Economic problem, why is fiat difficult to hold.

[Lida93]

? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

Clearly you hmare irresponsible with money staying in your hand for long therefore the spending problem is coming from you on the grounds that you lack financial discipline and with no budget plan on how you intend to spend your cash against the coming days, week or month, so it got nothing to do with what or how the society is.

Learn to be economical with your spending habit by making sure you spend money on vital needs especially household needs and suspend any unnecessary or unplanned expenses, do so as a habit and see money staying longer in your hands.

[1715331291]

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[1715331291]

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[famososMuertos]

You have made it personal, your context, then is surely you fault, bad habits, etc.  Or that your saving capacity is zero, you don't generate so much money so that according to your expenses you can afford to save.

On the other hand, we live in times in which we abide by the advice of third parties, so taking "truths" as saying that it is the fault of our current consumer society is just justifying our bad financial reality, which depends on your common sense. and responsibility.  It's simple, use the financial benefits correctly and give your Fiat a better sense of use.

[woez]

You have made it personal, your context, then is surely you fault, bad habits, etc.  Or that your saving capacity is zero, you don't generate so much money so that according to your expenses you can afford to save.

On the other hand, we live in times in which we abide by the advice of third parties, so taking "truths" as saying that it is the fault of our current consumer society is just justifying our bad financial reality, which depends on your common sense. and responsibility.  It's simple, use the financial benefits correctly and give your Fiat a better sense of use.

The so-called needs certainly exist, but it's true as you say "It's simple, use the financial benefits properly and give your Fiat a better sense of use" and I think one of the ways with which expense boxes are important and urgent. If we remember we are safe. but the story is different if we follow the lifestyle, it's enough that it's not enough.

[FrozenBit]

Financial management is a process, requiring monitoring and initiative. You can learn more about smart financial management to keep your money more stable and achieve your financial goals. This problem not only happens to you, but also happens to many other people. One major reason is that fiat money has no item value behind it. It is created from the trust of users and governments, and therefore its value can decrease over time. In addition, feeling demanding to use your money can be due to some bad consumption habits, it can also be due to incurred costs and improper financial management.
Avoiding carrying cash and replacing it with an ATM card or using online banking can make it easier to manage your finances and reduce unnecessary spending. If you decide to use these facilities, you should ensure that you can manage your bank accounts and use your ATM cards smartly and responsibly, avoiding wasteful spending.

[Madu$11]

When I am with my friends they want to waste my money. If I have an ATM, I don't keep an ATM because I want to waste money from that bank. Because of this my close friends call me miser but I am not miser. By saving this money I will invest in BTC because when my money is in cryptocurrency I can buy small things with this money. If you really want to stop wasting money then do like me.

[jaberwock]

The thing is.... people are bombarded with advertising to buy goods and to pay for services... every day. You watch television and they show advertisements of fast food franchises and people quickly hop onto their phones and order food through a App.

Credit cards and Debit cards were created to remove people from physically touching and seeing the Fiat money that they are spending. (You do not see the money going out of your physical wallet, so you spend it without thinking about it) 

In this day and age, we need to be aware of this fact, and when you know this, it should be hard to get it as well. I understand that it is not going to be simple to keep it going without buying anything, but if you know that they are doing it just to sell some stuff, then you shouldn't be falling for the trap neither.

I mean if you fall for that trap even while knowing that it is a trap, then what's the point of having anything that would be profitable for you at all. I think it is a lot better to just focus on what you could do personally, and if you know what you are going to do then you are going to be able to actually make a change. That is why it's much smarter to make a profit from not caving into what the society shows you as the right thing to purchase and focus on your own needs.

[Altryist]

You have made it personal, your context, then is surely you fault, bad habits, etc.  Or that your saving capacity is zero, you don't generate so much money so that according to your expenses you can afford to save.

On the other hand, we live in times in which we abide by the advice of third parties, so taking "truths" as saying that it is the fault of our current consumer society is just justifying our bad financial reality, which depends on your common sense. and responsibility.  It's simple, use the financial benefits correctly and give your Fiat a better sense of use.

We live in a consumer society, that's true. Am I ready to say that society itself is to blame for this, probably not, but society allowed this and this is not very good. Whoever is willing to hold fiat will fail because it's a losing strategy these days, inflation is too high, and the printing press will continue to solve government problems. For them, this is a magic wand that can solve all problems, and for those who keep fiat, this is the worst decision that could be made. They work hard all their lives to save something, but in the end it will all be in vain, because government policies have stripped them of everything.

[Ultegra134]

You have made it personal, your context, then is surely you fault, bad habits, etc.  Or that your saving capacity is zero, you don't generate so much money so that according to your expenses you can afford to save.

On the other hand, we live in times in which we abide by the advice of third parties, so taking "truths" as saying that it is the fault of our current consumer society is just justifying our bad financial reality, which depends on your common sense. and responsibility.  It's simple, use the financial benefits correctly and give your Fiat a better sense of use.

It sounds like a budgeting issue; either the OP has a lot of money and doesn't care about proper management of funds, or the exact opposite. Cash is difficult to keep track of, which is the main reason I've stopped using it, along with safety reasons. Moreover, I find it inconvenient to use, as I don't like the idea of having to withdraw money every once in a while. Thus, I resort to paying with my debit or credit card every time, with which I can easily keep track of how much I spend and create a budget.

Some claim that cash is king, but I disagree; it's not convenient for our day and age anymore. While card payments also have disadvantages because governments have started tracking our expenses, something that I absolutely hate, they are a necessity.

[Falconer]

I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

You just need to know what the solution is, and one of them is to limit unnecessary spending of money.
When inflation rises, you will feel the effects. Fiat loses a lot of its value and it is even more pronounced when the value of an item becomes very expensive. As the cost of living increases, lifestyle can sometimes be problematic, so cut back on anything you feel you don't really need instead of blaming someone else for how you spend your money.

[Silberman]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

That is how the economy is arranged to work, governments print a lot of fiat not only to steal from their citizens, this move causes them to understand that if they keep holding their fiat then the less it will buy on the future, so it is preferable to spend it now than to keep it, however while things are still within the control of the governments at some point they get too heavy-handed with their fiat printing policies and people begin to spend their money as soon as they get it, a process known as money velocity, and if it gets too fast it can destroy the economy.

[imamusma]

I don't know who to blame in your case but yourself and your policy of spending money. I think you have to be wise enough to manage your finances so that you don't get into financial problems all the time. When you know that fiat values ​​depreciate all the time then you really need to manage your finances and not spend them on something that is not useful.

Imagine how easy it is that $100 is no longer enough to meet 7 days' needs when you have dependents for your children and wife, so limiting spending and managing finances properly is advice for anyone to avoid financial problems.

[darkangel11]

Fiat money, or cash, OP? Because you say fiat money "at hand" which makes me think that you're talking about cash.
You must have problems with over spending and that's not a fiat's problem but your own. It's the same debacle as between an owner of a gun and the gun itself. People who want strict gun laws claim that guns kill and people should not use them, while those who understand how it works say that guns don't kill, but people do and they'd do it with, or without a firearm.

If you have a problem with holding fiat money, and you were given bitcoin, I bet you'd spend it just as fast. It's not about the type of money that you have but your attitude towards it.

[serveria.com]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

To me it looks like there are several possible reasons and also solutions. Inflation and price rises is one of the reasons. You have to spend more on utilities, groceries, rent, insurance etc... Secondly, you're living beyond means obviously. You have to learn how to control your expenses or look for a better job (or some side hustles).

[libert19]

I agree, I find it hard to resist spending if I have money at hand — even tho my belly may be full, I still eat some fast food, or buy t-shirts, go to mall. When I was younger, I was better against these habits that have come upon me.

Also, I find it hard to keep track of cash purchases so have started to use online payments.

[Bitcoin2009]

The ever-increasing cost of living makes us have to be vigilant because it can get us stuck with debt, many people use shortcuts by going into debt when they feel they have a need that cannot be met from regular income, and in my opinion the best thing right now is to force yourself to be able to invest in cryptocurrencies.

[Falconer]

I agree, I find it hard to resist spending if I have money at hand — even tho my belly may be full, I still eat some fast food, or buy t-shirts, go to mall. When I was younger, I was better against these habits that have come upon me.

Also, I find it hard to keep track of cash purchases so have started to use online payments.

Indeed, sometimes digitalization has become a problem experienced by people without them realizing it.
I also tend to spend a lot of money online compared to physical shopping, but self-control and financial management will remain a priority for me. I'm not saying extravagance is bad for everyone, especially if they have a pretty good monthly income.

But when the level of use of money has reached 90% more than a month's salary just because of uncontrollable expenses, it is clear that we will be in financial trouble when we need urgent expenses. The thrifty mindset must be emphasized carefully, so the habit must be reduced slowly.

[Don Pedro Dinero]

If the OP is doing well, he will find the fiat difficult to hold and spend it all, but some of it will be spent on things worth holding like bitcoin. As fiat depreciates it doesn't pay to hold much and millionaires in fact hold little, especially relative to their wealth. They do have assets that are worth holding, and many of them are income producing. With that income they cover both current spending and purchases of more assets.

But it seems to me that this is not the situation of the OP, who has fallen more into consumerism than anything else, i.e. he spends his money without buying assets. You'd better start buying OP, especially bitcoin. You will be better off in the future.

[SaveOurSea]

I agree, I find it hard to resist spending if I have money at hand — even tho my belly may be full, I still eat some fast food, or buy t-shirts, go to mall. When I was younger, I was better against these habits that have come upon me.

Also, I find it hard to keep track of cash purchases so have started to use online payments.

These temptations are certainly not easy, of course, especially when you are still young,
the more mature I think we realize how important it is to reduce non-essential expenses,
Of course it would be better if at the beginning we realized that managing finances is important.

[Oasisman]

soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

That's both and in addition the inflation. All things are becoming more and more expensive, now if you have a habit of unnecessary spendings, that's what make it hard for you to hold cash, since cash is easier to spend as well as having credit and debit cards.
Actually, it is not only you who has been struggling with saving money. Many people also do, especially the young professionals who have less interest in investments as they are still spending their money with leisure and luxurious life style.
 

[BitcoinTurk]

the same condition may also be experienced by others. because basically inflation which makes the prices of basic necessities soar high will of course also force everyone to spend or use more money to meet their daily needs. So that some people find it difficult to stay thrifty. and they become more wasteful because they are pushed by the soaring prices of necessities. Prolonged inflation will also make people's economic power decrease which will trigger a recession which is also currently being experienced by several countries.

Of course, regardless of anyone's financial situation the cost of living has affected everyone or will affect them in the coming period. Although some people cause unnecessary consumption and waste by spending without paying much attention to today's price increases, the fact that many people do not spend in this way is entirely due to abnormal increases in the cost of living. And yes, if inflation cannot be dealt with and if the inflation rate continues to increase for a while, causing the prices of basic consumption products to increase unfortunately this situation will negatively affect many individuals and the country's economy. In this process, it will be useful to determine a roadmap that will be suitable for all conditions and to pay attention to our expenditures.