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Scraped on 03/05/2025, 10:26:15 UTC
Of course budget is needed in ones life hence as a bitcoiner it's needed as well cause it enables you make right decisions and be disciplined with your decisions,also learn managerial skills very well, I definitely know how budgeting has helped me from the start cause then I wasn't that type that tends to do that rather I can spend a huge sum of my earnings in things though important but I'll be left with nothing later on so i adopted applying budgeting which as a bitcoiner it reduce you from certain levels of risks.
Not budgeting could lead to over estimation or under estimation of your financial position. Some people would have invested more in Bitcoin if they had taken the time to adjust their income and expenses. Some have invested more than they should thus not having enough emergency funds. When such people face unforeseen financial challenges, they are forced to sell even below the price they bought. Without proper financial planning, investing might bebecomes a burden.
Original archived Re: The usefulness of budget as a bitcoiner
Scraped on 03/05/2025, 10:21:06 UTC
Of course budget is needed in ones life hence as a bitcoiner it's needed as well cause it enables you make right decisions and be disciplined with your decisions,also learn managerial skills very well, I definitely know how budgeting has helped me from the start cause then I wasn't that type that tends to do that rather I can spend a huge sum of my earnings in things though important but I'll be left with nothing later on so i adopted applying budgeting which as a bitcoiner it reduce you from certain levels of risks.
Not budgeting could lead to over estimation or under estimation of your financial position. Some people would have invested more in Bitcoin if they had taken the time to adjust their income and expenses. Some have invested more than they should thus not having enough emergency funds. When such people face unforeseen financial challenges, they are forced to sell even below the price they bought. Without proper financial planning, investing might be a burden.