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?
People have different needs and people have different perspectives on their money, people who solely live on their own have fewer things needed but others have families so the number of foods, stocks and needs increase as per requirement for their sustainability. Its still good if your country is the one keeps exporting this makes your country increase the GDP or the economy due to a number of demands of your product but other than that this could lead to the number of hoarding if the product is too much demand for used. Every payday people most likely immediately budget all the things, bills, expenses, food, allowance, and etc so expect every payday there's a wave of people keep making groceries for their needs and of course currently we expecting a 13th month if you have a job that gives you more than your current salary as bonus of your work for whole year.