Slow or fast?

[KiaKia]

Spending money fast with the hope that you will get another can be a sign of irresponsible, now don't come with the nonsense that some have big amount of money, a spoilt brat is a spoilt brat, even if you give them millions they will squander it.

Imagine you spend all your money now and something else came up the next day, you will have no choice than to borrow some money from friends to sustain yourself, it's best to always have some money aside, I choose the slow spending because it makes sense than fast spending.

It matters, please stop saying it doesn't matter like some comments on here are saying, if you are given 100 as pocket money for a month, are you saying it makes no difference if you spend it all in a week? You will be devastated in a week after, slow spending means you can manage the money for good for weeks.

[shield132]

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.

Life is very tough, especially if you don't have any heritage. I was thinking yesterday about the fact that with my income, I probably in the 5% of the local population, which means that among 100 people standing, I'm in the top 5 but even my salary isn't much and I can't stop thinking about how to increase my revenue. At the same time I think that life isn't very hard, there are many possibilities. You can't achieve success if you work for someone else but if you manage to break and create your own business, then life becomes much easier because you pay low salaries to your employees while you get all the profit. It's like, being a slave is bad but if you manage to become king, then having slaves is very good.

[Egii Nna]

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?

This is the reason many salary earners end up spending their monthly payments and dwell into debt before the next month, because they think the best way to spend money is to spend it slowly and cut their expenses. Not to buy necessary things or even valuable things, they will just keep spending it either on food or something else. This is different in the other class, as anytime they have money that they want to spend, they buy luxury with value. For instance, watches, jewelry and other valuables. This will make them look good and ahead of others in the room, and also, whenever they want to sell them, they will have their money back with a lot of profit.

[summonerrk]

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 I could understand you absolutely correctly, then I will say that money is spent in any case - quickly or slowly, if certain expenses exceed earnings for the month.
Now I will explain my idea: for example, someone can earn a lot (without knowing that he spends a lot), then he will put aside some money and think that he will be able to save it. But if this person does not keep track of expenses and income, then he does not know that in any case by the end of the month he will take this saved money, and will spend it anyway, so there is no point in thinking that he will be able to save it.

[rachael9385]

One way to spend your money quickly is on daily needs, like paying your bills and buying groceries for your home. Do you think this money was well spent? For me, it was; my basic needs are worth every penny. There are expenses that must be incurred immediately after receiving your salary payment.

I don't think saving money to spend later is a waste of money. For example, if an item or something I need is expensive and buying it isn't urgent, I prefer to save up and buy it outright. Paying in installments accrues interest, and in that case, I believe it's a waste of money.

It's well spent when you focus on buying the things that you need for survival but some people still buy too many things they can do without which turns out to be a waste of resources. Every item thats purchased must be something that you cannot do without, if something is not really that important and you buy it just because you have more then enough or for temporary satisfaction then it's a misuse of money

[Sanitough]

It just boils down to the fact that whether you spend your money fast or slow, that won’t be an issue, the real issue only occurs when you spend your money on useless things that won’t be able to provide you good returns in the future. This is why we need to be careful with our expenses and track them as much as possible so that we will know where is our money going.

However, this isn’t about how often you spend your hard-earned money, but where your money is being spent to because that would only tell if you have manage your finances well or not as it could be proven with its future outcome.

[Yeesha]

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?

You are absolutely right. Spending the money on valuable things that will be beneficial to your life is actually important. People are of different kinds in the world, the ones that will spend their money immediately they earn or have it, and the ones that will be spending it slowly, and the ones that will wish to keep it till eternity without spending it, but our current economics situation is not going to permit them for doing that, because you will definitely need one thing or the order from materialistic things. So the important thing to do is for you to think and figure out how or the best way to spend your money in an appropriate way, that will not land you in regrets. You can use the money to buy land and build an apartment for rent, or betters till set up a business or Invest in any other things that will be beneficial and profitable to you. From this will be able to earn more money and continue to buy more valuable things.

[Synchronice]

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?

The best way to escape that is to make a good investment and Bitcoin really nails it. You do not lose money slowly, you lose it very slowly, which means that at least a few years have to pass. If you check the charts of Bitcoin, you'll clearly see that it's the exact opposite, Bitcoin slowly grows in value and it's growth rate is much higher than the inflation of the money that you have in your pocket. So, if you want to save your money long-term, investing it into Bitcoin is the best idea. It's very stupid to spend your money quickly because you'll most likely buy things or services that you don't need and it's worse than an inflation.

[Josefjix]

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?

Whenever you spend money either slow or fast, it all depends on the scale of preference that had been written down on your notepad, these scales are the food, clothing and shelter that must be met before anything else, if you spend very fast on foodstuffs to be stock in your kitchen while nothing is left in your balance, that's a perfect spending, meaning, before another payday, you won't be hungry but stay fit, healthy and that's a pretty good decision.

[Rruchi man]

I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences.

An indication of financial discipline is not being in a hurry to spend money as quickly as it comes to you. The chances of you spending recklessly when you spend money very quickly is higher compared to being more calm or slow in spending which gives you enough time to be calculative and manage expenses better.

When you receive or earn a huge amount, taking some time off before expenses can be a good action. It gives you time to prioritize needs from wants.

[bitgolden]

I spend money so fast, it goes before it even arrives lol. I spend money with my credit card, before I get my salary, and then when my salary arrives, I spend that salary on paying back my card. Most of the time these past year or so, I haven't even be bale to pay all of my debt.

But I am sure in a few months everything will be better, I am expecting a big one time payment, and when that happens, I will pay of all my debt. Then the rest is all up to me, not sure what's going to happen with it. I still believe that spending fast is great when you live in a nation with high inflation, because if you do not buy it now, then later it becomes more expensive, so either you buy something quickly, or you just don't buy that.

[harapan]

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

I think all of this doesn't really matter whether you spend your money slow or fast, what really matter is the ability for you to spend your money wisely basically on things that matters most cause that not withstanding that money would be spent. And another thing is being able to discipline yourself financially cause most times you tend to spend the money on reasonable things but once the money comes it's been diverted to something else.

[junder]

It just boils down to the fact that whether you spend your money fast or slow, that won’t be an issue, the real issue only occurs when you spend your money on useless things that won’t be able to provide you good returns in the future. This is why we need to be careful with our expenses and track them as much as possible so that we will know where is our money going.

However, this isn’t about how often you spend your hard-earned money, but where your money is being spent to because that would only tell if you have manage your finances well or not as it could be proven with its future outcome.

That's the importance of money management in life. Nowadays, many young people are extravagant when it comes to finances. They tend to prioritize a luxurious lifestyle, but their actual financial situation is inadequate. Some of them take the risk of borrowing money just to satisfy their desire for style. Ultimately, because they don't have a stable income, they end up in debt.
A person might become aware by being able to control themselves when spending money. Personally, when I'm about to buy something, I sometimes count from one to one hundred, considering whether the item I'm about to buy is important or not. Because I don't want my money to be wasted in vain.

[Republikcoin.com]

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

I think all of this doesn't really matter whether you spend your money slow or fast, what really matter is the ability for you to spend your money wisely basically on things that matters most cause that not withstanding that money would be spent. And another thing is being able to discipline yourself financially cause most times you tend to spend the money on reasonable things but once the money comes it's been diverted to something else.

When it comes to money, what's more important than spending wisely is a higher income. Because when our income increases beyond our normal limits, we can naturally find wise ways to use our money ourselves through various methods, one of which is what you mentioned. Because when it comes to the speed or slowness of our desired growth, it still depends heavily on our level of hard work and intelligence in generating money using the knowledge we already possess. So, wise use of money must also be accompanied by a wiser income level so that growth in our lives can be faster and better.

[jems]

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

I think all of this doesn't really matter whether you spend your money slow or fast, what really matter is the ability for you to spend your money wisely basically on things that matters most cause that not withstanding that money would be spent. And another thing is being able to discipline yourself financially cause most times you tend to spend the money on reasonable things but once the money comes it's been diverted to something else.

When it comes to money, what's more important than spending wisely is a higher income. Because when our income increases beyond our normal limits, we can naturally find wise ways to use our money ourselves through various methods, one of which is what you mentioned. Because when it comes to the speed or slowness of our desired growth, it still depends heavily on our level of hard work and intelligence in generating money using the knowledge we already possess. So, wise use of money must also be accompanied by a wiser income level so that growth in our lives can be faster and better.

Financial control starts with the little things. It doesn't mean that even if our income isn't that large, we can't control our finances. I don't think so. In fact, when our income is low, we need to be diligent in managing our finances to maintain stability. Although what you say is certainly true, it can be a motivation for someone to earn more money so they can meet all their needs and desires and also make it easier to stabilize their finances.
And how quickly or slowly we spend money, of course, all depends on our needs, desires, and financial resources.

[Olatundespo]

Money you earn does not come to you as quickly as it is spent. Salary comes to you at the end of the week or at the end of the month. What you said about spending money quickly or spending less quickly is correct. This is the amount of money that we are thinking of spending less quickly and if we can use it for productive purposes, it will provide benefits in the medium term. Most people try to avoid unnecessary expenses because they try to keep up with their income. I may understand what you mean by your explanation. It turns out that after meeting the daily needs of the family and especially the basic needs you cannot buy anything valuable with the little amount of money that we have. I am saying this from my point of view. The example of rich people may be different because their income is high.

The most useful fact is that you earn money to spend it by buying valuable assets or less valuable assets. This is the revolving system of wealth. Wealth is never accumulated by one person, it is always changing.

[davis196]

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 you are living paycheck to paycheck spending money slow is essential for maintaining your financial stability and saving more money.
Fast spending signals financial irresponsibility and potential future financial problems(getting into credit card debt or borrowing money from all the "payday loan" companies).
I agree that it's more important HOW you spend your money, but fast spending(emotional purchases) more often leads to mistakes and wasting money for stuff you don't need. Women are more vulnerable to such problems, because they view shopping as some kind of fun activity, which brings dopamine boosts to their brains.

[Umulala-alala]

When money is not enough it will eventually finish fast some folks before they received any money the  money has finished already without them receiving it yet some is due to problem. Money should be spent one of things that will bring back money or generate money in time coming so no matter how we spend it be though fast or slow it will slowly be coming back so let's invest our money instead of using them on unnecessary things.

[Nahl]

In my opinion fast or slow it will depend on the amount of money we will gets because if people have big salaries usually they will spend money slowly that because those who have more money can managed their financial condition quite well and usually they didn't used all of their money to buy daily needs and save their money for investment or probably buy some bitcoin as future asset

But it's clearly different to the people will low salaries because usually the people like this will be very fast to spend money that because they only have ability to used their money to buy daily needs and cannot save the money for investment or buy necessary things because they have not enough money to do that but apart from that slow or fast there is no difference because eventually we will spending our money

[uneng]

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?

Yes, that is true. You can spend your money instantly, but in worthy things. For an example, when someone is beginning his business, he has to invest money on it to improve the service's quality, and as consequence to maximize his returns on long term. Therefore, he can spend his money immediately on it, because he knows it's going to be useful in order to raise his income from that moment on.

At same time, we must keep in mind it's necessary to keep an emergency fund in every cases, as we never know when we are going to need to pay an extraordinary bill.