How to spend money determines whether you can avoid unnecessary problems

[Marcellin9]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

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[browsiek]

It is true that financial management is very important, suppressing lifestyle to reduce exploding expenses, focusing on the basic costs that we really need. Everyone should have a savings where these funds can be used when there is an emergency, but if we spend it just for a moment's pleasure it doesn't feel necessary to do it especially just to buy an expensive drink at a famous restaurant it will only be a waste of the money we collect, right? means not allowed but more to where the needs that must be prioritized. Avoiding financial problems is one way to relieve stress and reduce the burden of life.

[Aanuoluwatofunmi]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion.

How do you now get this fact established, it's either one is poor or being rich as long as you're living a satisfied life without begging or waiting on other's to decide for you, then i can say you can bare the burden of your demands accordingly as the needs arises.

Only those who are employed with steady income, some savings and spare time will find this topic useful.

what about the self employed entrepreneurs, having no fix income but making a good savings from their earnings from the business or work they do, sone can have a background experience to give to how and what led them to their presents position in life, it is believed that we all have some past events to point at which has contributed to where we are today.

I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.

The problem of how to spend money begins with the inability of individuals to different wants from needs, they waste time on unnecessary things and invest their money as well on liabilities that take away money from them, or have a high cost of maintenance without having a means that brings income for them.

[CageMabok]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

The ones who should be blamed in that case are themselves or those who have been caught up in it. Because everyone who is always self-aware does not spend a lot of money on things that are not needed as you describe, of course they will save money on expenses that are more important and will ignore things that are not important for their lives.

So regarding how to spend this money, actually everyone needs to look at the amount of their income every month and classify every important expense that they have to spend every month and stay away from things that are not important for themselves, because they can still live frugally without having to eating at a fancy bar surrounded by women who weren't his wife. So only themselves can be blamed for this because other people have no right to be blamed and linked to this kind of thing.

[noorman0]

To be honest I was a bit disappointed with the example presented, I thought it would be as extreme as some low income workers in poor countries which really have to choose one of several necessities to be disqualified. For normal people, financial complaints are the last thing they do after they evaluate their expenses several times. The gym or dating are activities that are actually easy to get disqualified from the expense list when someone realizes that their financial condition is declining instead of complaining first.

[Zlantann]

For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

Life is all about choice. People tend to spend their money on what is important to them. But I totally agree with your examples on how people spend money on what they don't necessarily need. Recently, I was guilty of this wasteful spending. I did a monthly Netflix subscription and I just watched one movie for less than three hours because I had no time to watch movies. I regretted this financial waste and will never try it again.

Many people claim that their earnings is not enough but they can afford to buy several bottles of beer for friends in a bar. They would buy shoes or clothing that they don't even need. I have a friend that bought five pair of shirts and forget that he bought anything like that. He later saw the shirts wrapped inside his wardrobe after seven months. He doesn't really need them.

If you are a low or average income earners, the only way you can save is to spend on mostly basic needs and avoid spending for fun or pleasure. Food, clothing, housing and other important expenses should be paramount. Others can be set aside until ones income has been diversified or increased.

[Plaguedeath]

they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on.

Don't need to buy a cup of coffee for seven bucks, buy a good manual coffee grinder for $100 and 2 pounds coffee beans for $50, you can drink it for 1-2 months.

Don't need to have gym membership, just workout without gym facilities e.g. push up, sit up, running, etc.

Don't need to have a dinner in an expensive restaurant, there's a lot delicious street foods you can choose.

Don't drink, it's unhealthy, expensive and addictive.

After all it depends on each person choice, my choice is the right one while majority of people will pick the left one.

[davis196]

Please don't mistake the people who are financially irresponsible with the "working poor" members of the working class. There's a definition of "working poor" in Wikipedia. You can check it out. There are people, who aren't making any irresponsible financial decisions(like buying expensive coffee, smoking, drinking alcohol, having gym memberships), but they still don't make enough money from their job to make ends meet. Who is to be blamed in that situation? The people, who are working in such low paying jobs(because they lack education and skills to get a better job) or the labor market/employers/the government? I think that everyone can be blamed for the harsh conditions of the "working poor". The workers have to educate themselves and develop better skills, the employers have to pay higher salaries and the government has to create a better environment for the businesses to grow and make more money.

[Jody.Drummer]

To be honest I was a bit disappointed with the example presented, I thought it would be as extreme as some low income workers in poor countries which really have to choose one of several necessities to be disqualified. For normal people, financial complaints are the last thing they do after they evaluate their expenses several times. The gym or dating are activities that are actually easy to get disqualified from the expense list when someone realizes that their financial condition is declining instead of complaining first.

I agree with you that the example given is something we can clearly judge without difficulty. How is it possible with their complaints about financial conditions, they are still doing that. This is no longer their complaint in my opinion, but more how it is difficult for him to let go of the lifestyle he has lived so far that has made his financial condition worse.
I also have an environment that always complains about their financial situation, but their condition is caused by themselves, I mean it's not funny when they complain about finances but they are reluctant to try to at least get a job? I understand that finding a job is very difficult now, but if we just stay quiet what can we expect? Waiting for a miracle?

[palle11]

Op what you are trying to narrate is just unnecessary spending or wasteful spending and that could come from anybody no matter where they fall in the economy. The rich do unnecessary spending likewise the poor but I think it is more unreasonable when you see the poor who is living wasteful financial live because those money could have been used for other investment that can help them run away from poverty. The poor are suppose to be the one very careful in their spending.

[Fesatmas]

Op what you are trying to narrate is just unnecessary spending or wasteful spending and that could come from anybody no matter where they fall in the economy. The rich do unnecessary spending likewise the poor but I think it is more unreasonable when you see the poor who is living wasteful financial live because those money could have been used for other investment that can help them run away from poverty. The poor are suppose to be the one very careful in their spending.

Yes, that's right, spending like that doesn't make sense when poor people do it. And it would be stupid when they actually spend like that in the midst of a very difficult economy. Rich people may not be too worried when they behave extravagantly because their main needs have been met, but still they shouldn't do it even though they can do it because they have a good economic condition.
I'm not anti-entertainment or anything else, because I also do it once with the intention of appreciation for what I do every day, but I do it for a certain period, it can be once a month or even once every 3 months.

[Wexnident]

If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

It's like the idea of paying subscription-based payments every month, e.g. Youtube premium, spotify, etc. It's cheap if you look at it at first glance yes, but it's also a really unnecessary expense for the most part. I'd only ever give out the idea of buying those type of things when you're really comfortable with the amount of money you get. People may argue that it's a sort of "enjoyment" part of your finance, but really, you'd only ever have that sort of part in your wallet if you didn't have problems with money, aka as I said, comfortable with the amount of money you get.

[lovesmayfamilis]

Don't need to buy a cup of coffee for seven bucks, buy a good manual coffee grinder for $100 and 2 pounds coffee beans for $50, you can drink it for 1-2 months.

Don't need to have gym membership, just workout without gym facilities e.g. push up, sit up, running, etc.

Don't need to have a dinner in an expensive restaurant, there's a lot delicious street foods you can choose.

Don't drink, it's unhealthy, expensive and addictive.

After all it depends on each person choice, my choice is the right one while majority of people will pick the left one.

You have correctly noticed everything, but the habits of people are very strong. For me, going to the gym will be mandatory, just because I will pay for it. Going for a morning jog on your own is always rejected by the desire to sleep longer. A cup of coffee drunk in a nearby café is also defining the coming day.
In fact, of course, you can deprive yourself of everything. But a person gets used to the good very quickly, and it is almost impossible to wean oneself from it. Therefore, allocating your finances in advance for vacations, closing loans, renting a home, and even investing will be the best choice. But the younger we are, the weaker we are at educating ourselves. But time teaches, and I think that with age, many begin to understand that some pleasures can really be deprived of themselves.

[Razmirraz]

Live within your means. I mean, managing financial management is very important. Have you ever felt regret when you mismanaged your finances?

Spend money where it is needed, not where you want it, the goal is to be able to leave some money to pay the installments at the end of the month. Savings are also very necessary, at least when you urgently need money quickly, there are already savings that you can rely on without having to borrow from other people.
This shows that you must prioritize needs over wants.

[Dickiy]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

The importance of managing finances and real needs, which we basically need, when the habits you mentioned I think are bad for your financial health, no matter how much income you get today if you do it every day, we can manage this wisely for a solution to this problem, like drinking coffee and beer once a week on a date once a month, I think it's more effective. things that are consumptive and unproductive for personal development I think we should be able to reduce them to reduce excessive spending so that we find it difficult to survive at the end of the month.

[virasisog]

Self-discipline and self-control are necessary for us to handle and manage our finances appropriately. There will be times when we will be tempted by the people around us or even by the current trend but we should be smart enough to deal with those temptations and mind saving and proper budgeting first. Prioritize your needs over your wants and always aim to save and invest to secure your future. Our desire to spend should focus on what we want to achieve and what we want to become in the coming years.

[hugeblack]

I think that the problem is related to the personality of the individual, as he gets used to a certain lifestyle, and therefore reducing this pattern or trying to change it makes him depressed, which prompts him again to either buy something expensive or try to hang out with friends and others.
The only solution to this problem is to be aware of the financial culture and then identify the important things in your life, and from them you will have a reason why you want to stop the rest of the things.

After you save money, a big question will come to you, what will you do with it, if you are not very financially aware, you will end up giving it to a broker or an uncalculated investment and then losing it.
So financial culture is the solution.

[Merit.s]

Life is about choice,when we are making some decisions, because our choices can make us a better person or destroy us. Why must people invovle themselves in an expensive lifestyle, by spending money unnecessary activities and get broke. If we can differentiate our needs from our wants,we will be able to control our spending and cut down excess expenses. Some persons love to find themselves in conducive environment,which can lead to excess spending because you are to pay for everything you do there. This is the major problem that makes people to spend carelessly forgetting it is an expensive lifestyle.

[bitzizzix]

Luckily I'm not the type of person the OP mentioned, and I'm not a coffee drinker outside, and I don't eat in restaurants either, because I find doing both at home which I find much tastier and more enjoyable and also more economical.
And according to people like the OP mentioned and beyond their capacity who shouldn't be doing it. And if you want, it's best to schedule it only a few times a month and in a location that is more accessible and less expensive.
and the people mentioned by the OP should really change their habits and do financial management in order to properly manage incoming and outgoing money, drink coffee at home which I think can be made according to taste, eat at home and bring lunch to work or eat out, and you can also walk or bike to work if it's affordable or half way and it will keep you healthy without having to go to the gym.

[ChiBitCTy]

As a long time licensed financial advisor I can attest that you are correct, people in that "middle" area do complain a lot about their finances and not having enough money for this or that but as you perfectly stated, will come in to my office holding a Starbucks drink that just cost them eight dollars.  This is a very typical issue with Americans, as I'm sure it is with all people across the globe.

When it comes to me and my job, I have to at least try and teach them, but to be honest so few every take good sound advice and just continue on living in a poor economical fashion.

[PrivacyG]

Can totally relate to your post.  OP, this is a problem for every body including the poor and the wealthy.  There is a complete lack of common sense and this is why I never get to emphasize with people who always cry out loud about not having money.  They go clubbing.  They pay for cinemas every other week.  They go to pubs about every day and drink lots of stuff.

If I added just the daily pub goings, I probably get a total sum of over a hundred Dollars per month spent on pretty much comfort and convenience.  Then they say they can barely afford food and normal living.  I think going out every single day is a luxury.  Not cooking any more and going to the restaurant or purchasing pre made food is a luxury.  Not normal living.  I get that some people truly can not live even a decent life due to so many expenses.  But these are very few cases.  Most of them are just people who poorly manage their finances.

-
Regards,
PrivacyG

[Captain Corporate]

This is how I lived most of my life so far and gave up about 5 years ago or so. It has been quite terrible because at the end of the day I didn't know what I was doing and finance was not something I knew about, it was something quite terrible for me. Which is why I believe that we shouldn't be really buying liabilities or spending money on things that doesn't improve our quality of life. I am still doing it a bit and trying to fix it, and it doesn't work all the time. But even if you make it as little as possible, still doing just "a bit" is fine, that's fun of our life, but aside from that, spend as little as possible and use the savings to grow your income.

[fuer44]

they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on.

It is a lifestyle to fulfill personal pleasure, if previously spending hundreds of dollars on things like that, then when next month you get a salary increase to thousands of dollars it will still be the same. It's like a lifestyle when the first salary is $ 50, eat whatever food at the cheapest price. Raise wages to $250, purchased food increases to mid to high end prices. When the salary goes up again to $ 1000 more, then eating at home feels dissatisfied and ends up going to restaurants every day. If the problem is lifestyle, then no amount of salary will ever be enough and problems will definitely keep coming at the end of the month.

[lienfaye]

I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.

It's not hard if you know how to manage your finances well. People who value their hard-earned money are aware of their priorities to avoid unnecessary spending.

If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ?

There's no one to blame but yourself. You're the one managing your money on where to spend it and what to prioritize. It's fine to do what can makes you happy because you deserve to reward yourself for being a hard worker. However there should be a limit and not come to a point that you're short to pay your monthly responsibilities just because you overspend.

[rat03gopoh]

As a long time licensed financial advisor I can attest that you are correct, people in that "middle" area do complain a lot about their finances and not having enough money for this or that but as you perfectly stated,

Or is the OP story identical to someone who is unable to control himself as if he has a luxurious life just to show it off on social media even though they're actually at an average economic level? If I'm not mistaken this is a new type of syndrome in the context of psychology, "flexing". In the end it will become a habit that is no longer measurable and only certain people, such as those closest to them, know the real situation that they're complaining about.

[Kakmakr]

OP, you are talking about the people in the middle income range and many of those people are living a "wannebe" lifestyle, where they stay in houses that are beyond their income and they are driving cars that are also above their living income.

Yes, it is the small jackals that are causing most of the trouble, but it is the big elephants like expensive cars and houses that are killing most of the people's budgets. (My advice : Stop competing with the Joneses and live according to your income) 

[Marcellin9]

Please don't mistake the people who are financially irresponsible with the "working poor" members of the working class. There's a definition of "working poor" in Wikipedia. You can check it out. There are people, who aren't making any irresponsible financial decisions(like buying expensive coffee, smoking, drinking alcohol, having gym memberships), but they still don't make enough money from their job to make ends meet. Who is to be blamed in that situation? The people, who are working in such low paying jobs(because they lack education and skills to get a better job) or the labor market/employers/the government? I think that everyone can be blamed for the harsh conditions of the "working poor". The workers have to educate themselves and develop better skills, the employers have to pay higher salaries and the government has to create a better environment for the businesses to grow and make more money.

Oh, I definitely did not make the mistake you were talking about. In my clarification, I already stated people with "savings and spare time" which distinguished my topic from the working poor you just mentioned. To be honest, it does not really matter how much you earn if you lack the ability to manage your finances. I thank you for bringing up this working poor topic but it has nothing to do with my thread here.

[justdimin]

If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ?

There's no one to blame but yourself. You're the one managing your money on where to spend it and what to prioritize. It's fine to do what can makes you happy because you deserve to reward yourself for being a hard worker. However there should be a limit and not come to a point that you're short to pay your monthly responsibilities just because you overspend.

That is basically the way generation Z sees it these days. They realized that they won't be able to get rich as much as their grandparents, and possibly not even as much as their parents, and they decided that it is better to just spend that money on what makes them happy, and not worry about the future and what it will happen if they face a trouble.

Because why spend 10 years being insanely unhappy by living a frugal life and save to get richer, when governments could ruin it in a single day? So it is better to have a better each day, and then let the problems handle itself when it happens, instead of being unhappy majority of their life.

[savetheFORUM]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate.

Though financial mismanagement can lead to unnecessary problems, not everyone's problems are caused by the activities that you mentioned in your post. Not all of us pay hundreds of dollars for club or gym memberships, nor do we go on dates with random girls in costly restaurants. Some of us just don't earn enough to be able to manage everything that we need to within the budget we have every month, without the unnecessary stuff.

For these kinds of people, the only problem-solving solution can be either having multiple income streams or having pay rises to cover the expenses against the increasing inflation and economic crisis that we are facing.

[jossiel]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

The situation differs from each of us, there goes those type of people that have been living just the way you've defined. But, there are also people that have barely enough for living even how hard they try, thanks to inflation and unstable economy of the country where they're living.

Those that have been living that lavish lifestyle and yet they complain later on that they have got nothing enough, they should learn how to manage their budget and stop being spendthrift.

Anyway, either of the two situations, we really need to do something like adding another source of income.

[kryptqnick]

Thankfully, I don't find financial management difficult. I have been in financially unstable situations, but I tend to get out of them without trouble because I keep a rough track of earnings and spendings, ensuring that if the money is tight, I don't spend it on unnecessary things. I do agree with the op that some don't keep a good track of their money and may spend it on unnecessary things while later not having enough for essentials. I don't support a harsh approach of self-limitations because if you have extra money, you should spend it on what makes your life happier, even if it's the little things like buying a latte, a game or going out to eat at a nice place.

[Beparanf]

I spend my salary by buying first all my personal necessities such as groceries, personal care, monthly and house appliances(if ever I needed some replacement for my broken appliance). The remaining of my salary will go to my different savings such as life savings, personal savings(money that I save if I plan to purchase something) and insurance. I don’t spend unnecessary things that I just think outside my plan budget and I always plan so that I can allocate money when I’m buying things that is not on my list.

This is how I manage my monthly salary. The only thing I spend that is not planned is for food like when I crave for a specific food but I don’t count this as unnecessary expenses because food is my favorite part of my life.

[Coyster]

The thing is, it is practically impossible to spend money and have it back, once spent, it is gone, but now it all depends on what it was spent on, and what your source of income is, in order for it to be replenished. There are people that are quite wealthy, and even if they spend as much as they want everyday all through their life, without even working, they'd never run out of money, most of the individuals under this category were born into inherited wealth, these people may not have to worry about being frugal.

Having said that, if you have to work so hard to make ends meet, and you cannot afford some certain luxury, then there is no need to go for them, well it takes wisdom to handle finances pretty well. Frugality is very much essential, it is much better to spend far lower than what you are earning, but the moment you start spending far higher than your earnings, you're bound to run into financial problems sooner rather than later.

[lizarder]

The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

Everyone has to organize his life properly because other people don't have the responsibility to do it. Likewise with financial planning that must be prepared carefully and correctly, so that financial problems do not put you in difficult conditions, spending money by buying expensive drinks and having dinner at restaurants will be a problem when income and expenses are not balanced.

Many people forget that life is not only for a few months and years, many things must be planned so that our financial capabilities will be better, but unfortunately people don't do things like this for their future. Every individual has responsibility for his finances and life, if he doesn't have a good concept of life then he has to blame himself.

[michellee]

I try to limit monthly spending by compiling a budget from my income. I feel bad about spending money if it's not for something I don't need because it means I'm using the money I previously allocated for savings. And fortunately, I don't have many installments that will reduce my income so I still have money for important purposes. I'm also not used to buying drinks in cafes or spending money just to buy trendy food because I'm not really interested in it all. Maybe I'm not one of those who follow the trend out there but that's an advantage for me because I can save more to prepare for my future and invest the money in bitcoin.

[doomloop]

This is how I lived most of my life so far and gave up about 5 years ago or so. It has been quite terrible because at the end of the day I didn't know what I was doing and finance was not something I knew about, it was something quite terrible for me. Which is why I believe that we shouldn't be really buying liabilities or spending money on things that doesn't improve our quality of life. I am still doing it a bit and trying to fix it, and it doesn't work all the time. But even if you make it as little as possible, still doing just "a bit" is fine, that's fun of our life, but aside from that, spend as little as possible and use the savings to grow your income.

I think we are going through that phase in our life where we are not responsible with finances and many other things that are important for life. When we enter practical life, where we get married and become the head of a family, that is when it hits our head that what we've been doing throughout our lives was not really the way, and now we have to manage our finances and everything.

Though it's a bit hard at the beginning, we get a hold of everything slowly as we move ahead. I've been through all of it, and I know it can be difficult but I've managed to get myself together and now I can say that I know how to manage my finances.

[DrBeer]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

One of the problems of our time is the reassessment of one's needs and "habits" that do not correspond to income. More precisely, an attempt to impersonate "more wealthy." I do not want to call myself very wealthy, but I consider myself "middle class". I have several apartments, a car, a land plot 20 km from the capital of the country where I live and other joys of life. It's not too much and not too little. But for example, I don't buy Brioni suits, I don't buy Porsche Panamera, and I don't buy Patek Philippe watches. Although I could buy it. No, I do not argue - these are quality things, but I think they do not suit me in terms of my needs, income, and the ability to maintain and pay for their possession.
Regarding coffee - a perfect example. I also love good coffee, my favorite variety is arabica irgachif, or sidamo. On the one hand, there are a lot of cafes where this type of coffee is prepared. On the other hand, I'm not ready to follow him anywhere, I want to wake up and drink a cup of aromatic coffee
No, of course, I go to the cafe - after all, this is my help to my neighbors, who made a wonderful cafe, invested their strength, money, soul, and I am pleased to support them. But I'm not ready to be the daily "slave of a cup of coffee." My coffee machine brews coffee just as well, and much cheaper
And so in everything - you can really reduce your daily, regular costs for unnecessary acquisitions. No, this does not mean that you have to drink the cheapest coffee, pouring boiling water over yesterday's brewed coffee today - this, of course, is also an extreme. But just like that, regularly paying 2-3-5 times more than you need, this is stupidity and not a reasonable attitude to your money

[South Park]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

And you are not wrong on your assessment, most people I know have fallen into this trap and waste their money in stuff they do not need.

An example of this is replacing your smartphone as soon as a new and improved version comes out, the difference between one phone and the other is not that great and yet you need to pay a premium to obtain the latest technology for no noticeable gain on performance.

Now there could be few people out there which may need a new feature for their business and which may be justified on making the change as soon as possible, but for the rest of the population the purchase of such items is based on their wants and not their needs, now if this was an isolated case I could let it go but when all their purchases follow the same pattern then you can tell those people will never achieve financial freedom.

[White pawn]

If you spend recklessly and need someone to hold your hands, You simply need to organize a scale of preference. That way, you could organize and prioritize them from the most important things you need to the least important.
Then, I also think that cause something works for a Mr A. That doesn’t mean it would also work for the next person. Although, it’s always nice to live within our means and avoid luxury goods if you can’t afford to maintain them.
I think it’s important to always be safe with the way we spend. The billions we’ve got today could fizzle out the next minute.

[Yatsan]

Problems simply arise because of your decisions especially in terms of one's financial status. If you are a minimum  wage earner and you are spending more than you can suffice, it won't be surprising to know that you would be in debt eventually. Orevention is indeed better than cure. If you would be prioritizing savings and investments at the early age, your sources of income would multiply which would help you to sustain your lifestyle and expenses, even unwanted situations. The root cause of evil is money; I disagree. But most of the problems revolve around monetary aspects. Think of the situation like a bucket of water and bottles as problem; if your bucket is full you can fill more bottles with it. The way you spend, earn, and utilize money would ofcourse reflect to the life you are currently living.

[lixer]

I spend my salary by buying first all my personal necessities such as groceries, personal care, monthly and house appliances(if ever I needed some replacement for my broken appliance). The remaining of my salary will go to my different savings such as life savings, personal savings(money that I save if I plan to purchase something) and insurance. I don’t spend unnecessary things that I just think outside my plan budget and I always plan so that I can allocate money when I’m buying things that is not on my list.

This is how I manage my monthly salary. The only thing I spend that is not planned is for food like when I crave for a specific food but I don’t count this as unnecessary expenses because food is my favorite part of my life.

You forgot to add the bills i.e water bills, electricity bills, internet bills and the like. This and then the grocery are the ones that are more important than personal care and appliances because we can still live a peaceful life without them. As long as we already have the basic and the most needed appliance like rice cooker to cook food and then gas stove then we are now good to go.

The rest can just be carried on. Insurances and savings are important but this can only come once we still have extra money from our salary. I see that you're a foodie. I think that's better than other habits like gambling or alcohol but you must still have a control, so that you won't spend more and then you won't have a health problem.

[Aanuoluwatofunmi]

There are things we don't need to spend money on but yet we direct our responsibility on them and they took away time and money, other things that needed crucial attention from us we give less time for because we are being careless not to be well observant enough from descerning things right, we may not be able to solve all the problems and challenges we encounter around us but we must have that ability to distinguish from the ones urgently needed to tackle.

[Minecache]

I spend my salary by buying first all my personal necessities such as groceries, personal care, monthly and house appliances(if ever I needed some replacement for my broken appliance). The remaining of my salary will go to my different savings such as life savings, personal savings(money that I save if I plan to purchase something) and insurance. I don’t spend unnecessary things that I just think outside my plan budget and I always plan so that I can allocate money when I’m buying things that is not on my list.

This is how I manage my monthly salary. The only thing I spend that is not planned is for food like when I crave for a specific food but I don’t count this as unnecessary expenses because food is my favorite part of my life.

You forgot to add the bills i.e water bills, electricity bills, internet bills and the like. This and then the grocery are the ones that are more important than personal care and appliances because we can still live a peaceful life without them. As long as we already have the basic and the most needed appliance like rice cooker to cook food and then gas stove then we are now good to go.

The rest can just be carried on. Insurances and savings are important but this can only come once we still have extra money from our salary. I see that you're a foodie. I think that's better than other habits like gambling or alcohol but you must still have a control, so that you won't spend more and then you won't have a health problem.

And I see you both didn't mention money to invest, I think we should add a long term investment for the future. Apart from the daily expenses and bills, I always have one to save and one to invest. In general, people like to eat delicious food, but should not waste too much money on food, especially fast food, which is harmful to our health if eaten too much. I only eat main meals and rarely snack. I prefer to save my money in order to invest.

[isaac_clarke22]

~

Well cause they spend their money that way, so they just keep doing it and regret it later on. It's not really a trap if you would look at it. Pretty sure that they're aware that they're losing money on things that are not necessarily worth spending for. 

You mentioned spending seven bucks for cup of coffee every morning? I would assume that it is a Starbucks purchase. I personally never bought anything from Starbucks since I can just blend my own coffee either around office or even at home. It is sometimes just social status that people wanted to show off that they're rich and people should be jealous of them. Those other scenarios you mentioned pretty much sums up what I usually see in celebrities or some of my friends in social media that just wanted to gain attention and yeah, I do not care.

It's their money, OP. Surely after they go broke, they would learn their lesson.

[Jody.Drummer]

I spend my salary by buying first all my personal necessities such as groceries, personal care, monthly and house appliances(if ever I needed some replacement for my broken appliance). The remaining of my salary will go to my different savings such as life savings, personal savings(money that I save if I plan to purchase something) and insurance. I don’t spend unnecessary things that I just think outside my plan budget and I always plan so that I can allocate money when I’m buying things that is not on my list.

This is how I manage my monthly salary. The only thing I spend that is not planned is for food like when I crave for a specific food but I don’t count this as unnecessary expenses because food is my favorite part of my life.

You forgot to add the bills i.e water bills, electricity bills, internet bills and the like. This and then the grocery are the ones that are more important than personal care and appliances because we can still live a peaceful life without them. As long as we already have the basic and the most needed appliance like rice cooker to cook food and then gas stove then we are now good to go.

The rest can just be carried on. Insurances and savings are important but this can only come once we still have extra money from our salary. I see that you're a foodie. I think that's better than other habits like gambling or alcohol but you must still have a control, so that you won't spend more and then you won't have a health problem.

It's actually very easy to see an estimate of how much we spend per month. Yes, I mean every month, we definitely know what we have to buy for our daily needs, what bills we have to pay. Maybe there will be a difference due to the increase in some basic commodities, but it will not make a very significant difference. From there we already have an idea of how much money we will spend to fulfill it all. Because maybe there will be one or two additional items and also there are unexpected expenses. I usually keep all receipts so I know what the difference is each month.

[bitgolden]

Problems simply arise because of your decisions especially in terms of one's financial status. If you are a minimum  wage earner and you are spending more than you can suffice, it won't be surprising to know that you would be in debt eventually. Orevention is indeed better than cure. If you would be prioritizing savings and investments at the early age, your sources of income would multiply which would help you to sustain your lifestyle and expenses, even unwanted situations. The root cause of evil is money; I disagree. But most of the problems revolve around monetary aspects. Think of the situation like a bucket of water and bottles as problem; if your bucket is full you can fill more bottles with it. The way you spend, earn, and utilize money would ofcourse reflect to the life you are currently living.

I think this is true if you are young, but at a certain age it is futile to try to invest money. For example, I still invest but I feel like I am getting close to saying that's enough, not because I am getting richer or my investment will be enough, but I do not have too many years left, I feel like I can live maybe another 20-30 years at most, and I rather spend that time having fun and living a good life instead of having a bad life and investing.

But, if you are 18 years old or so, you may have as much as 70 years in front of you, god forbid if nothing bad happens of course, in which case you can of course spend 30-40 years investing, that one would make sense.

[Fortify]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

I think age is a very important factor in this discussion for two reasons, the first one is they are often on lower wages at the youngest end as many countries stagger the minimum wage to a point. This means if you're only earning $5 an hour under 21, versus $10 an hour minimum over 25, there are vast differences in your ability or inclination to save money at that point. Second is that many younger people should be spending their money on life experiences to be honest, there is no point saving all your money up like a troll until you are two wrinkly and frail to have fun with it. People should definitely enjoy their younger years to the max even if that means spending every penny they earn in a monthly wage.

[South Park]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

I think age is a very important factor in this discussion for two reasons, the first one is they are often on lower wages at the youngest end as many countries stagger the minimum wage to a point. This means if you're only earning $5 an hour under 21, versus $10 an hour minimum over 25, there are vast differences in your ability or inclination to save money at that point. Second is that many younger people should be spending their money on life experiences to be honest, there is no point saving all your money up like a troll until you are two wrinkly and frail to have fun with it. People should definitely enjoy their younger years to the max even if that means spending every penny they earn in a monthly wage.

Something on the middle should be the goal, saving all your money and refusing to spend it when you need it is unhealthy, but not saving at all is a huge mistake, I say this because there have been studies which have been made and it is known that those that save their money early on their lives do much better than those that do not, and this is because the sooner you begin to save the sooner you can begin to invest and make money without lifting a finger.

[Fivestar4everMVP]

Someone who does all of those things mentioned in the OP should already be rich, cus based on how i understand things to be, and maybe personal experience too, a poor man, or should I say, an average person in terms of finance, hardly would have the time or resources to go or register for a gym class, someone who hasn't had enough to eat and feed his or her family shouldn't be found eating out in an expensive hotel or spending so much on drinks.

One thing I can say right now is that, it pays to hustle and work hard while we are young, because a time is coming when we are not going to be as strong as we are when we are young, let's minimize spending while maximizing income, this is one of the tricks to become financially comfortable even as youngsters.

[isaac_clarke22]

~

Yeah there could be some people still spending like hell like OP describes. It's their money in the end and it's their responsibility if they would choose to just lose it all before the time of need and urgency for money comes.
For the sake of my mental health and peace of mind like I mentioned previously here in the thread, I would just keep something at least. I might not be able to keep it all when the time of uncertainty happens, but hell at least I would somehow perish in "peace".

I would not even considering doing a loan just for the sake of spending on my wants.

[Hamphser]

~

Yeah there could be some people still spending like hell like OP describes. It's their money in the end and it's their responsibility if they would choose to just lose it all before the time of need and urgency for money comes.
For the sake of my mental health and peace of mind like I mentioned previously here in the thread, I would just keep something at least. I might not be able to keep it all when the time of uncertainty happens, but hell at least I would somehow perish in "peace".

I would not even considering doing a loan just for the sake of spending on my wants.

Regrets do always come at the end on which it is true that its their money and its their full rights on what they should gonna do with it.Being sensible when it comes to your actions then it would really be putting

you into a situation which you would really be making yourself avoid on possible problems in the future because of unwise spending.If you do have various income sources then spending a ton wont really be that

a problem but of course it would really be that important that you should really know about having those limits because we know that there's no such thing about unlimited funds.This is why it is
really that good if you do spend up on something which is really that important and dont spend that much when it comes to wants and overall it would really be on yours decision.

[Oceat]

You didn't explain/say anything on how to spend money here but instead you blame them for being irresponsible.

Anyway, if OP can't tell you what you have to do if you are living a lavish lifestyle despite of how much you are earning or let's just say your salary isn't enough to keep up your weekly/monthly expenses, you should cut-off some of these lifestyle and wasting money on an overprice things that you don't actually want.

Be practical and spend your money wisely, it's okay to try those expensive drinks if you want to try them for the first time but don't make it as a lifestyle. You can do it later only if you are earning more than what you need or let's just say you are having too much extra money even after all of those luxurious lifestyle you did.

[tabas]

I know someone that's definitely be guilty with all of those things mentioned. Keeps on complaining how tough life is but when its come to budgeting, you'll see him go first with those things that he don't really need. Buying expensive stuff to showoff the others on what type of person he is and trying to impress them as if he's a wealthy guy. But in real life, he's broke and it will be easily understood if he's cash broke but no, he's totally broke. No assets, no savings but then every payday spends to expensive coffees and dine outs. It's not necessary at all and I'm only thinking that he's treating himself but IMHO, that's just too much when you're always complaining how tough life is.

[coupable]

I do not believe that it is possible to achieve a living balance without developing a clear strategy and financial plan to control expenses in balance with resources. This applies to the richest, but does not include the very poor either.
Financial planning is critical to anyone's success because it complements the overall living plan and ensures that set goals are achievable.
Financial planning mainly includes strategies and policies that will eventually lead to achieving complete self-sufficiency and avoiding as many difficulties as possible, which will lead to an increase in your money in the future. However, for many people and even business owners, the financial plan may not be that important to them, and they often find themselves in endless financial hardships.

[KennyR]

What OP have mentioned about the unwanted expenses is really a disaster to the savings that could help on our emergency needs or for some investment need. By the time it can also be taken as care, responsibility and different other terms. If a parent have got kids and they ask for something one day, we'll say will buy it tomorrow. The same happens for a month, what will the child think. Such expenses are like responsibility spending and not an unwanted thing. So, it depends on how we see the spending than the purpose on which it is spent.

[Iranus]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

I think age is a very important factor in this discussion for two reasons, the first one is they are often on lower wages at the youngest end as many countries stagger the minimum wage to a point. This means if you're only earning $5 an hour under 21, versus $10 an hour minimum over 25, there are vast differences in your ability or inclination to save money at that point. Second is that many younger people should be spending their money on life experiences to be honest, there is no point saving all your money up like a troll until you are two wrinkly and frail to have fun with it. People should definitely enjoy their younger years to the max even if that means spending every penny they earn in a monthly wage.

Something on the middle should be the goal, saving all your money and refusing to spend it when you need it is unhealthy, but not saving at all is a huge mistake, I say this because there have been studies which have been made and it is known that those that save their money early on their lives do much better than those that do not, and this is because the sooner you begin to save the sooner you can begin to invest and make money without lifting a finger.

Saving is necessary, but if we only know how to save without any life experience when we are young, we will regret it even more. If we only knowing how to save will not make us richer after getting older and excessive saving will make your thinking obsolete. Youths should spend money to experience and will find many life-changing opportunities, when you spend more money, you will find ways to make more money. That doesn't mean you don't need to save, I mean, save enough, don't be too stingy with yourself.
Saving is necessary, but if we only know how to save without any life experience when we are young, we will regret it even more.

[AnonBitCoiner]

For living a good life one should manage the uses of daily life through amount of money which is affordable. If we want a prosperous life then we should avoid all those things which are not important for us and are not a necessary part of life like that which you mentioned.

One other thing to save money is that if a person cannot afford to save more money then at least 5 percent of income should be saved properly so in this way he will have no burden to manage the system of home and if he want some other business or any other thing so this save amount can be used for further development.

Money comes hardly but it spends very easily so we should all ignore those things which we think that are not vital for life and for the prosperous life we should change our lifestyle so we will not act like the others do. Always prefer your own lifestyle and do not copy others.

[Cling18]

Spending money is the easiest thing to do but doing it efficiently and wisely is very challenging. There are lots of temptations nowadays from our working environment to everything that we see online. Sales are everywhere and they are hard to resist. I think we need complete discipline to do wise budgeting and we can accomplish it by having a smart lifestyle. Allocating funds for our bills, expenses, and savings should be put on too first before buying our ones. We have to control our urge to buy our wants and avoid anything that will tempt us to spend too much.

[Findingnemo]

What you stated is about the mind set of typical working class person who wants to express themselves as more rich than what they are and this is also happening due to their work style inflation which means even if their salary is appreciation they keep adding unnecessary expenses to match the life style of others and ofcourse thats how many people are living and who wants to get rich then they have to be an exception and start saving then make the money work for us there is no other way than realizing this and start making changes.

[Bestdss]

First thing people should know is that " it is easier to make money than to save money". A lot of people aren't prudent with spending especially the male folks. Saving is a pattern, culture and way of life and if you don't have the saving culture inculcated in you can't save. Yes, most people will say what they earn is not enough to be able to save, but believe that if you were making $100 monthly and couldn't save $1 out of it monthly, if you make $1k monthly, you would still not save because issues to be solved will still be around.
What I do is, every month I take pen and paper and write what I need to solve or buy for the month, write down what to be saved no matter how small and keep to the plan, you don't allow ur emotions change ur list. Keep to it and see ur self saving little money at the end of the month.

[isaac_clarke22]

~

There is regret, but there is at least a lesson that you could takeaway from that. I can still recall back in the days when I was just upgrading my PC for plainly "aesthetic purposes" while it is still being able to do its job. I believe I had mentioned loans not being used for wants and yeah I did not use loans at all just for my PC since they are kinda painful to be paid back.

You still need your "wants" in order to have a satisfying life and for your mental health as well.

[uchegod-21]

So many people who complain always for unavailability of money, it does not necessarily mean that they don't earn money. But their inability to curtail their expenses is one big reason that they are always in short of money.
For example, if you are a sports person, subscribe to the table TV that shows sports and news only. Chose an internet provide that isn't too data expensive.
You must not change wardrobe everything.
Try to buy food in bulks to save retail cost.
Manage your debit card usage and you may never run into financial crisis again.

[Smartvirus]

No fault of yours @OP for sure, lol!
Although, I don't see how the extremely rich doesn't fit in this discussion. There is always a grading or quantifying of what a person might need or want, be him reach or poor. Certain status comes with certain demands to meet up and that could as well choke your income. Like, its not uncommon for tich forks to have there children on some payroll  and these guys have got a losy of needs or wants of there own that needs satisfying as well.

I take it that, there is absolutely nothing wrong in enjoying some of your earnings. That's what you work for to be clear, to accord yourself and family the stable life that yiu desire but in doing that, you need not reach your breaking limit to realise there is a limit. While you spend, you do your best to invest where you could as well get some back.

[Uruhara]

What the OP is talking about is someone who spends more money on fun or things that are not really needed. And of course this type of person is the type of person who is called a waste.

people who often commit extravagance are those who are not good at managing finances and those who tend to prioritize wants over needs. And. of course everyone who has mature and logical thinking will not do this without needing to be reminded by someone.

because if we think logically (common sense) then of course we will know how to spend our money to be more effective. Recognizing which types of needs and which types of desires are actually not needed is a basic thought that we must have.

[Dr.Bitcoin_Strange]

How to spend money determines whether you can avoid unnecessary problems

Well, OP, the spending habits of individuals are influenced by some factors, which are lack of financial management, showing off, country of residency, and price of things. but definitely sometimes one must encounter some problems, no matter how good they are at financial management. Anyway, I still find it difficult to understand the sort of problem you are referring to, but if it is a problem of facing financial challenges, it equally depends on how much you are earning and which country you are leaving. Just as you speak about throwing $100 worth of bills on gym centers and may not attend training, in some countries most people are not even earning up to the $100 worth of bills for civil servants, and some employees are not even rated up to $8 per day on their pay. (IMO) Also, being able to manage money is something that depends on age and past experiences. There was this friend in school who spent unnecessarily, and I would always tell him, "Guy, if you are spending like this, it will affect you in life when the money is not coming in like it is now." He said I should let him be, but after graduation, when he understood that he could not depend on his parents again but needed to work to earn money, he now manages money better than me 😆. When we go out, he hardly buys a bottle of beer for anyone because he says, "I don't have cash today.  

[Wakate]

~

There is regret, but there is at least a lesson that you could takeaway from that. I can still recall back in the days when I was just upgrading my PC for plainly "aesthetic purposes" while it is still being able to do its job. I believe I had mentioned loans not being used for wants and yeah I did not use loans at all just for my PC since they are kinda painful to be paid back.

You still need your "wants" in order to have a satisfying life and for your mental health as well.

problems are everywhere and there are problems we can not ignore that is why we need to be prepared and be a good thinker so that we can know how to get ride of some problems. Get a loan and using it to solve a need will cost us the pain if paying back most of we are not that too financially bouyant for that particular time. This is why it is good for us to save our funds when we have excess funds or good do a business so that it can sustain us when there is problem or when we are in a financial instability that is affecting our faculty.

[Cryptomiles1]

Realistically the way most people spends money is too alarming though i am not envious of what they do or neither does that concerns me but as  a boy or man who is trying to meet up life doesn't really spends money that way. Mathematically, if you are saving 1$ every day for 365 days is about $365 and if you decides to make it up $3 per day every day you would be having $1,095 thereabout. This is a good life to start with, so whenever you work on your lifestyle to minimized expenses and turn it to savings you will actually see the big difference of living an adjustable life.

[Jody.Drummer]

Realistically the way most people spends money is too alarming though i am not envious of what they do or neither does that concerns me but as  a boy or man who is trying to meet up life doesn't really spends money that way. Mathematically, if you are saving 1$ every day for 365 days is about $365 and if you decides to make it up $3 per day every day you would be having $1,095 thereabout. This is a good life to start with, so whenever you work on your lifestyle to minimized expenses and turn it to savings you will actually see the big difference of living an adjustable life.

This goes back to our perspective on life itself, I mean not everyone has a visionary mindset and looks into the future, many people only think about their luxuries at that time. Maybe now it won't be a problem, as long as their finances are in good shape and their income remains stable. But the problem is that we don't know life in the future, whether we will continue to be fine or experience bad things financially. I've also been in that situation, where I just thought about that moment, but I'm grateful I was able to realize what I did was wrong.

[ivankoh]

Yes, managing expenses and living is an area for financial management lessons.  in which, saving and fighting waste are lessons that young people today have not experienced and do not really understand.  I also see some young and old people who work little but ask their family for money and spend it in bars every night.  The good thing for them is that their family and status are better, but that's why some people often rely on the background of their parents and family.  Sometimes it's about abuse.  Financial management is even more important when you have a family and children, which means that when you grow up, you will realize it yourself.  then it will probably be too late.  Reasonable spending, diligent savings and accumulation - will create investment opportunities or secure your savings

[molsewid]

So many people who complain always for unavailability of money, it does not necessarily mean that they don't earn money. But their inability to curtail their expenses is one big reason that they are always in short of money.
For example, if you are a sports person, subscribe to the table TV that shows sports and news only. Chose an internet provide that isn't too data expensive.
You must not change wardrobe everything.
Try to buy food in bulks to save retail cost.
Manage your debit card usage and you may never run into financial crisis again.

That's the reason why they are in this actually, then we say that when you are about to buy something you should learn to think if it is still needed for your future, think 7x before proceedings to the cashier. As long as there's an empty space and you want to belive that it will be worth it the following of Jesus then  go do other things. All in all, spend time asking if you still need that if not learn to see tank and leern to believe on it.

[Cryptomiles1]

Realistically the way most people spends money is too alarming though i am not envious of what they do or neither does that concerns me but as  a boy or man who is trying to meet up life doesn't really spends money that way. Mathematically, if you are saving 1$ every day for 365 days is about $365 and if you decides to make it up $3 per day every day you would be having $1,095 thereabout. This is a good life to start with, so whenever you work on your lifestyle to minimized expenses and turn it to savings you will actually see the big difference of living an adjustable life.

This goes back to our perspective on life itself, I mean not everyone has a visionary mindset and looks into the future, many people only think about their luxuries at that time. Maybe now it won't be a problem, as long as their finances are in good shape and their income remains stable. But the problem is that we don't know life in the future, whether we will continue to be fine or experience bad things financially. I've also been in that situation, where I just thought about that moment, but I'm grateful I was able to realize what I did was wrong.

The most problems is that as a youth or a young teenage we feels there are still time for correction, well this is not true why because there is says that said " We don't cut a tree while on top of it". Meaning; We can't leave a life thinking of reversal or getting any younger.
I don't have to dive into details on this discussion let it not be i have a personal thought over it., but must learn to adjust ourselves and focus on reality. We don't chase a black goat at night.

[Marcellin9]

Realistically the way most people spends money is too alarming though i am not envious of what they do or neither does that concerns me but as  a boy or man who is trying to meet up life doesn't really spends money that way. Mathematically, if you are saving 1$ every day for 365 days is about $365 and if you decides to make it up $3 per day every day you would be having $1,095 thereabout. This is a good life to start with, so whenever you work on your lifestyle to minimized expenses and turn it to savings you will actually see the big difference of living an adjustable life.

This goes back to our perspective on life itself, I mean not everyone has a visionary mindset and looks into the future, many people only think about their luxuries at that time. Maybe now it won't be a problem, as long as their finances are in good shape and their income remains stable. But the problem is that we don't know life in the future, whether we will continue to be fine or experience bad things financially. I've also been in that situation, where I just thought about that moment, but I'm grateful I was able to realize what I did was wrong.

Indeed. Those who don't look into the future will probably have a life going downhill once their income decreases as they grow old. I am thankful that when I was young, I was trapped into those situations but got through eventually. There is nothing more helpful than knowing how to manage finances when faced with all unnecessary consumptions later in life. Now I have a family with many responsibities and providing a financial stability is essential to all people around me. Thank God that I can speak these now because as a young man, or to many youngsters, nobody would understand what I am talking about.

[RockBell]

When it comes to spending money, it is not at all easy. It takes a lot of discipline to manage spending and to distinguish between needs and wants. I learned something very important that explains why saving money is so crucial: it gives you something to fall back on. Many people complain that their income is insufficient for their needs, but this is often due to poor money management. When we consider it, our income cannot support our standard of living.

[inthelongrun]

This is a common problem not limited to just a few but a lot. I even had this borrower that was not able to pay me. She gave me a lot of garbage excuses and the worst one is she had no extra money that time because she spent it with her and her daughters at a facial beauty clinic. I was so mad that I didn't respond in order to control myself and never made a contact with her again. My father bought the loan and I have no news if he was able to collect it. I don't understand these people. Another one also failed to pay me because he bought a new mobile phone which is not really needed knowing he's got a phone already. That guy never paid me. In my life, I probably lost thousands of dollars already worth of unpaid debts and that includes 1 bitcoin in late 2017. The guy purchased a brand-new SUV. That guy blocked me already including her wife on social media.

Most people are driven by money, greed, and luxurious ambitions but are not working to achieve them fairly.   

[blockman]

What the OP is talking about is someone who spends more money on fun or things that are not really needed. And of course this type of person is the type of person who is called a waste.

people who often commit extravagance are those who are not good at managing finances and those who tend to prioritize wants over needs. And. of course everyone who has mature and logical thinking will not do this without needing to be reminded by someone.

because if we think logically (common sense) then of course we will know how to spend our money to be more effective. Recognizing which types of needs and which types of desires are actually not needed is a basic thought that we must have.

Those that have experienced being poor and got nothing, they'll spend their money wisely and not on the things that they don't really need. Life is too hard these days whether you're from a first or third-world country, every region has got their hardships dealing with the situation of their economies and living status. That's why someone who spends on extravagant things and it's solely their money and has got no other money in savings and as well as investments, they're just YOLOing with their lives. Whether you're living well or not right now, we need to be intelligent with our expenditures and we need to live within our means.

[BigBos]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

So here it is important to manage needs and wants with existing income, actions like that are stupid things and when viewed in their nature they are just for fun, people who are aware of situations like this will take better care of their money and reduce expenses, especially in conditions In the current economy, I find it quite difficult to earn money. Maybe not everyone can give up such activities directly. If there are indeed people who are trapped in such conditions, they must immediately reduce activities that are detrimental and make us dizzy at the end of the month.

[Adbitco]

I believe most people are birth with silver spoon and most of them their parents have made way for them even if they don't work their father or mother investment (Company) will keep them going and for that they don't care how about their spendings and lifestyle. But I must say the truth that isn't the right way to train a child simply because you are wealthy doesn't mean your children shouldn't know anything about life or how to startup life whenever their parents are not there for them.

[molsewid]

When it comes to spending money, it is not at all easy. It takes a lot of discipline to manage spending and to distinguish between needs and wants. I learned something very important that explains why saving money is so crucial: it gives you something to fall back on. Many people complain that their income is insufficient for their needs, but this is often due to poor money management. When we consider it, our income cannot support our standard of living.

I totally agree with you, it's been  a month since I decided to save some money from my salary, each cut off I will try to save around 15% of it, now I stop getting some money for school  preparation, I am willing to stop saving just to for the sake of our sons, it is really have to save if you have a limited resources and you're salary is just good enough for your family needs. Even though I want to save but the universe doesn't allowed me for now.

[Fortify]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

What I've noticed over time is that a lot of people claim they want freedom and to do many things in life, but they are extremely wasteful with one of the most important assets we get - money. They say they want to learn more about finance when you discuss it, but never take any solid steps or even attempt these things out of fear. Maybe they got burned by one particular stock, because they were being too greedy and chasing the wrong strategy in the past. Maybe they are happy with 2% from a bank account at very low risk, but should be earning 6-7% minimum from basic investing. Others are simply far too wasteful with money and unwilling to change their habits to ever succeed in it.

[karmamiu]

What the OP is talking about is someone who spends more money on fun or things that are not really needed. And of course this type of person is the type of person who is called a waste.

people who often commit extravagance are those who are not good at managing finances and those who tend to prioritize wants over needs. And. of course everyone who has mature and logical thinking will not do this without needing to be reminded by someone.

because if we think logically (common sense) then of course we will know how to spend our money to be more effective. Recognizing which types of needs and which types of desires are actually not needed is a basic thought that we must have.

It would always correlate with wants and needs. I once saw a video about how people couldn't save money due to increase of salary = change of lifetsyle. Like it or not, there will be people who will it this way, increase on income resulting to increase of expenses, which is not healthy and it would be a huge habitual problem. If you think about it carefully, there is no problem increasing expenses if those spendings are intended for a good cause (needs), but there're people who do this just to support their wants, and I've seen a lot of this people, from distant relatives to some of my acquintances, and of course I'd be hesitating telling them it's a bad habit, coz in the end, I'll become the antagonist they would just tell me to mind my own business.

[Mahanton]

What the OP is talking about is someone who spends more money on fun or things that are not really needed. And of course this type of person is the type of person who is called a waste.

people who often commit extravagance are those who are not good at managing finances and those who tend to prioritize wants over needs. And. of course everyone who has mature and logical thinking will not do this without needing to be reminded by someone.

because if we think logically (common sense) then of course we will know how to spend our money to be more effective. Recognizing which types of needs and which types of desires are actually not needed is a basic thought that we must have.

It would always correlate with wants and needs. I once saw a video about how people couldn't save money due to increase of salary = change of lifetsyle. Like it or not, there will be people who will it this way, increase on income resulting to increase of expenses, which is not healthy and it would be a huge habitual problem. If you think about it carefully, there is no problem increasing expenses if those spendings are intended for a good cause (needs), but there're people who do this just to support their wants, and I've seen a lot of this people, from distant relatives to some of my acquintances, and of course I'd be hesitating telling them it's a bad habit, coz in the end, I'll become the antagonist they would just tell me to mind my own business.

Actually this is really based up on real or true experience about having those increase of earnings or salary = increase in lifestyle on which you would really be ending up with that kind of path on which you would really be having a hard time on handling up specially when your expenses is already that soaring up high which it would really be putting you in big trouble in case if you dont able to handle it well or didnt really be able to stop
it.You should really be needing to level up everything if you dont like on having a messed up finances then its better to make yourself that be prepared
and having that proper planning.

[Mpamaegbu]

a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars...

Those who behave in such manner shouldn't be taken any seriously when they complain of financial lack. It's stupidity in itself to fret away one's meagre resources just to sound big and relevant.

I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

So true. I once walked into a restaurant a few years ago to have lunch and a dude there ordered extra pieces of meat for his meal but didn't eat any. He ate the normal meal without picking the extra. Dude paid and left. I was really spooked (so to say) on the day. I saw it as an unnecessary childish behaviour. Till date I see such pattern and people seeking validation through it.

[alastantiger]

Certainly, if you did not plan your spending, you are going to have a big financial disaster. An average income earner should always have a plan on his or her spending. Spending money unnecessarily is not neccessary. You should always draw your scale of preference. What you want and what you need are two different things. For instance,  you may want to celebrate your birthday in a private jet, you may want to wear the most eapensive cloth and shoe to a friends party, but you cant afford to buy them. Are you going to spend all your savings  because you want to show off? No. You dont need to. So you have to cut your coat according to your size. And you shouldn't compete with friends with higher income. Always know what you need at a particular time to avoide financial breakdown.

[Wong Gendheng]

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

[Cookdata]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

This is simple and I will make it easy for you to comprehend. Just because you like to stay indoors doesn't mean I'm equally introverted, I could be an extrovert that wouldn't want to stay home. Again, because I love taking bear and hanging out doesn't mean you have to be like me. It is all choices even if we earn the same amount of money, all life without fun is doesn't make sense, but we have to do it moderately but saying because my source of income is never enough should limit my way of life totally is out of debates, I will save and spend flamboyantly but it doesn't mean I must suffer it.

[MarjorieZimmermanGinger]

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

Everyone must have a pattern of managing their financial resources, as much as possible to save and manage money in the process of life, not all money is used for investment and store gold because there are basic needs that must be fulfilled for their families. Therefore there are a number of things that must be considered in managing better finances, so as not to put us in financial difficulties.

Investment and storing gold are two good things to do, but also must be considered the level of income and expenses to take the approach of both, so that there is a balance between investment and daily needs.

[DOH!]

When it comes to spending money, it is not at all easy. It takes a lot of discipline to manage spending and to distinguish between needs and wants. I learned something very important that explains why saving money is so crucial: it gives you something to fall back on. Many people complain that their income is insufficient for their needs, but this is often due to poor money management. When we consider it, our income cannot support our standard of living.

Totally agree with your point. There is a saying that "Making money but not keeping it" is a bad thing that will affect your life, health, financial difficulties in the future if you do not calculate and save properly. At any time, always set a dedicated savings budget (additional investment capital, health care, risks from life such as illness, accident,...) Especially for the economic downturn. The economy is accompanied by ongoing hyperinflation, if spending is not planned, it will certainly affect the future.

[Pesona1]

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

We cannot deny that extravagance is one of the causes of distress, spending money only for something that is not effective, of course, will only trouble ourselves because little by little our money will be drained, even though we have a steady income but no good management in managing finance of course the money will only be wasted, I think many people who are rich today start from their habit of living frugally and using money only for important purposes, while poverty certainly cannot be kept away from the effects of extravagant living, it is very important for us to be able to manage finances as well as possible even though at least it won't make us rich but there won't be any trouble if an emergency ever befalls our economy.

[Wapfika]

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

Everyone should be open minded in the idea of saving and investing, we are now in generation that it’s easier to finds ways how and where to invest. We must know where to focus ourselves with. Plan ahead before spending. I suggest to read books to get motivated as well keep yourself in focus of the goal wanted. There are more ways to earn now thru online we just need to find what suit our interest best so we can enjoy what we’re doin it can be in online job, trading crypto, or online business selling.

[dezoel]

Today I had to go to a funeral, it wasn't anyone I know and I was just there for my parents because it was someone who knows someone who knew the person that passed away, so basically very distant from me.

However, afterwards I realized that I haven't been out in a very long time, not for any fun reasons, I had been out for funerals, my dog passing away, hospitals, but it has been literally over 3 months since I have been out for fun, last time was new years celebration. So, myself and my spouse went out for a good breakfast on a good place and spent the money that we didn't even have. Bad financial decision, but I can't explain to you how much it helped me with morale, it really gave me a boost.

Now I feel much fresher and better. Sometimes you HAVE TO spend unnecessary amounts of money, to keep your mental health up.

[tjtonmoy]

It's their personal life, so they can choose on how to live it. But it is always a good idea to spend money in such way that we could avoid problems in the future. You said, you don't want to talk about poor and rich, but I think when it comes to spending money in a way so that we could avoid problems comes to the point of one being poor or rich. We have the mindset to think that the rich spend money carelessly. But the truth is, they are rich because they know how to earn them back. But poor people are trying hard to ensure a rich lifestyle, while spending more and creating problem themselves and forget to enjoy the life they already got. If we are happy in our own lifestyle, we can avoid such problems.

[panganib999]

True. I've experienced it myself, I'm a pretty extravagant spender when you consider the fact that my pay grade is a little over the lower middle income class. Which oftentimes lead me to lose money in the middle of the month, sometimes even from expenses that I couldn't backtrack for the life of me, that almost always leads me to borrow from my investments just to get by. Honestly speaking I haven't gotten out of this cycle just yet but the I'm slowly getting the hang of budgeting and keeping track of my monthly expenses. One thing I do notice though is how everything gets more expensive over time, possibly due to the effects of inflation, so simple budgeting and tracking of expenses wouldn't cut it, you have to have a pretty extensive grasp of financial literacy in order to understand and apply it on a fundamental level.

[Republikcoin.com]

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

Changing bad habits to be good is not an easy thing for everyone, moreover these bad habits have made everyone more comfortable to do every day. But you also need to know more other reasons why some people are still doing this now, because I think everyone is sure to spend their money where they need it even though you see they are not wise in managing their finances.

Even though everyone who has managed their finances wisely also does not tell other people in their life. So don't judge too quickly on this because you still need a more in-depth analysis so you can find out more reasons for everyone in terms of spending money.

[Marcellin9]

Today I had to go to a funeral, it wasn't anyone I know and I was just there for my parents because it was someone who knows someone who knew the person that passed away, so basically very distant from me.

However, afterwards I realized that I haven't been out in a very long time, not for any fun reasons, I had been out for funerals, my dog passing away, hospitals, but it has been literally over 3 months since I have been out for fun, last time was new years celebration. So, myself and my spouse went out for a good breakfast on a good place and spent the money that we didn't even have. Bad financial decision, but I can't explain to you how much it helped me with morale, it really gave me a boost.

Now I feel much fresher and better. Sometimes you HAVE TO spend unnecessary amounts of money, to keep your mental health up.

Agreed but I guess what you brought up may not be generalized as a spending issue but rather a temporary escape from life. Everyone is stressed out nowadays and we can not function as machines every day. In order to have a vigourous life, sometimes we have to step away from where we are or what we are and enjoy a different moment of life. It might be as your example of going out for a nice breakfast with your spouse or taking a long walk across the country road or just buying a ticket to take a train to go to a random place for a day. These are reasonable relaxation.

[Cryptock]

Today I had to go to a funeral, it wasn't anyone I know and I was just there for my parents because it was someone who knows someone who knew the person that passed away, so basically very distant from me.

However, afterwards I realized that I haven't been out in a very long time, not for any fun reasons, I had been out for funerals, my dog passing away, hospitals, but it has been literally over 3 months since I have been out for fun, last time was new years celebration. So, myself and my spouse went out for a good breakfast on a good place and spent the money that we didn't even have. Bad financial decision, but I can't explain to you how much it helped me with morale, it really gave me a boost.

Now I feel much fresher and better. Sometimes you HAVE TO spend unnecessary amounts of money, to keep your mental health up.

Agreed but I guess what you brought up may not be generalized as a spending issue but rather a temporary escape from life. Everyone is stressed out nowadays and we can not function as machines every day. In order to have a vigourous life, sometimes we have to step away from where we are or what we are and enjoy a different moment of life. It might be as your example of going out for a nice breakfast with your spouse or taking a long walk across the country road or just buying a ticket to take a train to go to a random place for a day. These are reasonable relaxation.

I think work from home has changed the lifestyle of the people all along.
People are now socializing less and spending more time watching screens. This is the disadvantages of the COVID.

[South Park]

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

Changing bad habits to be good is not an easy thing for everyone, moreover these bad habits have made everyone more comfortable to do every day. But you also need to know more other reasons why some people are still doing this now, because I think everyone is sure to spend their money where they need it even though you see they are not wise in managing their finances.

Even though everyone who has managed their finances wisely also does not tell other people in their life. So don't judge too quickly on this because you still need a more in-depth analysis so you can find out more reasons for everyone in terms of spending money.

In fact changing any habit whether is good or bad is incredibly difficult, it is because of this we have to do our utmost effort to have as many good habits and as little bad habits as possible as well, so developing the habit of saving since childhood is important because in that way the child will grow and still have that habit when they grow up and make a significant difference on their life, as in this way they can begin to invest earlier and make way more money than those that did not develop the habit of saving during their childhood.

[serjent05]

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

Changing bad habits to be good is not an easy thing for everyone, moreover these bad habits have made everyone more comfortable to do every day. But you also need to know more other reasons why some people are still doing this now, because I think everyone is sure to spend their money where they need it even though you see they are not wise in managing their finances.

Even though everyone who has managed their finances wisely also does not tell other people in their life. So don't judge too quickly on this because you still need a more in-depth analysis so you can find out more reasons for everyone in terms of spending money.

In fact changing any habit whether is good or bad is incredibly difficult, it is because of this we have to do our utmost effort to have as many good habits and as little bad habits as possible as well, so developing the habit of saving since childhood is important because in that way the child will grow and still have that habit when they grow up and make a significant difference on their life, as in this way they can begin to invest earlier and make way more money than those that did not develop the habit of saving during their childhood.

If you have the will no matter how difficult it is, it can be done.  The reason why changing habits is difficult is because we are used to do things and wanted an abrupt change.  I think that is a wrong approach in fixing our bad habits especially in spending money.  We can do it slowly until we get used to our new way of spending.

I do agree that learning the habit of saving during our early years is important because it can become our core attribute and will carry it when we are getting old.  but the thing is most of us save because we are planning to buy something that we cannot afford to buy in one go with our earnings.  Most kids are thought this kind of saving fact won't impact improving their life at all because the savings are intended to be spent on things they liked.  Instead, we should teach kids in saving not only for the things they wanted but also for the future emergencies.

[karmamiu]

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

Changing bad habits to be good is not an easy thing for everyone, moreover these bad habits have made everyone more comfortable to do every day. But you also need to know more other reasons why some people are still doing this now, because I think everyone is sure to spend their money where they need it even though you see they are not wise in managing their finances.

Even though everyone who has managed their finances wisely also does not tell other people in their life. So don't judge too quickly on this because you still need a more in-depth analysis so you can find out more reasons for everyone in terms of spending money.

In fact changing any habit whether is good or bad is incredibly difficult, it is because of this we have to do our utmost effort to have as many good habits and as little bad habits as possible as well, so developing the habit of saving since childhood is important because in that way the child will grow and still have that habit when they grow up and make a significant difference on their life, as in this way they can begin to invest earlier and make way more money than those that did not develop the habit of saving during their childhood.

If you have the will no matter how difficult it is, it can be done.  The reason why changing habits is difficult is because we are used to do things and wanted an abrupt change.  I think that is a wrong approach in fixing our bad habits especially in spending money.  We can do it slowly until we get used to our new way of spending.

I do agree that learning the habit of saving during our early years is important because it can become our core attribute and will carry it when we are getting old.  but the thing is most of us save because we are planning to buy something that we cannot afford to buy in one go with our earnings.  Most kids are thought this kind of saving fact won't impact improving their life at all because the savings are intended to be spent on things they liked.  Instead, we should teach kids in saving not only for the things they wanted but also for the future emergencies.

Same thing as rehabilitation, and there is also this thing called withdrawal for those who're involved in abusive drugs. We've all been on a situation wherein there're so many temptations that if only we had the money, we will surely buy those things. Let's all admit it that we all want money because of something, either it's for our needs or for savings and investment. We are all here trying to survive and to sustain our daily lives.

It reminded me of the thread I read the other day about "the cost of living is already killing" or something similar to that, and yes, it's true for most of the countries surviving at the same time earning is like a living in the jungle. People from the high-class family may not notice this but mostly from the lower-class incomes to middle class, they can literally feel those burdens. This is mostly true to countries with high inflation rates and those low average income countries.

[Marcellin9]

Money seems to be very fun if we can manage well, but the thing that happens a lot is that people spend too easily and use it for wasteful and ineffective things, if the bad habits are not changed then we can be sure that we will suffer, not forever We can get money easily and when the money is in hand then use it for productive things such as investment or storing gold whose value will continue to increase.

Changing bad habits to be good is not an easy thing for everyone, moreover these bad habits have made everyone more comfortable to do every day. But you also need to know more other reasons why some people are still doing this now, because I think everyone is sure to spend their money where they need it even though you see they are not wise in managing their finances.

Even though everyone who has managed their finances wisely also does not tell other people in their life. So don't judge too quickly on this because you still need a more in-depth analysis so you can find out more reasons for everyone in terms of spending money.

In fact changing any habit whether is good or bad is incredibly difficult, it is because of this we have to do our utmost effort to have as many good habits and as little bad habits as possible as well, so developing the habit of saving since childhood is important because in that way the child will grow and still have that habit when they grow up and make a significant difference on their life, as in this way they can begin to invest earlier and make way more money than those that did not develop the habit of saving during their childhood.

If you have the will no matter how difficult it is, it can be done.  The reason why changing habits is difficult is because we are used to do things and wanted an abrupt change.  I think that is a wrong approach in fixing our bad habits especially in spending money.  We can do it slowly until we get used to our new way of spending.

I do agree that learning the habit of saving during our early years is important because it can become our core attribute and will carry it when we are getting old.  but the thing is most of us save because we are planning to buy something that we cannot afford to buy in one go with our earnings.  Most kids are thought this kind of saving fact won't impact improving their life at all because the savings are intended to be spent on things they liked.  Instead, we should teach kids in saving not only for the things they wanted but also for the future emergencies.

Same thing as rehabilitation, and there is also this thing called withdrawal for those who're involved in abusive drugs. We've all been on a situation wherein there're so many temptations that if only we had the money, we will surely buy those things. Let's all admit it that we all want money because of something, either it's for our needs or for savings and investment. We are all here trying to survive and to sustain our daily lives.

It reminded me of the thread I read the other day about "the cost of living is already killing" or something similar to that, and yes, it's true for most of the countries surviving at the same time earning is like a living in the jungle. People from the high-class family may not notice this but mostly from the lower-class incomes to middle class, they can literally feel those burdens. This is mostly true to countries with high inflation rates and those low average income countries.

Apart from all we have discussed here, do you notice that having too much choice over things we eat, drink or anything we want, is heavily draining out of our energy ? To control spending is way more beneficial than we might think. This may sound spiritual but if you see the whole thing as a self-discipline, you'll get my point.

[Ataiwo913]

We all know that how you spend money can determine whether you are able to avoid or not unnecessary problems. Spending on unnecessary things is not always a bad idea, especially if it contributes to your happiness. But there is a line between spending money on things that genuinely brings you joy and wasting away your hard earned income making purchases that fall short of your expectations. How much do you pay attention to these things? Ask yourself this question and see how much control you have over what you purchase.

[Vishnu.Reang]

Life is all about choice. People tend to spend their money on what is important to them. But I totally agree with your examples on how people spend money on what they don't necessarily need. Recently, I was guilty of this wasteful spending. I did a monthly Netflix subscription and I just watched one movie for less than three hours because I had no time to watch movies. I regretted this financial waste and will never try it again.

Many people claim that their earnings is not enough but they can afford to buy several bottles of beer for friends in a bar. They would buy shoes or clothing that they don't even need. I have a friend that bought five pair of shirts and forget that he bought anything like that. He later saw the shirts wrapped inside his wardrobe after seven months. He doesn't really need them.

If you are a low or average income earners, the only way you can save is to spend on mostly basic needs and avoid spending for fun or pleasure. Food, clothing, housing and other important expenses should be paramount. Others can be set aside until ones income has been diversified or increased.

Yes you are right, some people pretend that they are financial week or they can't mange their needs with their basic income but actually they are not able to manage their money in right way . I have seen one of my collogue purchase E newspaper subscription  for 1 year which cost was around 1k but right after 2 weeks he was start having less interest on such news because of his personal work he had no time and latter on he regretted he have done waste of money but he never learn from mistake what he have done and at the end of the month he always have financial crisis.

[Uruhara]

Apart from all we have discussed here, do you notice that having too much choice over things we eat, drink or anything we want, is heavily draining out of our energy ? To control spending is way more beneficial than we might think. This may sound spiritual but if you see the whole thing as a self-discipline, you'll get my point.

Although I do not know whether I understand or not with what you mean. but I understand that controlling expenses is far more effective in all respects. especially in finance. but when talking about self-satisfaction, of course there is a feeling within us that is not satisfied because we are too controlling of our financial expenses. but when we have a large amount of savings as a result of our habits that always control our money spending so that we can still set aside money to save and invest. then there will be a sense of satisfaction and pride when we manage to have a considerable amount of savings and investment from the results of controlling our financial expenses. and psychologically this will certainly build continued motivation so that we will be more consistent in managing our finances.

[BVeyron]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

I suppose that such people got used to this lifestyle, they feel "ok" with it, despite having regular debt problems. They took the phrase "live right here and right now" too literally... So I assume it's not a fault of anyone, at least if they don't get into criminal troubles... It's just the lifestyle, which adequate people are eager to avoid.

[Dzwaafu11]

Self-sufficiency is essential, as is knowing how to manage one's finances. In the instances you provided, people live their lives as they wish, without regard for how they should live them. All these individuals lavishing their money, I don't know if it's because they believe the money will continue to come their way or what. That's why they waste them on frivolous items.And I believe that those who waste money on frivolous items will come to regret their decisions, which will lead to unfortunate outcomes.Because of this, they are unable to manage or control their finances, which is quite negative. In my opinion, these issues arise as a result of poor life planning, including living with fictitious friends and other factors that are related to it. these issues

[ichsan ardi]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

in that case, it's the person's fault, don't ever spend money that exceeds our income per month, save money, manage money as best as possible, invest if we live like that, spend spree and at the end of the month we're short on money and can't pay our installments, we'll be short of money forever. savings, no work assets, just enough for daily life, that's the matrix, we have to let go of the so-called matrix, make money work for us, not money work for us, invest it from now on, if not from now, then when

[nesty]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

Managing finances can be challenging especially when there are competing priorities. I think it might be helpful if we will create a budget and prioritize spending based on our needs and wants. We should always be mindful of our spending habits and we should identify which is causing overspending. If we will do it we can track our expenses. It is important to have a plan for unexpected expenses so that we can avoid applying for loans. But definitely i am not one of those who overspend to buy what is not needed.

[Kelward]

I think that one of the solutions to avoid unnecessary spendings is to simply spend what is left of your income after savings. This way you will have to forgo unnecessary expenditures. When you have money in your pocket, you will be tempted to spend on things that you want, but which you really don't need. So in order to avoid unnecessary problems in the way you spend, make a budget for the month, write down your needs, them give priority to them, in the order of importance to you. Focus on spending on the most important ones at the top. Stop when your budget is exhausted and carry over the remaining needs to the next month. Then make another list and give priorities again.

[19Nov16]

The most difficult thing in life is managing finances so that they fit into the budget, temptations occur in many ways, if we leave the house it will be difficult to avoid not buying what we see, and when we hold our cell phones the temptation to buy things that look fun is also difficult to avoid, I think the best thing to avoid unnecessary spending is to have a strong principle not to spend money.

[xSkylarx]

The most difficult thing in life is managing finances so that they fit into the budget, temptations occur in many ways, if we leave the house it will be difficult to avoid not buying what we see, and when we hold our cell phones the temptation to buy things that look fun is also difficult to avoid, I think the best thing to avoid unnecessary spending is to have a strong principle not to spend money.

We can still manage to not buy those things when we go out to buy something because if you have a short money for sure you wont be buying it but the temptations is already there but you have discipline to control it since i came from very poor family i do can resist to the temptations that is why i can still not overspent sometimes but if ever i do have alot of extra money that is the time that sometime do buy some extra but still those just needs not wants

[Agbe]

Spending money on unnecessary things is not always a bad idea, especially if it contributes to your happiness. But there is a line between spending money on things that genuinely brings you joy and wasting away your hard earned income making purchases that fall short of your expectations. Spending money on things that will make you is not unnecessary things, spending money on flexing live, will put you in problem, and  to avoid unnecessary problems in the way you spend, make a better plans for your monthly payment, write down your needs, give priority to them, in the order of importance to you.

[Uruhara]

The most difficult thing in life is managing finances so that they fit into the budget, temptations occur in many ways, if we leave the house it will be difficult to avoid not buying what we see, and when we hold our cell phones the temptation to buy things that look fun is also difficult to avoid, I think the best thing to avoid unnecessary spending is to have a strong principle not to spend money.

Strong principles, careful planning and discipline in carrying out our financial plans are important things we must do if we want to be able to avoid any temptation to spend money unnecessarily. For me the strongest temptation is when there is renewable technology or for example if there is some kind of new cell phone with more sophisticated specifications. so it was things like this that tempted me the most and used my savings and made my financial planning worse. But after I had a family, my partner advised me or basically we advised each other to stick to the principles that had been made, namely discipline in carrying out the financial planning that had been made. and now I can avoid things like that. But the temptation is sometimes still felt to this day.

[iphone5s]

The most difficult thing in life is managing finances so that they fit into the budget, temptations occur in many ways, if we leave the house it will be difficult to avoid not buying what we see, and when we hold our cell phones the temptation to buy things that look fun is also difficult to avoid, I think the best thing to avoid unnecessary spending is to have a strong principle not to spend money.

There are many factors that support your finances that cannot be managed if you leave the house, there are many trials such as goods that you really want or just going to buy food with a different taste or treating friends who meet at this very moment. but all you can get through if you just stand at home and spend your days at home. Although it is very boring.

[molsewid]

Spending money on unnecessary things is not always a bad idea, especially if it contributes to your happiness. But there is a line between spending money on things that genuinely brings you joy and wasting away your hard earned income making purchases that fall short of your expectations. Spending money on things that will make you is not unnecessary things, spending money on flexing live, will put you in problem, and  to avoid unnecessary problems in the way you spend, make a better plans for your monthly payment, write down your needs, give priority to them, in the order of importance to you.

For me it is not bad to spend money for your happiness as long as it is still in your budget. We should treat ourselves as well but not too much, for me I called it as self care, sometimes we cannot avoid to spend on unnecessary things but we should manage our emotions to resist it and not spend money to things like that, we should learn to have a proper allocation of our money as well.

[hannahB4]

Though there is an adage that says you cut your coat according to your cloth that means you cut your expenses according to your income. Many people are frugal in spending but still have a lot of expenses to cater for at the end of the month virtually because their income wasn't enough to do that. financial management is the key to successful savings and can only be achieved with determination.

[Negotiation]

You need to produce a specific budget and stick to it to exclude gratuitous problems it fluently help you save for your short and long term pretensions. Creating a budget will give you a clear idea of how to spend your plutocrat. This will in turn help you cut gratuitous charges if you want to ameliorate your finances, you need to identify gratuitous charges and exclude them. You have no choice but to exclude these redundant and necessary charges, If you want to increase your savings and pay your bills in full.

[justdimin]

Spending money on unnecessary things is not always a bad idea, especially if it contributes to your happiness. But there is a line between spending money on things that genuinely brings you joy and wasting away your hard earned income making purchases that fall short of your expectations. Spending money on things that will make you is not unnecessary things, spending money on flexing live, will put you in problem, and  to avoid unnecessary problems in the way you spend, make a better plans for your monthly payment, write down your needs, give priority to them, in the order of importance to you.

This is what I wanted to talk about exactly. People are robbing themselves from good periods and good times, that is why there is nothing that should stop you if you want to live properly and if you can afford to do it, then just do it. I kept saying the same thing to everyone who wanted to learn more about money. If you are not making enough to get a savings then you should not cut your costs, you should increase your income.

Too many people have one jobs, and I understand, in any normal world 1 job should be enough, but if you are not making enough, then get a second one and that would be better, you can get most of what you want. I personally got a flexible job, I work more when I have the time, and work less when I don't, which allows me to make enough to put aside.

[mich]

The reason why is it important to be financially responsible is because you do not want to be reckless and spend all your money. And if you do not have money, you pretty much are stuck in a financial hardship that will have you living to check by check.
Being financially responsible means you know how to manage your spending habits. This is very crucial because if you are not careful with your spending you will find yourself in financial debt.
A good example is not buying expensive things so you have enough money to feed your family and be able to pay your bills. Or not take luxurious vacations only to come back financially in debt and be risking not being able to pay for your expenses and essentials.

[mirakal]

Life is all about choice. People tend to spend their money on what is important to them. But I totally agree with your examples on how people spend money on what they don't necessarily need. Recently, I was guilty of this wasteful spending. I did a monthly Netflix subscription and I just watched one movie for less than three hours because I had no time to watch movies. I regretted this financial waste and will never try it again.

Many people claim that their earnings is not enough but they can afford to buy several bottles of beer for friends in a bar. They would buy shoes or clothing that they don't even need. I have a friend that bought five pair of shirts and forget that he bought anything like that. He later saw the shirts wrapped inside his wardrobe after seven months. He doesn't really need them.

If you are a low or average income earners, the only way you can save is to spend on mostly basic needs and avoid spending for fun or pleasure. Food, clothing, housing and other important expenses should be paramount. Others can be set aside until ones income has been diversified or increased.

Yes you are right, some people pretend that they are financial week or they can't mange their needs with their basic income but actually they are not able to manage their money in right way . I have seen one of my collogue purchase E newspaper subscription  for 1 year which cost was around 1k but right after 2 weeks he was start having less interest on such news because of his personal work he had no time and latter on he regretted he have done waste of money but he never learn from mistake what he have done and at the end of the month he always have financial crisis.

The truth is these problems are so common, so common that we can still trace it back in the days of yore. It's not that we lack money because it doesn't really matter whether we are having a steady income of few thousands on a weekly basis or not, it's our discipline towards the money is the problem. We tend spend it like we have an endless source, only to find out that we're already out of it before the next pay slip comes.

I'm speaking from experience because I've been there and done that, but fortunately, I got out of that toxic situation and managed to get some help about how to end purchasing my nonsense needs.

[Baoo]

Well, it is unfortunate how too many people spend more they earn and on unnecessary and trivial needs. In my opinion, it is really essential to save money for unexpected situations, we haven’t got the faintest idea what tomorrow is going to bring, that’s why we should be prepared for all different scenarios. At the same time, we have to enjoy our life and entertain ourselves instead of saving all money and being miserly. Moreover, it would be better if you have a futuristic vision, in case things go very different from the way you live now, you will be completely ready. Plus, I truly advise people to learn financial management , it is really effective to achieve financial stability and live without money troubles.

[Desmong]

Though there is an adage that says you cut your coat according to your cloth that means you cut your expenses according to your income. Many people are frugal in spending but still have a lot of expenses to cater for at the end of the month virtually because their income wasn't enough to do that. financial management is the key to successful savings and can only be achieved with determination.

what if if you cut your coat and the coat do not size you again, what are you going to do now?
Problem will always want to come to us so we need to make sure that we use our head so that we are not going to miss out big from it. If we are the type that spend money in a way that make us happy and we have good income, we might not have a problem at the end.

[axxo]

To be mindful in spending our money can help us to avoid unnecessary problems. Always prioritize your spending, we need to make sure that we are just spending based on our needs and goals and not spending on what we want. Make a budget to help us track our spending and for us to see if we are overspending or not. Avoid getting a loan if it is not necessary. Make an emergency funds specially for unexpected medical expenses etc. in the event of emergency. 

[pantek talacuik]

To be mindful in spending our money can help us to avoid unnecessary problems. Always prioritize your spending, we need to make sure that we are just spending based on our needs and goals and not spending on what we want. Make a budget to help us track our spending and for us to see if we are overspending or not. Avoid getting a loan if it is not necessary. Make an emergency funds specially for unexpected medical expenses etc. in the event of emergency. 

Way of life and good rules for not happening bad things from the finances that you waste later. there's a lot you have to do to organize all of this. if you can manage it will be close to the success that awaits you. a lot of people can't do that.

[Litzki1990]

For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

If we can spend in a limited way then we can save our money even from our small monthly salary. To save for the future, we should avoid some expensive things.
For example, if someone has a habit of eating at an expensive restaurant, then he has to change that habit because eating at a restaurant is usually very expensive. Instead of eating at a restaurant, we can eat with family. Not to spend more than what is necessary. we should spend only what we need. 
Many people have the habit of smoking or drinking and it is seen that they spend a lot of money on smoking and drinking which results in them being more in debt instead of saving money at the end of the month. Those who have these habits should change this habit. If these habits can be changed by oneself then it is possible to save some part of the salary at the end of the month.

[KiaKia]

Pray that you don't have a bigger problem that your money will be able to solve, imagine having a tumor in your body that will cost you thousands of Dollars to remove and all you have on you is just 5000$, this is going to be a problem unless you have family friends that cares about you and are ready to help, the most popular problems among humans is financial problems and they can still stay alive and manage what they have, but the most dangerous problem is health problem,  pray you don't become a victim of health problem.

The more you learn how to spend money wisely the lesser your problems will be, always make sure that you are saving some money aside for emergencies and always make sure to invest your money for a better future, so whatever problem comes your way you will be at least able to face them.

[Tony116]

For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

If we can spend in a limited way then we can save our money even from our small monthly salary. To save for the future, we should avoid some expensive things.
For example, if someone has a habit of eating at an expensive restaurant, then he has to change that habit because eating at a restaurant is usually very expensive. Instead of eating at a restaurant, we can eat with family. Not to spend more than what is necessary. we should spend only what we need. 
Many people have the habit of smoking or drinking and it is seen that they spend a lot of money on smoking and drinking which results in them being more in debt instead of saving money at the end of the month. Those who have these habits should change this habit. If these habits can be changed by oneself then it is possible to save some part of the salary at the end of the month.

Indeed, if we are determined and want to do something, no matter how difficult, we can still do it. Those who give hundreds of excuses when they can't save money, it's because they haven't seen the importance of it, and they don't want to. For these types of people, advice will never be enough. Only when they really have a hard time in life, when they need a lot of money to solve that problem, they realize that saving is very important. For me, saving is more important than investing, I will only invest when I have savings.

[Cookdata]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

If you want to focus specifically on wealthy individuals, it would have been helpful to include that in your subject to narrow down the context. However, regardless of wealth, spending habits are influenced by individual discipline and financial management; whether someone is poor or rich, it is important to exercise discipline when it comes to spending money.

No matter your income level, it is very essential to strike a balance between spending and saving, even if someone earns a modest amount of $10 per month, it is not advisable to spend $8 on personal expenses without considering the need for saving for future expenses and unexpected circumstances, being disciplined in spending is essential for individuals at all income levels.

[mm2543363580]

In today's world where nothing is easy to get and you have to earn every penny by working hard for that you should think twice before spending unnecessarily on lame things .
The points OP is mentioning are real and that's the reason of people to end up broke and depressed because of financial burden on them.
Try to optimize your expenses and plan your monthly budget accordingly so that you should have something by the end of the Month.

[axxo]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

I agree with you if an individual will live above his means they would face a bigger problem their debts might boost up if they would continue to spend more than they earn. Those kind of lifestyle is ok if your income is exceptionally high and you have a lot of excess money. But if you earn a little or minimum you have to set budget and avoid impulsive purchases. If you want that kind of lifestyle and you just earn minimum you should find another source of income that can sustain your lifestyle. As for me i am not one of those people who live beyond my means. I do carefully budget my salary to be able to sustain my daily financial needs.

[Pierre 2]

Ones living on rent with mediocre income are really in limbo. I mean they don't feel poor, they don't feel rich. Just something in between. This is why I suggest people to consider yourself poor rather than rich because to hit rich status you need to make more money or save more money. Its so sad for middle class people I know it. They feel disappointed in life. I had same experience. But best way to start is to accept your status and act accordingly.

[Becassine]

they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on.

Don't need to buy a cup of coffee for seven bucks, buy a good manual coffee grinder for $100 and 2 pounds coffee beans for $50, you can drink it for 1-2 months.

Don't need to have gym membership, just workout without gym facilities e.g. push up, sit up, running, etc.

Don't need to have a dinner in an expensive restaurant, there's a lot delicious street foods you can choose.

Don't drink, it's unhealthy, expensive and addictive.

After all it depends on each person choice, my choice is the right one while majority of people will pick the left one.

At first I really wondered in which country you pay 7 dollars for a cup of coffee or 100 dollars for a coffee grinder... It seems that coffee is that expensive in Seoul or Doha. I guess the revenue goes with that price point. For the poor it must be very difficult in those countries.

Non-essential expenses are linked to the pleasure that we believe they provide and which strongly resemble habits or even addiction.

Every human being knows that smoking, drinking, taking drugs is expensive and is not particularly good for health, but the brain having associated it with pleasure, it is very difficult to get rid of it. It's the same with compulsive spending. We think it makes us happy but in the end we pile up piles of clothes for nothing.

When we reach a stage where we have difficulty paying our rent or other essential things, we have to rethink our way of having fun: having dinner with friends at home is fun and it costs less than a restaurant, riding a bike to get around when you can etc etc etc.

It's not easy to change your habits, sometimes you have to be very creative to save money, but sometimes it becomes vital.

[Cheema02]

To be mindful in spending our money can help us to avoid unnecessary problems. Always prioritize your spending, we need to make sure that we are just spending based on our needs and goals and not spending on what we want. Make a budget to help us track our spending and for us to see if we are overspending or not. Avoid getting a loan if it is not necessary. Make an emergency funds specially for unexpected medical expenses etc. in the event of emergency. 

Making a budget is good habit, and I like those people who make a budget for any step they take in life. I see many people who are poor because they don't make budget, they spend a lot of money by purchasing things that are burden on them. They only want comfort and want life of rich people. They trapped into this. When a person has 250$ salary, he cannot afford a big apartment, but they take a big apartment and then they have to work day and night. This is a big problem that I noticed. And I noticed a lot of people who have low salary but their cash management skill is very high and they are enjoying a happy life.

[eightdots]

To be mindful in spending our money can help us to avoid unnecessary problems. Always prioritize your spending, we need to make sure that we are just spending based on our needs and goals and not spending on what we want. Make a budget to help us track our spending and for us to see if we are overspending or not. Avoid getting a loan if it is not necessary. Make an emergency funds specially for unexpected medical expenses etc. in the event of emergency. 

Making a budget is good habit, and I like those people who make a budget for any step they take in life. I see many people who are poor because they don't make budget, they spend a lot of money by purchasing things that are burden on them. They only want comfort and want life of rich people. They trapped into this. When a person has 250$ salary, he cannot afford a big apartment, but they take a big apartment and then they have to work day and night. This is a big problem that I noticed. And I noticed a lot of people who have low salary but their cash management skill is very high and they are enjoying a happy life.

There are many people who buy things they don't need and don't use them. What they do is pure consumerism. This is why the price of everything increases and the person who really needs it cannot buy goods. I can say that the world has become like this in recent years.

We need to classify our needs in order of priority. We should not shop on impulse. When we write down the shopping we have done for 1 month, we will see many unnecessary things. We bought many things we shouldn't have and spent money unnecessarily. Sometimes we need to see the mistake we made by making a list.

[Asuspawer09]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

I progressed here and right now I can say that I wasn't really rich or poor since I had a stable income already and probably good enough savings and investment but still I wasn't some rich guy or successful enough. The most obvious trick that I learned is just to dont spend on something that you can't afford, it's okay to buy and reward yourself sometimes especially if you feel drained from work, etc. But the first thing you should ask yourself every time you go to buy something is can you afford to buy it? if you think you can then yes, for example, if you are going to buy something worth 100$ then maybe compute on your salary, if you have a salary for example of 500$ then probably you can afford it since you're going to earn in next month easily. The worst thing is buying something like an iPhone, laptop, or gadget because you just want it, with a very low salary you gonna use your credit card which is a very bad move because it's going to be difficult to pay that plus interest

Also, make sure to keep track of your income and spending, we mostly doesnt know where the money goes because we dont really track our expenses its a good trick in my experience, you're also gonna need multiple income streams for sure, so that you can also invest and afford whatever you want.

[milewilda]

To be mindful in spending our money can help us to avoid unnecessary problems. Always prioritize your spending, we need to make sure that we are just spending based on our needs and goals and not spending on what we want. Make a budget to help us track our spending and for us to see if we are overspending or not. Avoid getting a loan if it is not necessary. Make an emergency funds specially for unexpected medical expenses etc. in the event of emergency. 

Making a budget is good habit, and I like those people who make a budget for any step they take in life. I see many people who are poor because they don't make budget, they spend a lot of money by purchasing things that are burden on them. They only want comfort and want life of rich people. They trapped into this. When a person has 250$ salary, he cannot afford a big apartment, but they take a big apartment and then they have to work day and night. This is a big problem that I noticed. And I noticed a lot of people who have low salary but their cash management skill is very high and they are enjoying a happy life.

There are many people who buy things they don't need and don't use them. What they do is pure consumerism. This is why the price of everything increases and the person who really needs it cannot buy goods. I can say that the world has become like this in recent years.

We need to classify our needs in order of priority. We should not shop on impulse. When we write down the shopping we have done for 1 month, we will see many unnecessary things. We bought many things we shouldn't have and spent money unnecessarily. Sometimes we need to see the mistake we made by making a list.

I did have this shit experience back in the past since im a credit card holder which had been granted with a big credit limit on which since its my first time on bearing out such card which on the time that you are inside of a mall then lots of things that you would really be having in mind which you would really be liking to purchase on since you know that you do have a card which could really be able to buy up things without having that cash on your pocket and since its my first time then i did make myself fall into the trap on which buying up things which arent really that relevant or something that would really be useful for long term but instead i did make
purchases which it did really satisfy my impulsive materialistic part and here comes the time with those due dates then this is where things starts on being fucked up on which paying up those amounts that you had
been able to purchase or else you would be paying up that minimum amount due monthly if you cant pay it as a whole and this is where those debt chain would be starting and this is the hardest lesson that i do have
and been resolved for how many years because of that unwise spending.This is why its a must avoid thing in the first place. Dont make yourself that impulsive.

[letteredhub]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

If anyone should have the money to lavish in the manner as op narrates it then mean they are financial alright like they ain't lacking the money in terms of spending, what they are lacking is rather the attitude of spending the money wisely in a meticulous spending on useful and necessary things under a budgeted plan. Wasteful spending is something a few people that have a good source of monthly income are suffering from, like before the month runs to the middle of the month they have spent their income all of it in the way op narrates.

People that spends money this way usually get to realize their self when the money is no more there, a little hardship straighten a nut in their brains to quit from such wasteful spending but I as much as the money keep flowing in as they keep spending it's very hard to see them having a thought if getting out of such lifestyle.

[bhadz]

Making a budget is good habit, and I like those people who make a budget for any step they take in life. I see many people who are poor because they don't make budget, they spend a lot of money by purchasing things that are burden on them. They only want comfort and want life of rich people. They trapped into this. When a person has 250$ salary, he cannot afford a big apartment, but they take a big apartment and then they have to work day and night. This is a big problem that I noticed. And I noticed a lot of people who have low salary but their cash management skill is very high and they are enjoying a happy life.

Those type of people are living their lives beyond their means and that's a wrong approach for their way of living. We can say that it is how they live and they can't afford it based on how much they are earning. If they can't endure for a while until they earn decently to afford everything, they'll always have that fight inside the family about money. It's not that bad to find a way to live comfortably but if you really can't do it for now, you need to be patient and wait until it is enough with how much you're earning. Because if not, too many troubles are going to happen at most times especially with relationships.

[Mahanton]

Making a budget is good habit, and I like those people who make a budget for any step they take in life. I see many people who are poor because they don't make budget, they spend a lot of money by purchasing things that are burden on them. They only want comfort and want life of rich people. They trapped into this. When a person has 250$ salary, he cannot afford a big apartment, but they take a big apartment and then they have to work day and night. This is a big problem that I noticed. And I noticed a lot of people who have low salary but their cash management skill is very high and they are enjoying a happy life.

Those type of people are living their lives beyond their means and that's a wrong approach for their way of living. We can say that it is how they live and they can't afford it based on how much they are earning. If they can't endure for a while until they earn decently to afford everything, they'll always have that fight inside the family about money. It's not that bad to find a way to live comfortably but if you really can't do it for now, you need to be patient and wait until it is enough with how much you're earning. Because if not, too many troubles are going to happen at most times especially with relationships.

They wont really be able to learn those real things in life on the time that they havent been able to encounter or experience hardship on which it would really be just that normal that they would be buying their wants
and wont be minding about the possible risks later on.Just like on what mentioned above that on the time that due date comes then this is where the time that you would really be panicking out specially if you dont something to pay and this is something that should really be avoided in the first place. You should be wise and having that good management when it comes to spending. Only buy on the things which are important or in priority because if you are really that not good on management then you would really be ending up on being poor. You might be living like a king in 1 day but you would really be suffering forever if you arent that wise on taking decisions.
Be wary on your spendings and prioritize on things which like those food,clothing,insurance,saving for emergency on which i could say that these are the main priorities that we should really be focusing into.

[uneng]

they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on.

If you are used to this lifestyle, it's hard to go back. Nobody wants to return to a previous status they were before. It's a rising progressive line in life that makes it rewarding and leads us to self-realization. It's not about the expensive coffee, the girl, restaurant or the drinks. It's about the environment you are attending to and how you feel good to be there. It's inspirational.

You won't feel the same if you attend to the coffee shop where the cup of coffee costs 0,50$, giving up on going out with girls, due to it being expensive, or drinking at a cheap dirty pub. Everyone wants to live the best as they can, so I really don't blame people who are trying to do this their way.

[Bloodseekers]

they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on.

If you are used to this lifestyle, it's hard to go back. Nobody wants to return to a previous status they were before. It's a rising progressive line in life that makes it rewarding and leads us to self-realization. It's not about the expensive coffee, the girl, restaurant or the drinks. It's about the environment you are attending to and how you feel good to be there. It's inspirational.

You won't feel the same if you attend to the coffee shop where the cup of coffee costs 0,50$, giving up on going out with girls, due to it being expensive, or drinking at a cheap dirty pub. Everyone wants to live the best as they can, so I really don't blame people who are trying to do this their way.

In living life, everyone will certainly do what makes them feel comfortable with what they do and does not make other people feel disturbed by what they do, each person has different ways of making themselves happy with what they do so that they are happy. You are right, everyone certainly wants their life to be better than yesterday and of course they do it in their own way.

[zaim7413]

There is no other party to blame other than you, when you know your finances are not okay, why should you increase your lifestyle which makes you run out of money at the end of the month. Managing finances is important to free you from financial problems, one way is by stopping/reducing expenses that are not really needed in order to increase savings at the end of the month.
You must be able to differentiate between wants and needs, spend your money to buy the things you need, not waste it where you don't need it. You must be able to discipline yourself in spending money to maintain financial stability at the end of the month.

[Hamphser]

they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on.

If you are used to this lifestyle, it's hard to go back. Nobody wants to return to a previous status they were before. It's a rising progressive line in life that makes it rewarding and leads us to self-realization. It's not about the expensive coffee, the girl, restaurant or the drinks. It's about the environment you are attending to and how you feel good to be there. It's inspirational.

You won't feel the same if you attend to the coffee shop where the cup of coffee costs 0,50$, giving up on going out with girls, due to it being expensive, or drinking at a cheap dirty pub. Everyone wants to live the best as they can, so I really don't blame people who are trying to do this their way.

In living life, everyone will certainly do what makes them feel comfortable with what they do and does not make other people feel disturbed by what they do, each person has different ways of making themselves happy with what they do so that they are happy. You are right, everyone certainly wants their life to be better than yesterday and of course they do it in their own way.

And also its none others business on what we would gonna do with our money since its ours then we are really that free and its true that there are different things that makes people happy and it would really be
that something that they would really be going into or after because we do have our own decisions in life on which it is really just that normal that we might be able to buy things which arent supposed to be bought or realistically specially if you are someone who is really that in budget but since its a thing that could make you happy then go for it. It is really just that there are people who do really go into various extent that spending on things which arent that good or having sense at all.

Always put up your mind that you should have that emergency funds so that you would really be able to make yourself be prepared if ever there are problems that might encounter.
Dont put up yourself on desperate situation just because you do end up on having no emergency funds on the time problems exist.

[G_Besar]

In living life, everyone will certainly do what makes them feel comfortable with what they do and does not make other people feel disturbed by what they do, each person has different ways of making themselves happy with what they do so that they are happy. You are right, everyone certainly wants their life to be better than yesterday and of course they do it in their own way.

Comfort will not be obtained without hard work, because it will not come by itself if there is no basic effort. Apart from that, several challenges and obstacles can also arise when someone is trying to find comfort in their life even though you yourself said someone would do the work without disturbing other people. But in conditions like now I think it is almost very difficult not to involve other people in most things so that everyone still really needs other people even though they don't intend to disturb them.

[slapper]

In living life, everyone will certainly do what makes them feel comfortable with what they do and does not make other people feel disturbed by what they do, each person has different ways of making themselves happy with what they do so that they are happy. You are right, everyone certainly wants their life to be better than yesterday and of course they do it in their own way.

Comfort will not be obtained without hard work, because it will not come by itself if there is no basic effort. Apart from that, several challenges and obstacles can also arise when someone is trying to find comfort in their life even though you yourself said someone would do the work without disturbing other people. But in conditions like now I think it is almost very difficult not to involve other people in most things so that everyone still really needs other people even though they don't intend to disturb them.

Today's linked world makes self-sufficiency difficult. It's true that working hard is the key to any kind of comfort. Even the hardest employees need assistance. Partnerships, collaborations, and workplace interactions constantly involve others. Due to their interconnectedness, people and businesses' actions affect others, making networks vital to the economy. Our pursuit for comfort shouldn't damage or upset others, therefore we must be mindful. Understanding society's value and dependence on each other might, ironically, make our journeys more comfortable and gratifying

[dothebeats]

In living life, everyone will certainly do what makes them feel comfortable with what they do and does not make other people feel disturbed by what they do, each person has different ways of making themselves happy with what they do so that they are happy. You are right, everyone certainly wants their life to be better than yesterday and of course they do it in their own way.

I have to disagree with you. Even though it is ideally better to choose comfort in various situations, we cannot ultimately grow from it. If an individual chooses to just stay with where or what they are comfortable with then it will be harder for them to grow. Basically, we cannot grow by simply staying where we are and not exploring. The mindset you have stated can mostly only be applicable to those who are already in good standing in life, they can have the luxury to not submit themselves in hardships and stay in a comfortable state because they already have what they need and they are happy with that. Unfortunately, there are individuals who cannot do the same as comfort to them is not the same, comfort to them cannot be the same as it will mean settling for what they have and grown accustomed to and that cannot be enough as life demands more (more money, more effort, and more work) hence they first have to choose to go through difficult trials in order to find the same comfort they deemed fit to stay in.

[xSkylarx]

There is no other party to blame other than you, when you know your finances are not okay, why should you increase your lifestyle which makes you run out of money at the end of the month. Managing finances is important to free you from financial problems, one way is by stopping/reducing expenses that are not really needed in order to increase savings at the end of the month.
You must be able to differentiate between wants and needs, spend your money to buy the things you need, not waste it where you don't need it. You must be able to discipline yourself in spending money to maintain financial stability at the end of the month.

It's because they can't control their wants when they see something on social media they say they want it even if it's useless stuff. Just imagine those people who are changing phones every year. If you are wealthy it is acceptable but if you are just paying it on a monthly basis and still your old phone is working why keep changing new phones? But that is their lifestyle and they choose to struggle financially.

It will always be your fault if you aren't controlling yourself. If you can't hold yourself from spending something even if it is your last penny in your walle how much more If you have huge money in your wallet you won't be saving it as you just want to spend it on all the things you want.

[Uruhara]

In living life, everyone will certainly do what makes them feel comfortable with what they do and does not make other people feel disturbed by what they do, each person has different ways of making themselves happy with what they do so that they are happy. You are right, everyone certainly wants their life to be better than yesterday and of course they do it in their own way.

Comfort will not be obtained without hard work, because it will not come by itself if there is no basic effort. Apart from that, several challenges and obstacles can also arise when someone is trying to find comfort in their life even though you yourself said someone would do the work without disturbing other people. But in conditions like now I think it is almost very difficult not to involve other people in most things so that everyone still really needs other people even though they don't intend to disturb them.

So true. We as social creatures will always need other people. And yes, the process of finding comfort requires hard work. And in the process of working hard in the end we will always be involved with people. It's just that we have to be smart in finding people who have the same goals as us. So that we can help each other without having to feel disturbed by each other. Like with friends and family. Working online may be more likely to keep us from interacting too much directly in the real world and will keep us from disturbing other people in the physical world. But still we will interact in cyberspace. And this type of work can indeed feel more comfortable. I also hope to someday focus on online work. Sometimes interacting too much with too many people makes our mentality tired. And this makes us uncomfortable.

[emulsifryer]

Op what you are trying to narrate is just unnecessary spending or wasteful spending and that could come from anybody no matter where they fall in the economy. The rich do unnecessary spending likewise the poor but I think it is more unreasonable when you see the poor who is living wasteful financial live because those money could have been used for other investment that can help them run away from poverty. The poor are suppose to be the one very careful in their spending.

I don't think extremely poor or wealthy people are not excluded in this matter since in this world in order to survive we all need is money for us to buy our wants and needs. People who spend money for their own desires and satisfaction we are all aware of that already. Poor people are not afraid of loss since they already accepted their situation either they will work hard to become rich unlike those wealthy people what if one day they woke up and end up in a miserable life? Can they accept it?

[CryptopreneurBrainboss]

I don't think extremely poor or wealthy people are not excluded in this matter since in this world in order to survive we all need is money for us to buy our wants and needs.

A mistake the poor make is that they follow the rich and try to belike them when they don't understand the secret the rich keep from them. The rich might be spending money and buying all the things that they want but to you it's unnecessary but to them they are very necessary because they can use those things they buy to get into places that they won't have been let in. The rich might buy a yacht and be let into the club of yacht owners that'll get them opportunity to meet other rich people and they get ideas and other business opportunity that'll make them richer. To you that yacht wasn't necessary and a waste of money but to the rich guy it was an investment and he can always rent out the yatch and be making money as well

Apart from that, several challenges and obstacles can also arise when someone is trying to find comfort in their life even though you yourself said someone would do the work without disturbing other people. But in conditions like now I think it is almost very difficult not to involve other people in most things so that everyone still really needs other people even though they don't intend to disturb them.

The user you're responding to isn't wrong when he said, we should do things that give us comfort but doesn't disturb others. If you noticed what you're doing is disturbing others then move away from where people are to live your comfortable life. People rent island, go into the woods to leave alone so they don't disturb others. It isn't a fair life to some people, don't make it more uncomfortable for them be putting all your wealth in their faces and this is why you see the rich going to live in certain areas and that's so they don't disturb the peace of others. Comfortability can be gotten from different things, some people don't need all the wealth to be happy and comfortable while others need them so in anything we're doing, we should consider others wellbeing too.

[abel1337]

I don't think extremely poor or wealthy people are not excluded in this matter since in this world in order to survive we all need is money for us to buy our wants and needs.

A mistake the poor make is that they follow the rich and try to belike them when they don't understand the secret the rich keep from them. The rich might be spending money and buying all the things that they want but to you it's unnecessary but to them they are very necessary because they can use those things they buy to get into places that they won't have been let in. The rich might buy a yacht and be let into the club of yacht owners that'll get them opportunity to meet other rich people and they get ideas and other business opportunity that'll make them richer. To you that yacht wasn't necessary and a waste of money but to the rich guy it was an investment and he can always rent out the yatch and be making money as well

Yep, they utilize their entertainment to grow their networks. It's a smart way to join in a group of people that has the same status level that you have. Having good connections is one of the way that rich maintain their richness. Rich people just enjoy their money but at the same time thinking about how they can earn something from it. This is why most of the instant millionaires can't be more rich because they only want to experience the money, the way that millionaires lives, most of them just enjoy it at most but don't think on what will they gain from it aside from the happiness from the experience.

[blockman]

I don't think extremely poor or wealthy people are not excluded in this matter since in this world in order to survive we all need is money for us to buy our wants and needs. People who spend money for their own desires and satisfaction we are all aware of that already. Poor people are not afraid of loss since they already accepted their situation either they will work hard to become rich unlike those wealthy people what if one day they woke up and end up in a miserable life? Can they accept it?

That's true about those that are in the poverty threshold. When they wake up, nothing changes and they just have to deal with life again trying to survive and have food on their tables. While the wealthy ones that probably have made their lives miserable and turned their wealthy lives into a nightmare, maybe they won't survive at first but they will adopt the situation as they have no choice but to step up and stand again on their own.
It's actually a debate that people are saying the opposite that if you make a wealthy person poor again, they'll be able to get back in life and will become wealthy again. But if you make a poor person rich, they'll just end up being poor again because they don't know how to manage their wealth and how to maintain it.

[Fakhrulenclix]

Op what you are trying to narrate is just unnecessary spending or wasteful spending and that could come from anybody no matter where they fall in the economy. The rich do unnecessary spending likewise the poor but I think it is more unreasonable when you see the poor who is living wasteful financial live because those money could have been used for other investment that can help them run away from poverty. The poor are suppose to be the one very careful in their spending.

I don't think extremely poor or wealthy people are not excluded in this matter since in this world in order to survive we all need is money for us to buy our wants and needs. People who spend money for their own desires and satisfaction we are all aware of that already. Poor people are not afraid of loss since they already accepted their situation either they will work hard to become rich unlike those wealthy people what if one day they woke up and end up in a miserable life? Can they accept it?

Everyone has a different way of spending their money, some use their money well and there are also those who use it so uncontrollably that they regret it when their money is gone. Currently, there are many people who do several jobs to generate more income so that they can meet their needs and very few can control their spending on things they don't need, so it is necessary to have good knowledge of financial management so that they can use their money wisely. well so that they can invest with their money to get profit from their investment.

[bayu7adi]

Indeed, everyone has their own lifestyle, but exercising wisdom in spending money is a commendable practice. It's true that not everyone earns the same, and some may earn very little, but everyone still has the capacity to seek additional income to meet their needs. It's not advisable to do the opposite, which is squandering one's salary like a spendthrift.

Individuals working in companies and earning insufficient salaries often allocate their money towards their lifestyle. If lifestyle expenses can be restrained, and if one chooses to socialize with more modest friends, it can certainly alter the expected end result. For instance, if a $7 coffee fails to provide a positive return, it's better off left behind.

[red4slash]

Indeed, everyone has their own lifestyle, but exercising wisdom in spending money is a commendable practice. It's true that not everyone earns the same, and some may earn very little, but everyone still has the capacity to seek additional income to meet their needs. It's not advisable to do the opposite, which is squandering one's salary like a spendthrift.

Individuals working in companies and earning insufficient salaries often allocate their money towards their lifestyle. If lifestyle expenses can be restrained, and if one chooses to socialize with more modest friends, it can certainly alter the expected end result. For instance, if a $7 coffee fails to provide a positive return, it's better off left behind.

No matter how much money we make each month, it will run out or even not be enough if we have an extravagant lifestyle. Conversely, no matter how small our income is, if we can manage it well then it will be enough. I often see people around me who have a small income, they can live their lives calmly, even they already have a wife and children, and I also often see some of my friends who have a high income he still struggles every month because of extravagant living habits. I understand that among us must have different lifestyles, it is no problem as long as we can manage finances well.

[Bananington]

Indeed, everyone has their own lifestyle, but exercising wisdom in spending money is a commendable practice. It's true that not everyone earns the same, and some may earn very little, but everyone still has the capacity to seek additional income to meet their needs. It's not advisable to do the opposite, which is squandering one's salary like a spendthrift.

Individuals working in companies and earning insufficient salaries often allocate their money towards their lifestyle. If lifestyle expenses can be restrained, and if one chooses to socialize with more modest friends, it can certainly alter the expected end result. For instance, if a $7 coffee fails to provide a positive return, it's better off left behind.

No matter how much money we make each month, it will run out or even not be enough if we have an extravagant lifestyle. Conversely, no matter how small our income is, if we can manage it well then it will be enough. I often see people around me who have a small income, they can live their lives calmly, even they already have a wife and children, and I also often see some of my friends who have a high income he still struggles every month because of extravagant living habits. I understand that among us must have different lifestyles, it is no problem as long as we can manage finances well.

Well, money always gets exhausted mostly when it is always assured. When it is gotten after so much work and stress and pain, the spending of it comes with knowledge and technicality.
For those who are married, spending money is a daily chore but the important thing is to always keep some aside for a rainy day, because it can rain anyday and it might be on the day when the paycheck is late or too early and already spent.

[Dickiy]

No matter how much money we make each month, it will run out or even not be enough if we have an extravagant lifestyle. Conversely, no matter how small our income is, if we can manage it well then it will be enough. I often see people around me who have a small income, they can live their lives calmly, even they already have a wife and children, and I also often see some of my friends who have a high income he still struggles every month because of extravagant living habits. I understand that among us must have different lifestyles, it is no problem as long as we can manage finances well.

Well, money always gets exhausted mostly when it is always assured. When it is gotten after so much work and stress and pain, the spending of it comes with knowledge and technicality.
For those who are married, spending money is a daily chore but the important thing is to always keep some aside for a rainy day, because it can rain anyday and it might be on the day when the paycheck is late or too early and already spent.

Management in any case will be something better, especially managing the expenditure and income of money in terms of daily needs. Well you said something that is in accordance with the facts, which is that we need to work hard to sweat and even experience pain to be able to get the money, and well here is the important point. I'm sure you don't want to spend a month's worth of work just for one day, that's an unnecessary waste. It's important to think about it and consider it, I hope you can save your budget by buying only what you need and don't indulge in what you want that you don't really need. If you do have a little money from the rest of the monthly shopping then you better go to save and save it, as we know something that cannot be predicted can happen in the future, and you do it to be able to minimize the situation when you really need money urgently, you can use the savings.

But well on the other hand you are also okay if you want to enjoy the money for example to go on vacation with family, indirectly it is an effort to appreciate your struggle as a hard worker in earning income. Right, the point is we have to be able to divide for every need.

[dothebeats]

Indeed, everyone has their own lifestyle, but exercising wisdom in spending money is a commendable practice. It's true that not everyone earns the same, and some may earn very little, but everyone still has the capacity to seek additional income to meet their needs. It's not advisable to do the opposite, which is squandering one's salary like a spendthrift.

Individuals working in companies and earning insufficient salaries often allocate their money towards their lifestyle. If lifestyle expenses can be restrained, and if one chooses to socialize with more modest friends, it can certainly alter the expected end result. For instance, if a $7 coffee fails to provide a positive return, it's better off left behind.

I agree with you. Since it is general knowledge that not everyone earns the same and have different lifestyle, we should also know that we have different financially capacity, meaning some of us can afford to spend on things others can't. Hence, in order for us to have a better standing in finance then we should find ways to increase our income.

[uswa56]

Indeed, everyone has their own lifestyle, but exercising wisdom in spending money is a commendable practice. It's true that not everyone earns the same, and some may earn very little, but everyone still has the capacity to seek additional income to meet their needs. It's not advisable to do the opposite, which is squandering one's salary like a spendthrift.

Individuals working in companies and earning insufficient salaries often allocate their money towards their lifestyle. If lifestyle expenses can be restrained, and if one chooses to socialize with more modest friends, it can certainly alter the expected end result. For instance, if a $7 coffee fails to provide a positive return, it's better off left behind.

No matter how much money we make each month, it will run out or even not be enough if we have an extravagant lifestyle. Conversely, no matter how small our income is, if we can manage it well then it will be enough. I often see people around me who have a small income, they can live their lives calmly, even they already have a wife and children, and I also often see some of my friends who have a high income he still struggles every month because of extravagant living habits. I understand that among us must have different lifestyles, it is no problem as long as we can manage finances well.

Everyone who works will of course get income from what they have done, but if they can manage their finances well then this will be very beneficial for those with high incomes and low incomes and if they cannot manage their expenses no matter how much their income will be it is very difficult to meet their needs. I really agree with you, everyone has a different lifestyle, there are those who are able to live simply even though they have a high income and there are also those who have a low income but force themselves to look luxurious so that the income they get will not be enough to meet their needs them a month.

[fullhdpixel]

In living life, everyone will certainly do what makes them feel comfortable with what they do and does not make other people feel disturbed by what they do, each person has different ways of making themselves happy with what they do so that they are happy. You are right, everyone certainly wants their life to be better than yesterday and of course they do it in their own way.

Comfort will not be obtained without hard work, because it will not come by itself if there is no basic effort. Apart from that, several challenges and obstacles can also arise when someone is trying to find comfort in their life even though you yourself said someone would do the work without disturbing other people. But in conditions like now I think it is almost very difficult not to involve other people in most things so that everyone still really needs other people even though they don't intend to disturb them.

Well, not everyone gets the privilege to have a comfortable life whether it's their personal life or professional life. There are millions or billions of people who are doing jobs that they don't really like, but they do it because they don't have a lot of choices to make, they don't have savings to start doing what they like, and they can't just leave their jobs to find comfort in their lives as they have other people who are dependent on them like their family.

So, some people might do whatever they can to live a comfortable life, and that is because they are privileged to have this ability which everyone doesn't have. You can't have a comfortable life if you are not satisfied with everything you have and always want more, and you can only get more if you are earning a lot of money which is not the case with everyone.

[red4slash]

No matter how much money we make each month, it will run out or even not be enough if we have an extravagant lifestyle. Conversely, no matter how small our income is, if we can manage it well then it will be enough. I often see people around me who have a small income, they can live their lives calmly, even they already have a wife and children, and I also often see some of my friends who have a high income he still struggles every month because of extravagant living habits. I understand that among us must have different lifestyles, it is no problem as long as we can manage finances well.

Everyone who works will of course get income from what they have done, but if they can manage their finances well then this will be very beneficial for those with high incomes and low incomes and if they cannot manage their expenses no matter how much their income will be it is very difficult to meet their needs. I really agree with you, everyone has a different lifestyle, there are those who are able to live simply even though they have a high income and there are also those who have a low income but force themselves to look luxurious so that the income they get will not be enough to meet their needs them a month.

We must understand that we may want to live a decent life and have all our needs met but on the other hand we must realise that we cannot try to exceed the income we get by spending more because this will make you always feel inadequate.
We must think of good management in this case because basically the income we have from salary can be sufficient even more than our needs but our desire for something more is what makes our income feel small because it is not comparable to the expenses we make.

Is it the fault of the economic system and inflation? it may be one of the acceptable reasons but in the end we also have to reflect on ourselves whether we can manage our finances well or not.

[DVlog]

No matter how much money we make each month, it will run out or even not be enough if we have an extravagant lifestyle. Conversely, no matter how small our income is, if we can manage it well then it will be enough. I often see people around me who have a small income, they can live their lives calmly, even they already have a wife and children, and I also often see some of my friends who have a high income he still struggles every month because of extravagant living habits. I understand that among us must have different lifestyles, it is no problem as long as we can manage finances well.

Everyone who works will of course get income from what they have done, but if they can manage their finances well then this will be very beneficial for those with high incomes and low incomes and if they cannot manage their expenses no matter how much their income will be it is very difficult to meet their needs. I really agree with you, everyone has a different lifestyle, there are those who are able to live simply even though they have a high income and there are also those who have a low income but force themselves to look luxurious so that the income they get will not be enough to meet their needs them a month.

We must understand that we may want to live a decent life and have all our needs met but on the other hand we must realise that we cannot try to exceed the income we get by spending more because this will make you always feel inadequate.
We must think of good management in this case because basically the income we have from salary can be sufficient even more than our needs but our desire for something more is what makes our income feel small because it is not comparable to the expenses we make.

Is it the fault of the economic system and inflation? it may be one of the acceptable reasons but in the end we also have to reflect on ourselves whether we can manage our finances well or not.

We should choose our standard of living based on our wages. Human needs and demands have no limits. The more he gets, the more he wants, so we should be realistic and pre-defined in our minds. That is my goal. If I get this, it will be enough for me. If we chase our desire and try to fulfill it with whatever wages we get, it will always be inadequate. Some people manage their families monthly expenses with an amount that can be someone's daily expenses.

[Vaskiy]

Lifestyle change is a big problem that is found with most of the people. When does this happen? Mostly it happens when a person gets into a better position earning $1500 from $700 in the previous month. This gives him the choice to spend. Here most of them doesn't follow strict guidelines and end up borrowing at the month end. In some cases, they manage everything within it, but the savings will be the same as when he earned $700. There is nothing good or there is no room for improvement.

[usekevin]

Lifestyle change is a big problem that is found with most of the people. When does this happen? Mostly it happens when a person gets into a better position earning $1500 from $700 in the previous month. This gives him the choice to spend. Here most of them doesn't follow strict guidelines and end up borrowing at the month end. In some cases, they manage everything within it, but the savings will be the same as when he earned $700. There is nothing good or there is no room for improvement.

Earning the 1500 from the 700 dollars is like the double the money from the previous month.So the person who try this should double their earning sources from two to three or four.The multiple income source alone help the people to multiple their money earning.The person should ready to spend their time in the work to earn more.The spending should reduce on the next month which will save some dollars to reach their monthly target of 1500 dollars from the 700 dollars from the previous month.

[blockman]

Lifestyle change is a big problem that is found with most of the people. When does this happen? Mostly it happens when a person gets into a better position earning $1500 from $700 in the previous month. This gives him the choice to spend. Here most of them doesn't follow strict guidelines and end up borrowing at the month end.

This is a problem of many and I have seen this many of my countrymen. I even grew up in a simple family that doesn't have much in life but fortunately, I know how to spend wisely and my lifestyle is still just the same as before. But to those that also have a lifestyle inflation. They're spending a lot of money to things that are fulfilling their childhood dreams and they're buying things that they can't buy before when they're younger or when they're still poor.

In some cases, they manage everything within it, but the savings will be the same as when he earned $700. There is nothing good or there is no room for improvement.

And not only that, they'll either get some loan for the other expensive things that they wanna buy. Since they've got jobs to pay for that, the mindset is that they can pay it even by taking a loan because they've got a bi-weekly or monthly salary that will have as a routine in calendar.

[xSkylarx]

Lifestyle change is a big problem that is found with most of the people. When does this happen? Mostly it happens when a person gets into a better position earning $1500 from $700 in the previous month. This gives him the choice to spend. Here most of them doesn't follow strict guidelines and end up borrowing at the month end. In some cases, they manage everything within it, but the savings will be the same as when he earned $700. There is nothing good or there is no room for improvement.

The higher income you get the more you spend. This is really what I heard most and saw in my previous workmates who got promoted. When they get their first big salary higher than their previous one they tend to spend it and say that it is their prize for having a promotion and they should celebrate which is not wrong as it is your first salary in that position but if you do it on a monthly basis after receiving your salary then that is not good because that is the time to save. Just imagine you'll be able to survive on your previous low salary. How much more on the bigger one? So you should save because you'll regret it later on if you need some money.

[summonerrk]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

That's right, such a problem is found everywhere. This is called spontaneous spending. For example, you want a smart watch for yourself, but you understand that it is expensive and do not buy them. Then some event happens in your life that pushes you to this purchase, for example, your friend bought himself such a watch and brags. And then you go and buy them. At the same time, later regretting, because this money could have been invested. From this way of thinking, it helps to keep a diary with all expenses and earnings.
I do that.

[red4slash]

We must understand that we may want to live a decent life and have all our needs met but on the other hand we must realise that we cannot try to exceed the income we get by spending more because this will make you always feel inadequate.
We must think of good management in this case because basically the income we have from salary can be sufficient even more than our needs but our desire for something more is what makes our income feel small because it is not comparable to the expenses we make.

Is it the fault of the economic system and inflation? it may be one of the acceptable reasons but in the end we also have to reflect on ourselves whether we can manage our finances well or not.

We should choose our standard of living based on our wages. Human needs and demands have no limits. The more he gets, the more he wants, so we should be realistic and pre-defined in our minds. That is my goal. If I get this, it will be enough for me. If we chase our desire and try to fulfill it with whatever wages we get, it will always be inadequate. Some people manage their families monthly expenses with an amount that can be someone's daily expenses.

I don't think it's wise to have that kind of thinking, I mean when you say we should choose our standard of living based on our wages or income. Indeed, I will not deny that when a person's income is large, the greater the costs they spend on living needs, I don't know exactly why this happens, but what I see is always displayed as I said.
For me, when we have a higher income than most people every month, it is an opportunity for us to prepare for the future. We don't know how long we will have a high income, and preparing for the future is the best option compared to raising the standard of living.

[xSkylarx]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

That's right, such a problem is found everywhere. This is called spontaneous spending. For example, you want a smart watch for yourself, but you understand that it is expensive and do not buy them. Then some event happens in your life that pushes you to this purchase, for example, your friend bought himself such a watch and brags. And then you go and buy them. At the same time, later regretting, because this money could have been invested. From this way of thinking, it helps to keep a diary with all expenses and earnings.
I do that.

If the purpose is valid then it is okay but most of us have just seen it somewhere like from a friend or on social media. We tend to want it already even if it is useless to you. Let's say you want a smart watch as it is needed for your productivity at work. That's good but if it's just for fancy things that's not good.

If we do have tons of money that makes it impossible to go broke then it is okay to have those kinds of fancy things but if we are just struggling financially then it is not good as it makes us more stressed.

[n0ne]

We must understand that we may want to live a decent life and have all our needs met but on the other hand we must realise that we cannot try to exceed the income we get by spending more because this will make you always feel inadequate.
We must think of good management in this case because basically the income we have from salary can be sufficient even more than our needs but our desire for something more is what makes our income feel small because it is not comparable to the expenses we make.

Is it the fault of the economic system and inflation? it may be one of the acceptable reasons but in the end we also have to reflect on ourselves whether we can manage our finances well or not.

We should choose our standard of living based on our wages. Human needs and demands have no limits. The more he gets, the more he wants, so we should be realistic and pre-defined in our minds. That is my goal. If I get this, it will be enough for me. If we chase our desire and try to fulfill it with whatever wages we get, it will always be inadequate. Some people manage their families monthly expenses with an amount that can be someone's daily expenses.

I don't think it's wise to have that kind of thinking, I mean when you say we should choose our standard of living based on our wages or income. Indeed, I will not deny that when a person's income is large, the greater the costs they spend on living needs, I don't know exactly why this happens, but what I see is always displayed as I said.
For me, when we have a higher income than most people every month, it is an opportunity for us to prepare for the future. We don't know how long we will have a high income, and preparing for the future is the best option compared to raising the standard of living.

Agreed with the thought of preparing ourselves for the better future than raising the standard of living. Not everyone follow this, because when a person have a transition to a better position he/she will try to keep themselves along with the trend. In simple words a person who prefer using low brand dresses and accessories will move for a better brand. There won't be much changes, but small changes here and there on a combined valuation looks big against the wage. This depends between the people and the better part is to concentrate on maximizing savings/investment and limit the spending.

[poodle63]

Lifestyle change is a big problem that is found with most of the people. When does this happen? Mostly it happens when a person gets into a better position earning $1500 from $700 in the previous month. This gives him the choice to spend. Here most of them doesn't follow strict guidelines and end up borrowing at the month end. In some cases, they manage everything within it, but the savings will be the same as when he earned $700. There is nothing good or there is no room for improvement.

thats true the inflation of the lifestyle is definitely a concern nowadays, mainly because some people are having lifestyle change following the increase in their income which can be disastrous if the money they earned always getting spent for something useless following the lifestyle.
imagine earning from $1000 to making some earning about $2000 but can't save because lifestyle is also increasing.
this is why spending responsibly nowaday might even be considered a skill because it takes patience on its own to avoid getting carried away by such lifestyle.

[dunfida]

We must understand that we may want to live a decent life and have all our needs met but on the other hand we must realise that we cannot try to exceed the income we get by spending more because this will make you always feel inadequate.
We must think of good management in this case because basically the income we have from salary can be sufficient even more than our needs but our desire for something more is what makes our income feel small because it is not comparable to the expenses we make.

Is it the fault of the economic system and inflation? it may be one of the acceptable reasons but in the end we also have to reflect on ourselves whether we can manage our finances well or not.

We should choose our standard of living based on our wages. Human needs and demands have no limits. The more he gets, the more he wants, so we should be realistic and pre-defined in our minds. That is my goal. If I get this, it will be enough for me. If we chase our desire and try to fulfill it with whatever wages we get, it will always be inadequate. Some people manage their families monthly expenses with an amount that can be someone's daily expenses.

I don't think it's wise to have that kind of thinking, I mean when you say we should choose our standard of living based on our wages or income. Indeed, I will not deny that when a person's income is large, the greater the costs they spend on living needs, I don't know exactly why this happens, but what I see is always displayed as I said.
For me, when we have a higher income than most people every month, it is an opportunity for us to prepare for the future. We don't know how long we will have a high income, and preparing for the future is the best option compared to raising the standard of living.

Agreed with the thought of preparing ourselves for the better future than raising the standard of living. Not everyone follow this, because when a person have a transition to a better position he/she will try to keep themselves along with the trend. In simple words a person who prefer using low brand dresses and accessories will move for a better brand. There won't be much changes, but small changes here and there on a combined valuation looks big against the wage. This depends between the people and the better part is to concentrate on maximizing savings/investment and limit the spending.

Raising your standard of living is really that something like a suicide specially if your income source isnt really that something that could be able to compensate such changes and this is something that you do really need to look on before making out such step but we know that common human being mistake or errors is that on the time that they do earn more than on what they do earn in the past then they would automatically be changing up their standards without even trying out to realize that it cant really be able to sustain. Why i would say so? I have made out that kind of mistake which i did really regret after wards on which i did really make out that hard lesson learned on the time that i had devastated my financial situation and goodness i do able to resolve it out on the time that i did make out some adjustments and this is something that you would really be needing to do so.

Dont spend into those things which arent really that useful or relevant. Somewhat its not really that bad on buying up your wants or something like this but of course it would really be on that controlled manner.
Everything which is excess and not necessary would really be just that a complete waste and something it isnt really that recommended on doing so specially if your funds
arent really that big or something that could sustain where youre spending is more than on what you do earn. You would go overdropped.

[flyingcarpet]

Lifestyle change is a big problem that is found with most of the people. When does this happen? Mostly it happens when a person gets into a better position earning $1500 from $700 in the previous month. This gives him the choice to spend. Here most of them doesn't follow strict guidelines and end up borrowing at the month end. In some cases, they manage everything within it, but the savings will be the same as when he earned $700. There is nothing good or there is no room for improvement.

thats true the inflation of the lifestyle is definitely a concern nowadays, mainly because some people are having lifestyle change following the increase in their income which can be disastrous if the money they earned always getting spent for something useless following the lifestyle.
imagine earning from $1000 to making some earning about $2000 but can't save because lifestyle is also increasing.
this is why spending responsibly nowaday might even be considered a skill because it takes patience on its own to avoid getting carried away by such lifestyle.

I think that every person who earns an income should save. But when one's income increases, one stops saving and wants to buy the things one wants. He even wants to buy things he does not need and spend what he earns. The important point to be considered here is this. This spending should not continue continuously. In other words, even if he does not save for a while, he should continue to save again later.

In general, everyone needs to be cautious about spending. That is, we should organize our spending and avoid spending money on unnecessary things.

[summonerrk]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

That's right, such a problem is found everywhere. This is called spontaneous spending. For example, you want a smart watch for yourself, but you understand that it is expensive and do not buy them. Then some event happens in your life that pushes you to this purchase, for example, your friend bought himself such a watch and brags. And then you go and buy them. At the same time, later regretting, because this money could have been invested. From this way of thinking, it helps to keep a diary with all expenses and earnings.
I do that.

If the purpose is valid then it is okay but most of us have just seen it somewhere like from a friend or on social media. We tend to want it already even if it is useless to you. Let's say you want a smart watch as it is needed for your productivity at work. That's good but if it's just for fancy things that's not good.

If we do have tons of money that makes it impossible to go broke then it is okay to have those kinds of fancy things but if we are just struggling financially then it is not good as it makes us more stressed.

We live in an era of consumption, when people with a good standard of living buy things without even thinking about whether they need these things or not.
I make these purchases in order to show others my status. And for this, many people are willing to shell out huge amounts of money just to show off how much they can spend. This is called a consumer society. I believe that you need to buy only the necessary things, as is customary, for example, in Sweden or Norway, where people choose only really practical things. Which will serve these people for a long period of time without breaking. This approach also makes it possible to solve the problem of ecology and uncontrolled use of resources on our planet.

[DVlog]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

That's right, such a problem is found everywhere. This is called spontaneous spending. For example, you want a smart watch for yourself, but you understand that it is expensive and do not buy them. Then some event happens in your life that pushes you to this purchase, for example, your friend bought himself such a watch and brags. And then you go and buy them. At the same time, later regretting, because this money could have been invested. From this way of thinking, it helps to keep a diary with all expenses and earnings.
I do that.

If the purpose is valid then it is okay but most of us have just seen it somewhere like from a friend or on social media. We tend to want it already even if it is useless to you. Let's say you want a smart watch as it is needed for your productivity at work. That's good but if it's just for fancy things that's not good.

If we do have tons of money that makes it impossible to go broke then it is okay to have those kinds of fancy things but if we are just struggling financially then it is not good as it makes us more stressed.

We live in an era of consumption, when people with a good standard of living buy things without even thinking about whether they need these things or not.
I make these purchases in order to show others my status. And for this, many people are willing to shell out huge amounts of money just to show off how much they can spend. This is called a consumer society. I believe that you need to buy only the necessary things, as is customary, for example, in Sweden or Norway, where people choose only really practical things. Which will serve these people for a long period of time without breaking. This approach also makes it possible to solve the problem of ecology and uncontrolled use of resources on our planet.

Unnecessary spending has become a bad habit in our community. People want to show off how rich they are. They think this shows their capability and ability to do whatever they want, but they end up in debt and broke. If your monthly expense is $40,000, then you need to have sources that can bear this consumption rate. People wanted to spend money on fancy things until their pockets were empty.

[slapper]

~snip~

Raising your standard of living is really that something like a suicide specially if your income source isnt really that something that could be able to compensate such changes and this is something that you do really need to look on before making out such step but we know that common human being mistake or errors is that on the time that they do earn more than on what they do earn in the past then they would automatically be changing up their standards without even trying out to realize that it cant really be able to sustain. Why i would say so? I have made out that kind of mistake which i did really regret after wards on which i did really make out that hard lesson learned on the time that i had devastated my financial situation and goodness i do able to resolve it out on the time that i did make out some adjustments and this is something that you would really be needing to do so.

Dont spend into those things which arent really that useful or relevant. Somewhat its not really that bad on buying up your wants or something like this but of course it would really be on that controlled manner.
Everything which is excess and not necessary would really be just that a complete waste and something it isnt really that recommended on doing so specially if your funds
arent really that big or something that could sustain where youre spending is more than on what you do earn. You would go overdropped.

The temptation to upgrade our lifestyles when we earn more is pretty common, and many fall into this trap. It's crucial, just like you said, to assess whether the increase in income is sustainable before making such decisions. If the new income source isn't steady, it's a serious risk to adjust our spending upwards

Unexpected financial hurdles can pop up at any time. It's always a sound plan to save more when we earn more, rather than increasing our expenses. Allocating funds for emergencies, future plans, and investments should take precedence. It's also vital to differentiate between wants and needs. Buying non-essential items should be a controlled action, not a regular habit. Prioritizing financial stability and security will lay a solid foundation for a comfortable future, preventing the distress of financial instability. Your insight is valuable and serves as a prudent reminder for many

[dothebeats]

~snip~

Raising your standard of living is really that something like a suicide specially if your income source isnt really that something that could be able to compensate such changes and this is something that you do really need to look on before making out such step but we know that common human being mistake or errors is that on the time that they do earn more than on what they do earn in the past then they would automatically be changing up their standards without even trying out to realize that it cant really be able to sustain. Why i would say so? I have made out that kind of mistake which i did really regret after wards on which i did really make out that hard lesson learned on the time that i had devastated my financial situation and goodness i do able to resolve it out on the time that i did make out some adjustments and this is something that you would really be needing to do so.

Dont spend into those things which arent really that useful or relevant. Somewhat its not really that bad on buying up your wants or something like this but of course it would really be on that controlled manner.
Everything which is excess and not necessary would really be just that a complete waste and something it isnt really that recommended on doing so specially if your funds
arent really that big or something that could sustain where youre spending is more than on what you do earn. You would go overdropped.

The temptation to upgrade our lifestyles when we earn more is pretty common, and many fall into this trap. It's crucial, just like you said, to assess whether the increase in income is sustainable before making such decisions. If the new income source isn't steady, it's a serious risk to adjust our spending upwards

Unexpected financial hurdles can pop up at any time. It's always a sound plan to save more when we earn more, rather than increasing our expenses. Allocating funds for emergencies, future plans, and investments should take precedence. It's also vital to differentiate between wants and needs. Buying non-essential items should be a controlled action, not a regular habit. Prioritizing financial stability and security will lay a solid foundation for a comfortable future, preventing the distress of financial instability. Your insight is valuable and serves as a prudent reminder for many

I agree with you. In most cases, when an individual's income gets a significat raise they tend to adjust their spendings as well. Humans are greedy and will never be satisfied, once they get something good they adjust their needs as well. The problem with this is we will never get the stability we want if we continue being like this. To make it simple, say if we continue adjusting our spendings with how much the raise of our income goes, it will never look and feel that we are getting more cause we are spending just the same. If I am earning 100$ a day and I am spending 50$ a day then I will only save 50$, then if I get a raise and my daily earnings goes to 150$ and I adjust my spending to 100$ because of that raise, in the end I will only be able to save the same amount as before.

[barisbilgili]

I agree with you. In most cases, when an individual's income gets a significat raise they tend to adjust their spendings as well. Humans are greedy and will never be satisfied, once they get something good they adjust their needs as well. The problem with this is we will never get the stability we want if we continue being like this. To make it simple, say if we continue adjusting our spendings with how much the raise of our income goes, it will never look and feel that we are getting more cause we are spending just the same. If I am earning 100$ a day and I am spending 50$ a day then I will only save 50$, then if I get a raise and my daily earnings goes to 150$ and I adjust my spending to 100$ because of that raise, in the end I will only be able to save the same amount as before.

Adjusting the expenses of the income we receive is indeed very difficult to do, but if they cannot manage their expenses well then no matter how much income we get, we will not be able to save, this will really make things difficult for us if we need unexpected needs so we don't have money to meet our needs. Yes, you are right, humans are greedy as you describe, when their salary increases, their desires also increase, so they keep saving the same amount and they use their money for things they don't need. I think it would be better if our income increases so that the amount of money we use to save does not increase with lifestyle.

[Dickiy]

I agree with you. In most cases, when an individual's income gets a significat raise they tend to adjust their spendings as well. Humans are greedy and will never be satisfied, once they get something good they adjust their needs as well. The problem with this is we will never get the stability we want if we continue being like this. To make it simple, say if we continue adjusting our spendings with how much the raise of our income goes, it will never look and feel that we are getting more cause we are spending just the same. If I am earning 100$ a day and I am spending 50$ a day then I will only save 50$, then if I get a raise and my daily earnings goes to 150$ and I adjust my spending to 100$ because of that raise, in the end I will only be able to save the same amount as before.

Adjusting the expenses of the income we receive is indeed very difficult to do, but if they cannot manage their expenses well then no matter how much income we get, we will not be able to save, this will really make things difficult for us if we need unexpected needs so we don't have money to meet our needs. Yes, you are right, humans are greedy as you describe, when their salary increases, their desires also increase, so they keep saving the same amount and they use their money for things they don't need. I think it would be better if our income increases so that the amount of money we use to save does not increase with lifestyle.

Well it is quite difficult to do especially for people who do not have a good personality, in the sense that they do not like all the rules and of course they will definitely have difficulty in balancing income and expenses. And it is also not uncommon for them to sometimes misinterpret whether it is their wants or needs, usually they are always trapped in things that are actually just their desires not necessarily needs that really have a big role for their lives, usually like that.

Well that's very true, therefore it is very important for anyone to keep balancing their income and expenses, don't let them ignore this very important thing, it is very clear if they can't fix it then they won't have any money at all if something urgent happens in the future, and also clearly they won't be able to predict what will happen. Learn to save and save from now on, because it's the best solution to minimize the risk if unexpected things happen in the future, I think it's indeed a better way for you to save than going to borrow from others or even to the bank.

[Mahanton]

~snip~

Raising your standard of living is really that something like a suicide specially if your income source isnt really that something that could be able to compensate such changes and this is something that you do really need to look on before making out such step but we know that common human being mistake or errors is that on the time that they do earn more than on what they do earn in the past then they would automatically be changing up their standards without even trying out to realize that it cant really be able to sustain. Why i would say so? I have made out that kind of mistake which i did really regret after wards on which i did really make out that hard lesson learned on the time that i had devastated my financial situation and goodness i do able to resolve it out on the time that i did make out some adjustments and this is something that you would really be needing to do so.

Dont spend into those things which arent really that useful or relevant. Somewhat its not really that bad on buying up your wants or something like this but of course it would really be on that controlled manner.
Everything which is excess and not necessary would really be just that a complete waste and something it isnt really that recommended on doing so specially if your funds
arent really that big or something that could sustain where youre spending is more than on what you do earn. You would go overdropped.

The temptation to upgrade our lifestyles when we earn more is pretty common, and many fall into this trap. It's crucial, just like you said, to assess whether the increase in income is sustainable before making such decisions. If the new income source isn't steady, it's a serious risk to adjust our spending upwards

Unexpected financial hurdles can pop up at any time. It's always a sound plan to save more when we earn more, rather than increasing our expenses. Allocating funds for emergencies, future plans, and investments should take precedence. It's also vital to differentiate between wants and needs. Buying non-essential items should be a controlled action, not a regular habit. Prioritizing financial stability and security will lay a solid foundation for a comfortable future, preventing the distress of financial instability. Your insight is valuable and serves as a prudent reminder for many

I agree with you. In most cases, when an individual's income gets a significat raise they tend to adjust their spendings as well. Humans are greedy and will never be satisfied, once they get something good they adjust their needs as well. The problem with this is we will never get the stability we want if we continue being like this. To make it simple, say if we continue adjusting our spendings with how much the raise of our income goes, it will never look and feel that we are getting more cause we are spending just the same. If I am earning 100$ a day and I am spending 50$ a day then I will only save 50$, then if I get a raise and my daily earnings goes to 150$ and I adjust my spending to 100$ because of that raise, in the end I will only be able to save the same amount as before.

If you do have this kind of behavior then for sure you would really be ending up with some financial struggle specially if you dont able to make some savings or emergency funds which you wont really be likely to mind on specially if you do know that you do have lots of money on where savings wont really be included into your plans or something with your vocabulary on which you would be seeing this to be non relevant but on the time that you are already on the verge of financial problems or hiccups then this is where you would really be able to realize of its relevance and this is something that should have done earlier. Ive seen tons of people around me
on which they had made out some money whether from some job promotion or having those kind of temporal wins or bonuses then they do really immediately changed up their lifestyle on which its been upgraded
which its not really that ideal on doing so considering that those arent really that sustainable or something temporal and if you do get used into that upgraded kind of living then getting back into those old stuff
then it is really that a hard adjustment but on the time that you dont really have no choice then you would really be dealing with it and this is where regrets do starts to kick in that
you should havent done that.

[blockman]

I think that every person who earns an income should save. But when one's income increases, one stops saving and wants to buy the things one wants. He even wants to buy things he does not need and spend what he earns. The important point to be considered here is this. This spending should not continue continuously. In other words, even if he does not save for a while, he should continue to save again later.

We have to save even if you don't like the idea of saving that in the bank, you need to practice saving. It is not just all about saving money in the bank but the activity of saving is what you're embedding to yourself. But there must be a reason why you save. Either to buy something in the future but it's a low-key reason because many savers today are saving to invest.

In general, everyone needs to be cautious about spending. That is, we should organize our spending and avoid spending money on unnecessary things.

Making a list will help you determine your spending habits. Some expenditures may be unnecessary but you're not noticing it because you're just ignoring it. But when it's getting a larger part of your savings or salary, you'll be able to act on it and will stop that unnecessary spending habits.

[AmoreJaz]

I think that every person who earns an income should save. But when one's income increases, one stops saving and wants to buy the things one wants. He even wants to buy things he does not need and spend what he earns. The important point to be considered here is this. This spending should not continue continuously. In other words, even if he does not save for a while, he should continue to save again later.

We have to save even if you don't like the idea of saving that in the bank, you need to practice saving. It is not just all about saving money in the bank but the activity of saving is what you're embedding to yourself. But there must be a reason why you save. Either to buy something in the future but it's a low-key reason because many savers today are saving to invest.

In general, everyone needs to be cautious about spending. That is, we should organize our spending and avoid spending money on unnecessary things.

Making a list will help you determine your spending habits. Some expenditures may be unnecessary but you're not noticing it because you're just ignoring it. But when it's getting a larger part of your savings or salary, you'll be able to act on it and will stop that unnecessary spending habits.

or if you feel you are not comfortable depositing your extra funds in the bank, you can opt to buy tangible assets and will serve as investments. like precious metals, real-estate and other assets that you think of value and has the potential to further increase its market value.
the pointer of having a list is indeed helpful. you can also see which items are unnecessary and where you can cut your expenses.

[blockman]

I think that every person who earns an income should save. But when one's income increases, one stops saving and wants to buy the things one wants. He even wants to buy things he does not need and spend what he earns. The important point to be considered here is this. This spending should not continue continuously. In other words, even if he does not save for a while, he should continue to save again later.

We have to save even if you don't like the idea of saving that in the bank, you need to practice saving. It is not just all about saving money in the bank but the activity of saving is what you're embedding to yourself. But there must be a reason why you save. Either to buy something in the future but it's a low-key reason because many savers today are saving to invest.

or if you feel you are not comfortable depositing your extra funds in the bank, you can opt to buy tangible assets and will serve as investments. like precious metals, real-estate and other assets that you think of value and has the potential to further increase its market value.

Yeah, those are investments and assets that we can convert our money/cash into a better and more valuable thing. That's what it means about saving to invest.
You buy those things if you're able to buy them although real estate is really requiring higher capital for it, why not if you can afford it right? As long as you've got the capital to start with and that's what you have saved for. The value of it is increasing on a yearly basis as long as there's no bubble setup that's being done in your area.

[Y3shot]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

Lack of planning,  impulse spending and proper planning are some major financial mistakes most persons make. We keep trying to secure a better future especially with the rate at which the economy is dwindling and unstable, but that will not be possible if anyone will be so unwise  to continue living in a frivolous pattern. It's one thing to keep working hard to make money and another thing to be discipline enough to keep and maintain wealth.

[lixer]

Lifestyle change is a big problem that is found with most of the people. When does this happen? Mostly it happens when a person gets into a better position earning $1500 from $700 in the previous month. This gives him the choice to spend. Here most of them doesn't follow strict guidelines and end up borrowing at the month end. In some cases, they manage everything within it, but the savings will be the same as when he earned $700. There is nothing good or there is no room for improvement.

It's not easy to manage your finances, especially if you are not disciplined in general. A person who does everything in a way that seems like he is just getting it off his shoulders and doesn't really care, such a person will do the same with their finances, they don't care where the money is going, they don't try to have more savings because they also don't care about the future and the consequences they might face if they don't have a job some day in future.

That's why, it's always important to take everything seriously, and when it comes to money, if you are earning well, you shouldn't be careless with the money because you are privileged to have that because there are people in the world who sleep on the streets and barely get to eat a single meal every day.

[MFahad]

Unnecessary spending has become a bad habit in our community. People want to show off how rich they are. They think this shows their capability and ability to do whatever they want, but they end up in debt and broke. If your monthly expense is $40,000, then you need to have sources that can bear this consumption rate. People wanted to spend money on fancy things until their pockets were empty.

It almost depends on person affordability as poor people will never choose to buy branded clothes and shoes and they have faced problems therefore they never buy unnecessary things which just cause money wasting.

Whereas those who have lots of money will show themselves wealthy and they thing that there is difference of only branded clothes and shoes between wealthy and poor people which is not true because there are lots of wealthy individuals who use their money with planning and never waste any amount in those materials which they don't need.

We should reduce our expenses because if wo don't eliminate the Babbitt of using money more than our earning then one day we will have no money and will be in search of opportunity to at least earn to cover food expenses.

[Xcode7]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

Lack of planning,  impulse spending and proper planning are some major financial mistakes most persons make. We keep trying to secure a better future especially with the rate at which the economy is dwindling and unstable, but that will not be possible if anyone will be so unwise  to continue living in a frivolous pattern. It's one thing to keep working hard to make money and another thing to be discipline enough to keep and maintain wealth.

Working hard to earn more money is indeed a solution, but it will not last if our pattern is still wrong in managing finances, especially in terms of shopping for goods for life, because there are two things that must be fulfilled in this life, there are desires and there are also needs, so we have to be smart in prioritizing things.
And the desires that fall into the lifestyle category are also quite influential on our economic stability because not everyone can set lifestyle standards such as the money they have, so these are several influential things that we must be able to control.

[Fara Chan]

Lack of planning,  impulse spending and proper planning are some major financial mistakes most persons make. We keep trying to secure a better future especially with the rate at which the economy is dwindling and unstable, but that will not be possible if anyone will be so unwise  to continue living in a frivolous pattern. It's one thing to keep working hard to make money and another thing to be discipline enough to keep and maintain wealth.

Those who want to work hard and want to maintain their own wealth are people whose lives remain disciplined in how they use their time and also in how they use their finances on a daily basis. Because anyone can see the condition of people who like to live carelessly and there are no good examples that we can take from these people except to forget them and build ourselves better. The overall economic condition has not really improved so there is no reason for anyone not to work if we still really want to live safely and without difficulties.

[dothebeats]

Lack of planning,  impulse spending and proper planning are some major financial mistakes most persons make. We keep trying to secure a better future especially with the rate at which the economy is dwindling and unstable, but that will not be possible if anyone will be so unwise  to continue living in a frivolous pattern. It's one thing to keep working hard to make money and another thing to be discipline enough to keep and maintain wealth.

Those who want to work hard and want to maintain their own wealth are people whose lives remain disciplined in how they use their time and also in how they use their finances on a daily basis. Because anyone can see the condition of people who like to live carelessly and there are no good examples that we can take from these people except to forget them and build ourselves better. The overall economic condition has not really improved so there is no reason for anyone not to work if we still really want to live safely and without difficulties.

I agree with you, if we want to be successful then we obviously have to work for it. We cannot expect for opportunities to come to us and just immediately change our lives for the better, we have to make our own efforts, apply changes to ourselves, and just be better and constantly learn. Moreover, if we want to be successful then we should surround ourselves with people who have the same goals and are successful as well, we cannot expect to learn and get something from people who have the opposite goals and mindset, who settle for less and what they have. Growth will only come if we have the drive to do so.

[|MINER|]

Every man should be aware of his own life.  Apathy brings life to ruin.  Income should be spent wisely.  If the income is 100$ and if the expenses are 110$ then there will be a crisis in life.  And if the life of a low-income person is chaotic, then he himself will suffer and the people associated with him will also suffer.  A lower middle class will become conscious.  Why just the lower middle class?  People of all professions should be aware of their lives.  One should use their earned money properly.  And it should be saved for the future so that if any disaster happens in life, it can be recovered with the money saved.

[DVlog]

Unnecessary spending has become a bad habit in our community. People want to show off how rich they are. They think this shows their capability and ability to do whatever they want, but they end up in debt and broke. If your monthly expense is $40,000, then you need to have sources that can bear this consumption rate. People wanted to spend money on fancy things until their pockets were empty.

It almost depends on person affordability as poor people will never choose to buy branded clothes and shoes and they have faced problems therefore they never buy unnecessary things which just cause money wasting.

Whereas those who have lots of money will show themselves wealthy and they thing that there is difference of only branded clothes and shoes between wealthy and poor people which is not true because there are lots of wealthy individuals who use their money with planning and never waste any amount in those materials which they don't need.

We should reduce our expenses because if wo don't eliminate the Babbitt of using money more than our earning then one day we will have no money and will be in search of opportunity to at least earn to cover food expenses.

Then you won't believe me if I say poor people do the stupidest thing when they get some extra money. Do you ever think of why poor people remain poor when rich people increase their wealth every second? 

When poor people got some fortune and some extra cash they got it hand they tried to fulfill their desire. Some wanted to go to a fancy restaurant, purchasing something that is liability, buy some new clothes, decorate their home etc. None of this can generate money for them when that money can be invested in some assets. Rich people buy assets and let those assets pay for their desires.

This is not because poor people do not want to increase their income. Their lack of knowledge and fear of investment made them do these things.

[romero121]

Unnecessary spending has become a bad habit in our community. People want to show off how rich they are. They think this shows their capability and ability to do whatever they want, but they end up in debt and broke. If your monthly expense is $40,000, then you need to have sources that can bear this consumption rate. People wanted to spend money on fancy things until their pockets were empty.

It almost depends on person affordability as poor people will never choose to buy branded clothes and shoes and they have faced problems therefore they never buy unnecessary things which just cause money wasting.

Whereas those who have lots of money will show themselves wealthy and they thing that there is difference of only branded clothes and shoes between wealthy and poor people which is not true because there are lots of wealthy individuals who use their money with planning and never waste any amount in those materials which they don't need.

We should reduce our expenses because if wo don't eliminate the Babbitt of using money more than our earning then one day we will have no money and will be in search of opportunity to at least earn to cover food expenses.

Then you won't believe me if I say poor people do the stupidest thing when they get some extra money. Do you ever think of why poor people remain poor when rich people increase their wealth every second? 

When poor people got some fortune and some extra cash they got it hand they tried to fulfill their desire. Some wanted to go to a fancy restaurant, purchasing something that is liability, buy some new clothes, decorate their home etc. None of this can generate money for them when that money can be invested in some assets. Rich people buy assets and let those assets pay for their desires.

This is not because poor people do not want to increase their income. Their lack of knowledge and fear of investment made them do these things.

Poor people lack knowledge on investment and they were agonizing to have something which they've never experienced in life. This is why they just spend here and there and end up with nothing left. Through education this can be easily solved.

Another thing when we talk of poor people, there are people who aren't able to feed themselves for three times a day. With them how to suggest investment. What is more important itself isn't available and in that situation talking of next level of living is really unfair.

First of all savings needs to be encouraged. The education need to be provided on investment and other ways of making the savings better. This is how we can help with betterment of the poor people. Not everyone were able to follow it which is the hard reality.

[DVlog]

Poor people lack knowledge on investment and they were agonizing to have something which they've never experienced in life. This is why they just spend here and there and end up with nothing left. Through education this can be easily solved.

Another thing when we talk of poor people, there are people who aren't able to feed themselves for three times a day. With them how to suggest investment. What is more important itself isn't available and in that situation talking of next level of living is really unfair.

First of all savings needs to be encouraged. The education need to be provided on investment and other ways of making the savings better. This is how we can help with betterment of the poor people. Not everyone were able to follow it which is the hard reality.

You have raised some valid points but if we don't try to educate ourselves with the basic knowledge of business then it is our failure that we didn't try to exclude ourselves from poverty. Education was not a basic need and was not as inexpensive as it is today in the past. Still, people learn to do business with basic education in the past. If you know the letters and can read and write that is enough for you to be knowledgeable. I know it's not easy for a person who can't feed himself properly but this is not impossible if he has the will to change his life.

Our ambitions in life push us one step further to improve ourselves bit by bit and change our lives. We need to have that willingness to be someone no matter what situation our lives is going through.

[MFahad]

Then you won't believe me if I say poor people do the stupidest thing when they get some extra money. Do you ever think of why poor people remain poor when rich people increase their wealth every second? 

When poor people got some fortune and some extra cash they got it hand they tried to fulfill their desire. Some wanted to go to a fancy restaurant, purchasing something that is liability, buy some new clothes, decorate their home etc. None of this can generate money for them when that money can be invested in some assets. Rich people buy assets and let those assets pay for their desires.

This is not because poor people do not want to increase their income. Their lack of knowledge and fear of investment made them do these things.

Agree with your statement as if you are using money then more money will come to you. The wealthy people are wealthy because they create new way of earning through utilising their own money. Poor people think that if they spend their earning and reward then there will be nothing with them to buy expensive things but they forget that desires can be achieved anytime but once you spend money in useless activities then you will not able to increase your cash.

Sometimes they think that investment is a waste of time but they don't remember that with this investment you can avoid harsh situations, your life will not be burden for you.
May be they are not investing as they wants the happiness of their family to feed them in restaurant and to give them expensive cloths but they can also invest money because after some patience they will be able to give more comfort than this if they wisely invest in wise coin as it will offer them passive income.

[Youngkhngdiddy]

Agree with your statement as if you are using money then more money will come to you. The wealthy people are wealthy because they create new way of earning through utilising their own money. Poor people think that if they spend their earning and reward then there will be nothing with them to buy expensive things but they forget that desires can be achieved anytime but once you spend money in useless activities then you will not able to increase your cash.

Sometimes they think that investment is a waste of time but they don't remember that with this investment you can avoid harsh situations, your life will not be burden for you.
May be they are not investing as they wants the happiness of their family to feed them in restaurant and to give them expensive cloths but they can also invest money because after some patience they will be able to give more comfort than this if they wisely invest in wise coin as it will offer them passive income.

  There’s always this popular saying that says “the rich remain richer while the poor remains poorer”. No one is design to be rich or poor but how well we manage our risk taking. The rich do not hesitate to take risk and as we all know without risk there’s no reward. For anyone who relies only on his salary to survive, without proper utilization of their income will end up living a life of rollercoaster. The misuse of money by some salary earners have made them prisoners of the system. I don’t see the need for an expensive restaurant or expensive clothing or luxurious life if you’re living on a monthly budget.
 The rich will always seize any opportunity that warrant them making more money, because they believe they have the money to try anything new. It’s hardly you see a very wealthy person show off by buying things that’s is not worth buying at a particular time. There’s time for everything, you don’t go about buying unnecessary things while you’re in the building phase of your life. Invest your money, spend wisely on the things that matter. Once you’re able to buy anything twice irrespective of the cost and still be comfortable, then you’re starting to be free from the shackles of poverty.

[DVlog]

Agree with your statement as if you are using money then more money will come to you. The wealthy people are wealthy because they create new way of earning through utilising their own money. Poor people think that if they spend their earning and reward then there will be nothing with them to buy expensive things but they forget that desires can be achieved anytime but once you spend money in useless activities then you will not able to increase your cash.

Sometimes they think that investment is a waste of time but they don't remember that with this investment you can avoid harsh situations, your life will not be burden for you.
May be they are not investing as they wants the happiness of their family to feed them in restaurant and to give them expensive cloths but they can also invest money because after some patience they will be able to give more comfort than this if they wisely invest in wise coin as it will offer them passive income.

Rich people earn more money by using their asssets not money. Your fiat currency is useless as it is losing its PPP power every second. So as long as you are holding your paper cash and not buying any asset like bitcoin, gold, land with it you are not utilizing it.

Poor people don't think investment is a waste of time and they know that rich people increase their wealth by investing money. They don't want to invest their money because they think that if their investment turns negative they will lose their small money as well. Their lack of knowledge about money management let their fear dominate them.

[SmartGold01]

Rich people earn more money by using their asssets not money. Your fiat currency is useless as it is losing its PPP power every second. So as long as you are holding your paper cash and not buying any asset like bitcoin, gold, land with it you are not utilizing it.

Poor people don't think investment is a waste of time and they know that rich people increase their wealth by investing money. They don't want to invest their money because they think that if their investment turns negative they will lose their small money as well. Their lack of knowledge about money management let their fear dominate them.

You are correct from some examples of people around my city shows absolutely results of what you are saying. From op holding money in bank doesn't show any wiseness although it serves as a reserved fund to back up whatever expenses we are making but sometimes we also need to consider putting money in bank or saving money banks doesn't add any value to our income and to our life's rather we can access it at our pleased time. Instead of holding money bank it would ideal investing it is another means to secure more Income whereby the money invested has created another channels of income to our financial status.

Most time cutting down our expenses also positioned us to have some spare reserved funds with us, like what op highlighted and yet couldn't meet up paying our bills while we keep spending in an unnecessary things could either create more lost to us instead of adding. The only way to enjoy money is when it turns to assets by then we can spend some little percentage from the investment that is why today the rich always getting Richer while the poors keeps draining and swimming in adject poverty.

[Biznesmen]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

I don't believe that having a coffee every morning going on a date with a girl, drinking in a bar and so on are unnecessary actions done to waste money. But it's a part of stress release, enjoyment, etc. Why should we earn money if we can't spend it? You can't judge their life by spending their own money. Spending money is not a bad idea, but spending lavishly is. When we have control over our spending and are aware of where we are spending, then it's controlled spending. Spending on luxury items, great food, and enjoying things is not unnecessary in life. It's part of our lifestyles, and one's necessary is another's unnecessary, so simply put, it's not our business what they are spending on.

[btc78]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

I don't believe that having a coffee every morning going on a date with a girl, drinking in a bar and so on are unnecessary actions done to waste money. But it's a part of stress release, enjoyment, etc. Why should we earn money if we can't spend it? You can't judge their life by spending their own money. Spending money is not a bad idea, but spending lavishly is. When we have control over our spending and are aware of where we are spending, then it's controlled spending. Spending on luxury items, great food, and enjoying things is not unnecessary in life. It's part of our lifestyles, and one's necessary is another's unnecessary, so simply put, it's not our business what they are spending on.

i see your point and most likely people who have this kind of lifestyle are exaggerating the fact that they have no money so we are in no position to judge them

however i also see op’s point a lot of people often just want to brag on social media it doesn’t matter if they’re not able to pay some bills as long as they have the recent model of iphone so while i do believe that we should be able to spend some money on ourselves, family and friends we should also know when to do that and how to do that responsibly

[Kelward]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

This goes to show us how financial intelligence and discipline is very important, because without it we'll be complaining at the end of every month. The best approach is to create a budget on how to spend a fixed income and have discipline to stick to it. Without a budget the person might be spending on unnecessary things, which before payday he'll probably be going into dept. And when  income fixed is not even enough for the individual in a month, how will he be able to repay loan, and chances are that the person will keep increasing dept. So financial education is very important for any middle income earner that wants to manage their income well, without running into avoidable depbts.

Making budget for the month's expenditure doesn't mean that ostentatious spendings should be included, people in middle class category can deny themselves of certain luxuries in order not to run into dept that'll become a problem for the them. Although an income earner or someone that makes small income can save towards giving themselves treats once in a while, because all work and no enjoyment is not good for the body. So financial intelligence is the key, backed by discipline to achieving it.

[Promocodeudo]

OP, firstly I am exempted from this list of individuals you mentioned here, but the truth is that these people have made this a habit, trying to advise them, will make you look like, you making decisions for them, people has cultivated that habit of caring less about savings but when they have finally squandered all their finances or go broke they will turn to multinational speakers overnight, despite that there is a saying work without play makes jack a dull boy, this statement didn't direct people to start misbehaving, we should be careful of what we do with our money, let's not allow what we do to control us, this can lead us to regret if we don't do something early, be discipline, don't spend more than you get, in every income of yours make sure you save.

[gunhell16]

Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money.  This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out.  I hope you are not one of them.

The question is, does financial management only apply to the people you refer to who are employed around the world? Isn't it? If you are an employed person and you know how to handle the money you earn, no matter how expert you are in handling it, if we ourselves can't discipline ourselves, we're sure you'll be really poor because we spend on things we shouldn't.

And if there are other employees who do that, drink at Starbucks, and enjoy themselves in bars or discos, this is their way to enjoy their lives, and they may reward them for their hard work, and we can't do anything about it because it's their choice, so the consequences will be the ones they will experience for sure and not us.

[oktana]

Most times, the ones who go to fancy and luxury restaurants, bars, etc, are always broke. They do it just ti show off (showing off what they do not have and may never have). Someone who is economical will know very well that cooking and eating at home will save money, sometimes you can pick a lower quality of what you want to get, just because you’re being economical and trying to cover everything you need to.

[shinratensei_]

Most times, the ones who go to fancy and luxury restaurants, bars, etc, are always broke. They do it just ti show off (showing off what they do not have and may never have). Someone who is economical will know very well that cooking and eating at home will save money, sometimes you can pick a lower quality of what you want to get, just because you’re being economical and trying to cover everything you need to.

yeah that sometime a show of bad practice in managing their own financial management, going to luxury place just because they want to not because it won't scratch their finance even if they doing it.
there 's some saying about this, "everyone is rich in social media until you go hang out with them." it kinda speaks a lot about the current condition of most of people who also try to be popular in social media, a bad financial management practice disguising as luxury lifestyle.
the only real thing is when we are gaining more and more money to the point where we can be spending thousand of dollars without having to bat an eye in a day and will still be fine for decades to come, thats when i think we can be called rich enough, otherwise as have stated earlier, such bad financial management practice would only result in unnecessary problems, a problem that shouldn't be here in the first place if we are conscious enough that maybe we can't afford something.

[btc78]

these people definitely do it for clout but i also truly believe that some really live their lives this way most likely they grew up rich without having the need to worry about finances that’s why they don’t really think of the possible consequences or feel any kind of financial insecurity

on the other hand, i know some people who are really well-off but are still humble and not showy you can still tell they’re definitely rich but it’s rare for you to see them spending on expensive unnecessary things

[nara1892]

Most times, the ones who go to fancy and luxury restaurants, bars, etc, are always broke. They do it just ti show off (showing off what they do not have and may never have). Someone who is economical will know very well that cooking and eating at home will save money, sometimes you can pick a lower quality of what you want to get, just because you’re being economical and trying to cover everything you need to.

I see absolutely no good financial management with those you have told me about, even though basically they have a pretty good ability in terms of finance but if they are too excessive in allocating money for luxuries that are basically not too important then obviously it is a real waste, there is no potential for any development of the money they have lost. Basically, even if they are one of the rich people, it is still like I said that it is an action that is not recommended to do, especially if their finances are mediocre or even below average.

So let's think logically, it's not going to matter anyway, or I mean you're not going to get any real benefit other than the thrill of the fact that other people know you're living a life of luxury, but if it's creating or causing a lot of problems in your life and your finances, it's definitely a problem that shouldn't be happening. So yes, it's better to allocate your money to something more important, if it's about food you can also buy ingredients at the market and cook them at home to eat with your family, it will save more, and it's better to put the rest of your money, save it to be used as an emergency fund in the future, it's better.

[Rockstarguy]

Most times, the ones who go to fancy and luxury restaurants, bars, etc, are always broke. They do it just ti show off (showing off what they do not have and may never have). Someone who is economical will know very well that cooking and eating at home will save money, sometimes you can pick a lower quality of what you want to get, just because you’re being economical and trying to cover everything you need to.

If people just to fancy anf luxury restaurant to eat food when they are not well financially buoyant their is no wisdom in such lifestyle,  I just see this as a burden. Nobody even cares about what you eat, it is wrong for people to spend all they have in fancy restaurants on food just to prove to people that they are capable of affording it.

When it comes to food people can still go for healthy food and affordable which won't make them to spend much , but also save for the next day. No need to rush life to try to reach the height one haven't reached.

[D ltr]

It is true that managing finances is very important for daily survival, even in the future, everyone must have a little savings because savings can be used as bailout funds if we need money.
Avoid consumptive shopping as you mentioned, such as joining a gym, and the like should be avoided
but currently the exchange rate of money is really worthless where the money we usually spend can cover living expenses for 1-2 days but now it can only last for 1 day no  more, because everything is expensive

[Fara Chan]

these people definitely do it for clout but i also truly believe that some really live their lives this way most likely they grew up rich without having the need to worry about finances that’s why they don’t really think of the possible consequences or feel any kind of financial insecurity

on the other hand, i know some people who are really well-off but are still humble and not showy you can still tell they’re definitely rich but it’s rare for you to see them spending on expensive unnecessary things

It's not surprising to see people like that in life, because I've also seen people who live well enough and don't like to show off anything they've got. Even though in their own environment such people are not said to be rich, even though it is people like that who should be worthy of being said to be rich. Because people like that are usually more grateful for what they have and don't want to incur debt in any form in order to look luxurious in front of other people. Although they also think about making money as usual, although they don't seem to think about it too much.

[Youngkhngdiddy]

It's not surprising to see people like that in life, because I've also seen people who live well enough and don't like to show off anything they've got. Even though in their own environment such people are not said to be rich, even though it is people like that who should be worthy of being said to be rich. Because people like that are usually more grateful for what they have and don't want to incur debt in any form in order to look luxurious in front of other people. Although they also think about making money as usual, although they don't seem to think about it too much.

   There must be an expense for every income made. Now these expenses covers both necessary and unnecessary items, wants and needs in the level of their urgency. One thing to note is that we don't just spend money without thinking first. Do your best to weigh the options, a number of unnecessary needs may arise and we shouldn't just jump into getting them solved because the money is there at that moment, we may not be able to predict if there'll be a greater need of that said money in the shortest possible time. Yes the money may be excess but thinking before spending will go a long way to reducing wasteful spending.
  There are processes to be followed in spending, make the greatest need or want as priority, never also forget to keep aside miscellaneous cash. In some situations we may not be earning enough to do all these divisions, but we can as well be careful of the extravagances. The best solution to being careful is saving. If you're scared of spending unnecessarily, it's advised that you save it instead against rainy days. There are some issues that can be overlooked or that won't necessarily require heavy financial assistance to solving, we could look for varying ways to prefer solution to that need at that moment, sometimes it may be cravings or not. At the same time, the way at which we're cautious in spending, we won't be able to allow unwholesome occurrences that may turn out to eat into our pocket to affect us.

[Juse14]

Now we are alive and tomorrow we must live, now we have to eat and tomorrow we need to eat, and now we have to fulfill our daily needs and tomorrow it will be the same. So, to maintain continuity, we are required to continue to be strong so that we always have resources to survive, but this alone is not enough. Apart from having to have an income, we are also required to be able to manage the finances we get well, so that what we need can be fulfilled and what we want and what we aspire to can be achieved.

With good financial management, this will help and make it easier for us to plan our future needs. And with good financial management, we will easily predict the amount of expenditure needed in the future. So, with good financial management, we can not only guarantee our lives now, but in the future, God willing, it will also be guaranteed.

[erep]

If people just to fancy anf luxury restaurant to eat food when they are not well financially buoyant their is no wisdom in such lifestyle,  I just see this as a burden. Nobody even cares about what you eat, it is wrong for people to spend all they have in fancy restaurants on food just to prove to people that they are capable of affording it.

When it comes to food people can still go for healthy food and affordable which won't make them to spend much , but also save for the next day. No need to rush life to try to reach the height one haven't reached.

They are doing something ridiculous if they only show off the luxury of eating in VIP class restaurants when financial conditions are critical, this tradition is maintained by luxury crazy people to always want to be recognized as rich, but actually no one cares about your activities, so stop being irrational because they do this without their financial support. We have to change our mindset to set financial priorities for the future, as you said, we must have savings rather than buying purchases that are not needed for the long term, if we have savings it will be useful for future financial needs and emergency needs that require funds at any time .

[flyingcarpet]

If people just to fancy anf luxury restaurant to eat food when they are not well financially buoyant their is no wisdom in such lifestyle,  I just see this as a burden. Nobody even cares about what you eat, it is wrong for people to spend all they have in fancy restaurants on food just to prove to people that they are capable of affording it.

When it comes to food people can still go for healthy food and affordable which won't make them to spend much , but also save for the next day. No need to rush life to try to reach the height one haven't reached.

They are doing something ridiculous if they only show off the luxury of eating in VIP class restaurants when financial conditions are critical, this tradition is maintained by luxury crazy people to always want to be recognized as rich, but actually no one cares about your activities, so stop being irrational because they do this without their financial support. We have to change our mindset to set financial priorities for the future, as you said, we must have savings rather than buying purchases that are not needed for the long term, if we have savings it will be useful for future financial needs and emergency needs that require funds at any time .

It's ridiculous that people act like they're living in luxury just to show off to each other. I think it's pathetic that one side of the world is struggling to find food while the other side is showing off with food. The mental health of these people is not normal.

Unfortunately, nowadays there are many people who are satisfied by showing off to others, but in reality their financial situation is not good. A person should not be ashamed of his financial situation and should avoid unnecessary ostentation. Misuse of social media sets a bad example for young people. It's not right to portray showing off as a good thing.

[Renampun]

these people definitely do it for clout but i also truly believe that some really live their lives this way most likely they grew up rich without having the need to worry about finances that’s why they don’t really think of the possible consequences or feel any kind of financial insecurity

on the other hand, i know some people who are really well-off but are still humble and not showy you can still tell they’re definitely rich but it’s rare for you to see them spending on expensive unnecessary things

The key to becoming rich nowadays is actually to live a frugal life, many people become poor because they are not able to manage their money well, they even buy things they don't need, they become very wasteful and all the things they own end up being trash. living frugally means you use the money you get very wisely, in fact you become very economical and only buy things you really need. don't like flexing - don't like buying things that are not important - read more - invest more, you will definitely become truly rich (not just looking rich on social media)

[Dunamisx]

If there are problems, then all we needed is money to be used in solving some of these problems, if we don't have money, we will be so worried that it was in the absence of money that we are not having the problems solved, also it could be in such a way that we have money and yet such couldn't make any difference to what we are facing, but we must spend our money wisely and utilize them for what are needed and not our wants.

[boty]

If there are problems, then all we needed is money to be used in solving some of these problems, if we don't have money, we will be so worried that it was in the absence of money that we are not having the problems solved, also it could be in such a way that we have money and yet such couldn't make any difference to what we are facing, but we must spend our money wisely and utilize them for what are needed and not our wants.

Indeed, there are some problems that arise because they do not have good financial conditions and there are also those who have problems that are not about finances, but if someone's financial condition is in a bad condition, the problem will certainly become more complicated and there must be a way to solve it because if we cannot solve it Of course it will be very difficult for us to be able to do other things well

[Huppercase]

Most times, the ones who go to fancy and luxury restaurants, bars, etc, are always broke. They do it just ti show off (showing off what they do not have and may never have). Someone who is economical will know very well that cooking and eating at home will save money, sometimes you can pick a lower quality of what you want to get, just because you’re being economical and trying to cover everything you need to.

There is some truth in what you said but honestly, the rest is completely out of context. Restaurant and eatery are costly but we also have reasonably ones that sell good meals at cheaper rate, they don't hike the price of foods the way some do their own and they are even more healthier when you compare them to the ones with high prices. They are also in hirachy, eateries are bigger costlier than restaurant and restaurants are costlier than Buka; Eatery>>>Restaurant >>>Buka, in that manner.

The reason why you see people visit food places to buy food is not because they don't want to cook or doesn't have money or just showing off. The problem is that some people don't know how to cook, they have tried many times but it doesn't work because they are bad cook and has probably in their life never help their mom in the kitchen for once. Some people might want to cook but they don't have the time because imagine where you go to work from 6am to 6pm, it will be difficult to cook as an employed worker that is always busy from Monday to Saturday or even sunfdays.

You should also consider inflation, to buy food items to prepare a pot of soup might even be twice bigger than what you might even spend in restaurant, it's not "might", buying food right now to eat is more economical for a single person, but if you are married, then I think it's okay to consider cooking because it's better and economical to cook than buy food for 4 people.

[red4slash]

It is true that managing finances is very important for daily survival, even in the future, everyone must have a little savings because savings can be used as bailout funds if we need money.
Avoid consumptive shopping as you mentioned, such as joining a gym, and the like should be avoided
but currently the exchange rate of money is really worthless where the money we usually spend can cover living expenses for 1-2 days but now it can only last for 1 day no  more, because everything is expensive

What must be considered in this case is not only focusing on financial management, but we must also think about getting an income that can cover all our needs. Because in my opinion if our income is getting bigger, it will be easier for us to manage our finances well. 
I am talking about this based on my experience, yes at that time I did not have a permanent job, only odd jobs whose income was uncertain. I saved a lot, and when I did it, it still created difficulties in my finances. But when I had a steady income with a larger amount than before, I was able to do better, although overall I was not as frugal as when my income was uncertain.