How to Live Within Your Means Using Crypto

Cryto can be life changing. I recently wrote an article on hive about how the crypto can help you get out of the debt. I also wrote post about what you can do when you lose everything financially and had to start over.

I wanted to give that article an angle from the crypto perspective. This way people could learn about the crypto investment and also learn about how they can live within their means using crypto spending and investment.

So today I wanted to discuss something different and that way I wanted to learn about crypto and also wanted to see how I can make the most out of it. So I am trying to include the crypto investment the right way for budgeting.

Let's discuss how to live within your means using the crypto earnings that you have made using the writing sites, blogs etc.

Here are some of the ways that I am trying out these days.

Use Crypto Staking Returns for Spending

You earn money from the crypto staking and you get the rewards out of the same. A lot of people these days are investing into the coins which can be staked. This is one of the earning sources that people have and they use it the right way in their budgets.

You can do the same. You can invest into the staking coins and make sure to lock your coins with the good groups that allow better staking rewards. This can be a good start for the ROI percentage.

I can also suggest checking out the places like NEXO and Celsius. As these two options are good for those who want to stake their coins and earn some percentage of the returns out of the same.

I am experimenting with some of the sources for the crypto staking and in near future may write about them in depth on how my experience turned out with the same.

Don't Spend Money on Things You Don't Need

Some of the things that you don't need in your life you have to manage them the right way. You have to understand that you can buy things using crypto but why waste money on wrong things.

Spend your hard earned crypto on the things that are super important. Like buying computer, bike, maybe buy house or land. You can also invest into the stocks and the mutual funds with the same.

Those things earn you some sort of the reward and then those things could make it easier for you to be financially independent lot easier as well. So this way you are giving better direction for your money including crypto.

When you want to be financially independent make sure to reduce your expenses on things that you don't need. Start investing into the things that give you some returns.

Track Your Crypto. Track Your Savings. Track Spendings.

This may appear like a set of bad practices where you are not tracking your life in general. You need to start doing that. You have to track your spending and savings.

You have to do that in such a way that you get your crypto and other form of the savings properly tracked and invested. This also gives you overview of your financial conditions.

Starting with recording those spendings, savings and investment is just another start. You would reach much better place in the finances when you know what and where of the investment.

A lot of people learned where to invest by tracking their actions. Be it financially or other ways. So tracking is a battle begun and tracking is a battle half done when it comes to finances.

Add More Income. Add More Crypto.

Sometimes you have no means for improving the income. You have to add more income otherwise there is no way to improve. You have to add more sources of money for the same.

Like you have to diversify more income and more investment needs to be made. A lot of new coins to be invested into gives you a direction for the investment. I'd recommend you to find more coins to invest into as well.

After you do this to the crypto, you should find more means for the FIAT too. You can earn from the FIAT income and then diversify those sources for the finance improvement as well.

What do you think?

This is just my version of what one should do to live within means using crypto. And these things may vary when you are dealing purely with the FIAT. That should make things a lot different.

How about you? What's your opinion on living within the means?

I'd appreciate your comments :)