How do you organize your finances between fiat and Bitcoin? \ stacker news ~AskSN

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How do you organize your finances between fiat and Bitcoin?

328 sats \ 16 comments \ @guerratotal 21h AskSN

I'm at the point where I want to have a clearer structure for managing my day-to-day money in fiat and my long-term savings. I'd like to know how you do it in practice.

Do you completely separate your monthly expenses (food, rent, transportation) in fiat and save Bitcoin only? Do you use Lightning for small expenses? Do you have a personal rule like "X% in fiat / X% in BTC"? Is there a wallet or tool that has helped you visualize this better?

I know everyone's situation is different, but I'm interested in seeing how other Bitcoiners are experiencing this transition in real life, beyond the theoretical.

Ideas, strategies, or simply personal experiences are welcome.

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130 sats \ 1 reply \ @Enemy_of_the_state 17h

100% direct deposit to bitcoin on strike, as much low interest debt as possible (mortgage + heloc,) negative bank balance with overdraft protection. Pay all bills possible with credit cards for free 30 day loan, then pay those bills with automatic bill pay from bitcoin strike balance.

In a nutshell, the largest fiat debt that makes sense and 100% bitcoin.

0 sats \ 0 replies \ @guerratotal OP 7h

So, your money (salary, earnings, extra money from something else) is sent directly to Strike, and you pay your mortgages and loans in Bitcoin from there (Strike)???

So, if I understand correctly, by keeping that money in Bitcoin, it appreciates in value, and your mortgage will feel less valuable over time. Would that be the case?

34 sats \ 0 replies \ @Undisciplined 21h

I don't have a very precise process, but I use the various stacking tools at Fold and occasionally adjust them upwards when I notice that I'm accumulating fiat.

Otherwise, I'm just trying to gradually shift towards earning more bitcoin and spending more with bitcoin merchants.

22 sats \ 0 replies \ @LibertasBR 14h

I’m studying a way to convert all my fiat earnings directly into Bitcoin and use only that. Bitwage might be ideal — I’m still evaluating. The goal is zero fiat. I know it won’t happen overnight, so I need to reach some smaller milestones before achieving that bigger one.

10 sats \ 0 replies \ @Bell_curve 16h

90 percent bitcoin, 10 percent fiat for paying bills

rebalance monthly

I think @freetx suggested this 2 years ago

0 sats \ 4 replies \ @itsrealfake 15h

bank: 0 credit: maxed

2 sats \ 3 replies \ @guerratotal OP 7h

EI'm also in the process of zeroing out my credit cards, and I'm trying to save up to pay everything in cash.

Now I just want to see how easy it is to bring Bitcoin into real life. See the possible uses.

23 sats \ 2 replies \ @itsrealfake 4h

yeah... I've had maxed cards in the past, when I was 19... it was awful, and I spent many years dealing with the consequences of that.

I'm a bit older now, and I only have one credit card. maxed it out last year on a trip to Japan... but in the year since I've had it maxed my BTC has appreciated more than the card + interest. Now I'm spending sats to pay that credit card & despite the obvious dangers, I'm finding it's not terribly hard to get the balance to drop.

For a few months though, before this last months of pump, I was running into troubles because I didn't have any liquid assets that it made sense to use. Probably lost some hair during that time, heh

25 sats \ 1 reply \ @guerratotal OP 4h

More or less at this moment I have some things past in credit, and I am buying some BTC on DCA every day, I am making a reserve in fiat for the day to day, I am using a credit card (which works as a debit) that gives a cashback in BTC, with which I also accumulate some sats, I am entering this world little by little and getting out of a bit of debt.

0 sats \ 0 replies \ @itsrealfake 4h

you'll appreciate yourself in the future for having done the financial work to be in a better place.

good job!

0 sats \ 1 reply \ @Solomonsatoshi 16h

Use LN whenever possible which is not as much as I would like as so few merchants accepting but I definitely preference any merchant who does take sats. Due to the massive state and bankster obstruction of sats MoE utility I am forced to mostly use sats for saving. I keep enough fiat shitcoinery to pay bills as most can only be paid with fiat shitcoins...but most of my savings are in sats...increasingly so as fiat shitcoins constantly debasing toward zero! Use your monetary power to support sats accepting merchants wherever they are available as it is still a challenge for most merchants to accept due to general population ignorance, msm fud, bankers threats of debanking in many places still and almost universal state obstruction via imposed tax complexity and inequity.

0 sats \ 0 replies \ @guerratotal OP 6h

Actually, here in my city, there is no one registered on BtcMap, and so far I haven't seen anyone like that who accepts bitcoin.

0 sats \ 0 replies \ @denlillaapan 19h

Nah, money is fungible — everything jumbled around

0 sats \ 0 replies \ @Aardvark 20h

I weekly DCA weekly and put any spare money into bitcoin at the end of the month. I start the month with the same amount of money in my checking account always.

0 sats \ 0 replies \ @Dayan29 18h outlawed

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.

0 sats \ 0 replies \ @Macoy31 17h outlawed

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.