Quote from: Jegileman on Today at 04:50:19 PM

Quote from: Hanadawa on Today at 11:06:41 AM

To have a proper plan on this maybe we should have a pie chart where we can separate our earnings into other things that we are considering on where we spend our money since if we have proper discipline on money for sure we can make all of things work out and we will not get any financial trouble if we follow all the plans we set. For doing all those discipline for sure we will be responsible on everything especially on each decision making we do.

Keep making a good financial plan. Allocate all your money carefully. Create a priority scale for which ones should come first and which ones can be optional choices. Allocate exactly how much Bitcoin you can afford each month and commit to your allocation as best as possible.

To further cut down the burden and not to see your investment in bitcoin as a financial burden on a monthly basis, you don’t need to allocate a fix amount on it monthly. When the month comes around, after spending on all you need for that month including other unforeseen expenses, you can now allocate what is left into bitcoin investment if at all there’s any after spending.Don’t overstress yourself when you can’t, bitcoin investment is worth it but invest what you can keep there without touching it to settle other necessities of it doesn’t warrant as your emergency funds should suffix in those moments for you.
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It is good that you have a fixed amount that you use to buy bitcoin regularly weekly or monthly through DCA to enable you have a proper focus on how much that you will use to invest in bitcoin yearly and it will also be easy for you to re-access your investment to know if you are doing it well or you need to increase the amount that you are using to invest or continue with that amount.

10% of your income is good for you to use to invest in bitcoin regularly through DCA so that you will be use to using that amount a d it will also be in your weekly or monthly budget. This is why a proper plan and financial management is very important when you are investing in bitcoin. Before investing, you already know how much income you do have, and you also know your monthly expenses. It is from the left over after you have sorted out your expenses and important needs from your monthly income, that you use part of that your left over to invest in bitcoin and you should use a specific amount that will not add tension or stress you to buy using DCA consistently and persistently. Using the same amount will make you more discipline on managing your expenses amd discretionary income.

If you are just using any amount that you like to buy bitcoin from your discretionary income, then it means that you will not have a bitcoin target which you can focus on accumulating over a given period of time. The time that you can increase the amount that you use in DCA is when your discretionary income has increase or you have saved and prepared for the dip when it comes. Buying with different amount might not make you too serious with accumulating bitcoin in a long-term and you will not be able the acquire a good amount of bitcoin compare to someone who is buying frequently with the same amount.