Slow or fast?

[virasog]

I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences. Basically spending your money fast means when you get money, you end up losing it immediately to buy whatever it is you want. Spending your money slow means once you acquire your money, it takes time for you to spend it but at the end... you still spend it anyway. It made me realize that even if you save your money to spend it eventually, you are still somehow losing money. The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?

I don't think there is any logic that if you spend money fast you will get more money, the only exception is that if you spend money on others (to help them) then you may be rewarded with more money (by god) and it is a spiritual and religious belief in some religions. Other than that if you spend more money than you actually require to spend, you will end up becoming poorer more quickly.

It is important that you spend what is required to be spend and you're good to go. Helping friends and family is a good thing but spending extra on yourself is just wasting your hard-earned money.

[Cheema02]

I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences. Basically spending your money fast means when you get money, you end up losing it immediately to buy whatever it is you want. Spending your money slow means once you acquire your money, it takes time for you to spend it but at the end... you still spend it anyway. It made me realize that even if you save your money to spend it eventually, you are still somehow losing money. The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?

I think the formula of slow and fast spending money is not authentic. The spending of money should be clearly based on the needs and the demands because it is very easy to spend money fast because buying unnecessary things will end up in the face of end money and this is not good at any cost. If you spend money slow then maybe there will be your needs but you can't fulfill them in the scenario of spending money slow. In this case your money is worthless if you are not spending it on the time of need. the formula of spending money should be purely based on the need and the demand of the time. Because we earn money to spend it to make our lives better and more worthy of living but not for this to spend on slow and fast speed ignoring our basic needs.

[macson]

I don't think it matters whether it's fast or slow. What’s most important is setting priorities for how to spend the money we receive wisely and according to our needs.

Many people, when they receive their paycheck, immediately buy whatever they want instead of fulfilling their top priorities. This leads them into a repetitive cycle of consumption, where each month their salary is spent with nothing left to save or allocate to more important things. Ultimately, when they need to pay bills or face an emergency, they don’t have the funds and end up going into debt just to cover their responsibilities.

Setting priorities is important to avoid problems like this, because from this, a better financial condition can be formed and a person can be better prepared to face various situations, both those that have been planned and those that come suddenly.

[Miles2006]

Nowadays people no longer keep money for a long period of time, like op mentioned slow or fast doesn’t really matter rather where you spend your money determine your financial intelligence. If a person should wait for some time before spending their money probably they need time to plan their budget but, the surprising thing I observed about keeping money for a long time without investing sometimes they end up doing nothing valuable with the money. All what a person needs to know is spend wisely, this is obvious spending lavishly is a wrong idea but totally different from spending fast. People also mistake fast from lavish spending although is quite understandable especially in our society today when everyone is advised to spend carefully.

[zenaku]

Spending money quickly makes us make mistakes. Spending money slowly gives us more opportunity to understand our true immediate needs.
So I will always spend my money slowly, in case something unexpected happens, to have some savings.
I agree with many here: it doesn’t matter if it’s fast or slow, but rather about the need and whether it’s worth it.

[virasog]

Considering that out of the ~8 billion population of earth majority of them are living paycheck to paycheck (specially in this recession+inflation infested world), they kinda have to spend their money as fast as they receive it because they've already stretched their last paycheck as far as they could have.

There we have no control as when we get the paycheck we have to spend it on our liabilities that we need to fulfill. However it is the question specifically for those who earn more than their spendings.

In that case, one should not spend the money without any need or in other words waste the money. You never know what happens to your source of income in future so it's better to keep some extra money save and do not spend unnecessarily.

[DPHOR]

Spending is not actually the problems but the results which you get while spending it is what matters mostly, there are people who spends their money roughly and wrongly at the ends they still ends up having nothing and starts begging around, there are people who spent their money quickly but on a productive things and something really worth it and they got their results so quickly than those who spent their money on things that are not worth it. Yes, I understand that it is important to save money, while spending at least to foot out the emergency bills at hands than spending all entirely.

[Xcode7]

I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences. Basically spending your money fast means when you get money, you end up losing it immediately to buy whatever it is you want. Spending your money slow means once you acquire your money, it takes time for you to spend it but at the end... you still spend it anyway. It made me realize that even if you save your money to spend it eventually, you are still somehow losing money. The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?

We must first see where the money we spend is, if it is for basic needs for certain reasons I think there is nothing wrong but if it is spent on things that are not useful or just to fulfill personal desires I think that is a very wrong decision because in our lives desires will continue to arise after we realize the previous desires so that we will spend other money on things that are not important so the matter of slow or fast I think is not a problem but the problem is in the interests and also the right advice in managing our finances.

[Text]

I try to be a slow spender not just to delay spending but to give myself time to weigh the why. If I rush I usually end up regretting small impulse buys that don’t add much to my life. But when I take it slow even if the money eventually goes I feel better knowing it went to something I actually value whether that’s an experience, an investment or just a necessity. I like to think of it as trading it for the things that matter most to me.

[Findingnemo]

If you are going to spend it then it doesn't matter right?

Saving and investing take time which I mean like years so if you can wait for like 5 years to buy something then you are great and have the potential to reach better financial position but how many people can have such mindset in this fast paced world, they won't even go to shops or restaurants anymore they just order and get the product or service in minutes.

[Fortify]

I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences. Basically spending your money fast means when you get money, you end up losing it immediately to buy whatever it is you want. Spending your money slow means once you acquire your money, it takes time for you to spend it but at the end... you still spend it anyway. It made me realize that even if you save your money to spend it eventually, you are still somehow losing money. The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?

When people are young they are quite susceptible to getting caught up in peer pressure and advertising hype, it's why Apple can sell new phones to consumers every year for thousands of dollars. It usually takes people a few years of wisdom to realize what they truly find worthwhile in life. It's fine if you love cars and buy your favorite sports car brand new, as long as you get joy from that it is worth the price, but don't be unnecessarily materialistic. I've found the best things in life are experiences and travel which can really broaden your mind with a different kind of wealth. The best thing is to learn how to avoid being moved with the crowd, even though deep down you know you don't need half the crap being sold out there. Once you learn that and being careful with your money, it gets easy to generate more.

[batang_bitcoin]

I've grown older and many times I've spent to something unvaluable and just didn't have a value at all. I thought that it's fine but little expenses when it's added on top of the other, it becomes bigger. That's why I am no longer a usual spender and I make sure that I am putting my money best on the things that are important and, needed. We don't have unlimited money to spend for and we're working hard for the money we earn. And even with our assets and Bitcoin holdings, we need to be wiser if ever we start to think of something that we want to purchase soon.

[Cookdata]

I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences. Basically spending your money fast means when you get money, you end up losing it immediately to buy whatever it is you want. Spending your money slow means once you acquire your money, it takes time for you to spend it but at the end... you still spend it anyway. It made me realize that even if you save your money to spend it eventually, you are still somehow losing money. The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?

What matters is what you were able to solve with that amount of money that matters. The way money comes and goes from your pocket really depend on the type of problem you have. If the problem is the one that comes every week, then expect it to be spend every weekend and if it's the one that is going to be spend daily, expect to spend that money every day, you don't have any way around it unless you decide to skip and not spend the money again.

This doesn't matter, spending isn't what we should be discussing. It's now we generate money we should be discussin, it's the only place where money time matters. If you are earing that very fast, yoynare expected to make more money than another person that earn weekly. Another thing we can also consider is the amount that you are making, this can also be consider in spending, the amount is very important, some people can make what another person can make in a month in less than a week, this is how good some people are financially.

[Abdulzuruku01]

I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences. Basically spending your money fast means when you get money, you end up losing it immediately to buy whatever it is you want. Spending your money slow means once you acquire your money, it takes time for you to spend it but at the end... you still spend it anyway. It made me realize that even if you save your money to spend it eventually, you are still somehow losing money. The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?

Spending slow or fast depends on the money I have. If I have enough, I won't mind spending it quickly, knowing I'll still have more left. However, if I only have a little, I'll need to plan carefully and spend it slowly, unless an emergency arises, because it's only emergencies that can make me spend my money fast. I know there are things I might need to get quickly, but I don't think they're so important that I'd have to spend everything fast. Life can be tough without money, but I'd rather budget wisely.
For me, slow spending makes more sense, especially when you're on a tight budget. Fast spending can be risky if you don't have enough money set aside, because it can limit your ability to save and achieve long-term financial goals.

[Jatiluhung]

I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences. Basically spending your money fast means when you get money, you end up losing it immediately to buy whatever it is you want. Spending your money slow means once you acquire your money, it takes time for you to spend it but at the end... you still spend it anyway. It made me realize that even if you save your money to spend it eventually, you are still somehow losing money. The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?

If money is spent on knowledge that can help us earn more money in the future, then that's worthwhile and even a better option. But spending money solely on temporary pleasures is something that should be avoided.

So, the issue isn't whether we spend money quickly or slowly. The issue is what we spend it on. I could be misunderstanding this topic. But the bottom line is that I don't mind spending money quickly if it's an investment for the future, whether in the form of knowledge or something else. This means using money to generate more money in the future is the best option.

[Samlucky O]

I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences. Basically spending your money fast means when you get money, you end up losing it immediately to buy whatever it is you want. Spending your money slow means once you acquire your money, it takes time for you to spend it but at the end... you still spend it anyway. It made me realize that even if you save your money to spend it eventually, you are still somehow losing money. The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?

Well according to the topic "slow or fast" Which entails about how we spend our money. Surely spending money is either slow or fast, slow spending is just simply spending wisely and responsibly but in most cases a person may still spend slow and may still be an inresponsible spending. And in other hands a person who spent fast may appear to be an extravagant and irresponsible spender but could as well be a responsible spender but the money was only spent fast for a reasonable thing. So we can't be sure weather each of the spending pattern are being reckless or not.

[EarnOnVictor]

-snip-
You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?

I like the way you ended the post with these questions, but first, let me correct you; it is not all the money you spent that is lost, let that be clear.

Now, whether you spent it on frivolities or on something worth it, you have spent it, and it can be spent slowly or very fast, regardless, it all depends on the value you spent it on.

I can only advise people to be accountable when spending. Don't waste resources. And this spending of a thing depends on the way you earn too, your financial status. If you earn well, you might spend and not feel, but if do not earn well, whether you spend it fast or slow, you will feel it.

[Justbillywitt]

The essence why we make money is to spend it on things that we need as humans to keep our lives moving. Since our needs are different so it's our spending patterns going to be different. What you see as unnecessary might be a necessity for someone else. So when people talk about spending unnecessary I don't pay much attention towards it. I also believe how fast and how slow we spend our money totally depends on how much we earn, how much reserves we have, and how frequently our money comes. For someone who earns money monthly, he won't spend as fast as someone who earns money weekly or daily. Someone who earns daily will spend his money faster than someone who earns weekly.

[ejikeme24]

I would say that it depends, because there are some people that has big responsibility this set of people easily spend thier money in trying to take care of thier responsibilities as the load is not always that easy for them to Carry. but thier are some people that does not have much responsibilities to take care of this set of people don't spend so easily since their responsibility is not that big compared to other people but in some cases those that doesn't have much responsibility spend faster than those with bigger responsibilities sometimes this could be as a result of not being economical or lack of management, there are some certain things that they need to overlook and still focus on the major ones yet they will still want to pay attention to it, and before they will realize what they're doing by then they must have exhaust thier money.

[MainIbem]

The essence why we make money is to spend it on things that we need as humans to keep our lives moving. Since our needs are different so it's our spending patterns going to be different. What you see as unnecessary might be a necessity for someone else. So when people talk about spending unnecessary I don't pay much attention towards it. I also believe how fast and how slow we spend our money totally depends on how much we earn, how much reserves we have, and how frequently our money comes. For someone who earns money monthly, he won't spend as fast as someone who earns money weekly or daily. Someone who earns daily will spend his money faster than someone who earns weekly.

Yeah everyone's spending pattern can't be same since we all have different needs and that's normal however in as much as we have different needs our spending should be on things that are worth it. Sometimes, meaningful things that could fetch more money on the long run. Anyways, cause someone see something as necessary doesn't mean it is, for instance some people spend recklessly to satisfy their addiction maybe gambling, to them it's very necessary cause they seriously need to satisfy the urge of gambling but in the right sense they're not supposes to spend recklessly while gambling.