Quote from: eightdots on Today at 05:32:42 PM

Quote from: Cheema02 on Today at 05:18:12 PM

Quote from: axxo on May 17, 2023, 03:30:57 AM

To be mindful in spending our money can help us to avoid unnecessary problems. Always prioritize your spending, we need to make sure that we are just spending based on our needs and goals and not spending on what we want. Make a budget to help us track our spending and for us to see if we are overspending or not. Avoid getting a loan if it is not necessary. Make an emergency funds specially for unexpected medical expenses etc. in the event of emergency.

Making a budget is good habit, and I like those people who make a budget for any step they take in life. I see many people who are poor because they don't make budget, they spend a lot of money by purchasing things that are burden on them. They only want comfort and want life of rich people. They trapped into this. When a person has 250$ salary, he cannot afford a big apartment, but they take a big apartment and then they have to work day and night. This is a big problem that I noticed. And I noticed a lot of people who have low salary but their cash management skill is very high and they are enjoying a happy life.

There are many people who buy things they don't need and don't use them. What they do is pure consumerism. This is why the price of everything increases and the person who really needs it cannot buy goods. I can say that the world has become like this in recent years.

We need to classify our needs in order of priority. We should not shop on impulse. When we write down the shopping we have done for 1 month, we will see many unnecessary things. We bought many things we shouldn't have and spent money unnecessarily. Sometimes we need to see the mistake we made by making a list.

I did have this shit experience back in the past since im a credit card holder which had been granted with a big credit limit on which since its my first time on bearing out such card which on the time that you are inside of a mall then lots of things that you would really be having in mind which you would really be liking to purchase on since you know that you do have a card which could really be able to buy up things without having that cash on your pocket and since its my first time then i did make myself fall into the trap on which buying up things which arent really that relevant or something that would really be useful for long term but instead i did make
purchases which it did really satisfy my impulsive materialistic part and here comes the time with those due dates then this is where things starts on being fucked up on which paying up those amounts that you had
been able to purchase or else you would be paying up that minimum amount due monthly if you cant pay it as a whole and this is where those debt chain would be starting and this is the hardest lesson that i do have
and been resolved for how many years because of that unwise spending.This is why its a must avoid thing in the first place. Dont make yourself that impulsive.