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Author Topic: What's is daily budgets or expenses as a bitcoiner?  (Read 808 times)
Dr.Osh
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July 16, 2023, 12:16:06 AM
 #121

each person will have their own daily expenses depending on their habits and needs, and I think each class will be different, such as poor, middle class, or rich. Personally, I spend maybe $10 to $13 a day on necessities that I have. however, sometimes I can still use it the next day. Some people I know can spend above that, maybe even over $30 in one day. However, this can change depending on the habits and needs that we have.

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July 16, 2023, 12:18:52 AM
 #122

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, I also cannot say for sure how much I can spend on my daily budget. There are times when I buy very few things and other times I buy expensive things that I don't keep track of. But if I add up my spending budget at the end of the month, it becomes a much larger budget. When you have more money, you spend more and when you have less money, you spend less. In that case if I can make my daily regular budget then maybe it is possible to put in a daily budget. But I find myself spending over $200 at the end of the month which seems like a lot to me and it goes way beyond my budget.

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July 16, 2023, 01:11:41 AM
 #123

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?
Yes, how much one can afford to invest depends on their income.  But I don't think a daily budget is necessary for Bitcoin.  But everyone can make a weekly or monthly budget according to their ability. Bitcoin is a digital currency that is a possible currency of the future so it would be our best to save it. It is a good strategy that if we keep a budget it will help us in our savings. otherwise we cannot afford to invest large amounts at once

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Freddie Boyer
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July 16, 2023, 07:41:25 AM
 #124

It truly depends on ones class but another could be relationship status of someone, a family person could find it hard to set a specific daily budget because emergency expenses could spring up at any time. But as a single fellow one can set this up. Most of my subscriptions, bills are paid mostly at the end of the month. With all foodstuffs taken care of I could be on $15 daily and it will sustain me without any emergency

Yes. varies, of course, for the needs of singles with the needs of people with families. If you per month from your data above more or less $ 450 and it is already very comfortable with a daily expenditure of $ 15. If I am already married and have 5 family members, of course above you. However, by getting around one of them with short-term trading, it can more or less cover my family's daily expenses. for example, getting a profit of $ 10-$ 20 has been very helpful.

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July 16, 2023, 08:37:00 AM
 #125

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?
Yes, how much one can afford to invest depends on their income.  But I don't think a daily budget is necessary for Bitcoin.  But everyone can make a weekly or monthly budget according to their ability. Bitcoin is a digital currency that is a possible currency of the future so it would be our best to save it. It is a good strategy that if we keep a budget it will help us in our savings. otherwise we cannot afford to invest large amounts at once
I think if someone can't invest every week then he can invest every month because those who work get salary at the end of the month. Some of this salary can be invested in Bitcoin and the rest can be used for his family. And if he  It would be very stupid to invest all his salary in bitcoins. I invest small amount in bitcoins every month. I think I can use my invested money after few years. I am very optimistic about it. Let's see what happens after few years.

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July 17, 2023, 11:27:52 AM
 #126

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 all depends on how financially stable you are, that's if you spend more in a day without it touching you that you're over spending. Some that don't have much can decide to spend less to enable them have what they'd use the next day.
It all depends on how much you get in return (when you invest) that can make you decide how much you flush out in a day, because if your investing on something and you not getting profit like more of what you invested on, it might make you start thinking twice on how you plan your day just to survive the next day.

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July 17, 2023, 11:52:10 AM
 #127

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?

Making a daily budget for our expenses is very important and easy to learn and achieve if we so determined to see it come true, the first advise i will give on this is to ensure having a steady income source that will be able to pay off your bills, secondly don't make your expenses plan or burget exceeds what you receives as income, you also need to learn how to categorize our budgets base on needs and wants, which means there are approaches we could adopt to help us avoids wasting money and time in some other things we shouldn't have.
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July 17, 2023, 12:24:20 PM
 #128

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?

Making a daily budget for our expenses is very important and easy to learn and achieve if we so determined to see it come true, the first advise i will give on this is to ensure having a steady income source that will be able to pay off your bills, secondly don't make your expenses plan or burget exceeds what you receives as income, you also need to learn how to categorize our budgets base on needs and wants, which means there are approaches we could adopt to help us avoids wasting money and time in some other things we shouldn't have.
I agree. Stable income is essential. It's like a rock amid a financial storm, right? You're right about budgeting within your pay. It's like packing an elephant. It fails! I'll expand on your spending categories for needs and wants. Why not go further? Give yourself a challenge! Needs and wants in separate jars. Put daily spending records in the right jar. Thus, you can track and adjust your spending. It's amusing and beneficial.

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July 17, 2023, 03:33:07 PM
 #129

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?
On average, I spend around $8 per day, considering my earnings and the economic conditions of my country. However, this question solely depends on individual’s lifestyle, responsibility amongst others and priorities differ greatly. As for programming daily expenses, it is possible to develop systems or tools to help track and manage finances effectively. With proper planning and disciplined execution, such programs can contribute to more efficient financial management and help achieve long term goals.

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July 17, 2023, 03:37:50 PM
 #130

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?

I mean are you asking in general? Short answer is- yes it is possible to program your daily expenses.

This kind of activity involves proper financial planning in order to keep track of your income and expenses for your investments. As a general rule, you should always spend less than what you earn and avoid applying for credits on unnecessary items. Focus on prioritizing activities that provide various benefits to your health, as well as to your entertainment as well.

If you have any excess money, then consider investing a portion of your income in various investment mechanisms (e.g. stocks, crypto, etc.) to diversify your portfolio.

At the end of the day, proper planning on your financials is the key in order to maintain a work-life balance without having to stress on unnecessary expenses while maintaining a proper investment pool.
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July 18, 2023, 05:53:16 PM
 #131

each person will have their own daily expenses depending on their habits and needs, and I think each class will be different, such as poor, middle class, or rich. Personally, I spend maybe $10 to $13 a day on necessities that I have. however, sometimes I can still use it the next day. Some people I know can spend above that, maybe even over $30 in one day. However, this can change depending on the habits and needs that we have.
Everyone must have different expenses and it depends on how many dependents they have for their daily living needs, the more dependents, the greater the expenditure needed. The three types of people you mentioned must have different expenses because each of them has responsibilities according to their needs. When talking about the economic difficulties we are facing now, there are priority scales that must be met. For example, as primary and when this need is not met properly it will affect the productivity of life.

This need is considered important because it relates to the needs of human life, therefore it is necessary to make a scale of needs that are appropriate and not impose other needs that are not really needed. Because the most important thing is when the source of income is unstable, someone has to find a way to meet those needs because we can't postpone it.
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July 18, 2023, 06:11:06 PM
 #132

On average, I spend around $8 per day, considering my earnings and the economic conditions of my country.
Are you single? That amount is too small for a family person but I think if you're a single guy and doesn't have any obligation, that's sufficient.

However, this question solely depends on individual’s lifestyle, responsibility amongst others and priorities differ greatly. As for programming daily expenses, it is possible to develop systems or tools to help track and manage finances effectively.
There are apps in the playstore or app store where you can download to help you track with your expenses and budgeting. These daily expenses doesn't need to define whether you're a bitcoiner or a trader or anyone in the market that's not so popular.

With proper planning and disciplined execution, such programs can contribute to more efficient financial management and help achieve long term goals.
Despite that, there are still people that are living in countries with high inflation rate and that's why they're having hard time to budget their needs.

Because a $10 worth of goods today, could be $11 or $12 or more by tomorrow.



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July 18, 2023, 06:27:58 PM
 #133

Because this is about daily expenses and I only spend about $ 10 a day for 3x food needs, especially for side dishes because I budget 1 month for rice, sugar, coffee, milk and other needs including monthly costs that I have to pay such as electricity and others - other.
and $ 10 for a day's expenses, sometimes I can use it to buy snacks and also gasoline which actually goes into the weekly cost, but sometimes I use it from the daily fee if there is more.
I have implemented daily, weekly and monthly budgets since getting married and I have calculated everything according to my income including incidentals after which I prioritize less saving and more investing. And save for a reserve fund when I really need it without compromising my investment.

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July 18, 2023, 06:51:16 PM
 #134

I am living in a family of two honestly. So my daily expenses are general things like food, regular needs, bills and other things. Second person of home generally takes care of inner issues at home. As bitcoiner I tend to spend much less than average person to invest more money into Bitcoin for our future. I believe most bitcoiners are better at saving than average people. My only issue is with electronics, I tend to waste money on bitcoin related gadgets. I feel like my ledger nano x was pretty much unneccesary after their drama with ledger connect service.
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July 19, 2023, 10:38:13 AM
 #135

I am living in a family of two honestly. So my daily expenses are general things like food, regular needs, bills and other things. Second person of home generally takes care of inner issues at home. As bitcoiner I tend to spend much less than average person to invest more money into Bitcoin for our future. I believe most bitcoiners are better at saving than average people. My only issue is with electronics, I tend to waste money on bitcoin related gadgets. I feel like my ledger nano x was pretty much unneccesary after their drama with ledger connect service.
It seems that you have little in common with me in managing finances to make ends meet. But the difference is that I am not only heavily invested in Bitcoin but also in other things. But lately I've also been putting more and more of my money into bitcoin investments. But I don't like to spend a lot of money on electronics. I like to use any item until the item is no longer suitable for use.

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July 19, 2023, 10:49:08 AM
 #136

The daily cost depends on the income of each person, the higher the income, the higher the cost per day. But there is a big difference between spending and wasting. Just because you have a lot of money to spend doesn't mean you waste it. Whether you have too much money or too little money, you should never waste it when you should only use as much as you need. I think one person's daily expenses will never match another person's daily expenses because everyone tries to go according to their own wishes. The cost of each day is not determined again, it may be seen that the amount of cost becomes much higher on some days because on other days, if you sit in a restaurant with friends or for any other need, more money may be spent than on normal days. Everyone's daily spending is different, but everyone should stick to spending limits.

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July 19, 2023, 02:42:41 PM
 #137

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?
Yes, how much one can afford to invest depends on their income.  But I don't think a daily budget is necessary for Bitcoin.  But everyone can make a weekly or monthly budget according to their ability. Bitcoin is a digital currency that is a possible currency of the future so it would be our best to save it. It is a good strategy that if we keep a budget it will help us in our savings. otherwise we cannot afford to invest large amounts at once
I think if someone can't invest every week then he can invest every month because those who work get salary at the end of the month. Some of this salary can be invested in Bitcoin and the rest can be used for his family. And if he  It would be very stupid to invest all his salary in bitcoins. I invest small amount in bitcoins every month. I think I can use my invested money after few years. I am very optimistic about it. Let's see what happens after few years.
A person can do this because everyone who has a fixed job gets salary at the end of the month, but those who do business can invest in bitcoins at any time. but that should be a personal matter for everyone so I won't advise anyone to use my techniques here. but for investing in Bitcoin or other cryptocurrencies it is better to follow DCA as it will minimize losses. otherwise if one invests all his money at once then he will have a high chance of big losses

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July 19, 2023, 03:15:46 PM
 #138

Just because you have a lot of money to spend doesn't mean you waste it. Whether you have too much money or too little money, you should never waste it when you should only use as much as you need.

This is always mentioned in books or always advice to people when we talk to each other. But I wonder if we will save or still spend less when we have more money. I doubt it because once a human being, everyone will have a need to use branded goods and eat expensive dishes in restaurants...So once they earn money and become rich, they will spend money on things they previously dreamed of. People who say they will stay the same when they become rich are lying and have never experienced the feeling of having a lot of money. I've never seen anyone with money that hasn't changed.

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July 19, 2023, 03:30:24 PM
 #139

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.

Well, I'm a single dad, earnings around 400 $ -500 $ a month, but I'm a very budget, with excess there is a small amount to buy bitcoin and other cryptocurrencies. The difficulty is also a real bite.

With so much fees we have to keep paying because I am affected and we are affected and it is a problem for sure. So it's not really a joke, so if for bitcoin depends on the situation as well.




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July 19, 2023, 04:07:35 PM
 #140

Everyone has different life responsibilities, someone who is married and has more than three children may have to budget more funds for daily expenses. Need to manage finances wisely to avoid economic difficulties that result in debt, income and expenses need to be balanced in order to maintain financial stability.
Behind the money spent needing savings for unexpected expenses, I always use the spending formula that must be lower than income. I always try to live a simple life with stable expenses every day, I save the rest as a reserve fund.

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