Quote from: Sled on July 03, 2018, 09:24:49 AM

Quote from: Ranly123 on July 03, 2018, 06:48:00 AM

Quote from: goaldigger on March 11, 2018, 12:51:41 AM

I dont know if this where the right place to post but here it is. This is most applicable for those minimum wage earner who struggles in life and wanted to invest too.

* DONT SPEND BEYOND WHAT YOU EARN.

This is particular to those credit card addicts where swipping it is their life. They spend most of their needs on cards, groceries, gadgets installment etc. They spend beyond their limits and usually paying excess charges because of this. They often didnt get through this swipe pay cycle because of their limited fund capacity.

* SAVE FIRST BEFORE SPENDING

I think this is the hardest part of the financial budget if you are earning just right for paying your monthly bill and daily necessities. But what will you have to do ? . You dont need that high portion of savings everytime. For example , you have $50 on your hand in excess of your expenses, budget it for a week in a very cheap way , groceries would be better, then save what is remained. Take aside your weekly starbucks and put it on your bank.You can take coffe at home or on a cheap way. Small amounts will get big in a time and you can start investing after. You can always reward yourself after if you start investing and earned passively.

* SET SOME GOALS

This is the most effective way ive done so far. Being comitted on your goal is almost 100% sure. If you are setting a goal for example this year where you have to save $5 weekly and you will save $260 in the end of the year, if you always looking for the outcome, im sure you will do this without leaping or maybe advance save it up.

All three of this is what i do everytime ans it helps me save and gain some capitals for investment on cryptocurrency. I hope these three would help someone even on a little way.

I am not a financial expert so I would take this as my guide to be successful in my financing. I know it is hard to do but at least this guide will give me a hitch at what I may do to my money and earnings.

If will be better for you if you will also have an app in your smartphone like a money app that will help you to monitor expenses and also income and that will give you an overview on which side you are spending most of your money so you can adjust things and you will realize if it is worth it to continue spending that amount of money.

A good financial management helps us become a wise and informed decision-maker. It's important to formulate a plan, to be honest in following the plan, and to make use of time productively. Don't be too impulsive, only spend on things that are needed, cultivate the habit of savings, and avoid debts as much as possible. Aim growth, it's not going to be easy, but with discipline, patience and determination it can be achieved.