Post
Topic
Board Economics
Re: Best way to manage money?
by
mirakal
on 30/10/2016, 07:15:19 UTC
You always need to be aware of how much money you need to put on the side because of bills and things that you will need to pay, you also need to save a percentage of what you are earning.
If you manage to do only this and you are managing your money good enough.

Exactly, you must set on the things that you are going to use your money for. And I would say that just buy the things that are necessary and you really need. Don't buy the things that you just want to have it because you want it but buy the things that you really need so that you are going to manage your money properly.
really not easy to stick on the rules , first of all you need to be discipline. without discipline anything that you have planned before will just useless. once you have this discipline then you are good to go to managing money by yourself. another option you may could use a third party to manage your money such as your wife maybe? a women have a better instinct about managing money.

I may disagree with woman who are good in managing money.  Not all.  Sometimes they are the reason why you could not save your money because of their wants. Grin.  Anyways, yes it took a lot of discipline if you want to have a better management in your money.
not all , bot mostly. so nothing wrong with my words isn't it? also there is a lot of kind women you can't judge all of them is same of course. but all what i feel now that my wife doing very well in managing family funds. so why not to give a shot? if you didn't confiden't on yourself , there is no harm.

Well there's nothing wrong on managing money when it comes to gender. Because people are different.. it's just their way of thinking or perspective on how they will manage their money. Like me, I used self control when it comes to money and always have a long term goal so I can properly spend and manage my money wisely.

I also self-manage their money. I save some for investment. It is necessary. Some are converted into Bitcoin. Just as there is a goal, then it is easier to manage money.
What you did was right, putting your investment in bitcoin is the best thing to do for now, and since we are still considered to be in the early phase we can see more improvement and that makes it profitable for us to invest in bitcoin, it is a risky investment but so rewarding.
Putting  up your money  into bitcoin is somehow  a  great  investment but  we should  not  risk all of  our  money  just  put the amount that  you could afford to lose  in the  long run because  bitcoin investments  doesnt  guarantee  us anytime to secure profits because  price are  too unpredictable to consider.

Managing  money  would  be easy as  long  you  have a  budget plan or  list  to see your expenses throughtout the month and   if you see theres  too much  expense on a certain  thing you could always cut out.
Well, managing your money could involve a lot of things because you do not only manage your expenses but your investment as well. Though we only have a small amount of money right now but we have a chance to grow that if we can minimize our expenses so we will be able to invest with bitcoin.