Slow or fast?

[slapper]

I also thought the same way: spend the money quickly or slowly, at the end it will be gone anyway. But gradually I came to see that it is not the speed. I used to spend a good laptop fast on work, and it rewarded me ten times as it made me faster and led to new possibilities. Conversely, I have saved months of money to purchase something that is in fashion and after two weeks it was gathering dust. It did not matter whether it was fast or slow, the effect did

I attempt to self-assess with a single question: Does this spending ease my life, make it healthier or more competent in 6 months? If yes, I do not delay. If no, I slow down or skip

Inflation is something we should not forget. Keeping money in the form of cash means that it is literally losing value every year. Therefore, a blind saving is not much different than blind spending

[Questat]

I think that’s the purpose of money, if not to save, then you’ll be spending it for sure. However, that won’t matter whether you’re going to spend and lose your money today, tomorrow or in the future. What really matters is that if you are spending your money wisely, like when you spend it as an investment tool that would definitely give you good returns hopefully in the future, or when you spend it like a one day millionaire and just spend it all into unnecessary items that are just a waste of money since it’s actually no real use in real life.

[coupable]

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.

This is a capitalism mentality that is relied on creating more unnecessary needs through developped marketing mechanisms that encourage consumers to consume more and strengh the idea of that tge self identity and the social value of anybody depends on how much he consume and what he is able to buy. This phenomenon is produced by an economic system aimed at maximizing profits through increased sales, leading to an endless cycle of consumption and disposal of goods in favor of newer models.

[Razmirraz]

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?

Life isn't always as smooth as expected, as the wheel of life keeps turning. There are times when you spend some of your income on personal needs and save the rest for future needs. While this is certainly a desirable situation for most people, there are times when your savings can be wiped out in an instant due to an urgent need. Here, a policy is needed in managing financial management, the point is not how much money can be spent quickly, but the expenditure must also be on target.
Careless spending habits can lead to financial problems in the future, it is necessary to organize finances with proper placement, such as primary needs, unexpected expenses and savings to make it easier to access when you need money suddenly.

[Cityhunter34]

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 an interesting thought but it's a simple theory, it doesn't matter if you spend your money fast or slow it's going to end the same way. No amount of money is inexhaustible, so you can either facilitate the process or slow it down. The most important thing is not whether you spend fast or slow it's putting those monies into something that would continuously provide more for you in the future

You are absolutely right that's the real truth about it because money is made for spending so in which ever way you spend your money what matters is putting them into something that would going to put food in your table in the future. However, spending fast or slow should not be the problem because this is something that we can never overcome since everything in this life involves money so is worth spending at all the time, as long as you still alive.

[kotajikikox]

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.

We all have the same basic needs. Food, water and shelter. Those are the basic needs of a human but our spending habits differ because of the difference in capabilities. A poor person will never think that he/she needs 10 different shoes but a rich person will think that he/she needs a new pair of shoes despite having 10 other ones.

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.

If it’s not a life or death situation, it’s not supposed to be considered a necessity for me. There’s only a few things a human needs to survive and the rest are just luxuries.

[MainIbem]

We all have the same basic needs. Food, water and shelter. Those are the basic needs of a human but our spending habits differ because of the difference in capabilities. A poor person will never think that he/she needs 10 different shoes but a rich person will think that he/she needs a new pair of shoes despite having 10 other ones.

Exactly, our basic needs are same but spending power would definitely differ due to our different responsibilities, some are married and have families to catter for while some are still single without much to spend on, regardless spending wisely is what matters most, sometimes you'll see someone with much  responsibilities doing better than one with less what different such folks is the ability to manage properly and also invest for the future. Also, our wants should be according to how capable with are financially we should focus on spending on the necessities and learn to invest for future purpose.

[GIF-JOBS]

We all have the same basic needs. Food, water and shelter. Those are the basic needs of a human but our spending habits differ because of the difference in capabilities. A poor person will never think that he/she needs 10 different shoes but a rich person will think that he/she needs a new pair of shoes despite having 10 other ones.

Exactly, our basic needs are same but spending power would definitely differ due to our different responsibilities, some are married and have families to catter for while some are still single without much to spend on, regardless spending wisely is what matters most, sometimes you'll see someone with much  responsibilities doing better than one with less what different such folks is the ability to manage properly and also invest for the future. Also, our wants should be according to how capable with are financially we should focus on spending on the necessities and learn to invest for future purpose.

But everyone should spend money responsibly and intelligently. Married or single is not an issue here, the main thing here is the mentality, yes it is true that ultimately a married man must have a lot of responsibilities and he must earn money to run his family, but I think the difference is not only on the amount of responsibility, but how wisely one is managing money is the real issue. To achieve success in life, the sooner a person understands the real value of money, only then he can achieve better success. One should think about the future, there is no such thing as thinking about the future only after marriage, rather I think that a person who understands the basics of money from the age of 20 or earlier and gets educated for his better future, tries to earn money, avoids unnecessary expenses, and develops an investment mindset, they will definitely achieve good success in the future.

[Unknown Op]

We all have the same basic needs. Food, water and shelter. Those are the basic needs of a human but our spending habits differ because of the difference in capabilities. A poor person will never think that he/she needs 10 different shoes but a rich person will think that he/she needs a new pair of shoes despite having 10 other ones.

Exactly, our basic needs are same but spending power would definitely differ due to our different responsibilities, some are married and have families to catter for while some are still single without much to spend on, regardless spending wisely is what matters most, sometimes you'll see someone with much  responsibilities doing better than one with less what different such folks is the ability to manage properly and also invest for the future. Also, our wants should be according to how capable with are financially we should focus on spending on the necessities and learn to invest for future purpose.

But everyone should spend money responsibly and intelligently. Married or single is not an issue here, the main thing here is the mentality, yes it is true that ultimately a married man must have a lot of responsibilities and he must earn money to run his family, but I think the difference is not only on the amount of responsibility, but how wisely one is managing money is the real issue. To achieve success in life, the sooner a person understands the real value of money, only then he can achieve better success. One should think about the future, there is no such thing as thinking about the future only after marriage, rather I think that a person who understands the basics of money from the age of 20 or earlier and gets educated for his better future, tries to earn money, avoids unnecessary expenses, and develops an investment mindset, they will definitely achieve good success in the future.

I think money investment is good technique to save money because millions of people are buying the things and these things are not valuable because they are buying useless things. People are doing different things to be rich and rich people are from most on online platforms. People are earning good and they are Investing their money on useless things. The people who are doing work on real estate, they are earning good and they are doing great in different things. Because there are many opportunities in real estate and they can invest their money on safe properties. People can earn more by getting fare from the tenants. People who are doing investment on gold , they could be in loss buy property always give you profit in a long term because that is limited on earth and people are in search of property.

[Dzwaafu11]

People are different
Some people come up with a healthy decision pretty fast, while others need a few days.

You are right. Some come with a quick decision, so we can’t classify those people as people who spend so fast or lavish their money or someone who has quick stuff to deal with, so those people are not really spending lavishly, and some people still want to make their things so fast; in everything they do, they want it snappy. You can see that such a decision will spend a lot of money to get it done in that way, so you are right with what you said: people are actually different.

[kryptqnick]

This is an interesting topic, and in my view, the key is not how fast you spend money, but being mindful and planning. Spending quickly is often seen as careless, but it can be justified if it goes into something valuable (not financially valuable but enabling precious experiences) or profitable. Spending slowly is not always wise either: money can be kept “forever,” and it loses value due to inflation.
Having some savings and saving up regularly makes sense, but perhaps keeping savings in fiat is unwise. Saving up for a nice family vacation or something like that is nice as well.

[mich]

Well I do not like to spend my money fast. I will like to save it and only to use it when I must do it. When I get my money I will save it for something I need to buy like food, clothing, and medicine.

It is how I know I will always have food and a place to live. When I was a younger boy I did spend my money really fast. On fun things that I did not need to have but it is what we did when we were young.

[Stablexcoin]

Exactly, our basic needs are same but spending power would definitely differ due to our different responsibilities, some are married and have families to catter for while some are still single without much to spend on, regardless spending wisely is what matters most, sometimes you'll see someone with much  responsibilities doing better than one with less what different such folks is the ability to manage properly and also invest for the future. Also, our wants should be according to how capable with are financially we should focus on spending on the necessities and learn to invest for future purpose.

Spending fast to meet up need shouldn't be considered a bad financial habit. Most persons before receiving salaries already made plans on how to supply their needs, after receiving salary the next thing is to quick use the money for what was planned for, keeping the money at hand to spend slowly might attract new budgets to the money already planned for.

It's not about how fast or slow we spend money, the main thing is for the spending to be on the right budget, all salary earner should have planned out budgets for the month, this will keep track of spending especially on the most importants things that are needed.