Quote from: philipma1957 on June 22, 2023, 02:13:02 PM

Quote from: Stepstowealth on June 22, 2023, 02:08:47 PM

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

Most likely both society and yourself.

I agree with that, I think the root of the problem is one level above that. In the current economic climate, a lot of countries are struggling to keep their economy positive or neutral. To keep an economy afloat, you need spending. When interest rates are high, borrowing reduces thus so does spending. High inflation causes excess spending too. Pressure to spend otherwise can come with incentives to do so, marketing or advertising that causes increased spending, and thus a societal pressure to spend even when it is not wise to do so.

The problem resides within people and personal in the case of OP, though pressure from the level above would definitely be something to consider too.