritize thier schedules, use a scale of preference, delay instant gratification, can really maintain a good credit score even after paying necessary bills.

The discipline to learn how to safe guard the little set aside is also a plus. Else what's the point of managing to save up and it gets stolen by hackers or you loose the keys?
After converting to my local fiat, I simply stock up on food, sort the little bills I can and HoDL for a rainy day. I limit my movement this period so I don't spend much daily as a bitcoiner.

[ancafe]

I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?

Each person spends money differently for each day and is also related to responsibility for daily needs that must be spent regularly to meet the needs of his family. Everyone must have a plan in terms of spending both daily and monthly, the more dependents, the greater the expenditure needed and if it is not programmed properly and on target, then whatever income will not be able to be balanced with expenses.

For me making a program that balances expenses and income is very important because it relates to a regular lifestyle to meet needs and if the planning is done wrong, the impact will affect our economy in living our daily lives. It's even worse when we have loans that must be budgeted for repayment every month and this will also affect our financial resources.

[usekevin]

The bitcoiner is not from same class,Some rich people also earning from the crypto currency using the trading and investment.When the poor people earning from the crypto currency will use this money for their emergency purposes.They also use the full funds for their livelihood expenses.The poor traders mostly do random sell after he received the money from the crypto currency.The expenses also depend on the family size of the bitcoiner.

[darkangel11]

It's a very difficult question because I don't have a daily budget. I do everything on a monthly basis.

So, my expenses depend on the whole family, since my wife earns less than me and we have a child.
During the Winter my expenses are much smaller because I rarely go anywhere. In Summer we have parties in the garden, I drink more beer and fizzy drinks, we eat out more, we travel more, so one month in Summer we can spend up to 3 times what we spend in Winter.

[jossiel]

It's possible to budget and make a program for my daily expenses with my family. But it doesn't matter whether I am a bitcoin person or not because expenses are just the same unless you're a single person and it differs from being a family man.

Taking groceries should be every week and that's saving us more money and effort going to the grocery store. And the amount of budget differs from country to country where cost of living aren't the same.

A $50-$100 worth of grocery for a week is enough but with inflation, that's making less of what we're able to buy and then the increase of the price of formula milk is also another factor.