 |
|
You are not logged in! F.A.Q Log in Register |
 |
|
 |
 (nobody)...and 329 guests Last 5 registered Oplandisks nothingstar N_loop yipe foxtrotromeo Browse members... |
 |
Members 8025Messages 2613460 Today 3 Topics 127500 |
|
|||||||||
| |||||||||
|
|
I just use the online bank website. Got one savings which I transfer 30% to each month. Got automatic billing for apt/electricity/internet in there, but I have to accept the transfer every month so it's a nice balance between automatic but without the paper in the mail. Other than that I don't really have much of a system except I keep an eye on my balance and try to keep count in my head of what I buy and approximately how much I have left at any point. I've managed to save quite a bit now so it's all working neatly:P |
||||||||
|
|
|||||||||
| |||||||||
|
|
20% food, bills and clothes 90% drugs and booze i always end up short though? |
||||||||
|
|
|||||||||
| |||||||||
|
|
dont spend more money than u get |
||||||||
|
|
|||||||||
| |||||||||
|
|
Realize you already have every toy, then just buy essential foods. You will then have a shitload of money saved, if you actually have money coming in. |
||||||||
|
|
|||||||||
| |||||||||
|
|
calculate how much pocket money you have left after you paid all your bills ..split that in two and save the rest for unexpected things..works fine for me. You can always donate me some money when you have enough of it. |
||||||||
|
|
|||||||||
| |||||||||
|
|
haha dagibit you are a very sweet kind of person but you are obviously a complete fucking square! little folders? come on just forget about it |
||||||||
|
|
|||||||||
| |||||||||
|
|
turn all power ac/dc adaptors off at night from the wall. turn off everyting but the fridge. turn down the fridge if you eat your food within a day or two, why have it set low? fridges cane your electric,. saves many pennies and extends the life of your electric thingies. |
||||||||
|
|
|||||||||
| |||||||||
|
|
I recently started keeping a budget instead of just randomly paying bills when I could, which resulted in overspending and getting stuck/behind. Basically you need a planner/calendar and a check register. You write down when each bill is due and/or when you can pay it on the calendar, then you mark it off once paid. In the register you write each time you make a deposit, withdrawal, transfer, or pay a bill and add or subtract accordingly. Then you know how much money you can spend and still keep up on your bills and it will help you save money also. |
||||||||
|
|
|||||||||
| |||||||||
|
|
-retirement accounts -pay yourself first |
||||||||
|
|
|||||||||
| |||||||||
|
|
I budget myself by earning less money, pretty clever huh |
||||||||
|
|
|||||||||
| |||||||||
|
|
no pc software, but i do use an app on my phone. allows me to keep track of accounts. i use it especially for tracking credit card purchases and then verify it online the next day or so to make sure there wasn't a mistake in what i was charged. budgeting is simple. factor in how much you think you'll need for certain expenses. the hard part is sticking to the budget. that takes discipline. but if you cannot handle this then you will never be good with money in real life and unlikely to build wealth. you must stick to your budget if you wish to succeed. even those who win the lotto have high risk of going bankrupt because they do not understand simple financial discipline and how to build wealth. your financial habits determine everything in life, regardless of how much money you make. as you create a budget, it will take some time for fine tuning. you'll also need to set money aside every paycheck for vehicle repairs, home repairs (if required), etc etc. the nice part about using an app on your phone to keep track of purchases is that over time you can use detailed charts to see what kind of income/expenses you have incurred - and in what categories. the other nice part about keeping this information and tracking it in your phone, is you are constantly looking at it. you need to get into the habit of tracking all your purchases and constantly looking at the "numbers" in your bank account. you would be surprised how many people dont have an exact idea how much is in their accounts at this very moment. probably the same time of people who just 'bleed' money on worthshit shit. you have to stay on top of that. by constantly reviewing your personal finance situation, you'll engrave it in your head so when advertising kicks in and you're about to make an impulse purchase, you may think otherwise. you'll also need the discipline to deny yourself going out if you have exceeded that portion of your budget. |
||||||||
|
|
|||||||||
| |||||||||
|
|
here's how i handle personal finance: -use credit card for the bulk of all purchases. ive never paid a dime of interest and take advantage of rewards cards for cash-back. some studies show when people pay with a card, they don't "see" that as paying with cash (which has a different signals effect within the brain). i can easily understand that, but for me - it is opposite. if i have cash on me, then i find it just disappears and i cant recall what i spent it on. if i use my card, im forced to enter the transaction into my phone (which requires work), which means im less likely to buy something i dont absolutely need. it depends the type of person you are. some people operate better with cash (as it's hard for them to physically give up the cash), and others (like me), i spend less when using card. -setup automatic bill payment. electrical, mobile phone, internet, etc -- all that should be on automatic bill pay. time is money. your time is important and shouldn't be wasted paying bills or keeping track of bill due dates, etc. setup automatic payment and never worry about that crap again. -credit card payment. i am paid bi-weekly. i always check my online account every 2-3 days to verify transactions (charged amount is correct), but i find it too tedious to pay off my card balance immediately after the purchase. for me, the sweet-spot is every 2 weeks. that way, i can budget in fuel, food, etc...and then when i get paid i pay off my balance right then and there. i do not like waiting an entire month to pay off the balance. be pro-active on that. if you do not pay off your balance every month and incur interest payments, well -- you need to stop that. -fuel. if you drive an automobile (like me), i prefer to fill up my vehicle at the start of every work week (monday morning). this way, it is much easier to track my weekly driving habits versus just filling up whenever the tank is on empty. i know my average gallons used per week, and this is helpful for planing my fuel budge |
||||||||
|
|
|||||||||
| |||||||||
|
|
-your paycheck. you need to pay yourself first. that means before all of your bills, etc - you need to pay yourself and transfer that into savings. most people pay their bills, see how much they have left over, go out shopping/do whatever.. and *then* if they have money left over, they toss that into savings. that's bullshit. transfer (automatically, preferred) a set % from your paycheck into savings every pay period. you'll quickly get used to the reduced paycheck - and you can then budget off of that (just pretend the money you just transferred into savings doesnt even exist). -savings. interest rates are shit right now (at least in the USA) thanks to the fed and the cheap money supplied to the banks. thus, your money in savings is likely earning absolute squat - and certainly not even beating inflation %s. however, you still need to keep liquid funds on hand for emergency repairs (auto repair, home repairs), or loss of income/loss of employment. a good rule is 3-6months of living expenses in liquid savings. i am risk averse in the current economy, and prefer a full year of living expenses in savings. sure, you could keep this money in the stock market or other investments, vs having it earn almost 0% in savings, but emergencies generally come at the worst possible time ... and it would not be pleasant to have to cash out of your securities/stocks/etc to cover an emergency when the market is down. -investing. once near-term liquidity issues are solved and you are continuing to save money, you seriously need to look into retirement accounts. if your employer offers 401k and offers a match? take it. that's free money (and pre-tax, so it will lower your adjusted gross income when tax time rolls around). leftover funds after that, definitely open a Roth IRA. if you max that out, go back and fill up your 401k. roth ira's freaking rule. it's post-tax, meaning the contributions and earnings will all be dispersed tax-free during retirement. would you rather pay taxes on the seed or th |
||||||||
|
|
|||||||||
| |||||||||
|
|
would you rather pay taxes on the seed or the crop? -summary. overall, budgeting is the first step and of the most importance to your financial future. the discipline of sticking to the budget will not be easy. it will take time to fine tune your budget, and there will always be emergency expenses that come out of no where that will sometimes throw your plan out of whack. press on. the discipline is worth it. automatic bill payment, automatic savings transfer from every paycheck, etc... all of these things are very easy steps to get you started. automatic savings transfer is very important because you will automatically pay yourself first, and you will very quickly adjust to having the smaller paycheck -- and you can begin budgeting off of that. it's 90% mental. |
||||||||
|
|
|||||||||
| |||||||||
|
|
Very nice elusive. Which phone financial app are you using? |
||||||||
|
|
|||||||||
| |||||||||
|
|
splashMoney i tried a million. they all do about the same; just find one that suits your aesthetics. |
||||||||
|
|
|||||||||
| |||||||||
|
|
but i don't allow it to sync with my bank accounts. i dont trust anyone for that, including mint.com. regardless of how 'secure' it may be ... |
||||||||
|
|
|||||||||
| |||||||||
|
|
no never. shit getting hacked all over the place. |
||||||||
|
|
|||||||||
| |||||||||
|
|
spend |
||||||||
|
|
|||||||||
| |||||||||
|
|
spend < earn |
||||||||
|
|
|||||||||
| |||||||||
|
|
"-setup automatic bill payment. electrical, mobile phone, internet, etc -- all that should be on automatic bill pay. time is money. your time is important and shouldn't be wasted paying bills or keeping track of bill due dates, etc. setup automatic payment and never worry about that crap again. " I would say no to this. It's better for me to wait until they send me late notices. That way I only have to login to pay about half as frequently. Plus you don't want to be charged for things you haven't authorized. |
||||||||
|
|
|||||||||
| |||||||||
|
|
pay rent or buy some land grow or buy some healthy food sort out wind/solar/bio diesel etc energy solution save the rest up for when you have a family, or re-invest to make more apart from that maybe buy an album one a week-once a month if that's possible. and a computer or a battery powered drum machine+self sequencing synth. ? |
||||||||
|
|
|||||||||
| |||||||||
|
|
i manage my money by being stuck in berlin, germany. 50% of the population (according to some statistic) here doesn't work, so it's not difficult to get by. ... when i lived in the uk i saved money by only buying the bare minimum of food needed + sufficient amounts of beer; when i lived in the states for a short time i did the same thing. (it was more difficult in the us, though, cause, at least in california, the beer was expensive as hell.) |
||||||||
|
|
|||||||||
| |||||||||
|
|
"If you don't pay your property taxes which will be high for decent farmland," that a lot of assumption in one sentence |
||||||||
|
|
|||||||||
| |||||||||
|
|
Spend only half what I make, invest the other half Make more than I intend to spend Don't buy something unless I can pay it cash |
||||||||
|
|
|||||||||
|
Messageboard index
|
|||||||||
