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

[slapper]

~snip~

You are right about that. I do live alone and have been living on my own for a long time now. So I can stick to my plans on money spending and the budget is quite sufficient to live day-to-day life. I get your point. When there's more mouth to feed, the budget will vary based on that. Also, it depends on your income. You can do what I do too. You will just have to do some tweaking in order to match it to your lifestyle. Let's say you need more than 50% in order to live your daily life. So let's reverse the budget. Can you not save 25% of your income and use the rest 75%? The percentage doesn't matter when you have a strong will. Your savings should be what you wish to save and what you can separate from your daily expenses. For me, it's 75% and 25%. Based on situations, it could change. But I try not to affect it too much. So what's the amount you wish to save? That totally depends on you. So just create a plan and make changes to suit your own lifestyle.

Why save matters more than how much. Saving is a means to an end. Saving 25% of one's income is admirable, but is it serving its goal if it leads to a monastic lifestyle without joy or comfort? If it meets your present and future demands, a 75/25 split may be ideal. Your dreams, aspirations, and needs should determine how much you save. Whether it's 75%, 50%, or 10%, it should help you achieve balance. It's about the life your money can buy

[1714839939]

1714839939

[icalical]

I don't think I can do a daily budget, it's very different day to day, some day I will need to buy something that is very expensive, and someday I don't even buy food, because some neighbor are cooking and they give some to me. However, I usually do monthly budget that limit my expense, I live in small city in Indonesia so my monthly budget is not that much, I limit my monthly expense so it's not more $300 excluding bills.

Agree, budgeting for each day is extremely difficult, and we will never keep up because there will be things we do not anticipate. There's nothing better than a plan for each month, it's more manageable and less stressful.
$300 per month, does that mean you're unmarried and you're living alone? As a married man with children, I think such spending will not be enough even though we are both from 3rd world countries. I had kids, and my budget was almost double yours, and it wasn't easy.

I am not single, actually I am married with two kids, I want to emphasize here that I live in a small town in 3rd world country, not like the capital city. The minimum wage in my region is only $200 so with $300 I already have the budget for Movie Theater and eat out once a week. An average price for a portion of restaurant meal is only less than $3.  And as I said that those $300 is not including bills, only for food and expenses that is not fixed.

[Gallar]

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?

Everyone must have spending and financial management in a different way. Because everyone's financial situation and life needs will definitely be different. Because a bitcoin investor, there must be someone who is already married and there is also someone who is single or alone. So, from these factors alone, you can already see the difference in terms of managing and spending money. Not to mention the factor of where to live and the cost of living in that place, surely every place has a slightly different cost of living.

I am currently married, but I do not have a child yet. So my expenses every month are still practically not too big. So every month the expenses that I spend for the necessities of life together, are in the range of $ 200. That includes my basic needs and pocket money with my wife every day. As for the rice and vegetables, I didn't buy them, because I have my own paddy field and it's more than enough for the two of me. But for emergency costs, it's different again.

And for the matter of money management, I manage it for a month, that way, my small family and I can save more on expenses. Because the ration prepared for the month must be just right and may not run out before the month's term.

[Davian144]

If you are a full time bitcoiner, budgeting really depends on the market. Depending on bitcoin as the main source of income should track their budget because of the volatility of it. Set some limits, know how to control; maybe you earn big in one trading this day but tomorrow might give you another sad situation.

Usually full-time Bitcoiners don't just do one job like trading, because trading is a very common thing and can also be done by many other people whose profession is not Bitcoiner. Well, in this case if someone is a full-time Bitcoiner, of course he will do more work that can make him profitable (besides trading). For example, he can also learn how to mine, how to participate in campaigns and airdrops and how to enter competitions on several exchanges which are all part of the job he can explore as he has more time to do research.

Meanwhile, Bitcoiners who work part-time only do not make the profession their main job, maybe they will rely more on using income from their main job rather than earning via Bitcoin. So they might be more likely to keep their income via Bitcoin for a long time because they can still live on income from their main job and this will certainly really help them to keep growing in any situation. That's why I think it would be much better if everyone has a different job in life even though the income level is also not the same.

[awik p]

If you are a full time bitcoiner, budgeting really depends on the market. Depending on bitcoin as the main source of income should track their budget because of the volatility of it. Set some limits, know how to control; maybe you earn big in one trading this day but tomorrow might give you another sad situation.

Usually full-time Bitcoiners don't just do one job like trading, because trading is a very common thing and can also be done by many other people whose profession is not Bitcoiner. Well, in this case if someone is a full-time Bitcoiner, of course he will do more work that can make him profitable (besides trading). For example, he can also learn how to mine, how to participate in campaigns and airdrops and how to enter competitions on several exchanges which are all part of the job he can explore as he has more time to do research.

Meanwhile, Bitcoiners who work part-time only do not make the profession their main job, maybe they will rely more on using income from their main job rather than earning via Bitcoin. So they might be more likely to keep their income via Bitcoin for a long time because they can still live on income from their main job and this will certainly really help them to keep growing in any situation. That's why I think it would be much better if everyone has a different job in life even though the income level is also not the same.

right, like me where work from bitcoin is not my main income, considering I don't trade every day and get consistent profits, but I do it more for airdrops, campaigns, and others. therefore I prefer investment from the coins that I hold, the rest I work real to meet my daily needs. and if it's a bull run, then I can have savings and allocate it to other investments and leave it to buy crypto assets when the bearish season comes

[erep]

I am not single, actually I am married with two kids, I want to emphasize here that I live in a small town in 3rd world country, not like the capital city. The minimum wage in my region is only $200 so with $300 I already have the budget for Movie Theater and eat out once a week. An average price for a portion of restaurant meal is only less than $3.  And as I said that those $300 is not including bills, only for food and expenses that is not fixed.

If we live in a small town area then a monthly income of $350 is sufficient for all expenses and monthly bills, I assume from the statements you mentioned that food costs less than $3 and maybe a mid-level restaurant category has $5-7 food costs. However, the level of expenditure of each individual is relatively different even though he lives in the same area but the main factor of spending depends on the needs and desires of each individual, but we need to apply financial management to maximize the use of funds for monthly needs and suggest some of your funds for savings.

[xSkylarx]

I am not single, actually I am married with two kids, I want to emphasize here that I live in a small town in 3rd world country, not like the capital city. The minimum wage in my region is only $200 so with $300 I already have the budget for Movie Theater and eat out once a week. An average price for a portion of restaurant meal is only less than $3.  And as I said that those $300 is not including bills, only for food and expenses that is not fixed.

If we live in a small town area then a monthly income of $350 is sufficient for all expenses and monthly bills, I assume from the statements you mentioned that food costs less than $3 and maybe a mid-level restaurant category has $5-7 food costs. However, the level of expenditure of each individual is relatively different even though he lives in the same area but the main factor of spending depends on the needs and desires of each individual, but we need to apply financial management to maximize the use of funds for monthly needs and suggest some of your funds for savings.

It is also the same with us; that is the average cost if you are eating in a restaurant, but that is not the most expensive restaurant, which makes me also satisfied with it, but again, that cost is still too huge if you keep eating in the same restaurant on a daily basis. It is really indeed about how we control our spending and money because even if you live in a small town in a third world country and you are still unable to control your spending, it still doesn't matter where you live.

[ancafe]

Everyone must have spending and financial management in a different way. Because everyone's financial situation and life needs will definitely be different. Because a bitcoin investor, there must be someone who is already married and there is also someone who is single or alone. So, from these factors alone, you can already see the difference in terms of managing and spending money. Not to mention the factor of where to live and the cost of living in that place, surely every place has a slightly different cost of living.

Everyone must have different expenses and living in different places will also result in different expenses from one person to another. When it comes to the life we live and our responsibility to our family, it will cost a lot because we already have much bigger responsibilities than the life we lead alone. Managing finances well is not an easy matter, especially if our income is not in balance with expenses.

I am currently married, but I do not have a child yet. So my expenses every month are still practically not too big. So every month the expenses that I spend for the necessities of life together, are in the range of $ 200. That includes my basic needs and pocket money with my wife every day. As for the rice and vegetables, I didn't buy them, because I have my own paddy field and it's more than enough for the two of me. But for emergency costs, it's different again.

Your condition is still relatively easy because the dependents are not too big and you also have enough land to grow vegetables for your daily needs. But some people who have large dependents on their families will not be enough if compared to your expenses and that's why someone's expenses can vary. When the source of income is not run properly, the condition of large dependents will affect a person's condition and this is where intelligence is needed to manage finances properly and more strategically.

And for the matter of money management, I manage it for a month, that way, my small family and I can save more on expenses. Because the ration prepared for the month must be just right and may not run out before the month's term.

You are one of the many people who is able to maintain a stable cash flow and everyone should also have a strategy for saving money and daily, monthly and yearly allowances. At least to reach policies against recession and inflation problems and these conditions will not make our finances more problematic.

[icalical]

I am not single, actually I am married with two kids, I want to emphasize here that I live in a small town in 3rd world country, not like the capital city. The minimum wage in my region is only $200 so with $300 I already have the budget for Movie Theater and eat out once a week. An average price for a portion of restaurant meal is only less than $3.  And as I said that those $300 is not including bills, only for food and expenses that is not fixed.

If we live in a small town area then a monthly income of $350 is sufficient for all expenses and monthly bills, I assume from the statements you mentioned that food costs less than $3 and maybe a mid-level restaurant category has $5-7 food costs. However, the level of expenditure of each individual is relatively different even though he lives in the same area but the main factor of spending depends on the needs and desires of each individual, but we need to apply financial management to maximize the use of funds for monthly needs and suggest some of your funds for savings.

It is also the same with us; that is the average cost if you are eating in a restaurant, but that is not the most expensive restaurant, which makes me also satisfied with it, but again, that cost is still too huge if you keep eating in the same restaurant on a daily basis. It is really indeed about how we control our spending and money because even if you live in a small town in a third world country and you are still unable to control your spending, it still doesn't matter where you live.

Yep control is the key, We don't eat out everyday, only like once a week. Other days I just buy food at the market and cook it. Some of my friend prefer went to cafe and hangout, but I rarely do that. And I avoid buying something that I don't really need.

[BRINIRHA]

When i am still single i don't really plan out my spending it is just let it be so i do always come out short because i do spend much but now I do plan out my day like I only need to spend this for food and having extra then that is the time i will buy my wants . Without planning right now is very difficult because you'll caught of short and then you cant buy anything mostly now i do have family to feed.

Changes in a person sometimes will indeed occur when he is married and has a family that he must support. A great sense of responsibility can bring someone on a better path. Whether it's in financial settings or in the world of work. When Single the majority of people are accustomed to a fairly free life. we are not afraid to spend money to go out and buy things we want even though we don't really need it.

So when we are married, that's when we will change, even when shopping, we think and make plans in advance. like only buying what you really need. and put off the less important things for another time. everyone must have been in such a situation.

[Pejoh Asu]

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?

Of course it is very possible to make a daily budget because we can easily budget daily expenses, without a good plan it will be difficult to save, there are many temptations to spend or wasteful so we must always make daily, weekly and monthly financial planning.

[MFahad]

Some people can easily manage their daily expenses and can easily save a good part of their money and on other hand there are also some people who even cannot manage their expenses and saving is most difficult work for them. Government servant get income which is very low and they hardly spend a month with that sum.

I think life will become easy if everything is done according to planning because without planning one is not able to maintain a healthy wealthy life. Those individuals who save money in Bitcoin can easily manage their activities but if they known how and when to take profit so saving and investment can also make one's life sustainable.

[Dr.Bitcoin_Strange]

Sure, it's possible for some people, but it could also not be possible for other person because there's a saying that "all fingers are not equal." For someone who is earning a huge monthly salary, there is every possibility that they can decide to buy household provisions and food items with a Budgeted amount from their salary. After they have spent their budget amount on provisions, food stuffs, and a few other important things, they could have the privilege to set out a daily limit of what they can only spend until another month's end, when they will receive their salary. But for some people who are earning a small salary, it would be a bit difficult to have a daily spending limit. Although this doesn't mean it can't be possible, it all depends on the individual because there are people who cannot manage their money conservatively.

[milewilda]

I am not single, actually I am married with two kids, I want to emphasize here that I live in a small town in 3rd world country, not like the capital city. The minimum wage in my region is only $200 so with $300 I already have the budget for Movie Theater and eat out once a week. An average price for a portion of restaurant meal is only less than $3.  And as I said that those $300 is not including bills, only for food and expenses that is not fixed.

If we live in a small town area then a monthly income of $350 is sufficient for all expenses and monthly bills, I assume from the statements you mentioned that food costs less than $3 and maybe a mid-level restaurant category has $5-7 food costs. However, the level of expenditure of each individual is relatively different even though he lives in the same area but the main factor of spending depends on the needs and desires of each individual, but we need to apply financial management to maximize the use of funds for monthly needs and suggest some of your funds for savings.

It is also the same with us; that is the average cost if you are eating in a restaurant, but that is not the most expensive restaurant, which makes me also satisfied with it, but again, that cost is still too huge if you keep eating in the same restaurant on a daily basis. It is really indeed about how we control our spending and money because even if you live in a small town in a third world country and you are still unable to control your spending, it still doesn't matter where you live.

Yep control is the key, We don't eat out everyday, only like once a week. Other days I just buy food at the market and cook it. Some of my friend prefer went to cafe and hangout, but I rarely do that. And I avoid buying something that I don't really need.

One of the best ways for you to be able to save up on which you shouldn't really be having the behavior on spending up on unnecessary things if you could be able to cook and do it on your own but its not really that bad to go out sometimes but everything should really be in moderation since we know that each person does have different capability when it comes to finances which for those who do able to afford on doing those outside spending even if its already unwise but they could be able to sustain it just because they have neither other source of income or someone they do rely on and this is why they are really that able to spend up that way.
Budgeting is something that you wouldn't really mind specially if you dont have your own family but there are still ones who are still single that really make savings as much as they could on where they are really that tending to save up for the future and plans that he/she mold up into mind. Spending is inevitable but always put up into your brain that its not really that ideal on spending something which it isnt that good anymore
or really that too much. You are really that putting yourself on great disadvantage.

[uneng]

It's a wise step if they manage to budget their daily expenses, so they can predict how much money they are going to have in the end of the month or predicting accurately if they will have money by the end of the month. People can do this by calculating how much they need to spend with basic expenses such as food, rent and bills (water and electricity). That is the basis of a monthly budget.

The rest of the money can be added to savings or can be spent with things we need to replace from times to times such as clothes, but also to have some fun and to break the routine, what is really healthy and necessary sometimes thinking on our welfare and mental health.

[mvdheuvel1983]

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?

How much I spend a day varies from day to day as well as a lot of other contributing factors. If I have family and friends over, I spend more. If I go outside of my apartment, I spend more. If I have a date, I spend more. So my daily expenses is not fix and is hard to program no matter how hard I try.what I do right now is just to find more sources of income. I do not want to have to worry about my daily expenses. I just want to rest assured that no matter what comes up unexpectedly, I can easily handle it .

[odunybiz]

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?

Fixing a price on ones daily expensives may not really work. Each day come with its own expensives. Not thesame money you spend on rice and stew today that you will spend on pounded yam and vegetables tomorrow. A weekly budget is a key to help you out here. And it's always a good practice to plan ones weekly plans on ones income.

[Asuspawer09]

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?

It's easy to budget your income for example you have an income of 100$ and divide that into investment, savings, expenses, wants, needs, etc. But if you really want to be different just make your saving and investment higher than your expenses, I mean just don't buy what you can afford its actually that easy if you have a million dollars and then just use it to spend on to wants your just gonna end up broke again after a few months, but if you know how to handle your money you have the knowledge and know your limitation you're not going to spend your money onto something that you can't afford.

What I do on my salary is 40% savings and investment, 10% wants, 20% daily expenses, 20% on bills/groceries, and 10% on tithes. It might not work for you but in my experience is a good method since I'm saving more I can easily see how my money grows over the months of doing it. The trick is to always save more than your spending, with that you could easily make up your emergency funds, savings, insurance, etc. after that you could then save for potential businesses or buy assets that could generate passive income.

[Texac]

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?

How much I spend a day varies from day to day as well as a lot of other contributing factors. If I have family and friends over, I spend more. If I go outside of my apartment, I spend more. If I have a date, I spend more. So my daily expenses is not fix and is hard to program no matter how hard I try.what I do right now is just to find more sources of income. I do not want to have to worry about my daily expenses. I just want to rest assured that no matter what comes up unexpectedly, I can easily handle it .

It is true that we need to find an additional source of income to cover our daily expenses, but besides that, do not forget to save for a better life in the future because our work is not always convenient and always brings a stable income.  especially in the current inflationary era, spending needs to be calculated more carefully.  daily budgeting is tricky, and I think we should make a monthly or weekly budget which is easier to control.

[TelolettOm]

Usually full-time Bitcoiners don't just do one job like trading, because trading is a very common thing and can also be done by many other people whose profession is not Bitcoiner. Well, in this case if someone is a full-time Bitcoiner, of course he will do more work that can make him profitable (besides trading). For example, he can also learn how to mine, how to participate in campaigns and airdrops and how to enter competitions on several exchanges which are all part of the job he can explore as he has more time to do research.

You're right. Full-time Bitcoiners must work on some crypto jobs, not only trading. They can join signature campaigns/bounties and offer professional services (translation, content writing, social media management, or etc). There are many crypto jobs that Bitcoiners can do, but it depends on their skills. However, it means there are varied sources to earn money.

Meanwhile, Bitcoiners who work part-time only do not make the profession their main job, maybe they will rely more on using income from their main job rather than earning via Bitcoin. So they might be more likely to keep their income via Bitcoin for a long time because they can still live on income from their main job and this will certainly really help them to keep growing in any situation. That's why I think it would be much better if everyone has a different job in life even though the income level is also not the same.

Of course, the main job in real life should be the first source for the income. The money got from Bitcoin or other crypto job will be the additional income only. Bitcoiners can save the money or use some of the money for the urgent needs. Since it is not the main income, Bitcoiners never relies on Bitcoin for regular income.

Well, I agree that it is very recommended to have a job in real life. So whatever happens in Bitcoin, it won't bother our life.