Slow or fast?

[Bitcoin Smith]

Slow or fast, is there even a difference? You will get to spend the money either way. Just buy what you want as long as it's your money and nobody else makes sure you can afford it, so you won't regret it.

He is talking about delayed gratification? I am not sure though
The only purpose of the money is to spend it for our needs and just spending it fast or slow doesn't make a difference unless we are talking about huge difference between cash inflow and we use years later. In the meanwhile we can use the money to make more or keep it that inflation eats away the value so it all depends on how they handle it with the appropriate knowledge not just fast or slow.

[Alphakilo]

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.

Somtimes spending money fast might look like lack of discipline and planning while spending it slowly shows that you're disciplined. But the truth is that there is no particular pattern for spending money.

Sometimes, it's the situation at hand that determines how you spend your money and if you spend on something that adds value to yourself, like investing in businesses and other things that will benefit you, this way you are not loosing if you spend it fast because it was spent on a valuable thing that matters but if you only spend the money on pleasurable things that are just temporal then it is not adding value to you.

[Mate2237]

What is most important when it comes to spending money is what you are putting your money into because what most people don't know is that money is not ment to be kept in one place or spent slowing but you put it into something that will grow that money so it doesn't matter how fast you spend your money but what you are doing with your money.



I don't see the need for any one to be holding your money and spending it slowly because eventually it will finish so spend your money fast by putting it into an investment or set up a business that will be helpful to you

[Dunamisx]

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?

Issue of spending money fast or slow could be somehow confusing, because you can choose to actually spend the money fast just to take advantage in opportunity cost, which I don't see as a bad thing to do, while on the other aspect, spending money could mean another thing entirely, because some spend so fast and wasted everything on unnecessary spending, to spend slow, depends, but at the end, we will still spend it all, but what count is on what we spent it on.

[lionheart78]

Slow or fast, is there even a difference? You will get to spend the money either way. Just buy what you want as long as it's your money and nobody else makes sure you can afford it, so you won't regret it.

He is talking about delayed gratification? I am not sure though
The only purpose of the money is to spend it for our needs and just spending it fast or slow doesn't make a difference unless we are talking about huge difference between cash inflow and we use years later.

Are you not missing something here?  Yes, one of money's purpose is to spend it for our need but I think we are missing the thing that money can give to a person.  There are option where spending money will give us more money like spending money for investment.  Thus, money cannot be spent only for our needs alone but also for replenishing and eventually growing our money so that we can have an infinite capability to spend money.

In the meanwhile we can use the money to make more or keep it that inflation eats away the value so it all depends on how they handle it with the appropriate knowledge not just fast or slow.

This conflicts with your first statement, but I highly agree on this one. Yes, we have the option to make money from spending money, but most people overlook this and think that money is for spending to meet their desired thing and only few thinks that money attracts money.  

[Floxynice]

Be wise in your spending and do not also be stingy to yourself.  Budgeting is the only thing that can solve this problem of fast and slow spending.

As an individual, if you notice how fast you spend your money, it should be a reason why you need to draft a weekly or monthly budget that will put your income into consideration so you can at least have some little savings from your income.

It is also not wise that you will starve yourself just to make sure you lose your income slowly. If you earn money, you should be able to take good care of yourself from your income. An adjustable budget solves all this problem for you.

[Bitcoin Smith]

Slow or fast, is there even a difference? You will get to spend the money either way. Just buy what you want as long as it's your money and nobody else makes sure you can afford it, so you won't regret it.

He is talking about delayed gratification? I am not sure though
The only purpose of the money is to spend it for our needs and just spending it fast or slow doesn't make a difference unless we are talking about huge difference between cash inflow and we use years later.

Are you not missing something here?  Yes, one of money's purpose is to spend it for our need but I think we are missing the thing that money can give to a person.  There are option where spending money will give us more money like spending money for investment.  Thus, money cannot be spent only for our needs alone but also for replenishing and eventually growing our money so that we can have an infinite capability to spend money.

In the meanwhile we can use the money to make more or keep it that inflation eats away the value so it all depends on how they handle it with the appropriate knowledge not just fast or slow.

This conflicts with your first statement, but I highly agree on this one. Yes, we have the option to make money from spending money, but most people overlook this and think that money is for spending to meet their desired thing and only few thinks that money attracts money.  

You are reading it completely wrong. I just said what you are trying to say and with two different way.

If I have $1000 and I have a choice like to spend it on an iPhone today or just buy Gold with it and just keep it for the next 20 years the value of the gold will be multiplied in the mean time but if someone just kept $1000 as in their bank and in the next 20 year it will lose it's value and they can't even buy an iPhone so better they should buy it now rather than waiting for 20 years because it doesn't make sense if their idea is to keep the money in the bank account.

[SOKO-DEKE]

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?

It's a good point you raise. It doesn't matter how long it takes a person to spend the money, but whether he or she spends it in the right way. There are many people who like saving just to gather a reasonable amount of money, but after managing to save it, they still don't spend it on necessary things.i would say that it's always better to spend money quickly and use it for someone's needs, rather than keeping it and, in the end, having someone else spend it on things that don't really matter. In fact, spending money too slowly can lead some people to use it in ways they later regret.i remember when I was in college, I had a friend whose parents used to send him money. Instead of rushing to buy food and other necessary items, he preferred to spend it slowly because he didn't want the money to run out. But in the end, he always regretted it, because he could hardly point to anything meaningful he had used the money for.

[alegotardo]

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?

Good!!!
The interesting point that makes me think isnot exactly how long you take to spend an certain amount, but rather what you're spending it on. Sometimes something spent quickly may even see as impulsived, but if its spent on some thing valuable like an investment, knowledge, health or even a transformative experience (a well-planned trip, for example), you cant say it was a bad expense, right?

And similarly, even if you can spend money slowly, it may even seem like you're doing it on a controlled manner, but if in the end we only spend it on unimportant things... it won't have been worth it.

You are going to spend anyway, so choose wisely, whether its fast or slow... I just think that anything spent on health, spiritual learning, intellectual learning or well planned trips... is an investment in quality of life, and its also an accumulation of wealth!

[edroi]

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 real difference isn’t about fast or slow it’s about purpose... if you spend fast but on things that build you up or make life easier it can still be smart.. if you spend slow but only to waste it later it’s no better.. money is like energy.. you can burn it quick or save it up but what really matters is what you turn it into

[fullfitlarry]

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?

Is there such a distinction though? And it could be that this person has a lot of money to spend with in the first place that's why he doesn't concern whether he spend it fast or not. As for those who mike spend it slowly, the only reason I can see is that they could be working very hard to earn that money that's why they think many times before spending it.

Not everyone can lose money when spending it? What if you buy a useful item, for example a laptop that you used for many years for your business and it earn a lot of money throughout that years?

[Bitcoin_people]

Most people earn their living from the salary they get from their jobs and buy the things they need from that money. People spend their salary as soon as they get it because people's needs never end, they always need money. Even those who have a lot of wealth often say in the society that they are in a lot of financial crisis, and many poor people also always say the same thing, so we can say that financial crisis is never fulfilled by people who have as much as they need. Even if you spend the salary you get from your job properly, it will be finished, and if you are given double the salary, you will still spend it, so we can say that people have a need for money.

[michellee]

Money that you get will be used for many things in your lives sooner or later. Whether if that is worth its price or not but in this matter, you need to be wise to use the money. You can spend your money fast or slow so that will depend on you, on how you are going to use it.

No one will complain or protest about how you are going to use your money. You are responsible for your money. The difference is only the time and that will not be a matter. But if your money will be used for your daily needs, that is worth it because you can survive with the money.

If you don't want to spend your money on something that's not valuable, you can save it. But if you have urgent things, you will use the money fast.

[9ja Amaka]

Yeah you are right, it is not about spending your money slow or fast is about spending it on the right things however spending your money slowly can help you think out those important things you should spend your money on but the right thing is for you to think about the things you want to spend your money on before it comes but if it comes unexpected then the right thing to do is to spend it slowly so that you won't forget the most important things you need to spend the money on because if you spend it fast you may spend it on things that is not that necessary to you and it will turn out you will regret.
So whether you are spending your money slowly or fast it all depends on how the money comes if it comes expected then you can spend it fast or slow because you have already prepared what to spend it on but if it comes unexpected then you have to spend it slowly.

I can classify myself under the category of a fast spender and you know why. I make budget every week what I use my money for. Whenever the money comes it goes directly, into the things i budgeted. The things I want to purchase, food and electricity, savings and mecellinous. After settling all these things, anything left can be used to maintain until I get my next pay. For me, this is how things should be done, and the reason is because when you dont plan like this, you might end up holding the money and spending the money on the wrong things. It starts gradually, and then you noticed money meant to purchase something important to you have been touched.

[Pi-network314159]

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?

that's actually true though, weather fast or slow money must be spent, but it depends on how the money was spent. although sometimes we spend money on things that does not worth it, but it is just important. just like having illness that makes you spend a large sum of unexpected amount. anyway it worth it since it concerns human life. after all health is wealth. but there are still things we spent money on that doesn't worth it or that are not even valuable.

[ancafe]

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 money is easy, and you don't need to think about how, because even teenagers have the ability to spend money after they save. This is the basis for teaching children about good financial management so they can be selective in choosing and understand how to make their money more productive. In the context of spending money that's worth it, valuable, and important, which do you think should be prioritized? I have a perspective to explain.

Something that's worth it, valuable, and important doesn't always lead to productivity because it's about needs that must be met. However, it's much more accurate to talk about productivity because we will understand that every time we spend something, it's based on essential needs and according to a planned pattern.

[@nn@_pen9]

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?

Is it possible for someone to spend their income on useless things? Certainly not, right? The essence of financial management isn't just about how quickly or slowly we spend money, but rather about the quality of what we buy, or the value of those expenses. By properly managing the value and quality of our spending, we can ensure that every dollar spent is truly meaningful and not wasted.

[Futurexxx]

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 all see things differently, so as our problems are. I learnt how to spend my money from my dad, and the formula he uses is once his salary comes, he transfer like 60% of it to my mom, to stuck up the house with different types of foods that will be enough till his next paycheck arrives, and he will save like 20% or sometimes more, 5% for utility bill and other minor bills, then 5% for transportation, then the remaining 10% as discretionary income, and to be honest we will be ok till the next paycheck comes.

It's only emergencies that will make him to temper with his saving, so why I bring this illustration is that you spend according to when the next income is coming, not in a slow or fast manner that will alter your budget and put you in a difficult state financially.
That makes him not to even temper with the profit he makes daily from the investment he made in the transport industry.
So when I became an adult and start living by myself, that is the way I spend, I spend according to my budget, anything outside it is like shooting yourself on your foot financially.

[Roseline492]

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.

That is not what I feel spending fast and slow means, even if you might still spend all the money through the both ways but cannot justify that spending fast is the best because if a money is being giving to the person and they decided fastly spending through buying everything that comes to there way till they exhausted all is not a good fast spending but however for someone that takes it slowly based on lack of pressing need is the right way of spending because they would barely spend all the money before another would come which is an advantage for them concerning not to get dry of money.

[gunhell16]

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?

These days, we all know that the money we earn from our jobs is easy to spend, especially if we're family people whose priority is the needs of our loved ones,
on top of the monthly bills we have to pay.

It's like all our expenses are already budgeted even before payday. That's why it's easier to spend money than to work for days or weeks just to earn the money we want
for the things we want to have, you know what I mean.