Budgets - what’s your opinion and method?

[51]

As the title says, I’m interested in seeing how everyone budgets their money. How much of what you earn goes towards investments so you can earn more, if you don’t do investments how do you save money? Do you put it in an account to gain interest or do you just have it as cash under your mattress?

Lol I feel like everyone here is smart about finances and are not just here for the Gucci bags and the LV belts that we can get. So what are your methods that you all use?

[35]

I use betterment, which auto invest my money into a mixture of stocks/bonds. Also I setup a Roth IRA with them.. You can auto draft money out of your bank account into betterment. If you want to be more hands on look into vanguard, s&p 500, index funds, bonds...

[51]

I use betterment, which auto invest my money into a mixture of stocks/bonds. Also I setup a Roth IRA with them.. You can auto draft money out of your bank account into betterment. If you want to be more hands on look into vanguard, s&p 500, index funds, bonds...

Interesting, thanks for your input. Would be better to be more hand on? I’ve always wanted to do so but I don’t know much. Thinking of just trying to learn with some simulations and see what happens.

[35]

I use betterment, which auto invest my money into a mixture of stocks/bonds. Also I setup a Roth IRA with them.. You can auto draft money out of your bank account into betterment. If you want to be more hands on look into vanguard, s&p 500, index funds, bonds...

Interesting, thanks for your input. Would be better to be more hand on? I’ve always wanted to do so but I don’t know much. Thinking of just trying to learn with some simulations and see what happens.

Well Betterment uses vanguard index stocks so I let that take care of my "safer" investing. I go hands on with my more risky investments like btc, day trading, and individual stock trading.. I mean there is also high yield saving accounts that are pretty damn safe FDIC protected, but the interest rates wont beat inflation.

[51]

I use betterment, which auto invest my money into a mixture of stocks/bonds. Also I setup a Roth IRA with them.. You can auto draft money out of your bank account into betterment. If you want to be more hands on look into vanguard, s&p 500, index funds, bonds...

Interesting, thanks for your input. Would be better to be more hand on? I’ve always wanted to do so but I don’t know much. Thinking of just trying to learn with some simulations and see what happens.

Well Betterment uses vanguard index stocks so I let that take care of my "safer" investing. I go hands on with my more risky investments like btc, day trading, and individual stock trading.. I mean there is also high yield saving accounts that are pretty damn safe FDIC protected, but the interest rates wont beat inflation.

Yeah I know lol, that’s my thing with savings account. The dollar you have today will be worth less next year for sure, and putting it in the saving account will still make worth less but not as much. The problem is knowing how to make that dollar be worth the same or more by next year....

[18]

Thank you

[827]

I don’t use any sort of app or tool to manage/budget finances.

Simply, I only buy things which I need to make more money, or basic things such as clothing, food, etc


Basic expenses come first, then money towards projects, then investments.

However with budgets, you need to make sure it what you are doing is not a waste of money. Pumping, money into a shitcoin, a useless idea, clothing which is exorbitant, is all a waste of money. I dont wear expensive clothes, and I don’t eat expensive foods, regardless of the fact that I make 6 figures a year. To budget, get rid of all the shit you don’t need. No expensive clothes, cut down on drugs, alcohol, partying. Getting rid of social media also helps as it will push you to spend money on bullshit to be socially accepted. Overall, be smart with your money and before you buy/send/invest, guarantee that it will benefit you in the future.

[350]

BahhhhAhh! MF said "not just here for the Gucci bags and LV belts" 

What is life but a transition from current to next Gucci belt? LV shoes? Prada undies? Bugatti socks? Louboutin mittens? Edible Belle Delphine eGirl condoms? Fendi cufflinks? Armani tie? Burberry wallet? Chanel skin bleaching creme? MCM hair ties? Valentino face masks? Moschino umbrellas? HERMAS keychains? Dior is a cool song by Pop Smoke dudes a legend RIP!!? Supreme flipping flops? Yeezy helmet for Sunday football with the fam? Rolex watches? Hublot wallclocks? Richard Mille stopwatches? Audemars Piguet pocket watches? Patek Phillipe car and microwave clocks?

Tell me, is there truly anything else in this life worth caring about? 

[spoiler] :No:[/spoiler ]


EDIT: But in all seriousness I am way too poor to comment on this thread - I spent my last $60 on Supreme upgrade in August thinking I could monetize some shit but in reality I've made like -217 since joining this marvelous pit of neverending social engineering