Topic: this makes a huge impact on the economy. (Read 804 times)

I am a little lost with OPs written placement but yet I could relate some bits.
So I believe people only buys what they are in need and they buys them at when they can afford it which is when they earns their pays.


Of course yes before induging in a business of the goal of making profits, certain marketing logics are considered such as...
* What to Invest: One doesn't just invest on business trading without learning its basic skills to profit and avoidance to losts and you don't Invest because you see others prospering on the business and you want to invest on same too.

* Where to invest: At this point, it is unwise installing your business in an environment you haven't figured to know what the people of its residence would be and are in need about so that you don't even up with the qualities and or nature of products that are not needed in the environment.

* When to invest: Your time factor of investment is essential because there are seasons people are in need of some products such as the seasonal/ceremonial seasons.
Setting up schedules vertically and horizontally in considering when the people are available for patronages such as time so that an trader doesn't hope for customers to come at its own time because they are to be pleased as the client while you displeases yourself as a vendor.

The necessity of running a market survey is extremely important before venturing into any business.

Most persons are likely to spending of more money at the certain periods they earns payment but those who are expenditure budgets are likely to maintain their spending budget.

Each person is different in how they handle their expenses each month. Usually, on average, each person fulfills our main daily needs first, such as wheat, rice, etc. In this modern era, there are lots of advertisements popping up on social media such as TikTok to lure audiences to buy products, of course with tempting discounts. This is where if we don't take care of our main needs it will have an impact on our own finances. If we already have, for example, shoes or a bag, as long as we can still use it and its shape is still good, it's best to avoid buying it again, it's better to use your money for something more useful, such as investing or saving it in your emergency fund.

Maybe not many people are successful at a young age financially because they have very few opportunities, but this success really depends on how each young person prepares for it. Working for someone else can help someone to build their own business and trying to live more economically is a way to achieve all that. On average, successful young people in my area used to work for someone else for about five years and after they had accumulated capital they would start their own business.

If at a young age we don't prepare everything, then when we get married and have children our life will be much more difficult because the expenses will be much greater. Even though we don't get a big salary, if at a young age we can live a more frugal life then there is a way to build our own business.

Is it true that all wealthy people may shop differently? Interestingly, financial wisdom doesn't always correspond with wealth. Rich people often make bad financial mistakes too. Financial literacy goes beyond bank balance. Your bulk shopping and saving plan is admirable, but does it account for different lifestyles? Storage space, upfront expenses, and future needs limit bulk purchases for many. Isn't it more about tailoring financial plans to individual circumstances than universal solutions?

Financial stress can impair mental health and professional performance. These assessments are useful, but do they respect employee privacy and autonomy? Respecting personal boundaries while providing financial advice is crucial. Companies should promote financial education and help without paternalism. Don't you want to provide staff with information and tools rather than watch their finances? Creating a more responsible and aware workforce could benefit both the individual and the organization

Saving is actually paramount but there comes the limitation on your earnings. I think everyone is coming to concern about their future but when your earnings are too small to even sustain your current living standard, you can hardly save for future. Of course, I know the importance of saving for future but it's very necessary to save your present self before thinking about saving for the future. This is why is very necessary for people to look for alternatives means of income no matter what it'll cost so they can meet up with the present and also save for the future. However, the saving should be prioritize as you struggle to meet the current end meet because your plan for future defines you and how you want to live when you have no strength to do things again.

On payday, it seems to me that everyone spends a lot, because on this day you can treat yourself to something that you couldn’t do all month. At least that's my personal experience. Salary day is a good mood for the whole day)

Usually things like that can happen because it is a need or it is just a desire. Some people have a monthly shopping agenda where when they get a salary they will do some monthly shopping for their daily needs that month. Some people tend to have a desire and when they get a salary, it is like they have the authority to achieve their desire.
Maybe we are in the same country because usually government employees in our country also get their salaries between these dates and indeed as a trader I can feel that there are days when sales are higher than usual.

People have different needs and people have different perspectives on their money, people who solely live on their own have fewer things needed but others have families so the number of foods, stocks and needs increase as per requirement for their sustainability. Its still good if your country is the one keeps exporting this makes your country increase the GDP or the economy due to a number of demands of your product but other than that this could lead to the number of hoarding if the product is too much demand for used. Every payday people most likely immediately budget all the things, bills, expenses, food, allowance, and etc so expect every payday there's a wave of people keep making groceries for their needs and of course currently we expecting a 13th month if you have a job that gives you more than your current salary as bonus of your work for whole year.

I hate to say this but most of the time that's the common practice where after that hard labor and when you receive your salary, first thing in mind is to buy things that you want and not to prioritize your savings, buy now save after or save later, which is not good when the time comes, those who have a life cycle like this are prone to loaning money.

It's always best to think for your future and save more and forget about overspending what you've got, it's not bad to have some enjoyment and treating yourself with your money but not all the time, you need to prioritize your needs from what you want.

I really hope all people have the same mindsets except for those rich people since they already have the luxury to do it anytime. Buying supplies daily or a few days in between is somewhat costly and time-consuming compared to buying weekly or monthly. I also buy my supplies every month and some of them are even good for over a month. There are also discounts when bulk buying. Saving is a must for a normal family and companies and institutions should always remind their workers about it. Some companies here in my country used to have yearly assessments of their employees' financial situations and I find it very useful

My parents used to always shop for basic necessities monthly when they just got their salary at the beginning of the month, they would definitely set aside half of the money to save as savings so that when an emergency happened, we wouldn't have money difficulties and because my parents get a salary on a regular monthly basis, it is better to spend on a month's needs rather than buying them on a daily basis and currently I actually also apply the same thing, I shop for my family's basic needs weekly because my partner and I earn money regularly weekly, we save the rest for our future needs. spend the money you get for your important daily needs then save the rest, that's the teaching my parents keep telling me.

Mostly happens, as the more money you are gaining the more things that keep popping in your mind, if you are not a big fan of saving money chances that you will just buy all you want and not those that you only need, things that will be stored inside you that you have the money to spend and it's your chance now to please and reward yourself.

But, with those who know how to control and really care for their future, saving and investing is the best option they will keep aiming for more and will try to multiply whatever they've got.

There are not many of us who can, at a young age, before starting a family, create the capital necessary for a prosperous life. The vast majority of families will care about the well-being of the family together, and it is almost impossible to create any significant capital only by working at work, because you correctly noted that the average salary is only enough to cover our basic needs, and, at best, to keep something.

To achieve a better standard of living, you need to either get a well-paid job, or think about creating a business, or successful investments, but not everyone can do this.

Actually I like the way you plan your things, in the society I live in they normally pay them in every 30 days which is once a month, the way this people plan their thing is not helping them at all, because this also depends on the income they generated, truly what they paid them can not even cover for their feeding a month or even talk less of other things like for emergency purposes. So being a monthly earner in my society does not guaranteed the financial freedom but a key start for you to engage yourself in other activities to cover up your needs with out been indebted to anyone, in my side to be indebted is like under most that you have to be engage if you earn monthly because their is no time to engage in other things expect you forced yourself then you survived.

When payday arrives, I usually only buy monthly food supplies for my family and sometimes I take my family out to eat. So, I think what I did was not an act in vain. Because I personally think buying food supplies and occasionally taking the family out to eat is very important. Maybe you could say I spend a lot of money after payday. But I only buy and do things that are truly important to my family. So basically I don't waste the money I have on things that are unnecessary or useless. And I have calculated all the expenses I incur in such a way. So there is no wasted or useless spending of money.

On payday, people usually always shop in large quantities, but in this case, each person has their own way of managing their economy. Sometimes there are those who always buy what they need for a 30 day supply so on payday they definitely spend a lot and usually the rest of the money they buy goes into savings such as for emergency funds and so on.

I think there must be many people who know about how to manage their economy. Sometimes we always think that people are always wasting money on shopping when in fact what they buy is definitely what they need, it's only us who don't know and think other people are wasteful. because sometimes on payday there are times when we have to pamper ourselves and party as long as we don't run out of money. Of course, savings must be prioritized.

On payday I always buy what I need and always pamper myself by buying my favorite food and hanging out with friends and family.

In my opinion, the more income you have, the more you have to cover. I remember that I used to have a mediocre monthly income, but while traveling it was always sufficient and when there was additional income, unexpected costs always arose. So, the opinion that people are not optimal in saving cannot necessarily be said to be so, but perhaps there are several things that need to be addressed so that the desire to save is not delayed any longer. Yes. Everyone has a discourse there.

Before we become wiser individuals in managing finances. Sometimes we all have almost the same economic history. And sometimes difficult economic conditions actually provide valuable lessons. We become more able to appreciate what we have and what we have obtained. In the past, I was not someone who liked making financial plans or managing finances well. But after facing a difficult economic situation, I realized the importance of financial management. And we also have to be wiser in spending money. And sometimes in difficult conditions prioritizing quantity is much more important. Like there is no need for expensive food, cheap food is enough as long as it can still meet the nutritional needs of the body and give us the energy to work. As time goes by and economic conditions improve, sometimes we will become people who will again forget the importance of financial management. What we have to do is remember the experiences we have gone through in the difficult times we have been through. So that we can be motivated again to be able to better appreciate the money or wealth that we now have. Prepare an emergency fund, have savings and future investments. We have to think about everything, plan it and carry it out. Well, that's all so that we can have better finances in the future.

That's if the case is that people have a lot of money and most people might find it difficult to save it. A wasteful life often doesn't end well and this is proven when we are not married because money is never collected even though we get a big salary. People have the desire to buy the things they want, but what becomes a problem is when this desire is greater than the income they earn, thus affecting the economic impact, especially regarding their finances.

The strategic step is to buy what you need instead of buying what you want and develop the finances we have to be more productive. Placing money in investments or businesses is a way to increase income and anyone who can do it right will definitely get commensurate returns. If we haven't started today then what else are we waiting for because day by day our responsibilities are getting bigger, whether after getting married, having children or paying for education, health and buying a house to live in.

I can agree that we get tempted to spend an along as we have the money readily available; it doesn’t even have to be our salary. However, you need to consider certain things. What if what you’re thinking to be unnecessary is necessary for them? What if they denied their self of whatever it is and want to get it now that they have gotten paid? You never can tell unless you’re in their shoes. But of course, it’s usually around salary time that people tend to spend more because that’s when they can afford certain things.