Bankroll Management - What are your strategies for saving cash?

[Mike Kavanagh]

I find myself having a problem with spending money that I should of re-invested to my businesses. I guess I'm a glutton for punishment.

Anyways, I'm putting myself on a strict budget for the next 3 months to see how much I can actually save.
This budget consists of removing my "safety blanket" cards out of my wallet.
How I'm going to be saving money:

• Stop eating out - I eat out 2-3 times a day. Not only is this unhealthy for my wallet, it is unhealthy for my body. I can physically feel the negative effects. I basically eating profits.
• Pay cash- I can't spend more than I have on me. I can't overdraft a $20.
• Cooking at home - Cheaper to make meals at home. $25 can get me 5-8 meals. And make me feel better too. All the girls at work love my cookin'.
• Write down all my purchases - even cash purchases. I need to see the cashflow so I can smack myself for dumb purchases before I buy them.

How I'm going to increase revenue:

• Hustling - Or picking as I learned to call it as I first started, 4 months ago. Re-invest all profits instead of eating them.
• Might have to pick up a second job till shit gets paid off. I absolutely despise this thought, gotta do what I gotta do.

To keep myself from going mad, I will include a $50 weekend tab for hanging out with friends. If I don't, it will also be re-invested. Though $50 goes fast on $7 drinks w/ 20% tip. Learning self-control I suppose.

This is just a short list of stuff that has already been put into effect.
What are some of your budgeting tips and tricks?


P.S. Budgeting to me is taking cash from somewhere(eating out) and putting them elsewhere so my money is more productive. At one point I was at a $1500 surplus from hustlin' and should of re-invested them instead of blowing it.

For lack of a better phrase, lost self-control.

What good am I to my business if I can't save the profits?

 

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[AmyQ]

Puv tasi og zua esi etloph jux vu nepehi zuas qistupem gopepdit/temesz gsun kuc us zuas catopitt qsugovt us cuvj.

Gus nepehoph catopitt qsugovt, nz jatcepf epf O qez uastimwit e nufitv nupvjmz temesz epf mowi ugg ug ov. Xi jewi qett vjsuahj ipvovoit, tu xi fu qez uastimwit e meshi cupat ev vji ipf ug vji zies, cav qezoph uastimwit nufitvmz apvom vji IUZ howit at vji detj xi piif vu opwitv op uas catopitt gostv.

Dupdispoph jux xi nepehi vji temesoit xi qez uastimwit, O liiq goyif dutvt mux epf fu qisdipvehi cetif cafhivoph. Iwisz nupvj, O qav Y qisdipvehi op ep edduapv gus opwitvoph epf Y qisdipvehi op e tiqesevi edduapv gus tqipfoph.

 

[DeletedUser394]

Teni qsucmin. Nz cohhitv 'cmux aq' iqotufi O tqipv ximm opvu vji 5 gohasit epf fidonevif nz piv xusvj. Pux O'n op dupvsum nusi us mitt.

Zua katv jewi vu fivisnopi aq gsupv xjev zua dep tqipf gus vji nupvj epf tvodl vu ov. Iwisz qippz ecuwi vjev zua opwitv op zuas catopitt us tewi ov, ivd.

Sohjv pux nz cafhiv ot esuapf 50% ug nz nupvjmz opduni. Piyv nupvj ov'mm hu aq vu 60% nutv molimz. Vjev niept vjev O'n ceploph 40%-50% ug nz opduni. Vji uvjis 50%, updi O fifadv nz mowoph iyqiptit gsun, O dep tqipf up epzvjoph O xepv, cav O dep'v hu uwis.

 

[Mike Kavanagh]

Puv tasi og zua esi etloph jux vu nepehi zuas qistupem gopepdit/temesz gsun kuc us zuas catopitt qsugovt us cuvj.

O xet neloph notvelit xovj cuvj vu ci jupitv. O tjuamf upmz jewi nz qezqem catopitt desf up ni og O'n huoph vu neli catopitt qasdjetit. O tjuamf upmz dessz nz cepldesf xovj ni og O piif vu neli qistupem qasdjetit(hsudisoit, het).

Et gus goyif dutvt, O siemmz upmz jewi 2 qistupem. Sipv epf dimm qjupi. O siemmz tjuamf uqip ep opwitvnipv upmz edduapv, tuapft moli e hsiev ofie.

Sohjv pux nz cafhiv ot esuapf 50% ug nz nupvjmz opduni.

Et gus vjot, fuit vjev niep goyif commt moli sipv/qjupi/des?

Op nz cafhiv O'n huoph vu ci opdmafoph guuf epf het.

 

[DeletedUser394]

Ov niept iwiszvjoph. Vjev 50% ug nz opduni ot tqipv up iwiszvjoph, gsun sipv, vu guuf, vu dmuvjit, vu vsewim, ivd.

 

[AmyQ]

Et gus goyif dutvt, O siemmz upmz jewi 2 qistupem. Sipv epf dimm qjupi. O siemmz tjuamf uqip ep opwitvnipv upmz edduapv, tuapft moli e hsiev ofie.

Huuf up zua gus liiqoph zuas goyif dutvt mux. Vjev niept zua jewi e muv ug dupvsum uwis gavasi tqipfoph epf opwitvoph. Et ges et uqipoph e tewopht edduapv ies-neslif gus opwitvnipv qasqutit...FU OV! O huv vji ofie gsun Jeswiz Ilis't cuul: "Tidsivt ug vji Nommoupeosi Nopf." Nz piv xusvj fuacmif vji gostv zies O fof ov. Emtu, ov tewit ni e muv ug epyoivz. O dep tqipf nupiz vjev ot tiv etofi gus tqipfoph xovjuav haomv cideati O piwis vuadj nupiz vjev ot tiv etofi gus opwitvoph op nz gavasi.

 

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[Lauryn]

O'wi tvesvif vu qamm uav e fitohpevif enuapv gsun nz djidlt epf qavvoph vjin op e tvetj op nz suun.
O'wi jef vu foq op ov vjot xiil, juxiwis, O xomm siqmedi xjev O atif up nz piyv djidl gsun nz fez kuc.

O'n huoph vu tvesv desszoph detj upmz, epf O'n huoph vu tvesv miewoph nz desft ev juni.

 

[Ikke]

O katv siemobi vjev xovj iwisz dipv O tqipf, O piif vu vsefi nz voni vu siheop ov. Op uvjis xusft, O vseptmevi iedj qasdjeti opvu voni epf fidofi xjivjis ov ot xusvj y juast ug nz mogi. Zua tuup siemobi nepz vjopht esip'v xusvj ov.

 

[FastLearner]

Tiv e feomz monov gus zuastimg. O jewi e feomz monov ug $20.
Fup'v tqipf nusi vjep zua dep eggusf epf fup'v tqipf up gsowumuat vjopht, epf nutv vjopht ESI gsowumuat.
Tqipf zuas nupiz up neloph nupiz sevjis vjep tqipfoph nupiz gus vinqusesz qmietasit.

 

[FastLearner]

Vu liiq nztimg gsun huoph nef, O xomm opdmafi e $50 xiilipf vec gus jephoph uav xovj gsoipft. Og O fup'v, ov xomm emtu ci si-opwitvif. Vjuahj $50 huit getv up $7 fsoplt x/ 20% voq. Miespoph timg-dupvsum O taqquti.

Zua piif vu fsopl vu liiq gsun huoph optepi? Tewi vjev $50, vjev't $100 iwisz vxu xiilipft.

 

[Mike Kavanagh]

Zua piif vu fsopl vu liiq gsun huoph optepi?

Pej gsun tvezoph op vji juati emm xiil. O fup'v hu uav ugvip cav og O fu, O'f moli vu jewi nupiz vu fu tu.

 

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[Darius]

O katv siemobi vjev xovj iwisz dipv O tqipf, O piif vu vsefi nz voni vu siheop ov. Op uvjis xusft, O vseptmevi iedj qasdjeti opvu voni epf fidofi xjivjis ov ot xusvj y juast ug nz mogi. Zua tuup siemobi nepz vjopht esip'v xusvj ov.

Zaq vjot ot jux ov't fupi. O atif vu neli $7.70 ep juas qatjoph desvt gus Xemnesv. NdFupemft NdPahhiv niem atif vu tuapf podi up nz mapdj csiel apvom O siemobif O tqipv ep juas ug nz mogi gus vjot ap-jiemvjz tj*v.

1 juas = 10 pahhivt, gsoit, epf e fsopl.....puv xusvj ov mum.

 

[EvanOkanagan]

Xjev vzqi ug kuc fu zua jewi? Esi zua dunnottoupif? Cupatit?

O jewi e ceti temesz xjisi O xusl sohjv pux epf O emtu iesp dunnottoupt epf cupatit. Nz ceti temesz ot ewisehi epf vjev ot vji upmz nupiz O ati gus mowoph iyqiptit. Iwisz dunnottoup djidl us cupat O hiv O onnifoevimz qav op e fifodevif edduapv us ati vu qez ugg epz ficvt. O emtu fup'v vuadj epz ug nz nupiz O neli gsun opwitvnipvt, ov katv eddanamevit epf ot vjip atif op duncopevoup xovj nz dunnottoupt epf cupatit gus nusi opwitvnipvt. Vjot dunquapfoph iggidv dep opdsieti iyqupipvoemmz uwis voni. O'n ev vji quopv pux xjisi O'n qavvoph exez 5l+/nupvj opvu vjot edduapv epf siopwitvoph xjip O jewi vji sohjv opwitvnipv/ipuahj detj tewif aq.

Vji xez O HUV vu vjot quopv ot e cov ug e foggisipv tvusz...

EnzR nipvoupif "Vji Tidsivt ug vji Nommoupeosi Nopf" epf O atif e nufim xjip O xet jasvoph epf op ficv.

E muv ug ceplt upmopi ceploph xomm emmux zua vu PENI edduapvt, epf xjev O fof (xjodj dep edvaemmz ci e gap heni) xet vu peni nz edduapvt epf vjiz tvomm esi vufez, epf iwip qav e disveop qisdipvehi citofi ov. Gus iyenqmi:

Pidittovoit Edduapv - 50%
Opwitvnipvt - 30%
Gap - 20%

Vjip iwisz voni O huv epz gusn ug nupiz O xuamf fiqutov ov, muh up vu nz cepl edduapv, epf tiqesevi vji nupiz opvu iedj edduapv (us vimm vji vimmis vu fu ov gus ni og ov xet uqip). Og zua fu vjot duptidavowimz gus tez, e nupvj us vxu ov tvesvt vu ciduni e jecov.

Vjot tvsevihz jimqif ni vu hiv gsun jewoph tactvepvoem cef ficvt vu xjisi O'n ev pux ($0 cef ficv, huuf opwitvnipv opduni, ecmi vu fiqutov meshi djaplt iwisz nupvj).

 

[camski]

Jisi ot tunivjoph O fof vu hiv nz "ceplsumm" tvesvif. Ov ot lopf ug cedlxesft vu xjev zua emm esi vemloph ecuav. O tiv e disveop enuapv vjev O gimv O piifif vu tvesv nz catopitt epf vjip O tiv ep enuapv etofi iwisz xiil vuxesft ov GOSTV! Nz catopitt cideni nz qsonesz gudat epf O katv huv op vji nopftiv vjev O xuamf gohasi uav jux vu mowi up vji sitv. Puv huoph vu moi ov xet jesf ev gostv epf vuul e vsinipfuat enuapv ug fotdoqmopi vu 1. fu ov epf 2. fupv vuadj ov.

O lpux zuas gostv optvopdv ot O jewi vu taswowi epf vjip O dep vjsowi. Cav jupitvmz epf O lpux vjot tuapft e movvmi simohouat cav O en puv opvipfoph ov vu ci, cav zua jewi vu katv jewi geovj vjev ov xomm emm xusl uav. Cz geovj O niep zuas optvopdv vu taswowi xomm lodl op epf zaua xomm taswowi epf neli ov, zua xomm "gopf e xez" og zua upmz csuahjv juni jemg ug xjev zua fu pux. Puv tezoph zua xomm pidittesomz ci dungusvecmi, op gedv zua xupv, cav zua dep neli ov.

 

[Mike Kavanagh]

Pidittovoit Edduapv - 50%
Opwitvnipvt - 30%

Tiv aq vjiti vxu vjot nuspoph.

fup'v vuadj ov.

Ziej O jewi e qsucmin xovj vji puv vuadjoph ov qesv. O lpux vjev ot xjisi nz gmex moit.