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

[yhiaali3]

In fact, your idea is fundamentally alien. Personally, I have never, and will never, consider saving money while building or working on a project. These are two completely contradictory things.

Construction time is a time for spending, not saving. You must have saved the money needed for the construction or project well in advance of starting construction. Therefore, it makes no sense to save during construction. You must complete all your work, and then you can build as you wish.

[Findingnemo]

When you call it a project then it must come with an estimated cost for the completion or if you are talking about startup ideas then an estimated capital, one can start doing all the research while he is working and also save the money upfront atleast some part because once you started to pursue then it comes with own challenges when you can't afford to have lack of capital as one of the challenge or it can collapse the whole structure even if it has the potential to become one, so be smart and step by step is the right way to make it.

[rachael9385]

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.

First of all, you can't do both. So let's say that you want to start up a building project, it's going to cost you money and this might take from the ones you have saved. You are right, it doesn't matter what project you are embarking it's not possible to save money. Personally what i do is to save up until when i have enough to start up. It's not even logical to save when you have an important project you are starting up

[Agbamoni]

First rule is know your priority at all times. If you are saving for something, pause any other thing and focus on that. And if you have a project at hand, focus on it, until you are done with that. The mistake many people make is that, they allocate money into many things at a time, at the end of the day they leave all of them unfinished.

My experience working under a tech firm, made me understand the importance of having a milestone. At the end of each year, I draft my goals for the year, at the same time, breaking them into milestones by milestones so that I end up fulfilling all of them.

[allthebitandbobs]

If you are building a project than yes you need to be focused 100% in order to get outcomes. We also might exhaust all of our savings for that one project thinking it will give us good profits in future. It depends on what project you are building though.

If you really believe in your idea and want this to be a success than you need to give 100% even if you have to exhaust all of your savings because you'll believe in yourself. The success of that project will depend on your dedication and efforts. You can't expect the project to be success without putting any efforts. Your savings will eventually turn 0 if you have full dedication on that one project. You might have to face a few hard days but your future can be bright if you maintain consistency.

[justdimin]

Adequate preparation is the key to achieve anything you want to achieve in life so if you want to start up any project as a man you need to make good plans have some money reserved before you begin the project so that when you begin you will not find it difficult to complete your project. If you have a well paying job the best thing is to take your savings seriously then you can use the remaining to be doing your project and also feeding.

That's right, even though we know that what we're going to do could be profitable quickly and potentially significantly, we still have to prepare everything well, as you said. We also have to prepare an emergency fund because unexpected things can happen, considering that everything has risks. Even if we've done our best, we don't know when bad luck will happen. What you said is one of the best ways to manage money, because using income for various things is not easy and not everyone can do it.

Emergency fund IS bitcoin for me. I know that it goes down sometimes and that is understandable but if you do buy from the bottom then you are going to be fine and in profit even if there is a fall from the peak. If you bought bitcoin at 25k during 2022, that means even if we have a fall now, a crash, it will be over that price, so it's still a valid emergency fund for you. Not everyone thinks the same way but that is just how things are and we shouldn't be really considering that as a problem.

We are definitely looking at it like it's a different thing, but it is not really that different from other funds. Keeping your money in pure cash is the worst thing to do, and other assets have as much risk as bitcoin.

[fullhdpixel]

You must find the best concept for achieving financial success, and people often think they can't if they don't have capital. The most important thing isn't how much capital you have to distribute your investments properly, but rather how consistently you maintain it to achieve measurable investments. It's impossible to develop your savings potential while building financial strength because saving won't give us the opportunity to achieve better financial success in the long term. The priority lies in a well-developed concept where you understand how to consistently generate money, even if it's sometimes small.

Even savings can help us achieve a better future because savings is something that will be useful in future for your endeavours. Most people will save some money thinking they might start a business or project in future. OP already seems to be working on a project and in this case it is okay if he is not thinking about savings anymore because at this time he should fully focus on his dreams and do whatever possible to achieve success.

Savings and building something can never go hand in hand. We will have to sacrifice something because working on a project will be expensive and we need to manage our finances accordingly. We can't think about cost-cutting if we really want to build something great.

[Bright0515]

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.

Because it is hard to build and save money at the same time, is why you should save a lot of money before starting to build. If you are doing a good business or investment it will be easy to build without going through a lot of financial distress. Building a structure can be done when you have a good paying job, you can also save and build at the same time but your project might be delayed because you are saving and building at the same time, but when you have alot of savings in your account. You can build without our much in your savings until you finish the project.

[Salahmu]

First rule is know your priority at all times. If you are saving for something, pause any other thing and focus on that. And if you have a project at hand, focus on it, until you are done with that. The mistake many people make is that, they allocate money into many things at a time, at the end of the day they leave all of them unfinished.

That's a key note to a successful establishment of a project through the savings because one cannot cover themselves with loads of things budgeted to execute at once with the savings they're making, perhaps that's why the priority you introduce is another thing to make it happen because one thing should be taken care of at a time till is being completed before any other can have it physical representation. Some people are extremely good in savings but the management of the savings is what they do not have, that is why some persons sees money but they cannot create an assets through it. Having a purpose is a better conviction of savings because it takes away the persons mind from an unplanned things.

[Alpha Marine]

I want to assume the project did not just come up overnight. It was planned for, and while it was planned, it was budgeted for. So you knew how much it would cost. Normally, people save money for a project before the project starts. At least you need to have at least half of the money for the project before going into the project. So during the first phase of the project, you can save from your income while carrying out the project with the already saved money for the project
Everything is done according to your earnings. You shouldn't take on a project that's bigger than what your income can manage; you'd be overwhelmed. As long as it's within your means, you can plan for it, carry out the project and still save.

[DaNNy001]

You cannot do these two things at the same time, handling a project and saving isnt possible...if I wanted to start a building project I would have saved up for it and planned on using those funds to do all of that...saving is down for a reason and it's either for future emergencies or for projects that you are planning to work on..so if you feel like you are still in that phase of saving then you should forfeit every project

[Miles2006]

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.

The logic to save for a project is more better and same pattern has save a lot, if a person should think of doing both even when they’re rich despite the wealthy state sometimes they might encounter hard times either the project will take more time definitely both saving and project can drain an income faster. What’s the point saving when there’s no plan, I think doing both can still be profitable but requires a lot more funds besides saving can as well help the project push forward while doing both.

[Solodoski]

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 definitely a difficult task to save and embark on a project at the same time, but it's still very possible to do both at the same, based on your income and the kind of project that you are embarking on. If you have a good plan for the project and how long you want the project to be ready, all you need is to have a good budget, so you know how much of your income goes to the project and what you plan on saving. This will be easier for someone with a high income. I still think the best thing for those with low income is to concentrate on one at the a time.

[2Pizza410000BTC]

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.

Before starting any project, you must save, if you do not have enough savings, then the project will not be possible to implement. Imagine one thing and that is if you want to start a business, then you will definitely need a lot of money to implement the project. Now if you do not have enough money to deposit, then you will not be able to implement the project. Therefore, before starting any project, you need to save enough money. Once the project is implemented, then you will have to hope to save from there. But remember that when starting a project, you must finish the project very well, otherwise there is no point in starting the project and especially in the name of saving money from the project, the position of the project cannot be worsened, none of it will be implemented.

[ShowOff]

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 definitely a difficult task to save and embark on a project at the same time, but it's still very possible to do both at the same, based on your income and the kind of project that you are embarking on. If you have a good plan for the project and how long you want the project to be ready, all you need is to have a good budget, so you know how much of your income goes to the project and what you plan on saving. This will be easier for someone with a high income. I still think the best thing for those with low income is to concentrate on one at the a time.

If you are fairly confident that the project you are working on will succeed, it may not be a bad idea to take the risk of prioritizing it over saving. After all, this could give you the opportunity to earn a larger income in the future, which in turn would allow you to save a greater amount as well.

On the other hand, if the project has not gone through thorough preparation, it is better to think twice before taking action. Saving is important for the future because it can be very helpful in emergency situations. Do not take risks without careful consideration, unless you have multiple sources of income, so that if your project fails, it won't disrupt your life.

[B-BossMan]

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.

Op, you just brought a very nice discussion,but this has to do with planning,i know there must be little challenges while trying to balancing saving money when you are into project,but when you look at it in other way, you must have been saving or must have saved a lot befor project begins, obviously, when one is in the stage of starting or handling aproject, especially a huge project  like building one have to put it at mind that he/she has alot if money to spend, because definitely projects  consume a lot of financial resources and energy, even in businesses as well, no matter how little the project might be, one will eventually keep savings aside and focus on making his project a successful one.

However, saving comes first before project kickoff, and that plan will surely give you freedom safely during the project, so all the project allocations for each specific material are being calculated from the savings, which has nothing to do with your financial stability due to long-term plans.

Additionally, decision-making and financial planning play a huge role in this aspect, in essence, saving brings benefits in such a way that it eventually leads to a more successful project outcome in the future. It also makes one should focus on achieving goals without constant financial pressures and other circumstances.