Trusting your budget in times like this.

[Free Market Capitalist]

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...

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

This should not be a problem as long as you have enough left over on other spending concept and can “transfer it”. I put that in quotes because you won't actually be transferring any money but that's how budgets work in a lot of institutions. Let's say you have budgeted $300 in a month for clothing and $300 for entertainment (dining out, drinks, etc.). If you spend $400 on clothing that month it's okay if you make up for it by spending less on entertainment, you'll have a maximum of $200.

The key to making this not a problem is to earn more. Budgeting is all very well and trying to save is also good but once you get into the habit of budgeting, even if imperfectly, if you find a way to increase your income everything will be easier.

[Oluwa-btc]

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.

Mmm setting budget is kind of a huge decision I must say cause after you must have done that following the process is another aspect and if your the type that spends lavishly you ought to follow your budget plans very well because it helps you but some people will still go as far as taking or doing more than what they budgetted. For me when I set a budget plan especially on my spendings I take full control of it in the Sense that if any unbudgeted wants come I back it off, and it's good to keep up this cause it helps in the long run I know from experience and it's not about the country's economy crisis, you can still set up a budget and follow it.

[m2017]

First of all, in a situation like this, you need to have more than one source of income, so that you can meet up your budget and other necessary expenses. However, if you have made your budget, you should be able to maintain it because it can help you not to spend unnecessarily.

In order to have more than one source of income, you need to have several skills or abilities. I don't think this (having several skills or abilities that can be monetized) is a problem, because most people have different hobbies or interests that could allow them to open up new sources of income. At the very least, you can earn money in such areas of activity that arose from a hobby or simply teach what you learned from a hobby.

If expenses go beyond the planned budget, then you need to reduce these expenses by optimizing expenses, and you should always have a reserve fund for unforeseen expenses. But as I suppose, everyone already knows this.

[justdimin]

The present economic situation in most countries around the world is not in the best state for anyone to keep losing money and spending money without a budget or decipline this is very important and to stay ahead of that we need to check truly our income and spending channals and at this point, it is wise enough to spend less and earn more, this way you have enough cash flow to meet up with the hitting inflation.

One of such habits that one need to also stop is the habit of either consuming more than you generate and also gambling too much without budget or a bankroll function in place to guide your spending.

To be fair in most cases in many nations people can't budget their income neither. I see plenty of people trying to live off salaries that are not enough at all, even my fellow citizens that I see everyday, making so small amount of money that they are not really making any profit at all and can't put any money aside because they are making very small amount of money right now, they are making debt every single month and I do not know what happens afterwards, because there is no way for them to pay their debt neither.

This is why overall debt increase four times since covid in my nation, people have huge debts these days and there are no ways of paying it back neither. So, I have no clue how they could even save money on top of that. There are smaller percentage of people who could save money and for those people who can budget and put some money aside, bitcoin is a great deal and they could definitely put some money aside and get better results.

[N.O]

You can start by staying positive and reviewing your spending and habits.
I don't know which country you are in, but right now, inflation and income inequality are happening all over the world.
The best things you can do for yourself are to aim to earn a good income. To quit your bad habits.
To think about your economy holistically. Make deductions and organize your economy, and observe your spending in between.

I wish you good luck.

The present economic situation in most countries around the world is not in the best state for anyone to keep losing money and spending money without a budget or decipline this is very important and to stay ahead of that we need to check truly our income and spending channals and at this point, it is wise enough to spend less and earn more, this way you have enough cash flow to meet up with the hitting inflation.

One of such habits that one need to also stop is the habit of either consuming more than you generate and also gambling too much without budget or a bankroll function in place to guide your spending.

Economy is very important for every country of the world but before this every person of the country should be educate about Economy and it's impact. Our education system is producing so called educated people which are not doing for the economy.  They want only jobs and they want safe life and no one is thinking critical and that is the reason behind unsuccess of every country. If people will be educate then they will make sheet of income and expenses and they will emit useless changes and they will focus on only necessary things for the family and country. Powerful countries are powerful durme to their mind power.

[michellee]

I am trying to manage my budge based on the monthly expenses and I am still allocate some money for saving and investment. I admitted that we must have more than one source of income so we can put that money in the right place and we don't have to get a financial problem. But if you can not get more source of income, you need to very strict with your expenses and only buy the thing that you really needs. I have experienced that where I don't buy things that I don't need and only use the money to buy foods and other primary things. I am glad that I can save some little amount and also have my Bitcoin investment while I have some cash for an urgent situation.

[Wakate]

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.

Mmm setting budget is kind of a huge decision I must say cause after you must have done that following the process is another aspect and if your the type that spends lavishly you ought to follow your budget plans very well because it helps you but some people will still go as far as taking or doing more than what they budgetted. For me when I set a budget plan especially on my spendings I take full control of it in the Sense that if any unbudgeted wants come I back it off, and it's good to keep up this cause it helps in the long run I know from experience and it's not about the country's economy crisis, you can still set up a budget and follow it.

Having a good budget is the best way to survive in this economy mealt down that is affecting different regions of the world. People are complaining that salaries are no longer paying well and the money is not enough to foot the family bills. Now, workers have to work extra hours, jumping from one particular work to the other to make sure that they could earn some extra money to use to take care of the family bills. Things are before expensive, even the children school fees are increasing due to the high cost of living but the major source of the income is never This is why we need a good budget to make plans because before you even go for what you want to buy, the price would have skyrocket.

[Rockstarguy]

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.

Mmm setting budget is kind of a huge decision I must say cause after you must have done that following the process is another aspect and if your the type that spends lavishly you ought to follow your budget plans very well because it helps you but some people will still go as far as taking or doing more than what they budgetted. For me when I set a budget plan especially on my spendings I take full control of it in the Sense that if any unbudgeted wants come I back it off, and it's good to keep up this cause it helps in the long run I know from experience and it's not about the country's economy crisis, you can still set up a budget and follow it.

It takes one to be very  discipline to stick to a budget. Sometimes after making a budget their are some things that one would still need but when one is discipline to the budget at hand they will just hold on to it and put other needs to the next budget. I think it is important to master the act to a budget no matter what and this can only be done if one is discipline. When it is difficult to stick to a budget it is very easy to run out from money.  Budgeting means good money management and it makes one on how to be conscious in spending money and on things that are very important.

[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.

Mmm setting budget is kind of a huge decision I must say cause after you must have done that following the process is another aspect and if your the type that spends lavishly you ought to follow your budget plans very well because it helps you but some people will still go as far as taking or doing more than what they budgetted. For me when I set a budget plan especially on my spendings I take full control of it in the Sense that if any unbudgeted wants come I back it off, and it's good to keep up this cause it helps in the long run I know from experience and it's not about the country's economy crisis, you can still set up a budget and follow it.

It takes one to be very  discipline to stick to a budget. Sometimes after making a budget their are some things that one would still need but when one is discipline to the budget at hand they will just hold on to it and put other needs to the next budget. I think it is important to master the act to a budget no matter what and this can only be done if one is discipline. When it is difficult to stick to a budget it is very easy to run out from money.  Budgeting means good money management and it makes one on how to be conscious in spending money and on things that are very important.

You would really be needing up to sustain if you would really be liking to be able to stick into budget. We do know that when it comes into this aspect then it would really be just that too damn hard on doing so.
If you wont really be that having that control or discipline then you would realy be still ending up on having some issues when it comes to budgeting. Who wouldnt really be making out some adjustments if you do look yourself having some budget issue due to lack of earning from your day job and you do have tons of priorities? Of course you would really be putting up priorities into those things on which you do saw that
it is far more important than on the other on which this is really just that common sense. You would really be needing to budget so that you would really be able to survive on the next days of living.

For those who do able to save up are the ones who would really be able to survive but if you do have reach out that situation on which you are finaicially free then budgeting would be still relevant
because spending up money is really just that easy or simple, without budgeting then you would be might still experiencing some financial problems.

[Fortify]

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.

You have to keep thinking independently of what everyone else is doing and evolve your planning strategy constantly. You should never rely on having one fixed source of income because your job could disappear tomorrow and if you have multiple sources of income you can either 1) give yourself a backup plan or 2) enable yourself to reach financial freedom much earlier than other people might. You have to be aware that every economy goes through a boom and bust cycle, so you need to make the most of the good times while they are available and ideally scale up your employment prospects during that time. Never stop moving or you might find someone else stepping in to your shoes.

[doomloop]

The easiest way is to work out what your bills are, add 10% to that sum & then you can spend whatever remains from your salary on things you enjoy. It’s probably a good idea to have an emergency fund too.

I think this sounds like identifying them but who wouldn't be when they are strictly asking for our money regularly? And we are aware of what we are using in our household which counts as a bill, unless only if you are not in charge with the bills and you are only giving a money to someone else to pay for it.

Bills must be on their all-time highs already and people are already complaining about it, so it's crazy if you will suggest of adding more to it like  10 percent. Maybe it looks small to you but I think 10 percent can already go a long way if use in something else more important. It's also important to save and invest, so spending all what is left in our salary is not good.

[ancafe]

You have to keep thinking independently of what everyone else is doing and evolve your planning strategy constantly. You should never rely on having one fixed source of income because your job could disappear tomorrow and if you have multiple sources of income you can either 1) give yourself a backup plan or 2) enable yourself to reach financial freedom much earlier than other people might. You have to be aware that every economy goes through a boom and bust cycle, so you need to make the most of the good times while they are available and ideally scale up your employment prospects during that time. Never stop moving or you might find someone else stepping in to your shoes.

The more sources of income the better because we never predict how steady jobs will be tomorrow. The mindset of the rich will always be thinking about how to make a lot of money and they make coordinated plans to achieve it. It takes planning as you said because life without a plan will never work and how we can increase our interest in continuing to obtain things in a much better way.

Relying on one source of income will not give you the opportunity to reach the maximum level of freedom. Humans always think about how to earn and stop at a certain point and not moving will only slow down the successful life we ​​want.

[Republikcoin.com]

The more sources of income the better because we never predict how steady jobs will be tomorrow. The mindset of the rich will always be thinking about how to make a lot of money and they make coordinated plans to achieve it. It takes planning as you said because life without a plan will never work and how we can increase our interest in continuing to obtain things in a much better way.

Rich people who are already smart and those who come from poor families will certainly always have a plan to increase their wealth by continuing to find more money with the capital they currently have. So rich people who still have the spirit to work will continue to move with their wise plans and they will not care about people who still complain for various reasons. And from what you said, I think it is also true because everyone clearly cannot guarantee the level of stability of their income for the future so whatever can be done and it can make money, it will be very good to continue to do it without any indication or thought of stopping.

[Synchronice]

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 low income and that is barely enough for basic needs, then believe me, there is nothing wrong with you exceeding the budget. Your problem in this case is the low income and you have to work on improving it, by acquiring a new skill or by changing a work or you have to do something to grow it. There are many options, everything depends on you and your abilities.
If you have a good income but still exceed your budget, then you have to ask yourself what unnecessary things you buy. Maybe you should go to clubs less frequently, maybe you shouldn't eat at restaurants regularly, maybe you should buy a meat from supermarket instead of a butcher.
Overall, if you spend much on food, my advice to you is to never go shopping when you are hungry because this is the moment when we buy many junk food that's bad for our health and our budget too.

[Etranger]

The key to making this not a problem is to earn more. Budgeting is all very well and trying to save is also good but once you get into the habit of budgeting, even if imperfectly, if you find a way to increase your income everything will be easier.

Simply earning more is unlikely to solve the problem. Certain conditions must be met, where a higher income actually helps avoid the problem of excessive spending.

Firstly, the increase in income must significantly outpace the increase in spending. Because if this happens gradually, spending increases proportionally, and in the end, the situation hardly changes. Therefore, income growth must be abrupt, so noticeable that spending cannot quickly catch up with it.

Secondly, even if the first step is implemented, without controlling irrational desires caused by social pressure — the constant feeling that something must be bought — the problem will not be solved, no matter how much a person earns. It is necessary to analyze where money is spent besides essential needs. And understand what is a personal desire and what is imposed from the outside. These externally imposed categories should be limited as much as possible.

[fuguebtc]

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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.

Sounds great, right? But have you actually experienced it in real life? Because in my country and through some people I know, it costs at least 15k-20k dollars/person, not as cheap as you mentioned.

If it only costs 1-3 thousand dollars, maybe all the people in my country will choose to immigrate to Germany or any other developed country to work. 

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

But I completely agree with you, your solution is at least more practical than many other pieces of advice. I don't understand why some people keep repeating advice that everyone knows and has thought of, even a child could think of that solution if we asked him. Or to put it bluntly, most of them don't have any viable solutions, and even they are still struggling to find solutions for themselves, let alone offer solutions to others.
Earning money and meeting daily needs is not an easy task these days, let alone teaching others how to get rich.

[Bloodseekers]

The more sources of income the better because we never predict how steady jobs will be tomorrow. The mindset of the rich will always be thinking about how to make a lot of money and they make coordinated plans to achieve it. It takes planning as you said because life without a plan will never work and how we can increase our interest in continuing to obtain things in a much better way.

Rich people who are already smart and those who come from poor families will certainly always have a plan to increase their wealth by continuing to find more money with the capital they currently have. So rich people who still have the spirit to work will continue to move with their wise plans and they will not care about people who still complain for various reasons. And from what you said, I think it is also true because everyone clearly cannot guarantee the level of stability of their income for the future so whatever can be done and it can make money, it will be very good to continue to do it without any indication or thought of stopping.

Everyone will certainly always think about how to continue to increase their wealth and also prepare their future to be better than now and with the knowledge they have it will certainly make it very easy for them to collect their wealth over time, having a spirit to work is very important for anyone who wants to increase their wealth and it is very unlikely that those who like to complain will have good ideas to be able to make them continue to develop to be better than now.

And because we cannot guarantee what we will face in the future, it would be better if from now on we continue to work and earn money so that we can always be ready to face any situation that may possibly occur in the future.

[jaberwock]

You would really be needing up to sustain if you would really be liking to be able to stick into budget. We do know that when it comes into this aspect then it would really be just that too damn hard on doing so.
If you wont really be that having that control or discipline then you would realy be still ending up on having some issues when it comes to budgeting. Who wouldnt really be making out some adjustments if you do look yourself having some budget issue due to lack of earning from your day job and you do have tons of priorities? Of course you would really be putting up priorities into those things on which you do saw that
it is far more important than on the other on which this is really just that common sense. You would really be needing to budget so that you would really be able to survive on the next days of living.

For those who do able to save up are the ones who would really be able to survive but if you do have reach out that situation on which you are finaicially free then budgeting would be still relevant
because spending up money is really just that easy or simple, without budgeting then you would be might still experiencing some financial problems.

Yeah, but if it is about sustaining (the financial way) then I think that can contradict to our goals. We need to resist it first if we want to succeed. It's not going to be easy at first but as long as the consistency is there, I know we can get the hang out of it soon. There are still or really people who are like that, that will just choose to go with the flow even though they know that they are struggling on this issue/matter.

Maybe some did try to fix it but it's just that they aren't only consistent or they lack on some key items to be successful on this. For those who think they are already financially free, indeed that it is still necessary because we can't tell what happens next or in the future and a lot of people who are like these have actually regretting because they got very confident to not care when it comes to these matters.

[Koadharber]

The key to making this not a problem is to earn more. Budgeting is all very well and trying to save is also good but once you get into the habit of budgeting, even if imperfectly, if you find a way to increase your income everything will be easier.

Simply earning more is unlikely to solve the problem. Certain conditions must be met, where a higher income actually helps avoid the problem of excessive spending.

Firstly, the increase in income must significantly outpace the increase in spending. Because if this happens gradually, spending increases proportionally, and in the end, the situation hardly changes. Therefore, income growth must be abrupt, so noticeable that spending cannot quickly catch up with it.

Secondly, even if the first step is implemented, without controlling irrational desires caused by social pressure — the constant feeling that something must be bought — the problem will not be solved, no matter how much a person earns. It is necessary to analyze where money is spent besides essential needs. And understand what is a personal desire and what is imposed from the outside. These externally imposed categories should be limited as much as possible.

But the main issue on here is that whenever a certain individual do able to hit or reach up that condition on which they've been able to have that success in life or able to succeed on increasing their income,
they would really be also having that increased expenses as well because they've been able to upgrade their way of living on which expenses is way more than on what they do have in the past.

I could really be able to attest such condition yet on which this did really happen to me and pretty sure it do really happen to tons of people. This is where you would really be needing to think up
crucially and make up some realizations that you should really be making out some adjustments and also there are things on which you would really be needing up to retain.
Stick with your previous budgeting despite on having that upgraded or improved source of income on which this could be leading into more progressive life.

[Wiwo]

Economy is very important for every country of the world but before this every person of the country should be educate about Economy and it's impact. Our education system is producing so called educated people which are not doing for the economy.  They want only jobs and they want safe life and no one is thinking critical and that is the reason behind unsuccess of every country. If people will be educate then they will make sheet of income and expenses and they will emit useless changes and they will focus on only necessary things for the family and country. Powerful countries are powerful durme to their mind power.

Education is very important for economic growth be it at individual level and societal level or government because is through that economic and economic management knowledge that one an properly guide himself through the various stage of economic challenges that present itself at all time, and by so doing one will be able to build a solid financial background that will help us as individuals or as a government.

For a government with good and expert economic policy, the system will always reflect that state f expert planning and execution Of those economic policy, which will reflect on the daily activities of the citizens at large, so to have a stable financial life, one need economic power and education at the same time.