Trusting your budget in times like this.

[milewilda]

It is very important for every man to have a budget on how to spend to avoid being broke or overspending. But some people I take myself for an instance no matter how I make my budget at some points I still exceed it so I really need your thoughts guys.
And at the same time having a successful budget and maintaining your budget depends on the situation of your country in a country where prices of goods are not stable it would be very difficult to have a trusted budget.

So how do you manage your budget in a rotational economy I think I myself would need to hear from you guys.

I have noticed one thing, that the cost of living is constantly being raised so that people cannot improve their standard of living. Inflation, tax increases and other economic difficulties lead to the fact that we constantly need to think about how to distribute our will in such a way that it is enough for the standard of living to which we are accustomed, or think about how to increase our income. Sometimes in the most difficult times you have to save.

Actually it would really be that just fine if things will really be that increasing but it will be always best that in terms of salary then this is something that should reallly be increasing as well or would really be trying out to changed up as well same goes with those taxes and other expedentures that a certain person would really be having in terms of living. It wont really be something that give out that kind of hardship but of course we do know that they cant really easily do that. If it were that possible or a solution to avoid too much poverty problem then the government would really be doing it. Come to think that raise up of salary or wage
on a certain country will really be still needed up to be passed or be that discussed whether it would be approved or not and also the increase wont really be that significant or really that something that could match up
those increase of prices and expenses and taxes. If it were able to patch it up or getting even with those things then there's no issue but we are really that seeing the different thing. Prices and inflation becomes worst
while salaries are still that the same on various years to come on which means that people who are earning that basic wage will gradually be struggling on way of living as years passing. So better not yourself be waiting up for government aid or someone who do expect such change. As a personal point of view then you should really be acting out into yourself and find out for another source of income for you to be able to add up into your day job salary. If you do find out that you are already struggling on way of living then its normal that you would really be making out adjustments accordingly.

[Webetcoins]

In managing a budget in an economy that is constantly rotating or unstable, at least we have additional income. Even if there is none, we must learn to manage our finances well and must have an emergency fund and must have investments. There may be many strategies depending on ourselves, but what is certain is that we must change bad habits to be more disciplined in managing finances.

Actually, there is no need to calculate the percentage, just determine how much the monthly consumption budget is. The rest is all invested. The greater the income, the greater the investment value, so you must have long-term and short-term savings so that assets continue to grow for your finances when economic conditions are uncertain.

The point is, stay away from debt, especially debt that is consumptive in nature. Because people who do not have debt are unlikely to go bankrupt (So be careful about debt).

This is why I am investing as much as I can afford to, because in terrible economic situations when you have something you can fall back on, could be a great situation. For the past 3 years I had to deal with something similar, I am doing much better now thankfully, I have very very little credit card debt (like just 100 bucks or so left maybe 200) and this came down from having 12k dollars debt one time at the peak, we had to sell some stuff to pay that.

But, I had bitcoin investments so I got to pay it very well, and my boss is a lovely person who helped me along the way so I am doing much better right now. Always have investments into bitcoin so that when things are looking bad then you will have a chance to make some good profit. I believe the best thing to do in this case would be making sure you are dealing with a good return and you could make some good money with it. I think the results will show itself and while everyone else is in trouble, you will not be.

[Swordsoffreedom]

In managing a budget in an economy that is constantly rotating or unstable, at least we have additional income. Even if there is none, we must learn to manage our finances well and must have an emergency fund and must have investments. There may be many strategies depending on ourselves, but what is certain is that we must change bad habits to be more disciplined in managing finances.

Actually, there is no need to calculate the percentage, just determine how much the monthly consumption budget is. The rest is all invested. The greater the income, the greater the investment value, so you must have long-term and short-term savings so that assets continue to grow for your finances when economic conditions are uncertain.

The point is, stay away from debt, especially debt that is consumptive in nature. Because people who do not have debt are unlikely to go bankrupt (So be careful about debt).

This is why I am investing as much as I can afford to, because in terrible economic situations when you have something you can fall back on, could be a great situation. For the past 3 years I had to deal with something similar, I am doing much better now thankfully, I have very very little credit card debt (like just 100 bucks or so left maybe 200) and this came down from having 12k dollars debt one time at the peak, we had to sell some stuff to pay that.

But, I had bitcoin investments so I got to pay it very well, and my boss is a lovely person who helped me along the way so I am doing much better right now. Always have investments into bitcoin so that when things are looking bad then you will have a chance to make some good profit. I believe the best thing to do in this case would be making sure you are dealing with a good return and you could make some good money with it. I think the results will show itself and while everyone else is in trouble, you will not be.

You need to remember that investing can make you a significant amount of money but it can also make you lose money, there is no guarantee that investing will always be profitable. In my opinion, instead of focusing most of our money on investing, we should balance money in our lives. We also need to have one or two emergency savings in addition to investments. What if our investment fails and we lose money? Have you thought about that?


Bitcoin is the most potential investment today and we all believe that its value will increase over time. But to be fair, we have no guarantee that prices will always rise and always be profitable so always balance things out and always have a backup plan in life.


My life has improved a lot thanks to my bitcoin investment, but I wouldn't let my life depend too much on it or anything else, I like diversity and always have a backup plan because anything can happen.

[ndutndut]

It is very important for every man to have a budget on how to spend to avoid being broke or overspending. But some people I take myself for an instance no matter how I make my budget at some points I still exceed it so I really need your thoughts guys.
And at the same time having a successful budget and maintaining your budget depends on the situation of your country in a country where prices of goods are not stable it would be very difficult to have a trusted budget.

So how do you manage your budget in a rotational economy I think I myself would need to hear from you guys.

To avoid bankruptcy, the main key is to be able to manage finances well. By being able to manage finances well, we can avoid bankruptcy when the economy is not good or when facing other problems related to finances. Managing finances is indeed not easy, there will be many temptations that make us not control our finances well, but believe me, if you do it continuously, you will get used to it. So it is important to apply financial management as early as possible.

For example, by recording income and expenses, this is the most difficult thing to do in personal finance.
An accountant alone is able to record company finances, but not necessarily able to record personal finances. Therefore, you must stick to the principle, if you work, work while others are sleeping. Save while others are shopping, study while others are partying, and enjoy life while they are dreaming.

All of that can be achieved if you make a mature spending plan and a clear monthly budget. Prioritize basic needs such as bills, food, and avoid debt. If you have extra money, set aside some of your income to save and invest for future targets.

[Xcode7]

To avoid bankruptcy, the main key is to be able to manage finances well. By being able to manage finances well, we can avoid bankruptcy when the economy is not good or when facing other problems related to finances. Managing finances is indeed not easy, there will be many temptations that make us not control our finances well, but believe me, if you do it continuously, you will get used to it. So it is important to apply financial management as early as possible.

For example, by recording income and expenses, this is the most difficult thing to do in personal finance.
An accountant alone is able to record company finances, but not necessarily able to record personal finances. Therefore, you must stick to the principle, if you work, work while others are sleeping. Save while others are shopping, study while others are partying, and enjoy life while they are dreaming.

All of that can be achieved if you make a mature spending plan and a clear monthly budget. Prioritize basic needs such as bills, food, and avoid debt. If you have extra money, set aside some of your income to save and invest for future targets.

Financial management is the most important thing for anyone who has a source of income that is still tight, especially those who are in a poor financial condition, indeed it is not something that can be easily done by someone, but if they do not want to go bankrupt, of course they must learn how to manage their income properly so as not to go bankrupt.
Choosing to record all forms of expenses that we have will indeed be very good and we can see whether we have used the income we have on things that we really need or not and if there are still expenses that we don't need, then we will be able to improve in the future so that we can limit all expenses that we don't need and that way one day we will be able to achieve what we dream of with the money we have collected.
When we have prioritized basic needs and are always routine in setting aside some of our income to invest, of course this will be able to prepare for the future according to what we expect, but this will not be easy to do if someone does not have good financial management.

[stomachgrowls]

To avoid bankruptcy, the main key is to be able to manage finances well. By being able to manage finances well, we can avoid bankruptcy when the economy is not good or when facing other problems related to finances. Managing finances is indeed not easy, there will be many temptations that make us not control our finances well, but believe me, if you do it continuously, you will get used to it. So it is important to apply financial management as early as possible.

For example, by recording income and expenses, this is the most difficult thing to do in personal finance.
An accountant alone is able to record company finances, but not necessarily able to record personal finances. Therefore, you must stick to the principle, if you work, work while others are sleeping. Save while others are shopping, study while others are partying, and enjoy life while they are dreaming.

All of that can be achieved if you make a mature spending plan and a clear monthly budget. Prioritize basic needs such as bills, food, and avoid debt. If you have extra money, set aside some of your income to save and invest for future targets.

Financial management is the most important thing for anyone who has a source of income that is still tight, especially those who are in a poor financial condition, indeed it is not something that can be easily done by someone, but if they do not want to go bankrupt, of course they must learn how to manage their income properly so as not to go bankrupt.
Choosing to record all forms of expenses that we have will indeed be very good and we can see whether we have used the income we have on things that we really need or not and if there are still expenses that we don't need, then we will be able to improve in the future so that we can limit all expenses that we don't need and that way one day we will be able to achieve what we dream of with the money we have collected.
When we have prioritized basic needs and are always routine in setting aside some of our income to invest, of course this will be able to prepare for the future according to what we expect, but this will not be easy to do if someone does not have good financial management.

Come to think that rich people are really that making huge income or having tons of money but still they are really that careful when it comes into their spending on which somewhat excluding into some individuals but it isnt really that a problem since they are already that rich. How much more for us who are earning that on average income? It is really that should be automatic that you do make out some budget whenever into your spendings. This is why its really that important that you should consider out on trying out to have those strict application when it comes to budgeting on which this is really that something which you would really be needing for you to avoid those potential overdrops with your budget and ending up on having that miserable life because of mismanaged funds or money. It is really that important at least on having that kind of consideration on be keen on what you do spend specially you arent that still that having a good financial status or condition. Economic situations becomes worst overtime and its normal that you will really be mindful
on every steps that you do make and dont let yourself that just simply making up some spending iwithout having considerations on where those spendings would really be that going. So it would really be that up to
you on how you would be gonna deal up with things basing on what you are really that trying to avoid and trying to deal up with.

[beerlover]

To avoid bankruptcy, the main key is to be able to manage finances well. By being able to manage finances well, we can avoid bankruptcy when the economy is not good or when facing other problems related to finances. Managing finances is indeed not easy, there will be many temptations that make us not control our finances well, but believe me, if you do it continuously, you will get used to it. So it is important to apply financial management as early as possible.

For example, by recording income and expenses, this is the most difficult thing to do in personal finance.
An accountant alone is able to record company finances, but not necessarily able to record personal finances. Therefore, you must stick to the principle, if you work, work while others are sleeping. Save while others are shopping, study while others are partying, and enjoy life while they are dreaming.

All of that can be achieved if you make a mature spending plan and a clear monthly budget. Prioritize basic needs such as bills, food, and avoid debt. If you have extra money, set aside some of your income to save and invest for future targets.

Not everyone can "manage" their finances, not because they are incapable of doing it, but life isn't always straight forward. If everything is going normal and you are just overspending on useless stuff and you bankrupt because of that, then yeah it's your problem. But if everything is hectic, there are health problems, there are machinery problems, there is a natural disaster, whatever that is "unusual", like not a normal day, then you could bankrupt without anything you can do about it.

This is what happened to my dad, he lost his job because of a sickness, thankfully he recovered and did fine afterwards, but for 11 months we were quite poor and got a lot of debt when I was a kid, he paid it all back and retired now, but it was a tough period and he didn't do anything about his finances, it was just a sickness he had and there wasn't anything he can do. Even though he saved some money, how much can you really save, it was good enough for 5-6 months which is a lot for many people to save that much, but then we needed more.

[Unknown Op]

To avoid bankruptcy, the main key is to be able to manage finances well. By being able to manage finances well, we can avoid bankruptcy when the economy is not good or when facing other problems related to finances. Managing finances is indeed not easy, there will be many temptations that make us not control our finances well, but believe me, if you do it continuously, you will get used to it. So it is important to apply financial management as early as possible.

For example, by recording income and expenses, this is the most difficult thing to do in personal finance.
An accountant alone is able to record company finances, but not necessarily able to record personal finances. Therefore, you must stick to the principle, if you work, work while others are sleeping. Save while others are shopping, study while others are partying, and enjoy life while they are dreaming.

All of that can be achieved if you make a mature spending plan and a clear monthly budget. Prioritize basic needs such as bills, food, and avoid debt. If you have extra money, set aside some of your income to save and invest for future targets.

Not everyone can "manage" their finances, not because they are incapable of doing it, but life isn't always straight forward. If everything is going normal and you are just overspending on useless stuff and you bankrupt because of that, then yeah it's your problem. But if everything is hectic, there are health problems, there are machinery problems, there is a natural disaster, whatever that is "unusual", like not a normal day, then you could bankrupt without anything you can do about it.

This is what happened to my dad, he lost his job because of a sickness, thankfully he recovered and did fine afterwards, but for 11 months we were quite poor and got a lot of debt when I was a kid, he paid it all back and retired now, but it was a tough period and he didn't do anything about his finances, it was just a sickness he had and there wasn't anything he can do. Even though he saved some money, how much can you really save, it was good enough for 5-6 months which is a lot for many people to save that much, but then we needed more.

Budget making is an art and everyone can't do that . You should save 30 percent money from your income for any emergency and you should be independent for your future.  If you will save the money from your income,you will not lose anything in emergency or you can invest your money in the form of Gold because physical gold is safe investment but one of the best investment I will suggest Bitcoin and you can invest in that for future and you should forget about that . Always remember that Bitcoin will be profitable in future but you have to stay focus on many things.Always be ready for every kind of situation and invest in assets which will give you returns in future.

[MarjorieZimmermanGinger]

It is very important for every man to have a budget on how to spend to avoid being broke or overspending. But some people I take myself for an instance no matter how I make my budget at some points I still exceed it so I really need your thoughts guys.
And at the same time having a successful budget and maintaining your budget depends on the situation of your country in a country where prices of goods are not stable it would be very difficult to have a trusted budget.

I am also less able to control the spending of money needed because at certain times we have to spend money for uncertain needs. Some people say that there needs to be management to manage finances so that they are much more appropriate, but in economic conditions like now and the price of goods that continue to increase, it will make it difficult for us to save money

Steps to mitigate money may be easy to talk about, but when it comes to practice, it will be much more difficult. It goes back to each individual how to spend something based on needs, not desires to fulfill a lifestyle.

So how do you manage your budget in a rotational economy I think I myself would need to hear from you guys.

Having management for control, although it seems a little more difficult in the current economic conditions, if we consistently apply this method, I am sure that managing finances will be much more targeted.

[LUCKMCFLY]

I have noticed one thing, that the cost of living is constantly being raised so that people cannot improve their standard of living. Inflation, tax increases and other economic difficulties lead to the fact that we constantly need to think about how to distribute our will in such a way that it is enough for the standard of living to which we are accustomed, or think about how to increase our income. Sometimes in the most difficult times you have to save.

Yes, that is a fact, the cost of Living is becoming More and more difficult, and inflation is rampant in every sense, this makes many people in the world want to adopt other types of jobs so that they can Maintain their status quo, and While the traditional economy is difficult , because it requires more time, therefore less time for the family to do their things and When it is seen that half has Already been solved and the person is old , then the problem of inflation is simple because if investments are made, if businesses are run or even if BTC is bought , this can help to withstand that global storm.

[stomachgrowls]

I have noticed one thing, that the cost of living is constantly being raised so that people cannot improve their standard of living. Inflation, tax increases and other economic difficulties lead to the fact that we constantly need to think about how to distribute our will in such a way that it is enough for the standard of living to which we are accustomed, or think about how to increase our income. Sometimes in the most difficult times you have to save.

Yes, that is a fact, the cost of Living is becoming More and more difficult, and inflation is rampant in every sense, this makes many people in the world want to adopt other types of jobs so that they can Maintain their status quo, and While the traditional economy is difficult , because it requires more time, therefore less time for the family to do their things and When it is seen that half has Already been solved and the person is old , then the problem of inflation is simple because if investments are made, if businesses are run or even if BTC is bought , this can help to withstand that global storm.

Inflaiton is inevitable and this is something that we must prepare ourselves in the moment or time that we do need up to do more hard work and wise decisions so that we would really be able to survive.
There are times or moments that we will really be having those kind of confidence into someone that they are really that able to survive without any hardship but on the moment that they've been able to
encounter those things then this is where they do make out some actions. It will really be that a very common human behavior on such as this because they are really just that trying out to make actions
on the moment that they do really have that kind of difficulties or challenges that they might be able to encounter ahead. Management when it comes to budgeting will really be that tough specially on living in a world
on where everything is really that increasing in terms of price and if your job salary isnt really that increasing as well  then it will really be that resulting into such overdropped on which this is something
that not really good. Proper budget and buying up important things or priorities is something that will be recommended and not really that focusing on buying some liabilities because this is where
people usually prison themselves with lifetime debt.

[EarnOnVictor]

It is very important for every man to have a budget on how to spend to avoid being broke or overspending. But some people I take myself for an instance no matter how I make my budget at some points I still exceed it so I really need your thoughts guys.
And at the same time having a successful budget and maintaining your budget depends on the situation of your country in a country where prices of goods are not stable it would be very difficult to have a trusted budget.

So how do you manage your budget in a rotational economy I think I myself would need to hear from you guys.

Let me avoid sounding like a motivational speaker right now who would tell you that you can still save no matter what you have. My brother, all you need is a better income, or else, that is how you will always find it difficult to have a financial plan, not to mention a budget.

Things are hard in some countries right now, my country is a typical example, so I know the pain. If you go to the market today to buy a good that worths $10, I can assure you that you may see it at around $12-$13 in the next 1-2 weeks, how is someone planning on that? It is not feasible. Just try to increase your means of income to tackle your financial needs and that will probably encourage savings.

[Oluwa-btc]

No matter how you want to plan your budgets, you should make provision for miscellaneous items and also make an excessive budget such that inflation will not affect your already planned budget and if there's anything that would have falling outside the box, your excess budget can take care of them without you having to go above what you planned for.

You're right  sometimes when you plan your budgets there will always be an unforseen circumstances that will make you to go above your expected budgets and that way you have spent above your expectations and like you said inflation has affected alot of things and thus is why multiple income are advise so it can really cover up for some wants and needs inorder to meet up with your budgets.

[Farhan99]

No matter how you want to plan your budgets, you should make provision for miscellaneous items and also make an excessive budget such that inflation will not affect your already planned budget and if there's anything that would have falling outside the box, your excess budget can take care of them without you having to go above what you planned for.

You're right  sometimes when you plan your budgets there will always be an unforseen circumstances that will make you to go above your expected budgets and that way you have spent above your expectations and like you said inflation has affected alot of things and thus is why multiple income are advise so it can really cover up for some wants and needs inorder to meet up with your budgets.

The first thing you should consider is your income and household expenses because this is the big thing. If it is not addressed, it will go out of your budget, and it is difficult to control. In today era these two things are given more priority and it should be so because if this thing is not fulfill in your own home how will you do other things. If you do two or two businesses and work then you can use it in your own way. You can spend so much that you can use it if you need money in hard times.

[Republikcoin.com]

You're right  sometimes when you plan your budgets there will always be an unforseen circumstances that will make you to go above your expected budgets and that way you have spent above your expectations and like you said inflation has affected alot of things and thus is why multiple income are advise so it can really cover up for some wants and needs inorder to meet up with your budgets.

The influence of inflation at this time is indeed undeniable so that everyone must have more than one income in their lives so that unexpected things can also be overcome so well without any significant obstacles. Now business people also continue to move to open more branches in order to get more income because they also understand very well that more than one income will help them in anything rather than just relying on income from one direction which may not be able to cover all the needs they want in their lives.

[Mr steve22]

Period like this,what is needed is to have more than one source of income to enable you achieve whatever you have written down on your budget. Or set up a business which too can help you to be stable and achieve what you have earmarked to accomplish.

[LUCKMCFLY]

Inflaiton is inevitable and this is something that we must prepare ourselves in the moment or time that we do need up to do more hard work and wise decisions so that we would really be able to survive.

Well, don't believe it, in the country where I have lived since I was born it is like that, you have to do many activities to earn good money, work hard to be able to have a high income and be able to cover basic needs, if there is a good level of professionalism , you can have more advantage over others , it helps, but honestly the jobs that are more basic, the sales of certain things, the people who do them earn much more than being in a Company where you have to meet Schedules and Certain goals that sometimes are not so simple, and all to fight against inflation, it is really hard.

[MissNonFall9]

As an adult with responsibility, there is what we call emergency needs, this needs arise on daily basis and at that you can not accurately make a budget of how much you spend in a day, all that you need is to be financially stable enough to be able to withstand whatever comes your way as long as you keep living each day, it may not be from you directly but from your family so before you set out to make any budget, you should also take that time to check or reserve an emergency funds.

So for sure you can make a budget only when your income esceed you spending, and to achieve such financial level you have to make sure to always save more than you spend, in other to stay ahead of any situation that could arise.

You have made a reasonable point, when the economic situation becomes tight, the most important thing is to choose the sectors of emergency expenditure and stop the hobby expenditure. We often say or many people suggest in the midst of economic hardship that we should enrich the sectors of income or increase the potential sectors of income. But in reality, no matter our economic situation, we all try our best to earn the highest income. So in this case your argument is very effective we should choose the emergency sectors and manage the expenditure accordingly.

[DubemIfedigbo001]

One major enemy of accurate budgeting that I've seen as a person is lack of proper breakdown while budgeting. When you budget for certain needs, you need to break the budget down to all concerns that make up that need and various factors that would be included in achieving it, be detailed leaving no stone unturned and you'll see the loophole that would've rendered the budget inefficient, then you can choose to increase your budget or cut down the concerns of meeting such needs.

Secondly you need to include tolerance while making a budget, don't be exact because there's some aspect you cannot see clearly until you've started spending, so if after breakdown your budget for a particular need is $300, it's better to apportion $350 to it in order to service miscellaneous.

Finally, be sure to budget on needs first before flexing or frivolities and not vice versa so you can accurately and easily cut down on frivolities without much problem rather than cutting down on your needs.

Also remember to reserve some funds for emergency and always increase your emergency funding across intervals and reserve them strictly for emergencies because they always come.

[lizarder]

It is very important for every man to have a budget on how to spend to avoid being broke or overspending. But some people I take myself for an instance no matter how I make my budget at some points I still exceed it so I really need your thoughts guys.

Back to the meaning of control and being able to manage finances better based on the needs to be purchased, without having such management it will be difficult to control yourself so as not to spend something that is not needed to be purchased. Avoid an excessive lifestyle and do not need to pursue life trends like most people live because avoiding unnecessary waste of money will make our lives better.

And at the same time having a successful budget and maintaining your budget depends on the situation of your country in a country where prices of goods are not stable it would be very difficult to have a trusted budget.

So how do you manage your budget in a rotational economy I think I myself would need to hear from you guys.

What goods do you mean because not all goods have to be bought and not all goods are necessities. Except when talking about fulfilling food because that is a need that may need to be met according to the budget we have. Food needs often rise uncontrollably, especially if there is a recession and it is caused by scarcity and must be exported from abroad.

If you want to be more economical, then buy raw materials and cook at home so that we can be much more economical. No need to pursue a lifestyle and eat in luxurious places like restaurants because what we need to think about is how to maximize the existing budget to meet the needs of life to be better.