Post
Topic
Board Economics
Re: How good are you at managing your money
by
Fatanut
on 30/11/2016, 07:52:06 UTC
Managing money is really hard especially to people like me that wants to buy anything that I want. When i had my first bitcoin i bought a phone. I changed it first to real money and bought it. And i think why didnt I invested it. Then i had an everyday facepalm everytime I remember that

That is right actually, for people like us it is really hard to manage money if we are willing to buy anything we want, like you i also did that thing, i used my bitcoins to buy a bike for myself but to be honest i really needed that, but still i want to save my bitcoins but every month i cash some of them out and spend on myself.

It is not a hard thing to manage money, because with my situation my budget for weekly expenses is not that even high.

Let's say my budget for 3 days is just $10 so how would you budget that? Since I'm not that very socialite person, I'm having a proper budgeting.

I'm setting aside up those things that I need to allocate my funds like fare and some meal allowances. Just don't get too cocky to buy everything you want.
$10 for 3 days? How did you able to manage it?Are you still eating on that amount? Saving and budgeting really helps so that you could able to manage your money well and could able to survive on daily living but that amount you mentioned seems too unbelievable to consider because its really to low and i cant imagine how you able to manage it. Expenses and bills are considered normal but on buying wants its not really ideal.

Actually yes, I'm still able to eat with that amount. Since I don't need to spend too much because my destinations are just a walk away.

Because I'm not focusing with the things that I want, I'm focusing more with the things that I need to spend to, like paying bills and everything.

I usually spend $3/day and of course with the help of some relatives and friends that surrounds for the food so I don't have to spend too much with it.

In third world countries, you can survive for less than $3 a day. As a college student, I only need no more than $2 to survive. That would cover my transportation, and food. I eat the cheapest food in the cafeteria. I mentioned this before in a chat box in a gambling site and people can't believe that it's the only amount of money I need. If you do live in the province, people usually share their food to their neighbors. It's okay that you eat from your relative's so you don't actually have to spend that much money.

But of course even if I only need $2 a day. I still have to pay for my school fees which is about $180 for a semester.