How to spend money determines whether you can avoid unnecessary problems - page 6.

justdimin

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Quote from: Agbe on May 12, 2023, 10:06:15 AM

Spending money on unnecessary things is not always a bad idea, especially if it contributes to your happiness. But there is a line between spending money on things that genuinely brings you joy and wasting away your hard earned income making purchases that fall short of your expectations. Spending money on things that will make you is not unnecessary things, spending money on flexing live, will put you in problem, and to avoid unnecessary problems in the way you spend, make a better plans for your monthly payment, write down your needs, give priority to them, in the order of importance to you.

This is what I wanted to talk about exactly. People are robbing themselves from good periods and good times, that is why there is nothing that should stop you if you want to live properly and if you can afford to do it, then just do it. I kept saying the same thing to everyone who wanted to learn more about money. If you are not making enough to get a savings then you should not cut your costs, you should increase your income.

Too many people have one jobs, and I understand, in any normal world 1 job should be enough, but if you are not making enough, then get a second one and that would be better, you can get most of what you want. I personally got a flexible job, I work more when I have the time, and work less when I don't, which allows me to make enough to put aside.

Negotiation

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You need to produce a specific budget and stick to it to exclude gratuitous problems it fluently help you save for your short and long term pretensions. Creating a budget will give you a clear idea of how to spend your plutocrat. This will in turn help you cut gratuitous charges if you want to ameliorate your finances, you need to identify gratuitous charges and exclude them. You have no choice but to exclude these redundant and necessary charges, If you want to increase your savings and pay your bills in full.

hannahB4

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Though there is an adage that says you cut your coat according to your cloth that means you cut your expenses according to your income. Many people are frugal in spending but still have a lot of expenses to cater for at the end of the month virtually because their income wasn't enough to do that. financial management is the key to successful savings and can only be achieved with determination.

molsewid

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Quote from: Agbe on May 12, 2023, 10:06:15 AM

Spending money on unnecessary things is not always a bad idea, especially if it contributes to your happiness. But there is a line between spending money on things that genuinely brings you joy and wasting away your hard earned income making purchases that fall short of your expectations. Spending money on things that will make you is not unnecessary things, spending money on flexing live, will put you in problem, and to avoid unnecessary problems in the way you spend, make a better plans for your monthly payment, write down your needs, give priority to them, in the order of importance to you.

For me it is not bad to spend money for your happiness as long as it is still in your budget. We should treat ourselves as well but not too much, for me I called it as self care, sometimes we cannot avoid to spend on unnecessary things but we should manage our emotions to resist it and not spend money to things like that, we should learn to have a proper allocation of our money as well.

iphone5s

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Quote from: 19Nov16 on May 11, 2023, 09:37:57 PM

The most difficult thing in life is managing finances so that they fit into the budget, temptations occur in many ways, if we leave the house it will be difficult to avoid not buying what we see, and when we hold our cell phones the temptation to buy things that look fun is also difficult to avoid, I think the best thing to avoid unnecessary spending is to have a strong principle not to spend money.

There are many factors that support your finances that cannot be managed if you leave the house, there are many trials such as goods that you really want or just going to buy food with a different taste or treating friends who meet at this very moment. but all you can get through if you just stand at home and spend your days at home. Although it is very boring.

Uruhara

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Quote from: 19Nov16 on May 11, 2023, 09:37:57 PM

The most difficult thing in life is managing finances so that they fit into the budget, temptations occur in many ways, if we leave the house it will be difficult to avoid not buying what we see, and when we hold our cell phones the temptation to buy things that look fun is also difficult to avoid, I think the best thing to avoid unnecessary spending is to have a strong principle not to spend money.

Strong principles, careful planning and discipline in carrying out our financial plans are important things we must do if we want to be able to avoid any temptation to spend money unnecessarily. For me the strongest temptation is when there is renewable technology or for example if there is some kind of new cell phone with more sophisticated specifications. so it was things like this that tempted me the most and used my savings and made my financial planning worse. But after I had a family, my partner advised me or basically we advised each other to stick to the principles that had been made, namely discipline in carrying out the financial planning that had been made. and now I can avoid things like that. But the temptation is sometimes still felt to this day.

Agbe

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Spending money on unnecessary things is not always a bad idea, especially if it contributes to your happiness. But there is a line between spending money on things that genuinely brings you joy and wasting away your hard earned income making purchases that fall short of your expectations. Spending money on things that will make you is not unnecessary things, spending money on flexing live, will put you in problem, and to avoid unnecessary problems in the way you spend, make a better plans for your monthly payment, write down your needs, give priority to them, in the order of importance to you.

xSkylarx

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Quote from: 19Nov16 on May 11, 2023, 09:37:57 PM

The most difficult thing in life is managing finances so that they fit into the budget, temptations occur in many ways, if we leave the house it will be difficult to avoid not buying what we see, and when we hold our cell phones the temptation to buy things that look fun is also difficult to avoid, I think the best thing to avoid unnecessary spending is to have a strong principle not to spend money.

We can still manage to not buy those things when we go out to buy something because if you have a short money for sure you wont be buying it but the temptations is already there but you have discipline to control it since i came from very poor family i do can resist to the temptations that is why i can still not overspent sometimes but if ever i do have alot of extra money that is the time that sometime do buy some extra but still those just needs not wants

19Nov16

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The most difficult thing in life is managing finances so that they fit into the budget, temptations occur in many ways, if we leave the house it will be difficult to avoid not buying what we see, and when we hold our cell phones the temptation to buy things that look fun is also difficult to avoid, I think the best thing to avoid unnecessary spending is to have a strong principle not to spend money.

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I think that one of the solutions to avoid unnecessary spendings is to simply spend what is left of your income after savings. This way you will have to forgo unnecessary expenditures. When you have money in your pocket, you will be tempted to spend on things that you want, but which you really don't need. So in order to avoid unnecessary problems in the way you spend, make a budget for the month, write down your needs, them give priority to them, in the order of importance to you. Focus on spending on the most important ones at the top. Stop when your budget is exhausted and carry over the remaining needs to the next month. Then make another list and give priorities again.

nesty

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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.

Managing finances can be challenging especially when there are competing priorities. I think it might be helpful if we will create a budget and prioritize spending based on our needs and wants. We should always be mindful of our spending habits and we should identify which is causing overspending. If we will do it we can track our expenses. It is important to have a plan for unexpected expenses so that we can avoid applying for loans. But definitely i am not one of those who overspend to buy what is not needed.

ichsan ardi

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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.

in that case, it's the person's fault, don't ever spend money that exceeds our income per month, save money, manage money as best as possible, invest if we live like that, spend spree and at the end of the month we're short on money and can't pay our installments, we'll be short of money forever. savings, no work assets, just enough for daily life, that's the matrix, we have to let go of the so-called matrix, make money work for us, not money work for us, invest it from now on, if not from now, then when

Dzwaafu11

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Self-sufficiency is essential, as is knowing how to manage one's finances. In the instances you provided, people live their lives as they wish, without regard for how they should live them. All these individuals lavishing their money, I don't know if it's because they believe the money will continue to come their way or what. That's why they waste them on frivolous items.And I believe that those who waste money on frivolous items will come to regret their decisions, which will lead to unfortunate outcomes.Because of this, they are unable to manage or control their finances, which is quite negative. In my opinion, these issues arise as a result of poor life planning, including living with fictitious friends and other factors that are related to it. these issues

BVeyron

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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 suppose that such people got used to this lifestyle, they feel "ok" with it, despite having regular debt problems. They took the phrase "live right here and right now" too literally... So I assume it's not a fault of anyone, at least if they don't get into criminal troubles... It's just the lifestyle, which adequate people are eager to avoid.

Uruhara

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Quote from: Marcellin9 on March 13, 2023, 02:50:55 AM

Apart from all we have discussed here, do you notice that having too much choice over things we eat, drink or anything we want, is heavily draining out of our energy ? To control spending is way more beneficial than we might think. This may sound spiritual but if you see the whole thing as a self-discipline, you'll get my point.

Although I do not know whether I understand or not with what you mean. but I understand that controlling expenses is far more effective in all respects. especially in finance. but when talking about self-satisfaction, of course there is a feeling within us that is not satisfied because we are too controlling of our financial expenses. but when we have a large amount of savings as a result of our habits that always control our money spending so that we can still set aside money to save and invest. then there will be a sense of satisfaction and pride when we manage to have a considerable amount of savings and investment from the results of controlling our financial expenses. and psychologically this will certainly build continued motivation so that we will be more consistent in managing our finances.

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Quote from: Zlantann on February 22, 2023, 07:14:31 AM

Life is all about choice. People tend to spend their money on what is important to them. But I totally agree with your examples on how people spend money on what they don't necessarily need. Recently, I was guilty of this wasteful spending. I did a monthly Netflix subscription and I just watched one movie for less than three hours because I had no time to watch movies. I regretted this financial waste and will never try it again.

Many people claim that their earnings is not enough but they can afford to buy several bottles of beer for friends in a bar. They would buy shoes or clothing that they don't even need. I have a friend that bought five pair of shirts and forget that he bought anything like that. He later saw the shirts wrapped inside his wardrobe after seven months. He doesn't really need them.

If you are a low or average income earners, the only way you can save is to spend on mostly basic needs and avoid spending for fun or pleasure. Food, clothing, housing and other important expenses should be paramount. Others can be set aside until ones income has been diversified or increased.

Yes you are right, some people pretend that they are financial week or they can't mange their needs with their basic income but actually they are not able to manage their money in right way . I have seen one of my collogue purchase E newspaper subscription for 1 year which cost was around 1k but right after 2 weeks he was start having less interest on such news because of his personal work he had no time and latter on he regretted he have done waste of money but he never learn from mistake what he have done and at the end of the month he always have financial crisis.

Ataiwo913

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We all know that how you spend money can determine whether you are able to avoid or not unnecessary problems. Spending on unnecessary things is not always a bad idea, especially if it contributes to your happiness. But there is a line between spending money on things that genuinely brings you joy and wasting away your hard earned income making purchases that fall short of your expectations. How much do you pay attention to these things? Ask yourself this question and see how much control you have over what you purchase.

Marcellin9

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Quote from: karmamiu on March 13, 2023, 12:05:48 AM

Quote from: serjent05 on March 12, 2023, 07:04:55 PM

Quote from: South Park on March 12, 2023, 03:30:25 PM

Quote from: Republikcoin.com on March 10, 2023, 07:13:50 PM

Quote from: Wong Gendheng on March 09, 2023, 05:14:11 AM

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

Changing bad habits to be good is not an easy thing for everyone, moreover these bad habits have made everyone more comfortable to do every day. But you also need to know more other reasons why some people are still doing this now, because I think everyone is sure to spend their money where they need it even though you see they are not wise in managing their finances.

Even though everyone who has managed their finances wisely also does not tell other people in their life. So don't judge too quickly on this because you still need a more in-depth analysis so you can find out more reasons for everyone in terms of spending money.

In fact changing any habit whether is good or bad is incredibly difficult, it is because of this we have to do our utmost effort to have as many good habits and as little bad habits as possible as well, so developing the habit of saving since childhood is important because in that way the child will grow and still have that habit when they grow up and make a significant difference on their life, as in this way they can begin to invest earlier and make way more money than those that did not develop the habit of saving during their childhood.

If you have the will no matter how difficult it is, it can be done. The reason why changing habits is difficult is because we are used to do things and wanted an abrupt change. I think that is a wrong approach in fixing our bad habits especially in spending money. We can do it slowly until we get used to our new way of spending.

I do agree that learning the habit of saving during our early years is important because it can become our core attribute and will carry it when we are getting old. but the thing is most of us save because we are planning to buy something that we cannot afford to buy in one go with our earnings. Most kids are thought this kind of saving fact won't impact improving their life at all because the savings are intended to be spent on things they liked. Instead, we should teach kids in saving not only for the things they wanted but also for the future emergencies.

Same thing as rehabilitation, and there is also this thing called withdrawal for those who're involved in abusive drugs. We've all been on a situation wherein there're so many temptations that if only we had the money, we will surely buy those things. Let's all admit it that we all want money because of something, either it's for our needs or for savings and investment. We are all here trying to survive and to sustain our daily lives.

It reminded me of the thread I read the other day about "the cost of living is already killing" or something similar to that, and yes, it's true for most of the countries surviving at the same time earning is like a living in the jungle. People from the high-class family may not notice this but mostly from the lower-class incomes to middle class, they can literally feel those burdens. This is mostly true to countries with high inflation rates and those low average income countries.

Apart from all we have discussed here, do you notice that having too much choice over things we eat, drink or anything we want, is heavily draining out of our energy ? To control spending is way more beneficial than we might think. This may sound spiritual but if you see the whole thing as a self-discipline, you'll get my point.

karmamiu

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Quote from: serjent05 on March 12, 2023, 07:04:55 PM

Quote from: South Park on March 12, 2023, 03:30:25 PM

Quote from: Republikcoin.com on March 10, 2023, 07:13:50 PM

Quote from: Wong Gendheng on March 09, 2023, 05:14:11 AM

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

Changing bad habits to be good is not an easy thing for everyone, moreover these bad habits have made everyone more comfortable to do every day. But you also need to know more other reasons why some people are still doing this now, because I think everyone is sure to spend their money where they need it even though you see they are not wise in managing their finances.

Even though everyone who has managed their finances wisely also does not tell other people in their life. So don't judge too quickly on this because you still need a more in-depth analysis so you can find out more reasons for everyone in terms of spending money.

In fact changing any habit whether is good or bad is incredibly difficult, it is because of this we have to do our utmost effort to have as many good habits and as little bad habits as possible as well, so developing the habit of saving since childhood is important because in that way the child will grow and still have that habit when they grow up and make a significant difference on their life, as in this way they can begin to invest earlier and make way more money than those that did not develop the habit of saving during their childhood.

If you have the will no matter how difficult it is, it can be done. The reason why changing habits is difficult is because we are used to do things and wanted an abrupt change. I think that is a wrong approach in fixing our bad habits especially in spending money. We can do it slowly until we get used to our new way of spending.

I do agree that learning the habit of saving during our early years is important because it can become our core attribute and will carry it when we are getting old. but the thing is most of us save because we are planning to buy something that we cannot afford to buy in one go with our earnings. Most kids are thought this kind of saving fact won't impact improving their life at all because the savings are intended to be spent on things they liked. Instead, we should teach kids in saving not only for the things they wanted but also for the future emergencies.

Same thing as rehabilitation, and there is also this thing called withdrawal for those who're involved in abusive drugs. We've all been on a situation wherein there're so many temptations that if only we had the money, we will surely buy those things. Let's all admit it that we all want money because of something, either it's for our needs or for savings and investment. We are all here trying to survive and to sustain our daily lives.

It reminded me of the thread I read the other day about "the cost of living is already killing" or something similar to that, and yes, it's true for most of the countries surviving at the same time earning is like a living in the jungle. People from the high-class family may not notice this but mostly from the lower-class incomes to middle class, they can literally feel those burdens. This is mostly true to countries with high inflation rates and those low average income countries.

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Quote from: South Park on March 12, 2023, 03:30:25 PM

Quote from: Republikcoin.com on March 10, 2023, 07:13:50 PM

Quote from: Wong Gendheng on March 09, 2023, 05:14:11 AM

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

Changing bad habits to be good is not an easy thing for everyone, moreover these bad habits have made everyone more comfortable to do every day. But you also need to know more other reasons why some people are still doing this now, because I think everyone is sure to spend their money where they need it even though you see they are not wise in managing their finances.

Even though everyone who has managed their finances wisely also does not tell other people in their life. So don't judge too quickly on this because you still need a more in-depth analysis so you can find out more reasons for everyone in terms of spending money.

In fact changing any habit whether is good or bad is incredibly difficult, it is because of this we have to do our utmost effort to have as many good habits and as little bad habits as possible as well, so developing the habit of saving since childhood is important because in that way the child will grow and still have that habit when they grow up and make a significant difference on their life, as in this way they can begin to invest earlier and make way more money than those that did not develop the habit of saving during their childhood.

If you have the will no matter how difficult it is, it can be done. The reason why changing habits is difficult is because we are used to do things and wanted an abrupt change. I think that is a wrong approach in fixing our bad habits especially in spending money. We can do it slowly until we get used to our new way of spending.

I do agree that learning the habit of saving during our early years is important because it can become our core attribute and will carry it when we are getting old. but the thing is most of us save because we are planning to buy something that we cannot afford to buy in one go with our earnings. Most kids are thought this kind of saving fact won't impact improving their life at all because the savings are intended to be spent on things they liked. Instead, we should teach kids in saving not only for the things they wanted but also for the future emergencies.

Topic: How to spend money determines whether you can avoid unnecessary problems - page 6. (Read 1338 times)