this makes a huge impact on the economy.

[Silberman]

I noticed majority of the people in my area tend to spend more money then usual when they get their salary, like buying things they don't really need.
I said majority of people because my dad owns a grocery store, I have noticed that most of the customers tend to buy more stuff on the 1st and 10th day of the month because on these days they get paid in my country.
I already seeing this pattern on news or business related youtube videos, but I didn't think it was a big deal.
Now I realized that its very important to consider this behavior of people when making business decisions because it can have a big impact on the sales or finances.
I am surprised by it because in my family we usually buy only things we really need, I am starting to understand how other people's spending habits can affect the business.

Do you also find yourself spending more on you payday?, or you approach your expenses differently?

Those habits are maintained through the life of a person as it is known this happens also to the elderly when they get the money from their pensions, in my opinion what happens is that people are just earning enough to maintain their lifestyle and they have no savings at all, so they have to spend a great deal of their money as soon as they receive it, this is what it is commonly known as the rat race, and if people want to avoid falling into that pattern then they need to reduce their expenses as much as possible and begin to save and to invest.

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[TakeItEasy]

I noticed majority of the people in my area tend to spend more money then usual when they get their salary, like buying things they don't really need.
I said majority of people because my dad owns a grocery store, I have noticed that most of the customers tend to buy more stuff on the 1st and 10th day of the month because on these days they get paid in my country.
I already seeing this pattern on news or business related youtube videos, but I didn't think it was a big deal.
Now I realized that its very important to consider this behavior of people when making business decisions because it can have a big impact on the sales or finances.
I am surprised by it because in my family we usually buy only things we really need, I am starting to understand how other people's spending habits can affect the business.

Do you also find yourself spending more on you payday?, or you approach your expenses differently?

Mostly I pay on my food and I also like the street food the most. And also I like watches, even I like to get a new watch everyday, and I also do that. But sometimes there are some issues due to which I didn't change the watch daily. Although I have a habit of buying food even I was full sometimes but drinking juice and eating fast foods are just like on another level.

My monthly expenses got spend, and has a 70% on my food which I want to quit a little but some of my doctor friends says it is also important for health, that you can keep your body healthy. He always say me how would you work if you didn't keep your body always fit? Then I didn't say anything to him in return. BTW I'm find a way to quite this bad habit of spending useless money.

[ZAINmalik75]

I noticed majority of the people in my area tend to spend more money then usual when they get their salary, like buying things they don't really need.
I said majority of people because my dad owns a grocery store, I have noticed that most of the customers tend to buy more stuff on the 1st and 10th day of the month because on these days they get paid in my country.

Do you also find yourself spending more on you payday?, or you approach your expenses differently?

Yeah, I find myself spending more on payday but I don't mind it because I don't waste money on useless things because on payday when I receive my earnings, I first try to clear out my loans, expenses, and the basic goods for the house and pay the bills I try my best to contribute in my home expenses and at the end I left with a little saving which I prefer to invest in BTC.

But whenever I save money in fiat I definitely spend that money on food and on other things that I don't want to disclose its not they are bad things instead they are a lot of things like shoes, clothes, or other small things but I buy occasionally.

I wanted to make my approach more saving type means I want to save more and to do that I have to earn more so now my only concern is to expand my earning sites so I could earn more and after spending my on all the expenses I would leave with more savings and I would buy things for me. And I don't think you can judge people for one hundred percent that they are buying things from your store and they are useless to them. Maybe they are not, maybe they are buying it for someone else or there would be any case.

[puloweh555]

Do you also find yourself spending more on you payday?, or you approach your expenses differently?

If I read from your story about many customers shopping when they receive their salary at your father's clotong shop, maybe they shop for necessities in a month. by shopping at the beginning of the month to have enough for everything until the end of the month so they can save time buying household necessities.

Of course, take a different approach to spending. In my opinion, money can also be used as a treatment for stress, to be honest, that's what I feel. Therefore I try to control the money that comes in and goes out (both). So I keep shopping below my salary to be able to save and save money.

Because for me, the way to live economically doesn't actually require using this or that theory, this method or that, the important thing is determination in your heart and mind. Usually, wasteful people don't have a future goal in life, they want to have something big, their desires are only short term. As rich as people are, they still have financial planning, there are things that must be saved. God has given us enough fortune, what makes it not enough is his lifestyle, his desires exceed his abilities, he wants to have this and that but doesn't measure it.

[Fausto Arta]

Do you also find yourself spending more on you payday?, or you approach your expenses differently?

If I read from your story about many customers shopping when they receive their salary at your father's clotong shop, maybe they shop for necessities in a month. by shopping at the beginning of the month to have enough for everything until the end of the month so they can save time buying household necessities.

Of course, take a different approach to spending. In my opinion, money can also be used as a treatment for stress, to be honest, that's what I feel. Therefore I try to control the money that comes in and goes out (both). So I keep shopping below my salary to be able to save and save money.

Because for me, the way to live economically doesn't actually require using this or that theory, this method or that, the important thing is determination in your heart and mind. Usually, wasteful people don't have a future goal in life, they want to have something big, their desires are only short term. As rich as people are, they still have financial planning, there are things that must be saved. God has given us enough fortune, what makes it not enough is his lifestyle, his desires exceed his abilities, he wants to have this and that but doesn't measure it.

Hmmm, that's some wise advice coming from the crowd.
We all need planning, but some of them have to ruin it because of inflation.

You can't completely stop your lifestyle and hold back many intentions of not having something of high value, because whatever you have today is a blessing that you should feel after working hard. If you are too stingy with yourself to the point of not look better when you have money, then you will fail to enjoy life from the results of your own sweat. Yes, of course within reasonable limits, meaning that your lifestyle is in accordance with your financial capabilities.

[Fortify]

I noticed majority of the people in my area tend to spend more money then usual when they get their salary, like buying things they don't really need.
I said majority of people because my dad owns a grocery store, I have noticed that most of the customers tend to buy more stuff on the 1st and 10th day of the month because on these days they get paid in my country.
I already seeing this pattern on news or business related youtube videos, but I didn't think it was a big deal.
Now I realized that its very important to consider this behavior of people when making business decisions because it can have a big impact on the sales or finances.
I am surprised by it because in my family we usually buy only things we really need, I am starting to understand how other people's spending habits can affect the business.

Do you also find yourself spending more on you payday?, or you approach your expenses differently?

This has been going on for generations, people want instant gratification and don't want to think about the consequences of paying it back. All the products and services out there use advertising designed to tell you how happy you'll be if you just purchase item X, while glossing over or disguising the price of it "in 360 easy payments of $5". Many people will fall into these traps because the education system in most countries does not set people up well enough to defend against this very clever psychology of sales. The focus is too often on math in schools, when it should be on financial instruments and encouraging savings / investments. There is also a lot of hidden astroturfing going around these days which can make it even harder to tell honest opinions.

[dothebeats]

I used to be a product of consumerism. I tend to overspend on things that I don't need on days when I have excess money. It is when I started tracking my finances that I came into the realization that I'm spending a lot of money that could have went to a savings or investment fund instead. It was a grim realization, though I was able to curb it thanks to me living alone and being a really frugal person to my core.

A lot of people are driven by consumerism. It's not a healthy mindset, though with the advancement in advertising, people are easily baited.

[barisbilgili]

I used to be a product of consumerism. I tend to overspend on things that I don't need on days when I have excess money. It is when I started tracking my finances that I came into the realization that I'm spending a lot of money that could have went to a savings or investment fund instead. It was a grim realization, though I was able to curb it thanks to me living alone and being a really frugal person to my core.

A lot of people are driven by consumerism. It's not a healthy mindset, though with the advancement in advertising, people are easily baited.

Spending money for lifestyle needs will mean that the income we get will not be able to invest or save, because every time we have income we will be lured by the advertisements we see and buy things we don't actually need, so it is very important for us to be able to note all the expenses we have so that we can check whether we have used the money we have well and if we find the money we use for things we don't need and can improve it so as not to use the money we have on things we don't need.

[Sebas.tian]

Spending money on some things you don't need is a madness, and such people need to visit a hospital for a proper treatment so that he or she will begin to function well by  buying things they need. Every 27th of every month is my pay day and my family know that i always come home with food stuff and other things that will serve us through out the months till another salary will come, and it make the family not to experience any hardship in the house. How do you know that those people are spending money on some things they don't need? For people to leave their various home to your store to purchase a particular things show that they need that particular products or someone send them to buy the products for consumption purpose.

[ancafe]

Now I realized that its very important to consider this behavior of people when making business decisions because it can have a big impact on the sales or finances.
I am surprised by it because in my family we usually buy only things we really need, I am starting to understand how other people's spending habits can affect the business.

Do you also find yourself spending more on you payday?, or you approach your expenses differently?

It happens almost in most places now and when they receive a salary they will buy something other than the essentials. This kind of behavior has spread widely among society and they do not consider developing the potential of the money they have. If shopping habits can be balanced with opinions at work, that's another thing, because this can influence the sales sector to be much more developed, but what becomes a problem is when spending is not balanced with their income. I don't have a criteria for buying things and usually I will put the important things first even though sometimes I can't control when I have money and that's how human life is nowadays.

People's behavior in making money through productivity is not always the same and some people do not even have the ability to develop a business. So this is what we need to review and the younger generation must really be taught to develop their potential, spending money on things they need is a must and an attitude of prioritizing what is important must be instilled.

[jasonjm]

Do you also find yourself spending more on you payday?, or you approach your expenses differently?

People love to spend money as soon as they get their salary. Sometimes, they need all those items at home or office, but they do not have the money to buy them all, so they wait for their salary to be credited.
Branding and marketing also influence the spending habits of people. Nowadays, people spend their money just to show off. For example, they wanted their friends and relatives to know that they own an iPhone or a high-end vehicle etc. They spend money afterwards to maintain that status quo.

I usually buy stuff whenever I need them. I don't buy things just because they are on sale. I do wait for some items to go on sale to buy them cheaper, but they are not my daily routine items.

[Freddie Boyer]

Spending money on some things you don't need is a madness, and such people need to visit a hospital for a proper treatment so that he or she will begin to function well by  buying things they need. Every 27th of every month is my pay day and my family know that i always come home with food stuff and other things that will serve us through out the months till another salary will come, and it make the family not to experience any hardship in the house. How do you know that those people are spending money on some things they don't need? For people to leave their various home to your store to purchase a particular things show that they need that particular products or someone send them to buy the products for consumption purpose.

Life style. if they feel that it is easier and easier to get money and you can feel this if you get a big salary of course it is followed by big expenses and if it is small you will adjust it or adjust it to the end of the month because the post is only one salary. Like it or not, it's all there.

[traderethereum]

I don't spend more on my payday because I have to immediately allocate the money for various daily needs and save the remaining money, including allocating gambling
But what I have allocated often changes because of sudden needs that must be met immediately, so if that's the case, I have to rearrange the money allocation.
I only buy things I need so I can save money for other things, and I can be calm in managing my money.
Don't chase a lifestyle because it will never satisfy us, especially since lifestyles are always changing, which can make it difficult for us to follow them.

[AnonBitCoiner]

Majority of people are spending money on 1st day of their salaries because they are in wait to get money and fulfill the requirements of family because once they spend money then there will be difficulty in mid of month to buy something necessary. In our country salaries are on monthly basis therefore most of them prefer to buy all the things in first week of a month.

But those who settled their business will not wait for 1st day of salary because they earn on daily basis. People who earned their salaries make a plan for it and save some amount for emergency therefore they have fixed date on which they buy all the things as during first days there have money to accommodate it but later they don't have much money.

Some people have no idea of spending therefore they don't think about rest of the month but spend all money in one day so this step is not a wise step but actually it make a man useless because they don't have save amount for future.

[Lorence.xD]

I think it really depends on the situation of the person, cause some of them to have a family to feed, so they are already spending their money on their needs such as storing food, allowance, etc, from that they can manage the extra money left that could go to savings or investment. And if the case is a person working for himself, for sure they can spend money on things they want cause they only need to feed themselves, so every payday they motivate themselves like "once I get my salary I will buy a new cellphone", which is sound impractical for a person who's budgeting their money. Desires and wants could be a way of motivating people, but spending money on unnecessary things and you don't even need is actually bad which can be an issue in your financial status in the future. Some lifestyle might sound good to hear that you can buy everything you want, but it would be better to have investment and savings for your future, and those desires and wants you can easily achieve.

[Ahli38]

I don't spend more on my payday because I have to immediately allocate the money for various daily needs and save the remaining money, including allocating gambling
But what I have allocated often changes because of sudden needs that must be met immediately, so if that's the case, I have to rearrange the money allocation.
I only buy things I need so I can save money for other things, and I can be calm in managing my money.
Don't chase a lifestyle because it will never satisfy us, especially since lifestyles are always changing, which can make it difficult for us to follow them.

I also do the same thing, although not for a monthly period. But shopping in large quantities at the beginning of the month or when we have just received our salary does not mean waste. Because sometimes I also shop a lot at once for a week's supply. Because sometimes shopping more at once we can get cheaper prices. This is what also happens a lot.

But shopping in large quantities for supplies within a certain period of time must begin with careful planning and allocation of funds as you did. And the solution is that if needs often arise outside of the allocated planning, we can overcome them by preparing from the start, namely by having a special allocation for emergency funds. Which can be used for health or other things that sometimes come without us planning. If we don't have an emergency fund, this could potentially damage any fund allocation plans that we have prepared. So it is better to make some backup plans in this case too. An emergency fund is one of them.

[slapper]

Absolutely, the trend you've noticed is a classic example of the "payday effect". It's fascinating, right? When people get paid, there's often an immediate shift to a spending mindset. Psychologically, it's like a reward; after hard work, there's a natural inclination to indulge. Also, there's a bit of "mental accounting" at play here; people categorize their income and treat 'new' money differently. It's not just about reckless spending; it's about the psychological relationship with money.

Regarding my own habits, I lean towards a more balanced approach. I set aside a portion for essentials, savings, and then, if there's room, a little for 'wants.' It's about striking a balance between immediate gratification and long-term financial health. Understanding and managing this behavior is crucial in personal finance. It's all about self-awareness and adjusting habits to align with financial goals. Wouldn't you agree?

[FatFork]

Do you also find yourself spending more on you payday?, or you approach your expenses differently?

As for me, I don't really have set shopping routines.  When the checks roll in every month, I usually knock out the regular bills first and  groceries and whatnot I just buy when I need to, spreading it out over the weeks.  I tend to watch my budget pretty close not overspending just because I got some extra funds that week.  But I also dont deprive myself either - if I've covered my bases, a little treat now and then is nice.

Some people go nuts when they get paid, while others prefer to save their money.  Comes down to personal money situation and preferences, I guess.  At the end of the day, we all handle our finances differently.  Businesses need to understand that if they wanna connect with customers and meet their diverse needs.

[Essential10]

Individuals have needs and spend money according to their means. I can't tell you who needs what when. Some people may be different such as excessive hanging out with friends, spending more money than necessary to travel around. Employees receive their salary in the first week of the month and buy their necessities for the next few weeks at once. So it does not mean that he is spending extra money. Basically they gather their needs in advance. As you have an idea about the business, you will realize that the sales in the first two weeks of the month have a greater impact on the business than the last two weeks of the month. I think income expenditure account is personal. Investing and saving for my or your future is a personal decision.

[btc78]

well obviously since you technically have more money you’re gonna buy more

let’s say i earned $100 on the 15th of the month,
by the end of the month I probably have consumed half or maybe a little more than half of what i earned
so now i need to control myself on my spendings by the first 2 weeks of the next month i have almost nothing
to spend on extra things so by the time 15th comes i’ll think that whatever i wanted to buy the last time, i’m gonna buy it now because i have the money now

this might be the logic behind the sales that happens in stores they tend to create a sale on the day they know most workers have just gotten their pay