The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?
That makes sense about where money is spent. But what about situations where spending isn’t a matter of choice? For example, I could be saving up for an important project, but then an unavoidable and urgent issue comes up that forces me to use all the savings at once. In that kind of unpredictable circumstance, the
where is no longer valid because value won't matter any longer but it will be more about necessity.