How to spend money determines whether you can avoid unnecessary problems - page 2.

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Quote from: Marcellin9 on February 22, 2023, 04:32:31 AM

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money. This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out. I hope you are not one of them.

I don't believe that having a coffee every morning going on a date with a girl, drinking in a bar and so on are unnecessary actions done to waste money. But it's a part of stress release, enjoyment, etc. Why should we earn money if we can't spend it? You can't judge their life by spending their own money. Spending money is not a bad idea, but spending lavishly is. When we have control over our spending and are aware of where we are spending, then it's controlled spending. Spending on luxury items, great food, and enjoying things is not unnecessary in life. It's part of our lifestyles, and one's necessary is another's unnecessary, so simply put, it's not our business what they are spending on.

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Quote from: DVlog on October 01, 2023, 02:27:51 PM

Rich people earn more money by using their asssets not money. Your fiat currency is useless as it is losing its PPP power every second. So as long as you are holding your paper cash and not buying any asset like bitcoin, gold, land with it you are not utilizing it.

Poor people don't think investment is a waste of time and they know that rich people increase their wealth by investing money. They don't want to invest their money because they think that if their investment turns negative they will lose their small money as well. Their lack of knowledge about money management let their fear dominate them.

You are correct from some examples of people around my city shows absolutely results of what you are saying. From op holding money in bank doesn't show any wiseness although it serves as a reserved fund to back up whatever expenses we are making but sometimes we also need to consider putting money in bank or saving money banks doesn't add any value to our income and to our life's rather we can access it at our pleased time. Instead of holding money bank it would ideal investing it is another means to secure more Income whereby the money invested has created another channels of income to our financial status.

Most time cutting down our expenses also positioned us to have some spare reserved funds with us, like what op highlighted and yet couldn't meet up paying our bills while we keep spending in an unnecessary things could either create more lost to us instead of adding. The only way to enjoy money is when it turns to assets by then we can spend some little percentage from the investment that is why today the rich always getting Richer while the poors keeps draining and swimming in adject poverty.

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Quote from: MFahad on October 01, 2023, 01:04:59 PM

Agree with your statement as if you are using money then more money will come to you. The wealthy people are wealthy because they create new way of earning through utilising their own money. Poor people think that if they spend their earning and reward then there will be nothing with them to buy expensive things but they forget that desires can be achieved anytime but once you spend money in useless activities then you will not able to increase your cash.

Sometimes they think that investment is a waste of time but they don't remember that with this investment you can avoid harsh situations, your life will not be burden for you.
May be they are not investing as they wants the happiness of their family to feed them in restaurant and to give them expensive cloths but they can also invest money because after some patience they will be able to give more comfort than this if they wisely invest in wise coin as it will offer them passive income.

Rich people earn more money by using their asssets not money. Your fiat currency is useless as it is losing its PPP power every second. So as long as you are holding your paper cash and not buying any asset like bitcoin, gold, land with it you are not utilizing it.

Poor people don't think investment is a waste of time and they know that rich people increase their wealth by investing money. They don't want to invest their money because they think that if their investment turns negative they will lose their small money as well. Their lack of knowledge about money management let their fear dominate them.

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Quote from: MFahad on October 01, 2023, 01:04:59 PM

Agree with your statement as if you are using money then more money will come to you. The wealthy people are wealthy because they create new way of earning through utilising their own money. Poor people think that if they spend their earning and reward then there will be nothing with them to buy expensive things but they forget that desires can be achieved anytime but once you spend money in useless activities then you will not able to increase your cash.

Sometimes they think that investment is a waste of time but they don't remember that with this investment you can avoid harsh situations, your life will not be burden for you.
May be they are not investing as they wants the happiness of their family to feed them in restaurant and to give them expensive cloths but they can also invest money because after some patience they will be able to give more comfort than this if they wisely invest in wise coin as it will offer them passive income.

There’s always this popular saying that says “the rich remain richer while the poor remains poorer”. No one is design to be rich or poor but how well we manage our risk taking. The rich do not hesitate to take risk and as we all know without risk there’s no reward. For anyone who relies only on his salary to survive, without proper utilization of their income will end up living a life of rollercoaster. The misuse of money by some salary earners have made them prisoners of the system. I don’t see the need for an expensive restaurant or expensive clothing or luxurious life if you’re living on a monthly budget.
The rich will always seize any opportunity that warrant them making more money, because they believe they have the money to try anything new. It’s hardly you see a very wealthy person show off by buying things that’s is not worth buying at a particular time. There’s time for everything, you don’t go about buying unnecessary things while you’re in the building phase of your life. Invest your money, spend wisely on the things that matter. Once you’re able to buy anything twice irrespective of the cost and still be comfortable, then you’re starting to be free from the shackles of poverty.

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Quote from: DVlog on September 28, 2023, 04:30:53 PM

Then you won't believe me if I say poor people do the stupidest thing when they get some extra money. Do you ever think of why poor people remain poor when rich people increase their wealth every second?

When poor people got some fortune and some extra cash they got it hand they tried to fulfill their desire. Some wanted to go to a fancy restaurant, purchasing something that is liability, buy some new clothes, decorate their home etc. None of this can generate money for them when that money can be invested in some assets. Rich people buy assets and let those assets pay for their desires.

This is not because poor people do not want to increase their income. Their lack of knowledge and fear of investment made them do these things.

Agree with your statement as if you are using money then more money will come to you. The wealthy people are wealthy because they create new way of earning through utilising their own money. Poor people think that if they spend their earning and reward then there will be nothing with them to buy expensive things but they forget that desires can be achieved anytime but once you spend money in useless activities then you will not able to increase your cash.

Sometimes they think that investment is a waste of time but they don't remember that with this investment you can avoid harsh situations, your life will not be burden for you.
May be they are not investing as they wants the happiness of their family to feed them in restaurant and to give them expensive cloths but they can also invest money because after some patience they will be able to give more comfort than this if they wisely invest in wise coin as it will offer them passive income.

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Quote from: romero121 on September 28, 2023, 07:58:59 PM

Poor people lack knowledge on investment and they were agonizing to have something which they've never experienced in life. This is why they just spend here and there and end up with nothing left. Through education this can be easily solved.

Another thing when we talk of poor people, there are people who aren't able to feed themselves for three times a day. With them how to suggest investment. What is more important itself isn't available and in that situation talking of next level of living is really unfair.

First of all savings needs to be encouraged. The education need to be provided on investment and other ways of making the savings better. This is how we can help with betterment of the poor people. Not everyone were able to follow it which is the hard reality.

You have raised some valid points but if we don't try to educate ourselves with the basic knowledge of business then it is our failure that we didn't try to exclude ourselves from poverty. Education was not a basic need and was not as inexpensive as it is today in the past. Still, people learn to do business with basic education in the past. If you know the letters and can read and write that is enough for you to be knowledgeable. I know it's not easy for a person who can't feed himself properly but this is not impossible if he has the will to change his life.

Our ambitions in life push us one step further to improve ourselves bit by bit and change our lives. We need to have that willingness to be someone no matter what situation our lives is going through.

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Quote from: DVlog on September 28, 2023, 04:30:53 PM

Quote from: MFahad on September 28, 2023, 07:10:08 AM

Quote from: DVlog on September 26, 2023, 05:14:59 AM

Unnecessary spending has become a bad habit in our community. People want to show off how rich they are. They think this shows their capability and ability to do whatever they want, but they end up in debt and broke. If your monthly expense is $40,000, then you need to have sources that can bear this consumption rate. People wanted to spend money on fancy things until their pockets were empty.

It almost depends on person affordability as poor people will never choose to buy branded clothes and shoes and they have faced problems therefore they never buy unnecessary things which just cause money wasting.

Whereas those who have lots of money will show themselves wealthy and they thing that there is difference of only branded clothes and shoes between wealthy and poor people which is not true because there are lots of wealthy individuals who use their money with planning and never waste any amount in those materials which they don't need.

We should reduce our expenses because if wo don't eliminate the Babbitt of using money more than our earning then one day we will have no money and will be in search of opportunity to at least earn to cover food expenses.

Then you won't believe me if I say poor people do the stupidest thing when they get some extra money. Do you ever think of why poor people remain poor when rich people increase their wealth every second?

When poor people got some fortune and some extra cash they got it hand they tried to fulfill their desire. Some wanted to go to a fancy restaurant, purchasing something that is liability, buy some new clothes, decorate their home etc. None of this can generate money for them when that money can be invested in some assets. Rich people buy assets and let those assets pay for their desires.

This is not because poor people do not want to increase their income. Their lack of knowledge and fear of investment made them do these things.

Poor people lack knowledge on investment and they were agonizing to have something which they've never experienced in life. This is why they just spend here and there and end up with nothing left. Through education this can be easily solved.

Another thing when we talk of poor people, there are people who aren't able to feed themselves for three times a day. With them how to suggest investment. What is more important itself isn't available and in that situation talking of next level of living is really unfair.

First of all savings needs to be encouraged. The education need to be provided on investment and other ways of making the savings better. This is how we can help with betterment of the poor people. Not everyone were able to follow it which is the hard reality.

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Quote from: MFahad on September 28, 2023, 07:10:08 AM

Quote from: DVlog on September 26, 2023, 05:14:59 AM

Unnecessary spending has become a bad habit in our community. People want to show off how rich they are. They think this shows their capability and ability to do whatever they want, but they end up in debt and broke. If your monthly expense is $40,000, then you need to have sources that can bear this consumption rate. People wanted to spend money on fancy things until their pockets were empty.

It almost depends on person affordability as poor people will never choose to buy branded clothes and shoes and they have faced problems therefore they never buy unnecessary things which just cause money wasting.

Whereas those who have lots of money will show themselves wealthy and they thing that there is difference of only branded clothes and shoes between wealthy and poor people which is not true because there are lots of wealthy individuals who use their money with planning and never waste any amount in those materials which they don't need.

We should reduce our expenses because if wo don't eliminate the Babbitt of using money more than our earning then one day we will have no money and will be in search of opportunity to at least earn to cover food expenses.

Then you won't believe me if I say poor people do the stupidest thing when they get some extra money. Do you ever think of why poor people remain poor when rich people increase their wealth every second?

When poor people got some fortune and some extra cash they got it hand they tried to fulfill their desire. Some wanted to go to a fancy restaurant, purchasing something that is liability, buy some new clothes, decorate their home etc. None of this can generate money for them when that money can be invested in some assets. Rich people buy assets and let those assets pay for their desires.

This is not because poor people do not want to increase their income. Their lack of knowledge and fear of investment made them do these things.

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Every man should be aware of his own life. Apathy brings life to ruin. Income should be spent wisely. If the income is 100$ and if the expenses are 110$ then there will be a crisis in life. And if the life of a low-income person is chaotic, then he himself will suffer and the people associated with him will also suffer. A lower middle class will become conscious. Why just the lower middle class? People of all professions should be aware of their lives. One should use their earned money properly. And it should be saved for the future so that if any disaster happens in life, it can be recovered with the money saved.

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Quote from: Fara Chan on September 28, 2023, 08:27:27 AM

Quote from: Y3shot on September 27, 2023, 12:18:34 PM

Lack of planning, impulse spending and proper planning are some major financial mistakes most persons make. We keep trying to secure a better future especially with the rate at which the economy is dwindling and unstable, but that will not be possible if anyone will be so unwise to continue living in a frivolous pattern. It's one thing to keep working hard to make money and another thing to be discipline enough to keep and maintain wealth.

Those who want to work hard and want to maintain their own wealth are people whose lives remain disciplined in how they use their time and also in how they use their finances on a daily basis. Because anyone can see the condition of people who like to live carelessly and there are no good examples that we can take from these people except to forget them and build ourselves better. The overall economic condition has not really improved so there is no reason for anyone not to work if we still really want to live safely and without difficulties.

I agree with you, if we want to be successful then we obviously have to work for it. We cannot expect for opportunities to come to us and just immediately change our lives for the better, we have to make our own efforts, apply changes to ourselves, and just be better and constantly learn. Moreover, if we want to be successful then we should surround ourselves with people who have the same goals and are successful as well, we cannot expect to learn and get something from people who have the opposite goals and mindset, who settle for less and what they have. Growth will only come if we have the drive to do so.

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Quote from: Y3shot on September 27, 2023, 12:18:34 PM

Lack of planning, impulse spending and proper planning are some major financial mistakes most persons make. We keep trying to secure a better future especially with the rate at which the economy is dwindling and unstable, but that will not be possible if anyone will be so unwise to continue living in a frivolous pattern. It's one thing to keep working hard to make money and another thing to be discipline enough to keep and maintain wealth.

Those who want to work hard and want to maintain their own wealth are people whose lives remain disciplined in how they use their time and also in how they use their finances on a daily basis. Because anyone can see the condition of people who like to live carelessly and there are no good examples that we can take from these people except to forget them and build ourselves better. The overall economic condition has not really improved so there is no reason for anyone not to work if we still really want to live safely and without difficulties.

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Quote from: Y3shot on September 27, 2023, 12:18:34 PM

Quote from: Marcellin9 on February 22, 2023, 04:32:31 AM

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money. This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out. I hope you are not one of them.

Lack of planning, impulse spending and proper planning are some major financial mistakes most persons make. We keep trying to secure a better future especially with the rate at which the economy is dwindling and unstable, but that will not be possible if anyone will be so unwise to continue living in a frivolous pattern. It's one thing to keep working hard to make money and another thing to be discipline enough to keep and maintain wealth.

Working hard to earn more money is indeed a solution, but it will not last if our pattern is still wrong in managing finances, especially in terms of shopping for goods for life, because there are two things that must be fulfilled in this life, there are desires and there are also needs, so we have to be smart in prioritizing things.
And the desires that fall into the lifestyle category are also quite influential on our economic stability because not everyone can set lifestyle standards such as the money they have, so these are several influential things that we must be able to control.

MFahad

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Quote from: DVlog on September 26, 2023, 05:14:59 AM

Unnecessary spending has become a bad habit in our community. People want to show off how rich they are. They think this shows their capability and ability to do whatever they want, but they end up in debt and broke. If your monthly expense is $40,000, then you need to have sources that can bear this consumption rate. People wanted to spend money on fancy things until their pockets were empty.

It almost depends on person affordability as poor people will never choose to buy branded clothes and shoes and they have faced problems therefore they never buy unnecessary things which just cause money wasting.

Whereas those who have lots of money will show themselves wealthy and they thing that there is difference of only branded clothes and shoes between wealthy and poor people which is not true because there are lots of wealthy individuals who use their money with planning and never waste any amount in those materials which they don't need.

We should reduce our expenses because if wo don't eliminate the Babbitt of using money more than our earning then one day we will have no money and will be in search of opportunity to at least earn to cover food expenses.

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Quote from: Vaskiy on September 24, 2023, 07:09:35 PM

Lifestyle change is a big problem that is found with most of the people. When does this happen? Mostly it happens when a person gets into a better position earning $1500 from $700 in the previous month. This gives him the choice to spend. Here most of them doesn't follow strict guidelines and end up borrowing at the month end. In some cases, they manage everything within it, but the savings will be the same as when he earned $700. There is nothing good or there is no room for improvement.

It's not easy to manage your finances, especially if you are not disciplined in general. A person who does everything in a way that seems like he is just getting it off his shoulders and doesn't really care, such a person will do the same with their finances, they don't care where the money is going, they don't try to have more savings because they also don't care about the future and the consequences they might face if they don't have a job some day in future.

That's why, it's always important to take everything seriously, and when it comes to money, if you are earning well, you shouldn't be careless with the money because you are privileged to have that because there are people in the world who sleep on the streets and barely get to eat a single meal every day.

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Quote from: Marcellin9 on February 22, 2023, 04:32:31 AM

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money. This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out. I hope you are not one of them.

Lack of planning, impulse spending and proper planning are some major financial mistakes most persons make. We keep trying to secure a better future especially with the rate at which the economy is dwindling and unstable, but that will not be possible if anyone will be so unwise to continue living in a frivolous pattern. It's one thing to keep working hard to make money and another thing to be discipline enough to keep and maintain wealth.

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Quote from: AmoreJaz on September 26, 2023, 07:21:07 PM

Quote from: blockman on September 26, 2023, 06:48:35 PM

Quote from: flyingcarpet on September 25, 2023, 06:26:38 PM

I think that every person who earns an income should save. But when one's income increases, one stops saving and wants to buy the things one wants. He even wants to buy things he does not need and spend what he earns. The important point to be considered here is this. This spending should not continue continuously. In other words, even if he does not save for a while, he should continue to save again later.

We have to save even if you don't like the idea of saving that in the bank, you need to practice saving. It is not just all about saving money in the bank but the activity of saving is what you're embedding to yourself. But there must be a reason why you save. Either to buy something in the future but it's a low-key reason because many savers today are saving to invest.

or if you feel you are not comfortable depositing your extra funds in the bank, you can opt to buy tangible assets and will serve as investments. like precious metals, real-estate and other assets that you think of value and has the potential to further increase its market value.

Yeah, those are investments and assets that we can convert our money/cash into a better and more valuable thing. That's what it means about saving to invest.
You buy those things if you're able to buy them although real estate is really requiring higher capital for it, why not if you can afford it right? As long as you've got the capital to start with and that's what you have saved for. The value of it is increasing on a yearly basis as long as there's no bubble setup that's being done in your area.

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Quote from: blockman on September 26, 2023, 06:48:35 PM

Quote from: flyingcarpet on September 25, 2023, 06:26:38 PM

I think that every person who earns an income should save. But when one's income increases, one stops saving and wants to buy the things one wants. He even wants to buy things he does not need and spend what he earns. The important point to be considered here is this. This spending should not continue continuously. In other words, even if he does not save for a while, he should continue to save again later.

We have to save even if you don't like the idea of saving that in the bank, you need to practice saving. It is not just all about saving money in the bank but the activity of saving is what you're embedding to yourself. But there must be a reason why you save. Either to buy something in the future but it's a low-key reason because many savers today are saving to invest.

Quote from: flyingcarpet on September 25, 2023, 06:26:38 PM

In general, everyone needs to be cautious about spending. That is, we should organize our spending and avoid spending money on unnecessary things.

Making a list will help you determine your spending habits. Some expenditures may be unnecessary but you're not noticing it because you're just ignoring it. But when it's getting a larger part of your savings or salary, you'll be able to act on it and will stop that unnecessary spending habits.

or if you feel you are not comfortable depositing your extra funds in the bank, you can opt to buy tangible assets and will serve as investments. like precious metals, real-estate and other assets that you think of value and has the potential to further increase its market value.
the pointer of having a list is indeed helpful. you can also see which items are unnecessary and where you can cut your expenses.

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Quote from: flyingcarpet on September 25, 2023, 06:26:38 PM

I think that every person who earns an income should save. But when one's income increases, one stops saving and wants to buy the things one wants. He even wants to buy things he does not need and spend what he earns. The important point to be considered here is this. This spending should not continue continuously. In other words, even if he does not save for a while, he should continue to save again later.

We have to save even if you don't like the idea of saving that in the bank, you need to practice saving. It is not just all about saving money in the bank but the activity of saving is what you're embedding to yourself. But there must be a reason why you save. Either to buy something in the future but it's a low-key reason because many savers today are saving to invest.

Quote from: flyingcarpet on September 25, 2023, 06:26:38 PM

In general, everyone needs to be cautious about spending. That is, we should organize our spending and avoid spending money on unnecessary things.

Making a list will help you determine your spending habits. Some expenditures may be unnecessary but you're not noticing it because you're just ignoring it. But when it's getting a larger part of your savings or salary, you'll be able to act on it and will stop that unnecessary spending habits.

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Quote from: dothebeats on September 26, 2023, 09:12:29 AM

Quote from: slapper on September 26, 2023, 05:22:42 AM

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Quote from: n0ne on September 25, 2023, 07:23:17 AM

~snip~

Raising your standard of living is really that something like a suicide specially if your income source isnt really that something that could be able to compensate such changes and this is something that you do really need to look on before making out such step but we know that common human being mistake or errors is that on the time that they do earn more than on what they do earn in the past then they would automatically be changing up their standards without even trying out to realize that it cant really be able to sustain. Why i would say so? I have made out that kind of mistake which i did really regret after wards on which i did really make out that hard lesson learned on the time that i had devastated my financial situation and goodness i do able to resolve it out on the time that i did make out some adjustments and this is something that you would really be needing to do so.

Dont spend into those things which arent really that useful or relevant. Somewhat its not really that bad on buying up your wants or something like this but of course it would really be on that controlled manner.
Everything which is excess and not necessary would really be just that a complete waste and something it isnt really that recommended on doing so specially if your funds
arent really that big or something that could sustain where youre spending is more than on what you do earn. You would go overdropped.

The temptation to upgrade our lifestyles when we earn more is pretty common, and many fall into this trap. It's crucial, just like you said, to assess whether the increase in income is sustainable before making such decisions. If the new income source isn't steady, it's a serious risk to adjust our spending upwards

Unexpected financial hurdles can pop up at any time. It's always a sound plan to save more when we earn more, rather than increasing our expenses. Allocating funds for emergencies, future plans, and investments should take precedence. It's also vital to differentiate between wants and needs. Buying non-essential items should be a controlled action, not a regular habit. Prioritizing financial stability and security will lay a solid foundation for a comfortable future, preventing the distress of financial instability. Your insight is valuable and serves as a prudent reminder for many

I agree with you. In most cases, when an individual's income gets a significat raise they tend to adjust their spendings as well. Humans are greedy and will never be satisfied, once they get something good they adjust their needs as well. The problem with this is we will never get the stability we want if we continue being like this. To make it simple, say if we continue adjusting our spendings with how much the raise of our income goes, it will never look and feel that we are getting more cause we are spending just the same. If I am earning 100$ a day and I am spending 50$ a day then I will only save 50$, then if I get a raise and my daily earnings goes to 150$ and I adjust my spending to 100$ because of that raise, in the end I will only be able to save the same amount as before.

If you do have this kind of behavior then for sure you would really be ending up with some financial struggle specially if you dont able to make some savings or emergency funds which you wont really be likely to mind on specially if you do know that you do have lots of money on where savings wont really be included into your plans or something with your vocabulary on which you would be seeing this to be non relevant but on the time that you are already on the verge of financial problems or hiccups then this is where you would really be able to realize of its relevance and this is something that should have done earlier. Ive seen tons of people around me
on which they had made out some money whether from some job promotion or having those kind of temporal wins or bonuses then they do really immediately changed up their lifestyle on which its been upgraded
which its not really that ideal on doing so considering that those arent really that sustainable or something temporal and if you do get used into that upgraded kind of living then getting back into those old stuff
then it is really that a hard adjustment but on the time that you dont really have no choice then you would really be dealing with it and this is where regrets do starts to kick in that
you should havent done that.

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Quote from: barisbilgili on September 26, 2023, 10:55:33 AM

Quote from: dothebeats on September 26, 2023, 09:12:29 AM

I agree with you. In most cases, when an individual's income gets a significat raise they tend to adjust their spendings as well. Humans are greedy and will never be satisfied, once they get something good they adjust their needs as well. The problem with this is we will never get the stability we want if we continue being like this. To make it simple, say if we continue adjusting our spendings with how much the raise of our income goes, it will never look and feel that we are getting more cause we are spending just the same. If I am earning 100$ a day and I am spending 50$ a day then I will only save 50$, then if I get a raise and my daily earnings goes to 150$ and I adjust my spending to 100$ because of that raise, in the end I will only be able to save the same amount as before.

Adjusting the expenses of the income we receive is indeed very difficult to do, but if they cannot manage their expenses well then no matter how much income we get, we will not be able to save, this will really make things difficult for us if we need unexpected needs so we don't have money to meet our needs. Yes, you are right, humans are greedy as you describe, when their salary increases, their desires also increase, so they keep saving the same amount and they use their money for things they don't need. I think it would be better if our income increases so that the amount of money we use to save does not increase with lifestyle.

Well it is quite difficult to do especially for people who do not have a good personality, in the sense that they do not like all the rules and of course they will definitely have difficulty in balancing income and expenses. And it is also not uncommon for them to sometimes misinterpret whether it is their wants or needs, usually they are always trapped in things that are actually just their desires not necessarily needs that really have a big role for their lives, usually like that.

Well that's very true, therefore it is very important for anyone to keep balancing their income and expenses, don't let them ignore this very important thing, it is very clear if they can't fix it then they won't have any money at all if something urgent happens in the future, and also clearly they won't be able to predict what will happen. Learn to save and save from now on, because it's the best solution to minimize the risk if unexpected things happen in the future, I think it's indeed a better way for you to save than going to borrow from others or even to the bank.

Topic: How to spend money determines whether you can avoid unnecessary problems - page 2. (Read 1338 times)