I think that instead of reducing your expenses for investing in Bitcoin, you should focus on increasing your income. To start investing, you need to make sure that you have a prudent source of income. Are you able to meet your daily needs with your income source? Keep in mind that there is no shortage of daily needs for investment. Be it in the field of entertainment or furniture. If you call these unnecessary and exclude them from the list of daily needs. If your income source is unable to meet all your needs, then you should look for an alternative source of income. Yes, you can reduce some expenses that are hurting you or unnecessary money beyond your needs. However, depending on this money, it may not be the right step to start investing.
The main basis of investment is the source of income. If you are not prudent with your income, then you need to look for alternative sources of income. If your income source is shaky or weak, then your investment will be at risk in the long run. You certainly don't want your investment to be at risk or subject to unexpected sales. So, planning to invest with any kind of gap in demand may not be the right plan. You need to have a strong plan for your investment, especially with regard to your income sources.
At some point there is nothing absolutely wrong for anyone to curtail their expenses just to invest in to Bitcoin, for example, one can reduce eaten out side maybe once in while, you can go for a less expensive car, build a duplex instead of a bungalow, reduce how he or she go for a vacation. I have come to understand that anyone who overly prioritize their personal expenses can never make an investment because your income can never be enough for you, what is mostly important is to figure out whatever that might consider to be a basic are taken care of after which maximize an effective funds allocation that will enables you to comfortably accumulate your Bitcoin without pressure.
Yes. To build financial freedom, there must be sacrifices, and there is nothing wrong with everyone if they want to invest, they must apply a strategy like you said by living frugally and buying according to needs, no need to be luxurious because the remaining money can be used to buy bitcoin.
In addition, what must be started for healthy investment is of course from managing expenses, and this can use the waterfall scheme. Because the concept of this scheme is that salary is like water. Flowing from a high place to a lower place. Water will fill the container in a high place first until it is full, then go down. Then fill the container below it. And so on until it runs out.
Now the new salary goes directly into the primary needs post, such as shopping money, paying for electricity and water. The rest should not be used immediately for shopping, but allocate it for obligations such as emergency funds. If there is any left, then it can be put into the post to buy bitcoin. The point is, every time you have extra money, try to allocate it for bitcoin investment. If funds are managed well, primary needs are met, obligations are met, and future investments have also been prepared. That way we will also invest comfortably and calmly for the long term. In fact, in any case, including investment, it depends on how well we manage our finances.