Post
Topic
Board Economics
Re: this makes a huge impact on the economy.
by
ivankoh
on 25/11/2023, 12:19:15 UTC
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?
That is the actual need of workers. Therefore, business/merchandising activities rely on this behavior and need to stimulate product and food sales programs... on payday or vacation days. Personally, before receiving my salary, I often refer to some things that suit my needs in life or are useful in my work. And when I get paid, I will also buy it. My friends, colleagues, and relatives also have this tendency. I think it's normal. Some people may not be able to control their hobbies and spend/shopping excessively, making life difficult.