How to spend money determines whether you can avoid unnecessary problems

[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.

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[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.