Post
Topic
Board Economics
Re: SPENDING MORE THAN YOU EARN
by
coupable
on 01/05/2023, 23:48:19 UTC

👉👉Shopping with a list
This is a lifesaver and a game changer. It’s so simple! Literally, all you have to do is write down what you need in the house that week. Make the list, and stick to it. If you only need to get chicken and vegetables and some pasta at the house for the week, there’s no reason for you to be going to the snack food section. It’s a trap!


I came from a poor family we really always do this since we only have budget for this food and we shouldn't exceed on it because if we do we will got short on other things , this only applies if you really on tight budget but when I've got a family i do always prioritize our food so that we can eat healthy and delicious food that is why whenever i do have extra on my salary I put it in food to buy so that we can purchase more and meaning of that it will take more days before we will buy again.
Your experience proves the difference between the mentality of the average person (with an average income) and the mentality of the business owner. The first spends his life trying to reconcile incomes and expenses by keeping pressure on expenses since incomes are limited, while the second (business owner) seeks to increase incomes to match expenses.
Practically, you are not required to spend on luxury needs, but in a consumer society, I think it is wise to diversify sources of income to enjoy consumption. Low-income people cannot continue to pressure expenses indefinitely, so they quickly fall prey to debt.