Topic: The true value of money, is it always just a number? - page 2. (Read 410 times)

I think those two guys are the women of their relationships... I actually couldn't find from a mainstream search any article where women spend less than guys (although a lot of their clothes are unnecessarily expensive and without pockets - still not exactly hard to add if they wanted to)...

And yeah I might have gone a bit too far on my point with not understanding what you're spending. Since most people know to try to keep within a certain budget, issues arise from things like not actively monitoring joint accounts and other stuff though I imagine for couples...

For a person who earns monthly wage, it could be a yes. Yeah! They wrote their weekly budget but do you think it will be done according to the plan? I don't think so. Simply because that person is confident already that he will earn again so overspending won't matter for him as long as he is not exceeding his limits. This is where being irresponsible begins .

What!? How on earth? What I thought is that women are shopaholics in nature (just in different levels lol). That's why I hate my girlfriend to go with her in the mall unless I'm prepared for squezzing my pocket . You've got a practical partner dude.

Nowadays, if you have more money in your pocket or higher savings amount, it gives you more advantage than those who have nothing to spend. Money is not just a number but yes, a means for survival. Although you cannot buy everything from the money you own like fresh air and happiness but your basic necessities like food, water and shelter will only be possible if you have money to pay.

Sometimes I visit a store on my own and make purchases there. But I can't even tell you the amount I spent 5 minutes later. The same applies to the cost of individual products that I buy. I understand that in order to save money, it is better for me to shop with my wife, who knows all the prices of the products that interest her.

I will suggest that the true value of money can be in the government legislation. This legislation is backed by popular acceptance by the people. Example, if a dollar is staked at $10 and everybody knows it by general agreement as such. This is the value and its worth is based on what value ascribed to it.

I think i'ts 50:rent, 30, bills, 20 savings or something like that (I put about 50 into saviings instead - because if I didn't I'd end up like exstasie said and start floating what I earn to what I spend).


Yeah I guess if you don't have to price up every transaction you make then you forget about the small things and don't pay attention to anything - if you don't have much in the way of savings then you have to price up everything.

---

This could ultimately be something I do subconsciously also and just not notice but it did seem fairly interesting to look at...

It seems that all of our stable assets are fundamentally flawed like for example fiat it is supposed to function as a currency but it can be controlled whenever a central authority decides to print money out of nothing and inject it to the circulation devaluing the price causing inflation that will eventually lead to the value to a default.

I think if you get really rich that you don't care about money anymore is the right time for you to say that money is just a number. But if you're not that rich enough and still the money matters to you then the value of money is just a number for you. You will regret losing your money when it happens that will serve us a proof that the value of money really affect your mental health. How much money it is needed for the value of money to become just a number. When you try to spend money without even looking on the price because he price of a certain things doesn't matter to you anymore. That's how rich people think when they are too confident in spending their money and thinking it only just a number.

Money is not just a number because it will really help you survive in life, other people said that "Money can't by us happiness" but as we grow older, we really realize that life is about earning money. You can't eat food without money, you can't by what you want without money. Everything revolves in money so we can't say that money is only about numbers, there is something more than that and that's happiness and contentment. I keep on saving money because I know that I am the one who will benefit with my savings and it is not that hard if you really want to invest for something that is valuable. It is also applicable in holding a btc or other cryptocurrency, bitcoin is not just a number and there's an advantages using it.

I would say that this depends on your financial capacity. Plenty of people live paycheck to paycheck, and they almost certainly keep track of what they spend and how much they need. You can obviously afford to ignore more as you amass more of it, but even at comfortable levels, I'm sure people are keeping track of how much their next holiday is going to cost, how much they need to make for that dream car, etc. Even Bill Gates must be paying attention to how much certain things cost (maybe that next jet or private island lmao); it just so happens that normal grocery items are already so far beneath him that he couldn't even come up with a range.

It can be easy to fall under this perception if you're satisfied with where you are, but ultimately, it's not just a number. The only time you don't realize that it's there is when you don't need to use it for anything.

People probably don't see the need to note those things or they don't want to be bothered by it. I used to keep a budget in my mind. I try not to surpass the budget whether I have enough/excess money or not. And I also reserve abit of my fund for unforeseen circumstances (like my phone getting spoilt & needing repair). I usually end up spending below my budget then move the balance to another week.

The current global financial system is a mistake. Moreover, the money creation system is an illusion. Fiat money and banks with interest-bearing debt systems are a lethal combination for the economy because all does not rely on reality. The rich get richer because they have access and collateral to borrow at the bank by utilizing the savings of many people who have accumulated in the bank. Whereas the poor get poorer because of inflation.

The global economic game-changer is the use of intrinsic money and eliminates the practice of buying and selling money market so that economic justice is created.

Learning about financial planning is easy because it only manages existing money. If there is no money yet there is nothing that can be arranged. What we need to pay attention to is "how to make money", especially making money during a tight economy or contraction as it is today.

No matter how fast the economic conditions do not blame the situation. The four priority scales that we have to compartmentalize in managing the household economy are lifestyle, family, business, and investment issues. The way we arrange the four slots determines the level of financial quotations for prosperity.

We take the example of buying a gadget with the same function, the same benefits, different prices, and different gears. iPhone is included in the lifestyle column, oppo is in the business column (because if you choose OPPO, then the price and money function can be used for business because the used price is stable ). School children can enter the lifestyle, or family column or can enter into an investment if the school is in the school of children of conglomerates and government ruling elites.

The point is the portfolio management game. How money gets out is actually the key that makes how quickly money gets back to us.

I think it's not really about culture mate, but more about age/era. There is some evidence:
1. Pooled finance lead to better happiness score in a marriage;
2. Women are more risk-averse than men;
3. If the wife controls the pool, she spent less on leisure than the husband.

It's a personal choice, but for me, I choose to be free from managing personal finance.

As a student, I always spent my allowance without keeping track on it and I always find myself surprised that I have little or no money left that I can spent for the intended duration of that allowance but that's in the past. I am more conscious now but not to the point where I kept track all my of spending rather allocate for savings that I might use in the future to buy something that I want or need while the rest I spent on whatever I want. Now that I'm into cryptocurrency more so in BTC then some part of it goes to investing or some sort like lending and etc.

It's my first time to have heard of this methodology or I might have heard it in the past but can't remember but either way I might as well try it. It seems simple and effective.

Wow! That's a massive culture difference there, that's not the same in the west as far as I can tell, both genders seem equally bad with it here...

Women are better at this kind of thing. Just give your monthly paycheck to your wive, and you are good to go. As an alpha male, it would be best if you focus on how to increase your income, and doing better at your job. Never overthink about the day-to-day or monthly budgeting.

That may be a part of it but it's probably the coupling of money into the digital realm more so too...
I remember spending money as a kid and not wanting to part with notes or coins, but if it was on a card it wasn't money anymore, it wasnt physically leaving me...


I'm sure newspapers were posting a stat that only 25% had more than £100 in their savings... Which is a bit of a worrying statistic (especially given current events).

I also think I'd have to find a way to dynamically move funds as soon as they come in so I don't have the flexibility to increase spending on useless items - while maintaining a healthy level of useless/non essential items...

And yeah the buy now pay later culture is a problem if people are paying interest/not negotiating rates (I noticed a salesman say they turn away people that want to pay with cash and not credit because the agencies pay them so much to sell even no interest fixed term credit - which huge interest rates on default)..

When I was working a wage job for years, I noticed no matter how much money I made, my spending would always gravitate towards my whole paycheck unless I consciously implemented some rule like 50/30/20. There's something about a regular paycheck that really feeds into that mentality. Paycheck stability and big credit lines have definitely helped create this "no savings, spend everything, pay later" culture.

The main problem of the modern financial system is that money is inherently not backed up by anything other than the honest word of the emitter that they are worth. Previously, all currencies were tied to the gold standard, and it was very good, you could always get gold for them.

So a lot of the time you see millionaires and billionairs on shows trying to guess the cost of stuff and going majorly out with their guesses (either two high or too low or it's just an arbitrary guess). But from what I've noticed, most people don't keep track of how much money they have, how much they're spending and how much they need...

Personally, this is something I don't look at often (I could tell you the price of a lot of things in a supermarket but I don't go as far as to plot my outgoings and ingoings and try to follow a 3:2:1 methadology or similar (also known as a 50:30:20)) - I'm quite a minimalist financially though to a comfortable extent.

Is the idea behind money that same as most things, you don't realise it's there until it isn't... Even if you're on a wage, you can't say you check all of your accounts on a daily basis and convert them to fiat (unless you waste a lot of time doing that).