Bitcoin Forum

I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences. Basically spending your money fast means when you get money, you end up losing it immediately to buy whatever it is you want. Spending your money slow means once you acquire your money, it takes time for you to spend it but at the end... you still spend it anyway. It made me realize that even if you save your money to spend it eventually, you are still somehow losing money. The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?

That is right, it's not about how quickly or slowly we spend our money. But to where we're spending it. Because important matters could be where it will be spent quickly. Like the bills and other obligations that we owe and have to pay. And with that, we're responsible spenders. If not and we're reckless then we're not giving importance on how we've earned that money. Although we have nothing to say about that because it is your money and you're the one who earned it. Someday, reckless spenders will realize how they need to change their spending habits.

People are different
Some people come up with a healthy decision pretty fast, while others need a few days.

Considering that out of the ~8 billion population of earth majority of them are living paycheck to paycheck (specially in this recession+inflation infested world), they kinda have to spend their money as fast as they receive it because they've already stretched their last paycheck as far as they could have.

It will depend on the situation right? If you have an emergency at hand you will end up spending money fast. Otherwise you will be going slow.

If I can save the money and spend it slowly, I would always go for that route. Skip the cab services and take the public transport and huff up some steps for the last mile to office.

But the mentality to save money should always be there.

Slow or fast, is there even a difference? You will get to spend the money either way. Just buy what you want as long as it's your money and nobody else makes sure you can afford it, so you won't regret it.

Yeah it should just reality shows, something else: Especially people without income, or money or low income say: One cannot save anything and make no effort to even try. Bank accounts often don't give enough to save, their maintenance fee is higher than the interest they pay.

There are also many people without a bank account, or they have a smartphone and don't know what a wallet is or how to use it. 

You shouldn't change the words because it affect people to interpret it!

The @OP in that thread Money is hard to get ,but easy to spend. (https://bitcointalk.org/index.php?topic=5556796.0), was mentioning "easy and hard" not "slow or fast". Easy to spend means you spend without thinking twice, it goes opposite with hard to spend, saving/investing is belong to hard to spend because you don't want to spend for unnecessary thing.

Slow or fast have no meaning, you're only waiting to spend your money.

So, you're just creating a thread which discuss the same thing, but you're mislead people if someone was created a thread about spending faster or slower.

One way to spend your money quickly is on daily needs, like paying your bills and buying groceries for your home. Do you think this money was well spent? For me, it was; my basic needs are worth every penny. There are expenses that must be incurred immediately after receiving your salary payment.

I don't think saving money to spend later is a waste of money. For example, if an item or something I need is expensive and buying it isn't urgent, I prefer to save up and buy it outright. Paying in installments accrues interest, and in that case, I believe it's a waste of money.

I am 100% agreed with your all views about current situation because currently I am living in country where 250 million peoples and mostly are living a life which are spending money fast because they are having no alternative and their lives are also not easy due to corrupt system and inflation.
Things are getting worst as flood and rains are having another disaster which are now annually agenda for these corrupt rulers those are now preparing for having their deep pockets going to be filled through funds which are coming in the name of aid life has never been easy in last few years but due to poor structure its having more problematic.
In my area many are living life they are bringing money after all day work and then have food for night so I can call this more than fast.

Yeah you are right, it is not about spending your money slow or fast is about spending it on the right things however spending your money slowly can help you think out those important things you should spend your money on but the right thing is for you to think about the things you want to spend your money on before it comes but if it comes unexpected then the right thing to do is to spend it slowly so that you won't forget the most important things you need to spend the money on because if you spend it fast you may spend it on things that is not that necessary to you and it will turn out you will regret.
So whether you are spending your money slowly or fast it all depends on how the money comes if it comes expected then you can spend it fast or slow because you have already prepared what to spend it on but if it comes unexpected then you have to spend it slowly.

Yes, I think almost everyone does both. But it depends on the situation and the individual. I mean, if we spend our hard-earned money quickly and wisely, then immediately use it for basic necessities and other expenses until the next paycheck, with careful planning, including emergency savings and future investments, I think that's fine. Even better, if we have extra money outside of our salary that we use directly for work or other sources of income, I think that's a smart strategy.
And if we can spend money slowly, if we do it right, as I mentioned, I think that's fine because everyone has different plans and strategies.
And what's wrong is spending money quickly and slowly without producing anything, instead becoming a burden and financial hardship before the next paycheck comes, because we're relying on only one source of income and can't manage it well.

It does make a lot of difference spending your money more slowly than spending it all at once, especially when you know you have no backup funds. What if you have spent all the money on buying things you've wanted, and then you end up getting into an emergency, and now you need some money for it? You will be compelled to take a loan or ask someone to lend you some money that you will return later, and I don't think that should be the case for people who have a source of income. One should know how they need to manage their finances so that they don't get into such a situation where they will need to ask others for money only because they've spent all their money hurriedly, like a 5-year-old school boy who is left inside a shop to buy whatever he wants.

Yeah, I agree that everyone has the right to do things that they like, and treat themselves with something nice when they make money, but that doesn't mean you should become totally reckless and spend all the money without thinking about the possible scenarios you can face in the near future. As humans, we are given a brain that makes us understand everything, as long as we want to.

Spend more/fast on top priority needs and things that can earn you sufficient profits. But make sure to spend when you desperately need them. This will help prevent spending at the wrong time, just incase you have the funds that you invested somewhere else, for example on something as profitable as Bitcoin. Ofcourse, your money needs to be always working for you rather than saved where it loses value or multiplies very little

And it's important to note that you are either spending money for the good of others or for yourself.
When spending for yourself there are three main categories of needs, according to their priorities, to focus on:
1. aquire, replace or fix things you lack, or your damaged or exhausted belongings, including yourself. This is typically top priority need because without them the specific issues you intend to buy them for won't be solved atall, and you may die or get health issues.
2.Spend on Preventive needs. These are basically needs that help protect you and your belongings from having issues.
  3. spend on things for self improvement and/or for improvement of your belongings in order to function better.  

There are low priority needs people spend money on that may be considered important but unnecessary, for example needs to make yourself attractive in order to attract favour to yourself, like for beautification. But these things are unnecessary if you have brilliant light or what the world calls intelligence.



In regards to solving other people needs, probably with the intention to earn rewards (reward is not necessarily monetary):

You can go for things that are high in demand but not enough in the market, or things you can always sell profitably after production, or things people desperately need and will be very thankful to you when you give them for free.
Find ways to produce them with abundant and cheap high quality materials to lower your production cost in comparison to other producers.

That makes sense about where money is spent. But what about situations where spending  isn’t a matter of choice? For example, I could be saving up for an important project, but then an unavoidable and urgent issue comes up that forces me to use all the savings at once. In that kind of unpredictable circumstance, the where will no longer be valid because value won't matter at that point but rather the focus  will be more about necessity.

Your financial circumstances playing around you the moment you receive your paycheck is what will determine if you will spend it fast or slow. It's when you lavish it that it doesn't make any sense because people who lavish their money spends it in a fast way.

The rich has the flexibility to spend money in a fast way without it affecting them that much because they have other means of income but if a poor man spends his money fast, he will be broke within a few days. Financial management matters a lot.

Because ultimately, whether we like it or not, the current economic system, especially when it comes to money, means that sooner or later we will spend it all if the situation remains in the form of fiat currency, given that the quality of value and several other factors require us to continue circulating the money we have in order to sustain our current lifestyle.

Does this mean we cannot save money? Of course, the answer is yes, but we must be aware that the concept of saving is to support our lives in the medium term, not the long term, which means that we will eventually spend our savings on our needs or simply to pamper ourselves by buying the things we have always wanted.
However, on the other hand, I agree with the statement that it is not how quickly or slowly we spend our money, but how we spend it. If the benchmark is only for the short term with an uncontrolled and wasteful lifestyle, then there will be no change in our economic condition and future. However, when we are smart in managing our money by making efforts to support our old age, such as investing or making our money flow healthier by doing good business, then we will certainly be more focused on our old age, which could be much better than those who dont do so.

What is it about spending money that makes you consider that you are "losing" it? Seems to me, money is for spending.

The act of spending money isnt losing money; you are exchanging it for something else of value.  The only question to ask is whether what you are getting is worth what you are giving up, which is the only splits hair that counts.  The whole "fast vs. slow" spending thing is just a distraction. As you said, you still spend it in the end.

This is an interesting thought but it's a simple theory, it doesn't matter if you spend your money fast or slow it's going to end the same way. No amount of money is inexhaustible, so you can either facilitate the process or slow it down. The most important thing is not whether you spend fast or slow it's putting those monies into something that would continuously provide more for you in the future

Spending money slow or fast makes no difference...what's important is what that money is being spent on...you can spend irresponsibly slowly and also at a fast pace but the bottom line is the money is still being spent on something ...This is the reason why I said that what you spend on is actually what is very crucial here...if you focus on investments more than temporary pleasures you don't have to worry about going broke

He is talking about delayed gratification? I am not sure though

---

The only purpose of the money is to spend it for our needs and just spending it fast or slow doesn't make a difference unless we are talking about huge difference between cash inflow and we use years later. In the meanwhile we can use the money to make more or keep it that inflation eats away the value so it all depends on how they handle it with the appropriate knowledge not just fast or slow.

Somtimes spending money fast might look like lack of discipline and planning while spending it slowly shows that you're disciplined. But the truth is that there is no particular pattern for spending money.

Sometimes, it's the situation at hand that determines how you spend your money and if you spend on something that adds value to yourself, like investing in businesses and other things that will benefit you, this way you are not loosing if you spend it fast because it was spent on a valuable thing that matters but if you only spend the money on pleasurable things that are just temporal then it is not adding value to you.

What is most important when it comes to spending money is what you are putting your money into because what most people don't know is that money is not ment to be kept in one place or spent slowing but you put it into something that will grow that money so it doesn't matter how fast you spend your money but what you are doing with your money.



I don't see the need for any one to be holding your money and spending it slowly because eventually it will finish so spend your money fast by putting it into an investment or set up a business that will be helpful to you

Issue of spending money fast or slow could be somehow confusing, because you can choose to actually spend the money fast just to take advantage in opportunity cost, which I don't see as a bad thing to do, while on the other aspect, spending money could mean another thing entirely, because some spend so fast and wasted everything on unnecessary spending, to spend slow, depends, but at the end, we will still spend it all, but what count is on what we spent it on.

Are you not missing something here?  Yes, one of money's purpose is to spend it for our need but I think we are missing the thing that money can give to a person.  There are option where spending money will give us more money like spending money for investment.  Thus, money cannot be spent only for our needs alone but also for replenishing and eventually growing our money so that we can have an infinite capability to spend money.


This conflicts with your first statement, but I highly agree on this one. Yes, we have the option to make money from spending money, but most people overlook this and think that money is for spending to meet their desired thing and only few thinks that money attracts money.  

Be wise in your spending and do not also be stingy to yourself.  Budgeting is the only thing that can solve this problem of fast and slow spending.

As an individual, if you notice how fast you spend your money, it should be a reason why you need to draft a weekly or monthly budget that will put your income into consideration so you can at least have some little savings from your income.

It is also not wise that you will starve yourself just to make sure you lose your income slowly. If you earn money, you should be able to take good care of yourself from your income. An adjustable budget solves all this problem for you.

You are reading it completely wrong. I just said what you are trying to say and with two different way.

If I have $1000 and I have a choice like to spend it on an iPhone today or just buy Gold with it and just keep it for the next 20 years the value of the gold will be multiplied in the mean time but if someone just kept $1000 as in their bank and in the next 20 year it will lose it's value and they can't even buy an iPhone so better they should buy it now rather than waiting for 20 years because it doesn't make sense if their idea is to keep the money in the bank account.

It's a good point you raise. It doesn't matter how long it takes a person to spend the money, but whether he or she spends it in the right way. There are many people who like saving just to gather a reasonable amount of money, but after managing to save it, they still don't spend it on necessary things.i would say that it's always better to spend money quickly and use it for someone's needs, rather than keeping it and, in the end, having someone else spend it on things that don't really matter. In fact, spending money too slowly can lead some people to use it in ways they later regret.i remember when I was in college, I had a friend whose parents used to send him money. Instead of rushing to buy food and other necessary items, he preferred to spend it slowly because he didn't want the money to run out. But in the end, he always regretted it, because he could hardly point to anything meaningful he had used the money for.

Good!!!
The interesting point that makes me think isnot exactly how long you take to spend an certain amount, but rather what you're spending it on. Sometimes something spent quickly may even see as impulsived, but if its spent on some thing valuable like an investment, knowledge, health or even a transformative experience (a well-planned trip, for example), you cant say it was a bad expense, right?

And similarly, even if you can spend money slowly, it may even seem like you're doing it on a controlled manner, but if in the end we only spend it on unimportant things... it won't have been worth it.

You are going to spend anyway, so choose wisely, whether its fast or slow... I just think that anything spent on health, spiritual learning, intellectual learning or well planned trips... is an investment in quality of life, and its also an accumulation of wealth!

Is there such a distinction though? And it could be that this person has a lot of money to spend with in the first place that's why he doesn't concern whether he spend it fast or not. As for those who mike spend it slowly, the only reason I can see is that they could be working very hard to earn that money that's why they think many times before spending it.

Not everyone can lose money when spending it? What if you buy a useful item, for example a laptop that you used for many years for your business and it earn a lot of money throughout that years?

Most people earn their living from the salary they get from their jobs and buy the things they need from that money. People spend their salary as soon as they get it because people's needs never end, they always need money. Even those who have a lot of wealth often say in the society that they are in a lot of financial crisis, and many poor people also always say the same thing, so we can say that financial crisis is never fulfilled by people who have as much as they need. Even if you spend the salary you get from your job properly, it will be finished, and if you are given double the salary, you will still spend it, so we can say that people have a need for money.

Money that you get will be used for many things in your lives sooner or later. Whether if that is worth its price or not but in this matter, you need to be wise to use the money. You can spend your money fast or slow so that will depend on you, on how you are going to use it.

No one will complain or protest about how you are going to use your money. You are responsible for your money. The difference is only the time and that will not be a matter. But if your money will be used for your daily needs, that is worth it because you can survive with the money.

If you don't want to spend your money on something that's not valuable, you can save it. But if you have urgent things, you will use the money fast.

I can classify myself under the category of a fast spender and you know why. I make budget every week what I use my money for. Whenever the money comes it goes directly, into the things i budgeted. The things I want to purchase, food and electricity, savings and mecellinous. After settling all these things, anything left can be used to maintain until I get my next pay. For me, this is how things should be done, and the reason is because when you dont plan like this, you might end up holding the money and spending the money on the wrong things. It starts gradually, and then you noticed money meant to purchase something important to you have been touched.

that's actually true though, weather fast or slow money must be spent, but it depends on how the money was spent. although sometimes we spend money on things that does not worth it, but it is just important. just like having illness that makes you spend a large sum of unexpected amount. anyway it worth it since it concerns human life. after all health is wealth. but there are still things we spent money on that doesn't worth it or that are not even valuable.

Spending money is easy, and you don't need to think about how, because even teenagers have the ability to spend money after they save. This is the basis for teaching children about good financial management so they can be selective in choosing and understand how to make their money more productive. In the context of spending money that's worth it, valuable, and important, which do you think should be prioritized? I have a perspective to explain.

Something that's worth it, valuable, and important doesn't always lead to productivity because it's about needs that must be met. However, it's much more accurate to talk about productivity because we will understand that every time we spend something, it's based on essential needs and according to a planned pattern.

Is it possible for someone to spend their income on useless things? Certainly not, right? The essence of financial management isn't just about how quickly or slowly we spend money, but rather about the quality of what we buy, or the value of those expenses. By properly managing the value and quality of our spending, we can ensure that every dollar spent is truly meaningful and not wasted.

We all see things differently, so as our problems are. I learnt how to spend my money from my dad, and the formula he uses is once his salary comes, he transfer like 60% of it to my mom, to stuck up the house with different types of foods that will be enough till his next paycheck arrives, and he will save like 20% or sometimes more, 5% for utility bill and other minor bills, then 5% for transportation, then the remaining 10% as discretionary income, and to be honest we will be ok till the next paycheck comes.

It's only emergencies that will make him to temper with his saving, so why I bring this illustration is that you spend according to when the next income is coming, not in a slow or fast manner that will alter your budget and put you in a difficult state financially.
That makes him not to even temper with the profit he makes daily from the investment he made in the transport industry.
So when I became an adult and start living by myself, that is the way I spend, I spend according to my budget, anything outside it is like shooting yourself on your foot financially.

That is not what I feel spending fast and slow means, even if you might still spend all the money through the both ways but cannot justify that spending fast is the best because if a money is being giving to the person and they decided fastly spending through buying everything that comes to there way till they exhausted all is not a good fast spending but however for someone that takes it slowly based on lack of pressing need is the right way of spending because they would barely spend all the money before another would come which is an advantage for them concerning not to get dry of money.

These days, we all know that the money we earn from our jobs is easy to spend, especially if we're family people whose priority is the needs of our loved ones,
on top of the monthly bills we have to pay.

It's like all our expenses are already budgeted even before payday. That's why it's easier to spend money than to work for days or weeks just to earn the money we want
for the things we want to have, you know what I mean.

Your money will be spent on something at the end of the day anyway and the true distinction only lies in whether it is added value to your life or it is simply an expense that is lost to nothingness. I have observed that there is a tendency to regret fast spending because in most cases I spent it on things that I did not need. When I take time and think about spending I normally find myself investing it in something more practical or even saving it to do something bigger. Then perhaps it is not so fast or slow but is more about what does happen with the money.

We don't have the right to judge where or how people spend their money. It may seem a waste of money for us but for them it's something that can add value to their life not just financially.

For me, I don't care how they spend their money as long as it doesn't concern my personal life. Comparing your standard to them will just bring unhapiness if you always keep checking on them.

The important thing is you reach that point anyway. Some even only need a day to spend all their money after spending days trying to think about it carefully. It can be a day or it can be months. What matters is that you spend your money well and you won’t have any regrets.

Wise words, most people don't understand that difference between being able to afford something and having the money to buy something. If you can't buy a particular thing three times comfortably then it means that you cannot afford it, this is something that a lot of people don't understand, that's they regret after spending money on a particular thing and wish they had gone for something cheaper

In my opinion, it seems like the problem is simply how quickly or slowly money is spent, but the current global economic system ultimately leaves most people with no choice but to spend their money as soon as possible. Inflation continues to erode the value of savings, the cost of living is rising, and the opportunity for wealth accumulation is also narrowing. So the main question is no longer "when to spend money," but how to find an instrument or way to store value so that it doesn't simply disappear over time or run out quickly or take a long time to disappear.
In fact, I believe this is where Bitcoin's role becomes even more relevant. In a system that forces people to spend their money quickly due to inflation and the cost of living, I believe Bitcoin can offer a very powerful alternative: a way to store value without being quickly eroded by time. So, it's not just a matter of when to spend money, but how we can choose a place that is more resilient to loss of value. Bitcoin also offers the opportunity for today's hard work not to be automatically eroded just because the traditional economic system forces us to spend it. I agree with this @pooya87

If you're earning on a platter of gold without struggles, the possibility of spending your earnings faster will be there because you are earning without much effort. But if you are the type that passes through different life struggles before making ends meet, you would learn to cut down your expenses so that before the end of the month, you won't be in financial debt.

Spending money fast or slow, depends on how your income is because someone who struggles or is based on a monthly salary wouldn't like to spend their money fast, when bills are there to be paid now and then

I don't think it makes a lot of difference if you spend your money fast or slow, just as you have mentioned already. It just what you spend your money on that is more important. You can spend your money fast and end up spending it on the right things, while on the other hand you can spend it slow and end up spending it on irrelevant things.
Imagine someone spending his money on acquiring a property immediately he gets his money and the other person  taking thing to spend his money, but end up spending it in bars or other irrelevant things. I think we can all agree that the person that spends fast, but acquired a property did better.

You are right, the things that should matter are if we are using our money wisely and not just wasting it on useless things or in clubs, or on girls haha, as you know, money is not well spent sometimes. Spending money fast and slow has the same meaning or explanation you gave bro but I think sometimes a person can control the speed he spends his money.

Anyone can control their hands, even a person who has to pay the bills can control their hand and wait until the due date but eventually they have to give their money away to pay the bills otherwise, they have to spend more in fines. I only spend money on the things that are necessary for me, but I sometimes spend on good food and clothes because I don't consider it unnecessary, it is an important part to cherish our life. If we are making money, we have to spend it on ourselves.

Whether you spend your money quickly or slowly, it will eventually be spent. The most important factor is how wisely you spend it. Consider two scenarios: one person spends their capital on luxury items, while another invests in Bitcoin. These approaches differ significantly. The person buying luxury items might do so gradually, while the Bitcoin investor might act more quickly. Ultimately, it's not the speed of spending that matters, but the wisdom behind your financial choices.

Spending money slowly doesn't really mean one is spending wisely; you can still spend money slowly and still spend on the wrong things. Spending fast doesn't necessarily mean one is spending money carelessly or unwisely because if you have a vision for what to spend money on, the money will still go out quickly.

What is important in spending money is to make sure you are spending on valuable things. How money is spent doesn't determine whether one is a good spender.

Giving value to money is not just about how you spend it, but how money gains value through investment. Spending money on investments is the best way of using it, as this brings value in returns.

I do not think it matters how fast or slow you spend your money but rather how you spend your money.

If you buy frivilous things like Chanel bags or Lambos then your money is going to run out and all you will be left with is expensive toys that degrade and lose value over time. But if you are the type of person to make smart investments into things, people and ideas that become more valuable over time, then obviously that will be a good thing.

But the rate of how fast you spend? Does not matter.

Regardless how fast or slow you spend your money, as long as you spend it on its intended purpose, then it’s never a loss, but a productive expense. Especially if you used up all your money something in an emergency matter, it won’t be surprising that it will just vanish in an instant, but I don’t see any problem there because you spend it in a positive way, except if you spend it on just unnecessary things, those amount of money will be totally at loss.

You're right, it doesn't actually matter how fast or slow one spends his or her my money, what matters is how well you spend your money, money is actually meant to be spent but we must be cautious of how we spend our money, must has to be channeled in things that will yield profit, am not saying that we cant actually get some goodies for ourselves, I think people should have money making mindset if they actually wants to grow financially to the level they want, the example you gave is just a good one, many persons are out there making financial mistakes all in the name of investment.

Exactly. It’s not how fast or slow you spend your money, but the question is, if you spend it something on what is vital for you, or you just spend it without thoroughly thinking on where to necessarily spend. But nevertheless, as long as it’s your extra money, no need to deal with it too seriously.

However, if you spend maximum amount on something that will give you high returns in the future, it’s never a useless spent, but you are investing your hard-earned money on something that has higher potential returns, that’s actually a good decision-making that will bring you great benefits once you investment pays off.

What you spend your money on shapes your priorities. Spending money quickly or slowly doesn't make any difference. Especially if your money is fiat, I think it's better to spend it quickly because it loses value as it sits. Instead, it's better to spend it, and investing it is even better. Spending money isn't bad you're trading it for something else instead. How you spend your money is important.

It's true that even if you choose to spend your money fast or slow you will still spend it eventually but personally I think spending your money fast will only leave you stranded in the end without a penny to deal with emergencies or sort yourself out from your daily expenses, and spending slow will keep you prepared for any future emergencies and you will still have a little amount until another money arrives to still top up with the one you are spending slow. However, at the end of the day the only thing that matters is how well you have spent your money. And how fulfilled you are spending your money on important things.

It depends on the situation. But based on my own experience, I always regretted spending money quickly. Especially when I spent it to make more money, I always lost. Although it varies from person to person, it's always necessary to spend money wisely and slowly..

Even though the essence of all the hustles and bustle is for the sake of spending it eventually, you don't just earn just so you can spend at anytime you feel like doing so. There's a clear need for accountability whereby you make proper planning and budgeting which saves you from impromptu spending and keeps you in check such that you spend whenever there's a need to and not just because you have the money and feels like spending it.

There are times that instead of spending, you should consider investing. If you invest wisely, you've sown a seed that caters for majority of your future expense but if you only spend as you earn, it means you're positioning yourself in a place of almost eating from hand to mouth and getting ruined when their a slow in the way the income enters.

Unless you are ruining yourself financially, it's also quite okay and normal for some people to make some bad financial decisions. Like for example, I have been in HUGE debt for a while, and will probably stay in debt too, but I took a 3 day vacation with my wife, not to anywhere expensive, to where my mom and dad lives, it's a small town, so it was fun, it wasn't like hotels or anything, we stayed with them.

But it was still a vacation, not nothing, and that is important, to reset your mind. I usually work even during my vacations, so it's great to be somewhere else than in your office when you are working. This means we are going to end up with a lot better results because our mind is doing a lot better that way.

Basically this comparison is meaningless. Doesn't matter if you wanna spend your money fast or slow. At the end of the month your bank account will only have zero left.
It's better if you spend money fast on productive investment, then your money will also grow fast. Had anyone invested in bitcoin back then, their money would've multiplied.

Such thing only matter where what you're doing is time constrained.

Spending money fast with the hope that you will get another can be a sign of irresponsible, now don't come with the nonsense that some have big amount of money, a spoilt brat is a spoilt brat, even if you give them millions they will squander it.

Imagine you spend all your money now and something else came up the next day, you will have no choice than to borrow some money from friends to sustain yourself, it's best to always have some money aside, I choose the slow spending because it makes sense than fast spending.

It matters, please stop saying it doesn't matter like some comments on here are saying, if you are given 100 as pocket money for a month, are you saying it makes no difference if you spend it all in a week? You will be devastated in a week after, slow spending means you can manage the money for good for weeks.

Life is very tough, especially if you don't have any heritage. I was thinking yesterday about the fact that with my income, I probably in the 5% of the local population, which means that among 100 people standing, I'm in the top 5 but even my salary isn't much and I can't stop thinking about how to increase my revenue. At the same time I think that life isn't very hard, there are many possibilities. You can't achieve success if you work for someone else but if you manage to break and create your own business, then life becomes much easier because you pay low salaries to your employees while you get all the profit. It's like, being a slave is bad but if you manage to become king, then having slaves is very good.

This is the reason many salary earners end up spending their monthly payments and dwell into debt before the next month, because they think the best way to spend money is to spend it slowly and cut their expenses. Not to buy necessary things or even valuable things, they will just keep spending it either on food or something else. This is different in the other class, as anytime they have money that they want to spend, they buy luxury with value. For instance, watches, jewelry and other valuables. This will make them look good and ahead of others in the room, and also, whenever they want to sell them, they will have their money back with a lot of profit.

If I could understand you absolutely correctly, then I will say that money is spent in any case - quickly or slowly, if certain expenses exceed earnings for the month.
Now I will explain my idea: for example, someone can earn a lot (without knowing that he spends a lot), then he will put aside some money and think that he will be able to save it. But if this person does not keep track of expenses and income, then he does not know that in any case by the end of the month he will take this saved money, and will spend it anyway, so there is no point in thinking that he will be able to save it.

It's well spent when you focus on buying the things that you need for survival but some people still buy too many things they can do without which turns out to be a waste of resources. Every item thats purchased must be something that you cannot do without, if something is not really that important and you buy it just because you have more then enough or for temporary satisfaction then it's a misuse of money

It just boils down to the fact that whether you spend your money fast or slow, that won’t be an issue, the real issue only occurs when you spend your money on useless things that won’t be able to provide you good returns in the future. This is why we need to be careful with our expenses and track them as much as possible so that we will know where is our money going.

However, this isn’t about how often you spend your hard-earned money, but where your money is being spent to because that would only tell if you have manage your finances well or not as it could be proven with its future outcome.

You are absolutely right. Spending the money on valuable things that will be beneficial to your life is actually important. People are of different kinds in the world, the ones that will spend their money immediately they earn or have it, and the ones that will be spending it slowly, and the ones that will wish to keep it till eternity without spending it, but our current economics situation is not going to permit them for doing that, because you will definitely need one thing or the order from materialistic things. So the important thing to do is for you to think and figure out how or the best way to spend your money in an appropriate way, that will not land you in regrets. You can use the money to buy land and build an apartment for rent, or betters till set up a business or Invest in any other things that will be beneficial and profitable to you. From this will be able to earn more money and continue to buy more valuable things.

The best way to escape that is to make a good investment and Bitcoin really nails it. You do not lose money slowly, you lose it very slowly, which means that at least a few years have to pass. If you check the charts of Bitcoin, you'll clearly see that it's the exact opposite, Bitcoin slowly grows in value and it's growth rate is much higher than the inflation of the money that you have in your pocket. So, if you want to save your money long-term, investing it into Bitcoin is the best idea. It's very stupid to spend your money quickly because you'll most likely buy things or services that you don't need and it's worse than an inflation.

Whenever you spend money either slow or fast, it all depends on the scale of preference that had been written down on your notepad, these scales are the food, clothing and shelter that must be met before anything else, if you spend very fast on foodstuffs to be stock in your kitchen while nothing is left in your balance, that's a perfect spending, meaning, before another payday, you won't be hungry but stay fit, healthy and that's a pretty good decision.

An indication of financial discipline is not being in a hurry to spend money as quickly as it comes to you. The chances of you spending recklessly when you spend money very quickly is higher compared to being more calm or slow in spending which gives you enough time to be calculative and manage expenses better.

When you receive or earn a huge amount, taking some time off before expenses can be a good action. It gives you time to prioritize needs from wants.

I spend money so fast, it goes before it even arrives lol. I spend money with my credit card, before I get my salary, and then when my salary arrives, I spend that salary on paying back my card. Most of the time these past year or so, I haven't even be bale to pay all of my debt.

But I am sure in a few months everything will be better, I am expecting a big one time payment, and when that happens, I will pay of all my debt. Then the rest is all up to me, not sure what's going to happen with it. I still believe that spending fast is great when you live in a nation with high inflation, because if you do not buy it now, then later it becomes more expensive, so either you buy something quickly, or you just don't buy that.

I think all of this doesn't really matter whether you spend your money slow or fast, what really matter is the ability for you to spend your money wisely basically on things that matters most cause that not withstanding that money would be spent. And another thing is being able to discipline yourself financially cause most times you tend to spend the money on reasonable things but once the money comes it's been diverted to something else.

That's the importance of money management in life. Nowadays, many young people are extravagant when it comes to finances. They tend to prioritize a luxurious lifestyle, but their actual financial situation is inadequate. Some of them take the risk of borrowing money just to satisfy their desire for style. Ultimately, because they don't have a stable income, they end up in debt.
A person might become aware by being able to control themselves when spending money. Personally, when I'm about to buy something, I sometimes count from one to one hundred, considering whether the item I'm about to buy is important or not. Because I don't want my money to be wasted in vain.

When it comes to money, what's more important than spending wisely is a higher income. Because when our income increases beyond our normal limits, we can naturally find wise ways to use our money ourselves through various methods, one of which is what you mentioned. Because when it comes to the speed or slowness of our desired growth, it still depends heavily on our level of hard work and intelligence in generating money using the knowledge we already possess. So, wise use of money must also be accompanied by a wiser income level so that growth in our lives can be faster and better.

Financial control starts with the little things. It doesn't mean that even if our income isn't that large, we can't control our finances. I don't think so. In fact, when our income is low, we need to be diligent in managing our finances to maintain stability. Although what you say is certainly true, it can be a motivation for someone to earn more money so they can meet all their needs and desires and also make it easier to stabilize their finances.
And how quickly or slowly we spend money, of course, all depends on our needs, desires, and financial resources.

Money you earn does not come to you as quickly as it is spent. Salary comes to you at the end of the week or at the end of the month. What you said about spending money quickly or spending less quickly is correct. This is the amount of money that we are thinking of spending less quickly and if we can use it for productive purposes, it will provide benefits in the medium term. Most people try to avoid unnecessary expenses because they try to keep up with their income. I may understand what you mean by your explanation. It turns out that after meeting the daily needs of the family and especially the basic needs you cannot buy anything valuable with the little amount of money that we have. I am saying this from my point of view. The example of rich people may be different because their income is high.

The most useful fact is that you earn money to spend it by buying valuable assets or less valuable assets. This is the revolving system of wealth. Wealth is never accumulated by one person, it is always changing.

If you are living paycheck to paycheck spending money slow is essential for maintaining your financial stability and saving more money.
Fast spending signals financial irresponsibility and potential future financial problems(getting into credit card debt or borrowing money from all the "payday loan" companies).
I agree that it's more important HOW you spend your money, but fast spending(emotional purchases) more often leads to mistakes and wasting money for stuff you don't need. Women are more vulnerable to such problems, because they view shopping as some kind of fun activity, which brings dopamine boosts to their brains.

When money is not enough it will eventually finish fast some folks before they received any money the  money has finished already without them receiving it yet some is due to problem. Money should be spent one of things that will bring back money or generate money in time coming so no matter how we spend it be though fast or slow it will slowly be coming back so let's invest our money instead of using them on unnecessary things.

In my opinion fast or slow it will depend on the amount of money we will gets because if people have big salaries usually they will spend money slowly that because those who have more money can managed their financial condition quite well and usually they didn't used all of their money to buy daily needs and save their money for investment or probably buy some bitcoin as future asset

But it's clearly different to the people will low salaries because usually the people like this will be very fast to spend money that because they only have ability to used their money to buy daily needs and cannot save the money for investment or buy necessary things because they have not enough money to do that but apart from that slow or fast there is no difference because eventually we will spending our money

Yes, that is true. You can spend your money instantly, but in worthy things. For an example, when someone is beginning his business, he has to invest money on it to improve the service's quality, and as consequence to maximize his returns on long term. Therefore, he can spend his money immediately on it, because he knows it's going to be useful in order to raise his income from that moment on.

At same time, we must keep in mind it's necessary to keep an emergency fund in every cases, as we never know when we are going to need to pay an extraordinary bill.

I don't think there is any logic that if you spend money fast you will get more money, the only exception is that if you spend money on others (to help them) then you may be rewarded with more money (by god) and it is a spiritual and religious belief in some religions. Other than that if you spend more money than you actually require to spend, you will end up becoming poorer more quickly.

It is important that you spend what is required to be spend and you're good to go. Helping friends and family is a good thing but spending extra on yourself is just wasting your hard-earned money.

I think the formula of slow and fast spending money is not authentic. The spending of money should be clearly based on the needs and the demands because it is very easy to spend money fast because buying unnecessary things will end up in the face of end money and this is not good at any cost. If you spend money slow then maybe there will be your needs but you can't fulfill them in the scenario of spending money slow. In this case your money is worthless if you are not spending it on the time of need. the formula of spending money should be purely based on the need and the demand of the time. Because we earn money to spend it to make our lives better and more worthy of living but not for this to spend on slow and fast speed ignoring our basic needs.

I don't think it matters whether it's fast or slow. What’s most important is setting priorities for how to spend the money we receive wisely and according to our needs.

Many people, when they receive their paycheck, immediately buy whatever they want instead of fulfilling their top priorities. This leads them into a repetitive cycle of consumption, where each month their salary is spent with nothing left to save or allocate to more important things. Ultimately, when they need to pay bills or face an emergency, they don’t have the funds and end up going into debt just to cover their responsibilities.

Setting priorities is important to avoid problems like this, because from this, a better financial condition can be formed and a person can be better prepared to face various situations, both those that have been planned and those that come suddenly.

Nowadays people no longer keep money for a long period of time, like op mentioned slow or fast doesn’t really matter rather where you spend your money determine your financial intelligence. If a person should wait for some time before spending their money probably they need time to plan their budget but, the surprising thing I observed about keeping money for a long time without investing sometimes they end up doing nothing valuable with the money. All what a person needs to know is spend wisely, this is obvious spending lavishly is a wrong idea but totally different from spending fast. People also mistake fast from lavish spending although is quite understandable especially in our society today when everyone is advised to spend carefully.

Spending money quickly makes us make mistakes. Spending money slowly gives us more opportunity to understand our true immediate needs.
So I will always spend my money slowly, in case something unexpected happens, to have some savings.
I agree with many here: it doesn’t matter if it’s fast or slow, but rather about the need and whether it’s worth it.

There we have no control as when we get the paycheck we have to spend it on our liabilities that we need to fulfill. However it is the question specifically for those who earn more than their spendings.

In that case, one should not spend the money without any need or in other words waste the money. You never know what happens to your source of income in future so it's better to keep some extra money save and do not spend unnecessarily.

Spending is not actually the problems but the results which you get while spending it is what matters mostly, there are people who spends their money roughly and wrongly at the ends they still ends up having nothing and starts begging around, there are people who spent their money quickly but on a productive things and something really worth it and they got their results so quickly than those who spent their money on things that are not worth it. Yes, I understand that it is important to save money, while spending at least to foot out the emergency bills at hands than spending all entirely.

We must first see where the money we spend is, if it is for basic needs for certain reasons I think there is nothing wrong but if it is spent on things that are not useful or just to fulfill personal desires I think that is a very wrong decision because in our lives desires will continue to arise after we realize the previous desires so that we will spend other money on things that are not important so the matter of slow or fast I think is not a problem but the problem is in the interests and also the right advice in managing our finances.

I try to be a slow spender not just to delay spending but to give myself time to weigh the why. If I rush I usually end up regretting small impulse buys that don’t add much to my life. But when I take it slow even if the money eventually goes I feel better knowing it went to something I actually value whether that’s an experience, an investment or just a necessity. I like to think of it as trading it for the things that matter most to me.

If you are going to spend it then it doesn't matter right?

Saving and investing take time which I mean like years so if you can wait for like 5 years to buy something then you are great and have the potential to reach better financial position but how many people can have such mindset in this fast paced world, they won't even go to shops or restaurants anymore they just order and get the product or service in minutes.

When people are young they are quite susceptible to getting caught up in peer pressure and advertising hype, it's why Apple can sell new phones to consumers every year for thousands of dollars. It usually takes people a few years of wisdom to realize what they truly find worthwhile in life. It's fine if you love cars and buy your favorite sports car brand new, as long as you get joy from that it is worth the price, but don't be unnecessarily materialistic. I've found the best things in life are experiences and travel which can really broaden your mind with a different kind of wealth. The best thing is to learn how to avoid being moved with the crowd, even though deep down you know you don't need half the crap being sold out there. Once you learn that and being careful with your money, it gets easy to generate more.

I've grown older and many times I've spent to something unvaluable and just didn't have a value at all. I thought that it's fine but little expenses when it's added on top of the other, it becomes bigger. That's why I am no longer a usual spender and I make sure that I am putting my money best on the things that are important and, needed. We don't have unlimited money to spend for and we're working hard for the money we earn. And even with our assets and Bitcoin holdings, we need to be wiser if ever we start to think of something that we want to purchase soon.

What matters is what you were able to solve with that amount of money that matters. The way money comes and goes from your pocket really depend on the type of problem you have. If the problem is the one that comes every week, then expect it to be spend every weekend and if it's the one that is going to be spend daily, expect to spend that money every day, you don't have any way around it unless you decide to skip and not spend the money again.

This doesn't matter, spending isn't what we should be discussing. It's now we generate money we should be discussin, it's the only place where money time matters. If you are earing that very fast, yoynare expected to make more money than another person that earn weekly. Another thing we can also consider is the amount that you are making, this can also be consider in spending, the amount is very important, some people can make what another person can make in a month in less than a week, this is how good some people are financially.

Spending slow or fast depends on the money I have. If I have enough, I won't mind spending it quickly, knowing I'll still have more left. However, if I only have a little, I'll need to plan carefully and spend it slowly, unless an emergency arises, because it's only emergencies that can make me spend my money fast. I know there are things I might need to get quickly, but I don't think they're so important that I'd have to spend everything fast. Life can be tough without money, but I'd rather budget wisely.
For me, slow spending makes more sense, especially when you're on a tight budget. Fast spending can be risky if you don't have enough money set aside, because it can limit your ability to save and achieve long-term financial goals.

If money is spent on knowledge that can help us earn more money in the future, then that's worthwhile and even a better option. But spending money solely on temporary pleasures is something that should be avoided.

So, the issue isn't whether we spend money quickly or slowly. The issue is what we spend it on. I could be misunderstanding this topic. But the bottom line is that I don't mind spending money quickly if it's an investment for the future, whether in the form of knowledge or something else. This means using money to generate more money in the future is the best option.

Well according to the topic "slow or fast" Which entails about how we spend our money. Surely spending money is either slow or fast, slow spending is just simply spending wisely and responsibly but in most cases a person may still spend slow and may still be an inresponsible spending. And in other hands a person who spent fast may appear to be an extravagant and irresponsible spender but could as well be a responsible spender but the money was only spent fast for a reasonable thing. So we can't be sure weather each of the spending pattern are being reckless or not.

I like the way you ended the post with these questions, but first, let me correct you; it is not all the money you spent that is lost, let that be clear.

Now, whether you spent it on frivolities or on something worth it, you have spent it, and it can be spent slowly or very fast, regardless, it all depends on the value you spent it on.

I can only advise people to be accountable when spending. Don't waste resources. And this spending of a thing depends on the way you earn too, your financial status. If you earn well, you might spend and not feel, but if do not earn well, whether you spend it fast or slow, you will feel it.

The essence why we make money is to spend it on things that we need as humans to keep our lives moving. Since our needs are different so it's our spending patterns going to be different. What you see as unnecessary might be a necessity for someone else. So when people talk about spending unnecessary I don't pay much attention towards it. I also believe how fast and how slow we spend our money totally depends on how much we earn, how much reserves we have, and how frequently our money comes. For someone who earns money monthly, he won't spend as fast as someone who earns money weekly or daily. Someone who earns daily will spend his money faster than someone who earns weekly.

I would say that it depends, because there are some people that has big responsibility this set of people easily spend thier money in trying to take care of thier responsibilities as the load is not always that easy for them to Carry. but thier are some people that does not have much responsibilities to take care of this set of people don't spend so easily since their responsibility is not that big compared to other people but in some cases those that doesn't have much responsibility spend faster than those with bigger responsibilities sometimes this could be as a result of not being economical or lack of management, there are some certain things that they need to overlook and still focus on the major ones yet they will still want to pay attention to it, and before they will realize what they're doing by then they must have exhaust thier money.

Yeah everyone's spending pattern can't be same since we all have different needs and that's normal however in as much as we have different needs our spending should be on things that are worth it. Sometimes, meaningful things that could fetch more money on the long run. Anyways, cause someone see something as necessary doesn't mean it is, for instance some people spend recklessly to satisfy their addiction maybe gambling, to them it's very necessary cause they seriously need to satisfy the urge of gambling but in the right sense they're not supposes to spend recklessly while gambling.

I also thought the same way: spend the money quickly or slowly, at the end it will be gone anyway. But gradually I came to see that it is not the speed. I used to spend a good laptop fast on work, and it rewarded me ten times as it made me faster and led to new possibilities. Conversely, I have saved months of money to purchase something that is in fashion and after two weeks it was gathering dust. It did not matter whether it was fast or slow, the effect did

I attempt to self-assess with a single question: Does this spending ease my life, make it healthier or more competent in 6 months? If yes, I do not delay. If no, I slow down or skip

Inflation is something we should not forget. Keeping money in the form of cash means that it is literally losing value every year. Therefore, a blind saving is not much different than blind spending

I think that’s the purpose of money, if not to save, then you’ll be spending it for sure. However, that won’t matter whether you’re going to spend and lose your money today, tomorrow or in the future. What really matters is that if you are spending your money wisely, like when you spend it as an investment tool that would definitely give you good returns hopefully in the future, or when you spend it like a one day millionaire and just spend it all into unnecessary items that are just a waste of money since it’s actually no real use in real life.

This is a capitalism mentality that is relied on creating more unnecessary needs through developped marketing mechanisms that encourage consumers to consume more and strengh the idea of that tge self identity and the social value of anybody depends on how much he consume and what he is able to buy. This phenomenon is produced by an economic system aimed at maximizing profits through increased sales, leading to an endless cycle of consumption and disposal of goods in favor of newer models.

Life isn't always as smooth as expected, as the wheel of life keeps turning. There are times when you spend some of your income on personal needs and save the rest for future needs. While this is certainly a desirable situation for most people, there are times when your savings can be wiped out in an instant due to an urgent need. Here, a policy is needed in managing financial management, the point is not how much money can be spent quickly, but the expenditure must also be on target.
Careless spending habits can lead to financial problems in the future, it is necessary to organize finances with proper placement, such as primary needs, unexpected expenses and savings to make it easier to access when you need money suddenly.

You are absolutely right that's the real truth about it because money is made for spending so in which ever way you spend your money what matters is putting them into something that would going to put food in your table in the future. However, spending fast or slow should not be the problem because this is something that we can never overcome since everything in this life involves money so is worth spending at all the time, as long as you still alive.

We all have the same basic needs. Food, water and shelter. Those are the basic needs of a human but our spending habits differ because of the difference in capabilities. A poor person will never think that he/she needs 10 different shoes but a rich person will think that he/she needs a new pair of shoes despite having 10 other ones.
If it’s not a life or death situation, it’s not supposed to be considered a necessity for me. There’s only a few things a human needs to survive and the rest are just luxuries.

Exactly, our basic needs are same but spending power would definitely differ due to our different responsibilities, some are married and have families to catter for while some are still single without much to spend on, regardless spending wisely is what matters most, sometimes you'll see someone with much  responsibilities doing better than one with less what different such folks is the ability to manage properly and also invest for the future. Also, our wants should be according to how capable with are financially we should focus on spending on the necessities and learn to invest for future purpose.

But everyone should spend money responsibly and intelligently. Married or single is not an issue here, the main thing here is the mentality, yes it is true that ultimately a married man must have a lot of responsibilities and he must earn money to run his family, but I think the difference is not only on the amount of responsibility, but how wisely one is managing money is the real issue. To achieve success in life, the sooner a person understands the real value of money, only then he can achieve better success. One should think about the future, there is no such thing as thinking about the future only after marriage, rather I think that a person who understands the basics of money from the age of 20 or earlier and gets educated for his better future, tries to earn money, avoids unnecessary expenses, and develops an investment mindset, they will definitely achieve good success in the future.

I think money investment is good technique to save money because millions of people are buying the things and these things are not valuable because they are buying useless things. People are doing different things to be rich and rich people are from most on online platforms. People are earning good and they are Investing their money on useless things. The people who are doing work on real estate, they are earning good and they are doing great in different things. Because there are many opportunities in real estate and they can invest their money on safe properties. People can earn more by getting fare from the tenants. People who are doing investment on gold , they could be in loss buy property always give you profit in a long term because that is limited on earth and people are in search of property.

You are right. Some come with a quick decision, so we can’t classify those people as people who spend so fast or lavish their money or someone who has quick stuff to deal with, so those people are not really spending lavishly, and some people still want to make their things so fast; in everything they do, they want it snappy. You can see that such a decision will spend a lot of money to get it done in that way, so you are right with what you said: people are actually different.

This is an interesting topic, and in my view, the key is not how fast you spend money, but being mindful and planning. Spending quickly is often seen as careless, but it can be justified if it goes into something valuable (not financially valuable but enabling precious experiences) or profitable. Spending slowly is not always wise either: money can be kept “forever,” and it loses value due to inflation.
Having some savings and saving up regularly makes sense, but perhaps keeping savings in fiat is unwise. Saving up for a nice family vacation or something like that is nice as well.

Well I do not like to spend my money fast. I will like to save it and only to use it when I must do it. When I get my money I will save it for something I need to buy like food, clothing, and medicine.

It is how I know I will always have food and a place to live. When I was a younger boy I did spend my money really fast. On fun things that I did not need to have but it is what we did when we were young.

Spending fast to meet up need shouldn't be considered a bad financial habit. Most persons before receiving salaries already made plans on how to supply their needs, after receiving salary the next thing is to quick use the money for what was planned for, keeping the money at hand to spend slowly might attract new budgets to the money already planned for.

It's not about how fast or slow we spend money, the main thing is for the spending to be on the right budget, all salary earner should have planned out budgets for the month, this will keep track of spending especially on the most importants things that are needed.