Micro-Budget Tips (building a small #budget & budget habits)
This may be for you or a means for teaching a child good habits.
1. Given: a weekly allowance (eg from lawn mowing, or it’s cash you withdraw from the bank for wkly spending).
2. Say that “allowance” is $100/wk.
3. REGARDLESS what remains the next week ($5 or $75), set it aside (eg in a separate acct).
4. Pull out the next wk’s $100 allowance; repeat the process.
5. At the end of the month/term, you should have more set aside than if you just carried the cash over & didn’t have a regular plan.
6. This is similar to btc DCA, but works with fiat - for those who still deal with that. It also builds a saving & planning routine. 🤔 (Which can be used for extra btc buying. 😉)
7. The Set-Aside total can be used for emergencies or to supplement fun plans (travel, gifts) — without strain on the present budget, since you already withdrew it (months before).
Most bitcoiners are savvy to a budget, so again - this may be supplemental, or something you can share with a child or a normie (as many people do not rely on budgets - to their detriment).
npub1y2…qhv5s
2023-10-03 22:56:07
Author Public Key
npub1y2s7xmlzqrd5w5k7rf9j8fvmltjy4jlhdyeujqr3429l23cpclnqqqhv5sPublished at
2023-10-03 22:56:07Event JSON
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"pubkey": "22a1e36fe200db4752de1a4b23a59bfae44acbf76933c90071aa8bf54701c7e6",
"created_at": 1696366567,
"kind": 1,
"tags": [
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"content": "Micro-Budget Tips (building a small #budget \u0026 budget habits)\nThis may be for you or a means for teaching a child good habits. \n1. Given: a weekly allowance (eg from lawn mowing, or it’s cash you withdraw from the bank for wkly spending).\n2. Say that “allowance” is $100/wk. \n3. REGARDLESS what remains the next week ($5 or $75), set it aside (eg in a separate acct).\n4. Pull out the next wk’s $100 allowance; repeat the process. \n\n5. At the end of the month/term, you should have more set aside than if you just carried the cash over \u0026 didn’t have a regular plan. \n6. This is similar to btc DCA, but works with fiat - for those who still deal with that. It also builds a saving \u0026 planning routine. 🤔 (Which can be used for extra btc buying. 😉)\n7. The Set-Aside total can be used for emergencies or to supplement fun plans (travel, gifts) — without strain on the present budget, since you already withdrew it (months before).\n\nMost bitcoiners are savvy to a budget, so again - this may be supplemental, or something you can share with a child or a normie (as many people do not rely on budgets - to their detriment).",
"sig": "a86298200f09af5aa3cef15514ba0a57a4ce752862518a41a624367325a316e7d94cb23ff3a9a7b4b575e116f7490b579bddfe28d963ee64791c3d5e13f83164"
}