When it comes to such a list, what should be considered more is our needs and not our wants. We should know the things that are needed, and the things that we just want. Those wants are some unnecessary stuffs that you don’t really need, and they might just be causing unnecessary expenses which will result to lack of funds when you really need it. Actually I’m not the type that think of things a lot, and when I have a want for something, I really don’t think too much about it and I don’t make plans at all for it, and by doing so sometimes I do forget all those unnecessary wants, and only put more focus on what I really need. Unless that happens to become something necessary at some point, then I might decide to go for it and that is if I have enough for it.
But, if you can live without it, there is really no need to break the bank to an extent that you will be uncomfortable. I see some people who are living off a monthly salary, but before their salary would arrive, they have already planned on how to spend on unnecessary things, which is quite bad.
Topic: Getting things off your list. (Read 591 times)
I think the problem is getting what you want is not that complicated for some but definitely difficult for many especially to those who consider lot of things. Factors like family, job, socio economic status very much affects such decisions. Prioritization takes place and other times its harder to fill the gaps when you do not have enough to provide everything. What I admire is that people try to strive harder to reward themselves with a bit of pampering or a simple gift. But I do agree that investments are important.
The problem with satisfying your wants is that technically wants are infinite, when it comes to our needs human need very little, just some food, water, a place to sleep and most of that can come relatively cheap.But when we add wants to the equation there is not shortage of impossible or almost impossible wants to fulfill, wants are what get people in financial trouble as people desire more than what they can afford and decide to buy what they want anyway, causing themselves financial strain to the point they cannot pay their debts anymore losing the assets they bought and the money they used to buy it.
Maybe this is more in the realm of financial management and needs.
Usually we will divide the needs into several stages.
Among them are:
- Important and urgent needs
- Important but not urgent needs
- Need Now
- Future needs
And each list of these needs for each person will be different.
For example, I currently do not have a car and a house.
However, due to circumstances because I will soon have children, I will choose to buy a car first. especially if I still have time to occupy my rental house for the next year.
And to buy a car, I also need to consider the need for money.
And it's true, if we have the money, it's easy for us to buy it right away. But the problem is that not everyone can buy or fulfill these needs as soon as possible, especially considering that the money is not enough. So choose to save for a while while collecting money again with any business including trading, investing, and so on.
Usually we will divide the needs into several stages.
Among them are:
- Important and urgent needs
- Important but not urgent needs
- Need Now
- Future needs
And each list of these needs for each person will be different.
For example, I currently do not have a car and a house.
However, due to circumstances because I will soon have children, I will choose to buy a car first. especially if I still have time to occupy my rental house for the next year.
And to buy a car, I also need to consider the need for money.
And it's true, if we have the money, it's easy for us to buy it right away. But the problem is that not everyone can buy or fulfill these needs as soon as possible, especially considering that the money is not enough. So choose to save for a while while collecting money again with any business including trading, investing, and so on.
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The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.
Matter of fact, it is in fact beyond price hike. I mean if you actually plan on using profit from your crypto investment, is better you get it done once and for all and have it cleared from your list basically because you never know how of what the market will react tomorrow.
I think the problem is getting what you want is not that complicated for some but definitely difficult for many especially to those who consider lot of things. Factors like family, job, socio economic status very much affects such decisions. Prioritization takes place and other times its harder to fill the gaps when you do not have enough to provide everything. What I admire is that people try to strive harder to reward themselves with a bit of pampering or a simple gift. But I do agree that investments are important.
The problem with satisfying your wants is that technically wants are infinite, when it comes to our needs human need very little, just some food, water, a place to sleep and most of that can come relatively cheap.But when we add wants to the equation there is not shortage of impossible or almost impossible wants to fulfill, wants are what get people in financial trouble as people desire more than what they can afford and decide to buy what they want anyway, causing themselves financial strain to the point they cannot pay their debts anymore losing the assets they bought and the money they used to buy it.
I think the problem is getting what you want is not that complicated for some but definitely difficult for many especially to those who consider lot of things. Factors like family, job, socio economic status very much affects such decisions. Prioritization takes place and other times its harder to fill the gaps when you do not have enough to provide everything. What I admire is that people try to strive harder to reward themselves with a bit of pampering or a simple gift. But I do agree that investments are important.
That's what I do. When I want to buy something and I have enough budget, it won't take long and I'll buy that for my family. I rarely buy things for myself and that's what I'm doing to give comfort to my loved ones. I don't want to tell my next plan so that there won't be any hindrance soon. Because there's this experience of mine whenever I get excited about my plan and tells it to somebody, there's a sudden obstacle that happens which delays my plan.
there is a story from an acquaintance of mine who is wise in investing, so for necessities whose value is shrinking such as cars, phones, and others, he chooses to buy secondhand
so it prioritizes money to invest and it opens our minds to be rich not to look rich
so it prioritizes money to invest and it opens our minds to be rich not to look rich
If you keep purchasing things because you feel you can want and can afford them don't you think you'll draining your finances??
and this what is said to be wasteful in the future will have an impact on the value of his life which is getting worseI mean it's okay to purchase things if they're really important and necessary but inadequate management of funds because you feel you need them at the time is a big threat to once financial health.....
If you're going to purchase things, make sure they're worth it and not just because you feel the want of owning them.
being wise in living life is the most difficult thing because unlimited desires make people not think too long so they buy something to satisfy a momentary desire that will grow and grow If you're going to purchase things, make sure they're worth it and not just because you feel the want of owning them.
If you keep purchasing things because you feel you want and can afford them don't you think you'll be draining your finances??
I mean it's okay to purchase things if they're really important and necessary but inadequate management of funds because you feel you need them at the time is a big threat to one's financial health.....
If you're going to purchase things, make sure they're worth it and not just because you feel the want of owning them.
I mean it's okay to purchase things if they're really important and necessary but inadequate management of funds because you feel you need them at the time is a big threat to one's financial health.....
If you're going to purchase things, make sure they're worth it and not just because you feel the want of owning them.
things will cheaper as time goes by, you cant get new version but still get what you need, you getting help from that things.
the problem is people desire always need to fill with something we dont need. you can buy because you dont have any obstacle, have good income every month, and many people cant get what they need because they attach importance to the other thing.
the problem is people desire always need to fill with something we dont need. you can buy because you dont have any obstacle, have good income every month, and many people cant get what they need because they attach importance to the other thing.
Many people who already have a steady income but often experience financial problems, it's definitely because they don't manage their
finances well. So no matter how big our income is, we will always experience financial problems if we don't make good financial planning.
I even found some people whose expenses are greater than their income, then finally the person is stressed and has a lot of debt. So make
sure we manage our finances well, so that we can prioritize buying the things we need and can avoid financial problems. Because if we
experience financial problems it will usually cause other problems and if that happens it will destroy our lives.
The main problem for people who already have a steady income is how they can manage their finances properly. But they can not do that because they think that their expenses still come to them even if they already manage it for every month. Maybe we really need to spend some money on our backup funds just in case, we have an urgent situation that needs money. But we must not use that money for other expenses because that will be a reserve for our finances.finances well. So no matter how big our income is, we will always experience financial problems if we don't make good financial planning.
I even found some people whose expenses are greater than their income, then finally the person is stressed and has a lot of debt. So make
sure we manage our finances well, so that we can prioritize buying the things we need and can avoid financial problems. Because if we
experience financial problems it will usually cause other problems and if that happens it will destroy our lives.
Managing our finances is not easy but we need to practice because we will have more expenses in the future so if we can practice from now on, it will not be difficult when we see the change in our lives.
Good idea, to be able to train how to manage our finances well, can start by setting aside some of our income as a reserve fund. When we suddenly
have an urgent need, we can use the reserve fund, and don't need to go into debt. It is not easy, because often when the reserve funds we collect
are more and more, usually we will be tempted to spend it on things that are not really important. So it is not enough just to train to manage finances,
but we do need to have a strong will from ourselves. That way we can commit ourselves to only using the spare money we collect for urgent matters.
We must be able to start managing our finances as soon as possible, before it is too late and we become in debt.
Many people who already have a steady income but often experience financial problems, it's definitely because they don't manage their finances well. So no matter how big our income is, we will always experience financial problems if we don't make good financial planning.
I even found some people whose expenses are greater than their income, then finally the person is stressed and has a lot of debt. So make sure we manage our finances well, so that we can prioritize buying the things we need and can avoid financial problems. Because if we experience financial problems it will usually cause other problems and if that happens it will destroy our lives.
My parents are like this, they do have a great income thanks to their smart retirement investments, and even own their own home but they have a huge debt as well and they are spending more than what they have. Not because they want to and they like to, I mean they have some medical bills that they need to pay which makes it hard for them to live but I am sure they could drop their cost of living if they lived a bit smaller.I even found some people whose expenses are greater than their income, then finally the person is stressed and has a lot of debt. So make sure we manage our finances well, so that we can prioritize buying the things we need and can avoid financial problems. Because if we experience financial problems it will usually cause other problems and if that happens it will destroy our lives.
I am sort of on the same ship as well, I can't say that I am doing amazingly well neither, I have a great income, I am making good amount of money with my work, but at the end of the month no matter how much money I made, I always end up not having too much to spare. I mean I always put up some bitcoin on the first of every month as soon as possible and consider that as a cost, but aside from that even when my income doubled, I managed to still spend it all.
It is important to watch for this as many people that would have otherwise retired early on their lives have to keep working until their last breath as they cannot control their spending at all, still this does not mean that you should not increase your living standards if you have more money, you just need to avoid to spend it all and also plan for the future by saving and investing.
Many people who already have a steady income but often experience financial problems, it's definitely because they don't manage their finances well. So no matter how big our income is, we will always experience financial problems if we don't make good financial planning.
I even found some people whose expenses are greater than their income, then finally the person is stressed and has a lot of debt. So make sure we manage our finances well, so that we can prioritize buying the things we need and can avoid financial problems. Because if we experience financial problems it will usually cause other problems and if that happens it will destroy our lives.
My parents are like this, they do have a great income thanks to their smart retirement investments, and even own their own home but they have a huge debt as well and they are spending more than what they have. Not because they want to and they like to, I mean they have some medical bills that they need to pay which makes it hard for them to live but I am sure they could drop their cost of living if they lived a bit smaller.I even found some people whose expenses are greater than their income, then finally the person is stressed and has a lot of debt. So make sure we manage our finances well, so that we can prioritize buying the things we need and can avoid financial problems. Because if we experience financial problems it will usually cause other problems and if that happens it will destroy our lives.
I am sort of on the same ship as well, I can't say that I am doing amazingly well neither, I have a great income, I am making good amount of money with my work, but at the end of the month no matter how much money I made, I always end up not having too much to spare. I mean I always put up some bitcoin on the first of every month as soon as possible and consider that as a cost, but aside from that even when my income doubled, I managed to still spend it all.
The main problem for people who already have a steady income is how they can manage their finances properly. But they can not do that because they think that their expenses still come to them
Aside from making some cash, management is one important factor to its preservation. One who lacks management qualities is likely not going to get rich or wealthy for too long. In your bid to satisfy every pressing need or want you could loose a major part of your portfolio. It is said that, your needs grows with you and your achievements hence, there are needs that coincides with your status to keep you in line. Aside from that, the world is everyone for himself and everyone wanting to get what you've got so, securing the means to your satisfaction of what's and needs becomes of real concern.
The main problem for people who already have a steady income is how they can manage their finances properly. But they can not do that because they think that their expenses still come to them
Aside from making some cash, management is one important factor to its preservation. One who lacks management qualities is likely not going to get rich or wealthy for too long. In your bid to satisfy every pressing need or want you could loose a major part of your portfolio. It is said that, your needs grows with you and your achievements hence, there are needs that coincides with your status to keep you in line. Aside from that, the world is everyone for himself and everyone wanting to get what you've got so, securing the means to your satisfaction of what's and needs becomes of real concern. In a pandemic situation like now where finding work is difficult, we have to really buy the things we really need. And make it a habit to buy goods
in cash without credit, because if we buy goods on credit, it means we have not been able to buy these goods and will only burden our expenses.
I agree that we really have to have a good plan on how to manage our money's income and expenditure. By making a list of what items we will buy,
then sorting by priority, will help us in managing spending money. Because our money is limited, so we have to manage it well, so we can leave
a little of our income for investment. Suggestions to buy first the items we need, after that we can buy one by one the items we want. Because
it is very important for us to be able to distinguish between needs and wants. The items we need are usually urgent and the items we want don't
matter if we delay buying them.
So we agree that we need to buy the items we need because that is what we use daily and after that, we use the other to buy the other items we want or save the money to prepare for the other things we want to buy. The thing in the list can change or modify based on the current situation so we need to have urgent money to prepare just in case we need the money. I am sure if we can manage our funds properly, we will not have a problem while we can also save some money for our future.in cash without credit, because if we buy goods on credit, it means we have not been able to buy these goods and will only burden our expenses.
I agree that we really have to have a good plan on how to manage our money's income and expenditure. By making a list of what items we will buy,
then sorting by priority, will help us in managing spending money. Because our money is limited, so we have to manage it well, so we can leave
a little of our income for investment. Suggestions to buy first the items we need, after that we can buy one by one the items we want. Because
it is very important for us to be able to distinguish between needs and wants. The items we need are usually urgent and the items we want don't
matter if we delay buying them.
Many people who already have a steady income but often experience financial problems, it's definitely because they don't manage their
finances well. So no matter how big our income is, we will always experience financial problems if we don't make good financial planning.
I even found some people whose expenses are greater than their income, then finally the person is stressed and has a lot of debt. So make
sure we manage our finances well, so that we can prioritize buying the things we need and can avoid financial problems. Because if we
experience financial problems it will usually cause other problems and if that happens it will destroy our lives.
Managing our finances is not easy but we need to practice because we will have more expenses in the future so if we can practice from now on, it will not be difficult when we see the change in our lives.
everyone has a desire and what they want will change according to the amount of money they hold. if it is enough then buy it before the desire changes but we also have to be wise with that
Desire will never end because basically we are sometimes not satisfied with what we already have,so buy something that really becomes a priority or according to what we need not according to what we want,
indeed things like this are sometimes difficult to control and we need to be wise in making decisions
everyone has a desire and what they want will change according to the amount of money they hold. if it is enough then buy it before the desire changes but we also have to be wise with that
One thing that I'd like to add is that if it's a want, you really don't have to go real fast achieving that goal because no matter how you look at it, it will always end up with you having to not really benefit from it in the long run, best thing to do would be be to reserve the wants for later. Being content with what you have is already a good thing in my opinion since you won't be chasing the bag harshly which we all know isn't really a good thing to do ever.
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