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Topic: Is some certain lifestyle a waste of money and time ? - page 9. (Read 1399 times)

hero member
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Here is what happens to my friends and me and I am sure this is a reflection on different financial values and life attitude in general. Well, I don't drink any alchohol while a few friends of mine love drinking very much. They would gather to have dinner/drink almost every day(at least four times a week). I am often invited but due to my no-drinking habit, I usually turn the invitation down. We are all family men but they are a few years older than me. Their children are much older than my kid so probably they don't need their fathers' attention and time. I always put my family first so this is also one of the reasons I don't join them that frequently. Financially, every gathering meal/drinking is not cheap because it involves a lot of drinks and dishes. The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months. This is considered a huge waste of money in many people's eyes cause most people don't earn much. Although I don't drink, occasionally I will treat them and pay the bills for the guesture of friendliness. Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.
Where I live, it's very cheap to get buzz and snacks. Personally, I don't drink because I prefer to stay big and lean at the same time every year + have more serious plans around it, so, I stick to my diet and rarely drink or take something unhealthy like chips and chocolate stuff. So, yeah, I miss drinking and some fun with my friends but that's the way I chose.
By the way, that lifestyle is not a waste of money and time if you can afford it. I mean, if I am a millionaire, famous, successful person, then why not to have fun all the time when possible? What's the point of having money if you can't spend it? What's the point of life if you can't be happy? But to achieve that lifestyle, one needs big luck, opportunities, a lot of work, etc.
hero member
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If that's what they can afford to spend, maybe they're not all dependent on their monthly salary and they've got something else as a source of their money.
Because if you do gatherings most often, that's certainly hitting their budget and incomes but if it doesn't look affecting much to them then that's nothing to worry about.
But such a lifestyle shouldn't be copied by you or by anyone here, we all know how tough life is these days and we need to be frugal with how we spend our hard-earned money. Yes, it's fine to celebrate occasionally but you don't have to be showy to your friends or relatives just to be said that you're elegant or sort of a rich person. Most rich people are even living frugally and only spend on things that truly matter to them and not on fancy dinners and celebrations.
I guess let’s say if they have other passive income, celebrating it 4x a week is still too much and will definitely leave them broke in the long run. Even rich people would never do that often, especially for those who own businesses as money is more important to invest rather than to be used in celebration. However, people have different views and preferences in life. If that’s the way they’ll enjoy life, then so be it. But take note OP that you are never obliged to adopt your friends habit and just live your life on what you think is suitable for you.
sr. member
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Do you think my friends' lifestyle is a waste of money and time ? How much do you spend on such gatherings on average ? Please let me know.
I think people shouldn't spend more than what is needed. Those who does will suffer in the long run in their life. But then again, it's totally personal preference. One's daily lifestyle could be someone's lifelong dream. One may spend thousands of dollars in one night, and one could survive 2–3 months with that money. If they can afford it, then they are ok with it. But if you don't feel comfortable with it, then you should avoid it. It's all about finding what works best for you and your priorities. If they are ok with spending their money like this then to them, it's not a waste. But for those who can't afford it could seem like a waste.
But it is important for everyone to maintain a healthy routine and strategy while spending money.
And to answer your 2nd question, I don't have many friends, so I don't go to such gatherings more often. If it's occasionally, and one time thing in between few months, then I will spend some money from my side. But it is unlikely to happen because all of us lives in different areas and because of work, study and many other things, we don't meet up frequently.
hero member
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I think its a psychological thing in the end. If you do it all the time, then it is a bad thing and not only you would be losing money, but you are not spending quality time with your family. You should avoid drinking all the time to make sure you spend a good time with your wife and your children. However, if you NEVER drink, then that would be also bad for you as well because you need to have some fun. It doesn't have to be drinking perse, I live in a nation of mostly Muslim people and even though we do drink a lot, there are a lot of people who do not drink ever as well, you can go out and drink tea, coffee, or just go out eating at a restaurant or go watch a football game with your friends, all of these that you do with your friends once or twice a month would be good for your mental health as well. Don't overdo it, but don't never do it neither, should do it once or twice a month to feel better.
hero member
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Well, I don't drink any alchohol while a few friends of mine love drinking very much. They would gather to have dinner/drink almost every day(at least four times a week). The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months.
If the cost of dinner/drinking is equivalent to 1/5 average monthly income, I think your friends will broke after a week, how it's possible your friends can have a dinner/drinking for at least 16x times in a month, they are should in debt.

You can friend with them, but it doesn't mean you need to follow anything that your friends are doing, you need to independent and only do what you want to do. For me having a dinner/drinking for 4x times in a week is really wasting money, I will not follow their habit.
My point is if they are family men too, how will they be able to provide the needs of their family when most of their monthly income has been used in their drinking session? Actually, there’s no wrong drinking with your friends once or twice a month, but 4x a week, that’s totally a waste of money. Not only their finances will be in danger, but eventually their health too. However, it’s a good thing you always do what is right by not following your friends norms. You can be friend with them but never follow their drinking habit.
sr. member
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Whatever we do, of course, can have an impact on finances, for example, wanting to style like a celebrity, of course, we need capital, lifestyle affects finances, but do we have to follow all the trending things, of course, it will make us tired and finances can become disrupted, so we have to go into debt or sell asset.
Interesting question I most say, it all falls down to what that person is making either day, week or month, for example I might be earning $50k every  week and am that kind of person that like fancy things, nice cars fancy restaurant and the rest, that is because I have the money to spend and is not affecting my finances, why am living that fancy lifestyle is because of the level am, I have the money so I can live the way I like. To me is not a waste of money but someone else who is not earning up to  what am am earning will now sees it as a waste of money because if he was him or her he knows what he can use that money for. There was a time in my life I said I will never buy a shoe worth $200 because to me then it was a waste of money, but right now I have shoes that are way more than that $200, to me than is a waste of money but now I don't see it as waste.
hero member
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Actually there is nothing wrong when we get together with friends to have fun and release fatigue after we work all the time. But that doesn't mean we can do it all the time, especially if it requires a lot of money to do that fun. I personally too if I follow my own ego and don't think about my future I will do it even crazier than what the OP told me. But I thought again, I'll be able to use the money for something I need more than I spent it overnight.
I don't have a large income to do these things, so when I do it often, I will be confused about meeting my daily needs. It's like I'm complicating my life. But if you do it once a month at least, maybe it won't be too much of a problem as a form of self-esteem for what I do throughout the month.
I think the point is that, psychologically speaking we all need to make some money one way or another and need to spend it as well. If we all lived a very frugal life, meaning like if we all worked and earned an income, come to a small studio apartment, live on rice and ramen and pasta, drink only water, use public transport, never go outside, never eat meat or anything, do not spend money on coffee or Netflix or Disney plus or anything, just have a bad old second hand bought pc, and use neighbors internet, if we all lived that life, I guarantee you that you will be able to save a ton of money.

However, I would also guarantee you that 99% of the world would become crazy as well, and I mean certified locked up levels of crazy.
You said straight to the point friends Cheesy We also make money for the welfare of ourselves and of course the small family that we protect as a form of responsibility so that in this case there is no need to press the ego very hard for that. Save money because that's for the future, of course, but we also don't need to torture ourselves in an extreme way.
Making money and saving money is a good thing, but on the other hand, living a relaxed life is a form of self-respect and refreshment in the midst of fatigue. It is also a biological need, so you don't need to feel guilty for at least taking a vacation and eating well once a week or a month.
legendary
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Is it a waste of time and money? From a financial point of view, yes rather than no. The time and money spent by your friends could have been put to better use. For example, spend this time on self-education, and the money - on investing in bitcoin (is it possible to give a different recommendation on a forum dedicated to BTC? Smiley ).

On the other hand, life is not limited to just making money all the time and you need to enjoy it. If it doesn't interfere with everything else and doesn't hurt the budget, then why not attend these gatherings like your friends.
On our view yes because maybe we are not the same as them. Maybe we are poor and values our time and money so much? But for them, they can be the complete opposite of us. They are rich already so they wouldn't really mind their expenses and it's okay for them to slouch most of the times because they still have a money left even if they don't work hard after some time.

They don't need further education because they already achieve this status and most rich people are already an investor but Bitcoin is a good recommendation to them in case they haven't tried it yet. We are in a Bitcoin forum but it's fine to recommend other assets too.
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Actually there is nothing wrong when we get together with friends to have fun and release fatigue after we work all the time. But that doesn't mean we can do it all the time, especially if it requires a lot of money to do that fun. I personally too if I follow my own ego and don't think about my future I will do it even crazier than what the OP told me. But I thought again, I'll be able to use the money for something I need more than I spent it overnight.
I don't have a large income to do these things, so when I do it often, I will be confused about meeting my daily needs. It's like I'm complicating my life. But if you do it once a month at least, maybe it won't be too much of a problem as a form of self-esteem for what I do throughout the month.
I think the point is that, psychologically speaking we all need to make some money one way or another and need to spend it as well. If we all lived a very frugal life, meaning like if we all worked and earned an income, come to a small studio apartment, live on rice and ramen and pasta, drink only water, use public transport, never go outside, never eat meat or anything, do not spend money on coffee or Netflix or Disney plus or anything, just have a bad old second hand bought pc, and use neighbors internet, if we all lived that life, I guarantee you that you will be able to save a ton of money.

However, I would also guarantee you that 99% of the world would become crazy as well, and I mean certified locked up levels of crazy.
sr. member
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Lifestyle is a choice, anyone can choose the kind of lifestyle he or she want to leave on. Either good or bad. But such lifestyle is a total waste of money and precious time.
Having a friend who spend so much of his time and money in something that will not profit you is very bad. Myself for example, i use to have a friend in back in school who use to spend his money on women. He used his school fees to go to club and hang out a lot with multiple girls. To cut the whole story short, he is now a school dropout. He wasted most of his time on women instead of studying and wasted his money too.
Some certain lifestyle doesn't worth investing your time and money.
I think that it is really depends on the viewer to say that it is a waste of money and time. I'll give some examples, I cut off most of my friends who doesn't give anymore values to me because spending time with them is basically a waste of time. Value is very important because it makes your life better and happier, I'm now only spending my time on my friends that gives me value like a type of friend does have a good mindset, attitude, have goals to attain, understanding the laws of universe and a friend that will never snitch me. There's a motivational speaker who mentions that you're the average person of the 5 people who you spend time with. If you spend your time and your money on worthless person who keep drink, doing some drugs; eventually you will also end up doing drugs or keep drinking. But if you spend time on people who value your time, have a good attitude and mindset; you will end up a person who posseses the good things that people you spend time of. If you hangout with good people, then your money and your time cannot considered as waste because you are getting a lot of value that you can use to become a better person.
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This life is full of surprises, the most important thing to understand is that our destiny are not the same, we often make this mistake because my friend is doing well and I follow him to do the same thing so that I will be better too, it doesn't work out like that we have different destiny we should have focus in life.

I prefer to move with people who are older than me because I believe they will tolerate me in any act, and this has benefited me since I began making friends. I believe so. You have a good plan, and your time and money are very important to you. My question is, between your family and friends, choose one and move on. You don't owe them an apology in order to move on with your life. Associating with them will lead you do what they are doing because friends influence as well. Every good parent would rather suffer for their children than see them suffer for the sake of their future.
sr. member
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Whatever we do, of course, can have an impact on finances, for example, wanting to style like a celebrity, of course, we need capital, lifestyle affects finances, but do we have to follow all the trending things, of course, it will make us tired and finances can become disrupted, so we have to go into debt or sell asset.
full member
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Spending money on something that is not bring income, is a waste of money because any money you spend on alcohol daily will not come back to you than to draw you backward in a way many of your friends will be ahead of you in wealth. Do everything possible to advise your friends to reduce the way they spend their money on something that can take your life easily, because alcohol can make you to drive yourself away from the road to unknown location. Don't forget there is time for everything, time to invest and time to harvest your income which is very important to humanity to always invest in digital investment so that he or she will live a good life in the future.
hero member
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If they are having fun and have finances that can manage the spendings then it's not waste of time. Suppressing desire is no good, however restriction is necessary. Such lifestyles can cause a hole in your pocket if not managed properly.

How much do you spend on such gatherings on average ? Please let me know.

I'm stay home person and have few friends. Usually under $20/month, I live in cheap country and in dry state but we have other beverages  Grin

$20 is already huge also here in our country for having a drink because we usually distribute the bills among of us to pay or pay on our own and not the same to other that only one will pay the bills that is why that $20 could make you very drunk. This kind of spending can clear your mind and relax coming from very stressful work . That spending is okay as long as you dont go broke after or affect your monthly budget
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Saw this from a meme. but it basically means that time wasted having fun is no wasted time at all. Which is so true on a lot of levels. Considering how the world has become so cynical these days you can't say anything anymore without getting cancelled on twitter. Might as well live the life you love, and love the life you live yeah?

Of course this doesn't for heinous things like serial murdering but I don't really need to clarify that, but yeah, regardless of how much your lifestyle costs you in lump sum, or how much it takes of your time, by all means own and enjoy it! We only live once, make the most out of it by doing what you want the most, not conforming to whatever society tells you too.

I guess not. Time wasted having fun is not wasted time at all ? You sound like a young man tone but I think as you are older than 35, you'll regret for being wasteful on time. Nowadays too many people are taking "have fun" for granted and don't even realize how important time and money is. Our physical and mental health depend needs relaxation but not that often like drinking every day. "We onlyh live once", yes, that's why we should plan our life and try to find meaning or purpose in life. Why do you think my friends love drinking so much ? They have no goals/purpose in life and they choose to drink to fill that void. There is nothing with what society tells us to do but being a human, we must follow our heart to feel that we are living for something. Well, I certainly don't criticize them for their lifestyle because that's their choice. Same as that I don't want to follow them.
hero member
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If they are having fun and have finances that can manage the spendings then it's not waste of time. Suppressing desire is no good, however restriction is necessary. Such lifestyles can cause a hole in your pocket if not managed properly.

How much do you spend on such gatherings on average ? Please let me know.

I'm stay home person and have few friends. Usually under $20/month, I live in cheap country and in dry state but we have other beverages  Grin
sr. member
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If the minimum wage per month is still below $300, think clearly and don't do such stupid things. Still not married I wouldn't do something silly like that,  let alone already have a family. They call it's fun? is it fun to drink? Why not train yourself to develop or at least do a hobby? But when the salary is over $1000 per month, I think it's okay to drink for pleasure once a week.
It is okay to drink once a month as long as you just spend a few dollars on it because it is good for your health, but that doesn't mean that you will spend so much and also do it on a weekly basis. Before, when my salary was $300, I still drank for fun, and there's nothing wrong with that, but only once a month, and sometimes nothing because I was short. As long as you ain't spending so much, then it's okay, but if it will affect your family, then it is not good.
Actually if you can still control yourself, drank once a month for fun with small portions like you do will definitely be fine and enjoyable, even if it's once a week. But if you get carried away and finally ask to drank more and more? Because drank is very fun especially with best friends. The point is that we ourselves know better about our financial management, with our income, we are able to control our expenses.
hero member
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Well, I don't drink any alchohol while a few friends of mine love drinking very much. They would gather to have dinner/drink almost every day(at least four times a week). The average cost of such dinner/drinking is equivalent to 1/5 the average monthly income in the city where we live. So every month, the cost for these "gatherings" consumes all the income that a man can earn for months.
If the cost of dinner/drinking is equivalent to 1/5 average monthly income, I think your friends will broke after a week, how it's possible your friends can have a dinner/drinking for at least 16x times in a month, they are should in debt.

You can friend with them, but it doesn't mean you need to follow anything that your friends are doing, you need to independent and only do what you want to do. For me having a dinner/drinking for 4x times in a week is really wasting money, I will not follow their habit.
Whatever that is irrelevant is a total waste of money. And drinking 4x a week is not just a waste of big amount of money but also time. So I think OP it’s a good thing that you always turn down their invitations, as you might also get broke after that. However, drinking with your acquaintances is not that bad, but drinking almost everyday like there’s no family to feed, is a total waste of money. They could have bought a lot for their family on the amount they spent in their drinking session.
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If that's what they can afford to spend, maybe they're not all dependent on their monthly salary and they've got something else as a source of their money.
Because if you do gatherings most often, that's certainly hitting their budget and incomes but if it doesn't look affecting much to them then that's nothing to worry about.
But such a lifestyle shouldn't be copied by you or by anyone here, we all know how tough life is these days and we need to be frugal with how we spend our hard-earned money. Yes, it's fine to celebrate occasionally but you don't have to be showy to your friends or relatives just to be said that you're elegant or sort of a rich person. Most rich people are even living frugally and only spend on things that truly matter to them and not on fancy dinners and celebrations.
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As a man or woman we ought to be we should always set a goal on what to achieve in life and live with a well planned life otherwise they might be spending over time maybe, they may see it as usual thing which is meant to occur either in weekly basis or monthly basis as rich guys they are. But this is not true because if they don't have good investment plans and they aren't seeing money anymore it will lead to criminality because they are costumed to such lifestyle which I think is not good.
That is a bad habit and is waste of resources.
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