The usefulness of budget as a bitcoiner

[abhiseshakana]

Budgeting plays a huge part in everyone's life. It's not just about the money we have, but how we practice proper money management, especially if we’ve been working a regular job at a company for a long time.

It’s like a planner where we list down all the essential expenses and priorities for our family. Through this, we can see if the money coming in is enough or if it falls short, particularly if we have monthly bills to pay. That’s why it is truly important, especially so we can see if there is a surplus that we can allocate either to Bitcoin or other cryptocurrencies, depending, of course, on our own choice.

I've also started and implemented disciplined budgeting for almost five years now and actively participate in online financial planning training. From several of my mentors, I've learned that a budget should be humane (strict but still reasonable and not too exhausting to maintain consistently). It should be reviewed, updated, and upgraded regularly. To ensure every out-of-pocket expense doesn't feel like a disaster, we must set aside a post-saving fund within our budget. It's more structured if we have cash flow management, ensuring timely payments and even practicing delaying outflows within a safe corridor. We have precise timing for allocating money, and we can also separate our money according to its functional categorization.

With the tips and tricks above, in this VUCA situation, at least our hearts are safe and our minds remain sane, even if we sometimes enter survival mode.

[Female King]

Budgeting is important for all people, not just Bitcoin investors. Everybody needs to ensure that they can budget efficiently otherwise it could be easy to run into all kinds of problems. Too many people are negligent when it comes to their personal finances & affordability of running a specific lifestyle. It is not hard to work out how much you can spend on essentials & then obviously a desired budget to invest in order to hopefully increase wealth.  

This is true for use to grow financially we need to make plans and budget towards what we went, those who plan to own a house next year need to start making budget for it maybe 2 year ago by making saving for it, when there is no plans and budget it will be hard for one to achieve some things at the end of every year, there are people who don't grow yearly instead they draw backward this is as a result of improper planning and budgeting. After my secondary school am planing to go learn a skill and without budget i can't accomplished this so in that case i have been saving little for my self so that my target can be a dream come true.

[bounceback]

....

I've also started and implemented disciplined budgeting for almost five years now and actively participate in online financial planning training. From several of my mentors, I've learned that a budget should be humane (strict but still reasonable and not too exhausting to maintain consistently). It should be reviewed, updated, and upgraded regularly. To ensure every out-of-pocket expense doesn't feel like a disaster, we must set aside a post-saving fund within our budget. It's more structured if we have cash flow management, ensuring timely payments and even practicing delaying outflows within a safe corridor. We have precise timing for allocating money, and we can also separate our money according to its functional categorization.

With the tips and tricks above, in this VUCA situation, at least our hearts are safe and our minds remain sane, even if we sometimes enter survival mode.

Implementing financial management is much more important than the income we get, successful people are not those who have a large income but for those who can implement their financial management well then we can ensure that their lives will be successful, living a life with simple expenses now will certainly make our lives in old age without having to work hard anymore because we already have enough savings that we have collected in our youth, I have met several people with old age but still working and then I asked them why they still work and they answered that in their youth they lived a consumptive life without considering management of their finances so that they regret it in old age.

[Royal Cap]

Implementing financial management is much more important than the income we get, successful people are not those who have a large income but for those who can implement their financial management well then we can ensure that their lives will be successful, living a life with simple expenses now will certainly make our lives in old age without having to work hard anymore because we already have enough savings that we have collected in our youth, I have met several people with old age but still working and then I asked them why they still work and they answered that in their youth they lived a consumptive life without considering management of their finances so that they regret it in old age.

In my opinion, not only financial management, but also life choices are a big issue here. Some people work even after they are old because they enjoy their work or want to feel useful. Of course if you don't keep track of your expenses, it will be difficult later, that's true. But then again there are people who are always thinking about saving and can't enjoy the present, I think balance is the key. Live today and also think about the future, If you go to one side you will have regrets in any direction.   

[Cgrexp]

There is a need to set a budget especially when a person is involved in Bitcoin investment. Because when a person plans a budget, he can allocate money for various sectors that he needs. This facilitates how much money he will keep for his basic expenses, how much he will save or invest and how much he will keep for emergency funds. In this case, if an investor does not plan his budget, there is a possibility that the cost of basic needs will go to investment or the investment cost is likely to be spent on some other need, as a result of which later there is a shortage of money for basic expenses or a shortage of money for investment. In this case, when someone uses the money for his necessary expenses to invest, he may be forced to sell it later to meet those necessary expenses.

[wiss19]

There is a need to set a budget especially when a person is involved in Bitcoin investment. Because when a person plans a budget, he can allocate money for various sectors that he needs. This facilitates how much money he will keep for his basic expenses, how much he will save or invest and how much he will keep for emergency funds. In this case, if an investor does not plan his budget, there is a possibility that the cost of basic needs will go to investment or the investment cost is likely to be spent on some other need, as a result of which later there is a shortage of money for basic expenses or a shortage of money for investment. In this case, when someone uses the money for his necessary expenses to invest, he may be forced to sell it later to meet those necessary expenses.

Only wish people could do this because a few years of a terrible boring life could get you a wealthy life for the rest of your life and people do not have a trust on that. If you live for just 2-3 years where you only work and eat cheap food and do nothing else, have no other expense at all, just these, then you could save up to 50%+ of your salary. If you do that, then you will be able to put it all on bitcoin for the bear run we are about to have. After that, it's all up and profits and wealth for you.

[Jubilee58]

Budgeting can help a bitcoin investor in several way but firstly what is budget ,
A budget is a financial plan that help a person outlines projected income and expenses over a specific period. It helps individuals or organizations manage their finances, prioritize spending, and achieve financial goals. But when it comes down to the usefulness of budgeting as a bitcoiner
It can help to manage risk when investing ,so that a bitcoiner doesn't overextend himself. Budgeting also keeps  a bitcoiner disciplined about his or her finances, making sure a bitcoiner prioritize his  needs over his wants.
Plus, having a budget in place can help a bitcoiner  figure out how much he can afford to invest in Bitcoin, and when it's time  for him to diversify his  portfolio.
 By tracking  his expenses, a bitcoiner will definitely get a  better sense of his financial situation which makes it easier for an investor to make smart  investment decisions.

If you are interested in bitcoin, making your own budget is very necessary because it will enable you to keep some money aside for your bitcoin investment. There are those who want to invest in bitcoin but due to the problem of budgeting, they couldn't do it . There are methods that can enable an investor buy Bitcoin without much stress, and this method is dollar cost average (DCA). This method enable you to buy Bitcoin with ease. When you make your budget, money will be allocated to your area of interest and as a Bitcoin enthusiast, you allocate some amount of money to bitcoin. But when you make budget without allocating some to bitcoin, investing in bitcoin becomes very difficult for you.

Budgeting plays a crutical role, more especially when it comes to investing in bitcoin.

[Raflesia]

Implementing financial management is much more important than the income we get, successful people are not those who have a large income but for those who can implement their financial management well then we can ensure that their lives will be successful, living a life with simple expenses now will certainly make our lives in old age without having to work hard anymore because we already have enough savings that we have collected in our youth, I have met several people with old age but still working and then I asked them why they still work and they answered that in their youth they lived a consumptive life without considering management of their finances so that they regret it in old age.

In my opinion, not only financial management, but also life choices are a big issue here. Some people work even after they are old because they enjoy their work or want to feel useful. Of course if you don't keep track of your expenses, it will be difficult later, that's true. But then again there are people who are always thinking about saving and can't enjoy the present, I think balance is the key. Live today and also think about the future, If you go to one side you will have regrets in any direction.   

In some moments it may seem like an important part but sometimes chance, faith and other factors can change everything.

The fact is that today when it comes to finances and investments, most of those who are still at the lower economic standards do not really think about it because the assumption is how they get rich quickly so instead of waiting for a long time to invest they are busy looking for other options, especially for gambling problems. In addition, their thoughts are sometimes more focused on how they live tomorrow which is always a benchmark because they are aware that to live alone they are quite difficult to support the food that must be fulfilled which makes them unable to think further let alone investment which is still very difficult for some of us to do because of economic barriers.

[mamesso]

Budgeting is important for all people, not just Bitcoin investors. Everybody needs to ensure that they can budget efficiently otherwise it could be easy to run into all kinds of problems. Too many people are negligent when it comes to their personal finances & affordability of running a specific lifestyle. It is not hard to work out how much you can spend on essentials & then obviously a desired budget to invest in order to hopefully increase wealth.  

This is true for use to grow financially we need to make plans and budget towards what we went, those who plan to own a house next year need to start making budget for it maybe 2 year ago by making saving for it, when there is no plans and budget it will be hard for one to achieve some things at the end of every year, there are people who don't grow yearly instead they draw backward this is as a result of improper planning and budgeting. After my secondary school am planing to go learn a skill and without budget i can't accomplished this so in that case i have been saving little for my self so that my target can be a dream come true.

Budgeting is one of the keys to achieving future financial goals and can help in making smart investment decisions. When someone is able to manage their finances effectively (have a budget) they can prioritize desired needs, manage risks, and make wiser investment decisions. Budgeting is very important, especially for Bitcoin investors, because it will make them more disciplined in managing their finances, can prioritize needs over wants, and helps them manage risks and not be too burdened by the amount of money invested. When they understand their financial situation wisely, it will make it easier for them to make decisions.

[bubilas]

Budgeting can help a bitcoin investor in several way but firstly what is budget ,
A budget is a financial plan that help a person outlines projected income and expenses over a specific period. It helps individuals or organizations manage their finances, prioritize spending, and achieve financial goals. But when it comes down to the usefulness of budgeting as a bitcoiner
It can help to manage risk when investing ,so that a bitcoiner doesn't overextend himself. Budgeting also keeps  a bitcoiner disciplined about his or her finances, making sure a bitcoiner prioritize his  needs over his wants.
Plus, having a budget in place can help a bitcoiner  figure out how much he can afford to invest in Bitcoin, and when it's time  for him to diversify his  portfolio.
 By tracking  his expenses, a bitcoiner will definitely get a  better sense of his financial situation which makes it easier for an investor to make smart  investment decisions.

Budgeting is important for everyone, not just Bitcoiners. It's crucial to be financially prudent and be acutely aware of how much you spend on immediate needs. This is important, but for some reason, everyone only knows how much they earn and brags about it. How many can boast of spending small amounts? I'm not talking about frantic savings, buying cheap, low-quality items and food that will lead to big expenses in the future. I mean that everyone should spend according to their income. No pointless credit cards or buying things they won't need tomorrow.

And for Bitcoiners, budgeting is doubly important, because they have spare cash and can set it aside to accumulate Bitcoin.

[imthegreat]

And for Bitcoiners, budgeting is doubly important, because they have spare cash and can set it aside to accumulate Bitcoin.

Indeed, a cryptocurrency investor is someone who, with $100 today, can turn it into $1,000 after a few successful years. This is a remarkable skill, lacking in those who are financially illiterate and don't understand how investing impacts their lives and live paycheck to paycheck. But I'm only talking about sensible investors like Bitcoiners, not those who buy meme coins at their lowest price or do the same with dubious altcoins.
Only Bitcoin has matured in terms of investing and trading, because everyone knows it will definitely reach new highs in the future.

[Doll2233]

And for Bitcoiners, budgeting is doubly important, because they have spare cash and can set it aside to accumulate Bitcoin.

Indeed, a cryptocurrency investor is someone who, with $100 today, can turn it into $1,000 after a few successful years. This is a remarkable skill, lacking in those who are financially illiterate and don't understand how investing impacts their lives and live paycheck to paycheck. But I'm only talking about sensible investors like Bitcoiners, not those who buy meme coins at their lowest price or do the same with dubious altcoins.
Only Bitcoin has matured in terms of investing and trading, because everyone knows it will definitely reach new highs in the future.

I you have a investment and you are working hard in your job and you want to make more wealth then Bitcoin is made for you and you can sell it at any time and you have to not go to any place to sell that . Your should diversify your money because if you will invest in other things you will not get returns like that . BTC is best for the people have money and they want to invest for 2 years and they don't need that money because they are doing job and they will meet the expenses very easily. If you will know the Blockchain then you will be impressed by that because that is best for all people. If you will Invest in real estate that will not good for you because real estate is going down and you will lose your money and all things will be costly at that time . Bitcoin is best but you should learn about Investment on that.

[peter0425]

And for Bitcoiners, budgeting is doubly important, because they have spare cash and can set it aside to accumulate Bitcoin.

Indeed, a cryptocurrency investor is someone who, with $100 today, can turn it into $1,000 after a few successful years. This is a remarkable skill, lacking in those who are financially illiterate and don't understand how investing impacts their lives and live paycheck to paycheck. But I'm only talking about sensible investors like Bitcoiners, not those who buy meme coins at their lowest price or do the same with dubious altcoins.
Only Bitcoin has matured in terms of investing and trading, because everyone knows it will definitely reach new highs in the future.

Bitcoin is one of the least risky investment out there. Yes there’s still risk but significantly lower than that of others especially considering how your $100 can turn into $1000 in a few years. It might be slow for others but we need to consider that this at least is less risky.

[Fortify]

Budgeting can help a bitcoin investor in several way but firstly what is budget ,
A budget is a financial plan that help a person outlines projected income and expenses over a specific period. It helps individuals or organizations manage their finances, prioritize spending, and achieve financial goals. But when it comes down to the usefulness of budgeting as a bitcoiner
It can help to manage risk when investing ,so that a bitcoiner doesn't overextend himself. Budgeting also keeps  a bitcoiner disciplined about his or her finances, making sure a bitcoiner prioritize his  needs over his wants.
Plus, having a budget in place can help a bitcoiner  figure out how much he can afford to invest in Bitcoin, and when it's time  for him to diversify his  portfolio.
 By tracking  his expenses, a bitcoiner will definitely get a  better sense of his financial situation which makes it easier for an investor to make smart  investment decisions.

Every adult should have a budget regardless of whether they are a bitcoiner or not. It tells you all kinds of things and helps bring stability to your future, which generally brings quite a calming effect. You must understand your income and outgoings before you can formulate any sort of plan. It will define where you can afford to live, your clothes, your food, your energy bills and any fun extras that you might consider an essential. Compared against your income of any kind - salary, side hustle, pension, inheritance, etc. it will tell you what is possible in life. You can live on a shoestring budget and not need a massive income, but if they are not balanced then things are likely to go downhill eventually.

[michellee]

Before deciding to use the money from our income, we set a budget and gives that to all portion needs we have. We can listed our needs and spread the money to all of that so we know how much money we have that we can use to invest in Bitcoin. Without budgeting, we may lose controls the use of the money and may just wasting the money. With budgeting, we will be discipline to our financial and follow our plan without trouble. We will only use money we can afford to invests in Bitcoin so we will not risks too much. We realize that we have needs to be filled so that is our priority while we prepares our future with Bitcoin investment.

[Cgrexp]

Budgeting is important for all people, not just Bitcoin investors. Everybody needs to ensure that they can budget efficiently otherwise it could be easy to run into all kinds of problems. Too many people are negligent when it comes to their personal finances & affordability of running a specific lifestyle. It is not hard to work out how much you can spend on essentials & then obviously a desired budget to invest in order to hopefully increase wealth.  

This is true for use to grow financially we need to make plans and budget towards what we went, those who plan to own a house next year need to start making budget for it maybe 2 year ago by making saving for it, when there is no plans and budget it will be hard for one to achieve some things at the end of every year, there are people who don't grow yearly instead they draw backward this is as a result of improper planning and budgeting. After my secondary school am planing to go learn a skill and without budget i can't accomplished this so in that case i have been saving little for my self so that my target can be a dream come true.

No one can achieve financial progress in a day, it requires goals, planning and discipline. When someone has a goal like building a house, starting a business or investing, they can take steps to achieve this goal only when they have a budget because if there is no budget, the goal remains limited to imagination. So planning and small steps can gradually lead you to success. As you said, it is reasonable to create a budget for building a house two years in advance, because building a house requires a large amount of money, in which case it is stressful to raise money in a short time, so it is better to save gradually in advance. Apart from that, budget planning is needed in every aspect of life because planning is the basis of long-term financial progress.