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Author Topic: Trusting your budget in times like this.  (Read 1643 times)
Morr1s
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November 19, 2024, 04:23:54 PM
 #141

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.

Even if you have one source of income, always, if it is, for example, a salary, as soon as you receive it, set aside even a large amount, but steadily, every month and then find something to reinvest this money in.
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November 19, 2024, 05:06:53 PM
 #142

I think this topic is very timely. With the bull run and Bitcoin staying at $91k, the majority of the holders that have held BTC up til' now are in profits. So, be wise in taking your profits and your budgeting. Because for sure there goes the folks that want to enjoy their profits. There is nothing wrong with that as everyone who held for so long and took risks deserves that. And with the current state of the economy, you better be wise and productive with the money that's already on you from the profit that you'll take or have taken from this bull run. Re-invest the bigger part in there but don't forget to entertain and treat yourself by doing so but need to be careful with spending habits that might trick your emotions into saying that you can do everything with that money you have now.

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November 19, 2024, 06:43:18 PM
 #143

I think this topic is very timely. With the bull run and Bitcoin staying at $91k, the majority of the holders that have held BTC up til' now are in profits. So, be wise in taking your profits and your budgeting. Because for sure there goes the folks that want to enjoy their profits. There is nothing wrong with that as everyone who held for so long and took risks deserves that. And with the current state of the economy, you better be wise and productive with the money that's already on you from the profit that you'll take or have taken from this bull run. Re-invest the bigger part in there but don't forget to entertain and treat yourself by doing so but need to be careful with spending habits that might trick your emotions into saying that you can do everything with that money you have now.
For those who do have held up their positions strong then they are definitely making up some bucks now but this is only into those people who do able to accumulate and take risks when the price is still $70k on which it cant really be avoided not to think that there might be corrections as we do go ahead or hover around into its all time high. There's always that kind of hesitation that we might be seeing some correction on which it could really be something nasty but there are those individuals who will really be that taking up some risks on trying out to place and accumulate. So profitability will really be just that a matter on how you will really be able to make out some investment decisions on which you do know that this could really be giving out that kind of advantage on which it will really be helpful for you to make up some profits.

As for profitability then this will really be that matter on how you will really be making out some budget or would really be trying out to make allocations and savings on which you would really be able to find yourself
being sustainable on the time that there's something problem in terms of economic impacts or simply with emergency situations. Nothing beats out into those individuals who are financially prepared and to those
individuals who dont have some budget allocation with these kind of times or moments. So it will really be that up to you into this aspect.

R


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tabas
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November 20, 2024, 10:33:36 PM
 #144

I think this topic is very timely. With the bull run and Bitcoin staying at $91k, the majority of the holders that have held BTC up til' now are in profits. So, be wise in taking your profits and your budgeting. Because for sure there goes the folks that want to enjoy their profits. There is nothing wrong with that as everyone who held for so long and took risks deserves that. And with the current state of the economy, you better be wise and productive with the money that's already on you from the profit that you'll take or have taken from this bull run. Re-invest the bigger part in there but don't forget to entertain and treat yourself by doing so but need to be careful with spending habits that might trick your emotions into saying that you can do everything with that money you have now.
For those who do have held up their positions strong then they are definitely making up some bucks now but this is only into those people who do able to accumulate and take risks when the price is still $70k on which it cant really be avoided not to think that there might be corrections as we do go ahead or hover around into its all time high. There's always that kind of hesitation that we might be seeing some correction on which it could really be something nasty but there are those individuals who will really be that taking up some risks on trying out to place and accumulate. So profitability will really be just that a matter on how you will really be able to make out some investment decisions on which you do know that this could really be giving out that kind of advantage on which it will really be helpful for you to make up some profits.

As for profitability then this will really be that matter on how you will really be making out some budget or would really be trying out to make allocations and savings on which you would really be able to find yourself
being sustainable on the time that there's something problem in terms of economic impacts or simply with emergency situations. Nothing beats out into those individuals who are financially prepared and to those
individuals who dont have some budget allocation with these kind of times or moments. So it will really be that up to you into this aspect.
$70k was still quite high to be honest but those who have accumulated on that point really took the risk. And so, they're already on their rewards but that's not yet for them to take out their profits. I think that it's still early for them unless they are desperate to just get away with the profit and take it. And those that have bought and held for so long in the past lower than $70k, they have no doubt that they can take it now. But hey, this isn't about the taking profits but the worth of the money that they have now through Bitcoin. With all of these ATHs coming to the market and looks that it's not going to stop anytime soon, there's more to come and one has to be diligent with their decision and be wise but as for me, I'll continue to hold.

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November 20, 2024, 10:45:54 PM
 #145

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.
this topic is one of the relevant topics I've seen recently in this particular trend because I know quite well that majority of persons that suffered a lot is because of lack of management because if you don't manage very well I don't think that you will be able to actualize any good thing so over spending and causes a poverty and it will make you not to have a saves, so I believe that we need to understand go through this thread so that we will know how to spend our moneys.

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November 21, 2024, 04:13:19 AM
 #146

You have raised important points. But it is not necessary to have multiple sources for budgeting. Many people can earn a lot from one source.
However, I think that making a specific budget every month will help to avoid unnecessary expenses.

But if the government cannot control the market, then even making a budget every month will not benefit the common man. Because if the price of goods increases or decreases, the amount of expenditure will also increase.
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November 21, 2024, 09:43:32 AM
 #147

You have raised important points. But it is not necessary to have multiple sources for budgeting. Many people can earn a lot from one source.
However, I think that making a specific budget every month will help to avoid unnecessary expenses.

Indeed, one doesn't need multiple sources of income for budgeting, but it's necessary to have multiple sources if you have a single income and it isn't enough for all your expenses because, in such a case, making a budget won't be possible. How can you put everything in the budget when you know the expenses are higher than your income in the first place? So, multiple sources of income help you manage things properly because then you will have more money to spend, and your expenses can fit in the budget you want to make.

But if the government cannot control the market, then even making a budget every month will not benefit the common man. Because if the price of goods increases or decreases, the amount of expenditure will also increase.

That's one of the biggest problems we are facing in modern times. People earn an average income, and then have to deal with inflation which makes them have financial problems because you might be able to manage everything with what you are earning if there is no high inflation but when things start to have higher values while you are still earning the same amount of money, you will have problems.

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November 21, 2024, 11:20:40 AM
 #148

Even if you have one source of income, always, if it is, for example, a salary, as soon as you receive it, set aside even a large amount, but steadily, every month and then find something to reinvest this money in.
The direction you said is a very wise direction and also quite reasonable to be done by people who have a regular salary every month. Because they can immediately choose and see valuable assets that they can take as their future investment because if they only depend on one source such as a monthly salary, it will not provide such a big change in our own lives. So the direction of investment is what needs to be seen in detail so as not to be wrong in placing the money that has been set aside from the results of their own monthly salary.

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HajiBagi
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November 21, 2024, 11:47:50 AM
 #149

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.

The reason why some people find it difficult to keep their Budget is because of the condition of their country and how the price of goods in the country, you can not Budget when you are hungry, you must be satisfied with what you have before planning to Budget, there are some countries where people earn good money that they can save but the condition of the country will not allow them to think of saving money.

Before thinking of Budget you have to think of how your situation is and if you can live a normal life even when you are saving money, people who can enjoy Budgeting are people who have many sources of income if not no matter how you plan to make a Budget you must touch it, it's not by having mind you can Budget is by having a good source of income.

dunfida
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November 21, 2024, 09:14:28 PM
 #150

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.

The reason why some people find it difficult to keep their Budget is because of the condition of their country and how the price of goods in the country, you can not Budget when you are hungry, you must be satisfied with what you have before planning to Budget, there are some countries where people earn good money that they can save but the condition of the country will not allow them to think of saving money.

Before thinking of Budget you have to think of how your situation is and if you can live a normal life even when you are saving money, people who can enjoy Budgeting are people who have many sources of income if not no matter how you plan to make a Budget you must touch it, it's not by having mind you can Budget is by having a good source of income.
One of the factors too about condition of such country when it comes into that pertains about price of goods and services on which it will really be that making things being a burden by into its citizens.
If it turned out that this do becomes even more worst as time passes by because of that shit governance then it will really be that a hard thing for its citizens to make up such progress into their lives but
instead it will really be that becoming even more difficult for a certain individual on such having that progress and you cant be able to make out some direct conclusions that people are really just that lazy.
Come to think that opportunities doesnt really come often and there are factors on which it could affect out in overall.

If you do find yourself really just that making money which is really that sufficient on day to day survival then it will really be just that normal that you do need up to make out some budget
on which it could really be able to last up until the next paycheck. This is the sad reality that we are really that facing because if you wont really be that good when it comes on handling such tough
situation then you cant be able to survive or go further ahead.

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