How to spend money determines whether you can avoid unnecessary problems

[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.