Trusting your budget in times like this.

[yhiaali3]

I have the same problem in controlling the budget, the problem is also in my country here that prices are unstable and constantly rising, so you have to adjust your budget all the time to match the price differences.

The best way to control the budget is to have multiple sources of income, as you must have more than one source of income, otherwise you will be in big trouble if an emergency occurs and your income stops.

The other thing is that you have to control expenses, you must control your monthly expenses and give up some unnecessary luxuries so that your expenses match your income and the rise in prices, otherwise you may have to borrow, and if the debt accumulates, you are in big trouble.

[SamReomo]

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

I personally avoid purchasing the things that I don't need and eat food at home for most time to avoid extra cost of food of restaurants. However, I do go to restaurant once or twice a month to enjoy sometime with my family and friends.

I avoid purchasing useless items like Smartphones, cars, bikes, computers, laptops, and other such items that cost so much money. I use my smartphones for at least 4 years before switching to new and updated versions and I don't have any such issues.

My simple suggestion is to avoid spending money on the things that you don't need. If you have a smartphone then try to use it for at least 2 years before upgrading, and if you own a car then update it once in a decade. But, you don't have to be such frugal if budget isn't an issue.

[Dr.Bitcoin_Strange]

If not for the fact that I do prepare my budget list which is spend accordingly, I wouldn't be able to save anything out of my salary but though during some weeks, I still exceed my budget limit and no matter how hard I try to spend base on my budget, it doesn't work. What I observe is that, if you have lots of family or relatives that depends  on you, it's going to be very difficult to spend  based on your budget.  What you have to do is, avoid showing off to family and relatives, don't go for unplanned outing or clubbing and don't allow friends pressure to influence your budget.

[Ultegra134]

The cost of living in most countries are getting higher everyday therefore salaries are never enough. In my country the item that you buy today for a certain amount, you shouldn't expect to buy the same thing at the same amount in the next week. Inflation rates are drastically increasing and everybody with responsibilities needs to have plan b inorder to survive. Complaining about harsh economy doesn't help anybody, so finding solutions on not being broke and in dept is a necessity.

If you fall into the category of people who's incomes are never enough for them despite how they tried to cut cost and manage, then you seriously need that plan b. Get a better paying job or get a second job because the goal is to increase your earnings. You can learn a skill and be using it to earn money to augment your salary. Find services that are in demand and learn the skills so you can earn extra money to support your income. Remember that it's very important to try and survive bellow your income, even if you're rich and spend according to how you earn, you might end up poor.

That's unfortunately true; the climbing inflation has massively increased the cost of basic necessities such as groceries, fuel, and electricity. If your income hasn't increased to make up for the difference, then you're going to struggle no matter how strict your budget is, unless you start cutting on daily goods that you decide aren't that necessary. In the OP's case, his goal should be not to decrease his expenses even further, because I'm understanding that he has already done it to a great degree, but to look for a better-paying job or a secondary source of income.

[Stepstowealth]

Honestly. I have lost counts trying to keep a budget but will end up spending beyond my budget. The kind of rotational economy we have today have makes things difficult for an average individual in my country. The inflation have been increasing without any sign of it decreasing. It has kept me scared of my spending. I don't know what the future might hold for us right now. Everything is uncertain.

The usual product that we are used to from the market have become very much expensive based on the attention that they have, so I can recommend that in an economy that defies budgeting, you should look for alternatives but not inferiors to the products that your original use for the sake of cutting down on the cost you would spend on these items. Then another way is making sure to make provision to buy things in bulk when you are budgeting for them because that way you save yourself spending some little amounts of money more in a few weeks to come even if the price is affected.

[CryptopreneurBrainboss]

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.

Budget in the times that we're in aren't meant to be fixed, they're to be flexible because the rate at which inflation is making every thing to be expensive is alarming.

Few days back, I went for shopping and I was amazed at how things have tripped the amount I used to buy them just few months back. When we don't exceed our budget that much, I don't think it should bother us as we don't have a stable economic to be 100% on point with our budget in always.

When I budget, I add some extra money for any extra expenses that was to come from nowhere or when the price of things increase.

The unstable economic shouldn't make us to stop budgeting as it's very importance to know exactly how you spend every cent you earn. It's a good habit to develop as it makes you accountable.

[Zaguru12]

If not for the fact that I do prepare my budget list which is spend accordingly, I wouldn't be able to save anything out of my salary but though during some weeks, I still exceed my budget limit and no matter how hard I try to spend base on my budget, it doesn't work. What I observe is that, if you have lots of family or relatives that depends  on you, it's going to be very difficult to spend  based on your budget.  What you have to do is, avoid showing off to family and relatives, don't go for unplanned outing or clubbing and don't allow friends pressure to influence your budget.

I totally agree with you mate it’s seriously difficult to actually manage one’s budget or finances if you have lots of hands feeding through you, you might be actually following up your own personal spending but a family member will just run Into a financial emergency or crisis and most at times you have to be the only family member to clear the emergency for them and yuh have no option, this is part of the reason why some people even when they get jobs they hardly get to safe anything talk more of budgeting themselves.

I have one rules for earners like this, do not by all means allow people to know amount your income generates because I notice something that people bill you base on how they think you earn so telling them you earn little reduces their billing.

As for budget one thing I say is if it is for savings and a very long term then I will say never leave it in liquid money but rather invest it into other things so the money doesn’t just get use when yuh want to

[Furious 7]

I have the same problem in controlling the budget, the problem is also in my country here that prices are unstable and constantly rising, so you have to adjust your budget all the time to match the price differences.

This will definitely be difficult because for now almost every country the increase in all fields such as food or other things will clearly make us always be required to think so that we can manage finances well from the income we have but in the end things like this cannot be used as a reason for us to complain and forget about it because after all we still have to survive and try our best so as not to be eroded and hassle in difficult conditions like this.

Changes always have to be made and of course last month's management may not be used for this month because of the increase that continues to occur this month and vice versa. Therefore, for now the key is from ourselves because after all we are the ones who are the focus for our self-change in order to improve or at least survive in this difficult economic condition. Maximizing as best as possible and minimizing expenses is one important factor that must be done so that the expenses we have are not greater than the income we get each month.

[uneng]

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

I try to spend the minimum as possible on daily expenses, so I can save money for investments aiming long term returns. I believe each person has to create his own recipe for success, so what works for me, might not work for another person. That is why we should be careful with online gurus (coaches) telling us they have access to the secret for success. They do this just to get money from us to get rich, because there isn't any secret recipe after all.

The important is to make your budget last for longer and to always think on new measures to increase it in a monthly basis. If you achieve doing so, you will inevitably thrive financially. Doesn't matter if you are going fast or slow, the important is to thrive in your own rhythm. Also, never compare yourself to another individuals. Remember the journey is individual and different for every person.

[Miles2006]

There’s no better way handling funds rather than creating a budget, trying to exceed the budget is normal as always because I can relate. It’s more better even if compared to no proper management plans, a bad economy can result to poor spending while salary earners recieve less. No one is actually perfect but, I will advice you increase in terms of work and financial goals meaning you no longer depend on just a job for survival or else there’s no level of plan that’ll be enough.

[Coyster]

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

It is difficult i must confess, inflation is sky high in my country, prices of food, energy, rent, etc is skyrocketing and wages remain the same, or get an inconsequential increase, it makes it difficult to live within your budget. That being said, what i do is after i get paid, instead of spending first and saving the rest, in which i always end up spending everything, what i do is i channel certain amount for savings/investing and the rest i must manage on myself and bills until the next payday.

[AmoreJaz]

There’s no better way handling funds rather than creating a budget, trying to exceed the budget is normal as always because I can relate. It’s more better even if compared to no proper management plans, a bad economy can result to poor spending while salary earners recieve less. No one is actually perfect but, I will advice you increase in terms of work and financial goals meaning you no longer depend on just a job for survival or else there’s no level of plan that’ll be enough.

Prioritize your basic needs over your wants. List down the necessary items that you need to allocate budget per month. As much as possible, set aside some savings.
You need to take care of your own budget because it would be very hard for you to look for funds when you badly need it.

There’s no better way handling funds rather than creating a budget, trying to exceed the budget is normal as always because I can relate. It’s more better even if compared to no proper management plans, a bad economy can result to poor spending while salary earners recieve less. No one is actually perfect but, I will advice you increase in terms of work and financial goals meaning you no longer depend on just a job for survival or else there’s no level of plan that’ll be enough.

With the current cost of living these days, one job is not enough, especially if you have other family members relying on you. Also, need to think of other ways how to reduce your expenses as the bills or expenses are getting expensive. Need to consider financial literacy to survive, otherwise, your family will suffer from it.

[enwi]

I have the same problem in controlling the budget, the problem is also in my country here that prices are unstable and constantly rising, so you have to adjust your budget all the time to match the price differences.

This will definitely be difficult because for now almost every country the increase in all fields such as food or other things will clearly make us always be required to think so that we can manage finances well from the income we have but in the end things like this cannot be used as a reason for us to complain and forget about it because after all we still have to survive and try our best so as not to be eroded and hassle in difficult conditions like this.

Changes always have to be made and of course last month's management may not be used for this month because of the increase that continues to occur this month and vice versa. Therefore, for now the key is from ourselves because after all we are the ones who are the focus for our self-change in order to improve or at least survive in this difficult economic condition. Maximizing as best as possible and minimizing expenses is one important factor that must be done so that the expenses we have are not greater than the income we get each month.

As it becomes even more challenging to come up with our international economic common solution, one of the possible solutions is how we can better take care of world’s personal economy. The raise in food prices and other utilities forces us to find the better way of creating our income in order to fulfil our living requirements. One of them is not complain about this situation, but use it to strengthen our strategy decision on the financial issue. The primary this that has to be achieved to maintain the balance is to learn to control the expenses, where they are high or have to be decreased to be in line with the income.

Furthermore, one should note that particular management activities performed last month may be quite ineffective now because of the fast economic fluctuations. Thus flexibility in the handling of cash flows is highly desirable. For instance, it is possible to save as much money as possible by avoiding unnecessary purchases and Expenses meant for basic needs can work. Thus, the economy can be survived with careful, rigorous budgeting that most often is still effective amidst such precarioas conditions for personal finance.

[Apocollapse]

This is a very good idea but the problem is that moving to these countries is also expensive. The increase in racist activities in these countries, especially Germany, is discouraging.

Racism happens in everywhere, even in the country where we born.

We see first world countries is more racist because they have a different culture, in third world countries people are warm and welcome due to inferior complexity, while in first world countries they're straightforward.

But is immigration to developed countries like Germany, Australia...as easy as you say? I think a lot of people in countries with double digit inflation rates want to leave their country and go to a more promising land, I believe everyone has thought of that idea. But not everyone has the opportunity because as far as I know, if you want to go abroad to work, it costs a lot of money, even illegal immigration costs a lot of your money, not to mention legal immigration. This is a solution but not for everyone.

When it comes to solutions, most people will give advice like finding extra income or taking high-paying jobs. But is everything as easy as we say? We advise others to do this and that to improve their financial situation, but have we succeeded and helped someone around us? Things are not as easy as we think, there are many solutions but they need to be suitable for each person and each situation.

WHV need $5,000 AUD which is $3,354 in USD https://www.gooverseas.com/blog/how-to-work-and-travel-australia-on-a-working-holiday-visa
Ausbildung need €959 which is $1,043 in USD https://www.make-it-in-germany.com/en/visa-residence/types/training

It's up to each other to know if they're possible or not to fulfill the requirement. Not everyone has the opportunity, but I'm sure many people have the opportunity, it just many people are scared to leave their comfortable zone.

Actually my solution is better than people who're just saying get extra jobs or open a business.

[ancafe]

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.

First, you must first recognize needs with wants because needs are not the same as wants, where we must have limits to buy. We will prioritize needs first to make the budget we have can be adjusted, most people have difficulty managing their finances because they do not know the priorities needed so they buy whatever they think they need. Whereas in an unstable economic stage we must be able to see expenses and income stably because if not, our lives will be much more messy.

Trying to live a more frugal life and spend on something important rather than buying something that is not needed. This method is considered much more effective in the current unstable economic conditions and you will save your budget for savings and investment needs because these two things are also quite important to implement..

[Marvell1]

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

I try to spend the minimum as possible on daily expenses, so I can save money for investments aiming long term returns.

Saving and cutting back on spending is what most people do when the economy is tough but I think we should balance our daily spending and other budgets. I mean, we shouldn't be so frugal that we ruin our health or affect our daily lives just to invest more. That is not necessarily true because the goal of investing is to help us improve our lives, so we should not let investing affect our current lives.
Also, in my opinion, instead of focusing too much on saving more than necessary, we should find ways to increase our income so that we can spend more comfortably.

I believe each person has to create his own recipe for success, so what works for me, might not work for another person. That is why we should be careful with online gurus (coaches) telling us they have access to the secret for success. They do this just to get money from us to get rich, because there isn't any secret recipe after all.

The important is to make your budget last for longer and to always think on new measures to increase it in a monthly basis. If you achieve doing so, you will inevitably thrive financially. Doesn't matter if you are going fast or slow, the important is to thrive in your own rhythm. Also, never compare yourself to another individuals. Remember the journey is individual and different for every person.

I completely agree with you on this, there is no formula or secret that can bring us all to success. Each person will need to find their own method and path to success, no two are the same. That's why I don't like it when many people like to teach others how to get rich, like to teach others to do this or that...while their finances and lives are not much better than others.

[iv4n]

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

I manage the budget based on priorities... I know what must be done, what is urgent, and what can be postponed. At the same time, I am trying to save every month so that I can do something more serious on the house that I have been investing in for years... which is very difficult with two young children and all the living expenses. Hopefully, I will be able to finish that in the next few years, and then the yard.

Fortunately, we have a lot of help from families, and I also depend a lot on loans... I borrow when I need more money for something, then I pay it back, and so on in a circle.

That's how it goes with most people, we manage as best we can, in the best way we know.

[Dr.Bitcoin_Strange]

If not for the fact that I do prepare my budget list which is spend accordingly, I wouldn't be able to save anything out of my salary but though during some weeks, I still exceed my budget limit and no matter how hard I try to spend base on my budget, it doesn't work. What I observe is that, if you have lots of family or relatives that depends  on you, it's going to be very difficult to spend  based on your budget.  What you have to do is, avoid showing off to family and relatives, don't go for unplanned outing or clubbing and don't allow friends pressure to influence your budget.

I totally agree with you mate it’s seriously difficult to actually manage one’s budget or finances if you have lots of hands feeding through you, you might be actually following up your own personal spending but a family member will just run Into a financial emergency or crisis and most at times you have to be the only family member to clear the emergency for them and yuh have no option, this is part of the reason why some people even when they get jobs they hardly get to safe anything talk more of budgeting themselves.

I have one rules for earners like this, do not by all means allow people to know amount your income generates because I notice something that people bill you base on how they think you earn so telling them you earn little reduces their billing.

As for budget one thing I say is if it is for savings and a very long term then I will say never leave it in liquid money but rather invest it into other things so the money doesn’t just get use when yuh want to

Like you said, most times when their needs arise, you might not have any but rather to help because if you don't, no body can and you can not withstand to see your family member drawn in the saddest sorrow meanwhile you had the resource to helped out.

It is good not to even show to your relatives or family that you have started earning or generating a significant income. Better to just lay low and only assist in a necessary situation.

Yes, investing in other assets is better than just keeping your money somewhere that you can easily access it.

[CageMabok]

There’s no better way handling funds rather than creating a budget, trying to exceed the budget is normal as always because I can relate. It’s more better even if compared to no proper management plans, a bad economy can result to poor spending while salary earners recieve less. No one is actually perfect but, I will advice you increase in terms of work and financial goals meaning you no longer depend on just a job for survival or else there’s no level of plan that’ll be enough.

People who already have income from their jobs every month must have a fairly mature plan in managing finances and in making routine expenses every month. Because when expenses become greater than income through their own salary, of course bad conditions will be easier to come to them because there is no money left for them. So budget planning should be more directed towards savings which in the end can also be used for other business capital and for better investment capital for ourselves.

[Jemzx00]

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.

If you have a steady income, it would be best to use that for your main budget and prioritize your basic needs based on how those income are coming. If you're being salary is being paid on a weekly basis, make sure that you'll have enough funds for your basic needs for the week and make to have emergency funds or excess funds in case price's change due to inflation.
Also, since you're already into crypto, make sure that utilize it for additional income stream that can be used for savings, investment and personal wants. With volatile the economy is and how inflation are raising prices, it's best to avoid making purchase that you don't necessarily need like buying latest phone if you still have a working one.