I don't understand why you need to ask people about what were you doing.
Before you buy something you've think about it and then you spend your money, your money gone because of your decision not from third party. The reason you purchase the music and movie subscriptions is because you were need at that time, it's to fulfill your satisfaction.
Each person has it's own way to enjoy the life, so if you happy by purchase these subscriptions, it's what it's.
Topic: I am forgetting the value of money. (Read 374 times)
If you are an investor you will spend less because what you will think of how much the money you are spending will generates for you in the shortest period of time than spending excessively, although some people never knew how important the value of money are receiving at every month is to them but whenever there's no work to put food on their tables that is when will remembered how they received their salaries and never invested or to make good plans about it.
As a young man you are you don't really needs to live a life to impressed anyone around but thinking of how your tomorrow could, investment of $5 to $10 today could worth of $100 in years to come and believe me, years runs faster than what we think now. I don't know why time is flying this faster, but however investments still the most important thing to do you might see yourself as someone who is successful today but without investment you nothing and the money you think you had could be worthless in time to come due to inflation., Of course there were things that we think then are very valuable and expensive in today world people don't value it anymore since the world is changing very faster.
As a young man you are you don't really needs to live a life to impressed anyone around but thinking of how your tomorrow could, investment of $5 to $10 today could worth of $100 in years to come and believe me, years runs faster than what we think now. I don't know why time is flying this faster, but however investments still the most important thing to do you might see yourself as someone who is successful today but without investment you nothing and the money you think you had could be worthless in time to come due to inflation., Of course there were things that we think then are very valuable and expensive in today world people don't value it anymore since the world is changing very faster.
I don't think you need to judge yourself for being more successful. Each person is the builder of his own life. You don't know the reasons why a woman is poor. Perhaps she had several moments when she herself did not want to improve her life. Some people are poor because it is their choice; some are very lazy; and some have decided to accept poverty as a fact of life. Nevertheless, we should not waste money, realizing that sometimes we can curb our fleeting desires and maybe instead help someone who is not having a sweet time.
In my country, even $5 is considered a reasonable amount for the lower middle class. I spent $5 to purchase a seemingly worthless movie or music subscription, and I fall into the lower middle class category myself.
I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.
This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?
I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.
This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?
These types of incidents do occur now, but managing is very important. When we have money and start spending it however we wish, we may not realize how much we are actually spending until it is too late. There are some people who, when having a small amount, are unable to control themselves and spend the money before realizing that it has left their hands. It's not a good thing to have a husband who doesn't work; in my nation, it didn't seem like a good idea how the family would get by without it. If the wife is also unemployed, the marriage would face difficulties. How will they be able to pay back the debt when it's due if the wife keeps taking out loans because her husband isn't working? It will be quite challenging for the family to feel at comfortable.
When situations like this arise, just be sure you are managing your money wisely because going broke before earning another one is not a good idea. If you are spending your money in a necessary ways, if you are purchasing goods that will benefit you, then I believe you are not doing so roughly, just hope you shouldn't stop earning.
You need to be aware of your expenses. Try to avoid spending where you don't need it. Currently, your financial situation may be good, so you have taken a worthless subscription of $5, which is a day's income of other low income people or those who eat day-to-day in our country. Those who are a little upper class or rich waste money while hanging out in different places. Many people buy different things for their hobby. Which is a waste of money. There are many people who live below the poverty line and have to spend these days starving. Considering all these things you should stay away from wastage and stand by them if you can.
What can I do to remember the importance of money and spend more carefully?
You just need to remember that earning any amount of money nowadays is very difficult and you also need to appreciate the process you did to earn that amount of money. because then you will think twice about spending that money on things that are less useful.And another one is "we look up too often", regarding someone who lives in luxury and buys everything he wants, thus making us humans who are not grateful for all the blessings that God has given us. So, once in a while, bow down and look down and see that there are people whose economic conditions are more difficult than ours, who don't think about being able to fulfill their desires by hanging out with friends, going to restaurants and going to the cinema. Never mind thinking about all that, it is very difficult for those who live on the poverty line to be able to eat every day.
Spend it wisely on the things that you truly need. You don't have to restrict yourself from spending on things that are like for entertainment as long as that amount isn't going to eat a lot of portion of how much you've got. But if you're in that shoe where you barely afford to earn that amount, you must really tighten your pockets. Just remember the hardship that you've dealt with before and how far you've come now. It is okay to help other people to stand on their own when they're in need. Not everyone is fortunate as you at this time and I think that's enough motivation for you to be careful and remember how you should spend your money wisely.
Say, shop wisely, but at this stage the definition of being wise in shopping cannot be measured evenly. For the lower middle class, they do not have sufficient shopping options because to fulfill their daily needs they need to sacrifice other needs. In this way, there is no shopping wisely unless the shopping costs are still low.If you cannot minimize some of it then all you need to do is to find ways and have other side hustles for that income will be your solution to the rising prices of goods and you'll also have that mindset that you're working hardly to earn that money for your expenses.
In my country, even $5 is considered a reasonable amount for the lower middle class. I spent $5 to purchase a seemingly worthless movie or music subscription, and I fall into the lower middle class category myself.
I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.
This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?
I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.
This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?
I think this is because when we experience luxury for the first time, we crave for more. The moment we got high salaries compared before, our wants and needs in life also increases. Thus, making us spend our money more casually than before and without having a second thought. Which I think is completely fine, as long as you are spending your money on things that gives you satisfaction because you are the one who worked for it. And as long as you don't spend more from what you are earning, and for me you're good.
To answer your last question, one thing that I always did to remember the importance of money is I look back on my life before. And see my younger self who is not able to get the things he wants because of the lack of money. And this one helps me to spend my money carefully. I think this is also a good reason to treat yourself sometimes, like what you have just said by purchasing a movie or music subscription, because you just wanted to please yourself and I don't see anything wrong with that.
The cost of living then that you don't have phone isn't the same as now, because inflation has skyrocketed the price of things now, with high unemployment rate it makes it difficult for the low-class people to coupe with. If you want to spend wisely, so that you don't end up spending so much on things that are not needful. you should look back to how you do live your life then that you don't have a phone and copy from the way you do your spending and continue in that pattern. Maybe that will help you to minimize excessively spending and use the funds that is left after trimming down your expenses to buy bitcoin. Because if you have an investment like bitcoin that you are DCAing every weekly or monthly, it will bring profit for you at the long term. If you have such target in mind, it might help you to limit your spending because you have where to put in your funds.
In my country, even $5 is considered a reasonable amount for the lower middle class. I spent $5 to purchase a seemingly worthless movie or music subscription, and I fall into the lower middle class category myself.
I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.
This is one of the human traits that is bound to happen to everyone who has earned money because there is a form where we always think that we will always feel less in terms of needs as the money we have increases.I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.
I think everyone must have felt something like this where when the money we get per month is bigger than before then our needs will also increase over time.
This is a normal thing but it should not be a habit because it is a bad behaviour where we slowly become someone who has a hedonistic nature along with high income.
It is difficult to anticipate this where one of the reasons is our lack of wisdom in determining attitudes and trying to buy what we want instead of what we need.
In my country, even $5 is considered a reasonable amount for the lower middle class. I spent $5 to purchase a seemingly worthless movie or music subscription, and I fall into the lower middle class category myself.
I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.
This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?
I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.
This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?
The value of money is forever changing and it's constantly shifting between all the currencies of the world. You have to learn to be dynamic and flexible in your lifestyle, it sounds like you're making these observations which is a good start. There are many super stores in competition for example and you should always be checking out the competition if you feel one has started to raise prices far too quickly. I've noticed it in my local area, one got taken over by private equity and they resorted to price gouging after borrowing massive amounts of money to fund it, however there is a lot of competition around which they underestimated. They were able to raise prices for 6-12 months, but lost a large market share and started to drop prices heavily, but it's already damaged their reputation.
What can I do to remember the importance of money and spend more carefully?
In one of the coming days, take out some time to go visit places where there are many people living in lack and just struggling to just be able to afford the basic meals to survive. There are people who really are needy and are need of that little money that we can tend to overlook because we have more. A visit to these kinds of places will remind you of how far you have come and how wasteful you have become. It will help you to reorganize your finances to cut down on wastage.
I can't say it's your fault really, cause when you've upgraded from a lower income class to a higher one you're seeing all the differences in lifestyles and capabilities that were once inaccessible to you. This gives you the impression that you have way more money now, and so you can afford to spend as much money as you can without having to worry about the consequences. But just because it's not your fault you're still adjusting to a new lifestyle doesn't mean you have to keep at it and indulge. Money doesn't come and go, it comes and you have a choice if you want to let it go my friend. In that case you should always find ways to teach yourself financial literacy or else the money you have right now is going to fade away no matter how much you earn.
The money circulation was increased in two sects,one after the independence of all the country from the colonies.The each country had build their own currency and export to increase the flow of their currency.Exactly the money flow was started in 20th century and dollar was the dominating currency all over the world.The reason was the dollar was accepted coin by the most of the country in this world.The Euro zone was managed buy the Euro and Eurozone was highly protected by the other countries in the Euro zone.
Money was the most valuable asset in this world,even you can buy the human love by the money.The strategy saying many subscription to the music and movie was made by the lower middle class and upper middle class people.The music and movie subscription in the developed country was free of cost.If you want to know the value of the money,you may ask the same money to your friend as the loan.Then you come to know the exact value of the money,then you won’t waste the money in the movie and music subscription.
Forgetting money's value is because of the gap between the hard working class in a low level economy nation versus a child at some big nation like USA. You could be a doctor in a third world country and make far far less than some uber driver in the USA. You could literally be a 16 year old (don't know if they are allowed or do they have to wait until certain age) and have drivers license and start Ubering at USA, maybe Uber doesn't let 16 year olds, they can have a license but not sure about the Uber thing, but basically 16 or 18 or 21 doesn't matter, and still make x10 more than some doctor in a third world country.
I have seen people making as much as 5-6k a month, obviously there is gas and depreciating car costs, but it is still good chunk of money, doctors make about 1k here where I live, that difference makes it hard to comprehend why you worked all your life for something and a kid can buy it driving people around while you are not capable of buying the same thing.
I have seen people making as much as 5-6k a month, obviously there is gas and depreciating car costs, but it is still good chunk of money, doctors make about 1k here where I live, that difference makes it hard to comprehend why you worked all your life for something and a kid can buy it driving people around while you are not capable of buying the same thing.
Yet today people keep wasting money to subscribe to Netflix to waste more time watching movies. $20 for a premium plan every month.
The financial situation will get worse as more are jobless while companies are going bankrupt. Everywhere in the world is not working well, people now have been trying to make it with 2 to 3 jobs at the same time to make ends meet while they start getting used to having 2 meals a day.
The financial situation will get worse as more are jobless while companies are going bankrupt. Everywhere in the world is not working well, people now have been trying to make it with 2 to 3 jobs at the same time to make ends meet while they start getting used to having 2 meals a day.
20 A MONTH FOR NETFLIX is terrible for some, but for others it could be smart. 100 a month on Starbucks is a larger issue. Many people get 5 lattes a week for 25 bucks x 4 weeks = 100 bucks.
I can make good coffee in my home for 8 bucks a week or 21 a months add the Netflix for 20 and I am at 52 a week vs the 100 for Starbucks and no entertainment.
Leisure spending is complex. If I watch 3 chick movies a week with my wife and it pleases her. She in turn may want to please me more often each week which is well worth it. ($20 a month on Netflix)
Financial problems usually happen to everyone so saving for the future is important to deal with emergencies. Money management is an important aspect of our lives that we should all strive to improve this involves making a plan and sticking to it as well. By effectively managing your finances you can avoid debt increase savings and achieve financial freedom. This allows you to enjoy more security in your life if you set aside cash for emergencies you have a fallback if something unexpected happens. If you have savings set aside for discretionary spending you may be able to take risks or try new things.
In my country, even $5 is considered a reasonable amount for the lower middle class. I spent $5 to purchase a seemingly worthless movie or music subscription, and I fall into the lower middle class category myself.
I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.
This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?
We all have faced such a situation when we first started to make money. We faced a lot of new things when we started to make money and problems that we had not expected. I also got experience that I did not expect, and then I came to realise that problems do not occur only in poverty but also occur when we have money.I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.
This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?
I also came to get this thought and try to help others as much as I can, because all we can do is help them. Or the most we can do is help them enough that they will start to make money too.
If you want to keep track of your past and do not want to spend money on things you don't want to, then just keep track of your money and how much you are going to save and spend. Because when you start to calculate your money and give it a second thought before buying anything, you will automatically become moderate in your buying.
What can I do to remember the importance of money and spend more carefully?
In the same situation as you, the effort I will make to remember the importance of money as a means of payment is to save and organize financial management as much as possible.There are many cases that occur related to financial difficulties experienced by people to meet basic needs, even to buy a cigarette, they don't have money other than asking other people.
From this case, those of us who may have a steady income even though our economic status is at the lower middle level must try to save by investing. Saving and investing will be a life-saving option when our financial condition is really dying.
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