Post
Topic
Board Economics
Re: The usefulness of budget as a bitcoiner
by
alastantiger
on 04/05/2025, 12:41:25 UTC
Plus, having a budget in place can help a bitcoiner  figure out how much he can afford to invest in Bitcoin, and when it's time  for him to diversify his  portfolio. By tracking  his expenses, a bitcoiner will definitely get a  better sense of his financial situation which makes it easier for an investor to make smart  investment decisions.

Having a budget is going to be a life saving decision that we make because of how important a budget is and what it does to our thinking. Having a budget won't allow us to spend money unreasonably and it'll help us to prioritize what's more important to invest more money into and what's less important. As a Bitcoin investor and you're not on a budget that you plan how you spend, it'll get to a point that you'll be out of money and all you'll be left with is your investments that you'll now have not result to sell pars of the investment to survive or all because the debts that you have already gotten yourself into. Lack of planning can destroy all the life goals that you had for yourself hence it shouldn't be messed with. It doesn't matter how little you plan but there should always be a plan that direct your life and help you achieve your goals faster.