I am forgetting the value of money.

[cafter]

In my country, even $5 is considered a reasonable amount for the lower middle class. I spent $5 to purchase a seemingly worthless movie or music subscription, and I fall into the lower middle class category myself.

I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.

This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?

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[tabas]

What can I do to remember the importance of money and spend more carefully?

Spend it wisely on the things that you truly need. You don't have to restrict yourself from spending on things that are like for entertainment as long as that amount isn't going to eat a lot of portion of how much you've got. But if you're in that shoe where you barely afford to earn that amount, you must really tighten your pockets. Just remember the hardship that you've dealt with before and how far you've come now. It is okay to help other people to stand on their own when they're in need. Not everyone is fortunate as you at this time and I think that's enough motivation for you to be careful and remember how you should spend your money wisely.

[Helena Yu]

This is the reason why most of people can't become rich, when someone salary is increased, they tend to spend as much as the salary they earn.

You need to learn about frugal living, when you want to buy something, don't directly buy it. Try to wait for few days or week, then remember back do you really need it or not? if you not have any problem without buy that thing, you shouldn't buy it because you're just want to fulfill your desire, not your needs.

[zaim7413]

What can I do to remember the importance of money and spend more carefully?

You have to remember the value of money and you have to realize how difficult it is to earn money. You can easily spend more than $5 in just 5 minutes, but you can't get replacement money in just 10 minutes.
Do experiments around your life, you will find the answer. Your friends will always have time to laugh with you as long as you are able to treat them to food and drink, but when you ask them for a loan, some of them will say "sorry, I don't have any money".
It needs to be underlined, money doesn't have legs to walk to your wallet on its own, that's why you have to work hard to get it. So, you need to be careful in spending it.

[Gozie51]

What can I do to remember the importance of money and spend more carefully?

I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.

That is the answer to your question.

Nothing is permanent in life and that is why they say the only thing that is constant is change. So you have moved from the other side to another side where you can spend without gnashing of teeth, your needs are now well taken care of, to sustain it you have to reduce spending frivolously and channel spare or unused or needed money into investment. Try to diversify your source of income and by that you can still meet up with the kind of life you want to live, you can extend hands of gift without thinking twice.

So build a source of income outside from signature campaign earnings, remember nothing last forever but if you have sustainance outside the forum then you are good as building good economic growth for your self.

Unfortunately, government still has to be blamed for not providing the less privileged with good life but to turn them into beggars and leaving them on the mercy of themselves. It is the struck of luck and working smart that you are able to live the life you are living.

[yudi09]

In my country, even $5 is considered a reasonable amount for the lower middle class. I spent $5 to purchase a seemingly worthless movie or music subscription, and I fall into the lower middle class category myself.

-snip-

What can I do to remember the importance of money and spend more carefully?

The value of the currency barely matches the price of the goods spent on.
I can currently use $5 in my country's currency exchange rate to buy internet credit which I will use for 1 month and depending on my usage.

It is very important to use money wisely for shopping purposes. If, for example, $5 is enough for cooking needs for several days, use it to spend it because the income in those few days can be used for other needs and when it is sufficient, the proceeds from the next income can be used for savings.

[rat03gopoh]

I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.

Key words:

• Value is relative
• Needs must always be met without thinking twice.
• The level of needs changes with the level of income.

For me, that's normal, you are the one who makes other needs come. Let's say someone is a remote farmer with a daily income of $2, they will be excited when they just go to town to see the majestic buildings for their entertainment. Meanwhile, those of you with a salary of $100 per day have to go on holiday abroad to really get entertainment.

[BigBos]

I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.

A glance at the value of money or fiat when you used it in the past was called the Time Value for Money, meaning that the value of fiat will continue to decline due to inflation and inflation is the source of all diseases. So to cover the value of the past the government creates interest. The value of $1 In the past you could spend it on various goods, but now $1 has no value whatsoever to pay for.

If we discuss more broadly the emergence of Bitcoin, its supply is limited, even if it is mined until it runs out, the maximum amount in circulation will still be 21 million BTC minus the number of people who have lost Bitcoin in the past because they forgot to recover it. seeds or because they die, etc. With limited circulation, Bitcoin is the only asset or currency that is free from inflation. Compare $1 BTC 10 years ago and what you still have today to $1 US 10 years ago

Can you afford to buy goods at this price now? No

Spend it wisely on the things that you truly need. You don't have to restrict yourself from spending on things that are like for entertainment as long as that amount isn't going to eat a lot of portion of how much you've got. But if you're in that shoe where you barely afford to earn that amount, you must really tighten your pockets. Just remember the hardship that you've dealt with before and how far you've come now. It is okay to help other people to stand on their own when they're in need. Not everyone is fortunate as you at this time and I think that's enough motivation for you to be careful and remember how you should spend your money wisely.

Say, shop wisely, but at this stage the definition of being wise in shopping cannot be measured evenly. For the lower middle class, they do not have sufficient shopping options because to fulfill their daily needs they need to sacrifice other needs. In this way, there is no shopping wisely unless the shopping costs are still low.

[Eternad]

I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.

It’s not about exposure to high salary people online but rather things like subscription and other type of expenses is more easy to do now due to online payment. It’s very easy to spend money even you don’t have enough once you browse something online that interest you while it falls on your budget range.

What can I do to remember the importance of money and spend more carefully?

Don’t use gadget or don’t browse online I guess. Just like what I mention above. It’s very hard to control yourself to not spend once you saw item that interest you that you can purchase online. Convenience is what makes people spend more. Or just do proper budget management so that you can only have limited budget that you can use to purchase miscellaneous things.

[philipma1957]

In my country, even $5 is considered a reasonable amount for the lower middle class. I spent $5 to purchase a seemingly worthless movie or music subscription, and I fall into the lower middle class category myself.

I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.

This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?

Create a thread so that you can read and reply with others as to what to do.
Come back to that thread every day for 2 months and always figure a way to reply to it.

Re read that thread. Often.

So far you wrote the thread on the 6th of October. Nine replies to it in less than 6 hours. Come back to the thread read them and talk back to us no later than tomorrow.

[Marvelman]

One thing that I always like to suggest is to set a budget for yourself and stick to it. Keep track of all your expenses no matter how small they may be. This can help you in monitoring your spending habits and increasing your awareness of where your money is going. Another excellent idea is to practice delayed gratification. When you have the urge to make a purchase take a day or two to contemplate whether it's something you genuinely need or simply a passing impulse. However don't be overly harsh, on yourself if you occasionally make mistakes. Striking a balance, between enjoying life and maintaining responsibility is crucial.

[cabron]

Yet today people keep wasting money to subscribe to Netflix to waste more time watching movies. $20 for a premium plan every month.

The financial situation will get worse as more are jobless while companies are going bankrupt. Everywhere in the world is not working well, people now have been trying to make it with 2 to 3 jobs at the same time to make ends meet while they start getting used to having 2 meals a day.

[knowngunman]

This is the reason why most of people can't become rich, when someone salary is increased, they tend to spend as much as the salary they earn.

You need to learn about frugal living, when you want to buy something, don't directly buy it. Try to wait for few days or week, then remember back do you really need it or not? if you not have any problem without buy that thing, you shouldn't buy it because you're just want to fulfill your desire, not your needs.

And you think this will be very easy or possible? You can be frugal as you want but I don't think it will be possible for someone to continue living in their old condition prior to the increment of their salary. Remember that your salary can not just increase unless your task increase as well. Meaning as you begin to earn more, you must work more. Consequently, you need to spend more to keep good care of yourself by eating enough healthy foods and proper health care to keep you strong so you can do more work to earn more money efficiently.

It's not possible for all to become rich and limiting yourself to average lifestyle by not spending enough when you have the means is wickedness to self and stinginess. It won't make you rich either. What matters is to not try to compete with people that earn more than you do to spend above your worth or spend extravagantly. Be financial conscious all the time.

[n00ber]

What can I do to remember the importance of money and spend more carefully?

Plan your weekly or monthly spending, and buy only what is necessary. In case you cannot control your spending when you have money in hand. I think it's best to invest the majority of your income in long-term assets, which is what I'm doing to limit wasteful spending. Because sometimes we won't be able to control our waste when we have too much money in hand.

There are many people out there who are struggling but life is like that, when we have a lot of money we will consider the value of money very low and it is very difficult to get rid of that mindset without any planning or discipline.

[Poker Player]

What can I do to remember the importance of money and spend more carefully?

If I were you, I would take a different approach. If you are earning well above your country's average income, don't forget to save and invest, thus increasing your net worth. Also have an emergency fund, and once you have all this, spend part of your money on consumption or entertainment and use the other part for donations. Imagine if you had taken out a $5 or $10 bill and given it to that woman who was asking to borrow $1, you would have given it to her.

That way you will improve your net worth and help others, always being aware of what money is worth.

[Davian144]

You have to remember the value of money and you have to realize how difficult it is to earn money. You can easily spend more than $5 in just 5 minutes, but you can't get replacement money in just 10 minutes.
Do experiments around your life, you will find the answer. Your friends will always have time to laugh with you as long as you are able to treat them to food and drink, but when you ask them for a loan, some of them will say "sorry, I don't have any money".
It needs to be underlined, money doesn't have legs to walk to your wallet on its own, that's why you have to work hard to get it. So, you need to be careful in spending it.

The expression you said is a fact that occurs very often in everyone's life and maybe including in your life too. Because I have also encountered things like that through my life so there is only one option, namely working hard to be able to call money into our own wallet. And another logical thing you say is that money will not come by itself if we don't make our own efforts in looking for it, but spending it will always be easy so there needs to be deeper consideration when we spend it because getting it will not be as easy as spending it.

[coupable]

Each person determines the value of money according to his own financial situation and not based on the general financial situation. If you can buy a song on the Internet for $10, it can never be said that you have wasted a fortune because other people receive that $10 as a monthly salary in exchange for working 8 hours a day. Individual income rates vary from one country to another and from the capabilities of each person to another. At the same time, I cannot advise you to spend wisely because the concept of wise spending varies from one person to another as well.

[Die_empty]

I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.

The internet makes the world a global village but we still live in different worlds. You have to understand that these different worlds have different economies and standards of living. I cannot spend like an American even if I share the same platform with them because they earn far better than me. I might be in a global space via the internet but I spend like a citizen of a developing nation.  

This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?

Nobody will teach you the importance of money if you suffer hunger or lack due to imprudent spending. You should know that you need a budget that covers your expenses and also have provisions for savings. No amount is worthless if you can keep it consistently for a long time. If cigarette smokers can save what they spend, they will have good sums at the end of the month.

[Faisal2202]

This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?

Without going into the religious talks, I will simply say, level up your standard when you start to earn more and try not to forget to help those who are in need. If you saw that woman begging for 1$ then you should help her with $10 because God has given you the money.

In our religion, we have this belief that we are not being tested by God when we are poor, instead, we are being tested by God when we are given wealth or fame. So, in our ups, we have to help other and remember what we were and from where our God/creator has taken us.

Try to increase your morale by following good norms.

[Wexnident]

~

I think this happened to me when I was suddenly able to receive pretty big money in a constant 2 months or so? It really pushed my sense of money off, to the point where even after I stopped receiving that amount, my mindset was still along the lines of "oh, I should buy this, probably can" when it's way out of budget. I think the best method was to, well, just manage it properly. For me that first experience enabled me to adapt the next time it happened (when I entered the workforce). It also helped that after that, well, I started paying bills, food budget and stuff like that. I had to manage my money (the first time, well, I didn't).