this makes a huge impact on the economy.

[itorai]

(Cut a little)
 but keep enough cash for savings/emergencies.

It's true what you said. We should set aside money for savings for emergencies for financial stability. The importance of budget management and savings is so important to face financial challenges.
Note: Prioritize saving to anticipate emergencies (unwanted things).

[1714968934]

1714968934

[$anounimus$]

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.

The truth is that this is just the character of every salary earners how they live their life, as it is getting close to when they will recieve their allowance they have already budgeted what they will spend their money on for the month.  Most salary earners have only one source of income and it is expected for them to depend on their salary for what they really want. From the look of the economy right now that things are very expensive you can't expect salary earners not to temper with their salary just because to save money.  People still need money to get themselves the things they really need.

Yes maybe it's just character and of course not everyone does the same thing. It's not easy if your salary is paid monthly and only from one source of income. In this position, financial management is of course very necessary so that finances remain stable and sufficient until the next month.

But maybe it would be different if salaries were paid weekly, perhaps our assumptions about people who get monthly salaries and look more wasteful when they get a salary will no longer happen significantly. In my opinion, an employee will be more relaxed if his salary is paid weekly so that it will be easier for him to manage his financial flows.

[Silberman]

In my opinion, spending more on payday doesn't necessarily mean they're not spending wisely. If someone takes a salary and saves from it, while also saving an emergency fund and other important funds, they can still spend some money on things they want or need.

For example, a person might save 50% of their income, while the remaining 50% is used for living expenses, such as housing, food, and transportation. Once they have met their necessary living expenses, they can spend the remaining money on things they want, such as clothing, entertainment, or travel.

Spending money on things they want can help them feel more satisfied and happier. So spend wisely. They should avoid spending too much on unnecessary things, and they should set limits for themselves.

While it is fine to spend some money on the things that we want, in my experience many people take this to the extreme and spend every single dollar they make on what they want, not understanding that whatever money being saved for their future on their pensions is not going to be anywhere near enough to maintain their current lifestyle, so they either learn to lower their expenses now or they may suffer the consequences once they do not have the strength and health to work anymore.

[topbitcoin]

It is not surprising that most people shop in large quantities after they get paid at the beginning of the month. It happens, because they have to shop to fulfill their basic needs for the next month. And that is quite wise to do, and quite common too. They are just trying to avoid that they will starve in the middle of the month or at the end of the month. And they are trying to work out how the wages they get now can guarantee their lives until they get wages in the next month.

What is not allowed is that, after they get their wages at the beginning of the month. They instead go shopping to fulfill what they want such as the latest smpraphone, expensive clothes and go to famous eating places for the sake of prestige, while in the middle of the month they have to take out loans to survive.

[Furious 7]

In my opinion, spending more on payday doesn't necessarily mean they're not spending wisely. If someone takes a salary and saves from it, while also saving an emergency fund and other important funds, they can still spend some money on things they want or need.

For example, a person might save 50% of their income, while the remaining 50% is used for living expenses, such as housing, food, and transportation. Once they have met their necessary living expenses, they can spend the remaining money on things they want, such as clothing, entertainment, or travel.

Spending money on things they want can help them feel more satisfied and happier. So spend wisely. They should avoid spending too much on unnecessary things, and they should set limits for themselves.

While it is fine to spend some money on the things that we want, in my experience many people take this to the extreme and spend every single dollar they make on what they want, not understanding that whatever money being saved for their future on their pensions is not going to be anywhere near enough to maintain their current lifestyle, so they either learn to lower their expenses now or they may suffer the consequences once they do not have the strength and health to work anymore.

We have to be able to distinguish whether the money we spend on the things we want is just for self-reward or whether we are just trying to be hedonistic.

When indeed we use it only as a self reward then indeed it will not be a problem as long as we don't do things like this too often and don't feel too much that we have a lot of money we can do everything because in the end when such hedonistic nature is in us it is we who will get into trouble.
The money we have if we are not good at managing it then it will run out but if in the end when we are aware of good money management even if we buy the things we want we can still control ourselves that we should not be hedonic just because we have a lot of money because it can just run out when we can't control it.

[letteredhub]

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

People that are salary eaeners will spend more immediately after they collect their salary. Many of them will have many things to buy in mind but not having money or because they are savings and not want to spend from it will let them wait for the next salary and if they collect the next salary they will spend more. But that does not mean they are not still spending wisely. If anyone collect salary and save from it and also have emergency fund and other important funds saved, that does not mean the person should not go for his needs after collecting another salary but also saving wisely. Although some people spending unwisely.

Salary earners are known for not earning enough monthly salary that can cater for their personal needs and family at large. It's not easy to be a salary earner especially at this hard economic time that prices of commodities keeps soaring up while the money value dwindle continually. I have many salary earners around me in my extended family, I understand they are always in debt as it gets to the middle of the month waiting to clear it after they have been paid salary at the end of the month. They take items on credit from business shop owners with the promise to pay when they receive salary and this is why they don't have enough left to use for investment after all debts has been paid and new items on demands for the new month.

[Smartvirus]

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.

It’s nothing out of the ordinary that people tend to spend more money when they’ve got more or were just recently paid, especially within a family.
One thing I can’t say for sure is, either it is them buying what they need or just spending money on what they don’t need. I think most times, people who fall within this category of living on wages/salary from a job, they hardly spend more money on what they don’t need because, they are conscious on how much time it would take them to have that bank refilled once exhaust.
Other times, you might just find people taking loans to satisfy their excesses and are often left with nothing when the pay comes.
It’s truly a living the rat race but, I don’t think it’s often about what isn’t needed. Very few would spend money this way.

[Juse14]

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

People that are salary eaeners will spend more immediately after they collect their salary. Many of them will have many things to buy in mind but not having money or because they are savings and not want to spend from it will let them wait for the next salary and if they collect the next salary they will spend more. But that does not mean they are not still spending wisely. If anyone collect salary and save from it and also have emergency fund and other important funds saved, that does not mean the person should not go for his needs after collecting another salary but also saving wisely. Although some people spending unwisely.

Salary earners are known for not earning enough monthly salary that can cater for their personal needs and family at large. It's not easy to be a salary earner especially at this hard economic time that prices of commodities keeps soaring up while the money value dwindle continually. I have many salary earners around me in my extended family, I understand they are always in debt as it gets to the middle of the month waiting to clear it after they have been paid salary at the end of the month. They take items on credit from business shop owners with the promise to pay when they receive salary and this is why they don't have enough left to use for investment after all debts has been paid and new items on demands for the new month.

Having investments and savings is of course a hope for everyone. However, if you look at the current conditions, having investment and savings is very difficult in the midst of an economy that is not improving. For those from the middle to lower classes, being able to have a job and earn a salary every month is already very grateful, because by having a job their daily needs will be met. And speaking of, most people shop at the beginning of the month, or when they have received their salary. They do this to prevent the money from being used for other things that are less useful. So for the first time after they received their wages, they had to go to the grocery store to buy rice and other basic necessities as supplies for their lives for the next few days until they received their salaries again.

[Razmirraz]

People who receive a salary once a month will spend their money on basic necessities, maybe they buy all the basic necessities once for a month. If they spend money on something that is not included in the category of needs, it will have an impact on their economic condition, unless their income is much greater than their expenses.
There are many things to think about every month, such as paying electricity bills, water and other installments, but basic needs must take priority. It's natural for them to buy more basic necessities at the grocery store so they have stock at home. Their busy schedule at work means they have limited time to go repeatedly to the grocery store.

[Pakar11220]

it depend on person. Mostly salaries persons are waiting for the salary receiving day and they are getting their all needed things on one day as they have to manage time and money both. As salary person has own time table and limits in which he use his money. From that limit salery person fulfilling his needs and also trying to save some money for emergency also. So those who are getting extra money like businessman or those who are getting rental money from their properties are trying to buying some extra as they have no limits.

[HONDACD125]

it depend on person. Mostly salaries persons are waiting for the salary receiving day and they are getting their all needed things on one day as they have to manage time and money both. As salary person has own time table and limits in which he use his money. From that limit salery person fulfilling his needs and also trying to save some money for emergency also. So those who are getting extra money like businessman or those who are getting rental money from their properties are trying to buying some extra as they have no limits.

I have often seen people who spend more than they need after getting their salary, because it is the nature of some people to spend lavishly, because they have more money in their pocket. In the early days of the month, they cannot control themselves after receiving the salary, but when the salary is reduced to half, they feel self-control.

Then they often try to control themselves even in the household necessities. Therefore, if such people realize this during the salary days, then there will be no difficulties for them in the last days of the month. However, having more money in the pocket does not mean that we start spending without thinking. Whether a salaried employee or an entrepreneur , everyone should spend within their budget. However, whoever has uncountable money, he can spend unaccountably.

[boty]

People who receive a salary once a month will spend their money on basic necessities, maybe they buy all the basic necessities once for a month. If they spend money on something that is not included in the category of needs, it will have an impact on their economic condition, unless their income is much greater than their expenses.
There are many things to think about every month, such as paying electricity bills, water and other installments, but basic needs must take priority. It's natural for them to buy more basic necessities at the grocery store so they have stock at home. Their busy schedule at work means they have limited time to go repeatedly to the grocery store.

In my opinion, no matter how much someone earns, if they don't manage their expenses well, they will certainly not have enough for their needs so they will have to take out loans to cover the shortfall in what they need, so it is important for everyone to have a record of their expenses so they can see whether they are have been able to use the income they have properly or not and if not then it is necessary to improve it.
Shopping for basic necessities at the grocery store can reduce the expenses we have a little and we can also buy them for a month's needs and this will save us time to buy the necessities we need every day.

[justdimin]

We shouldn't look for a luck to survive and for current harsh economic condition of the world we should find multiple ways to earn money. Lucky for us to know about crypto because we already have an idea on where to earn extra income here. We need to work hard nowadays since if we just rely on single source of income for sure we will be in trouble if bad faith came and that main income stream you have stops. That's why its important for us to think about for many ways on how to have multiple cash flow so that our family can live a comfortable life.

Current economic state on each country becoming more worst that's why we need to adopt on changes since if we are so lazy and will not step out on our comfort zone for sure in future we will be in trouble with that.

That is definitely the most important thing and yet in most cases requires some capital. There is an old saying that goes "do not ask me how I made my first million, and I will explain how I made then ext 100" meaning if you could get the capital to start that, then you are going to be able to make it even bigger eventually, but that requires you to be careful about it on the long run, it is not going to be that easy. I feel like we are going to end up with something that will be quite difficult to handle, and I believe that we are not going to end up with any trouble at all.

I think we just need to figure out that first one, that's hardest, just grind as hard as you can, save as much as you can and you are going to end up with something much better eventually, after that, all you gotta do is keep growing with whatever you have, use what you have to have more and that means you will get richer and richer, it is only that first step that will be the hardest.

[letteredhub]

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

People that are salary eaeners will spend more immediately after they collect their salary. Many of them will have many things to buy in mind but not having money or because they are savings and not want to spend from it will let them wait for the next salary and if they collect the next salary they will spend more. But that does not mean they are not still spending wisely. If anyone collect salary and save from it and also have emergency fund and other important funds saved, that does not mean the person should not go for his needs after collecting another salary but also saving wisely. Although some people spending unwisely.

Salary earners are known for not earning enough monthly salary that can cater for their personal needs and family at large. It's not easy to be a salary earner especially at this hard economic time that prices of commodities keeps soaring up while the money value dwindle continually. I have many salary earners around me in my extended family, I understand they are always in debt as it gets to the middle of the month waiting to clear it after they have been paid salary at the end of the month. They take items on credit from business shop owners with the promise to pay when they receive salary and this is why they don't have enough left to use for investment after all debts has been paid and new items on demands for the new month.

Having investments and savings is of course a hope for everyone. However, if you look at the current conditions, having investment and savings is very difficult in the midst of an economy that is not improving. For those from the middle to lower classes, being able to have a job and earn a salary every month is already very grateful, because by having a job their daily needs will be met. And speaking of, most people shop at the beginning of the month, or when they have received their salary. They do this to prevent the money from being used for other things that are less useful. So for the first time after they received their wages, they had to go to the grocery store to buy rice and other basic necessities as supplies for their lives for the next few days until they received their salaries again.

salary earners life are just in repeated circles as 95% of their salary is swallowed up by foodstuffs and other household needs due to how not enough the salaries these are in a shaking economy that's hitting hard on life. For a salary to have a small cash left for investment after all he has to be thoroughly economical with his salary which means you've got to be cost effective and cut unnecessary spending particularly those that can be foregone, only with such frugality can a low salary earner have something left in salary to invest at least a 5% of his monthly salary.

[Aanuoluwatofunmi]

(Cut a little)
 but keep enough cash for savings/emergencies.

It's true what you said. We should set aside money for savings for emergencies for financial stability. The importance of budget management and savings is so important to face financial challenges.
Note: Prioritize saving to anticipate emergencies (unwanted things).

That's why theirs always a miscellaneous budget on every account plan and we must include this for incase of emergencies, but we must not because of this now engage too much budget plans that, it's a little portion that has to be included in case of deficit or unforseen circumstances, all these couldn't have been possible if we have not been making savings to have enough to use in terms of needs.

[xSkylarx]

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?

Doing a grocery by the first week of the month after receiving the salary is a need and I am also doing it but the stuff that we buy should be not our wants instead only our needs like healthy foods. We do it mostly every month but this month we aren't able to do so because of financial difficulties and I realize that we spent too much on groceries even though I would say that it is our "need" as it is all food but when you check it we have bought lots of junk food so we should consider what we buy and only those we need and are healthy.

[Fredomago]

In my opinion, spending more on payday doesn't necessarily mean they're not spending wisely. If someone takes a salary and saves from it, while also saving an emergency fund and other important funds, they can still spend some money on things they want or need.

For example, a person might save 50% of their income, while the remaining 50% is used for living expenses, such as housing, food, and transportation. Once they have met their necessary living expenses, they can spend the remaining money on things they want, such as clothing, entertainment, or travel.

Spending money on things they want can help them feel more satisfied and happier. So spend wisely. They should avoid spending too much on unnecessary things, and they should set limits for themselves.

While it is fine to spend some money on the things that we want, in my experience many people take this to the extreme and spend every single dollar they make on what they want, not understanding that whatever money being saved for their future on their pensions is not going to be anywhere near enough to maintain their current lifestyle, so they either learn to lower their expenses now or they may suffer the consequences once they do not have the strength and health to work anymore.

Correct,  saving as early as now by limiting expenses may help  the person when the time comes,  when retirement is on your way with good amount of savings or better having an investment to help you with your finances will let you live with a much comfortable life, save and limit your expenses as long as you meet your needs cutting some of those not so important things will be converted to a good amount of save money right?

More on your own take and interpretation on how you will develop investment or saving strategies for the betterment of your future.

[ivankoh]

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?

That is the actual need of workers. Therefore, business/merchandising activities rely on this behavior and need to stimulate product and food sales programs... on payday or vacation days. Personally, before receiving my salary, I often refer to some things that suit my needs in life or are useful in my work. And when I get paid, I will also buy it. My friends, colleagues, and relatives also have this tendency. I think it's normal. Some people may not be able to control their hobbies and spend/shopping excessively, making life difficult.

[bettercrypto]

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?

That's the difference between the mindset of a business-minded person and the mindset of an employee. Their difference is so great; you can also see how the two value money. the size of the gap, right? Whoever is not rich is the one who is more luxurious than the real rich, but I don't care.

As for me, when I was an employee, I didn't have the experience to buy the things I wanted because everything just went to my bills and expenses for a month. I am very thankful discovered this cryptocurrency.

[Rabata]

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

Usually when people get paid from a job, they spend their money on buying some basic necessities as soon as possible. Because those who have a fixed salary have to run the entire month with that limited amount. If they do not spend all those expenses for some reason, then the money may end up in some other work which will continue even if they do not do it. So those who try to be very careful with their income get busy buying the merchandise they need as soon as they get paid. I don't want to see it differently. When a person monthly spends the money that he has left after he spends, he can keep it for any sudden need like medical treatment. I think such spending will have no effect unless he buys something unnecessary.