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?
Its common fiat is difficult to hold for sure if you have money the tendency are you going to spend your money on something that you want or something that you need, I mean we are all guilty of buying what we want, also there are a lot of expenses that we need to pay so when you're onto a certain way of living you we tend to increase our way of living as well so even though we get a big amount of money or fiat money it would just end up feels like nothing because we just end up spending or and buying more if we have a lot of fiats.
Maybe it's a good strategy to avoid using cards and just use online or digital money, but if you really want to spend on something it doesnt really work for the long term. The way I solve this is just to budget your money for example on your salary you could easily divide it into something like 40% on investment saving then 20% on your expenses 10$ on your wants something like that, there was just no way to fix it the only way to do it is to discipline your self and know your limitation always remember to do not buy something that you cannot afford and always save higher than your spending.