Bitcoin Forum

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

Most likely both society and yourself.

It's difficult to hodl fiat if you're the type of person that loves impulsive buying, shopping online, always eating outside, buying branded clothes and shoes, etc. In order to spend your money on the right things, you have to be matured enough to endure your thoughts on buying the things you want, instead focus on the things you need. Keep track on your expenses, budget your fiat, only buy things you wanted if you really have extra cash for it and don't do it always.

It is certainly both, first is there are people who can’t actually save and they spend or buy almost everything that comes there way both there needs and wants, if a person has such culture then it is hard to save even without money at hand they would still break into there banks and get those funds. The only easiest way these set of people can save is to join a contributing team or corporate organization that you make contributions and the end of the stipulated time some gets the money. This way the Person sees the contribution as an obligation that needs to be attended to, and this minimizes excessive spending when one has extra money at hand.

The second is not having to clear the necessary things before going into saving, so even if such person saves this money in the bank or any where they would still reach out to them when the needs that needed to be addressed where not addressed before going into savings. So on this one’s need should be tended to before saving

The reason is probably you and your habits. If you are salaried person, start saving at the beginning of the month. I will tell you what I personally do.

I receive my salary on 1st working day of every month. By 5th, all of my investments are done from my bank account. I have setup my banking account with debit mandates which automatically transfers my money into predefined investment plans and wealth management accounts. So by the end of 5th, you come to know your financial power and then start spending accordingly.

This method really helped me. You may want to try.

Money is difficult to hold because a lot of things created these days are meant to take money out of your hands and into their pockets. You have to pay for a Netflix subscription and a gym membership. We are so busy these days that we hardly cook our own meals, so we have to pay for eating out. So many things are outsourced nowadays, so you pay for whatever it is that you have outsourced. In fact, we may get to the point of paying for the air we breathe (I hope it doesn't happen). One other thing you should note is that if you live in a country where inflation is happening, you would notice that you spend more money than you used to spend on regular stuff. The two best ways I know to control this and have some money with you are to get more jobs and watch what you spend.

Avoiding cash and not taking ATM cards from banks is not the right solution for everyone because as long as you still can't be frugal with your habit of spending every money you have, you will always find ways to take it. Even if you don't activate USSD or internet banking or anything related to money, because basically every human being cannot avoid money even though they can avoid cash. But in this kind of case I just want to give you a little solution that maybe this can be very useful for you to apply in your life.

The first thing you should do if you still don't support your own family is not to associate too much with those who are spenders because it can trigger you to be a wasteful like them too. That's the first, and the second is don't be too interested in momentary pleasures that might result in lasting difficulties for yourself, for example, like often following friends' invitations, basically they are very lazy at working to make money.

So that you can also more easily lose motivation to continue working and making money in your own life. I think these two things can make you practice saving money before you spend it in any way that is completely useless, so you can consider these two things because they are directly related to the environment and to your daily interactions.

I also have a hard time-saving fiat money and have developed the habit of visiting supermarkets less frequently on a daily basis. Instead, I set aside a certain day of the week for shopping and make a list of the necessary things and products for the week. Buying everything at once in one day turns out to cost much less than doing it daily.
I know the marketing tricks when the most necessary products, such as bread, are located in stores at the very back. This is designed to ensure that the buyer, having the goal of buying only a loaf of bread and passing by the shop windows, buys something else additionally.
Therefore, in order not to be tempted by various unnecessary things, it is more convenient for me to purchase everything at once in one day. Nevertheless, I understand that such a strict regimen will not save me from walking with children and spending on children's goodies and toys. :)

It is not the money's fault to be difficult to hold. It is your difficulty to handle your impulsiveness. And worse is you're blaming it to other things. So to my response with your question, yes. It's probably a bad habit of yours but it can be easily to solve. First is forgive yourself. We all gone through that where we became irresponsible of our assets. Then practice accountability. Just know and accept that it is your fault. Not the money's fault or the banks fault. It's probably your own organization of your money, your priorities, or budgeting. Most importantly is the action. You work on how you spend your money. How you plan to risk it, invest, or keeping it. Just know that regardless or wherever you put it, there's always a risk.

It's especially hard to save fiat what with the current economic situation where fiat has lost its value. I just believe that no matter how strict the regimen is, it's still finds a way to get spent. I dunno if it's just me this feeling of having to solve a thousand and one things once the money is there happens to or others experience such.

I won't call you reckless especially how you're putting much effort to save. In my country, the local fiat is so devalued that it would be best to spend than hold..

Because it's a centralized currency and can be affected by the means of inflation, it's not profitable to hold because it depreciate in value, there's no privacy with the use of fiat, many believed it's a liability to hodl since it will decrease in value over time, there's no form of holding a fiat currency that can be compared with bitcoin in cryptocurrency not to talk of the trust in which is not found with using fiats from the commercial institutions, banks and government regulations.

Money is used to meet expenses and whenever we need something wether it is necessity or you just want it for you, you have to pay price, and what other benefit in keep collecting Money if you will not spend it for yourself.

Other than that, i do agree with you, like if i have money in hand then it used up so easily, my younger sister always ask for money and i have to give her if i have money in hand and if I don't i apologize and saves my money. (Many will say, your words are not matching like in the first para and here and many will say, how could you declare not giving money to loved ones as saving money) the point is, she always buy waste and unnecessary things from which i want her to stop.

And, i always save money when i am in my friends because they also find a way to waste your money, even if you have in your atm so i just do not hold atm card with me. Hehe. I might be declared as miser, but i am not because when i know it is time to spend money i do not hesitate, if you really wants to stop wasting money then only keep what you need for your regular expenses and the money left behind, use it to invest in BTC. Because when if you will have money in Crypto it become a little difficult to withdraw them for small things.

There are several ways you can do it, so that your money can be frozen in storage and there are several reasons why money doesn't stay in your hands, there are always expenses.

First: a good method of saving money.
* If you use a bank account, try not to use an ATM, you only need to have an account book and don't keep the book in the cupboard, try to wrap the bank books properly and put them under the floor / under the floor tiles of the house, you send money to be deposited with just a slip, when the storage period is over, just disassemble the tiles and take the book.
* The second solution, buy gold bars little by little, try to keep the gold in the safe and keep the safe key away from you, of course it's a secret, only you and your wife know about it.

The reason why money can't settle down, there are expenses.
* First: you must have other income, not one income that you earn, because one income does not meet your needs with the money you earn.
* If you get an average income of $ 1000/month, try to save 30% of that income.
Another solution: now measure your needs with your income, needs.
1. Measure your daily needs.
2. Measure your monthly and annual needs.

After that, measure your income per day, month and year, whether the expenditure is large or a little income or if the expenditure is greater, try to reduce it, only buy what is necessary, 30% of the money you get is turned off / frozen.

So many solutions from me.

Tracking money is not an easy thing, but you can facilitate the tracking process if you download an application on your phone. These applications have attractive icons that enable you to manage your financial life with ease. All you need is a few daily clicks after any purchase, and this includes small purchases, even donuts. You add them to the account and at the end of the month you will have a simple list of your expenses, after which you will decide which of these expenses are necessary and which ones you can bypass.

Google Tracking money apps you can find some apps according to your country.

Dear first of all understand fiat doesn't guarantee the value behind the paper or currency whatever you call it locally. Hmm for the second reason, I am not sure how can you justify well it's not your task but still, as you are asking why it is difficult to hold so you should answer the inflation's impact. It is difficult to hold fiat because inflation regularly decreases your buying power.

For paper cash and ATM cards, people are now used to e-payment apps and even now people are shifting to digital crypto wallets which they use to invest in the market and make their daily payments. Well, it's not our topic being particular to the topic bro the point is the technological developments and trends of crypto made a great impact on the dominance of crypto over fiat money. So as with the passage of time, the fiat is losing its value and utility in the economic circle.

I don't think it is a problem if the money used is 20% of your total net income, sometimes at a certain level of life, branded goods or who have the impression of luxury in need of forming a trust or admiration for yourself, if you are one Celebrities will definitely need branded goods.
But if our income level is below and does not find a function on luxurious things for the journey of your life and business, then it does not need to be done and it is not.

Why is Fiat hard to hold?
Your income is small and most important because you don't have money management.

ATM card, internet banking can't be a solution to hold money because it is easy to withdraw money through ATM and through internet banking which increases our unnecessary expenses because in today's digital world e-commerce sites are becoming popular both and there are debit credit cards.  And making payments through internet banking is becoming very easy. so what we need to do is to reduce unnecessary expenses and save and hold money by making investments that can be a long-term solution. Because investment money does not want to break or spend easily

This is very true. It's our habit only. Just assess the situation that you had previously with limited money in hand. Will you be borrowing money? Or will you be okay? If you would be okay then you are spending money in a wrong way but if you might have to borrow money eventually then you are right it's just the expenses that you have are unavoidable and absolutely necessary and you need to raise up your income in this scenario to ensure savings.

There are so many temptations around that attract your eyes to withdraw money. Also because of worldly luxuries we will never be able to keep our money in the wallet safe. For me it's better to just leave your extra money in your safe vault so you can't move them when you're out. It's also good that you invest only in cryptocurrencies that have the potential to rise so that you can save some income somehow.

As for your question about whether that is really a bad thing on your part so you can't stop wasting money, it can be yes or no. Yes, because you have not been able to control the distribution to those who ask for your finances. And no, because we really have obligations to do such as paying bills, food and many others.

I think it all really depends on the needs factor which is certainly different for each person. Even if you keep your money in the bank and you don't take an ATM and also don't have M-banking on your phone. but then you have an urgent need, so you will still withdraw the money somehow and use it. even though the distance to go to the bank is very far, I'm sure if there is an urgent need, you will go that long way and head to the bank to collect money.

But if what you mean is when we hold a lot of cash then we become more wasteful then this does happen to some people. Because cash is very easy to use. so it's hard to refrain from using it. an effective way to stop this is simply to limit the cash we hold. namely only holding cash for the amount of the budget that has been calculated to meet only basic needs.

I think fiat isn't meant to be stored, it's meant to be spent. That's why some inflation is considered a good thing: the idea is that people understand that their money will be able to get them less goods in the future than now, so they're motivated to spend. But as for the cash issue the op described, I think it's harder to keep track and control spending with a bank account (unless you designate a savings card or something), whereas with cash you can just commit to taking a certain amount with you, and then you literally can't spend more. I think you just need to train yourself to be strong-willed, and set realistic goals. Then it won't be hard to manage funds.

Op it is not only you that facing that problem and worst part the matter is the inflation. Now if you have $200 a day inflation will just finish them within some second with just 4 or 6 items. One thing I also discovered from this extravagant spending is decision. Once you made up your mind that you not spending it again and put your mind in it there you can save some money for future use.

One thing that take money from a man is woman. If you can avoid women in your life then you control some percentage of spending.

You generally do not have financial management and add bad habits that are supported by freedom. Because usually people like this are not only you, I also experienced it. However, there is one thing that makes it quite meaningful and provides lessons for long-term thinking. Scare yourself away from things that you don't want to be a little careful. Maybe today we can spend a lot of money but tomorrow it's not certain. Therefore getting to know the world of investment, business, building brands and hanging out with people who are already proficient so they can learn many things how important it is to take advantage of every opportunity to guarantee life in the future. Come back to yourself, if it doesn't come from a strong personal desire then everything will be in vain.

Because we keep do use of money on our regular basis,we should not be keep committed on interest.Don’t get more loan and get into the credit web,then you are forced to sell your gold to settle the loan.If you skip of loan,it’s mostly enough to make free from more expenses.So it help you from the good side using of the money which can be invested on various commodities.Avoid the loans and debt from unwanted.

It also contributes to what we are currently facing right now, recession and inflation. Before we can have an extra money to spend and to have relaxation now most of my money are being spend to expenses, I am burning a lot these days as well, I can't handle money not because I spend too much but because the cost of living in my own country exceeded that way it was before.

Because of your habit of doing excessive things spending money cannot be controlled properly, plus you don't manage your finances properly at every expense, this will be a waste for you, no matter how much money you hold, it will still run out.

It's up to you to manage it again, and spend according to what you need, stay away from bad habits that are not beneficial so that this will reduce your financial expenses, I know that holding cash is very itchy to want to go shopping and spend more but think again for your future how to save money properly, while you can be well disciplined then I think it will be easy to handle.

Both.
While we're living on this era and you're seeing the society and with the help of social media, there have been a lot of trends and flexes that everyone has to make for which results into more spending habits. An example of it is dining outside and going to expensive coffee shops like Starbucks or any known cafe that seems to be nice because the society that surrounds you think of you highly when you posts that you've been there whether it is at rare times or often times. I do get that before whenever I've got cash on hand and it's truly easy to spend it. As much as we want to save, we just can't because times that we have to spend is always there. That's why you gotta save hardly and even you can't, you have to oppose to yourself in terms of spending. While it's easier to spend today and shop everywhere through online and mobile banking, that adds to the reasons why a person doesn't have a saving. It will all end up on attitude and approach to your money handling decisions.

You are not alone when there are many people in the same situation as you in today's society. So there is a sincere advice that I want to give you that is "The best way to keep money is to let money work for you". If you have some spare money, instead of trying to keep it in an account that will make it useless, you can make a plan to invest in speculative market channels such as gold, securities or bitcoin. That's how you can make money, but investing requires experience and knowledge, if you are going to invest try to learn these things as well as you need to have a solid mentality.

Yea, If one is not self-disciplined, that's how it always would be. Like for me, before I started my business, I hardly kept money in the house or in just my normal bank account, if I do, in just a few days, I would run out of the whole money, and that's because I would almost always buy anything I see, and by the time that money was in my hand, that's when I would remember things I didn't have, both necessary and unnecessary ones. But I still learned how to manage money, and I also created a means to always save, so that any time the money goes Into that safe, it doesn't go out until the real need arises. It got better with my business in place, because if I spend that way, it can crash my business.


So, I would say, if you want to save the money you have on you, always be determined not to always get anything you see; just create a special saving plan for the money so that, once the money comes, you end it in your savings and only keep the one you expect to spend.

Because basically our thinking has the mindset that everything needs money so even if we have money we will obviously feel lacking.
On the other hand, when we get more money, we will definitely have higher needs. But that's only natural, when we have money, our lifestyle must change, and this is the problem because we really have a big ego and a high level of prestige just because we are have money so that no matter how much money we get, the need will indeed feel even greater than before.

avoiding taking ATM cards from banks is also not a solution because basically when we live in the current era even though it is possible that we always invest in bitcoin but we also still need fiat and bank ATMs for everyday life.

Buying something we like makes us feel better, even if we don't use it or forget we purchased it. We are impulsive buyers because of that nice feeling.

Make a budget so you can see where your money is going. Once you've defined your expenditure, you may start making minor modifications. Small habits, such as going to Starbucks every morning, can quickly mount up to hundreds of dollars per year. Having McDonald's for lunch every day will have the same effect. Once you've cut back on frivolous spending, invest the money you've saved. To be honest, overcoming old spending patterns will be difficult and will need sacrifice and discipline, but it will be worthwhile.

When you've noticed that it's just like a cycle that gets on happening again and again. And you're just an unstoppable spender, there's no problem and it's not a habit if you're spending it on meaningful things especially the needs that are essentials.

But if you're just spending it like you're one time big time millionaire in a day to you wants, that's certainly a bad habit that you should get rid. We can't stop to become a spender when money is in hands, I am not sure but there could be some psychological thing behind that because it's like everybody is like that.

You are required to spend when you possess money. Even before the high cost of things, spending always happen. I understand that you're referring to the difficulty of being able to save up money. It happens to me too, but I have a way of controlling myself from buying unnecessary products. Since you realized that holding cash contributes to excessive buying, it's necessary to cut short the amount of cash you take from the bank and restrict your brain from thinking so much about the available balance. Or if you have a business, it's better you forward the funds back to the business and discipline yourself.

You are not the only one suffering from this, a great deal of the economy growth is based on the consumption of goods and services, so not only businesses try to make you to spend more, even governments are interested on this, it is because of this that savings on the west are at an all time low while the debt that each person carries on their backs is at an all time high, then you need to do whatever you think it may help you to hinder those tendencies, and if this means giving up on some form of money then so be it.

Perhaps it’s a combination of the constant rise in the prices of goods and services as well as your bad habits. You said it yourself that you blame yourself for spending a lot as well as being irresponsible with money.
Anyone can make a plan with what to do with money but few people could actually stay on course with the plan to actualize the set goals.

You should start with having and keeping with a scale of preference. With that, you could keep track of what is actually needed(not wanted) and get them leaving the unnecessary and most times wasteful things. Unexpected expenses would likely pop up every now and then but with a clear budget and a scale of preference, you could beat the habit of spending on what isn’t needed and keep more money saved.

I also think that the society is contributing to the high and many expenses since there are lots of advertisements and offers everywhere.  This ads and offers make us willing to spend our money to buy what their are marketing.  Just like when we learned of a buy one take one offer of one of the item we use.  We ought to buy them even though we still have some of them in our stash.  Aside from that, pressure from peers when meeting up.  Even though we do not plan on spending much money but due to peer pressure or to not get embarrassed, we tend to spend more than what we planned.

Actually, money was originally created as a means of exchanging goods, but still not as a means of accumulation. And when such a thing as paper money appeared, long-term savings in money generally turned into a risky story because states rarely know the measure in printing new money. And research in modern economic theory directly says that states should print money a little more than necessary in order to stimulate economic growth and force the population to spend money rather than accumulate it. Therefore, this is not an economic problem, but an indispensable feature of the modern credit monetary system.

It's true, what you've described in OP at OP.
Cash at hand makes for easy spending and just as much is the case with cash in your account. Reason being that, you've got ATM card or even, a device that can make quick transfers. There isn't anything stopping you from archiving these transactions but yourself and the money is being spent on relevances by the way.

Unlike cryptocurrency where you've gotyo wait on the transaction to go through some confirmation time and the more you sell, the less you get.

So, there really is nothing holding you back but yourself. The best you could be is, have great discipline to hold back.

Correct. Having a goal to achieve can make a person change wasteful habits to become more frugal. And usually people who have goals are those who think and have plans for a better future. So it's not even about holding cash or money held in savings. but this is about self-discipline in financial management and financial management is really needed in this case.

I'm really not sure what you're talking, kind of hard to understand your english..but I think it might just be a more personal thing with spending than anything else.  Maybe your country/where you live also has something to do with it, perhaps?

I find money easier to hold than ever.  At least here in the United States banks are pretty secure.  We've got all sorts of money transfer apps, easy access to ATMs etc.

Money will not stay long if you're spending too much in things that are not really necessary. But if you know how to manage and budget your money for needs before wants then you can track where it is going and you'll not wonder why. Society and yourself have something to do on why it's difficult for you to hold fiat.

Therefore, to prevent yourself from spending, avoiding cash on hand, the use of atm cards and online banking might work. However it's not the real solution because you still need fiat to buy the essential things. You need to learn how to budget your finances and be aware of what you need to priority.

This is purely a bad habit, instead of looking for a strategy to keep money out of reach which I think is also a bad option for an emergency situation, I think changing the habit is better. Especially if the OP lives in a crowded center, this will be an extreme journey because just leaving the house will trigger extravagant desires.


What the OP means, s/he finds it difficult to save money, cut expenses that aren't needed.

You answer yourself. You pose the problem in an objective way, as if it happened to all of us, to finally recognize that you are to blame. It is true that society encourages spending, but ultimately you are responsible for it, because it does not happen to me and many others.


It looks like that what he does.


This is essential. If the OP wants to start spending less, the first thing he has to do is to make a budget, and try to get in the right mindset.

Fiat is not a currency you could hodl down with you else you may find it annoying seing that it has depreciated in value, the major constraint is inflation and holding fiat will not give you thesame or equal value of same rate for buying commodities over time from the market because of the increase in price through the influence of inflation, this means there's nothing to gain by holding fiat than to loose rather.

FIAT is a scam. Holding it will only make poor. Here in my country our local currency devalued against the dollar by 25% in a month. Everybody is buying whatever they can. Crypto, gold, stocks, used cars, toilet papers you name it. Anything is better than holding FIAT. USD will share the same fate too. Maybe not immediately but in the future for sure. There isn't one FIAT currency that lasted forever in history. They all die eventually. Some commodities like bitcoin and gold on the other hand, they don't die. They are timeless.

Maybe it's true that everything has to start with changing wasteful habits to be more efficient. The method can be by having targets to be achieved which can be accomplished when raising money. Because without anything to achieve, humans tend to squander the money they hold. the second act is to have a foresight. Namely having an awareness of the importance of building financially from now on so that it will be better in the future. But to do all of this requires high financial management and discipline. and if one is not accustomed to discipline then all is in vain.

This problem comes from the OP personally, and is a problem for many of us, satisfying our needs in life and struggling with money issues. The question is, what do we work to meet and are we complying with what we think, I bet a lot of people will never know exactly what they know and want. I am also a person who is not too good at keeping money, when most of the money I earn, I spend it on various problems, but not entirely on personal expenses. But I find that money is always an external thing and we can either earn it or it controls us, so I also just see it as a tool that connects people and everything else in life, without it life will be more uncomfortable but when we see it as a tool for life, we are always satisfied and grateful for what we can do with money.

This is a problem that majority of individuals in the world have, it's not a good habit and it has to be stopped or it'll affect other parts of your life and make it impossible to be able to save and also leads you to making irresponsible investment choices because you want to get rid of the money out of your hand or account so you don't spend them on unnecessary things meanwhile you don't realize you're wasting your money on those investment.

Learn to be able to hold your money, most individual don't have a problem with making money but holding that more and securing their profits that's where they have an issue and some started as not been able to hold money without spending it but then realized it too late.

It's not the fiat that's hard to hold, but it's you who's having a hard time controlling your desire to be able to save money and not spend it on something that's not important. Until now, I personally still use fiat and internet banking and have not found any problems related to my spending. The point is how can I monitor my spending and still control the desire to spend on things that are not important dan that is the best way to avoid overspending.

Lol OP should limit his self from squandering money because we have to save money for no reason.


What do you mean by fiat is a acam? Are you aware that no matter how bad the government may be, they can never allow banknotes to be a scam because they also benefits from it, I can use my country as an attachment in these area gonna those days were some citizens uses fake  fiat note and if they are been hold by any means, they will be jailed, I strongly believe that how it is every were.

When someone regularly overspends beyond necessity, it is considered a bad habit. Some people think that if they have money, they have to spend it. There are some others who try to spend money as soon as it comes into hand. But those who have such habit should be aware. If the money has to be used after withdrawing from the bank, it may be a bit difficult or time consuming which will help to reduce the extra expense of the person to some extent. But it is best if the person can reduce his spending propensity on his own.

It is both society and yourself; you are having fun scrolling through social media, right? That is also one of the triggers that makes you an impulsive buyer; you spend on unnecessary and expensive things, saying that you are gifting yourself. That is why I've noticed it also in myself: when I see a new restaurant open, I go there to eat, which is sometimes not bad, but there are times that even if you are short on money, you can't control yourself from going there. Also, I've already restricted my fund transfers in my account to prevent buying online. All of this is still about our selves; we don't have control over things. One of the tips that I can give you is that if you are really urging yourself into something to buy, wait for 2 or 3 days if you still want it to be bought. Like, if I see a new release phone that is also budget priced and I am very eager to buy it as I've been watching videos of it and getting feedback, but if I really hold myself back and wait for 2 to 3 days, then I don't want it anymore because I needed to use the money for something else. Try to practice it.

Which part of what I said you didn't understand? It is a scam. USD lost 99% its purchasing power since I don't know when. Whoever held USD for a long time lost money. (which is purchasing power) The central banks print FIAT out of thin air. Can you print goods and services? No. Then why do they print FIAT without anything to back it up? That's the definition of a scam. It is a wealth transfer. The rich gets richer and the poor gets poorer. Hopefully you understand it now.

Best solution is finding a right investment plan. I used to do the same. Money in hand will fly away like a rocket. And it's a habit. If you want to control it, you will need long time and a plan. But if you invest it, you will grow your money instead of spending on things like you do right now. Also, you can save your money to something. When there's a target to fill, your mind will tell you not to spend money on things that you don't need, and also it will always remind you of your target. So you will avoid doing extra spend.
Make up your mind and work for that target. It will increase your focus and will help you to save in the long run. Spread your spending, make a plan. Here's what I do in order to save. I divide my income into 2 parts. 75% and 25%. I will put that 75% into a saving account. That could be used for savings or investment. But that will be always put to saving account that I won't touch. The other 25% I use in order to cover my expenses and what I wish to buy. You can also give that money to your family member for to hold. Give them the account, but you keep the access. So it is safe in their hand and you can use the rest. If you like this idea, you can try it out, or you can make one of your own based on your need. Always try to push your limits.

we don't have the same view on saving money and spending, apart from everyday problems in life and preparing for the future I see making money and keeping them is not the same for everyone, we can living in the same earth house, but each person's life is different. As in the past, I also have extravagant spending behaviors, but there is a period when I see more than poor people who can't even provide for their own food and shelter, I have a strict look at myself to avoid waste fee. Money associated with life they help a lot, but I also don't silence the question that I have to be really rich, as long as life feels satisfied with what you have, missing a meal will not cause you to die. Come on, it's okay if the sleeping place is dirty, so if you can, take a look back and help those around you or improve your own life and don't be too luxurious. The principle of wealth is to give, and do not think you will receive, because it is a fairness that you help without thinking that someone else will help you.

Inflation is eating deep into everything, increasing the cost of living. It's very difficult to have money and that money is enough for what you have in mind because the price of everything is now increasing.
It's very difficult to have money and not spend it on things that will give you comfort or spend it on things in general. When there is money you always want to solve your problem. Funny enough, the problems are never finished. So it turns out there is always a problem to solve when there is money.

Saving money requires a lot of discipline. If you can't keep it yourself, you should keep it in an account where you won't be able to use it for the time period. Usually, those savings should be for the short term because with the high rate of inflation, saving in fiat money for a long time only ends in a loss because inflation will eat that into that savings too.

The problem with money at hand is that it ends up being spent very quickly. This happens to everyone out there. You can start avoiding this by keeping recurring deposit where you exhaust your monthly income into in order to avoid it from getting spent.
Keep a limited amount of money at hand for possible expenses which you can derive from last few months expenses.

As soon as you see that your total volume of money at hand has reduced you yourself would cut down on unnecessary stuff - it's a psychological thing and it works to prevent over spending. You need to get that cash away from hand as soon as the monthly salary comes in.

Once those deposits mature you will be surprised at to how much you actually accumulated over time.

The influence of dependence on the country's economic conditions will not be too much for every citizen as long as they can still work in a place that can provide them with money. However, the difficulty that is often faced by every citizen is at their own level of luxury and lifestyle and when they start spending money without consideration for saving.

Even though there are conditions where they are forced to spend money excessively or unusually, I think they won't be forced to do this forever if they still want to find ways to stay frugal in their lives. Because it can save him a little from the difficulties that occur during this inflation.

Expenses that are not too important need to be limited gradually because that is what is more feasible,
better switch to saving and that's better to prepare for the future,
they should be able to sort it out on their own.

I guess the same thing happens to everyone, I found myself spending more money when I have some money in my bank account, and I found myself spending less when I have no money in the bank.

I always end up planning everything out myself for the week so that I can safe some money, this is why I don't like keeping local currency, I only change stable coin into Fiat if the needs can't be avoided.

Another reason is the inflation, you keep money in the bank, it starts losing value after, I am now used to keeping most of my money in BTC and stablecoins.

The real problem is to make the money work. Earning and saving at least something does not seem too difficult and almost everyone can do it if they wish, but further actions with money cause difficulties. Often, the saved capital is too small for serious investments, and even more so in order to distribute it in different directions.

In addition, the fear of losing everything stops them from doing anything, or people decide to give money to the bank for a deposit, which is also not much better than just keep fiat, since inflation will eat up the purchasing power of money.

We are not taught how to handle money, if you learn it yourself, then you will have a chance to achieve something in this life, if not, then even those small fiat savings that you can save will lose their value.

The thing is.... people are bombarded with advertising to buy goods and to pay for services... every day. You watch television and they show advertisements of fast food franchises and people quickly hop onto their phones and order food through a App.

Credit cards and Debit cards were created to remove people from physically touching and seeing the Fiat money that they are spending. (You do not see the money going out of your physical wallet, so you spend it without thinking about it)  ::)

I really understand what you're talking about,  sometimes it is not as if the money we spend on our daily expenses is a waste. it is something that is needed that is why we spend to get them. And the price of everything is on the high side and if account should be taken on what we have spent money on, you will notice you didn't just spend money unnecessary but money was spent in getting the necessary things.  I think it is how expensive things how in the society that makes it look as if money I spend unnecessarily, the present state of the economy,  it is so very difficult to save money because everything you spend with money is on the high side compare to before.

The main reason why people find it so difficult to save money is because they can't provide the basic things they need, so it will be difficult to save money when there are things that is needed to be done with money. But at least if one earns a good amount of money that can cater for the daily demand I don't see any reason why it will be difficult for one to save money. Their is no value in fiat, and when it does not flow  in larger amounts it is hard  to save it.

Why you blame yourself if you're the one who want to spend it and you happy when you buy it? remember, you only live once ::)

I'm not entirely disagree with those kind of people because they used to live paycheck to paycheck, as long as they not borrow money for unnecessary thing and they not leave anything bad to their friends or family, it's completely fine.

Not all people want to be rich and not all people can become rich.

I agree with you. These days you have to think about how to make money work. Otherwise inflation will devalue your capital. The problem is that there are fewer and fewer good ways to invest money safely. There are risks and restrictions everywhere.

Holding or saving money is actually good especially in a case of emergency, but of course in investing there's always a risk involved if you don't take that risk your money will remain the same which couldn't be good when inflation hits. If you don't make your money work for you then there's nothing wrong about that, still having a passive income is much better. We don't need to be scared to risk our money if we already have the knowledge how to make our money work for us. Just do your own research and if you already build up your decision then good luck it's a win and win situation since you could gather experiences from your losses.

In my opinion those individuals who have responsibility of family and have to fulfil the needs of a family never spend money without planning. A responsible man always control expenses but those individuals who don't have any responsibility cannot control expenses and spend lots of money in useless activities.

Everyone wants a luxurious life but it depends on a person's situations that whether he can afford it or cannot maintain a better life. I will suggest that minimize your expenses so it will be easy for you to maintain a successful life otherwise your future will be stressful as one who don't plan when he is wealthy so he regret when the time passed.

In the last two years inflation has occurred in many countries due to economic conditions and an increase in our expenses has been observed due to this inflation. However, this increase has not been reflected in the salaries of citizens in many countries and therefore it has become very difficult to save money. On the other hand, when I controlled my own expenses especially in the last few months I observed a significant increase in expenses. In other words, it's almost like breathing has become a spend of money. Unfortunately, when the situation is like this we have to make extra expenses by going out of the plan and spending schedule and as a result we go out of our planned target. To make a comparison with myself, it would be possible to state that this situation mentioned by the OP is not unique to him/her and that many people now have to live in this way.

the same condition may also be experienced by others. because basically inflation which makes the prices of basic necessities soar high will of course also force everyone to spend or use more money to meet their daily needs. So that some people find it difficult to stay thrifty. and they become more wasteful because they are pushed by the soaring prices of necessities. Prolonged inflation will also make people's economic power decrease which will trigger a recession which is also currently being experienced by several countries.

Invest is the key for this. It’s not just you but many of us find it very difficult to manage the money. In the westerns all the kids are taught about money management lessons since school time. Now there are also some areas which are still away from this. And no question about the easterns because there is no such concept. However in both spheres one thing is common, money always run out of the hands. Lolz. The only way we can do this is by investing money into physical or digital assets. If you want stronger hold then just go for the physical assets. They are hard to sell quickly. For example, real estate. One of the booming business and high appreciation all the time. It can make you good portfolio as well as achieve your savings goal as well.

Investment can indeed be a solution for those who are able to set aside money to channel it into the desired investment. But the problem is that the people who even have trouble holding fiat are the ones who sometimes have a hard time keeping money in their hands. So they find it difficult to save and invest. Inflation and the minimum amount of income are also important things to watch out for. so the solution may be to first increase your income and start investing.

Money is created to spend, not to keep. If that money is in your hands now, it is certainly be gone after a few hours because it was designed to be like that. In fact, if you would imagine if all people are holding their money, how they would survive without spending? We hold money and save it but it doesn't mean that we don't have to spend it anymore. In fact, rich people don't hold money, they use it to multiply and make more money, that is exactly how it works.

I used to be just like this when I was younger and it's basically being reckless with money. It's fine as long as you steadily expand your financial knowledge as you go through life, to the point where you will find it attractive to make investments that you won't touch. It's easy to burn through money and that is what most people are comfortable with doing, however the really smart ones start putting their money to work and have it earn more money - they are playing the long game. There is the dilemma though, that costs are rising all around us but in many cases our income stays fairly static. This can be problematic when it reaches the point where your core & basic expenses exceed your inbound money, that's much harder to change.

Under any circumstances, everyone should be able to save money and limit non-essential expenses if they still want to live a more secure life without being troubled by the difficulties that can always come to everyone who still seems wasteful in their own lives. I think there's nothing wrong if that kind of choice is for the good of ourselves because limiting expenses in order to be able to save are the characteristics of successful people who have the target to grow in any situation.

Don't you get it already? The plan is to take away money you have so that you keep working and working for the rest of your life to accumulate more to spend and purchase things that you feel will make your life better or make you happy when in fact happiness is not found in things or in objects. Idealistically, we do not own any more, any money we have is some else' just waiting for it to be spent either compulsively like we have in the world today or based on a budget which is the more difficult thing to do.

In my opinion, maybe it will be a solution for the long term if he can be an economical person. nowadays is hard to do not to spend your money, because in out there you can find an interesting thing which you don't need that, but you have to buy it. For example, on social media like tik tok, when you are resting and scrolling tik tok, you can find ads that interest you to click on the yellow basket, even that things you don't need it, but you are like hypnotized to spend your cash to buy it.

Maybe this is economic growth for the country, but if income is not suitable with output, will make them bankrupt because it's too consumptive.

Does that have anything to do with increasing inflation in the world? I though about that for a second, and it probably seems to have at least some influence over the issue of money being spent more than usual, we remember when we used to be kids, a little used to be a lot for us, the reason for that was definitely because there was no high inflation and quality things were available at cheap rates which isn't the case anymore.

You can't buy something that has a good quality with a reasonable price these days, you will either need to compromise or quality or spend more money than you want to only to get products that have good quality, that is how the world has become due to inflation.

Extravagant spending is not recommended because we don't know what will happen in the future, so it is also necessary to have provisions for emergencies. But not so that we save too much to harm ourselves, don't forget that we try to work and earn a lot of money to have a better life. So no bad feelings or regrets about spending for yourself, I like your point. As long as we don't bother anyone and the spending is within our financial means, we should spend on our needs. Don't be too frugal with yourself because we only live once.

By hold if you mean why can't we "hold" it like bitcoin, it is because of inflation. The value of fiat money depreciates overtime. If you keeping holding your fiat money, after few years, your money will worth less. You would be spending more money to buy the same amount of stuffs that you could have bought few months ago. Hence, it is difficult to hold fiat currency. Better to invest it somewhere to beat the inflation. But by holding I am guessing you mean keep it with you and "not" spend it. Like how people hold bitcoin. More like be avoid yourself from  making unnecessary spending. Well, that is totally a different thing and its a "personal" thing. Depends more on your spending habit. You need to change that to hold your fiat.

well, the velocity of money on holidays and payday is much faster and much higher. at that time people used money for pleasure and self-indulgence. And that's normal. but if excessive in spending money then that is what should be avoided.

Unexpected needs are usually what always make it difficult for someone to save. Sometimes money that has been budgeted for savings will end up being spent or used for these unexpected needs. so there are indeed some conditions that make it difficult for someone to hold a fiat in their hands. Apart from the temptation to shop, sometimes unexpected needs are also another cause.

Clearly you hmare irresponsible with money staying in your hand for long therefore the spending problem is coming from you on the grounds that you lack financial discipline and with no budget plan on how you intend to spend your cash against the coming days, week or month, so it got nothing to do with what or how the society is.

Learn to be economical with your spending habit by making sure you spend money on vital needs especially household needs and suspend any unnecessary or unplanned expenses, do so as a habit and see money staying longer in your hands.

You have made it personal, your context, then is surely you fault, bad habits, etc.  Or that your saving capacity is zero, you don't generate so much money so that according to your expenses you can afford to save.

On the other hand, we live in times in which we abide by the advice of third parties, so taking "truths" as saying that it is the fault of our current consumer society is just justifying our bad financial reality, which depends on your common sense. and responsibility.  It's simple, use the financial benefits correctly and give your Fiat a better sense of use.

The so-called needs certainly exist, but it's true as you say "It's simple, use the financial benefits properly and give your Fiat a better sense of use" and I think one of the ways with which expense boxes are important and urgent. If we remember we are safe. but the story is different if we follow the lifestyle, it's enough that it's not enough.

Financial management is a process, requiring monitoring and initiative. You can learn more about smart financial management to keep your money more stable and achieve your financial goals. This problem not only happens to you, but also happens to many other people. One major reason is that fiat money has no item value behind it. It is created from the trust of users and governments, and therefore its value can decrease over time. In addition, feeling demanding to use your money can be due to some bad consumption habits, it can also be due to incurred costs and improper financial management.
Avoiding carrying cash and replacing it with an ATM card or using online banking can make it easier to manage your finances and reduce unnecessary spending. If you decide to use these facilities, you should ensure that you can manage your bank accounts and use your ATM cards smartly and responsibly, avoiding wasteful spending.

When I am with my friends they want to waste my money. If I have an ATM, I don't keep an ATM because I want to waste money from that bank. Because of this my close friends call me miser but I am not miser. By saving this money I will invest in BTC because when my money is in cryptocurrency I can buy small things with this money. If you really want to stop wasting money then do like me.

In this day and age, we need to be aware of this fact, and when you know this, it should be hard to get it as well. I understand that it is not going to be simple to keep it going without buying anything, but if you know that they are doing it just to sell some stuff, then you shouldn't be falling for the trap neither.

I mean if you fall for that trap even while knowing that it is a trap, then what's the point of having anything that would be profitable for you at all. I think it is a lot better to just focus on what you could do personally, and if you know what you are going to do then you are going to be able to actually make a change. That is why it's much smarter to make a profit from not caving into what the society shows you as the right thing to purchase and focus on your own needs.

We live in a consumer society, that's true. Am I ready to say that society itself is to blame for this, probably not, but society allowed this and this is not very good. Whoever is willing to hold fiat will fail because it's a losing strategy these days, inflation is too high, and the printing press will continue to solve government problems. For them, this is a magic wand that can solve all problems, and for those who keep fiat, this is the worst decision that could be made. They work hard all their lives to save something, but in the end it will all be in vain, because government policies have stripped them of everything.

It sounds like a budgeting issue; either the OP has a lot of money and doesn't care about proper management of funds, or the exact opposite. Cash is difficult to keep track of, which is the main reason I've stopped using it, along with safety reasons. Moreover, I find it inconvenient to use, as I don't like the idea of having to withdraw money every once in a while. Thus, I resort to paying with my debit or credit card every time, with which I can easily keep track of how much I spend and create a budget.

Some claim that cash is king, but I disagree; it's not convenient for our day and age anymore. While card payments also have disadvantages because governments have started tracking our expenses, something that I absolutely hate, they are a necessity.

You just need to know what the solution is, and one of them is to limit unnecessary spending of money.
When inflation rises, you will feel the effects. Fiat loses a lot of its value and it is even more pronounced when the value of an item becomes very expensive. As the cost of living increases, lifestyle can sometimes be problematic, so cut back on anything you feel you don't really need instead of blaming someone else for how you spend your money.

That is how the economy is arranged to work, governments print a lot of fiat not only to steal from their citizens, this move causes them to understand that if they keep holding their fiat then the less it will buy on the future, so it is preferable to spend it now than to keep it, however while things are still within the control of the governments at some point they get too heavy-handed with their fiat printing policies and people begin to spend their money as soon as they get it, a process known as money velocity, and if it gets too fast it can destroy the economy.

I don't know who to blame in your case but yourself and your policy of spending money. I think you have to be wise enough to manage your finances so that you don't get into financial problems all the time. When you know that fiat values ​​depreciate all the time then you really need to manage your finances and not spend them on something that is not useful.

Imagine how easy it is that $100 is no longer enough to meet 7 days' needs when you have dependents for your children and wife, so limiting spending and managing finances properly is advice for anyone to avoid financial problems.

Fiat money, or cash, OP? Because you say fiat money "at hand" which makes me think that you're talking about cash.
You must have problems with over spending and that's not a fiat's problem but your own. It's the same debacle as between an owner of a gun and the gun itself. People who want strict gun laws claim that guns kill and people should not use them, while those who understand how it works say that guns don't kill, but people do and they'd do it with, or without a firearm.

If you have a problem with holding fiat money, and you were given bitcoin, I bet you'd spend it just as fast. It's not about the type of money that you have but your attitude towards it.

To me it looks like there are several possible reasons and also solutions. Inflation and price rises is one of the reasons. You have to spend more on utilities, groceries, rent, insurance etc... Secondly, you're living beyond means obviously. You have to learn how to control your expenses or look for a better job (or some side hustles).

I agree, I find it hard to resist spending if I have money at hand — even tho my belly may be full, I still eat some fast food, or buy t-shirts, go to mall. When I was younger, I was better against these habits that have come upon me.

Also, I find it hard to keep track of cash purchases so have started to use online payments.

The ever-increasing cost of living makes us have to be vigilant because it can get us stuck with debt, many people use shortcuts by going into debt when they feel they have a need that cannot be met from regular income, and in my opinion the best thing right now is to force yourself to be able to invest in cryptocurrencies.

Indeed, sometimes digitalization has become a problem experienced by people without them realizing it.
I also tend to spend a lot of money online compared to physical shopping, but self-control and financial management will remain a priority for me. I'm not saying extravagance is bad for everyone, especially if they have a pretty good monthly income.

But when the level of use of money has reached 90% more than a month's salary just because of uncontrollable expenses, it is clear that we will be in financial trouble when we need urgent expenses. The thrifty mindset must be emphasized carefully, so the habit must be reduced slowly.

If the OP is doing well, he will find the fiat difficult to hold and spend it all, but some of it will be spent on things worth holding like bitcoin. As fiat depreciates it doesn't pay to hold much and millionaires in fact hold little, especially relative to their wealth. They do have assets that are worth holding, and many of them are income producing. With that income they cover both current spending and purchases of more assets.

But it seems to me that this is not the situation of the OP, who has fallen more into consumerism than anything else, i.e. he spends his money without buying assets. You'd better start buying OP, especially bitcoin. You will be better off in the future.

These temptations are certainly not easy, of course, especially when you are still young,
the more mature I think we realize how important it is to reduce non-essential expenses,
Of course it would be better if at the beginning we realized that managing finances is important.

That's both and in addition the inflation. All things are becoming more and more expensive, now if you have a habit of unnecessary spendings, that's what make it hard for you to hold cash, since cash is easier to spend as well as having credit and debit cards.
Actually, it is not only you who has been struggling with saving money. Many people also do, especially the young professionals who have less interest in investments as they are still spending their money with leisure and luxurious life style.
 

Of course, regardless of anyone's financial situation the cost of living has affected everyone or will affect them in the coming period. Although some people cause unnecessary consumption and waste by spending without paying much attention to today's price increases, the fact that many people do not spend in this way is entirely due to abnormal increases in the cost of living. And yes, if inflation cannot be dealt with and if the inflation rate continues to increase for a while, causing the prices of basic consumption products to increase unfortunately this situation will negatively affect many individuals and the country's economy. In this process, it will be useful to determine a roadmap that will be suitable for all conditions and to pay attention to our expenditures.

LOL! You can never stop spending, just pray and work hard so you won't stop earning. By the way, money are meant to be spent  ;D
It's now depend on what you're spending money on. If you're spending money on unnecessary things, then you should be worried and it's better you put a stop to it.

Doing away with cash or ATM will not stop you from spending money as long as you have it, it can only limit your spending to some extent. The funny thing about this is that whether you are earning or not, you must spend. The society has nothing to do with your expenses, your individual self is responsible for your financial management. Keep earning and keep spending.

I think that's not what he is trying to portray. Money is hard to find but not difficult to hold in our hands. Money is easy to spend and I don't think it's because people think of the inflation. It's just that it's in their nature already to own a certain thing from time to time. Money is not profitable because it's stable but if we save it, it's possible to grow it. We can also use our money to build a business or to buy an asset.

These are the ones that can provide us a profit after. There is no privacy in fiat but it's not a big deal to the fiat users. You will be surprised if how many people trust fiat and the institutions related to it but their view will change once they know more about Bitcoin.

Inflation drives up prices, but it only seems too difficult at the initial stages, because after some time, the economy evens out the disparity in price growth and income growth, since employers will be obliged to raise wages for workers according to the level of indexation from inflation.

The growth of inflation is provoked by human greed, so we constantly see rising prices. Everyone wants to earn more. Perhaps in this case, not very reasonable decisions of the government contributed to the growth of inflation, but this does not change the essence.

Yes. Especially the needs of women, myriad. yes. You are right, if you are not good at managing finances and by making a priority scale, I think it will end with additional loans (debt) and will always be repeated. open again, close again and it will continue like that.

Fiat currency, which is paper money that is not backed by a physical commodity like gold, can be difficult to hold due to several economic factors. The first is inflation, which erodes the purchasing power of fiat currency over time. As more money is printed and circulated, the value of each individual unit decreases making it less valuable to hold onto. Another factor is the interest rates. When interest rates are low, it can be more attractive to invest money in other assets that offer higher returns, such as stocks or real estate. This can lead to a decrease in demand for fiat currency as people seek out alternative investments. Fiat currency can be a convenient means of exchange for day to day transactions, it can be difficult to hold onto as a long term store of value due to these economic factors.

Make a detailed financial plan and stick to it. Define specific financial priorities and goals. Limit unnecessary purchases and create a specific budget for daily spending. Learn how to manage money by reading books or taking a course on personal finance. Re-evaluate your spending habits and find ways to change them. Avoiding carrying cash, using ATM cards, or activating online banking services can help you control your spending more easily. However, it is important to find the specific cause and take appropriate measures to fix the problem.

Modern society often creates pressures and expectations about spending. Maybe you feel the need to keep up or spend money to show social status. This is an element that can make money difficult to hold. Some people do not have a clear financial plan, do not track and manage their daily expenses, leaves money easily wasted and not used efficiently. It may be due to unnecessary shopping habits, spending money on entertainment or eating. This leads to the money not being used for a purpose.

Debt will only occur when a person experiences a shortage in his life, while he has to fulfill all his life needs which cannot be avoided at all. So there is no reason not to make financial arrangements in life if someone wants to avoid debt or difficulties, because those who live without being in debt are extraordinary people and people who always consider comfort in their lives. Because with debt, everyone will not be able to feel comfortable in their life at any time.

The many needs are the main factor why we cannot keep fiat permanently and intact.  Sometimes we have planned to set aside the money we have and even have a fixed nominal to save every month, but while we still hold cash, it is not stored or used as valuable items, it is likely that little by little it will be used because there is always an unexpected need

Quite a lot of people are not disciplined to the extent of holding tight to the money they have at hand, because you will definitely have needs coming that you cannot resist. Just like you said about wanting to eat at the restaurant, yea, I can be passing an eatery and just see some good-looking donuts or meat pie, and I will develop an appetite for it, and unless I buy it and eat it, my mind will always go there, and sometimes the desire to eat those snacks might even come when i have eaten something else already. Also, you could just see a nice cloth, and because you have money on you, you will feel so tempted to spend it. Quite a lot of people don't have the discipline to hold money; they will just spend it in an unplanned manner.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

I think the era of telling people to live below their means is over because even their means are dizzying enough that it could barely afford you anything, that’s unless you’re willing to live inside a cardboard box on the street with a rusty cup in one hand groveling to people for money and for food. Have you gone outside and checked the prices of common daily items like food? You’d be surprised!

At this point it’s not enough to just tell people to live below their capabilities in order to survive, if that would be the case everyone in here’s gonna be filled with gall stones from all the ramen noodles we’ll be eating. Change in the way the government handles and processes money is more important than anything since they are the very reason money is losing value anyway!

Always play things on the backfoot for best security.  Its not the policy of most but the best idea for long term financial aptitude, you play the game using the 8/10's rule.     That rule and Im sorry for lacking a source exactly but the idea is simple enough; the difference in walking besides a cliff and walking on the edge of pavement is different in that you can never cross that line by the cliff or its a large distance fall.   In this way we allocate our most important decisions with a 8/10's rule, never use all you have never aim or allow this to occur.    If you pass close to 10/10 of your money you have failed to be secure even if you clear all the bills that month, play safer.
  It is discipline but also common sense to some extent.   Expect the unexpected, large bills and poor health or any event can push your finances badly it will happen so never go near to the edge in life changing event decisions.

it's hard to avoid a sudden need and at the same time really hold a fiat, so it can be accidentally used but it really needs to be finally used. I agree with you, if you have cash or savings in a bank that can be withdrawn at any time, you can be sure that later it will be easily available and will accidentally become a necessity to be used, even though maybe the previous intention was not for that. holding fiat is very difficult to be able to avoid not being used later, apart from changing its form in any investment. but if it is changed in the form of an investment that can hold up because it is not easy to sell quickly, it is certain that it will not be used

The average spending per month is usually fixed for salaried personnel. This needs budgeting and you can perform this in a few years of obsering. Some extra spending can always happen but most of the time you can manage. Fiat is needed at hand because of daily necessities and use unless of course you live in a country where Bitcoin is very easy to transact with.

Valuable items like gold and silver or real estate are long term assets which I always encourage. Bitcoin stash can also be stored for long term. You have to diligently spend your monthly salary in order to be able to buy these assets.

Fiat is a serious economic problem, it can be said that the source of economic problems comes from fiat because countries are free to print fiat, in contrast to countries that print fiat based on gold or silver guarantees so that the trust of fiat holders never decreases.

Because human nature is never satisfied with what he has, then when he sees something he wants and has money in his hand will try to influence him to buy. When life is not well-conceived and money is not placed on productive things then money will continue to be used, moreover human nature is never satisfied and often spends money not at the stage of urgent needs, but to fulfill a lifestyle. Patterns and thoughts of life like this are very difficult to collect money/savings, so special thought is needed on how the money we have can be placed more productively.

If this condition occurs to you I have a few insights that you might be able to use, way every time you have money is to buy bitcoin or gold as a step to avoid wasting money on unnecessary purchases. When you choose to buy gold, the concept can be stored through your wife or anyone you trust and if you intend to buy bitcoin keep it in a secure wallet and never sell it before it reaches ATH.

The point is to what extent are you able to make money every day or month, expenses will be in accordance with income because when we have no income, regular expenses as daily necessities will stop and be unstable. Bad habits regarding unproductive spending due to the absence of a clear financial concept and not the right steps to control financial resources for the future.

It's all about the person who handles the money, there are some people who came from zero and make an earning with their money through their hard work and makes those to earn more until they reach financial freedom, somehow the opposite of it is the person becomes a one day millionaire that they have now a huge amount of money because of being irresponsible they spend immediately and after a couple of months they are now broke again. The other person who really knows how to handle money is even from nothing they manage to grow their money and continuously happening. At the end, it depends on the person's opportunity some people have their money but they cant make an investment due to survival needs recently we are experiencing inflation that makes the price of their money getting down. Seek for the future or suffer for your satisfaction right now.

If you hold fiat money, its value will decrease as time goes by relative to the market. the value of fiat money against the dollar has been depreciating every year. Holding Bitcoin is much riskier than fiat money because its inflation rate is much higher.  But its profit rate is also very high because Bitcoin is a high potential coin that can multiply profits very quickly and can also cause losses. So the more you want to gain, the more you have to have the ability to take loss responsibility

If you are talking about fiat as national currencies in relation to the dollar, then yes, inflation will be even higher, but now we see that the US dollar is also subject to inflation and although it seems to be a more reliable way to store savings, it is also subject to inflation .

And bitcoin has already proven to be very good at maintaining purchasing power on a long-term basis, making it a very valuable asset to both save and invest.

Right now bitcoin is very volatile, but I'm pretty sure that over time, as it gets more expensive, it will become less and less volatile, but it will also be just as good for preserving the value of our funds to keep them from inflation.

Spend what you have to and put away as much as you can is sound advice from the past that can help us all out now. However, I would want to present an alternative viewpoint: "profit more." Inflation is a sly robber that nobody hears coming. Fiat currencies depreciate over time, necessitating the pursuit of alternative means of enrichment.

Bitcoin, it seems, is the modern equivalent of the Gold Rush. Bitcoin's allure as a decentralised, finite money offers the possibility of significant long-term gains. While it does call for a certain level of technical knowledge and a willingness to take on some risk, the thrill of having a stake in the future is well worth the effort.

Sometimes the problem is not people who spend their money on unnecessary things it is simply that what they earn is not enough, so saving or trying to invest in something worthwhile becomes difficult due to the increase in prices of certain products that are essential and  not last. A person who lives in a country whose economy is unstable and also has a large family,  has the responsibility of maintaining the well-being of their children so in this case consumption would increase which it implies that it does not yield what is necessary, now imagine that they get sick having to cover the medicines, plus the consultations...how could someone save if inflation takes them to the ground???

Life is no longer as easy as before, now most work to survive, that's why I believe that people who have that small capacity to change this scenario that many live by just having for the day, should take advantage of this opportunity and start to manage their money responsibly so they can change their future.

Different strokes for different forks.

In recent times, the cost of living in my nation has doubled and half the population are often trying to feed on the other but in the real sense, it's just citizens killing themselves over and over.
It makes it hard to save. Especially when yourliving below the table, savings or investing in any sort of project or something that wouldn't fetch immediate money isn't always an option. Its always about eating and aing bills settled over and over.
It's a wheel and it goes on cycling.

Fiatbin itself poses a different impression than when we have to look at bitcoin. While one is an investment or asset, the other is just pit there looking like what to settle some expenditures with.

Well, the higher the price of goods on the market, the lower the price value of a fiat. That is why those holding fiat will increasingly lose value due to eroded inflation. But holding fiat cash is sometimes necessary for emergencies because it's easy to use. And yes, for the lower classes of society at this time they are only struggling to survive by meeting their daily basic needs. Everything they buy is essential things for survival like food for example. for the middle and upper class, maybe they can still overcome the current conditions. and they can still invest and save. because the middle and upper class usually always produce more than what they need to buy. It's just that there are also middle class people who live extravagantly and always buy things they don't really need.

I don't know but I think myself also experiencing same thing as well the worst part of it is that holding at hand for a specific purpose if that purpose weren't accomplished within the 2 to 3 days I would end up using that money for other thing that I think is more valuable than what I planned to run with the money before.
When you hold ATM card thinking you won't touched the ones stored in your account you may still found out that same money you've been something else have been used for another refer purpose at times is very annoying seeing yourself ending up doing something you didn't even place in your budget for that week/Months.

Since I firmly think that no amount of money is ever too much to spend, I may state that your spending habits are to blame. However, having wise spending habits stems from having sound financial planning. Know that tanytime  money comes into your hands and you always want to get everything you need at once you may hardly get opportunity to have saves.

One issue remains, however: if a person earns little money and always he has a lot of expenses on it head, money will hard stay on it hands.Therefore, sometimes it's not that you have money on your hands; rather, the reality is that you are not earning much.be aware that when someone doesn't earn well, they will struggle, despite their best efforts to play it smart and save some money.

Therefore, the poor do not have to worry about holding fiat and how best to do it, because they simply do not have that much fiat, since they spend everything on food and basic necessities.

Those who can save something will keep fiat, at least some part in the national currency, and some reserve in a more stable currency. And other funds will be invested somewhere, either in a business or in real estate, this has always been a good decision, as it will contribute to further income. For the rich, there will be an even greater opportunity to diversify their finances, perhaps into gold or bitcoin, as their income may allow them to do so. The more you can distribute investments in different directions, the more protected you will be.

You are right. Because people who are not financially capable they only hold fiat for a short period of time. sometimes at the end of the month they receive a certain amount of salary and a few days later the money is used up to buy all the necessities and pay some bills. So they sometimes don't have a chance to hold on for a long time. because the money they hold will be directly used for their daily needs. and the circulation of money among the lower classes sometimes runs faster than among the above. Flow in and out among the bottom so heavy. Physical Fiat is of course the most dominant used by the lower classes. because even among them there are still many who do not have smart phones that support digital payments. or even they don't have time to learn about digital money. they just focus on working every day to make money.

mindset that must be changed to be rich. no matter how much our income is, it would be better to set aside a little to invest, so that in the future it will make our life better. it's different with people whose economic capacity is below, they have little money most of them will spend it on something that is actually less needed. therefore many people from the lower economic background stagnate in that position. another thing for rich people who can't seem to let money go idle, they look for ways to develop that money, on the other hand environmental factors greatly affect their mindset

That is really a huge problem; it is like you can't control yourself because you keep spending it, but again, I am also the same with that; sometimes intended money is spent on other stuff, which I regret afterwards, but having control over your money and being able to save it for later use is best, unless you are doing some groceries but are caught short because of the price of foods, which is when you need to re-adjust your budget. It is really best not to spend your money on something intended for you, as you'll be out of budget before your salary comes.

The mindset of the rich and the poor is of course very different, even though they try to invest by setting aside a little money. Because poor people always have to set aside the money they get every day to be able to invest in the long term, whereas for those who are already rich it's easier to manage because they only use idle money by not having to set aside more of the money they earn a day -day. This is what makes the difference in terms of mindset with the same goal, namely investment.

It seems like you're facing some issues. I completely understand the lifestyle choices of certain individuals that may serve as examples for others. There are those with smaller incomes but larger expenses compared to those with higher salaries. This reality is quite evident within my surroundings, and I'm particularly suspicious of each person's behavior.

Individuals with standard incomes tend to spend more on consumptive activities. They rarely consider investments and the future. They only accumulate money when they plan for something significant.

On the other hand, wealthy individuals tend to be unable to adopt consumptive habits. Wise thinking greatly influences one's financial flow.

I always remind myself of my principle, which is, "I am the only one responsible for myself." Try to resist indulging in something that leads to extravagant spending. If you cannot track which expenditures are overly excessive, you can start recording every expense and income you make. It is better than saving without any particular reason.

Have you ever wondered how satisfied you are with spending in your life? The things you know and the things you know are balanced, for example, you want to eat well and dress well, but your low and moderate income conditions keep you from getting what you want. The spending plan I think most of us make mistakes is because greed overshadows everything, even as myself before, although I am also a person with a fairly large income, then the letting go of the fun gradually drained my finances and I kept coming back to do more things to fulfill that joy, when I realized those mistakes and reset my spending behavior, I see everything back to balance and need to have backup funds to avoid falling into awkward situations that make life difficult and deadlocked.

Managing money and developing financial habits is a process. By experiencing and learning from failures and challenges, we can gain valuable lessons and form a long-term mindset about personal finance.

Do an accurate self-assessment and determine what really matters to you. Personal values ​​and goals will help you develop sustainable thinking and action in managing your money.

It's important to make sure your personal wishes are strong and sincere. This will ensure that you stay motivated and steady in your money management process and create a better financial life in the future.

It would be worth learning about digital money and trying to study this issue properly, it can be life changing. I recently read the story of a guy from El Salvador who was just a construction worker, but one day he learned about bitcoin and became so fascinated by it that he took a cryptocurrency course and eventually became a teacher.

A great example of how bitcoin can change people's lives.

Money can allow you to make even more money, but this rule does not work for everyone. I read stories about celebrities who tried to open restaurants failed, which means that having a lot of money, not everyone can increase them, for this you also need to have certain knowledge.

I also notice that if we hold our money we can easily be tempted to go shopping or spending it in the things that is not so very important to us, maybe it is because it is in our hands, for me the solution is also in our hands if we spend the money to make a good business i am sure that it will never be lost because it will bring us back the capital and the profit if we found a good business that fit on our status specially when we are still in the beginning of a business journey.

This is the first point you need to understand and now that you have identified it, you can now start planning how to make yourself better with money. You can't keep giving yourself excuse that you are not the only one not good with spending money because it is a personal decision and not group. Train yourself on how to manage your income.


No I don't think the society contribute to high level of expenses that people incur. The economic hardship is rather making people to adjust. Spending irrational is the reason people are having bills hanging their neck.

Instill don't get it while fiat will be difficult to hold. Maybe it could be in the position of holding it for long but I am sure that the bank is always there for us to keep our money and spend it whether we want. If we are tired of holding fiat then we can use the money to buy cryptocurrency and keep it in our wallet for as long as we want. There is nothing hard converting our fiat to cryptocurrency and that can even make us to make more money.

I think it's a story that can indeed inspire anyone who is currently struggling to be able to have a better job and be able to have a better income. In El Salvador there are indeed more and more stories about the lives of its citizens who are getting better after the adoption of bitcoin. because the government there is also quite active in providing literacy related to bitcoin. residents who want to learn bitcoin, of course, have provided a special school there. And it helps the growth of bitcoin adoption among the people there improve.

And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.

And that is one way to fight the name of waste where unnecessary budget slots are removed, I think it's pretty good if applied. But what is called desire is sometimes beyond our own reasoning and sometimes unstoppable. Saying it is easy, but if you do it, it feels a bit difficult, especially if someone's type of life is already glamorous

Keep in mind that El Salvador is a country that has adopted bitcoin so it is very natural that many stories from its citizens learn about this and they try what has been needed because a country now with bitcoin has been friendly, even if there is a school on bitcoin literacy then El Salvador will be very natural this country has been specialized for its citizens to understand bitcoin because it will be used as a currency that they use every day.

If someone does not follow the development of digitalization then he will be late in his development, business now involves a lot of digital including in various fields even in the restaurant business now uses a lot of digital where they can order food that is delivered to the house or other types of transactions that are so large on the internet.

El Salvador even has programs that will allow the best students to get jobs in prestigious companies after training, but what I like most about El Salvador is that the population has the opportunity to store their savings not in fiat but in bitcoin.

This is an advantage when you know that bitcoin is officially supported by the state, and the state contributes to the education of the population, those who wish it. So although Salvadorans can also keep their savings in the US dollar, which is also pretty good at dealing with inflation, but bitcoin can give something more, it can also be a great investment.

It is true that almost all sectors have started to adopt digital systems. Included in payments and also in other services. So that people are currently required to learn and adapt to everything related to technological advances, including in the digital world. But there is something very interesting when we talk about digitization, especially in the digital payment system. i.e. nowadays we are used to storing our fiat in digital fiat form. And what I feel right now is that we are becoming more wasteful when storing our fiat in digital fiat form. Especially if we enter the online shopping platform. So now I prefer to avoid logging into online shopping platforms. because sometimes I can't hold myself back from shopping.

You are right, there are many emerging digital fiat platforms that are almost all available in online shopping stores. Because of this, we have the temptation to peek and look at the products that are sold at a low price that we think is right because only a small amount is deducted from our savings until it grows bigger, but you can also avoid spending if you want to. Just dont install the online shopping apps that you know will trick you especially on the days when they have sales.

But if you really can't avoid it, just put your fiat savings in your personal vault bank instead of putting it in your digital wallet that you know might run out. For me it is better to have fiat and digital fiat that you can use if needed.

I think this is really related to inflation, we spend more money because the value of the money itself is inflated. That being said, you can blame anyone, the society, capitalism, or anyone who contribute to the inflation that make Fiat money has less value. But it won't change anything, you are the one who has the control over the money that you owned. It is true that as a group of people and humanity, we need to find a solution for this money problem, but as an individual it is our obligation to adapt with inflation and control our spending.

Nowadays it is difficult to avoid not storing our fiat digitally in a digital fiat wallet. Because currently, I mostly do most of all my transactions through digital fiat wallets. So I always top up my digital fiat wallet regularly. Because even to pay for taxis and others I prefer to go through digital payments because it's more practical. but indeed the consequences behind this convenience and practicality do have an impact on us making it difficult to control finances. But for now I can control my finances. but only occasionally do I get out of control  ;D.

uninstalling online shopping apps is also the most difficult. because the application has also become a tool that helps make it easier for us to shop for our needs every day. yes, this is a dilemma. but what is certain is that we must have definite goals, and we must become motivated and work harder so that we can achieve these goals more quickly.

In addition to what you said money has lost its value and we all will always tend to spend more as a result of inflation, even the money you earn does no longer keep up with the expenses, something happened in my region recently about the removal of fuel subsidy, and no action has been taken and this has affected every single thing in the country, the issue of holding fiat is just one difficult one, and the poor are always exploited to make them self richer, and with money, they are in control. just like ants have been controlled once there is sugar available.

Not everyone can manage their finances, even though the income is so large but some of them have not been able to save for future assets, this is because of waste that is difficult to overcome in daily associations, so this is something that we must change slowly because frugality is something that can be done by certain people so it is very difficult to change, Then you have to find a way for your economic problems to be solved and become a successful person.

Many people may not see concern regarding El Salvador expansion of the country and the adoption of Bitcoin, I love the progress he is having with the people coperation and the adoption of Bitcoin but I have been thinking what will happen to his legacy when he no longer the acting President of El Salvador, election is fast approaching by next which will be by 2024 and some party that don't like him have become anti Bitcoin, using that strategy and games to manipulate people on how Bitcoin is been force as a legal tender instead of been voluntary; that been said.

For now, Elsavador can only contribute only little to their welfare, the investment has been a negative PNL since they resume buying in December, but they will be even when BTC return around $40k but they wouldn't have anything as profit until they wait for $50k and $60k and I don't think they have plan to sell at these minor prices. Before El Salvador will earn from their investment, it will take a lot of time.

In everyday life we always use money to buy our needs, so if our income is not stable and limited then to save is certainly very difficult, but some people who earn big are also difficult to save because they are too wasteful in spending their money, so buying bitcoin or property is a way for us to have future assets, Never save money because little by little the money will run out without us realizing it, and you have to change the current bad behavior.

Holding cash isn't a way to build wealth or even preserve it over time. Cash savings can lose value over long periods of time and money at hand difficult to hold specially when you're the type of person that loves impulsive buying, shopping, get together with friends etc. In my point of view investing on asset is much better then holding cash on hand or if you really want to hold cash in hand then you need to start tracking your expenses which helps you to control on unnecessary expenditure from your daily routine.

I agree with that, I think the root of the problem is one level above that. In the current economic climate, a lot of countries are struggling to keep their economy positive or neutral. To keep an economy afloat, you need spending. When interest rates are high, borrowing reduces thus so does spending. High inflation causes excess spending too. Pressure to spend otherwise can come with incentives to do so, marketing or advertising that causes increased spending, and thus a societal pressure to spend even when it is not wise to do so.

The problem resides within people and personal in the case of OP, though pressure from the level above would definitely be something to consider too.

Talking about money is never ending. There are just needs that come to coincide when what we have tried reaps from the work. Saving work-produced funds, for example, salary either in the bank or at home depends on each individual, for sure it will be taken and used again.

As for the statement whether to contribute, if you look at it it really contributes to the market and business people, it means that our money is born from the circulation of trade and money. try to see the velocity of money in the market during payday moments and holidays, for example at the beginning of the month and holidays.

It's okay to use such systems as long as you avoid or reduce the uses of digital fiat wallets. Because of that you are able to control it, discipline and self-restraint is a big thing in handling money whether digital or hand held money.

Online shopping apps are indeed a great help to you especially in developed countries. The only bad thing is that we are buying more and more than what we should need on a daily basis. It's okay to overdo my shopping, you know that you earn too much, but if it's enough, it's better to control it. I think it's better to make digital wallets for expenses and another one for your savings.

El Salvador's Bitcoin acceptance is risky. Your concerns should worry others. Bitcoin's volatility makes it a dangerous national currency. If things go wrong, political damage might result. If a new administration dislikes Bitcoin, this might become political.

I hate that while a "Bitcoin nation" seems revolutionary, the common citizen will have to deal with the aftermath. Who would suffer if BTC fails to meet your high goals and the economy collapses? The people? It's a terrible shot. We hope El Salvadorans know what they're going into.

When you have a problem to keep track of your finances then I would recommend you write down any expenditure you have. Just start a new excel sheet today and write down everything you buy. After one month make a summary of all the purchases and classify them into necessary and unnecessary things. This will give you a quick overview where most of your money is going and where you can cut back on things. In case you struggling to control the money in your wallet, you need to work on your constraints. There are a few ways to make it harder for you to spend too much money. First of all leave all credit cards at home and only use cash. This way you can only spend what money you in your pockets. For that you should also set a daily budget of maybe 25 USD. Like that you force yourself to save money everyday and you can't overspend. It's hard to limit our own spending, because we are surrounded by advertising. All the companies want our money and will offer us new products 24/7.

Its common fiat is difficult to hold for sure if you have money the tendency are you going to spend your money on something that you want or something that you need, I mean we are all guilty of buying what we want, also there are a lot of expenses that we need to pay so when you're onto a certain way of living you we tend to increase our way of living as well so even though we get a big amount of money or fiat money it would just end up feels like nothing because we just end up spending or and buying more if we have a lot of fiats.

Maybe it's a good strategy to avoid using cards and just use online or digital money, but if you really want to spend on something it doesnt really work for the long term. The way I solve this is just to budget your money for example on your salary you could easily divide it into something like 40% on investment saving then 20% on your expenses 10$ on your wants something like that, there was just no way to fix it the only way to do it is to discipline your self and know your limitation always remember to do not buy something that you cannot afford and always save higher than your spending.

But investment is not always profitable, it also has risks that are sometimes greater than the devaluation of the currency.  if you invest without knowledge and buy the wrong property, your money can also disappear overnight.  Everything has its risks, although holding too much fiat is not good because inflation will eat away at its value, but we will always need fiat.  our daily life would be difficult without fiat. so why not diversify your assets instead of just focusing on saving or just investing?

If we look at the development of the world of social media today there are lots of advertisements offering their products and there is also the term that you can pay on the spot when the ordered goods arrive. So, in my opinion, it is things like this that have led to an increase in shopping culture, in this case online, and in my opinion, this has become a bad habit for individuals if they continue to obey it and will become an obstacle in building finances and managing finances.

Apart from that I see the impact of inflation making the price of basic necessities continue to rise, thus making the value of the currency no longer valuable when we spend it and plus the minimum wage never rises which forces people to buy these basic necessities even though the price continues to rise and is never balanced in the market. The solution is trying to save money to spend on basic needs as needed and if you have land that can be used to plant a small portion of basic needs then you can apply it to each individual from now on.

Fiat currency will continue to depreciate and if the balance of income and expenditure is out of balance then human life will continue to be in trouble. The solution is as I have stated above and if it is possible to do it it must be done immediately, at least this solution can overcome the problem of basic needs to meet the necessities of life for our respective families.

Much demands and lack of discipline are the reasons money does not last in ones hand. It will be making you feel like you need to spend something at all time. Nothing is bad about this if money is enough as yours, it is meant for spending, but when money is scarce, you have to be prudent or you have yourself to blame.

What I do in this situation is to have a budget for the week and month and I put everything in writing when I discover that it is getting out of hand. The writing budget will expose your excesses and your wants and let you put them on the scale of preference depending on the money you can afford for the specific time.

There may be other things you will forget and those things that will be a necessity that will crept in, but the spending for the time will be more justified than not having budget and plan on your spending.

I just remembered before that most of my people in my country didn't trust online shopping because it was tagged as a scam as they received an item that was not the same in the picture but later on people kept ordering it, which is what they called online shopping addiction, where whenever they are stressed they just open the app and buy on it, meaning they can't control themselves. As you know, you can go shopping without going out. The accessibility is positive, but when it comes to controlling our urge, that is difficult.

The worst thing is to waste. Saving will never be difficult if you spend according to your income. In today's era, people want to live a more luxurious life, they buy unnecessary things without thinking about anything, which adds to their financial problems. If you have a little more income then you can spend a little more if needed, you can also save it if you want. Bad habits will be eliminated and it will be easier to save for the future. The danger is actually being financially sound. Achieving goals is easy if you learn to recognize which expenses are your ambitions and which are your necessities.

Exactly right. We must first identify which are the main needs and which are additional needs that are not too important. After knowing all that, we must have the awareness that it is important to have mature financial preparations for the future. So that we will start to get used to managing finances well. and get used to living frugal and healthy.

Indeed, it is very challenging for many individuals to mange money effectively, you are not alone who is facing this issue. There are many personnel habits and societal influences, can make it difficult to hold on to money, such as, impulsive buying, lack of budgeting and emergencies. Despite all these issues, it is never too late start improving your finances by making monthly budget, setting saving goals, creating financial plan and implementing them wholeheartedly, you can work towards a healthier financial future.

It is easy to say, but to complete the set plan, not everyone can do it. It can be said that money management is an extremely difficult thing, especially for people with family and outside relationships. I always make a spending plan at the beginning of the month, but very rarely do I execute my plan because in life there will always be surprises that we don't anticipate. I think it's easier for people who are unmarried or live alone.

When you have cash, it gets spent even if you don't want to, so many people keep a very small amount of cash to avoid unnecessary spending, but I think this is never a long-term solution. If you keep money in the bank, money is withdrawn from that bank and spent, so keeping money in the bank is not a solution for spending less money. Some of the points we must find out are where we are spending more of our cash when we have it. Identify the places where more money is being spent and then try to spend less money in those places. If you can't calculate yourself, then you will spend money from wherever you keep it, so you have to change yourself first.

It seems that there are important points that I have to apply in my future life where previously I had never made an expense plan at the beginning of the month like you said. And after I thought about it, it seems that I also need to try that to see how the difference will arise in my life because previously I prioritized financial planning at the end of the month or before entering the next month. I thought the difference and taste wouldn't be that significant, but I needed to try it out to find new things that might be a little different than what I'm used to.

Unmarried people will always find it easier to make and change their plans when they are anywhere as long as they can more easily adjust to their surroundings. But they can also run into difficulties if they still harbor feelings of grievance at others when they don't find significant results after struggling in their own way. However, for those who are married and live in someone else's environment, of course it will not be easy for them to complete and carry out the plan as they set themselves because there are obstacles such as unexpected things that sometimes need to be anticipated more quickly in their lives.

As long as we don't have a budget of funds from various sources, the money that is held will definitely be needed or spent. In my opinion, we are basically talking about urgent or not urgent needs, if as long as the income is from one source, there is no other choice but the money that you hold. Then try to evaluate your expenses that have been spent, because seeing your shopping activities include people who are wasteful, too much to buy something that can still be replaced with cheaper options, or you live in an environment of people who like to show off, not used to living with simple things. This type of lifestyle of people will always demand more of themselves than other people, not wanting to be rivaled either in defense of goods or ownership.

Economic threats in the future are getting more difficult, inflation that keeps happening doesn't seem to have the best solution, of course we have to be smart if we have a lot of money then use it to invest in products that are easy to sell like gold, silver, and crypto of course we can make an alternative investment because of the potential very high profits.

Because the transactions that we generally do are using FIAT, so it is very possible for us to spend it when the money is already in our hands because I also experienced this, especially if we are in an urban area where access to shops or areas where we can spend money is very easy to reach, so it will becomes a big obstacle for us to be able to hold fiat, sometimes listening to financial planners giving advice by making allocations and being disciplined in implementing it but it's also not easy because many things can make us end up spending the money we have withdrawn from ATMs.
Will saving it at an ATM save us from being over budget? not really because transactions can also be done online, so this is indeed a constraint, which is why to only save fiat as needed, and it looks like turning our fiat into Bitcoin will save us from spending more than we should, but this is not a suggestion, just something I'm slowly doing so as not to always spend money.

It's a bit of a dumb message, because 95%+ of the world are still transacting with fiat cash and electronic payment methods every single day. It sounds like you have a personal finance problem that you are projecting on to others, when a little bit of financial education could answer many of your questions. Taking steps like budgeting for the future and moving money into savings accounts are simple steps that the average person can take to benefit long term. We're now seeing savings rates at some banks paying 6%+ which was unthinkable a couple years ago in the era of 1% central bank interest rates. Many people are happy with fiat currency and will continue to use it for a long time simply because it is most convenient, plus backed by governments.

The economic conditions in my country are also difficult, the country owes a lot to the USA, Europe, China, Japan and so on for infrastructure costs, agriculture and others, this has made almost all subsidies removed so that it makes life's burden even heavier and more difficult, cash is also increasingly difficult to hold because almost all the necessities of life go up.

If this were applied in various parts of the world, I believe that society would no longer be the same, the lower classes would change their way of life in a favorable way, here is the importance of a futuristic government, which can see the opportunity in technology and With it, change the economic conditions of its citizens and of course that they care about making that a reality and not just stealing from the people as many do. What El Salvador is implementing is something that should be taught in schools around the world, knowing how to manage your money, how to save and invest for the future, is something that should be instilled in people from childhood in order to avoid the situation Many live with low resources, of course, sometimes it is not because they do not know how to manage their money, it is the circumstances that do not allow them, such as low income, but if these individuals are paid a considerable amount and control themselves the prices of basic necessities, everything would flow much better.

Fiat currency is hard to hold because of inflation, depreciations, and counterparty risk.

I think the reason why we spend money unnecessary is because we do not have any idea how to grow the little money we have, what to do it that will bring more money. This is the challenge most people face, they spend money on things that are not important because they do not know and have any good plan to do with money that is why money is being lavish. If the mind can be build to always know important things money can be done with it will yield more money, but if one have no idea how to invest money no matter the amount of money that have been saved it can may end up in spent on unnecessary things.

Inflation is the biggest problem that makes it difficult for anyone to hold fiat, especially the threat that the value of Fiat will continue to decline because of many factors, especially inflation, to be able to rise and survive then we must be creative and can place money in many places.

That depends on you, because if you are the type of person who spends money, fiat won't really last long, especially if the resource you get is only enough for one month that you can use for your expenses.,

But if you know how to manage fiat correctly, it is also for sure that you can hold fiat, I mean you can keep fiat either in your bank account or somewhere in the secret box moor vault. You're the only thing I can think of about what you're saying dude.

Maybe you have to try and convert your fiat money to cryptocurrency do that it won't be too easy for you to spend your money since it's not in fiat mesns that can be too easy to spend. Thingsvare very expensive these days that is why holding money does not last like before again. Before when you hold small amount like $50, you can buy so many things with it but now, things are very expensive and you will have to work for more befotr you can buy those things you used to buy with little funds. Things are not going to be easier because of government policies and inflation.

From a long-term perspective, the evident consequence is inflation. However, from a short-term viewpoint, emotions often take the reins. Each person experiences a sense of tranquility when they have abundant funds, and guiltlessly indulges in spending a little for enjoyment. Unbeknownst to them, these moments of delight accumulate into significant expenses. It is from this point that the origins of emotions influence financial conditions that are seemingly elusive to trace.

The lack of discipline when it comes to handling money is a prevalent mistake, and I myself have been prone to acting recklessly in this regard. It would be beneficial for you to gradually transform such habits. Exercising utmost restraint is crucial, even when it involves spending just a single rupee or cent on something seemingly inconsequential.

In essence, acknowledging the emotional aspect of financial decisions and cultivating self-discipline can pave the way for a secure financial future.

Overtime the situation is getting worse and not getting better with time. It is known around the world that inflation had hit hard and there is need of additional sources to meet up the daily needs and have better savings. In such situation what is happening around is the layoffs and I job cuts which will make the common man suffer much.

It all depends on the individual as well as the corporate network, because to the rising inflation there should be compensation in the salary package. When this isn't availed people look for the better opportunity to make life better with the minimum resource available. This is why it is difficult to hold fiat against cryptocurrencies.

One of the triggers for the increasing difficulty withholding fiat may indeed be the result of continuing inflation. In fact, I personally feel that inflation is actually still increasing even when the government announces that the reduction in inflation has occurred. Because what happens in the field is the price continues to gradually rise slowly and never decline again.

The amount of salary we receive remains the same but its value continues to be squeezed out by inflation. So of course the only way we can do is to work overtime or do a side job. Additional income is quite effective in balancing our needs and we become a little able to overcome the effects of inflation. But still at this time we seem to be more wasteful. Even though the needs we buy are actually still the same. It's just that currently the money we spend is indeed more than in previous years due to the increase in the price of goods that has occurred.

I've been watching videos of struggles coming from students, to professionals and the elderly. And heck, no one can really skip on this one except those that are ultra rich.

Even the middle class are feeling the effect of inflation, everywhere, there's economic problem and even the rich countries. We're totally at the survival of the fittest on this era.

At first I thought it wouldn't be that big of a deal. I mean, it's nothing out of the ordinary for prices and market to experience a rise. However, when I went out and do my monthly grocery shopping that is when I personally felt just how bad the current inflation is. Prices did not only doubled but tripled and even times four of their previous price. My monthly grocery which ensures I have more than enough food to last for a month has reduced to food for 2 weeks.

I think that every person has a certain temperament, and based on it, an attitude to money is obtained. For example, women have a rather irresponsible attitude to money, and they are often able to spend an annual salary in two days. At the same time, men can predict economic expenses for months ahead, which is why spending money is very careful and not wasteful. I think there is no difference - your money is in fiat or in the crypt. If you need to make a purchase, you will spend them regardless of what they are invested in.
In order to know perfectly well what the money is spent on, I advise you to install the application and record all your expenses there. Thanks to such a service, I found out perfectly well where my every penny goes, and I always know how much money I will spend next month.

Me either.

I thought that it shouldn't be a problem since we're all just gonna earn our money and then we'll buy those supplies. But no way, it becomes heavier as the prices of the commodities kept on increasing while it takes forever for the salaries to have an increase.

I do groceries weekly and before I can take anything that I wanna eat but sadly, it has come to being limited and even sacrifice the snacks that makes me happy to eat as I don't get those anymore.

It would be great for those who understand how to manage their expenses so that this will make it easier for them to make investments so that they can use the biggest money when they get old and can no longer do their jobs as they are now, nowadays many people can afford to work but very few can manage their spending so this will be very detrimental to themselves.

         It has become incredibly difficult to live in my country due to the fact that wages do not keep up with the level of inflationary risks. Prices in stores rise several times a year, and salary indexation occurs at most once every few years. This is such a misfortune that sometimes you want to escape from the country and never return again, because. I don't have the strength to endure this anymore.
         I decided to find a few more sources of income in order to somehow compensate for the level of inflation.

         In addition, it becomes scary that forecasts predict only worsening of the situation many times over. Devaluation risks are also very strong, which have a detrimental effect on the general standard of living of all citizens, except for the ruling class.

I agree and see these things happening with me too. Despite having various sources of income you can feel the inflation everywhere. From the bills down to grocery, you can see just how much your income cannot keep up with them. Moreover, aside from inflation, the state of the country in terms of weather and environment is not helping as it drives you to spend your money towards safety needs.

Exactly. Both contribute to how we spend easily our fiat on hand. But mostly, I also believe that the issue is more on ourselves. If we keep living luxury lifestyle, and easily conform to the trends these days, then expect that we will never hold our fiat for long. That’s why even a lot of us are receiving good compensation, still we end up being insolvent and continue to complain financial instability. Also, by not being serious on our financial management and spend our money like there’s no tomorrow, then we will never experience financial security because of our poor money management.

The weather is really harsh right now, even in our country, which makes the price of food expensive, and there has been a lot of flooding lately that can apprehend the cargoes of food, and sometimes the food won't reach its destination because it is already rotten. Recently, we got hit by a typhoon, and most of the price of fish went up, which again made us more short on our budget. The only thing that I can appreciate right now is that you can plant your own crop in your backyard, but I know a lot of people can't do this because they live in a city, but this really helps us a lot, especially when there are typhoons and there are no raw foods you can buy outside but only canned goods.

No matter how much you spend, just keep praying that you don't n't stop earning. Even if you invest all the money you make, there will still be a time for you need to use this cash to deal with a problem. Some people prefer to have cash on hand rather than in a bank account because having money in a bank account can still lead to excessive spending because the internet is so quick.You can shop whenever you want while at home.

You don't have to blame yourself because as we earn more money, we continue to experience more and more things. If you are spending your money on necessary things, however, I believe you have only just begun because we can never solve all of our problems at once. Instead, keep up working hard because no matter how much you try to avoid using cards or USSD, you will continue to spend money. You or society are not to blame for the issue.

In my opinion, it's specifically a bad habit...yep, you lack money management ( no offense). I sometimes blame society for how high the cost of living is, and how I have too much of my money purchasing little goods, but have you tried simplifying your expenses? Separating your actual needs from your wants, probably making a list of expenditures according to their usefulness.
Trust me the cost of living would only get to you when you're either earning less than your expenses, or you don't know how to manage money. So I'd say you focus on money management whether you have enough or you don't. It's a literal skill that pays so much.

One must always fulfill the basic needs of people. I have no complaints about the expenditure that is involved everyday life. If there is money then he has to spend the money compulsorily. But there are some things that we consider luxuries. Those things which are not much needed but need to be purchased from social point of view. If you don't do that, there will be no problem. Every society has such people. Due to which you have to spend money even if you don't want. However, a person must first adopt psychological awareness. If he insists on strict rules then he must save himself from unnecessary expenditure otherwise it is impossible to reduce his expenditure. Because there is no end to human needs.

I think everyone knows the answer but still undeniable to accept the truth. Because believe it or not, we all want to save and leave good amount in our bank account and yet, we keep on doing poor money management and still doing things that would ruin our finances. So never expect that fiat will stay in our hands for long, unless if we are also blind to see that we are spending more than we earn.

We all believe that money is one of the things we want that is very important to man with not believing of that there will be dangers in teams of civilisation not all people are used to banki. The money in hand is difficult to hold because expenses are greater than the capital at hand. First, most especially in my country Nigerian economy is not stable where by the common men are find it difficult to bear with in the country where the economic is stable they are all satisfied with their common needs and wants.

The problem does not begins with holding Fiat as a currency but what people were afraid of is the depreciation it gives over time in it value and how it got affected by inflation, there's nothing beneficial in holding down what will not appreciate over time but rather depreciate in its value, it took a while for people to have an understanding of this before bitcoin in cryptocurrency set in, many never know what they are loosing till they got realized now.

And actually nowadays with increasingly advanced sophistication it makes things more practical. Included in shopping can be via cellphone and goods come to our house. This convenience and practicality is sometimes a big obstacle for those of us who want to live frugally. Because we are even tempted to buy things that we see in online shops / online shopping applications. Holding physical fiat or holding our fiat balance in digital applications will still be the same, that is, it will not be easy to hold if we cannot hold ourselves well in spending money. This is where the importance of strict financial management and discipline. But it's not easy to start.

It seems like our money is playing a game of "hide and don't find" with us as the cost of goods keeps rising! Lol. I read about it somewhere online; was it a forum? Maybe it was a meme. In any case, inflation is a stealthy cat that eats away at our wallets even though you can't see it. You're right; it's absurd that even when they claim that inflation is declining, people immediately ask, "Where?" I continue to observe rising pricing!

You indicated that our pay would remain the same, and that is truly true. It's like attempting to play the newest video game on an outdated computer; it just doesn't work well. However, side jobs are okay, right? But, OT? That sounds like an unhealthy balance of work and recreation. But in all honesty, I don't believe that working longer hours will help. Maybe, I don't know, we should all engage with digital content more? something like an online business? I've heard that's where the cool kids these days are getting their money

the more we hold fiat, the less valuable it is, because inflation continues to increase. basically the fiat nominal that we hold will remain the same, or even decrease, but the value will certainly continue to decrease, therefore it is not wise if we invest in fiat currency, because there are no benefits, it is best to set aside fiat just for just in case there is a sudden need, and I don't think that too much to hold on to, the rest can be invested in more prospective fields

Well you are right. And the fact is that inflation never stops from year to year. The real evidence is the price of candy when we were little and now has a very different price range. But I just realized that the government is actually putting more pressure on it by saying that they are controlling inflation so that it is within normal limits rather than stopping inflation. ;D
So in the end we can't expect prices that have gone up will come back down again.

And yes, the current side job is indeed the digital era and finding a side job through social media or other digital platforms is the best. In fact, we can start selling goods that are not selling well in our area and sell them abroad who need them. like in my area Wood charcoal is not at all high value. here per sack is very cheap. but then I realized that in other countries like Korea it turns out that charcoal is sold quite expensive in small powder packs. So we really have to take advantage of opportunities like this by relying on cross-border online shopping platforms such as Amazon and so on. well young people nowadays are making more money from online jobs.

If someone has many issues to solve, he will definitely spend it, you can't get a plan in the money because you want to solve the problem, but some people don't have a plan, they don't have anyone who will advise them to do something necessary with the money, the best thing you can do is to invest your money for long term in cryptocurrency, and you will enjoy money smoothly, because spending and not having money to replace it is just westing of value. You may start trading and make money quickly. Trading is the most straightforward technique, in which you try to buy low and sell high. However, it is crucial to understand that trading is not as simple as it appears.It necessitates substantial investigation, knowledge, and patience. There is always the possibility of incurring losses in the process.

Wow! you seem to be the kind of "man with a plan" :D

I personally don't think I need to do any of that, but it definitely seems a great system for those who have difficulties managing their cash flow or want to simply have more peace of mind, financially speaking. The OP seems to be that kind of person, so I hope your post doesn't go unnoticed.

Little tip: keep using cash and avoid cards as much as you can, as a simple habit in your daily life. Better to educate yourself to reduce your spending habits rather than to give away the data of your consumer behavior to who knows who because of such a childish excuse (because you can't resist the temptation otherwise? really?).

There are two sides of this coin (topic). One is clearly inflation that kills fiat money over time so you will always need more money to spend. I can also say that world is all about making you spend your money nowadays. Everyone and everything is trying to convince you to spend your money on unnecessary things. But if you stay tough, get more responsible you can spend far less. I think we should all focus on getting value out of money we are spending.

Even if you hold money without spending it, its value will decrease day by day because the prices of goods are constantly increasing rapidly which is devaluing the value of money. If you want to keep the value of money then you need to invest your money in a proper place. But in this case too there is risk so you can't be relaxed about anything you must constantly recharge the market.  And you have to acquire the ability to always keep up with the present

In my opinion, there are five mistakes in managing money, and they are difficult to hold, especially when stored in an ATM. Sometimes money is like time, if you don't manage it properly, it will just run out.

1. Don't carry feelings.
Money is just a number that can sometimes be - or +. Do not involve feelings in managing money. Because if we are in a + position and feel happy that is dangerous and can result in us wasting money for nothing. A flat feeling really helps you in calculating finances.

2. Not planning expenses.
"Failing to plan is planning to fail"
Planning is very important. Something big had to be planned.

3. Do not separate money.
Don't lump income together. When we work and have other businesses, the income must be separated and cannot be combined.

4. Not recording expenses.
All daily expenses must be recorded. Assume that the money you have is not your money, but the company's money. So you have to record every expense that you spend. And every month the total expenses must be calculated and adjusted for the following months. And the amount of expenses must be the same.

5. Not doing an evaluation.
The purpose of the four factors above is for evaluation. We can't possibly get all of that right in the first place. Therefore we need evaluation to make everything a habit.

Money is like current as the name implies "Currency" It keeps moving from one hand to another,  and when you spend (wisely) it gives room for another one to enter. On the other hand, when there is money and price inflation together hitting the economy of a nation, it reduces the purchasing power of the money and makes you spend more, while the last one is to spend according to your income,  be able to differentiate between your needs and wants, with these you can cut unnecessary expenses and spend wisely.

Yes, from the rate at which the prices of all products are increasing day by day, we need to invest in the right place to maintain the value of our money. So that the value of our money is correct and it is better to invest thinking that there is some profit from the place where the investment is made.

In that case, if you keep money in the bank, you get 8-10% interest, on the other hand, there is a lot of risk in business.  Investing in crypto is also risky.  If you hold cash money, the value of the money decreases in this case also loss.  So it is imperative to learn risk management and have the ability to take risks. Holding cash not only reduces its value but also its unnecessary use weakens our finances. So I think investment is the only solution

Distinguishing wants and needs as you said is a good strategy in dealing with inflation, I think in dealing with a situation like this we also need to look for additional income to maintain our financial condition so that it remains stable it is better if we invest so that our financial condition remains under control and choose place that you have control over the investment.