Is there any possibility of saving money when handling a project?

[Prosofina_G]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

[peter0425]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

This is why people save up first before starting a project whatever that may be. I am sure some people get it done and it is really possible for them. But you have to expect that if you were to start a project whether that is to build a house or start a business, you will be spending money and you will be spending a lot. So do not underestimate how much you will be spending. Make sure you have enough for the project and for everyday expenses.

[bitLeap]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

Choose one of them and focus on ensuring that your cash flow is stable every month so that you can consistently set aside a few percent. Don't rush to take both because if your income stalls halfway, you will be confused. Try to make a comparison first, and once you have a strong foundation, then decide between saving or investing.

[lovesmayfamilis]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

A man must work, work hard. If he can't work mentally, he must work physically. A man's project must be meticulously researched, with a rough estimate of the costs and necessary items that will inevitably arise during its implementation. You, OP, haven't even clearly defined what you want; we can only guess that you're interested in building a house or a new oil refinery (as one user recently planned).
All you need is money! If you want a quality product, then saving is out of the question. First, you create, then you sell. If you create junk, you can skimp on everything. However, don't even dream of making a profit.

[Perfectbaby]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

Yes it's possible for that to happen in a sense that you have your savings account and you received salary weekly or monthly and not just from a single stream rather multiple streams. You could channels your income to how you have decide it should go, let say you are earning $5k in total maybe from your different jobs and you could like send $2k to your project, $1k to savings while another $1k to your investment and the remaining $1k serving you as an emergency funds or cushion fund which could be used up at any given time so that you wouldn't be that in a hurry to go borrow or even suspend your project for any reason or even to alter your investment, with that emergency funds left with you it could be managed till when next another income comes to continue your project and split them as usual.

[Dunamisx]

I have just been thinking how can a man save money and equally embanking on a project?

Having a project at hand is so important as it financial demands, because it will require for a perpetual funding, when we have something to do like such a project, to save up becomes a difficult task to do because the income flow we may be having will be channeled towards the ongoing project, this makes it then very necessary that we took time to understand why we should equally save up before embarking on a project.

[IjawMan]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

Projects are not done without  prior plan plans that occasionally will have taken long process to design and in the plan money is the principal element that 70% must have been on ground for the project execution. Working on a project comes after you have made savings to it and not conversely cause that is where the impossible is.

Where your savings are exhausting you can take a  loan to complete the house building project. Bank loans are not paid immediately, you will be provided a timeframe before you will have to begin payment down to the interest. By then you have a house of yours and you can systematically complete your loan payments.

A mistake that people make is going for a house project size that is above their pay cheque and what their savings can cover. In the moment you miss on cutting your coat according to your size you suffer financial crisis.

[_act_]

It depends on the amount of money that you have.  Some people will have no option than to even borrow money to be able to complete the project. But some people can give investors offers that can entice them to invest and they will invest money on the project. People have different approaches towards having a successful project.

Another thing is that some people do not believe in saving fiat but they use the fiat for business instead. Building a project is also a business.

[EluguHcman]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

Obviously I can not pretend like I don't get your point. But it all lyes on the persons income and the value of the project (s).
Eventually you have not been able to afford your essential needs you can not be affordable to achieve something better in the same earning rate and expenses because your project funds are equally such as the discretionary funds we talks about in the Crypto investment.
While we can still meet other needs without being miscalculated on wrong plans so as to curb unnecessary expenses that may end us regrets of not actualizing our goals as a result of embarking on projects that our incomes can not afford.

[Wapfika]

Building a project means you will keep spending your hard earned money while having a job will be impossible or hard to do at the same time therefore making a saving when you are spending is not easy but possible if your project has separate budget allocated on it while you still generate passive income from investment or other business.

This is why preparing your finances is a must before you do a commitment on building a project because it’s time consuming and at the same time cost a lot of money that sometimes makes you extend your budget due to unforeseen expenses.

[Rockson1]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

You don't just start a project when you have not saved to some extent or enough, if you want to startup a project, is not something you just wake up to do, even rich or very wealthy people won't make such mistakes because they understand that even though such project is an investment, they will have to get done with it before they will start profiting from, they also know how long it will take them to start profiting from such, so they plan ahead of time so that they can face other things as the project is going on, the smart move is have enough savings before building so that you won't get disturbed if you want to save while the project is on.

[Hewlet]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

taking care of a building project is something that is finance demanding and so, it becomes hard to embark on that kind of project while carrying out other projects like savings. savings on it own is a project that is as unique as starting up a building project because each of them entails that you commit fully to it if you hope to get reward for engaging in them. going back to the question, is it possible to save money while handling a project particularly a building project? the answer is yes but then, another question then comes up which is that, is it easy to do both at a time, and for that, it is an emphatic NO.

[Free Market Capitalist]

I have just been thinking how can a man save money and equally embanking on a project?

It seems to me that either you have no experience in this or you are making it up. As others have said, the most logical thing to do is to save up before starting the “project,” and I put that in quotation marks because starting a tech startup is not the same as opening a restaurant. When your project starts up, you'll need to aim for positive cash flow, which isn't necessary in the early years and depends on the project, but it's not a question of whether it's possible or not, it's that if you don't, the project won't survive. Give us more details and we'll see.

[Umulala-alala]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

You can be running your project and still be saving up money for the raining days i believe before people start any projects there have been plans and save for it, there must be as source of income before a project can be established people plan for project from their source of wealth and the project will also be established as another means of earning money if the project is base on what will generate income, if you eventually begin a project without any source of income the project might go half way without getting completed so you can be on a project and still save for tomorrow this is possible.

[liasbaa]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

At the beginning of my earning life, I thought like you because my income was very low at that time. I could never think of saving money. The daily basic needs would push me from behind and I would fall again and again but I got up again and tried to increase the speed of earning. The accumulation project should be started in such a way that after you fulfill the basic needs, it teaches you to think differently like investing. I got up again to accumulate Bitcoin and built a dam so that the waves could not come and damage my investment. The need for this dam to protect the investment is immense and you need to understand its importance and build this dam of emergency fund. With the aim of holding Bitcoin for the long term.

[mindrust]

Banking a project? A business? If your savings or/and monthly income are not big enough to manage/build it smoothly of course you’ll have problems financially. It is all about math. If your current income is not enough to handle the project you currently have in your hands then you either should manage a smaller project or increase your monthly income. It is as simple as that. There isn’t a magical solution to what you are describing and you are not the only one who experiences this problem. Lots of people manage multiple projects and still live like a king because their projects print munney. It is because those projects were structured correctly by their designer. One step at a time. Learn to walk before trying to run. Then you can fly, to the meeewn

[JoyceBTC]

I believe before one decides to build a house, the person must have already gathered a particular amount down for the project. So with the money you have, you can start your project and still be saving with extra income you get, but atimes due to cost of inflation of things in the country, there might be need for extra cash for the building and you take from the money you are trying to save but that doesn’t mean you won’t have any savings again because you mustn’t build up the house completely immediately. But before you start your project you must have already saved a reasonable amount before thinking of starting it.

[Jawhead999]

That's why it's important to have a calculation about the cost to build the business, expected profit per month, break even point and knowing the business you create, whether it's just for quick profit or long term prospect.

Which mean, you need to have a lot savings in the first place, not use the whole of your money to build a business.

If you haven't reach that point, then work first.

[Shadiq]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

It is possible with proper planning. But make sure that you have enough money to start the construction of the project and your source of income is intact. If you do not have enough money to complete the project and you run out of money midway through the project, it will be difficult for you to manage a project and save money at the same time. It is not clear what type of project you are talking about. The answer may vary depending on the project. However, you must have sufficient cash flow for any project.It is possible with proper planning. But make sure that you have enough money to start the construction of the project and your source of income is intact. If you do not have enough money to complete the project and you run out of money midway through the project, it will be difficult for you to manage a project and save money at the same time. It is not clear what type of project you are talking about. The answer may vary depending on the project. However, you must have sufficient cash flow for any project.

[Fiatless]

I have just been thinking how can a man save money and equally embanking on a project? This has been a serious issues among men, I am of the opinion that it is not possible building and saving money at the same time, because if you are building it becomes a priority to you all your thinking and thought should definitely be there, if you have money anywhere you can not think of saving while your building, at least one thing to another.

It is better to have a budget of how much a project will cost and make funds available.  You could save an amount that is enough to embark on and finish the project, or you could allocate part of your income to it either monthly or weekly.

If you don't have enough to save and also engage in a project, then you should do a scale of preference.  Arrange your needs based on level of importance and choose the most pressing one. If building a house is more important because your family needs it, focus on it until you finish it. Don't overburden yourself to avoid health issues.