Set your budget.

[Gurujebs]

Yes, I agree that spending above your budget is bad for you that is why we need to learn how to set our budget for everyday expenses. Nowadays the cost of all products is getting expensive setting up a budget will help us to track our expenses and spend our money wisely.

Budgetting is really hard to practice these days because everything is now expensive that what we do spend a week can barely last for some days now and that's because of general inflation, food inflation and hard policy enforcement which is affecting everyone. The only way to keep up with this is to also increase the amount you earn by doubling the husle.

You can't be earning a $500 a month and the cost of your basic bills like the electricity, water, food be $300 and then you want to be spending just $100, that's not budgeting but suffering and you can't sustain that in the long run. The key to successful budget is increasing source of income to match the current state of the economy.

[bitterguy28]

The only way to keep up with this is to also increase the amount you earn by doubling the husle.

unfortunately this is what our world has come to

if you could find a much better paying job then that is what would be best for you and for your family

The key to successful budget is increasing source of income to match the current state of the economy.

you do not have to work two jobs imo one stable job with a good stable passive income will be ideal have a day job and also have a business that can run without much maintenance and management from you

[Aanuoluwatofunmi]

Life is all about budget and if we want to make any milestone achievement in life, then we may have to work by budget because this will ultimately be like a guide on what and when to do something, without have a budget in place, then that also means there is no plan on ground, which may affect the things we may set to go after, making a budget will help know the cost for doing something and prepare well over it by working basically as according to what we could afford.

[bisdak40]

The only way to keep up with this is to also increase the amount you earn by doubling the husle.

unfortunately this is what our world has come to

if you could find a much better paying job then that is what would be best for you and for your family

The key to successful budget is increasing source of income to match the current state of the economy.

you do not have to work two jobs imo one stable job with a good stable passive income will be ideal have a day job and also have a business that can run without much maintenance and management from you

Yeah nowadays its is so hard to earn and save money because of inflation where products and services are costing high and salaries are low that's why setting up a budget can be tight but still, we need to practice because if not our money will be gone and will not be spent on something that is essential in our daily survival.

[Agbe]

Spending above your budget in a bad economy is not good for your financial stability, rather it can affect you financially. Many people set budget to meet up, to ensure that the, don't mismanage funds, but in our society today most people go through financial difficulties because they fail to set budgets for Spending and at the end of the day, they spend more than their income, making them to take loans and go to bankruptcy.
What do you think about setting your budgets?

One mistake people make especially when they make their first millions is that they immediately want to buy everything they have been wishing for and live extravagantly forgetting that the resources they have can be exhausted. You can't have a million naira and try to spend like someone who has 20 million naira, mostly in Nigeria people do this just to impress others. Setting a budget and saving up are things that can save everyone right now with the way this economy is going

[0t3p0t]

Spending above your budget in a bad economy is not good for your financial stability, rather it can affect you financially. Many people set budget to meet up, to ensure that the, don't mismanage funds, but in our society today most people go through financial difficulties because they fail to set budgets for Spending and at the end of the day, they spend more than their income, making them to take loans and go to bankruptcy.
What do you think about setting your budgets?

One mistake people make especially when they make their first millions is that they immediately want to buy everything they have been wishing for and live extravagantly forgetting that the resources they have can be exhausted. You can't have a million naira and try to spend like someone who has 20 million naira, mostly in Nigeria people do this just to impress others. Setting a budget and saving up are things that can save everyone right now with the way this economy is going

That scenario is quite common and is also happening here in my country. I personally knew people who end up committing suicide because of what had happened to him after he spent most of his money in a lavish lifestyle. That is why to avoid such misery I think it is a must to set budget in everything we wanted and instead prioritize needs.

[Dr.Bitcoin_Strange]

That scenario is quite common and is also happening here in my country. I personally knew people who end up committing suicide because of what had happened to him after he spent most of his money in a lavish lifestyle. That is why to avoid such misery I think it is a must to set budget in everything we wanted and instead prioritize needs.

If there's anyone that doesn't set a spending budget, it's someone that has a couple dozens of passive income and also other investments/streams of income that is constantly generating a huge sum of money that they can not even spend but for someone that is earning just little or medium revenue, such person must learn how to set spending budget and should also have record for how they spend their money. Anyone that doesn't have a spending budget will end up spend even on the unnecessary things.

[Hatchy]

Many people set budget to meet up, to ensure that the, don't mismanage funds, but in our society today most people go through financial difficulties because they fail to set budgets for Spending

We should all learn how to set budget honestly because setting a budget helps you keep track of your money and also prevents you from spending more than you earn. It is like a plan that shows you how much you can spend on different things every now and then. Without a budget, it is easy to spend too much and end up in debt or having no savings ahead of emergency situations, so by sticking to a budget, you can stay in control of your finances and also avoid financial trouble, especially when times are rough and tough.

[kulkhan]

Many people set budget to meet up, to ensure that the, don't mismanage funds, but in our society today most people go through financial difficulties because they fail to set budgets for Spending

We should all learn how to set budget honestly because setting a budget helps you keep track of your money and also prevents you from spending more than you earn. It is like a plan that shows you how much you can spend on different things every now and then. Without a budget, it is easy to spend too much and end up in debt or having no savings ahead of emergency situations, so by sticking to a budget, you can stay in control of your finances and also avoid financial trouble, especially when times are rough and tough.

Yes budget setting is very implement in cryptocurrency market. Without proper planning of budget set we couldn’t successful in this market. 
We know budget is very implement. Big big company prepare his company budget by appointing a officer to do? I strongly believe to make proper budget anyone can study more and more. Any Financial organisations success depend on proper planning  and Budget is part of that's planning..

[Emmanuel1]

Spending above your budget in a bad economy is not good for your financial stability, rather it can affect you financially. Many people set budget to meet up, to ensure that the, don't mismanage funds, but in our society today most people go through financial difficulties because they fail to set budgets for Spending and at the end of the day, they spend more than their income, making them to take loans and go to bankruptcy.
What do you think about setting your budgets?

Setting a budget is paramount for managing business or personal finance properly. Base on the economy it gives a clearer picture of how to properly track your income and your expenses, as to allocate resources wisely to help to enable one save for the future or for the raining days ahead . Budgeting help one to build financial discipline and it helps someone to again control over his finance. So budgeting is needed at this time when the economy is biting everyone, one always need to budget whatever incomes that comes  to their hands hands. My candid opinion.

[Dr.Bitcoin_Strange]

Many people set budget to meet up, to ensure that the, don't mismanage funds, but in our society today most people go through financial difficulties because they fail to set budgets for Spending

We should all learn how to set budget honestly because setting a budget helps you keep track of your money and also prevents you from spending more than you earn. It is like a plan that shows you how much you can spend on different things every now and then. Without a budget, it is easy to spend too much and end up in debt or having no savings ahead of emergency situations, so by sticking to a budget, you can stay in control of your finances and also avoid financial trouble, especially when times are rough and tough.

Record keeping can also be quite an effective way to manage your personal finances, while budgeting can be a great way to regulate how much you spend on a particular expense, record keeping can be a more effective way to track your previous expenditures, thereby helping you to know exactly how much you need to budget on a particular expense. When you fail to record your previous expenses, there’s every tendency of over budgeting or budgeting less money on an expense since you don’t have the accurate information on the previous expenditures. But when your record your previous expenditures, you’ll be able to know where you spend more or less, and then help you make a more accurate budgeting.

[debra]

Yes budget setting is very implement in cryptocurrency market. Without proper planning of budget set we couldn’t successful in this market. 
We know budget is very implement. Big big company prepare his company budget by appointing a officer to do? I strongly believe to make proper budget anyone can study more and more. Any Financial organisations success depend on proper planning  and Budget is part of that's planning..

Indeed. To set the right budget is very important, it is the way to use effectively our money. If we don't have a good way in managing our budget, we may waste money only in crypto. If we waste money, there is no way to succeed in crypto, both in trading and investing. However, to know how to set the right budget, we must learn how money management in investment/trading. We must find out some trustable sources to learn about it. If we have mentors, it will be good but it is not a must. If we have no mentors, we can learn money management with self-taught.

[rachael9385]

Yeah it is very important to have a budget on how to spend. Some people for example me I don't know how to manage my finances I spend lavishly even when I have set a budget so at this point I don't know which step to take anymore, I would really need your thoughts guys. Thanks.

Ok talking about setting a budget yeah you might set a budget and still exceed your budget depending on the economy of your country. In a country where by things and prices of goods are not stable it would be really hard to have a trusted budget.

[Chilwell]

Setting your budget also means putting your basic needs first before any other things, if you do not put your basic needs first you might spend the money on less important things, and it will drain your money ...

it is very important to think collectedly before planning a budget and make important and useful things your priority, i.e foods, education, healthcare, home maintenance and repairs, transportation and so on. It is important to set a budget to minimize your spending and managing your income, it also maximize and promote your savings. budgeting gives the ability to supervise and record the income of expenses of an individual, it helps someone to fulfill and achieve their financial goals. A proper plan budget facilitate debt reduction, it eliminates stress and promotes confidence in decision making.