Spend on understanding income. don't actually say this simply but we don't use it. As we spend, at some point we find that these places seem normal.But later it is seen that people are getting into debt due to excessive spending. Due to excessive expenses, people become financially incompetent.There are some people who have more income than their expenditure and invest their money, their case is different. Very few people belong to this category. Day by day the prices of products are increasing as well as the quality of income is not increasing as a result people are suffering from financial crisis.
In order to avoid debt due to overspending, we need to track or list down the amount of what we bought. There are so many ways to save money, for ex. it's not necessary to have all the new things if your old thing is still functional. Same with the food that we are eating. No need to cook brand new food but we can just re heat the leftover that we have in our refrigerators. You said people who have more income do invest?It might be easier for them to do that because they have excess cash but it's also possible for those who are currently budgeting. Instead of prioritizing things that gives you short term happiness like gambling, beer, and cigarettes. Why not use it for buying cryptos or any other assets which can be use for investing? That should help you better in the long run.
