SPENDING MORE THAN YOU EARN

[odunybiz]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

👉👉Control your grocery list
Having meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store.  

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.


Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

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[Hamphser]

Learn to say “no”

This is something that you should really be minding or have this kind of behavior on which it is really better where you dont make yourself get easily tempted on buying things which you do see around.If its something that is beneficial then go ahead but its not something necessary then its better to skip out and avoid it.There are people who do have that good self control and discipline when it comes to things specially
if they are aware on how much they've been earning.

Spending something or an amount which is more than you do earn will really be putting you on huge debt and would really be having some financial problem which is something
that we do really need to avoid on or having this kind of behavior.

[DevilSlayer]

Learn to say “no”

This is something that you should really be minding or have this kind of behavior on which it is really better where you dont make yourself get easily tempted on buying things which you do see around.If its something that is beneficial then go ahead but its not something necessary then its better to skip out and avoid it.There are people who do have that good self control and discipline when it comes to things specially
if they are aware on how much they've been earning.

Spending something or an amount which is more than you do earn will really be putting you on huge debt and would really be having some financial problem which is something
that we do really need to avoid on or having this kind of behavior.

Learning to say "no" is a skill that is very hard to master especially if you are a teen and when your friends are inviting you to a fancy dinner, club or something that can considered as expense. I learned that skill when I was in college, I lose a lot of friends because I keep rejecting them whenver they invite me on something else. I already understand the principle of success and how can I become rich in the future and one of it is  to learn to say no and that is why I implemented it even now. The reason why there are many broke bois is because they are focusing on how will they become look rich and now how to become rich itself.

Being rich is not just about having a lot of money, it is about having a positive mindset and have winning attitude that can help you to overcome adversity and push your limits to become the best while making money. Make sure also to track your daily expense and make sure that you ahve a financial goal that you should achieve for you to not be eliminated in your own track.

[Obari]

This should leads to many downfall today is our society
Do not spend more than you earn this sounds like a Warning and it should be carefully examined and taken into practice as a lifestyle
Many try to impress even without thinking about the rate of theIr income is suggest we make financial records on every expenditure we make so as to help us know our level of spending
Avoid spending on costly things that may drain your earnings even as the instruction goes people still fail to listen

[serjent05]

We can add, don't spend money that is not earned yet. We should avoid this practice so that we can be saved from debt.  People who tend to do this often end up in debt since we are too comfortable in spending thinking that our funds will come soon making us comfortable in overspending and borrowing money from other people.  This kind of action may put us in financial jeopardy and since most borrowed money has an interest, it will incur more unreasonable spending on our side.

[gunhell16]

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

This is the problem that is still being done by the majority, only a few are able to have a plan on how to spend the money that comes to them. The others, especially those who rely on their spouses who work abroad, don't think about it anymore, because all they can think about is someone who will send them monthly. So they will no longer value the money that is sent to them because what is happening is the price here, the price there.

But if there are plans like shopping lists, unnecessary things will be limited, and savings can be set aside for emergencies. When there is a plan in this matter.

[Dr.Bitcoin_Strange]

I agree with all your points, but the second place where you say to use cash only is partially unacceptable, although it depends on individuals. Having a shopping list is enough to make you only spend what you have written down to purchase, so going above the limit is assumed to be something you decide to do on purpose. Unless, of course, you don't have a budget to work with, which is what your first point is about. So when a person meets the other points you stated, whether they pay with cash or a card, they would still go for their intended amount to spend; going above that limit because they are paying with a card is a deliberate decision.

Also, greed and a show-off lifestyle can make some people spend more than they earn.

[nimogsm]

Learn to say “no”

This is something that you should really be minding or have this kind of behavior on which it is really better where you dont make yourself get easily tempted on buying things which you do see around.If its something that is beneficial then go ahead but its not something necessary then its better to skip out and avoid it.There are people who do have that good self control and discipline when it comes to things specially
if they are aware on how much they've been earning.

Spending something or an amount which is more than you do earn will really be putting you on huge debt and would really be having some financial problem which is something
that we do really need to avoid on or having this kind of behavior.

Learning to say "no" is a skill that is very hard to master especially if you are a teen and when your friends are inviting you to a fancy dinner, club or something that can considered as expense. I learned that skill when I was in college, I lose a lot of friends because I keep rejecting them whenver they invite me on something else. I already understand the principle of success and how can I become rich in the future and one of it is  to learn to say no and that is why I implemented it even now. The reason why there are many broke bois is because they are focusing on how will they become look rich and now how to become rich itself.

Being rich is not just about having a lot of money, it is about having a positive mindset and have winning attitude that can help you to overcome adversity and push your limits to become the best while making money. Make sure also to track your daily expense and make sure that you ahve a financial goal that you should achieve for you to not be eliminated in your own track.

here I agree with you 100% this is a very important skill to say no to those people with whom you are not on the way. It is important to surround yourself with people with similar interests to yours and not those who will drag you down. And the sooner people realize this, the better. In my youth, I spent a lot of time and money on stupid things, which I regret a little. But with experience, I no longer make such mistakes.

[CryptSafe]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701).

One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

This is one of the major problems in the society today and families to be precise. you see families, individuals spending more than they earn just to impress when they know they can not afford to pay for what they are spending with their level of income thereby mortgaging their income and accumulating debt. Some times before they receive their salaries they must have had enough bills and debt to service and that is very disturbing because they would have nothing to sustain themselves and thereby leading them to borrow another. And this keep repeating itself and over and over again and they cannot be able to save a dime for themselves.

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701).
👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort. 

 Sometimes shopping  without budget leads to overspending and this is not too cool. One needs to make sure to always  make out budget according to his or her level of income so as to have a little savings for reserve because no one can tell when an emergency can come up at any point in time. So therefore it is wise that one should be able to learn how to save by proper budgeting according ones level of income.

[n0ne]

All the mentioned list were really useful and following the same could help to limit our spending and let us save more. Earning is different from saving. To be successful we should earn more as well as save more, just because we earn more the spending shouldn't turn high. Being from a third world country we were able to experience how my parents provided what we need. They used to work hard and save each penny, and spend on things that is utmost necessary. Apart, with the remaining funds they prefer buying gold because they believed it to be the support platform when there is some emergency need. Someone's sacrifice makes the next generation an upliftment unlike the education and revenue out of different sources.

[Oilacris]

Learn to say “no”

This is something that you should really be minding or have this kind of behavior on which it is really better where you dont make yourself get easily tempted on buying things which you do see around.If its something that is beneficial then go ahead but its not something necessary then its better to skip out and avoid it.There are people who do have that good self control and discipline when it comes to things specially
if they are aware on how much they've been earning.

Spending something or an amount which is more than you do earn will really be putting you on huge debt and would really be having some financial problem which is something
that we do really need to avoid on or having this kind of behavior.

Learning to say "no" is a skill that is very hard to master especially if you are a teen and when your friends are inviting you to a fancy dinner, club or something that can considered as expense. I learned that skill when I was in college, I lose a lot of friends because I keep rejecting them whenver they invite me on something else. I already understand the principle of success and how can I become rich in the future and one of it is  to learn to say no and that is why I implemented it even now. The reason why there are many broke bois is because they are focusing on how will they become look rich and now how to become rich itself.

Being rich is not just about having a lot of money, it is about having a positive mindset and have winning attitude that can help you to overcome adversity and push your limits to become the best while making money. Make sure also to track your daily expense and make sure that you ahve a financial goal that you should achieve for you to not be eliminated in your own track.

here I agree with you 100% this is a very important skill to say no to those people with whom you are not on the way. It is important to surround yourself with people with similar interests to yours and not those who will drag you down. And the sooner people realize this, the better. In my youth, I spent a lot of time and money on stupid things, which I regret a little. But with experience, I no longer make such mistakes.

There are people who are really that good on differentiating worthy decisions despite on being surrounded by those people who do make out some foolish decisions into their lives in speaking about
finances on which i do really much agree that this is some sort of skill or behavior which is something that really hard to maintain out because we know that temptations is really there which
it would be mainly be affecting your emotion which is something that would be hindering and boggling you on what you do have in mind.If you arent that strong willed person
then this wont be an issue.

[Unbunplease]

Affordable credit allows one to spend more than one earns, but this is a very big trap. Small loans - if you don't stop in time - lead to big loans, and, as a consequence, to credit bondage. So you should try to restrain your desires, and live within your means, otherwise you may not notice how you lose everything.

[Baofeng]

Yes, this is the first thing that I have learned when I started to get a job, bills are piling up, credit card debts, then budget for food and other amenities. So for those who are just starting up it's going to be very difficult unless someone more experience will guide them, like their parents on how to live without having to spend more than you can earn.

Buy what you need and not what you want.
If you have a chance to buy second hand things, then do it. It's not always that you will have to buy brand new which cost a lot.
I also like the pay cash attitude, in this case you don't need to swipe your credit card.
If you can used public transportation, the better.

[virasog]

We can add, don't spend money that is not earned yet. We should avoid this practice so that we can be saved from debt.  People who tend to do this often end up in debt since we are too comfortable in spending thinking that our funds will come soon making us comfortable in overspending and borrowing money from other people.  This kind of action may put us in financial jeopardy and since most borrowed money has an interest, it will incur more unreasonable spending on our side.

How can we spend more than we earn ? The only way to do this is by taking loans. The person who does this falls into a big trap because eventually, he will be doing the same in the coming days and months, making his loan pile up with every passing day. Also, when you know that you have to pay back the loan and you do not have the money to pay back, it will give you a lot of mental tension and you can go into depression. Some people will start thinking of illegal ways to get money and pay back the debt.
The disadvantages of this act are unlimited, and it can ruin one's life in the long run.

[Yatsan]

Controlling one's fund would be the best thing to do. This includes putting on a budget and accurately disseminate the money to your needs. On my end, in order to avoid having bigger expenses than my income, I was alloting a budget for the whole month; bills, for grocery, and other needs. I am also putting an emergency fund for the whole month and if it happened to not be used, it will just be moved for the next one. Then the rest of the money will be put into savings. Ofcourse there will be times things won't be consistent but atleast you will have that regulated fund which would allow you to track your expenses and be able to seek for improvement if ever there are things to change.

[tabas]

👉👉Shopping with a list
👉👉Control your grocery list

I have something to add that's related to these two and that is before you go shopping, eat before you go. Yes, a very simple thing and reminder to eat before you shop. Because with all of those tasty and craving food that you'll see in the grocery store, you'll not be able to control your hunger and crave from those foods you'll see. That's why with this simple tip, you'll get to save eating out and just to be frugal, it's okay to eat outside but do it when you've got some spare or you think that you're not going to hit your budget when you do. And to have no budget constraints, if you can't help yourself but to spend more then the main solution is to earn more.

[Adbitco]

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

Here is the major place where i usually falls victims because whenever i try converting some digital money to fiat and it gets to local bank, i hardly control myself while shopping since i was already using a credit card to shops, i go against my plans and budgets.
Including both airtime Recharging i goes by spending much time while talking on phone, so what i did was to pull out my alert SIM in order not to keep re-charging unnecessarily and also made me to reduced the rate at which i do make calls since i can't quickly top-up my airtime. Then lastly also try to deactivate your bank mobile app from your smartphone, this also improve the rate at which you spend money by sending out money so easily to people and friends without you following your monthly and weekly budgets.

[KingsDen]

Do people actually spend more than they earn? I am yet to understand how it works. If people actually spend more than they earn, the extra money they spend, where does it come from?
Or when they use their savings, it means spending more than  they ear.
In the worse scenario, are there people that spend all they earn and go borrowing every month to augment their living?
If yes, that should be the real example of spending more than one earns.
That is a very big problem to be combacted.
The first method to fight it is trying to relocate to an Area that is less expensive.
Change the school of your children to low tuition schools.  Spend less on buying clothes and maintain the ones you have etc.

[sheenshane]

👉👉Shopping with a list

👉👉Control your grocery list

These are very effective and in addition to this is "create a budget".
Creating a monthly budget that outlines your income and expenses.  This will give you a clear picture of your financial situation and help you plan your spending accordingly, and through your list, you can monitor your expenses which is prioritizing your needs over wants.  Make sure to allocate your income to necessary expenses before spending on discretionary items like dining out, shopping, or entertainment.

I freshly remember those old days when my grandma was alive and said, when you earned $5 a day, don't spend over that amount on a day, always keep $1 for future investment or set aside a portion of your income into a separate savings account to build an emergency fund that can cover unexpected expenses like medical bills.

[Wexnident]

~

Isn't this something natural in most cases? I mean if you can't follow of spending less than what you earn, you'd inevitably be slapped with one big hand of "no money" at some point in time, regardless of how much money you actually saved up, if said saved up money exists in the first place even.

In most cases of overspending, simply creating a strict and straightforward plan would be more than enough imo. Not those generic types of things like buying some food, specify it if possible so you can immediately cut costs. Though in my case in my first few times of setting up a list, I usually buy an additional or two not on it but eventually it simply became a natural part of the stuff I buy even without the list, I guess you can consider that as planned then?

[CarnagexD]

We can add, don't spend money that is not earned yet. We should avoid this practice so that we can be saved from debt.  People who tend to do this often end up in debt since we are too comfortable in spending thinking that our funds will come soon making us comfortable in overspending and borrowing money from other people.  This kind of action may put us in financial jeopardy and since most borrowed money has an interest, it will incur more unreasonable spending on our side.

Exactly. We understand the level of urgency and the need of what you want to purchase but you'll get into a lot of trouble and mental stress if you spend money that is not yet earned.

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

👉👉Control your grocery list
Having meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store. 

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.


Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

Most of the time, it's just us wanting to buy the things that we don't like just to impress the people we don't like. So we spend lavishly. Have the right mindset. then you won't have any trouble. You'll prioritize what you truly want in life. Say yes to what truly matters to you and no  what is not. You don't need to combat yourself to control your impulse buying but will come naturally because you have your goals and intentions right. Either you create a list, using a cash, proper budgeting are sound techniques but putting these into practice consistently is what is necessary.

These small things compound overtime. So trust the process and more importantly yourself.

[Don Pedro Dinero]

Take control of your spending today and you’ll reap financial rewards for years to come.

This is the first step for someone who wants to take control of their financial life, and it is essential. With today's ease of getting into debt and the incitement to consume, the easy thing to do is the opposite, spend more than you earn, and if you earn more you start to spend more, and you get stuck in what is known as the rat race. There are many cases of people or family units with high incomes that end up bankrupt or financially drowned because they have been spending more than their income for a long time: credit cards, personal loans, high mortgages, consumer loans, student loans... you name it.

Normally, in order to spend less than you earn, the best thing to do is to make a budget to control income and expenses, and as soon as you get paid, set aside part of it for savings. Over time, instead of having a ball of debt that has become bigger and bigger, you will have a good patrimony.

[Sarah Azhari]

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.

That 2 letters I can't handle it until today. Yes, I don't know others, but for me, if I open an online shop application, I always put what I look in the shopping cart. This looks crazy, sometimes I bought something and I never open that box package until today. I've been scolded by my brother. and, when I'm not around, he uninstalls the online application shop on my phone to avoid me to buy unnecessary goods. so after he doing that, I had a big fight with him because in my phone have bitcoin wallet.

Now, I try to bold those 2 letters, in my phone wallpaper, maybe can remind me for not wasteful.

[Fortify]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

With the rise of streamers and influencers, the spending mentality has never been stronger. It starts when you are young, as endless "celebrities" are constantly showcasing all manner of luxurious goods and services. By the time they have millions of followers, they can afford these things without a second thought - it is like someone on the average wage losing a penny. If you've got a ten million in the bank and spend a thousand on a pair of headphones - it doesn't affect their wealth much at all. If you have ten thousand in the bank it would be a huge chunk of your net worth to copy them.

[Supreemo]

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.

That 2 letters I can't handle it until today. Yes, I don't know others, but for me, if I open an online shop application, I always put what I look in the shopping cart. This looks crazy, sometimes I bought something and I never open that box package until today. I've been scolded by my brother. and, when I'm not around, he uninstalls the online application shop on my phone to avoid me to buy unnecessary goods. so after he doing that, I had a big fight with him because in my phone have bitcoin wallet.

Now, I try to bold those 2 letters, in my phone wallpaper, maybe can remind me for not wasteful.

this 2 letters apply to everything not only to crypto or investments and money. saying no is a testament that you can decide for yourself. saying no isn't only for the sake of saying ni since you need enough courage to say that and apply that.

[xSkylarx]

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.

That 2 letters I can't handle it until today. Yes, I don't know others, but for me, if I open an online shop application, I always put what I look in the shopping cart. This looks crazy, sometimes I bought something and I never open that box package until today. I've been scolded by my brother. and, when I'm not around, he uninstalls the online application shop on my phone to avoid me to buy unnecessary goods. so after he doing that, I had a big fight with him because in my phone have bitcoin wallet.

Now, I try to bold those 2 letters, in my phone wallpaper, maybe can remind me for not wasteful.

this 2 letters apply to everything not only to crypto or investments and money. saying no is a testament that you can decide for yourself. saying no isn't only for the sake of saying ni since you need enough courage to say that and apply that.

But saying no is difficult. If ever we can practice to say no like when we want to buy our wants we should always think twice if it is worth it if not then it is the best to say no. I do agree that this apply in almost everything when it comes to spending but the problem with this is that it is difficult to do which we should practice it in our daily life like in spending nonsense things

[Latviand]

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

I would disagree here in the part that credit card isn't helpful, if you can actually use it wisely and pay your dues in the due time, you can actually get a lot out of it, doesn't some credit cards have free travel miles when you use them? Plus, using your credit card wisely makes your credit score more amicable to banks if you are asking for a loan. Totally agree with staying from debit though, it's your money while credit card isn't your money that you're spending.

[Ludmilla_rose1995]

therefore I prefer to shop alone than with my wife. If we shop alone, we can be wiser in spending money and shop faster. It's different if we shop with our wife, there must be unimportant things to be spent and shopping time will also be longer, it makes expenses higher and very waste of time

[Fiatless]

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

Paying with cash is no longer attainable in most countries. In my country there are cash restrictions so paying with online transfers and cards is a must because you can't even have access to cash. Some people might argue that they spend more when they have cash at hand, so they prefer using cards. The bottom line is that a reckless spender will always mismanage his fund whether it is cash or card. That's why it is good to cultivate the habit of budgeting and contentment.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

Shopping without a list is like driving without a destination. Having a list enables one to get the most important needs first and trivial needs can be bought with what is left. Generally, people that spend above their means end up in debt.

[irhact]

Do people actually spend more than they earn? I am yet to understand how it works. If people actually spend more than they earn, the extra money they spend, where does it come from?
Or when they use their savings, it means spending more than  they ear.
In the worse scenario, are there people that spend all they earn and go borrowing every month to augment their living?

Yes we have many people living above their salaries, and this is the main reason it'll be very difficult for these people to get financial freedom. We have people earning below $50k yearly yet their lifestyle is that of someone earnings more than $100k yearly. They're driving cars that their salary can't afford, living in apartments that their salary can't afford as well etc.

We have those living on borrowed money, they might have borrowed so much that when they receive their salary, majority goes to replaying the debts then they go back to borrowing again or we have people that spend all their salary on wants immediately they're received then go back to borrowing.

[bayu7adi]

We have those living on borrowed money, they might have borrowed so much that when they receive their salary, majority goes to replaying the debts then they go back to borrowing again or we have people that spend all their salary on wants immediately they're received then go back to borrowing.

Not all old debts can be paid off if expenses exceed income. New debts will continue to pile up every month and increase over time.

In my opinion, this is more common among people who previously had very high monthly salaries and a luxurious lifestyle. However, when they lose their best job, their monthly salary becomes lower. Despite this, the luxurious lifestyle they adopted cannot be changed, and they continue to live beyond their means even if their salary is not enough. Pressure from their social circle or people around them to maintain their social status often becomes a significant problem in this situation. Someone does not want to lose their existence and chooses to maintain their lifestyle. They may hope to get a job like before by socializing with people who have a high-end lifestyle.

[Lorence.xD]

therefore I prefer to shop alone than with my wife. If we shop alone, we can be wiser in spending money and shop faster. It's different if we shop with our wife, there must be unimportant things to be spent and shopping time will also be longer, it makes expenses higher and very waste of time

Well good for you, it still depends on two persons practically when budgeting their money. Some would save but sooner would spend a lot than they save. If I compare myself with that situation, then I come to think of my mother, it's the time I'm still a student and whenever I buy unnecessary things she would always say the downside of it and waste of money. For example, I bought an skin in game and I told her about it, she would say "you'll get bored with it in a long time" of course as a gamer I disagree that I wouldn't feel that in my dream skin. Now looking back in the past, I regretted spending a lot of money in game than investing in crypto which I've learned few years ago.

[lovesmayfamilis]

Do people actually spend more than they earn? I am yet to understand how it works. If people actually spend more than they earn, the extra money they spend, where does it come from?
Or when they use their savings, it means spending more than  they ear.
In the worse scenario, are there people that spend all they earn and go borrowing every month to augment their living?
If yes, that should be the real example of spending more than one earns.
That is a very big problem to be combacted.
The first method to fight it is trying to relocate to an Area that is less expensive.
Change the school of your children to low tuition schools.  Spend less on buying clothes and maintain the ones you have etc.

Have you tried using credit cards? If so, then the temptation to buy some things, and even more so, unnecessary things, is almost always present in people who are used to living in debt. It is not bad not to deny ourselves desires if we understand that we have a stable and well-paid job, which, if our expenses are exceeded, will allow us to cover all debts on time. But you should always leave a clause about unforeseen circumstances that, in one way or another, can affect our finances in a negative light, so of course, spending wisely will be the wisest decision.
But there is one point: if a person is used to living well and spending his money without hesitation, any changes will make him depressed.
You get used to good things very quickly, and it is almost impossible to wean yourself from them.

[knowngunman]

In reality, we all spend more than what we earn thou it is not healthy to our financial life. Having a monthly budget is advisable but unfortunately some unavoidable circumstances do occur occasionally that make one spend more than what is budgeted for the month. However, your earnings will determine your budget but to be on a more safer side, one should not only budget for what you need at home alone but also include emergency and unexpected budgets as miscellaneous funds.

[YUriy1991]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life.

Yes, that's right. Spending more than you make is in my opinion a common financial mistake that can lead to a lot of stress and financial problems. To stop spending more than you make, I think it takes practice, and it's important to make a budget and stick to it. What does it mean? by identifying income, expenses and allocating money we can reduce unnecessary expenses.

There are many steps and ways to earn more money, such as taking part-time jobs or freelancing. In addition, it is very important here "Avoid Accumulating Debt", namely avoiding using credit cards or taking loans unless absolutely necessary and you have a plan to pay them back in full and on time.

[YinShuiSiYuan]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life.

Yes, that's right. Spending more than you make is in my opinion a common financial mistake that can lead to a lot of stress and financial problems. To stop spending more than you make, I think it takes practice, and it's important to make a budget and stick to it. What does it mean? by identifying income, expenses and allocating money we can reduce unnecessary expenses.

There are many steps and ways to earn more money, such as taking part-time jobs or freelancing. In addition, it is very important here "Avoid Accumulating Debt", namely avoiding using credit cards or taking loans unless absolutely necessary and you have a plan to pay them back in full and on time.

This is the problem with majority of people now as jmcomes are limited but spendings are limitless , either its basics or luxuries people are spending more than their desired limits.
Causes are mostly inflation or high prices of basic commodities but incomes are nit increasing in that proportion.

[Freddie Boyer]

Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

True and in my opinion, that not all purchases are created equal. Although lately there are many advertisements that may be tempting as you say it means it is important to refrain and say "no" to items that are not necessary. Spending more than you make can lead to a variety of financial difficulties, including debt, high interest rates and decreased savings.

I think To avoid these negative consequences one should make a habit of carefully evaluating their purchases and focusing on the important things over the pleasures by learning to prioritize needs over wants and creating a budget can be a useful tool in this process as well as getting used to it.

[Sanitough]

Learn to say “no”

This is something that you should really be minding or have this kind of behavior on which it is really better where you dont make yourself get easily tempted on buying things which you do see around.If its something that is beneficial then go ahead but its not something necessary then its better to skip out and avoid it.There are people who do have that good self control and discipline when it comes to things specially
if they are aware on how much they've been earning.

Spending something or an amount which is more than you do earn will really be putting you on huge debt and would really be having some financial problem which is something
that we do really need to avoid on or having this kind of behavior.

Learn to live within your means so that you can live your life free from debt. That’s why a lot of us are drown to debt because we can’t get rid of our wants, when in fact we should prioritize our needs over our wants. However, if we have extra money left, maybe that’s the time to consider purchasing our wants but if we are on a tight budget, learn to weight things which are necessary and which are not.

[Aanuoluwatofunmi]

If you spend than you earn then you will definitely be in debt, this is a simple arithmetic that has no confusion in it no matter how, you spend than you earn, which means you either borrow to live or steal what does not belong to you, for a proper way of planning, our income level must be greater than what we spend, then if we are unable to meet up, we can as well double our income source in other to create enough room for our financial economy demands.

[LogitechMouse]

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

I guess I'm one of the lucky guys around the world because I have a partner who is very expert in budgeting our salary.
She's good that even though our salary is kind of small compare to others, she can still budget it, and we still have extra funds for investing into different assets.

I guess budgeting is a big factor to any couple. For me, it's a necessity already for a couple and I believe that one of them (or better of 2) must know how to budget their salary on a monthly basis, or they might be having a hard time financially in the future. For me, budgeting is a need if we want to succeed in life. Knowing how to budget your money will help you survive if the worst thing happens.  Might be off-topic, but the pandemic thought us to save money. The pandemic thought us that we should've some emergency funds, and that's part of budgeting as well. It's hard to budget at first because you might come to a point that you need to sacrifice something for the betterment.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

Every time I go shopping, or I need to buy groceries, I always have a list of things that I need to buy, and I always have the exact amount of money that I need because I don't want to overspend. Not having a list when buying things in a grocery is a recipe for disaster because you might end up buying things that you don't need.

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.

Not only in money, but all things in life. We must know when to say NO when needed. This is my problem at first TBH. It also come to a point where I will always say YES to everything, and in the end, I was the one who doesn't have anymore. In money, don't get attracted into some sales when you are shopping. Learn to say no to 50% sales, learn to say no to some discounted things out there.

[Oceat]

Well, the list are awesome and helpful but if someone would be spending more than what they earned then that's the fastest way to get broke while struggling where to pay or buy foods when it's time to shop. Probably they will end up borrowing money and to some people it's a never-ending cycle that they get used to though I don't have a problem with people borrowing money to help them when in needs. But when I see someone just spending money like it's their money in the first place for something that isn't helpful at all like in gambling or for their luxurious lifestyle, then that's it I'm done with them already. It's okay to treat yourself once or twice because you deserve that but don't ever ever borrow/loan money just for your selfish desire it's not going to help you in the end.

[AicecreaME]

I also want to add this up.

Before you buy something you want, don't buy it instantly, spend a week thinking about it if you should really buy it, after that, you decide. For me, I always end up not buying the things that I wanted because of that, realization and thoughts will come up to you in that period amount of time, and you'll just say to yourself that you don't want it anymore, so you just saved your money getting wasted on something that you'll only want for a short period of time.

[Twentyonepaylots]

In reality, we all spend more than what we earn thou it is not healthy to our financial life. Having a monthly budget is advisable but unfortunately some unavoidable circumstances do occur occasionally that make one spend more than what is budgeted for the month. However, your earnings will determine your budget but to be on a more safer side, one should not only budget for what you need at home alone but also include emergency and unexpected budgets as miscellaneous funds.

I think this is the truth for most of us, if not spending more than what we earn, most are just making money that is enough for every expenses that they need. Some people's salary is just good to make ends meet since it is hard in these days to budget since inflation is still rising but the wages can't catch up so we end up having less purchasing power. Indeed, we should be able to have a part on our salary to be alloted on emergency fund since this is no doubt helpful to anyone. I think it is hard for some to really just go within what your salary permitted you to spend. But it always takes courage and discipline to master a good financial habit so that you can make a good flow of your salary without compromising your overall lifestyle.

[Cling18]

It is always advised that we should spend based on our earnings and always consider saving before buying our wants. It takes a lot of self-control to do it but we should have the eagerness to discipline ourselves or else, we will end up having financial trouble in the future. We should focus on saving over following our urge to buy unnecessary things if we want to see good results. We should value our hard-earned money by handling our finances wisely because we don't know what could happen in the coming days or even years.

[panganib999]

Do the 7-day trick. 

I am a very casual spender, I spend as much as I breathe back in the day, most of the times for things that I want but I wouldn't see any need at least in the foreseeable future. So I employed a little trick a friend of mine told me while we're having a drink.

"If you want to buy something, but are unsure if it's a good purchase, wait for 7 days. If you still want it after 7 days, go for it, if you don't, then steer away from buying it."

It is by no means a life-changing trick but as it stands today, the 7-day trick has helped me avoid a lot of unnecessary purchases, and I continuously use it for purchases that go over a certain dollar amount. So I figured I'd share it here too, could probably change your life more than it did mine.

[gaston castano]

Learn to say “no”

This is something that you should really be minding or have this kind of behavior on which it is really better where you dont make yourself get easily tempted on buying things which you do see around.If its something that is beneficial then go ahead but its not something necessary then its better to skip out and avoid it.There are people who do have that good self control and discipline when it comes to things specially
if they are aware on how much they've been earning.

Spending something or an amount which is more than you do earn will really be putting you on huge debt and would really be having some financial problem which is something
that we do really need to avoid on or having this kind of behavior.

learn to say "no" is very hard to do, specially if your friend asking for your help or anything else and if we say no we will think if we ask for help someday to our friend they will say  "no" too, so that will make we feel scare.but after do that, we will slowly get used to it.

[famososMuertos]

.../edit Q/::::.

👉👉Use cash only
No.

👉👉Shopping with a list
Ok...

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. ....()

The word finance is really complex in this case, it's expenses, it's that simple, don't get entangled in life or your income.

In fact it's simple math + common sense, you don't need to go five years to college and then apply these simple concepts.

There are many things that you say that are not a linear way of doing things, that is, it is not the only way, it is simple, it works for you, but that does not mean that there are no alternatives.

For example, the use of the TDC, you say no, and it should be the opposite, taking advantage of this mechanism in the correct use can help you obtain an increase in credit, so the point is not to say "don't use the TDC" but to use it correctly.

The TDC depending on the bank if they are paid in a short period of time do not generate interest and I added that one of the best ways to use a TDC is to have the money in the short term to pay them and as I said you do not pay interest, find out the correct use of the TDCs.

Obviously the "error" comes when you use them and you can't pay within 5 days (example).

His conclusion is nothing if not a positive thought and is not based on what he says, I do not understand.

Rescuing something from your OP would be, make a list of priority expenses.

Anyway, look for sites that offer discounts and review which products are not effective in the period of time you make purchases.

This last item is really important and can improve your savings capacity, there are things that are bought and used very little, for example if you buy a product that costs $10 but stays on the shelf for months, I bought a cheaper one based on the presentation, products today come in various presentations, so it may last a month but you only invest $1 so you have $9 to save or spend on other things.

It I just mentioned works in the opposite direction, buying things that we need over a long period of time saves money.

So, that point is basic so that you understand that at the level of basic expenses there are no written rules.

[ItsCrafty]

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

We have increases our spending out of control. At past people lived in mud house. Our grandfather was using 2 or 3 clothes and very rarely they bought new shoes or clothes but now we are demanding more than 10 clothes. For every event we want some extra ordinary thing where we spend most of money. Instead of doing a simple launch and dinner we always look for five star hotel and restaurant which has increased our costs to certain limit.

People forgot the phrase "Cut your coat according to your clothes". If we spend our money according to our salary then it will be make our life prosperous And we will not sink under the burden of debt. I am not saying that we should live life like our grandfather Rather, one should not spend more than necessary.

[KingsDen]

You get used to good things very quickly, and it is almost impossible to wean yourself from them.

This statement of yours is the conclusion of the whole matter. There is this slang adage we use in my nativity. It goes like this "The mouth that started eating money is committed" This really relates to your statement.
When one becomes acquainted with good things, even aminds scarcity and lack, they will try their best to maintain their status quo, which is one main reason people borrow and live above their present earning.
We see this kind of live in persons whose parents were wealth and cater for them in all means, at a point that the parents are no more, they'll become clueless and eventually squander the fortune left for them by their parents.

[isaac_clarke22]

~

Number 2 sometimes depends on where you reside. There would be people that would tell ya that you should consider taking a credit card although it is quite risky to have one and get rid of the bad spending habits especially if you really have many wants.

Along with "shopping with a list", also make sure you already had eaten whatever meal of the day you're supposed to eat as it get rids of that unnecessary spending to foods that could have been way cheaper when you already had taken your lunch.

[dothebeats]

Making a list is one thing, but abiding by it religiously is another. I know a lot of people who have their budgets planned ahead but still succumb to temptation quite easily. There are lots of those people around who earn good money but can't really work with a budget. A lot upgrades their lifestyles after receiving a higher pay, and that must be avoided as much as possible. It's what ruins them financially, and I guess everything else is ruined when you have this kind of mindset too.

Great list, although self-control is what really makes people successful in being financially independent. 

[lixer]

These are very effective and in addition to this is "create a budget".
Creating a monthly budget that outlines your income and expenses.  This will give you a clear picture of your financial situation and help you plan your spending accordingly, and through your list, you can monitor your expenses which is prioritizing your needs over wants.  Make sure to allocate your income to necessary expenses before spending on discretionary items like dining out, shopping, or entertainment.

It's normal for us to create a shopping list when the items that we want to buy are not a few because there is a tendency that we can forget them if we will only memorize them. This is not enough if we are planning to save money because we can end up picking some more items if we found out that we still have a money left after totaling all the items in our cart. This must be the reason why there is a "Control your grocery list" in the OP's list to make saving more effective.

I freshly remember those old days when my grandma was alive and said, when you earned $5 a day, don't spend over that amount on a day, always keep $1 for future investment or set aside a portion of your income into a separate savings account to build an emergency fund that can cover unexpected expenses like medical bills.

Awe, that's sweet. Topics like this must have triggered your memory again with your granny, I feel sorry for you but we must move on and we must follow the advice that they gave to us if they want them to be happy wherever they are now.

[cabron]

These are very effective and in addition to this is "create a budget".
Creating a monthly budget that outlines your income and expenses.  This will give you a clear picture of your financial situation and help you plan your spending accordingly, and through your list, you can monitor your expenses which is prioritizing your needs over wants.  Make sure to allocate your income to necessary expenses before spending on discretionary items like dining out, shopping, or entertainment.

It's normal for us to create a shopping list when the items that we want to buy are not a few because there is a tendency that we can forget them if we will only memorize them. This is not enough if we are planning to save money because we can end up picking some more items if we found out that we still have a money left after totaling all the items in our cart. This must be the reason why there is a "Control your grocery list" in the OP's list to make saving more effective.

I freshly remember those old days when my grandma was alive and said, when you earned $5 a day, don't spend over that amount on a day, always keep $1 for future investment or set aside a portion of your income into a separate savings account to build an emergency fund that can cover unexpected expenses like medical bills.

Awe, that's sweet. Topics like this must have triggered your memory again with your granny, I feel sorry for you but we must move on and we must follow the advice that they gave to us if they want them to be happy wherever they are now.

The percentage must have changed this time. Earn $5, you keep $4 for future expenses or investments and $1 for basic needs.

Control is the key. I use to go grocery with my wife and my kid. And my kid just pick up some chocolate bars. Now I can say it's not good to let kids just pick up just about anything and approve it all. Lately, I already said no and just allow my kid to just pick one only. The kid might hate me for this but this is to limit spending more.

[disconnectme]

The issue in most countries now is that people's income is not enough to take care of their daily needs, and the recent rise in inflation is robbing people of their income, in my country the minimum wage is not enough to take care of you if you don't have extra income coming from a side hustle, you will live on debt and people are getting trapped into this. Someone called me yesterday he has nothing with him and they need to eat, he is married with 2 children and both husband and wife are working but their income can only take care of them for just a week, how do you now expect them to survive if not on debt? People are getting poorer and this is giving me a great concern

[hannahB4]

Your highlighted point are good, there is something called financial intelligence, and this is a strategy we can use to overcome excessive spending that can lead to borrowing more money or not having savings.

[Davidvictorson]

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

Sometimes, one can't just spend below than one earns. It just not possible and it is dependent on where you live, the type of work you do, educational status, marital status, family responsibilities and civic duties. If you live in a culture where communal living is encourage, you would often find yourself taking responsibilities for extended family members which in the long run puts a strain on your finances. Personally, I feel that spending less than you earn exist only a utopian society.

Aside the cultural factors that may make one spend more than one is earning, there are other economic factors too. When inflation is 100% but your monthly income since the past 5 years remains the same. Tell me, is it going to be possible to spend less? That's not possible even on a budget. This is why we see the debt profile among individual households rising by the day.

[TimeTeller]

Your highlighted point are good, there is something called financial intelligence, and this is a strategy we can use to overcome excessive spending that can lead to borrowing more money or not having savings.

Sometimes you only need common sense to avoid  being in debt. Handle your finances wisely.
Also, if you live simple life as you know you have no means for high-end lifestyle.
Assess your financial capabilities, and don't aim for extravagant things if you can't afford yet.
Remember, you don't need material things to survive on this planet.
There are so many things you will be tempted to own, but ask yourself, "do you really need it?," before you purchase one.

[Viscore]

Yes, this is the first thing that I have learned when I started to get a job, bills are piling up, credit card debts, then budget for food and other amenities. So for those who are just starting up it's going to be very difficult unless someone more experience will guide them, like their parents on how to live without having to spend more than you can earn.

Buy what you need and not what you want.
If you have a chance to buy second hand things, then do it. It's not always that you will have to buy brand new which cost a lot.
I also like the pay cash attitude, in this case you don't need to swipe your credit card.
If you can used public transportation, the better.

Live your life as simple as you can. That way, you can avoid an expensive lifestyle which will only let you spend more than you earn, like those who tend to live like rich people but deeply, they are drown to debt. So you should know when to spend and when not to especially when it comes to your needs over your wants. Also, if you can still recycle those old thing you have and are still good enough to use, then why bother buying something new as it only means spending again on your hard-earned money. Learn to save more than to spend more.

[Distinctin]

Take control of your spending today and you’ll reap financial rewards for years to come.

This is the first step for someone who wants to take control of their financial life, and it is essential. With today's ease of getting into debt and the incitement to consume, the easy thing to do is the opposite, spend more than you earn, and if you earn more you start to spend more, and you get stuck in what is known as the rat race. There are many cases of people or family units with high incomes that end up bankrupt or financially drowned because they have been spending more than their income for a long time: credit cards, personal loans, high mortgages, consumer loans, student loans... you name it.

Normally, in order to spend less than you earn, the best thing to do is to make a budget to control income and expenses, and as soon as you get paid, set aside part of it for savings. Over time, instead of having a ball of debt that has become bigger and bigger, you will have a good patrimony.

However, the best way to save is to separate first a portion of your income intended to save before you start to spend them. That way, even if you spend all the remaining money, at least your savings is already secured. But to be more effective, learn to budget your money and never spend on things that are never necessary. It’s a matter of your needs over wants. If you can stick to it, you will certainly reward yourself in the future.

[Botnake]

We have those living on borrowed money, they might have borrowed so much that when they receive their salary, majority goes to replaying the debts then they go back to borrowing again or we have people that spend all their salary on wants immediately they're received then go back to borrowing.

Not all old debts can be paid off if expenses exceed income. New debts will continue to pile up every month and increase over time.

In my opinion, this is more common among people who previously had very high monthly salaries and a luxurious lifestyle. However, when they lose their best job, their monthly salary becomes lower. Despite this, the luxurious lifestyle they adopted cannot be changed, and they continue to live beyond their means even if their salary is not enough. Pressure from their social circle or people around them to maintain their social status often becomes a significant problem in this situation. Someone does not want to lose their existence and chooses to maintain their lifestyle. They may hope to get a job like before by socializing with people who have a high-end lifestyle.

That is why if you can live life free from any debt, then much better so you can live a peaceful life. But let’s just accept the fact that having debts nowadays is already part of living your life, especially if you have a job that pays your debt. But the worst thing about making some debts is you will find it difficult to go out from it. It’s like an addiction that you can’t easily get rid off.

[loopes]

👉👉Shopping with a list
👉👉Control your grocery list

I have something to add that's related to these two and that is before you go shopping, eat before you go. Yes, a very simple thing and reminder to eat before you shop. Because with all of those tasty and craving food that you'll see in the grocery store, you'll not be able to control your hunger and crave from those foods you'll see. That's why with this simple tip, you'll get to save eating out and just to be frugal, it's okay to eat outside but do it when you've got some spare or you think that you're not going to hit your budget when you do. And to have no budget constraints, if you can't help yourself but to spend more then the main solution is to earn more.

I feel what you have suggested. While we are hungry, we are potentially looking most of food on grocery store will look so delicious then coming the desire to buy anythings we are looking at. This small tip will always usefull to control what our grocery list to buy, so we do not spend more money for the things that we do not plan before. it may be small expenditure but if this case is done frequently so it will take a big enough amount of our budget.

[cydrix]

All of your comments are valid, but the second one—the one about using only cash—is partially unacceptable, but it depends on the individual. Going over the budget is presumed to be something you chose to do on purpose as having a shopping list is enough to ensure you only spend what you have written down to acquire. Unless, of course, you do not have a budget to deal with, which is the subject of your first point. Therefore, when a person satisfies the other criteria you listed, they would still go for their intended amount to spend, whether they pay with cash or a card; exceeding that limit because they are paying with a card is a conscious choice.

[South Park]

Not all old debts can be paid off if expenses exceed income. New debts will continue to pile up every month and increase over time.

In my opinion, this is more common among people who previously had very high monthly salaries and a luxurious lifestyle. However, when they lose their best job, their monthly salary becomes lower. Despite this, the luxurious lifestyle they adopted cannot be changed, and they continue to live beyond their means even if their salary is not enough. Pressure from their social circle or people around them to maintain their social status often becomes a significant problem in this situation. Someone does not want to lose their existence and chooses to maintain their lifestyle. They may hope to get a job like before by socializing with people who have a high-end lifestyle.

That is why if you can live life free from any debt, then much better so you can live a peaceful life. But let’s just accept the fact that having debts nowadays is already part of living your life, especially if you have a job that pays your debt. But the worst thing about making some debts is you will find it difficult to go out from it. It’s like an addiction that you can’t easily get rid off.

There are different kinds of debts, there are those which are permissible, like buying a house and pay it after a few years or decades, as very few people have the money to pay for a house with cash, besides the interest rates can be on the low side and you get an asset once you pay your debt, so this is an example of a good debt, but many people indebt themselves, pay very high interest rates and all of that over a piece of junk they will get rid of it after a few years, this is an example of a bad debt.

[Alphakilo]

This is a very dangerous act. Spending more than you earn will make you go bankrupt. Sometimes we try to buy unnecessary things which we dontreally needed. We may desire them but we do not need them. We tend to forget to  differenciate what we need and what we want.
In our spending, we need scale of preference to guide us spend wisely on important things.
This behaviour most times happens to ladies trying to impress their fellow girls and show off.

[be.open]

One of the main problems of the modern world financial system (and one of the main reasons for its inevitable future collapse and total dismantling) is that it encourages the strategy of "spend more than you earn." If you have a high credit score, you can take out more credit and afford a better house and better car than your friend with a low credit score (and less debt). It's the same at the state level, more developed countries have higher credit ratings and snowballing debt against a background of higher living standards. Moreover, it becomes a problem for the state if its citizens massively begin to switch to a savings model of economic behavior, because this is fraught with a recession and a loss in economic growth. Therefore, in a crisis, states are beginning to spend even more to spur consumer optimism, increase inflation and devalue the fiat savings of their citizens. And you have no chance in this game if you don't have bitcoin.

[serveria.com]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

👉👉Control your grocery list
Having meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store.  

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.


Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

Good points, however there are situations in life when you can afford living above your means for a certain period. Like if you have savings (and you know what you're doing) you can spend more than you earn short-term.

[chrisculanag]

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

If it's just me I will control the budget so I can do it. But because my wife is in charge of the budgets at home, it is unlikely to be implemented. 😂 Sometimes our budget for a week is still missing, then an ending I'm adding more 😁. For me its easy to budget and you can save extra cash as long as you have discipline and know how to endure tempting things.

[slashz9]

We can add, don't spend money that is not earned yet. We should avoid this practice so that we can be saved from debt.  People who tend to do this often end up in debt since we are too comfortable in spending thinking that our funds will come soon making us comfortable in overspending and borrowing money from other people.  This kind of action may put us in financial jeopardy and since most borrowed money has an interest, it will incur more unreasonable spending on our side.

unfortunately some people are used to that situation, usually those who have not received a salary and want to quickly buy something they want, then borrow money and will return it with or without interest, I mean they can't wait for a few days before receiving their money, that's become a bad habit.

[Ultegra134]

All of your comments are valid, but the second one—the one about using only cash—is partially unacceptable, but it depends on the individual. Going over the budget is presumed to be something you chose to do on purpose as having a shopping list is enough to ensure you only spend what you have written down to acquire. Unless, of course, you do not have a budget to deal with, which is the subject of your first point. Therefore, when a person satisfies the other criteria you listed, they would still go for their intended amount to spend, whether they pay with cash or a card; exceeding that limit because they are paying with a card is a conscious choice.

I also agree with all points, but not with cash usage. I understand that card purchases make spending money easier, but they are a necessary tool in our day and age. On top of that, you can use them to keep track of your budget through your mobile application, while using cash and keeping track of all your spending isn't as easy or convenient. The issue only arises if you're using them uncontrollably, getting carried away without taking your budget into account, and ultimately spending more than you are earning or can afford.

[demonica]

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

I agree mostly with what you've said. It's really helpful to know these things if you really want to save. But for this one, it doesn't really necessary mean that using cards can make you spend a lot. It depends on the person, if he knows how to use his cards in a smart way. Having credit cards can be great too if you know how to use it, and you can actually save more because of it.

All those things you've mentioned can be done if a person is financially literate and really wants to save money. It takes a lot of self control when it comes to spending on things you need versus on what you just want. I feel like it's easy to tell ways on how to save money but in reality, a lot of people still lack knowledge and skills about these things.

[Webetcoins]

I definitely agree with all other points except for the card one. I'm also a family person and we go shopping as well, and to be honest, having only cash doesn't really stop you from spending more unless you have already taken all the other steps like having a specific list and sticking to it or not buying unnecessary things.

Having a budget for everything is probably the most useful one, and sticking to the budget is very important. You can't add or subtract from a budget allocated for one thing to another or everything will start getting out of proportion.

[ichsan ardi]

Learn to say “no”

This is something that you should really be minding or have this kind of behavior on which it is really better where you dont make yourself get easily tempted on buying things which you do see around.If its something that is beneficial then go ahead but its not something necessary then its better to skip out and avoid it.There are people who do have that good self control and discipline when it comes to things specially
if they are aware on how much they've been earning.

Spending something or an amount which is more than you do earn will really be putting you on huge debt and would really be having some financial problem which is something
that we do really need to avoid on or having this kind of behavior.

I agree with your opinion, learn to say no, learn to be consistent and discipline about something, don't be wasteful, don't spend more than you earn, try to maximize your income, minimize expenses, don't be stingy for yourself, that's something that can make you save and have an emergency fund so we can survive in future.

[Russlenat]

Learn to say “no”

This is something that you should really be minding or have this kind of behavior on which it is really better where you dont make yourself get easily tempted on buying things which you do see around.If its something that is beneficial then go ahead but its not something necessary then its better to skip out and avoid it.There are people who do have that good self control and discipline when it comes to things specially
if they are aware on how much they've been earning.

Spending something or an amount which is more than you do earn will really be putting you on huge debt and would really be having some financial problem which is something
that we do really need to avoid on or having this kind of behavior.

Living your life above your means will definitely put you into financial struggles later on. This is really true to most of us especially if we aim to live a lifestyle that’s not suited for us. While it can make us experience comfort and luxury, but it can also lead us drown into debt. And certainly, that’s very unhealthy for us because we will live life being pressured and stressed on how to pay our debts in time, especially if we have no jobs to pay for them.

[kryptqnick]

Having at least a rough budget (knowing how much comes in and how much you spend on what) is important, I agree with that. I'd also agree about using cash, although the difference isn't as significant and that doesn't work everywhere. If you really need to be strict about the budget, you can set a limit in your online banking, most likely, on daily spending, so that a higher transaction is just rejected. Also, ordering food online and just picking it up can be a bit cheaper and also a way to save some money (because you aren't attracted by those chocolate bars near the cashier and stuff) in some countries. Having a shopping list is also something I do most of the time, but I do allow straying away from a list a little and buying a bit of extras (this really depends on how harsh one's financial situation is, I believe).

[virasisog]

This is actually a challenging thing to do especially npwadays where trends and temptations are everywhere. It really needs self control if we are being tempted to purchase or spend on something that we only want. We should base our lifestyle on how much we are earning so we can spend according to our budget. Exceeding our expenditures will be a reason for us to suffer in the future. If ever our colleagues ask to go out for a meal and we know that it will exceed our budget, we should learn how to say no. We should be responsible and always think of our future.

[umbara ardian]

It is natural for some people to overspend and live beyond their means, but it's not inevitable. In some cases, overspending can be a result of poor financial management or a lack of financial education. However, it's never too late to start implementing good financial habits and creating a plan to spend within your means.

Creating a strict and straightforward plan, such as a budget or a shopping list, is a great way to start managing your finances better. It's important to personalize your plan to fit your specific needs and lifestyle, so it's more effective in helping you achieve your financial goals.

While it's normal to deviate from your plan occasionally, it's important to recognize when you're overspending and make necessary adjustments. Over time, sticking to your plan can become a natural habit, and you'll find that you're able to spend within your means without even thinking about it.

[GideonGono]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

~snip~
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

Actually I am not spending more than what I am earning,
But I am spending more than I should, I want to change that.
I have been busy on working and I use that excuse to cut off sometime to cook for myself and buy the foods that I want even though it is quite pricey.
I also tend to buy more than I should whenever I go to the grocery stores.
I want to save up so I am starting by cooking my own food and hope that it would have a great result.
P.S I am not doing it just to save money now I know that most of the fast food is really unhealthy and I am having some health issue so I want to work on it now, it is like hitting two birds in one stone (Eating healthy and saving money).

[karmamiu]

This is actually a challenging thing to do especially npwadays where trends and temptations are everywhere. It really needs self control if we are being tempted to purchase or spend on something that we only want. We should base our lifestyle on how much we are earning so we can spend according to our budget. Exceeding our expenditures will be a reason for us to suffer in the future. If ever our colleagues ask to go out for a meal and we know that it will exceed our budget, we should learn how to say no. We should be responsible and always think of our future.

It is easy to give in to your desires and would just ended uo regretting that decision and there are even decisions that would even end up as something you have to suffer the consequences for life specially when the decision involves money. Personally, even if I am not someone who is easily swayed by trends, I am somehow struggling bit by bit with money. Although it is not that much if I add eveything up it can give me a headache. The problem nowadays is that, it is much easier to spend specially given that online merchants are very accessible nowadays, and the thing about earning is very hard due to lack of opportunities and jobs out there.

[goaldigger]

This is one of my biggest mistakes on handling my finances, I always go over budget and the result is not that good from me. Since then, I started to learn to control myself and buy only what is important, imagine earning less and spending more, that results to me zero savings at all. I’m rising now slowly but surely, doing things right so I can start saving some money and invest more in cryptomarket.

[Kasabus]

I definitely agree with all other points except for the card one. I'm also a family person and we go shopping as well, and to be honest, having only cash doesn't really stop you from spending more unless you have already taken all the other steps like having a specific list and sticking to it or not buying unnecessary things.

Having a budget for everything is probably the most useful one, and sticking to the budget is very important. You can't add or subtract from a budget allocated for one thing to another or everything will start getting out of proportion.

Bringing cash does not guarantee that you will never overspend, and that you will stick to your budget. There’s still high chances that you might not stick to your budget list because you find other items more cheaper and useful at that moment. At the end of the day, your budget list becomes ineffective. So you have to spend another cash just to secure other items that were missed to buy which means you already spend more than your budget. If that will continue and you never change your style, you might run out of budget and resort into taking loans. And once you start taking loans, believe me it’s always hard to get out from it and find yourself stuck on it.

[EdenHazard]

I definitely agree with all other points except for the card one. I'm also a family person and we go shopping as well, and to be honest, having only cash doesn't really stop you from spending more unless you have already taken all the other steps like having a specific list and sticking to it or not buying unnecessary things.

Having a budget for everything is probably the most useful one, and sticking to the budget is very important. You can't add or subtract from a budget allocated for one thing to another or everything will start getting out of proportion.

Bringing cash does not guarantee that you will never overspend, and that you will stick to your budget. There’s still high chances that you might not stick to your budget list because you find other items more cheaper and useful at that moment. At the end of the day, your budget list becomes ineffective. So you have to spend another cash just to secure other items that were missed to buy which means you already spend more than your budget. If that will continue and you never change your style, you might run out of budget and resort into taking loans. And once you start taking loans, believe me it’s always hard to get out from it and find yourself stuck on it.

No matter what kind type of money you bring in your pocket as long as you can't manage really well on what you really need and what you want in living your life , i mean those people who have so much money in the bank tend to strictly spend their money compared to those who have less money in the bank tend to spend more due lack of financial literacy.

So yeah those who spend more than what they earn havent through much in living the life so they would always feel curious about stuff that they haven't owned.

[Unbunplease]

No matter what kind type of money you bring in your pocket as long as you can't manage really well on what you really need and what you want in living your life , i mean those people who have so much money in the bank tend to strictly spend their money compared to those who have less money in the bank tend to spend more due lack of financial literacy.

So yeah those who spend more than what they earn havent through much in living the life so they would always feel curious about stuff that they haven't owned.

Government policy today is aimed at encouraging people to spend more than they earn. Mortgages, affordable loans, fast money.  Buy now and get a discount (and people buy on credit - even if they don't really need the product). A vacation trip - when a person spends in a month of vacation all the money they saved up for a whole year. The state benefits from credit bondage. Anything can be done with such people, and they will not be able to resist.

[tabas]

👉👉Shopping with a list
👉👉Control your grocery list

I have something to add that's related to these two and that is before you go shopping, eat before you go. Yes, a very simple thing and reminder to eat before you shop. Because with all of those tasty and craving food that you'll see in the grocery store, you'll not be able to control your hunger and crave from those foods you'll see. That's why with this simple tip, you'll get to save eating out and just to be frugal, it's okay to eat outside but do it when you've got some spare or you think that you're not going to hit your budget when you do. And to have no budget constraints, if you can't help yourself but to spend more then the main solution is to earn more.

I feel what you have suggested. While we are hungry, we are potentially looking most of food on grocery store will look so delicious then coming the desire to buy anythings we are looking at. This small tip will always usefull to control what our grocery list to buy, so we do not spend more money for the things that we do not plan before. it may be small expenditure but if this case is done frequently so it will take a big enough amount of our budget.

I have been always the assigned guy to do our groceries and if I want to eat at home, I'll eat at home but whenever I forget to eat at home before going to the store. That's what I can't attain to avoid. Yeah, I eat outside whenever I'm hungry and that crave is never gone but it's mostly just done because I'm hungry and I spend more than the allocated budget that's given to me. That's why it's a small tip and act that everyone probably haven't noticed and when you sum up all of those eating out expenses, you'll be surprised on how much they've been when you do the calculations. I know sometimes we have to treat ourselves and eat outside when you think you deserve it but, sometimes it's also becoming too much.

[karmamiu]

👉👉Shopping with a list
👉👉Control your grocery list

I have something to add that's related to these two and that is before you go shopping, eat before you go. Yes, a very simple thing and reminder to eat before you shop. Because with all of those tasty and craving food that you'll see in the grocery store, you'll not be able to control your hunger and crave from those foods you'll see. That's why with this simple tip, you'll get to save eating out and just to be frugal, it's okay to eat outside but do it when you've got some spare or you think that you're not going to hit your budget when you do. And to have no budget constraints, if you can't help yourself but to spend more then the main solution is to earn more.

I feel what you have suggested. While we are hungry, we are potentially looking most of food on grocery store will look so delicious then coming the desire to buy anythings we are looking at. This small tip will always usefull to control what our grocery list to buy, so we do not spend more money for the things that we do not plan before. it may be small expenditure but if this case is done frequently so it will take a big enough amount of our budget.

I have been always the assigned guy to do our groceries and if I want to eat at home, I'll eat at home but whenever I forget to eat at home before going to the store. That's what I can't attain to avoid. Yeah, I eat outside whenever I'm hungry and that crave is never gone but it's mostly just done because I'm hungry and I spend more than the allocated budget that's given to me. That's why it's a small tip and act that everyone probably haven't noticed and when you sum up all of those eating out expenses, you'll be surprised on how much they've been when you do the calculations. I know sometimes we have to treat ourselves and eat outside when you think you deserve it but, sometimes it's also becoming too much.

Yes once in a while it is never wrong to treat yourself. It is not as if you are torturing your self and act cruel towards your own health. Indeed is never bad but doing it also in moderation and knowing how much your allocated budget can also help. You must know when to act accordingly to your desire and know when to stop if you feel like it is already overly excessive. Money will come and go as they say, and being a hard worker is also a skill but it's not enough if you wanted to achieve financial stability that is why one must have to learn financial awareness and not only practice it but literally apply it.

[Antotena]

Life doesn't have a manual but when it comes to spending, you have to be very minded on how money are spent especially when your spending quota is bigger than what you earn. If you don't have a family and still young, your priorities should be able to earn more and spend less and if you have more resources to start business, do it. You will enjoy every decision you take while doing this financial descipline.

[Pierre 2]

I think main thing to do is to focus on things you need, not things you own. If you start accumulating things you want you will quickly lose your funds. But if you focus on necessary food and clothing you will realize most of things you buy is pretty much unnecessary. Its about consumption discipline. When I first started working I was spending lot more than what I was supposed to. It melted my funds so I couldn't buy enough Bitcoin to profit.

[Fredomago]

👉👉Shopping with a list
👉👉Control your grocery list

I have something to add that's related to these two and that is before you go shopping, eat before you go. Yes, a very simple thing and reminder to eat before you shop. Because with all of those tasty and craving food that you'll see in the grocery store, you'll not be able to control your hunger and crave from those foods you'll see. That's why with this simple tip, you'll get to save eating out and just to be frugal, it's okay to eat outside but do it when you've got some spare or you think that you're not going to hit your budget when you do. And to have no budget constraints, if you can't help yourself but to spend more then the main solution is to earn more.

I feel what you have suggested. While we are hungry, we are potentially looking most of food on grocery store will look so delicious then coming the desire to buy anythings we are looking at. This small tip will always usefull to control what our grocery list to buy, so we do not spend more money for the things that we do not plan before. it may be small expenditure but if this case is done frequently so it will take a big enough amount of our budget.

I have been always the assigned guy to do our groceries and if I want to eat at home, I'll eat at home but whenever I forget to eat at home before going to the store. That's what I can't attain to avoid. Yeah, I eat outside whenever I'm hungry and that crave is never gone but it's mostly just done because I'm hungry and I spend more than the allocated budget that's given to me. That's why it's a small tip and act that everyone probably haven't noticed and when you sum up all of those eating out expenses, you'll be surprised on how much they've been when you do the calculations. I know sometimes we have to treat ourselves and eat outside when you think you deserve it but, sometimes it's also becoming too much.

Un-plan expenses most of the time is higher than the usual, I agree that paying for those extra expenses if being calculated will surprise you, it will apply the title of this post that you spend more than what you can earn, just imagine if you have your monthly expenses and you budget everything to make sure that you'll be able to cover your needs but there's time that you will spend money that's not included with your budget same with the way you said, eating out or treating someone is not part of your monthly expenses its additional that will ruined your finances.

[GeorgeJohn]

Affordable credit allows one to spend more than one earns, but this is a very big trap. Small loans - if you don't stop in time - lead to big loans, and, as a consequence, to credit bondage. So you should try to restrain your desires, and live within your means, otherwise you may not notice how you lose everything.

the people that always been the victim of starting with small loans and graduates with giants loans, is that, its people who don't know how to plan or strategies for something else, when you are living the life of balance in any thing you do after some weeks intervals before you can as well sort yourself out, so from my perspective it's not encouraging the way I have seen it and they way I have microscope it, so therefore I believe if we are giving the privilege of taking things or our needs on credit it will make us not to have a future plans that can be executed due to we cannot give accounts of we have generated so far.

[GigaBit]

I think main thing to do is to focus on things you need, not things you own. If you start accumulating things you want you will quickly lose your funds. But if you focus on necessary food and clothing you will realize most of things you buy is pretty much unnecessary. Its about consumption discipline. When I first started working I was spending lot more than what I was supposed to. It melted my funds so I couldn't buy enough Bitcoin to profit.

I agree with you. Basically, if we can't match our expenses with our income, we have no choice but to carry the debt burden. What we buy in our daily life Have you ever thought that we could have done without buying some things? We can be happy without some things. We can not feel these things immediately but when come to us we are unable to do something. In a practical life, we should all control everything. Especially in terms of cost. Once I spent a lot of money but I don't get it when I need it. So before spending, the income side should be well tuned.

[jokers10]

Un-plan expenses most of the time is higher than the usual, I agree that paying for those extra expenses if being calculated will surprise you, it will apply the title of this post that you spend more than what you can earn, just imagine if you have your monthly expenses and you budget everything to make sure that you'll be able to cover your needs but there's time that you will spend money that's not included with your budget same with the way you said, eating out or treating someone is not part of your monthly expenses its additional that will ruined your finances.

If someone faces with that he has problems with planning unexpected expenses they should use another strategy. I know some people like that: they have on their bank card only what they can spend that day, they add money to it each day and that's why they don't unexpectedly spend more than they have. For bigger expenses they leave 10% of income so they have enough if something really important needed. So it is a way of personal finance organizing: if you feel that you have problems then first idea is to try a different system which can be more suitable for you. Sometimes it helps.

[tabas]

Yes once in a while it is never wrong to treat yourself. It is not as if you are torturing your self and act cruel towards your own health. Indeed is never bad but doing it also in moderation and knowing how much your allocated budget can also help. You must know when to act accordingly to your desire and know when to stop if you feel like it is already overly excessive. Money will come and go as they say, and being a hard worker is also a skill but it's not enough if you wanted to achieve financial stability that is why one must have to learn financial awareness and not only practice it but literally apply it.

It's understandable that life is tough for some and even eating out is being controlled. But then, you have to understand your situation if it's doable or not because just to have some of these tips being followed then it means that you're aware of your current situation.

Un-plan expenses most of the time is higher than the usual, I agree that paying for those extra expenses if being calculated will surprise you, it will apply the title of this post that you spend more than what you can earn, just imagine if you have your monthly expenses and you budget everything to make sure that you'll be able to cover your needs but there's time that you will spend money that's not included with your budget same with the way you said, eating out or treating someone is not part of your monthly expenses its additional that will ruined your finances.

Yes, we do spend more than we intend to save and earn because of those unplanned expenses. And that's why with such eating out that's not part of the budget and not planned, you'll see how much it will cost you if it's always done surprisingly. No one shall stop you from treating yourself but if it's too much to take and with inflation and cost of living in your area is also increasing, you'll really feel that.

[YOSHIE]

Take control of your spending today and you’ll reap financial rewards for years to come.

Whatever you say by spending money, shopping and so on, if one person seeks and 5 people eat it, whatever methods, tricks you use, you still lose, expenses are still bigger than income, but if 4 people looking for the economy 5 people eat, then you will get victory in your economy.

If today you get $100 that feeds 5 people, whatever you try to do won't work.

👉👉Create a Budget (or Improve Your Existing Budget)

Will not work if into your life as I said above.

👉👉Use cash only

If you are alone, but if your responsibility is 5 people in your family, it will not work.

👉👉Shopping with a list

If you are alone, if more than one 5 people, automatically you need 4 more lists to be spent.

👉👉Control your grocery list[/b]

What about other people, for whom you are responsible.

👉👉Learn to say “no”

Are you able to refuse requests that you are responsible for such as: wife and children.

The methods and tricks you do are fine, if you are alone, but if you have 5+ responsibilities in vain, they never work.

[cafee_orange]

I think your writing is very meaningful for anyone who reads it, in my opinion this is in the form of financial advice for everyone.
Not all desires are needs, and every need must be fulfilled. meaning that if we follow our desires, no amount of money will be enough for us, because desire is a high lifestyle. therefore in my opinion, the solution for a better life is to prioritize needs not wants.

[Fesatmas]

snip
CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

I have financial management, both from liabilities, investments, emergency funds, basic needs funds, insurance, wishes and other small things that are made for health in my financial flow I design it well even I offer that thought to other people and they agree, but it's bad in the middle of the road when something unexpected exceeds the cost that was prepared to make me look bad in managing my own finances, and it's true that it's only easy to say and plan while implementing is a very difficult thing because it's a real form which is far from what we think.
But it must really happen on the way to better financial stability in the future.

[Baoo]

Well, you have mentioned some useful points OP, the most important tip is the last one ( Learn to say NO ). Regrettably, too many people couldn’t control their desires, they be purchasing  unnecessary goods and items without any reason. In my opinion, the main reason of this widespread issue is the negative impact of social media ( specifically ads and influencers) on people who have lack of self control. For me, I would rather save money and invest them in crypto or businesses than waste them on useless stuff. In fact, we have to be completely ready for any sudden surprises and plan for tomorrow. Unfortunately, we don’t know what life is going to bring for us. So the more we have treasures ( like, lands, gold, businesses.. ) , the safer we and our families are.

[mvdheuvel1983]

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you.
It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

I recall an episode on the Dave Ramsey show where he said, "if you can't pay for something in cash, in full, then you can't afford it- whatever it is." And it hit me. But then again we live an era where debt is glorified, where you can buy some today and have a payment plan for the next six months,
where loan sharks are all of the place calling, texting, and emailing you to tell you, you have so-so and so discount off when you take out a loan. Unfortunately, most people are carried away and fall for it.

[molsewid]

Well, you have mentioned some useful points OP, the most important tip is the last one ( Learn to say NO ). Regrettably, too many people couldn’t control their desires, they be purchasing  unnecessary goods and items without any reason. In my opinion, the main reason of this widespread issue is the negative impact of social media ( specifically ads and influencers) on people who have lack of self control. For me, I would rather save money and invest them in crypto or businesses than waste them on useless stuff. In fact, we have to be completely ready for any sudden surprises and plan for tomorrow. Unfortunately, we don’t know what life is going to bring for us. So the more we have treasures ( like, lands, gold, businesses.. ) , the safer we and our families are.

I agree, I am one of those people who can't say no so easily. We are living in an Asian family, where we all live together and other relatives. There will be some time they will ask you some things that they needed because they can see that you are capable and you will grant their wishes because they are elderly and there where the story starts, that is what I am feeling for years now and also the reason why I don't have a budget for myself.

[Vaculin]

Learn to say “no”

This is something that you should really be minding or have this kind of behavior on which it is really better where you dont make yourself get easily tempted on buying things which you do see around.If its something that is beneficial then go ahead but its not something necessary then its better to skip out and avoid it.There are people who do have that good self control and discipline when it comes to things specially
if they are aware on how much they've been earning.

Spending something or an amount which is more than you do earn will really be putting you on huge debt and would really be having some financial problem which is something
that we do really need to avoid on or having this kind of behavior.

This is the best option to stop yourself from spending. In life, you can’t get everything you want, so you have to prioritize which ones are highly needed and which ones are not. It’s needs over wants actually. And by learning to say no to those who are non-essentials in the first place, you could have saved more than to spend above your means. That way, you will never be force to take debts and just enjoy whatever you can afford in life.

[karmamiu]

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you.
It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

I recall an episode on the Dave Ramsey show where he said, "if you can't pay for something in cash, in full, then you can't afford it- whatever it is." And it hit me. But then again we live an era where debt is glorified, where you can buy some today and have a payment plan for the next six months,
where loan sharks are all of the place calling, texting, and emailing you to tell you, you have so-so and so discount off when you take out a loan. Unfortunately, most people are carried away and fall for it.

It is because most people nowadays are blinded by the fact that they are expecting salary in the next two weeks or a month, and I am also guilty with that fact. Though that also depends on how you manage your own finances as long as it isn't excessive enough to ruin your next six months of life. It's easy to be carried away knowing that you are expecting something and you know that it is within your budget but sometimes I am thinking that if I couldn't recover in the next 3 months then it is not worth my salary sacrifice.

[Mpamaegbu]

Do people actually spend more than they earn? I am yet to understand how it works. If people actually spend more than they earn, the extra money they spend, where does it come from?
Or when they use their savings, it means spending more than  they ear.
In the worse scenario, are there people that spend all they earn and go borrowing every month to augment their living?

Yes, there are people who live that way. It's a classical example of living from hand to mouth. I see this scenario with those in my country who earn the bearest of the minimum wage and have a nuclear family of two to four children. The circle of borrowing repeats itself every second week of receipt of salary because what is paid isn't even enough to take care of two people let alone a family of six. However, there are those who earn well to take care of their basic needs but will indulge luxurious living they can't match financially. These ones are foolish as they go a borrowing just to meet up with their affluent cravings.

[slapper]

Do people actually spend more than they earn? I am yet to understand how it works. If people actually spend more than they earn, the extra money they spend, where does it come from?
Or when they use their savings, it means spending more than  they ear.
In the worse scenario, are there people that spend all they earn and go borrowing every month to augment their living?

Yes, there are people who live that way. It's a classical example of living from hand to mouth. I see this scenario with those in my country who earn the bearest of the minimum wage and have a nuclear family of two to four children. The circle of borrowing repeats itself every second week of receipt of salary because what is paid isn't even enough to take care of two people let alone a family of six. However, there are those who earn well to take care of their basic needs but will indulge luxurious living they can't match financially. These ones are foolish as they go a borrowing just to meet up with their affluent cravings.

Sure, it's a piece of cake to point fingers at folks scraping by, but let's face it: they're up against a colossal, unfair system. Minimum wage? In many places, it's a bad joke, nowhere near enough for a decent life, let alone raising a family.

Time to shift gears! Stop blaming people and start fixing this broken mess. Let's rally for a living wage, basic needs like homes, healthcare, and education. That's when we'll have a tremendous, fair society. Wild, right?

[uneng]

Sure, it's a piece of cake to point fingers at folks scraping by, but let's face it: they're up against a colossal, unfair system. Minimum wage? In many places, it's a bad joke, nowhere near enough for a decent life, let alone raising a family.

Time to shift gears! Stop blaming people and start fixing this broken mess. Let's rally for a living wage, basic needs like homes, healthcare, and education. That's when we'll have a tremendous, fair society. Wild, right?

The best you can do is to take care your own life, doing the best for yourself and your family. Forget collective causes which will demand hundreds of thousands of people to make changes that won't change anything after all, because the ones at leadership positions will always be corrupted to keep the currently unfair system going on (that is how they keep themselves at leadership positions, at first place).

We, as independent individuals can change nothing for real. All the promises you hear about a fair society are lies, because humans aren't fair on their subverted nature. They will always put their personal interests above the interests of everyone else inside the society.

The fools who believe on these empty promises and wake up to reality later are the ones who suffer the most. Avoid it for your own good.

[CryptoHeadlineNews]

In addition to the beautiful list O.P. just explain above, I will like to add mine that another way to control how much we spend is by stopping the habit of always trying to impress people whenever we find ourselves in the crowd. Because  I have seen many guys fall into this category, whereby in the process of trying to impress a lady they just toast and she agreed to on a date with him, they don't mind spending their last cash as a show of love.
Secondly, another way to reduce how much we spend is by trying to inculcate the habit of privacy, as it's not everybody who should know when you have funds or not.

[cydrix]

All of your thoughts are valid, but the second one—the one about using only cash—is partially unacceptable, but it depends on the individual. Going over the budget is presumed to be something you chose to do on purpose as having a shopping list is enough to ensure you only spend what you have written down to acquire. Unless, of course, you do not have a budget to deal with, which is the subject of your first point. Therefore, when a person satisfies the other criteria you listed, they would still go for their intended amount to spend, whether they pay with cash or a card; exceeding that limit because they are paying with a card is a conscious choice.

[Fredomago]

In addition to the beautiful list O.P. just explain above, I will like to add mine that another way to control how much we spend is by stopping the habit of always trying to impress people whenever we find ourselves in the crowd. Because  I have seen many guys fall into this category, whereby in the process of trying to impress a lady they just toast and she agreed to on a date with him, they don't mind spending their last cash as a show of love.

This one fall to unexpected expense which really common to impress someone, I agree that if you will manage to avoid this kind of spending, you'll be able to save a lot, something that really needs to be control, not exactly only for impressing opposite sex but also to impress someone that you are already in a good place in terms of financial capabilities.

Secondly, another way to reduce how much we spend is by trying to inculcate the habit of privacy, as it's not everybody who should know when you have funds or not.

Precisely, better to be quiet if you have money and not to let everyone knows that you are capable of treating them if someone will ask for that kind of favors.

[Mpamaegbu]

~snipped~

Sure, it's a piece of cake to point fingers at folks scraping by, but let's face it: they're up against a colossal, unfair system.

I'm lost at your comment because I didn't see anywhere I finger pointed at folks scrapping for their daily living. I only made my observation in support of the happenstance that there are people who spend more than they earn and why they do so.

Let me quickly add that there are people whose mindset is not to ever risk anything business wise. They rather relied on government for employment and better inducements. They're career civil servants who are cut out for the 8–5 type of job, either in the private or public service. All they're interested in is just get a paid job and earn salary, that's all. No matter what anyone does to get them into business or self employment to improve their financial standings, they won't hear of it. So, do you waste your sympathy on such people?

[MiF]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

👉👉Control your grocery list
Having meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store.  

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.


Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

I agree on that if we spend less than what we earn we can creat savings, because we can save the money that is not used, maybe it is hard but if we are going to think about the future and we wanted to save maybe we can save a lot. Many people is suffering financial crisis because they don't save they buy unimportant things and they get a loan with interest,

[blockman]

I will like to add mine that another way to control how much we spend is by stopping the habit of always trying to impress people whenever we find ourselves in the crowd. Because  I have seen many guys fall into this category, whereby in the process of trying to impress a lady they just toast and she agreed to on a date with him, they don't mind spending their last cash as a show of love.
Secondly, another way to reduce how much we spend is by trying to inculcate the habit of privacy, as it's not everybody who should know when you have funds or not.

Very well said.
In times of social media and the digital age, we want people to see how lavish we're living but at what cost? At a cost that with our internal problems and we're dealing with lacking financial in more important things. There's really no need to impress other people based on what they see with us. If they don't like us then just accept the fact that they don't like us but we don't need their validation in things that are making us happy. Because you get to impress others, it's really going to cost you a lot and it's a never-ending impressing act to them because that's making you feel satisfied that they're also satisfied with you. But then, there's no need for that actually and just live lowkey and don't live beyond your means which is actually what the topic means.

[Hamphser]

I will like to add mine that another way to control how much we spend is by stopping the habit of always trying to impress people whenever we find ourselves in the crowd. Because  I have seen many guys fall into this category, whereby in the process of trying to impress a lady they just toast and she agreed to on a date with him, they don't mind spending their last cash as a show of love.
Secondly, another way to reduce how much we spend is by trying to inculcate the habit of privacy, as it's not everybody who should know when you have funds or not.

Very well said.
In times of social media and the digital age, we want people to see how lavish we're living but at what cost? At a cost that with our internal problems and we're dealing with lacking financial in more important things. There's really no need to impress other people based on what they see with us. If they don't like us then just accept the fact that they don't like us but we don't need their validation in things that are making us happy. Because you get to impress others, it's really going to cost you a lot and it's a never-ending impressing act to them because that's making you feel satisfied that they're also satisfied with you. But then, there's no need for that actually and just live lowkey and don't live beyond your means which is actually what the topic means.

Very rampant on in todays era or generation which you could really see those lavish lifestyle of someone who do keep on posting basing up on what he/she had purchased but ending up on having lots of loans

and would be having some problems on paying those in mortgages just because they cant really be able to sustain on doing so.Until you would be able to watch and see out that they've been assuming out their cars and other properties which is really that in todays fact or reality. This is why its better to be that lowkey on which even you do know that you could buy car if you wanted to but didnt
really make some showcase or showoff then i do prefer on this way.

This isnt a race on whose rich or not, this is a race on which on who would be able to sustain their lives and making a comfortable living without having no loan problems or
whatsoever that is correlated to financial aspect.

[GigaBit]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

👉👉Control your grocery list
Having meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store.  

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.


Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

I agree on that if we spend less than what we earn we can creat savings, because we can save the money that is not used, maybe it is hard but if we are going to think about the future and we wanted to save maybe we can save a lot. Many people is suffering financial crisis because they don't save they buy unimportant things and they get a loan with interest,

It seems very simple but in real life the importance of savings is immense. No man can reach his goal without saving. Savings is the only tool for fulfilling one's hopes and aspirations. Moreover, people who only earn money and spend it can end up in debt anyway and their lives can go through hardships. Every person needs to save by controlling the expenditure depending on his income. Even if your savings today is a simple amount, it can turn into a big asset in the future and you can realize your big dreams in a reliable investment of that savings. Controlling expenditure is a difficult task in the present day as inflation has risen but still considering the future one must be careful about saving money.

[blockman]

Very well said.
In times of social media and the digital age, we want people to see how lavish we're living but at what cost? At a cost that with our internal problems and we're dealing with lacking financial in more important things. There's really no need to impress other people based on what they see with us. If they don't like us then just accept the fact that they don't like us but we don't need their validation in things that are making us happy. Because you get to impress others, it's really going to cost you a lot and it's a never-ending impressing act to them because that's making you feel satisfied that they're also satisfied with you. But then, there's no need for that actually and just live lowkey and don't live beyond your means which is actually what the topic means.

Very rampant on in todays era or generation which you could really see those lavish lifestyle of someone who do keep on posting basing up on what he/she had purchased but ending up on having lots of loans

and would be having some problems on paying those in mortgages just because they cant really be able to sustain on doing so.Until you would be able to watch and see out that they've been assuming out their cars and other properties which is really that in todays fact or reality. This is why its better to be that lowkey on which even you do know that you could buy car if you wanted to but didnt
really make some showcase or showoff then i do prefer on this way.

This isnt a race on whose rich or not, this is a race on which on who would be able to sustain their lives and making a comfortable living without having no loan problems or
whatsoever that is correlated to financial aspect.

This generation has built the idea of waiting for others' approval for them to get satisfied. But then, as soon as they see the effect of their way of living and how costly it is. They'll turn and will start to see the good side that you shouldn't really need any of theirs.
Just live your life the way it is without trampling other people and just minding your own business. Soon, they'll get to see how your life was turned and changed and you're living based on the budget that you're having and the income that you're getting.
No need to impress other people and they'll be impressed with how you're interacting with your way of living.

[odunybiz]

Learn to say “no”

This is something that you should really be minding or have this kind of behavior on which it is really better where you dont make yourself get easily tempted on buying things which you do see around.

Most time Ads are used by seller to attract the attention of  buyers. It better for one to have a good self control on financial matters to help one overcome Ads at such moment.

If its something that is beneficial then go ahead but its not something necessary then its better to skip out and avoid it.

It isn't all beneficiary things that worth buying at the moment. Some item may be important but not still need at the moment. Such item can also be skill till it needs arise. This is why a scale of preference is highly important in ones life to help minimize spending.

[smile1218]

Spending more than you earn is a big No for me. This type of lifestyle will lead people to a large debt that they cannot even pay. In spending money you have to think it wisely, ask yourself if it is just a want or a need. Proper budgeting is the solution so that you could not spend more. You don't need to follow the lifestyle of your friends if they could really afford it. In my experience i do not spend money to things that i do not need and I do always budget the salary i am receiving semi-monthly. I used to bring food cooked from my house to work so that i would not spend some on fast foods. We all know fast foods nowadays are a bit pricey.  That's why think so many times before you spend.

[Etranger]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

👉👉Control your grocery list
Having meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store.  

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.


Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

I get your point and in many cases this should work and improve one's financial situation, maybe make it even more stable. However, don't you think that this steps are focused on spending less, instead of earning more? I am not saying that splurging is a good idea, and that you don't need to limit yourself in any way in your desires, especially if you rationally understand that they are spontaneous and fleeting, and you don't really need them that much. But focusing on lower costs clouds thinking and blocks creative ideas about how to earn more. And then a person very often cannot go beyond his fixed salary. Yes, of course, with these rules, one will manage what he has quite well. But will he ever have more?

[Renampun]

...

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

👉👉Control your grocery list
Having meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store.  

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.


Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

people who shop so much (they are even willing to go into debt just to satisfy their shopping desires) that they can't control themselves are called "shopaholics". I have a friend who is like this (I happen to know her since I was a girl) and she is even involved in debt of up to hundreds of millions of rupiah just because of her crazy shopping and holiday tendencies.

shopping and going into debt only satisfies the desire for a moment, for the long term it is a very destructive habit, wise people will definitely only shop according to their needs, I have heard that the Japanese people's living habits are very good, they will only buy what is needed, not would be a waste of money.

[slapper]

~snip~

Very rampant on in todays era or generation which you could really see those lavish lifestyle of someone who do keep on posting basing up on what he/she had purchased but ending up on having lots of loans

and would be having some problems on paying those in mortgages just because they cant really be able to sustain on doing so.Until you would be able to watch and see out that they've been assuming out their cars and other properties which is really that in todays fact or reality. This is why its better to be that lowkey on which even you do know that you could buy car if you wanted to but didnt
really make some showcase or showoff then i do prefer on this way.

This isnt a race on whose rich or not, this is a race on which on who would be able to sustain their lives and making a comfortable living without having no loan problems or
whatsoever that is correlated to financial aspect.

It's jaw-dropping, folks, how many people go to extremes just to show off on social media! They're sinking into debt to keep their image? It's like a ticking time bomb in society, people caring more about things than financial sense.

You're right, lowkey is the way to go, but there's more to unravel here. People should ponder their money choices like decoding a mystery, looking at long-term goals, not just instant gratification.

Pressure to be like everyone else? It's enormous, like a never-ending maze. But happiness and success? They come from inside, not from piles of cash or stuff. Absolutely fantastic!

[Rupok]

The current situation in the country, so this matter is very common. Every family now spends more than their income. This problem has arisen due to high increase in commodity prices.Finance is a very important part of people's life, so everyone is running towards achieving financial success.We need more revenue to be successful. To manage life, many things are required.  But many fail to meet their needs.  Later they became indebted to meet their needs.Gass bill increase, electricity bill increase, house rent increase due to which people are not able to control their funds.

[odunybiz]

Yes, there are people who live that way. It's a classical example of living from hand to mouth. I see this scenario with those in my country who earn the bearest of the minimum wage and have a nuclear family of two to four children. The circle of borrowing repeats itself every second week of receipt of salary because what is paid isn't even enough to take care of two people let alone a family of six.

This is very common among West Africans. And this is because they fail to plan their life accordingly with their wife. I think one should consider is present financial situation before giving birth anyhow. I'm not expecting a man with minimum wage as salary to have more than 2 children. After everything, they give birth to this children without a proper care. Imagine a 5 years old kid hawking water all about the street.

Above are images of children hawking around the street.
A lifestyle of giving birth to many children with little care should be stopped in our society for the development of the country.

[freedomgo]

Learn to say “no”

This is something that you should really be minding or have this kind of behavior on which it is really better where you dont make yourself get easily tempted on buying things which you do see around.If its something that is beneficial then go ahead but its not something necessary then its better to skip out and avoid it.There are people who do have that good self control and discipline when it comes to things specially
if they are aware on how much they've been earning.

Spending something or an amount which is more than you do earn will really be putting you on huge debt and would really be having some financial problem which is something
that we do really need to avoid on or having this kind of behavior.

I have to agree with this. Never think that with money on hand, you can buy as much as you want without weighing things if they are really necessary or not. This is the reason why most of the people end up broke  because they tend to spend on the things that are not really useful in their lives, because they are influenced by some other buyers too, or they are tempted because it’s on sale. Remember to stick on your budget and on your budget list, and learn to say no for those who are not listed in your budget list.

[Unbunplease]

You can live your whole life on credit, creating more and more debt. But who will pay for all this? The answer is your relatives. But do they deserve such a burden? Maybe it's better to moderate your desires - instead of an expensive vacation go to the woods, instead of a new smartphone just keep using the old one? 

[Captain Corporate]

Sometimes thats actually a good thing. Depends on the situation you are in of course, because its not a common thing to spend more than you earn and that being a good thing. I live in Turkey, official inflation was at %100 for a while, unofficially we had stuff ranging from %200 to even as high as %300 in the last 2 years, and I believe it was much more than %100 for sure, I can name a million things that went up more than that, even as simple as grocery store stuff. All in all, that means if you want to buy something, and you will buy it "eventually", then making a debt and buying it as soon as possible is a good thing, because it will go up a lot in price, sure if you live in a nation with %5 inflation that may not sound reasonable, but in a one with %100+ inflation that means you actually paid %50 less on it compared to a year later. So make a debt today, buy it, and then it will go up so you are in profit.

[Vaskiy]

You can live your whole life on credit, creating more and more debt. But who will pay for all this? The answer is your relatives. But do they deserve such a burden? Maybe it's better to moderate your desires - instead of an expensive vacation go to the woods, instead of a new smartphone just keep using the old one? 

The worst of one's life is dying with debts. When someone dies he/she shouldn't have debts. We need to prepare for such a level of living and move accordingly. This isn't an hard task, because most of the people's debts were through unwanted expenses. Maybe some practice to limit the spending and living according to our earnings could make life better. Some people never think about repaying the debts, for them it looks easy. People who have the mind to repay always have frustration and doesn't have free mind to think big. This itself ruin one's life and never lets them grow.

[Etranger]

Sometimes thats actually a good thing. Depends on the situation you are in of course, because its not a common thing to spend more than you earn and that being a good thing. I live in Turkey, official inflation was at %100 for a while, unofficially we had stuff ranging from %200 to even as high as %300 in the last 2 years, and I believe it was much more than %100 for sure, I can name a million things that went up more than that, even as simple as grocery store stuff. All in all, that means if you want to buy something, and you will buy it "eventually", then making a debt and buying it as soon as possible is a good thing, because it will go up a lot in price, sure if you live in a nation with %5 inflation that may not sound reasonable, but in a one with %100+ inflation that means you actually paid %50 less on it compared to a year later. So make a debt today, buy it, and then it will go up so you are in profit.

Yes, debt situations depend so much on a conditions of the country you live in. The situation in developing countries cannot be compared with the countries of the European Union or the USA. I live in Ukraine, and it is actually not so easy to get a loan for a decent amount that would provide you with at least an average apartment. Bank loan interest rates exceed 60% per annum, the national currency experiences frequent cases of devaluation and inflation. Bank loans under such conditions are mostly taken by desperate people who understand that this will be a burden for their entire lives, but the situation does not allow them to do otherwise. Due to such credit conditions, the economy does not develop, although it is reasonable credit systems that would encourage it to develop. I understand why many people don't like living on credit and see it as a limitation, but in some cases, like in my country, without this system, things move so slowly that people can't even partially implement ideas that would eventually bring much more profit and pay off these loans in full.

[xSkylarx]

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

I came from a poor family we really always do this since we only have budget for this food and we shouldn't exceed on it because if we do we will got short on other things , this only applies if you really on tight budget but when I've got a family i do always prioritize our food so that we can eat healthy and delicious food that is why whenever i do have extra on my salary I put it in food to buy so that we can purchase more and meaning of that it will take more days before we will buy again.

[Fredomago]

You can live your whole life on credit, creating more and more debt. But who will pay for all this? The answer is your relatives. But do they deserve such a burden? Maybe it's better to moderate your desires - instead of an expensive vacation go to the woods, instead of a new smartphone just keep using the old one? 

The worst of one's life is dying with debts. When someone dies he/she shouldn't have debts. We need to prepare for such a level of living and move accordingly. This isn't an hard task, because most of the people's debts were through unwanted expenses. Maybe some practice to limit the spending and living according to our earnings could make life better. Some people never think about repaying the debts, for them it looks easy. People who have the mind to repay always have frustration and doesn't have free mind to think big. This itself ruin one's life and never lets them grow.

Practice is the best way to avoid doing such things, having debts with unmanageable loans will put burdens to your finances, if you handle things the right way and you avoid stuff that's not really a need but just a wants then you are away from taking loans that's not appropriate to the capabilities that you have in terms of financial state.

You should be aware that spending more than what you can afford will always end up to loaning the money to cover it.

Keep on track with your expenses and make a good balance for everything.

[Mpamaegbu]

After everything, they give birth to this children without a proper care. Imagine a 5 years old kid hawking water all about the street.

I think this is not true. Your assertion is kind of  hasty in generalization. Life happens and things take different turns. While I acknowledge that it's not proper for kids to hawk to support their parents which is an abnormality, I also want to admit that most of those families didn't set out that way before life happened to them. I've seen enough of reality to conclude that life itself isn't theoretical like paper work but practical.

Imagine a family where the husband and wife are civil servants with miserable salaries that don't even come regularly as and when due. Imagine a family where the husband is a commercial biker rider (Okada) or tricycle rider (Keke) and the government bans such services in the routes he plies, and the wife sells in a market place demolished by government? Just keep imagining things and what such families would turn to for survival.

My point in all that is – Most times, families have such situations thrown on them.

[ZAINmalik75]

Create a Budget (or Improve Your Existing Budget)
Shopping with a list
Control your grocery list
Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.

It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

There is a famous saying that your feet should be as wide as your cloak.People who always spend more than their income are often seen in debt.However, some portion of the income should be saved from the beginning and this may be your best method of saving.You should never buy anything you don't need without needing it as you increase your expenses ,No matter how cheap you get the item.But there are some people whose income is low and they face great difficulty in controlling their expenses.Because daily necessities are needed by every human being, whether one's income is low or one's income is high, but essential daily necessities are needed by every human being.Because if the income is low, no matter how much you control your expenses, you will have to buy the things you need.But according to my opinion side business with income should be done as well because those who do other business along with job can save for themselves.Because it is very difficult to meet your expenses and save in one income, so you can also control your expenses and save by doing a side business.

[AnonBitCoiner]

Affordable credit allows one to spend more than one earns, but this is a very big trap. Small loans - if you don't stop in time - lead to big loans, and, as a consequence, to credit bondage. So you should try to restrain your desires, and live within your means, otherwise you may not notice how you lose everything. 

True because we should minimize our expenses otherwise if our expenses will become big trouble for our income as the situations are not always same. There comes difficult time and if we are not living a simple life so whenever the conditions become hard we will not be able to face these issues so that time will be more difficult for us to live life.

We earn and earn more to live a healthy life but as our earning enhances so our desire also enhances therefore its important to keep control our desires and make it with accordance to our earning.

[Cookdata]

All of your thoughts are valid, but the second one—the one about using only cash—is partially unacceptable, but it depends on the individual. Going over the budget is presumed to be something you chose to do on purpose as having a shopping list is enough to ensure you only spend what you have written down to acquire. Unless, of course, you do not have a budget to deal with, which is the subject of your first point. Therefore, when a person satisfies the other criteria you listed, they would still go for their intended amount to spend, whether they pay with cash or a card; exceeding that limit because they are paying with a card is a conscious choice.

The trend towards a cashless policy and the introduction of CBDC in many countries has prompted many to advocate for the elimination of fiat currency and the digitization of all transactions but OP is recommending the continued use of cash which is bad in my opinion. In my country early this year, a digital settlement was adopted and made mandatory, so I rarely use Fiat now except when it is absolutely necessary. However, the government temporarily reversed the cashless policy due to public stress, but personally, I have grown accustomed to the convenience of digital transactions; the only instances where I use cash are when debit cards are not accepted especially the street vendors.

Op highlighted good points but all are his opinions which cannot be accepted everywhere, what I think is that in order to decrease your spending, you need discipline as a guide, whether you use cash or digital means, without self-control to restrain yourself and recognize when enough is enough, nothing will prevent you from spending excessively, there is time to enjoy life and there is time to call a spade a spade.

[Quidat]

You can live your whole life on credit, creating more and more debt. But who will pay for all this? The answer is your relatives. But do they deserve such a burden? Maybe it's better to moderate your desires - instead of an expensive vacation go to the woods, instead of a new smartphone just keep using the old one? 

The worst of one's life is dying with debts. When someone dies he/she shouldn't have debts. We need to prepare for such a level of living and move accordingly. This isn't an hard task, because most of the people's debts were through unwanted expenses. Maybe some practice to limit the spending and living according to our earnings could make life better. Some people never think about repaying the debts, for them it looks easy. People who have the mind to repay always have frustration and doesn't have free mind to think big. This itself ruin one's life and never lets them grow.

Practice is the best way to avoid doing such things, having debts with unmanageable loans will put burdens to your finances, if you handle things the right way and you avoid stuff that's not really a need but just a wants then you are away from taking loans that's not appropriate to the capabilities that you have in terms of financial state.

You should be aware that spending more than what you can afford will always end up to loaning the money to cover it.

Keep on track with your expenses and make a good balance for everything.

There are good debts and bad debts and this would be entirely depending on where you would be applying it, considering that even myself does have that financial sustainability came out from other sources or investment but i do still continue to get some loan and building up my credit which it do really raises up my score and to have that better standing and record which means that
whenever i do tend to get some loan or borrowing money then they could be able to offer me the best rates and interest and amount which is something that you could also make
use specially on establishing other source of income or simply with investment.

This is why when you do took up some debt for the sake of investment then you shouldnt hesitate but of course you should really be that assuring that you could really be able to pay up
without having no problems.If ever you arent that sure or doesnt have plans on the amount you are taking to loan then its better not to proceed on.

[Altryist]

Practice is the best way to avoid doing such things, having debts with unmanageable loans will put burdens to your finances, if you handle things the right way and you avoid stuff that's not really a need but just a wants then you are away from taking loans that's not appropriate to the capabilities that you have in terms of financial state.

You should be aware that spending more than what you can afford will always end up to loaning the money to cover it.

Keep on track with your expenses and make a good balance for everything.

These are not obvious things for everyone, especially since credit is now available to almost every person, which is not very good, since this can lead to large debts. Even small amounts can turn into very significant debts if the loan is not repaid on time. If spending exceeds income, it can't last long, for obvious reasons. I think that this speaks of a lack of financial literacy, and if there is such a problem, then you need to think about its root cause, otherwise nothing will change.

[RockBell]

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

I came from a poor family we really always do this since we only have budget for this food and we shouldn't exceed on it because if we do we will got short on other things , this only applies if you really on tight budget but when I've got a family i do always prioritize our food so that we can eat healthy and delicious food that is why whenever i do have extra on my salary I put it in food to buy so that we can purchase more and meaning of that it will take more days before we will buy again.

Wow interesting actually learning new things every day and having to stick to your budget takes a lot of discipline which is very good, having to make enough provision was an intelligent decision to have to take on like most people who earn and spend everything just to keep up with there fake lifestyle which has been a problem to plenty individuals, especially in my region young men feeling intimidated so they try to keep up with a life that is far above there earnings, so keep up with your concept of spending your salary it is the best and others will learn from it.

[Finestream]

No matter what kind type of money you bring in your pocket as long as you can't manage really well on what you really need and what you want in living your life , i mean those people who have so much money in the bank tend to strictly spend their money compared to those who have less money in the bank tend to spend more due lack of financial literacy.

So yeah those who spend more than what they earn havent through much in living the life so they would always feel curious about stuff that they haven't owned.

Government policy today is aimed at encouraging people to spend more than they earn. Mortgages, affordable loans, fast money.  Buy now and get a discount (and people buy on credit - even if they don't really need the product). A vacation trip - when a person spends in a month of vacation all the money they saved up for a whole year. The state benefits from credit bondage. Anything can be done with such people, and they will not be able to resist.

That’s the reason why business owners tend to become richer and people end up become poorer and poorer because they also bite the temptations offered around. But honestly, if you really know how to budget well your income, you won’t be seeing yourself spending more and saving less because you have set your priorities in life and you will always stick to what’s only necessary and ignore those who are not. That is if you just want to live simply and not embrace the luxurious lifestyle that your peers have adopted.

[Fredomago]

Practice is the best way to avoid doing such things, having debts with unmanageable loans will put burdens to your finances, if you handle things the right way and you avoid stuff that's not really a need but just a wants then you are away from taking loans that's not appropriate to the capabilities that you have in terms of financial state.

You should be aware that spending more than what you can afford will always end up to loaning the money to cover it.

Keep on track with your expenses and make a good balance for everything.

These are not obvious things for everyone, especially since credit is now available to almost every person, which is not very good, since this can lead to large debts. Even small amounts can turn into very significant debts if the loan is not repaid on time. If spending exceeds income, it can't last long, for obvious reasons. I think that this speaks of a lack of financial literacy, and if there is such a problem, then you need to think about its root cause, otherwise nothing will change.

Precisely, if you can't control yourself spending and you use credit as a source for your financial needs then you will see yourself drowning knowing that you can't pay your debt using your day job salary, you'll find yourself looking for another loan to cover your debt and it will just keep repeating itself to the point that you already out of a source of money to use paying your debt/loan.

You can live your whole life on credit, creating more and more debt. But who will pay for all this? The answer is your relatives. But do they deserve such a burden? Maybe it's better to moderate your desires - instead of an expensive vacation go to the woods, instead of a new smartphone just keep using the old one? 

The worst of one's life is dying with debts. When someone dies he/she shouldn't have debts. We need to prepare for such a level of living and move accordingly. This isn't an hard task, because most of the people's debts were through unwanted expenses. Maybe some practice to limit the spending and living according to our earnings could make life better. Some people never think about repaying the debts, for them it looks easy. People who have the mind to repay always have frustration and doesn't have free mind to think big. This itself ruin one's life and never lets them grow.

Practice is the best way to avoid doing such things, having debts with unmanageable loans will put burdens to your finances, if you handle things the right way and you avoid stuff that's not really a need but just a wants then you are away from taking loans that's not appropriate to the capabilities that you have in terms of financial state.

You should be aware that spending more than what you can afford will always end up to loaning the money to cover it.

Keep on track with your expenses and make a good balance for everything.

There are good debts and bad debts and this would be entirely depending on where you would be applying it, considering that even myself does have that financial sustainability came out from other sources or investment but i do still continue to get some loan and building up my credit which it do really raises up my score and to have that better standing and record which means that
whenever i do tend to get some loan or borrowing money then they could be able to offer me the best rates and interest and amount which is something that you could also make
use specially on establishing other source of income or simply with investment.

This is why when you do took up some debt for the sake of investment then you shouldnt hesitate but of course you should really be that assuring that you could really be able to pay up
without having no problems.If ever you arent that sure or doesnt have plans on the amount you are taking to loan then its better not to proceed on.

A wise way to take advantage of those available loans, I see your point and you are right, knowing how to maximize and use loans in a passive profitable business or investment, that will reflect as good loan and can give positive impact to grow your savings and investment, no argue on that point.

[ringgo96]

In our lives there are indeed many desires that are always present and all desires are definitely a need that we must fulfill, but if our finances are problematic of course fulfilling a desire will be difficult to realize, and this will be a big problem for all of us so they look for ways to fulfill these desires even though they have to lend money to others, For me this is a mistake we make because all our desires we do not have to fulfill immediately if we have not been able to get it, so we have to adjust expenses with our income so that our lives are safer from all problems.

[uche6215]

spending more than you earn is not a good thing that someone should do because anyone who spend more than he/she earned can never have savings or even have plans for themself, the most thing that makes's people spend regularly is flexing, most people who do live a lavishly live style find it difficult to save and this is the number one issue that makes people not to save money.
Anyone who does charity work always finds it a little mightily to save money based on his/her good did, so is good to disburse wisely and not the other way round.

[Etranger]

True because we should minimize our expenses otherwise if our expenses will become big trouble for our income as the situations are not always same. There comes difficult time and if we are not living a simple life so whenever the conditions become hard we will not be able to face these issues so that time will be more difficult for us to live life.

Yeah, but then you will always love a simple life, no matter what times are right now - difficult or more profitable. Preparing for something worth can be a good strategy for surviving during hard periods, but when the time is good, I think you should live, not trying to limit yourself in order to survive. Because if you do so, then how do you even distinguish good times from difficult ones? And when will you have time just to enjoy the results of your work?

[Jody.Drummer]

In our lives there are indeed many desires that are always present and all desires are definitely a need that we must fulfill, but if our finances are problematic of course fulfilling a desire will be difficult to realize, and this will be a big problem for all of us so they look for ways to fulfill these desires even though they have to lend money to others, For me this is a mistake we make because all our desires we do not have to fulfill immediately if we have not been able to get it, so we have to adjust expenses with our income so that our lives are safer from all problems.

I have said this several times, that in life there are things that must be prioritized and that is divided into 3 needs, namely Premier, Secondary and Tertiary needs. If we can meet the first requirement (Premier) then our lives will be safe. I personally always prioritize that, I don't try to look at other needs, unless I can already meet the Premier's needs, then I will be able to look at other needs, secondary and tertiary. Don't follow prestige too much, because if we follow prestige then our life will never be calm.

[alastantiger]

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

Spending more than you earn is laterally caused by lack of planning which leads to unneccessary spending.
Planning helps in manage your money and meet up almost all you need.
When budgets are set, adhere strictly to it, it will help reduce your excessive spending. There are unforeseen circumstances, emergencies, things that pop up unexpectedly. if you budget like $50 per month for instance, you can increase it to $55 so you can cover up for any emergency.
Remember, your budget should be less than your earnings.

[someone703]

This is very common among West Africans. And this is because they fail to plan their life accordingly with their wife. I think one should consider is present financial situation before giving birth anyhow. I'm not expecting a man with minimum wage as salary to have more than 2 children. After everything, they give birth to this children without a proper care. Imagine a 5 years old kid hawking water all about the street.

Above are images of children hawking around the street.
A lifestyle of giving birth to many children with little care should be stopped in our society for the development of the country.

Someone can search and share here completely opposite images of a person living a luxurious life and share it here for me.

I want to talk about this from my own research perspective, life has billions of different nuances and we can all know and decide to it. The balance and fairness in this life always exists, don't just look at it from an individual perspective, or a division or country to think that it is reflecting the whole truth in life. As you mentioned that they should think before having children , I know that life does not allow them to know such things and they have to live in such a condition to know what is going on right, just like someone sharing with you about a secret to becoming rich in life is to love and share what you know, both about money, knowledge, health as well as spirit. .

Sometimes the problem is really simple, but it is in the resulting simplicity that there is a complexity that we are blinded by what is going on in life. The question of our very life, what does it really mean? Brought a bunch of answers, and didn't want to question it either.

[Andrija Branislav]

This is very common among West Africans. And this is because they fail to plan their life accordingly with their wife. I think one should consider is present financial situation before giving birth anyhow. I'm not expecting a man with minimum wage as salary to have more than 2 children. After everything, they give birth to this children without a proper care. Imagine a 5 years old kid hawking water all about the street.

Above are images of children hawking around the street.
A lifestyle of giving birth to many children with little care should be stopped in our society for the development of the country.

Someone can search and share here completely opposite images of a person living a luxurious life and share it here for me.

I want to talk about this from my own research perspective, life has billions of different nuances and we can all know and decide to it. The balance and fairness in this life always exists, don't just look at it from an individual perspective, or a division or country to think that it is reflecting the whole truth in life. As you mentioned that they should think before having children , I know that life does not allow them to know such things and they have to live in such a condition to know what is going on right, just like someone sharing with you about a secret to becoming rich in life is to love and share what you know, both about money, knowledge, health as well as spirit. .

Sometimes the problem is really simple, but it is in the resulting simplicity that there is a complexity that we are blinded by what is going on in life. The question of our very life, what does it really mean? Brought a bunch of answers, and didn't want to question it either.

I can only say that what you have said shows that life is complex and multifaceted, and that one should consider various perspectives before making a judgement. I mean the importance of balance, fairness and personal experience in understanding life and maybe some people might find meaning in their other relationships in the work to live it.

[Wakate]

Shopping with a list and Learn to day no is one of the major tools that cam help us to overcome over spending and it will limit the rate we desire to use funds especially when there is no need for it.

There are times that we might choose to go on outing and we might be thinking of spending less but without having a list of the amount we are going to spend, we may get distracted and want to spend more than the budget or the amount we are ought to spend. It is good for us to always say no to some kind of spending which might not make us to buy irrelevant things that is not of any need to us.

[huu78]

That true remember, it's important to live within your means and avoid accumulating debt. By following these tips and being mindful of your spending, you can stop spending more than you earn and improve your financial well-being, goodluck.

[Hypnosis00]

Shopping with a list and Learn to day no is one of the major tools that cam help us to overcome over spending and it will limit the rate we desire to use funds especially when there is no need for it.

I never use this way before and sometimes I get a surprise that after the shopping and groceries, I've emptied my pockets.
But I change it when reading some books and someone in our country has a program discussing budgeting. It really creates a huge impact upon following his words and tips on how to budget properly.

I could believe that we all possibly change if we have a proper education about this issue and see the value of money. But until it did not happen yet, no surprise that most of us got into heavy debt due to overspending habits.

[Ricardo11]

If you spend more than you earn, it will lead you to decline.  We have to give up the bad habit of buying unnecessary expensive things.  If you keep buying unnecessary expensive things, you will end up in debt.  And later you will have a lot of trouble paying off that debt and you will be mentally broken.  We should control our spending.  Make a list of your monthly expenses.  Spending according to that list will keep your expenses under control.

[Fredomago]

That true remember, it's important to live within your means and avoid accumulating debt. By following these tips and being mindful of your spending, you can stop spending more than you earn and improve your financial well-being, goodluck.

You need to have the right discipline to maintain this action, I mean we can always say that the right way to minimize your expenses is to only buy what you need and not what you want, but in reality people are tempted to buy what he wants and not what he need, it's a reality in life that most of the time we keep spending more in things that we really don't need.

Materially speaking, we are spending more money than what we supposedly can afford, pushing us to take loans and most of the time that's the reason why we have that hardship in life.

We can't manage our finances the right way and we are always being controlled by our lust to spend more from what we can really afford.

[Lida93]

.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop.

For a 100 times I have being to the mall I can say I have for 80 times bought a few more items I never budgeted for before going for shopping. And that's because my debit is handy,  but you don't expect me trade my convenience for the sake of the believe that I might save more if I have to go with cash at hand instead of my card.

There certain times that having the card could be a life saver where your cash is exhausted and you just remembered you needed to get something very needful at home.  One just have to discipline himself to spend based on scale of preference be it with cash or card. Simple.

Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

Practically disagree with this part as there's no way you can't have knowledge of your password or card number offhand. No way, except there's a memory problem somewhere.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

Shopping with a list is another wonderful form of mitigating unnecessary purchases items in the market. It's like a roadmap, a route already set to be followed and digressing becomes a bit difficult except in rare cases.

[blockman]

If you spend more than you earn, it will lead you to decline.  We have to give up the bad habit of buying unnecessary expensive things.  If you keep buying unnecessary expensive things, you will end up in debt.  And later you will have a lot of trouble paying off that debt and you will be mentally broken.  We should control our spending.  Make a list of your monthly expenses.  Spending according to that list will keep your expenses under control.

It all starts with trying to please people and when you've got that passion to think of what others should think about you, you'll be having that compulsive buying even with those things that you don't really need. Someone thinks that he's rich when he buys those luxuries and expensive things but then ends up broke because that's not really a thing for rich people. You can buy those things when you're actually rich and you deserve those things because they can lift you up mentally and emotionally but if you're not able to attain it and that's going to eat up a lot from your savings, don't do it. Most of these rich people are spending for luxuries because they can and that's an easy spending for them because they've probably earned it from their investments and profits or shares easily. But going there is the hardest part of it at the start that only a few people sees.

[Alpha Marine]

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

Aside from having a budget, it will be good to develop the habit of not going over your budget. Most of the time people have a budget but are not disciplined enough to stick to that budget. I am part of those people.
Having a budget is one thing, having the discipline to not go above the budget except when totally necessary is another thing.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

This is not viable. I don't like walking around with cash. If I had my way I wont hold any single cash on me at all time. I prefer paying for everything with cash. Its easier and safer that way. Yea, sometimes i spend above above my budget, but that's where the discipline comes in.

[coupable]

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

I came from a poor family we really always do this since we only have budget for this food and we shouldn't exceed on it because if we do we will got short on other things , this only applies if you really on tight budget but when I've got a family i do always prioritize our food so that we can eat healthy and delicious food that is why whenever i do have extra on my salary I put it in food to buy so that we can purchase more and meaning of that it will take more days before we will buy again.

Your experience proves the difference between the mentality of the average person (with an average income) and the mentality of the business owner. The first spends his life trying to reconcile incomes and expenses by keeping pressure on expenses since incomes are limited, while the second (business owner) seeks to increase incomes to match expenses.
Practically, you are not required to spend on luxury needs, but in a consumer society, I think it is wise to diversify sources of income to enjoy consumption. Low-income people cannot continue to pressure expenses indefinitely, so they quickly fall prey to debt.

[romero121]

If you find yourself spending more than your earnings, then you can realise that you're destroying your financial stability. In all means calculated spending gives the best outcome. Not everyone is able to make calculated living, but things were made easier with the existence of more smartphone applications which can be used. The applications are developed in auch a way, even the uneducated can use it without flaws.

It is evident that most of the middle class family sit one day and allocate funds based on the income. Such families have reached the next level of living through their best practice of financial management.

[Bitcoin_people]

Do people actually spend more than they earn? I am yet to understand how it works. If people actually spend more than they earn, the extra money they spend, where does it come from?

People tend to think of earning more than they earn. But I try to spend more than I earn and I think about saving later when I don't have any money. Basically people who spend more than they need get their money by borrowing money from their friends and then spend it. I often do this when I run out of money and spend money from family or friends. And then there is a lot of stress because if the income decreases then the spending also decreases. I think saving money is about trying to take every moment of life in a good position. So I would like to say to those who spend more money than they need, saving money is most important.

[Sir Legend]

Now it's easier for us to get information, the presence of social media makes all events at hand, and fortunately cryptocurrencies are available which make it easy for us to provide assistance to those in need, and of course the assistance we provide even though we think it's small it will be very useful if collected and distributed to those in need.

[jokers10]

...
There certain times that having the card could be a life saver where your cash is exhausted and you just remembered you needed to get something very needful at home.  One just have to discipline himself to spend based on scale of preference be it with cash or card. Simple.
...

Oh, I know one guy who spent twice of his monthly budget when started using a credit card. It is much easier for him to stay in budget if he uses cash only. Of course we can say that everyone should be careful with expenses and other things like that, but if he can easily manage cash and has problems with cards why to make him using cards? Each of us has our own characteristics and it is good to know ours and use them as wise as possible. I'm okay with cards, he's not, so we can use different tools but still stay in own budget, right? I think everyone can manage own money the way it easier for them as long as they stay in their budget and don't need help with that.

[uswa56]

...
There certain times that having the card could be a life saver where your cash is exhausted and you just remembered you needed to get something very needful at home.  One just have to discipline himself to spend based on scale of preference be it with cash or card. Simple.
...

Oh, I know one guy who spent twice of his monthly budget when started using a credit card. It is much easier for him to stay in budget if he uses cash only. Of course we can say that everyone should be careful with expenses and other things like that, but if he can easily manage cash and has problems with cards why to make him using cards? Each of us has our own characteristics and it is good to know ours and use them as wise as possible. I'm okay with cards, he's not, so we can use different tools but still stay in own budget, right? I think everyone can manage own money the way it easier for them as long as they stay in their budget and don't need help with that.

it all depends on ourselves and of course only we ourselves understand how we manage money, I think the presence or absence of a card is the same because all of us manage it ourselves but there are limits that some people cannot control so often unpredictable loss of control.
for me personally who can't control money well, I don't like using cards because I've tried to do it and it's very detrimental for me.
controlling finances, not everyone can do it right, that's why it's important to keep or limit yourself so that things don't happen out of control.

[Joshapat]

The world is currently in a difficult condition, poverty in many countries continues to increase, many people find it difficult to eat 3 times a day, it is difficult to get clean water and so on, unfortunately many rich people are only busy showing off their wealth for their own pleasure and they don't care about the poor.

[bettercrypto]

With the use of cash only, I can kind of relate to this, when my debit card gets full, often even though the ones in my cart are not in my plan and are placed in my account in an online shop, I suddenly check out.

        In this part, it seems like I haven't been able to stop myself that I should reduce this habit of mine because I often buy items here that I don't really need, just got tempted only.

[jokers10]

it all depends on ourselves and of course only we ourselves understand how we manage money, I think the presence or absence of a card is the same because all of us manage it ourselves but there are limits that some people cannot control so often unpredictable loss of control.
for me personally who can't control money well, I don't like using cards because I've tried to do it and it's very detrimental for me.
controlling finances, not everyone can do it right, that's why it's important to keep or limit yourself so that things don't happen out of control.

That's right, we all are different and this is our advantage. Luckily we have different forms of money which can be useful for different people and everyone can make own choice. Main thing is to know your strengths and weaknesses and to behave so to strengthen your strengths and try to escape situations when your weaknesses can bring any damage. If you can control your budget with cash it is great and a wonderful solution. I'd say that it is not a problem like others have who can't stay in budget anyhow and who need some help from outside.

[justdimin]

The world is currently in a difficult condition, poverty in many countries continues to increase, many people find it difficult to eat 3 times a day, it is difficult to get clean water and so on, unfortunately many rich people are only busy showing off their wealth for their own pleasure and they don't care about the poor.

I think the sad part is that rich people are not even getting rich to spend that money neither, like there is no point of it after a while. Look at Elon Musk, he became richest person in the world, and he lives in a tiny house, and he doesn't really spend money that much, look at his life style, he could live off like 20-30 million a year at tops, that would be more than enough. Whereas we are talking about him having 100+ billion, at some point even as much as 300+ billion dollars.

There is no reason to have that much money, and it's personal one, when you look at the corporations it's even worse. No company that worths near trillion dollars or whatever levels, should make hundreds of billions in revenue and pay this little tax neither, should jack that up, close to 99%, because nobody needs that much profit, only shareholders profit from that, we should consider taxing and using that to help the whole nation instead. I am not even American, that is just my idea, after a while people just don't need that much.

[GigaBit]

You can live your whole life on credit, creating more and more debt. But who will pay for all this? The answer is your relatives. But do they deserve such a burden? Maybe it's better to moderate your desires - instead of an expensive vacation go to the woods, instead of a new smartphone just keep using the old one? 

The worst of one's life is dying with debts. When someone dies he/she shouldn't have debts. We need to prepare for such a level of living and move accordingly. This isn't an hard task, because most of the people's debts were through unwanted expenses. Maybe some practice to limit the spending and living according to our earnings could make life better. Some people never think about repaying the debts, for them it looks easy. People who have the mind to repay always have frustration and doesn't have free mind to think big. This itself ruin one's life and never lets them grow.

Yes, now a days most human being who are in debt they used to spend more and needed a lot of money to cover these expenses which they covered through loans. If the loan is used for any investment, then the loan can be repaid, but if one uses the loan for his daily activities, then it becomes a big burden at a time. A man should pay off the debt quickly if he is in debt for any reason. The point here is that it is easy to get into debt but it is very difficult to pay it. So one should focus on how to manage life without getting into debt. Spending in excess of income means incurring debt. So we should spend money according to our income.

[Vishnu.Reang]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

👉👉Control your grocery list
Having meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store.  

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.


Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

I agree with aforementioned point, whatever points he mentioned its really useful for every individual's life. If we follow all, then yes we definitely can save huge money. What happen with me last two three days back I went for movie with my friend, there was time for movie to start that's why we was roaming around shopping mall to do time pass but I saw one beautiful curtain an I purchase with expensive price. I didn't realize for time being that curtain is really expensive because I was paying with card, if that time I used cash may my mind change. Usually I don't make grocery list but next grocery will definitely make list.

[MarjorieZimmermanGinger]

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

If you have been advised by your parents in the past, that saving money is the best way to avoid problems during unstable economic turmoil like now. What can we take from this advice, that our lives will be influenced by how able we are to spend on the necessities that are needed and not to fulfill our lifestyle. Everyone has different expenses and also different financial income, but a frugal and simple lifestyle cannot be described in general terms, because it could be that my expenses and yours are also different.

I agree that spending is according to individual needs and not forced to buy because of lifestyle. Financial control, planning and having to adjust income with expenses so that our lives are not problematic, especially amid the current economic conditions and many people have difficulty controlling their needs, expenses and income. So that it places increasingly complicated financial problems, moreover the source of income is unstable because jobs are increasingly difficult to find.

[savetheFORUM]

With the use of cash only, I can kind of relate to this, when my debit card gets full, often even though the ones in my cart are not in my plan and are placed in my account in an online shop, I suddenly check out.

        In this part, it seems like I haven't been able to stop myself that I should reduce this habit of mine because I often buy items here that I don't really need, just got tempted only.

What if you use crypto instead of that two payment methods? Because I noticed that many crypto users are thinking twice if they will spend their crypto or not even to the stuffs that they love because they think holding for a while can benefit them later on.

It helps them earn extra so that they can buy even more or much better stuff than if they will buy now but if its badly needed and we don't have any medium to use other than our crypto, we will still end up using it but there is no way we will over spend. Sometimes it's the fault of the store because they low key recommending items to us but why not ask someone to buy for yourself if you are too weak and get easily distracted by the items around you?

[Faisal2202]

👉👉Learn to say “no”

All of your points are correct, i actually attracted by this one. Usually, i rarely visit markets like for mainly shopping purposes. So, last week i went to another city with my friends they want to buy smartphone (second hand), so, i thought i should also visit the market.

Market was really big mainly for smart phones and we have enough budget but we were so confused in choosing one. So after spend around 5 to 7 hours in that market we bought one phone which we don't even looking for hehe. and it was midnight so we went home and then returned back to buy our chosen phone. Point is, one thing that i felt there, we can not buy everything like there were thousand of phones that has extreme level of features but we have to chose only one this makes me feel the same "learn to say No".

My plan was just to observe the market but every smart phone was saying to me please buy me (hehe) even my friend offered me to borrow some money so i can buy phone, but i was strictly following no to buy one even i have enough money in saving. I also found these threads helpful which is related to your ones.

• Try to save money while you still can, will you ?
• Methods to cut food costs

There was one more thread which i found hard to recall so i will try if i could remember it other wise above ones are enough too. These could shed more light on saving.

[inthelongrun]

With that right mindset, everyone has a high chance of having a better future. Using cash only helps a lot as it makes you adjust and only buy stuff according to your priorities. It is easier to spend money by using debit and credit cards. Credit cards are even more worrisome to those people that have limited salaries. Having debts with interest because of groceries is a big NO.

Extra stuffs that are not part of our basic needs are not really bad sometimes. We just have to limit it according to our earnings. And savings for investments should be given priority over luxury.  

[Unbunplease]

With that right mindset, everyone has a high chance of having a better future. Using cash only helps a lot as it makes you adjust and only buy stuff according to your priorities. It is easier to spend money by using debit and credit cards. Credit cards are even more worrisome to those people that have limited salaries. Having debts with interest because of groceries is a big NO.

Extra stuffs that are not part of our basic needs are not really bad sometimes. We just have to limit it according to our earnings. And savings for investments should be given priority over luxury.  

The problem with cash is that you have to store it somewhere. And the more cash you have, the more space you need to store it. Of course, you need security measures.
The problem with non-cash is that you often have to prove its origin. Otherwise they can be suspected of money laundering.
If a person spends more than they earn, then either they are completely immersed in credit or they have dishonest income - hence, the attention of the tax authorities is assured.

[ChiBitCTy]

This is pretty well said overall and I agree with most of it.  I can't say I agree with "always use cash" because it's important in some places to build up credit, and you build up credit by showing you can manage debt.  If you're good at it, then your "credit score" goes up, and it will make your life easier and cheaper by getting better rates for homes, cars etc.

The number one issue I see people making is not using a budget.  Doing a simple monthly budget can easily put so much in to perspective. This is something I advise all my clients to do.

[axxo]

The lists that you had provided would help people to prioritize their expenses, they should categorize their wants and needs. Spending more than you earn can lead to financial problems such as debt, inability to pay bills and negative impact on your credit score. It is important to budget your needs and the needs of your family and oblige your self to live within your means only to avoid the consequences. Think a lot of times if it is your need or you just want before spending or buying. Discipline and control is the key to avoid over spending.

[Lubang Bawah]

To be happy the thing we can do is give a lot, don't be greedy human beings because no matter how much wealth or wealth will not be enough, by giving we can make other people smile and that is something that can make our hearts calm and happy.

[Fredomago]

With that right mindset, everyone has a high chance of having a better future. Using cash only helps a lot as it makes you adjust and only buy stuff according to your priorities. It is easier to spend money by using debit and credit cards. Credit cards are even more worrisome to those people that have limited salaries. Having debts with interest because of groceries is a big NO.

Extra stuffs that are not part of our basic needs are not really bad sometimes. We just have to limit it according to our earnings. And savings for investments should be given priority over luxury.  

As long as you know how to limit yourself then yes it's not bad if you will buy some additional things that supposedly not part of what you need, sometimes giving yourself a presence is part of happiness achieving something with your earnings, I believe it's not that much if you know how to balance your finances.

Spending more than what you can earn might be more on the side that you need to loan or you need to use your credit card to avail
the items or whatever things that you desire.

[dothebeats]

Spending more than you earn is something that you shouldn't do if you are just living from paycheck to paycheck. There are just tons of reasons why you should plan your budget ahead, and make sure that you still have something you can use on for a few days if possible. This is a very hard mindset to develop, but something that is worth it once you have mastered it.

It takes a lot from people to change their mindsets and habits to something that will benefit them in the long run, and this right here is one of them.

[Paul Pogba]

Nowadays more and more people don't care about other people, in my country a luxurious complex but only a wall away it will be easy to find poor people, only a few care about the poor, and I think the cryptocurrencies community should be able to make good things for this world, it's easy to send money in the form of cryptocurrencies should be used to help others in need.

[Strongkored]

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

Currently, there are things that are even easier to do without a card, namely the paylater feature, and in my country, almost all major marketplaces have this feature, which allows people to shop beyond their limits because being able to enjoy this feature is easier than getting a credit card, but the interest is higher and it doesn't make sense but its convenience will make people want to use it especially if they don't have the right financial plan and also good self-control

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

of all it is very important to have a financial plan and continue to comply with what has been planned by controlling yourself from desires that do not build at all other than just spending our money and more than what we produce

[xSkylarx]

Spending more than you earn is something that you shouldn't do if you are just living from paycheck to paycheck. There are just tons of reasons why you should plan your budget ahead, and make sure that you still have something you can use on for a few days if possible. This is a very hard mindset to develop, but something that is worth it once you have mastered it.

I can't really imagine those people who are spending more than they earn; just imagine how much their debts are because you are always caught short, so you have no choice but to borrow money to buy your needs. I am glad that I am not this kind of person because every time I do buy something for myself, I always think twice if it is worth it or not. Even clothes, I rarely buy unless I need a new one. It is really better like this because you won't go into debt and think a lot about how to pay it.

[glendall]

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.

but the reality is hard to deny, saying no is just theory and one day if you have more money you will definitely have what you want

I salute people who are committed in this matter, because from those I have met not far from my own husband, refuse when you don't have money to buy when you have money

[odunybiz]

I think this is not true. Your assertion is kind of  hasty in generalization. Life happens and things take different turns. While I acknowledge that it's not proper for kids to hawk to support their parents which is an abnormality, I also want to admit that most of those families didn't set out that way before life happened to them. I've seen enough of reality to conclude that life itself isn't theoretical like paper work but practical.

Imagine a family where the husband and wife are civil servants with miserable salaries that don't even come regularly as and when due. Imagine a family where the husband is a commercial biker rider (Okada) or tricycle rider (Keke) and the government bans such services in the routes he plies, and the wife sells in a market place demolished by government? Just keep imagining things and what such families would turn to for survival.

My point in all that is – Most times, families have such situations thrown on them.

To my own view.., no matter what happens, kids shouldn't be made to hawk things around. The danger involved is more than the benefits to the parent. I believe parent can choose an alternative means of living than engaging their children in street hawking.

[Sexylizzy2813]

Do people actually spend more than they earn? I am yet to understand how it works. If people actually spend more than they earn, the extra money they spend, where does it come from?

Yes. There are people like that. Extra money can be gotten from either tips( if you are the type that works jobs that tip) or probably given by a family member or friend.

That is a very big problem to be combacted.
The first method to fight it is trying to relocate to an Area that is less expensive.
Change the school of your children to low tuition schools.  Spend less on buying clothes and maintain the ones you have etc.

I think the best way to combat this problem is to try and live within your means. Do not outdo yourself cause that would only lead to you having nothing to fall back on during the rainy day. Some people are impulsive spenders and this can cause severe damage to your savings.

[Jody.Drummer]

Spending more than you earn is something that you shouldn't do if you are just living from paycheck to paycheck. There are just tons of reasons why you should plan your budget ahead, and make sure that you still have something you can use on for a few days if possible. This is a very hard mindset to develop, but something that is worth it once you have mastered it.

I can't really imagine those people who are spending more than they earn; just imagine how much their debts are because you are always caught short, so you have no choice but to borrow money to buy your needs. I am glad that I am not this kind of person because every time I do buy something for myself, I always think twice if it is worth it or not. Even clothes, I rarely buy unless I need a new one. It is really better like this because you won't go into debt and think a lot about how to pay it.

More expenditure than income is something that is very bad if it is done, it will make our lives not feel calm. As you said, we may be in a lot of debt to make ends meet, and basically living habits like that are bad habits that we shouldn't do.
Just like you, I am also a person who really thinks about if I want to buy something, I will think whether I really need that item, or is it just a temporary need that if I don't buy it will not have any effect. This is a consideration because we live not only for today, but we must also think about the future, including our future generations.

[eXtremal]

I think money management is very necessary, we don't have to spend all our money on purposes that are only for show. unless it is really needed for everyday life. I learned from the richest people in the world, they sometimes look simple but have giant companies in the world. wasteful is a feature of how you don't have the mentality of an entrepreneur, they have to have a lot of money with little spending.

[Joshika]

As we all know how it's hard to earn money as easier  to spent more money, avoid shopping in stores that you know will temp you to buy new thing which you don't need, purchase only which is required for our daily life . People are wasting their money in alcohol, tobacco,drugs etc which will get impact in health and  wastages of money and it also destroy our environment. Atleast we should have thought for future saving, save more than you earn for better future ahead.

[Bitcoin2009]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

👉👉Control your grocery list
Having meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store.  

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.


Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

Good tips, the temptation to spend money at this time is very large compared to when I was in college or at the start of work, namely 10 years ago, now malls are designed to be very attractive so that it makes us want to shop, restaurants are also designed to make us able to last a long time and try all the available menus so as to make finances we can get screwed.

[Tony116]

Spending more than you earn is something that you shouldn't do if you are just living from paycheck to paycheck. There are just tons of reasons why you should plan your budget ahead, and make sure that you still have something you can use on for a few days if possible. This is a very hard mindset to develop, but something that is worth it once you have mastered it.

I can't really imagine those people who are spending more than they earn; just imagine how much their debts are because you are always caught short, so you have no choice but to borrow money to buy your needs. I am glad that I am not this kind of person because every time I do buy something for myself, I always think twice if it is worth it or not. Even clothes, I rarely buy unless I need a new one. It is really better like this because you won't go into debt and think a lot about how to pay it.

Well, I understand what you say. But not everyone is as lucky as you. There are people who work hard but get very little money and behind them is a whole family counting on those meager wages. Therefore, spending more than they earn is inevitable, even if no one wants to.
I have seen many people work more than 16 hours a day because of the family's burden but still can't afford to take care of their family, let alone buy a new shirt. So don't say that anyone who spends more than they earn is a waste of money or that they are mindless playboys.

[Wong Gendheng]

Most people experience that expenditure is greater than expenses, this is because many people cannot adjust expenditure, they cannot hold back to buy things that are not yet reached so that sometimes they are in debt, from now we have to stop the bad habits so that they do not owe anymore in the future and expenses can be in accordance with income.

[Swordsoffreedom]

Do people actually spend more than they earn? I am yet to understand how it works. If people actually spend more than they earn, the extra money they spend, where does it come from?

Yes. There are people like that. Extra money can be gotten from either tips( if you are the type that works jobs that tip) or probably given by a family member or friend.

Tips are also money they make themselves, how can it be called spending more than earning? And, do you give your loved ones money regularly? Especially those who are giddy, lazy, and dislike working. I don't think someone is kind enough to give money to their loved one without reason or regularly. I also really don't understand how we spend more than we earn? Even if it's borrowed money because if you can't afford it, no one will lend you money continuously so you can spend as much as you like.

[xSkylarx]

Spending more than you earn is something that you shouldn't do if you are just living from paycheck to paycheck. There are just tons of reasons why you should plan your budget ahead, and make sure that you still have something you can use on for a few days if possible. This is a very hard mindset to develop, but something that is worth it once you have mastered it.

I can't really imagine those people who are spending more than they earn; just imagine how much their debts are because you are always caught short, so you have no choice but to borrow money to buy your needs. I am glad that I am not this kind of person because every time I do buy something for myself, I always think twice if it is worth it or not. Even clothes, I rarely buy unless I need a new one. It is really better like this because you won't go into debt and think a lot about how to pay it.

Well, I understand what you say. But not everyone is as lucky as you. There are people who work hard but get very little money and behind them is a whole family counting on those meager wages. Therefore, spending more than they earn is inevitable, even if no one wants to.
I have seen many people work more than 16 hours a day because of the family's burden but still can't afford to take care of their family, let alone buy a new shirt. So don't say that anyone who spends more than they earn is a waste of money or that they are mindless playboys.

What I mean is that those people who spend more than they earn on their wants. I do know people who are spending more on alcohol and cigarettes than their salary. It is common sense that there are really people who spend more because they have a lower salary, which I am one of it as I am not a rich person. I am also the breadwinner right now, and a lot of my family members are relying on me. Also, it is always a waste of money to spend more if you put it on useless things that you are constantly buying, like alcohol, cigarettes, and expensive clothes, right?

[Tony116]

What I mean is that those people who spend more than they earn on their wants. I do know people who are spending more on alcohol and cigarettes than their salary. It is common sense that there are really people who spend more because they have a lower salary, which I am one of it as I am not a rich person. I am also the breadwinner right now, and a lot of my family members are relying on me. Also, it is always a waste of money to spend more if you put it on useless things that you are constantly buying, like alcohol, cigarettes, and expensive clothes, right?

There are also some people around me like you said, they spend frivolously on daily bad habits, but we can't because of those who don't think of others, we can equate everyone with the same. Because there are people who really work hard to feed their families, but unfortunately, they never make enough money to take care of their families. Maybe they weren't lucky, or God was testing them.

Honestly, no one wants to be poor, but life is inherently unfair. There are people born at the finish line, but there are also people who work hard all their lives and never have enough to eat.

[cryptoknightt]

We have to be able to control ourselves so we can't waste money. Learn to say no. Sometimes we can't refuse other people's invitations, such as parties and things that waste money. We have to be good at managing our own money. because if we spend money that doesn't match our income then we will work forever until we are old there is no emergency pension fund and someday we will be in trouble in the future do you want that to happen?

[karmamiu]

Most people experience that expenditure is greater than expenses, this is because many people cannot adjust expenditure, they cannot hold back to buy things that are not yet reached so that sometimes they are in debt, from now we have to stop the bad habits so that they do not owe anymore in the future and expenses can be in accordance with income.

This is because people are expectant to their own salaries, just because they have something to wait for every month, they will spend money or even exceed the limits of their own salaries. This is also why they become in debt with whatever corporation is offering any lending. I am not someone who criticize people just because they lend money coz there are people who needs it sometimes for emergency purposes, but there are also who borrows money for no reason for the sake of getting their accounts in good credit scores, and it is also not a bad thing as long as they can pay it before their due dates

[raidarksword]

Spending more that what have earned is really a bad habit and bad financial mindsets that's why many people are broke because of it. Being contented and being thrift is not a bad thing and buying unnecessary things should not be priority on times like theses wherein we have a high inflation rates. People should practice more NEEDS than WANTS.

[BobK71]

We have to be able to control ourselves so we can't waste money. Learn to say no. Sometimes we can't refuse other people's invitations, such as parties and things that waste money. We have to be good at managing our own money. because if we spend money that doesn't match our income then we will work forever until we are old there is no emergency pension fund and someday we will be in trouble in the future do you want that to happen?

Of course, those who don't keep awareness will suffer financial costs at some point. Moreover, if one cannot match the expenditure with the income, then he will have nothing to do but incur debt. Every person should remember that having more money does not mean spending more. He can spend what he needs. But never overspend. There are many people who turn spending more into a habit but should expect to revert to that attitude immediately. Otherwise he may get into trouble which will make it difficult for him to recover.

[nesty]

Some people find it difficult to budget their expenses that they tend to end up spending more than they earn. One common reason is that they may lack financial literacy or knowledge on how to manage their finances effectively. Additionally, some people may struggle with impulse spending or have difficulty in controlling their spending habits. It's also possible that some people may have a lifestyle that exceeds their income, making it challenging to make ends meet. We should need to track our spending habit so that we will not exceed beyond our budget. Create budget based on what we need, make an outlines for income, expenses and also savings. Prioritizing expenses can help as well in managing your budget, make sure to prioritize the essential needs before thinking of spending what you do not need. Cut off also unnecessary expenses like eating out which can be more expensive.

[Fredomago]

Spending more that what have earned is really a bad habit and bad financial mindsets that's why many people are broke because of it. Being contented and being thrift is not a bad thing and buying unnecessary things should not be priority on times like theses wherein we have a high inflation rates. People should practice more NEEDS than WANTS.

In terms of exceeding from what you can afford to the point where you need to lend or loan just to fill what you want, that's something which will really hurt your finances, it's better to keep yourself away from extra expenses as it will allow you to save some from your salaries, though we really can't generalize how things can happen, some are just doing those extra expenses due to the desire of having material things that they really wanted to own, while for some it's just an emergency thing that they need to spend extra to fill something unexpectedly.

[xSkylarx]

Spending more that what have earned is really a bad habit and bad financial mindsets that's why many people are broke because of it. Being contented and being thrift is not a bad thing and buying unnecessary things should not be priority on times like theses wherein we have a high inflation rates. People should practice more NEEDS than WANTS.

In terms of exceeding from what you can afford to the point where you need to lend or loan just to fill what you want, that's something which will really hurt your finances, it's better to keep yourself away from extra expenses as it will allow you to save some from your salaries, though we really can't generalize how things can happen, some are just doing those extra expenses due to the desire of having material things that they really wanted to own, while for some it's just an emergency thing that they need to spend extra to fill something unexpectedly.

The purpose of having a loan should be considered like if its for emergency then its good but if for material things that wont help you then i think it was bad idea and also having a loan is difficult because you really need to pay it monthly or bi weekly which makes more caught of short in your budget and it is really difficult because it has a chain effect that because you caught of short on budget you will now borrow money to others and it still continues until you are hard time paying it off, I've been there that time the only thing that survives me was that extra income and stopped borrowing money.

[smile1218]

I think it is not advisable to spend more than you earn. This can lead to financial difficulties and debt, which can have a long term consequences on your financial stability and well being. When we spend more than we earn, we are essentially leaving beyond our means. It means that we rely on credit and borrowing money to finance our lifestyle which can quickly unsustainable. The interest fees with borrowing money can add up quickly making it even harder to get out of debt. To avoid this kind of problem we need to create a budget and stick with it. If we can track our income and expenses and making sure that we are not spending more than we earn we can avoid this kind of problem. If we find it difficult to do it let us find other ways to be able to increase income to reduce expenses.

[Fara Chan]

I think it is not advisable to spend more than you earn. This can lead to financial difficulties and debt, which can have a long term consequences on your financial stability and well being. When we spend more than we earn, we are essentially leaving beyond our means. It means that we rely on credit and borrowing money to finance our lifestyle which can quickly unsustainable. The interest fees with borrowing money can add up quickly making it even harder to get out of debt. To avoid this kind of problem we need to create a budget and stick with it. If we can track our income and expenses and making sure that we are not spending more than we earn we can avoid this kind of problem. If we find it difficult to do it let us find other ways to be able to increase income to reduce expenses.

It's actually not that complicated to set a budget and stick to it either for ourselves or for each person in life. Because those who know income and expenses are each individual or ourselves, not other people so that everyone can certainly make arrangements on a budget for their own life and continue to stick to it if each of us doesn't want to have debt in life. So actually this is not too complicated to think about because when someone knows how much money he can make in his daily life or a week or a month, of course he also knows where the money will be used or spent by himself.

This is why I say that it is not too complicated to think about, even though sometimes some people are also not too easy to do it because maybe some people still can't move on from their own extravagant nature. Even though the unwise attitude in using money and the wasteful nature that exists in each of them is something that can be changed slowly or changed over time if they want to live a better life without making loans in any form in their lives.

[Halime Anatolia]

I think it is not advisable to spend more than you earn. This can lead to financial difficulties and debt, which can have a long term consequences on your financial stability and well being. When we spend more than we earn, we are essentially leaving beyond our means. It means that we rely on credit and borrowing money to finance our lifestyle which can quickly unsustainable. The interest fees with borrowing money can add up quickly making it even harder to get out of debt. To avoid this kind of problem we need to create a budget and stick with it. If we can track our income and expenses and making sure that we are not spending more than we earn we can avoid this kind of problem. If we find it difficult to do it let us find other ways to be able to increase income to reduce expenses.

It's actually not that complicated to set a budget and stick to it either for ourselves or for each person in life. Because those who know income and expenses are each individual or ourselves, not other people so that everyone can certainly make arrangements on a budget for their own life and continue to stick to it if each of us doesn't want to have debt in life. So actually this is not too complicated to think about because when someone knows how much money he can make in his daily life or a week or a month, of course he also knows where the money will be used or spent by himself.

This is why I say that it is not too complicated to think about, even though sometimes some people are also not too easy to do it because maybe some people still can't move on from their own extravagant nature. Even though the unwise attitude in using money and the wasteful nature that exists in each of them is something that can be changed slowly or changed over time if they want to live a better life without making loans in any form in their lives.

Judging from income and individual needs, it must be different for everyone. In my opinion, extravagant nature is not born without a clear reason. If seen by others it can be considered wasteful, even though what is issued is a necessity, even though it is secondary. Indeed, in the end it is the one who feels it. It's complicated when we lack funds to cover it and if there are funds it's even more complicated that maybe what the OP wants to convey to the public here.

[kotajikikox]

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

this matters all here , because if we can provide proper budgeting then there is nothing we need to save our asses for the future because there are so many people that tries to do anything but they missed having a right budget to spend each time or at least daily manner.
only use extra cash if we are in badly needed .

[waONE]

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

this matters all here , because if we can provide proper budgeting then there is nothing we need to save our asses for the future because there are so many people that tries to do anything but they missed having a right budget to spend each time or at least daily manner.
only use extra cash if we are in badly needed .

Indeed, providing proper budgeting will make it easier for us to manage it,
but for me it's still important to have savings either for the future or for unexpected things,
with proper budgeting certainly aims to avoid wasting money.

[siniminomorocomunisakito]

Good tips, the temptation to spend money at this time is very large compared to when I was in college or at the start of work, namely 10 years ago, now malls are designed to be very attractive so that it makes us want to shop, restaurants are also designed to make us able to last a long time and try all the available menus so as to make finances we can get screwed.

So, the question is do we need to avoid all of that. Namely also the need remains from us ourselves how to prioritize all of that by clarifying whether the nature is necessary or not necessary. If necessary all necessary of course. Yes, new models are always born and if we obey, we have to look for more. that's the only way out. if you are mediocre, it's like trading that we can afford to invest without adding to the financial burden, let alone using borrowed funds from other people, it becomes complicated in the end.

[nesty]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

👉👉Control your grocery list
Having meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store.  

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.


Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

That are good ways to easily stop spending more than you earn. In the current situation of our society now with the inflation and recession around we need to be wise in spending our money specifically our needs. We need to be practical in spending because the huge price increase in our daily needs is no joke, I know a lot of us experiencing that price increase in food, utilities etc. Before we buy anything we should think first if it is a need or a want. If we will be wise in spending our daily needs we can avoid borrowing or applying for a loan. To be able to do that we need to have a control and discipline within ourselves. If your friends do have a high standard of living then we should not go with the flow because it would cause us a problem overtime. The list you had provided are good ways to control spending. Creating a budget, use cash only, shopping list, control the grocery and the best part is learn to say "NO".

[bayu7adi]

..but there are also who borrows money for no reason for the sake of getting their accounts in good credit scores, and it is also not a bad thing as long as they can pay it before their due dates

This actually gives rise to an individual with a strong debtor character, leading people to become dependent on debt. For some, avoiding debt seems impossible due to their insatiable needs that cannot be met solely by their salaries. However, it is worth reconsidering: until when should someone be in debt? Is it until death?

Living a simple life and enjoying the process of growth stimulates adrenaline more than taking shortcuts by accumulating debt just to fulfill our desires for fun. Many people underestimate the burden of debt because they have a job and the certainty of receiving their monthly salary.

Even though they can repay their debts, their financial planning will progress at a snail's pace. I still believe that debt incurred for consumptive activities will only add to our burdens, and such habits will become a time bomb that can trigger stress if the job we love unexpectedly disappears.

[mich]

Well these are all some good tips you are sharing with us. It is important for us to have a budget, and to not go over this budget.  I do try only to use cash for purchases only. And I don't use my Credit Card unless I really must do it like if I make a purchase online.

I will make a monthly budget and a list like you. And a shopping list for food items we need for survival. Not types of food that are not needed and are more expensive. And I do say no for things that I would buy in the past. Things like DVDs and lottery tickets I do not purchase anymore

[coupable]

I will make a monthly budget and a list like you. And a shopping list for food items we need for survival. Not types of food that are not needed and are more expensive. And I do say no for things that I would buy in the past. Things like DVDs and lottery tickets I do not purchase anymore

Are you really going to do that?  I think that this topic has returned you with some positivity in making some financial decisions that can be considered relatively important. 
In general, there is nothing better than arranging priorities to organize the spending process to meet daily needs, especially in cases where income sources are limited.  On the other hand, in the meantime, sources of income must be diversified to liberate the spending process and get out of that limited budget between income and spending.

[Flexystar]

..but there are also who borrows money for no reason for the sake of getting their accounts in good credit scores, and it is also not a bad thing as long as they can pay it before their due dates

This actually gives rise to an individual with a strong debtor character, leading people to become dependent on debt. For some, avoiding debt seems impossible due to their insatiable needs that cannot be met solely by their salaries. However, it is worth reconsidering: until when should someone be in debt? Is it until death?

Living a simple life and enjoying the process of growth stimulates adrenaline more than taking shortcuts by accumulating debt just to fulfill our desires for fun. Many people underestimate the burden of debt because they have a job and the certainty of receiving their monthly salary.

Even though they can repay their debts, their financial planning will progress at a snail's pace. I still believe that debt incurred for consumptive activities will only add to our burdens, and such habits will become a time bomb that can trigger stress if the job we love unexpectedly disappears.

That is correct but that is correct with the “dead investments” and not with the “progressive investment”.  The difference is very simply in both of them. Dead investments is something which will have depreciation of the value over the period of time. This includes cars, bikes, furniture, artefacts, paintings, electronics (LCD, smartphones, watches) and much more in the list. However, if you consider a loan to be taken for the progressive investment then that is the best thing to do. You can have example of Real estates, commercial shops, homes, offices, that get appreciation with the time due to increasing demand. They offer exponential growth in the value because they are materialistic things which are always in demand. Definitely what is said in above post is true but it’s even better if we segregate our investment like I mentioned here.

[xSkylarx]

I will make a monthly budget and a list like you. And a shopping list for food items we need for survival. Not types of food that are not needed and are more expensive. And I do say no for things that I would buy in the past. Things like DVDs and lottery tickets I do not purchase anymore

Are you really going to do that?  I think that this topic has returned you with some positivity in making some financial decisions that can be considered relatively important. 
In general, there is nothing better than arranging priorities to organize the spending process to meet daily needs, especially in cases where income sources are limited.  On the other hand, in the meantime, sources of income must be diversified to liberate the spending process and get out of that limited budget between income and spending.

Others will say that you should find another source of income so that your budget will be enough, like you don't need to budget now or cut some food just to keep up the budget. Just imagine you don't need to set a certain budget for food and you can spend it on whatever you want to cook (except eating at fancy restaurants). It can make you feel free. That is really what I've achieved now so that my family can eat healthy foods, but again, having another source of income is difficult, but we should keep looking.

[tjtonmoy]

👉👉Use cash only

Gotta say this makes a lot of difference. When you have cash in your hand while purchasing an item at the store, it always gives you a better idea of how much you are spending and how much you will be left with. I have tried it many times and it really works. So telling from experience, this helps a lot. When you get a clear understanding of what you will be left with, you can make a better plan and stop the urge to buy unnecessary things.

One more thing I would like to add is, to delay your buying even if you have a perfect budget plan and a list for it. Delaying your buying will make you revise the list more and you can point out what you need now and what you don't. And avoid going after brand items. If it does the same work, why buy it with more money just because it carries a brand name?

That's all from me. Good post by the way. I am sure this will help a lot of people.

[Japinat]

I will make a monthly budget and a list like you. And a shopping list for food items we need for survival. Not types of food that are not needed and are more expensive. And I do say no for things that I would buy in the past. Things like DVDs and lottery tickets I do not purchase anymore

Are you really going to do that?  I think that this topic has returned you with some positivity in making some financial decisions that can be considered relatively important. 
In general, there is nothing better than arranging priorities to organize the spending process to meet daily needs, especially in cases where income sources are limited.  On the other hand, in the meantime, sources of income must be diversified to liberate the spending process and get out of that limited budget between income and spending.

Others will say that you should find another source of income so that your budget will be enough, like you don't need to budget now or cut some food just to keep up the budget. Just imagine you don't need to set a certain budget for food and you can spend it on whatever you want to cook (except eating at fancy restaurants). It can make you feel free. That is really what I've achieved now so that my family can eat healthy foods, but again, having another source of income is difficult, but we should keep looking.

Even though there's no other faucet to get money, it is still advisable to keep organize your finances so that an unwanted situation will be minimized or even avoided. It will be hard of course mainly if the income is not that big and then you have a quite bigger family to feed, but there's no need to fret because everything can be done if we analyze it correctly and most importantly, avoid doing or buying such things that will make the situation even more harder.

[ancafe]

It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done.

Human words and behavior sometimes don't go as expected when lived because it's easier said than done. But one must train how to live a simpler life and financial productivity must be a priority to be spent on needs that are more needed, training oneself to save is not easy. When life is lived properly and spending money for necessary needs, a person can train himself to place money more productively and be able to save the money he has.

Lifestyle is only a recognition limit and we often don't adjust it, so that under certain conditions our sources of income and expenses become unbalanced and in the end the life we live is increasingly burdened by fulfilling a lifestyle.

Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

Life needs to be regulated for financial problems and money is one of the necessities as a support for life, controlling money for needs is indeed very necessary and this is where one's intelligence lies to control and sufficient expenses according to income.

[odunybiz]

Good tips, the temptation to spend money at this time is very large compared to when I was in college or at the start of work, namely 10 years ago, now malls are designed to be very attractive so that it makes us want to shop, restaurants are also designed to make us able to last a long time and try all the available menus so as to make finances we can get screwed.

You are right with this. This is part of their advertising means to attract customers but one can still avoid most of this temptation if one make a good plan for his money and lifestyles. I'm not expecting a hustler to visit restaurants for all day meal, this may be so expensive for him/her. Shopping with list and making a budget for your monthly income can save you from any attractive design place on any goods and services.

[Vaskiy]

Good tips, the temptation to spend money at this time is very large compared to when I was in college or at the start of work, namely 10 years ago, now malls are designed to be very attractive so that it makes us want to shop, restaurants are also designed to make us able to last a long time and try all the available menus so as to make finances we can get screwed.

You are right with this. This is part of their advertising means to attract customers but one can still avoid most of this temptation if one make a good plan for his money and lifestyles. I'm not expecting a hustler to visit restaurants for all day meal, this may be so expensive for him/her. Shopping with list and making a budget for your monthly income can save you from any attractive design place on any goods and services.

For marketing big money is used than for the development of the product. This is why people were in a force to spend more than what they earn. Another reason, the lifestyle have got a transition to status based one. Here people have started to own things based on status and not by reason or by need. This makes people spend much on unwanted things. Spending more than what you earn is really bad and this is the root cause for all the financial problem in one's life.

[Dr.Bitcoin_Strange]

Even though they can repay their debts, their financial planning will progress at a snail's pace. I still believe that debt incurred for consumptive activities will only add to our burdens, and such habits will become a time bomb that can trigger stress if the job we love unexpectedly disappears.

although it depends on how frequently one does that, because at times, for those who are not really earning huge amount of salary, things could chuck up a bit, and at that moment you might really need some laon aids to save their ass. In moments like that, you don't need to starve yourself when you have someone who can easily lend a helping hand. But some people can have a bad habit on the process too; the bad habit I mean is to request another loan without repaying the first one.

[STT]

I got the simplest tip for bill payment priorities, not getting into trouble with late or unpaid bills.   Write down all the big bills you have no choice in, usually this involves tax and rent.   This is money you receive in pay but which honestly speaking is never yours to spend, its purely in your grasp just days or weeks then its gone.  If you dont pay tax you will goto jail and property rent or costs cannot be avoided easily, this also is money gone just days after you receive it.
   If you mark off this money which is never your own from  monthly income it will immediately give a far more realistic actual real money spending budget.   Many at this point might realize they have very little cash spare.   Its not always the best view but stay true to the real figures, dont be tempted to choose debt and even more cost from interest payment just accept the monthly bill has to be taken out of actual cash available.   If you have near zero then consider ways to either pay less in the bill or increase income but stay realistic till a change is possible.

[DeathAngel]

Lots of people spend more than they earn, this can only continue until they can not get any new line of credit though. It’s a big problem for a lot of people, the cost of living has gone up so much that low earners don’t have any other choice after exhausting cost cutting measures. All I can say is I hope the cost of living decreases soon & life can be more comfortable for people again.

[slapper]

I got the simplest tip for bill payment priorities, not getting into trouble with late or unpaid bills.   Write down all the big bills you have no choice in, usually this involves tax and rent.   This is money you receive in pay but which honestly speaking is never yours to spend, its purely in your grasp just days or weeks then its gone.  If you dont pay tax you will goto jail and property rent or costs cannot be avoided easily, this also is money gone just days after you receive it.
   If you mark off this money which is never your own from  monthly income it will immediately give a far more realistic actual real money spending budget.   Many at this point might realize they have very little cash spare.   Its not always the best view but stay true to the real figures, dont be tempted to choose debt and even more cost from interest payment just accept the monthly bill has to be taken out of actual cash available.   If you have near zero then consider ways to either pay less in the bill or increase income but stay realistic till a change is possible.

You've taken a straightforward and effective tack. It's time to face facts. When budgeting, many people fail to account for what I call "ghost money" or "temporarily owned" funds. Here's a new spin on that idea: how about factoring in the "future-self" tax as well? Not the government or your landlord will benefit from your savings, but you will.

Now that the essentials have been subtracted, you should reevaluate if what's left over causes you to sigh. It's important that anything you do to save costs or earn more money works for you. But keep in mind that there's absolutely no shame in getting help with your finances. It might turn out to be the best decision you ever made

[khiholangkang]

Lots of people spend more than they earn, this can only continue until they can not get any new line of credit though. It’s a big problem for a lot of people, the cost of living has gone up so much that low earners don’t have any other choice after exhausting cost cutting measures. All I can say is I hope the cost of living decreases soon & life can be more comfortable for people again.

I think the cost of living will never be reduced because inflation haunts the currency that we use, every year it must be printed for the continuity of supply and demand but it also affects the value of the money that is increasingly down, I think it will be difficult, We will get a salary that has an additional zero to the salary we receive.
And indeed in the current situation people will spend more money than their income, because inflation increases while the salary received by employees does not have an increase, surely it will be very tiring, and budget cuts are only small businesses that can be done in situation like this.

[Fortify]

Base on one of my recent post titled"Common Money Mistakes Anyone Can Make"(https://bitcointalk.org/index.php?topic=5448160.msg62062701#msg62062701). One of the serious point there is SPENDING MORE THAN YOU EARN. I believe this should be discussed as a separate topic as it's a very crucial part of ones financial life. Spending more than you earn make ones keeps accumulating debt from expenditure before getting income. This isn't good for ones financial life. With this you hardly save money but keep accumulating debt. It’s better to avoid debt if you can. That way you’ll avoid paying interest on what you owe. Below are ways one can easily stop spending more than you earn:

👉👉Create a Budget (or Improve Your Existing Budget)
99% of the trouble that people have with money isn’t that there isn’t enough of it but that there is no plan for it once you actually get it. Your budget (either weekly or monthly) should consider your income and your expenditure. Guide your spendings for the week or month with the budget made. This might be hard at first, but having that extra cash in hand, definitely worth the effort.

👉👉Use cash only
Shopping using card look more convenient and most time encourages you to buy unnecessary things even out of plans. I really observed I spend more money(even more than 20% of my salary) on airtime only any month I load airtime directly from my bank account through USSD. This is so convenient that immediately I exhausted my airtime when calling, I just dial the USSD code to get another. This doesn't help you financially. You get to stop. Knowing your Credit and Debit Card Number offhand isn't helpful for you. It makes you shop unnecessarily online. Using cash-only envelope budgeting system can help you minimize your spendings and sticks to budget.

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!

👉👉Control your grocery list
Having meal plan can help you minimize your monthly expenditure. This helps you to stop spending money unnecessarily on food without depriving yourself of your favorite treats. This will also help you to plan your week without any worries and give you the insight of all what you need from the store.  

👉👉Learn to say “no”
Not all goods worth buying at the moment. Although ads may be tempting but one should learn to go off any unnecessary items.


Reference: https://www.pnc.com/insights/personal-finance/save/how-to-stop-spending-money.html

CONCLUSION
It's good for one to satisfy his/her desire when making purchase of items but this shouldn't cause issues in ones lifestyle. The key to stop spending too much money is to create better money habits in your daily life. But I know that’s easier said than done. Putting one or all of these ideas into action, helps in building a healthy spending habit. Take control of your spending today and you’ll reap financial rewards for years to come.

Most of what you suggest is good advice - like budgeting and making a list of things that you stick to when you're out shopping, otherwise you end up buying random crap you don't really need via impulse or marketing psychology. However other things like paying in cash are a bit nonsensical, whole they might work for some, it is a weak way to reinforce correct financial behavior and learning to keep within your means when spending is important - constantly using cash can be detrimental to building good spending habits.

[YUriy1991]

Good tips, the temptation to spend money at this time is very large compared to when I was in college or at the start of work, namely 10 years ago, now malls are designed to be very attractive so that it makes us want to shop, restaurants are also designed to make us able to last a long time and try all the available menus so as to make finances we can get screwed.

You are right with this. This is part of their advertising means to attract customers but one can still avoid most of this temptation if one make a good plan for his money and lifestyles. I'm not expecting a hustler to visit restaurants for all day meal, this may be so expensive for him/her. Shopping with list and making a budget for your monthly income can save you from any attractive design place on any goods and services.

Yes. It is common and is one of marketing strategies also in terms of marketing. I think that's very natural, especially with the current conditions where people want to shop in a complete and comfortable place, but as the OP say, we also have the power and effort to control and align which financial priorities are more important and urgent or not yet urgent.

[Wildwest]

Nowadays we find very many people who spend more than they get because they follow a lifestyle that does not match the income they get, so this is the biggest mistake we make in everyday life, if an item we want but our money is limited then never buy the item and use the money first for more important purposes, But if indeed we really need these items, there is nothing wrong with us buying, our lifestyle must be adjusted because the current economy is sometimes not as we expected.

[Fredomago]

Good tips, the temptation to spend money at this time is very large compared to when I was in college or at the start of work, namely 10 years ago, now malls are designed to be very attractive so that it makes us want to shop, restaurants are also designed to make us able to last a long time and try all the available menus so as to make finances we can get screwed.

You are right with this. This is part of their advertising means to attract customers but one can still avoid most of this temptation if one make a good plan for his money and lifestyles. I'm not expecting a hustler to visit restaurants for all day meal, this may be so expensive for him/her. Shopping with list and making a budget for your monthly income can save you from any attractive design place on any goods and services.

Yes. It is common and is one of marketing strategies also in terms of marketing. I think that's very natural, especially with the current conditions where people want to shop in a complete and comfortable place, but as the OP say, we also have the power and effort to control and align which financial priorities are more important and urgent or not yet urgent.

Businesses are following the patterns from how people spend their money, with lots of offers they will be able to allure those people to spend more, even it's not really needed but because of alluring offers or a good marketing people will push and spend money for that particular services or products.

It's very important to still in-control with your finances, without control surely you will over-spent your money and leave you with a lot of debt to take care.

[Mr.right85]

Nowadays we find very many people who spend more than they get because they follow a lifestyle that does not match the income they get, so this is the biggest mistake we make in everyday life, if an item we want but our money is limited then never buy the item and use the money first for more important purposes, But if indeed we really need these items, there is nothing wrong with us buying, our lifestyle must be adjusted because the current economy is sometimes not as we expected.

It about the glamour and who is the more cool these days. This has been taken up by fashion House and tech developers to make some good profit off citizens of the world who have a hard time in just being the best version of themselves.
People try to emulate celebrities of which, there lifestyle is very much a part of there trade while ordinary citizens that knows this and even those that don't seem to ignore the part that, they've got no trade of there own that requires them to put up such lifestyle.

Having to spend more than you earn is such a bad means to live. You could easily find yourself at the edge and you might fall off before you know it.

Aside rom the beings, I think this is how some countries even live and its sad with all that. Watching leaders take loans from international bodies and loot it.