I am forgetting the value of money. - page 3.

yudi09

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Quote from: cafter on October 06, 2023, 07:43:38 AM

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.

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What can I do to remember the importance of money and spend more carefully?

The value of the currency barely matches the price of the goods spent on.
I can currently use $5 in my country's currency exchange rate to buy internet credit which I will use for 1 month and depending on my usage.

It is very important to use money wisely for shopping purposes. If, for example, $5 is enough for cooking needs for several days, use it to spend it because the income in those few days can be used for other needs and when it is sufficient, the proceeds from the next income can be used for savings.

Gozie51

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Quote from: cafter on October 06, 2023, 07:43:38 AM

What can I do to remember the importance of money and spend more carefully?

Quote

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.

That is the answer to your question.

Nothing is permanent in life and that is why they say the only thing that is constant is change. So you have moved from the other side to another side where you can spend without gnashing of teeth, your needs are now well taken care of, to sustain it you have to reduce spending frivolously and channel spare or unused or needed money into investment. Try to diversify your source of income and by that you can still meet up with the kind of life you want to live, you can extend hands of gift without thinking twice.

So build a source of income outside from signature campaign earnings, remember nothing last forever but if you have sustainance outside the forum then you are good as building good economic growth for your self.

Unfortunately, government still has to be blamed for not providing the less privileged with good life but to turn them into beggars and leaving them on the mercy of themselves. It is the struck of luck and working smart that you are able to live the life you are living.

zaim7413

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Quote from: cafter on October 06, 2023, 07:43:38 AM

What can I do to remember the importance of money and spend more carefully?

You have to remember the value of money and you have to realize how difficult it is to earn money. You can easily spend more than $5 in just 5 minutes, but you can't get replacement money in just 10 minutes.
Do experiments around your life, you will find the answer. Your friends will always have time to laugh with you as long as you are able to treat them to food and drink, but when you ask them for a loan, some of them will say "sorry, I don't have any money".
It needs to be underlined, money doesn't have legs to walk to your wallet on its own, that's why you have to work hard to get it. So, you need to be careful in spending it.

Helena Yu

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This is the reason why most of people can't become rich, when someone salary is increased, they tend to spend as much as the salary they earn.

You need to learn about frugal living, when you want to buy something, don't directly buy it. Try to wait for few days or week, then remember back do you really need it or not? if you not have any problem without buy that thing, you shouldn't buy it because you're just want to fulfill your desire, not your needs.

tabas

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Quote from: cafter on October 06, 2023, 07:43:38 AM

What can I do to remember the importance of money and spend more carefully?

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.

cafter

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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?

Topic: I am forgetting the value of money. - page 3. (Read 367 times)