Well that's the truth just so we can live a comfortable life at all times,it's better to live below your means and the only way you can do that is to reduce your spending.You spend less on clothes,accessories,getting top model of cars and many other things,that way you're left with so much money to save and invest for other financial purposes.
It doesn't necessarily mean you will deny yourself of your happiness and comfort,In essence, it’s spending less than you earn simple as that.its more about having a smart spending and exercising saving decisions.
Reducing expenses is indeed a very good thing if we can do that, because if we force ourselves too hard to follow current trends, of course the expenses we have will be very large, even the income we have will not be enough to meet the needs we need and what's worse Again, we have to look for a loan that can meet our needs and when we get income, we have to pay off the loan we took.
Choosing not to live in luxury and saving some of the income we have is certainly very good because if we have savings, of course we will be able to invest in our future so we can achieve financial freedom.
A simpler lifestyle will help to reduce expenses if you can prevent yourself following the trends you may able to deal with it, but most of the time people always wanted to have things that's not necessarily needed, things that's adds up to your expenses, if you can avoid that you may able to save more money, with a wise choose of lifestyle and with the knowledge that you can have thru online access you can use those save money for investment.
More on how you choose and how you percept your future, preparing step by step is very crucial more on how you discipline your own self.
True! Many people now a days are into social media and trends in it; they can be easily persuaded and attracted to something new and trending on the internet, and that's what the promoters and advertisers are taking advantage of. Let's take, for example, the iPhone product. If you are into technology, you will see the difference in technology. For example, in the case of iPhone cellphones, there is a recent release, which is the iPhone 15. If you compare it to the iPhone 14, there is not much difference, but why is it so hyped? And many people are dying to buy it because it has become a social norm or trend to have an iPhone when it has a new release. If you are a practical person, you will see the wrong here, and what you are paying for is not the cellphone's features; it is the brand. That's why I can't understand people dying to have an iPhone despite their financial instability.