I noticed majority of the people in my area tend to spend more money then usual when they get their salary, like buying things they don't really need.
I said majority of people because my dad owns a grocery store, I have noticed that most of the customers tend to buy more stuff on the 1st and 10th day of the month because on these days they get paid in my country.
I already seeing this pattern on news or business related youtube videos, but I didn't think it was a big deal.
Now I realized that its very important to consider this behavior of people when making business decisions because it can have a big impact on the sales or finances.
I am surprised by it because in my family we usually buy only things we really need, I am starting to understand how other people's spending habits can affect the business.
Do you also find yourself spending more on you payday?, or you approach your expenses differently?
Doing a grocery by the first week of the month after receiving the salary is a need and I am also doing it but the stuff that we buy should be not our wants instead only our needs like healthy foods. We do it mostly every month but this month we aren't able to do so because of financial difficulties and I realize that we spent too much on groceries even though I would say that it is our "need" as it is all food but when you check it we have bought lots of junk food so we should consider what we buy and only those we need and are healthy.