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?
Usually things like that can happen because it is a need or it is just a desire. Some people have a monthly shopping agenda where when they get a salary they will do some monthly shopping for their daily needs that month. Some people tend to have a desire and when they get a salary, it is like they have the authority to achieve their desire.
Maybe we are in the same country because usually government employees in our country also get their salaries between these dates and indeed as a trader I can feel that there are days when sales are higher than usual.