Topic: Do you find yourself doing unnecessary purchases when there is plenty.. (Read 407 times)

Yup.

I guess everyone does because we don't have to think of money and if we can afford it or not because the thing is, we can. I am guilty that I'm telling people, friends and family to live frugally but then this is my way of rewarding myself so I think that it should be fine.

Because the things that I think that are unnecessary purchases for me although not yet in used for now but maybe in the future like tools but most of the time, foods.

Yes, I also noticed in myself that I always buy things that are not necessary especially when I have a lot of money. Then when I'm short on money, I'll just save because that budget doesn't seem to be enough.
I also remembered that I borrowed money from my friend because I was short on money in those days and he couldn't lend it to me because he needed it too. So after that I really changed myself. The things I bought are also piled up at home.

Actually, this tendency is more common when we suddenly get more than what we want It will help to maintain consistency and if we do not invest savings then the result will be like before then there will be nothing to despair an above.Every person should try to manage himself and his expenditure by making a budget and if one fails then there will be an imbalance between his income and expenditure then he will have to face up to it Backwards will come down quickly. Of course, we should plan properly and not spend on luxuries or unnecessary things other than those that are necessary Income should be considered.

*This trend is more common when there is a lot of new money in a hand and the failure stories are more common in these cases.

This is a human nature mate.

like you said there is Plenty , so we can have some amount for unnecessary purchasing.

But at least consider not spending Higher than what we earn .

Hahahaha, thats funny but sometimes correct .

Do you find yourself doing unnecessary purchases when there is plenty.


No! Ran out of money doing the necessary purchases.

To comment on my own behalf, it actually doesn't make any sense whether I have a lot of money or not for unnecessary expenses. To give an example of how I spend my salary, I usually think that since I have just received my salary in the first days of the month, I have money after all and I start spending like crazy. Of course, after a certain point I have a limited amount of money left because I spend most of my salary and then I start spending it thinking that I can at least buy or do this because I don't have much money left anyway. So when it comes to unnecessary expenses and me I see that I consume meaninglessly 😃

In summary, while I spend recklessly since I just received my salary at the beginning of the month, I continue to spend my money which decreases in the middle and towards the end of the month thinking that there isn't much left anyway. At the beginning of the month, I feel like a sports car with a full tank of fuel and at the middle and end of the month I feel like a truck whose brakes have burst and continues to go downhill by pressing the gas.

I must admit to myself and to you guys that unnecessary purchase is indeed my kind of thing , but not like others that I blame this attitude? for me its not because sometimes what I did bought unintentionally had bring me comfort sometimes.

Like recently when I bought a Cute Bluetooth speaker as I only come across in a market ,yet I still have my JBL speaker meaning this is just an excess buying.

but what made it best? after few days of purchase? my JBL speaker stopped working so that cute one needs to takes place, though this is not really a good act because we can use that money for some other important thing.

That's good, although setting aside a little to save so that it can be used for urgent needs is in my opinion a good preparation so that when we are in an urgent difficult situation we can use the savings, and set aside for business. I think this is what everyone should have in managing their finances, everyone should force themselves to save if they already have an income and not prioritize lifestyle. I agree with you and I salute what you do in managing your finances.

Yes indeed managing finances is not easy there are temptations like you said about you always changing vehicles in order to look cool and capable, this in my opinion is not a wrong matter everyone wants to look cool to others, even though we follow a luxurious lifestyle as long as we can manage finances well it doesn't matter, but indeed some people find it difficult to manage finances and only focus on a lifestyle that wants to look cool without thinking about the future that exists by spending all the income they get, this is not a problem for me just if they can afford it then go ahead. So in conclusion, in my opinion, style with what you have, look sober and save money so that you have savings for the future.

Of course, to be able to manage finances and expenses well requires a fairly long process until in the end we are able to do it.
Even though I don't have any additional responsibilities because I am only responsible for myself, to respond to possibilities that occur such as urgent needs, I always set aside some of my money for savings and I also don't forget to set aside some of my income to be used as capital. investment to support my children in the future when I have a family or at least as provisions for when I am old.

And as I said, to be able to manage your finances well requires quite a long process and along the way, before I could manage my finances well like this, I once behaved stupidly by constantly changing to cooler vehicles so that I could look capable. in the eyes of others. Which actually I don't need to do because it will only cause losses. However, behind it all there is wisdom and learning that has made me a better person in managing finances and expenses.

It would really be called our nature as humans if indeed all the factors we have support such as for example what you mentioned with increasing finances then surely our purchasing power and desires will also be higher. But in my opinion this is not a matter of desire but only to fulfill needs if indeed your needs are increasing, it is quite clear that there are many factors that cause why you spend more money than usual, for example you already have children then obviously there will be money that you have to allocate for your child's needs, no matter with your finances increasing or maybe normal because it is a necessity that must be done.

But for lifestyle issues that are very much related to desire, I don't think it's necessary. If you're one of those people who has good money management then I'm sure you won't be tempted to allocate that money for things that you don't really need and don't need, like for example to improve your lifestyle. It's just a formality that is only to be shown to the public eye and that produces satisfaction that you can feel, not really giving benefits except for satisfaction. I am sure if you are able to manage it well then you will prefer to live as usual and allocate the money you have to a place that can provide you with more significant benefits for your interests in the future, such as investing or buying some property that will essentially be able to have a much greater increase in the future.

If you know a person that spends money unnecessarily then you should talk to him. Money this days are hard to get and to spend them unnecessarily because you have plenty is unwise. You can introduce the person to Bitcoin, teach him and tell him to start investing in Bitcoin gradually. Its better he spends the money on buying Bitcoin rather than spending on things without future hope. This is my humble suggestion.


I hold firmly to what you have just said. At most point in time there have been some periods when a man earns good salary or got a big pay from his job. The only thing is that at that period they do not have a plan that is why it seems they spent the money unnecessarily. The biggest way to stop wasting money is to have a plan. When you have enough money with you and you are tempted to spend money impulsively, ask yourself if what you want to spend on it will help you achieve your plan or draw you closer in achieving that plan.

This is something that is considered normal because it is human nature after all.
When our economy grows well and money continues to flow into our personal pockets, we will also indirectly adjust to the needs that will indeed become more than before. But that's just my polite way of saying this because in the end we will also try to become habitual and buy what we have never tasted which makes when our economy increases then the needs will also increase because our lifestyle changes.
This is indeed an action that actually makes a habit and makes us wasteful but on the other hand things like this are difficult to prevent because after all this is the nature of us as humans who always feel less and will forever be like that.

Can't really say it "unnecessary"

Most of the purchase I did, was thorough the planning so I can actually afford it instead of just randomly buying stuff without any plan first. As the time goes, that kind of mindset is always bugging me because maybe you would need that money in the future even though "it's flowing", I guess it's just a human nature and you won't get fed up with everything you buy, you just want more and more the only way to stop that "unnecessary" purchase is by yourself and you need to stop that once you experince it.

Yes. I experienced this when I was earning so much money too, I found that there's no limit to how much I spend but when the budget caught up I was faced with a harsh truth. I think learning about budgeting allowed me to actually leave the month with a surplus rather than ending the month with no money until the next paycheck comes. Once I started budgeting and tempering myself with discipline I started seeing differences in how I much I can earn and save, I'm a frugal person at heart and the country that I live in is not that expensive by the dollar, so I was able to save a lot of money after getting that massive reality check in the face.

Basically there is nothing like unnecessary purchases for me because for every dime I spend, it has already been predetermined and most times, I spend almost all of my money on health and that's why I also barely have to change cloths or make any unnecessary purchase and I don't even drink or smoke and due to my health, I also see those stuffs are unnecessary hence I don't spend on them and currently I'm the bread winner of my family and ought to be responsible  with every money in my possession.

So I basically barely find myself in situations of making unnecessary purchases.

All matters on how you would really be able to sustain it because this had been that typical issue on the time that you are living on a decent life on which you could really be able to buy on things that you do like or simply that being too lavish then most people do really end up on getting wrecked because of too much spending and their income cant really be able to support that kind of lifestyle. Yes,we do only live once and we do make outmost of it but there are really some dumb ideas and actions on which it isnt really that something worth to follow on, specially on this kind of perceptions in life that you should live life to the fullest and trying out to experience a life which you can buy on everything. Its true that we cant really be able to know on how long we do live on this world and specially if you do have your own family then budgeting would really be that necessary or something that should really be in default.

We know that there's no such thing about unlimited fund and if you do keep on spending on something useless impulsively and time comes that you dont have enough money anymore
on supporting your impulsive buying or spending then this is where or when the time you would really be regretting in all the actions that you had made out earlier.
Regrets do always come at the end and dont make yourself that come into such point that you would really be struggling on living.

Many people continue to repeat the mistakes they made. And he finds himself in a dead end. What separates you from those people is that you know what your mistake is. You are aware of the situation you are in. You can solve a problem that you are aware of. If you weren't aware of it, I can say that the real problem existed then.

Stop repeating your mistakes and create a plan. Move forward with the plan you made and watch your own success as you don't repeat the mistakes you made.

It's just life man, life sometimes doesn't let you end up with money at all and you end up with trouble, there isn't much we can do about it and just have to agree that it's not going to happen in any other case, it's just how it works. I believe that we need to realize that we are not going to end up with anything that is decent or anything that is scary, we just have to end up with something that would be as much as we can do so that would live decently.

I personally prefer that we could end up with a situation that would be as decent as it gets and that's how the situation goes on. I get that sometimes we can fail, but all we can do is keep trying and just move on with life, just try and keep trying that's more than enough.

Sometimes money can make us forget everything, including planning how to use the money.

As in the previous incident, I planned that when I get my monthly salary, I will use the money to meet my needs, give some to my parents and set aside some for savings. But in reality, after I got my monthly salary, I did something careless by spending most of the money to buy the latest cellphone. which ultimately resulted in my needs not being met, I couldn't give money to my parents and I didn't have any money to save. And to answer all that, like it or not, I have to take out a loan because my parents need money and my needs have not been met. And unfortunately, after a few weeks I had to sell the cellphone to be able to pay off my debt.

However, starting from this incident, it made me aware and made me someone who is able to carry out good financial management.

I perfectly remember my insane state when I saved up a lot of money for bounty here on the forum, and also to check a number of successful investments, it gave the effect of compound interest - a very good profit. I went into the store and took everything I like. And only when cryptocurrencies stopped growing, and when the era of ICO passed, I found out the prices for a lot of things I bought in the store without thinking. My spending has become much more reasonable, and I have installed an application where I record all my purchases.  

I would like to give advice to everyone who goes bitcoin - guys, sometimes withdraw cash, don't save up all the time. Because if the cryptocurrency winter comes, you will be left with pennies of profit.