Quote from: Ursulachuks on Today at 07:39:12 AM

I don't see how increasing consumption may result in higher income.Keeping to a budget is preferable. Setting long-term financial objectives, avoiding overspending, breaking dangerous spending patterns, and other things may all be done with a budget.

The way you said the matter it doesn't actually hold later. As the saying goes, as income increases, expenditure also increases. I think most of the cases happen with most people. If I speak for myself, it has happened in my case that when income is low, expenditure is also low. But as the income increases, the expense also does increasing.
It's a lot like developed countries and poor countries where you can see that while your income and standard of living are better, the cost of living is also higher.
On the other hand, if I talk about the countries of the third world, then the income and therefore the expenditure from the developed countries is comparatively less.