Things you shouldn't do with your money to grow rich or advance in life

[bitterguy28]

Ability to control desires like you have rightly mentioned, most people can not control their cravings, by the end of the month you find out that they have spent a good percentage of their salary on cravings, unfortunate this cravings and desires are things they can actually do without

i do not know if i am the only one who thinks like this but to me food is always necessary which i later realize that is a pretty bad excuse spending on expensive food when you could feel as satisfied and full with cheaper food

food is a necessity in life but expensive food is not most importantly healthy food is what we should be focusing on and not just delicious, aesthetically pleasing food if we could find cheap and healthy options then that would be the best forget about eating take outs from foodchains and cook your own meal instead that is a lot healthier and would save you an incredible amount of money

[Chilwell]

If you want to manage your money better, plan your spending to avoid unnecessary expenses. Don’t show off your money focus on what’s important and avoid splurging on trendy items or things you don’t need. Be mindful of small purchases like expensive coffee they add up. And when it comes to investing, always do your research to avoid scams. Spend wisely and keep it simple.

Budgeting is extremely beneficial in many situations. Avoid lavishing your money to show off or feel superior to others, as this mindset can hinder your progress. Instead, focus on managing and spending your money wisely. This approach will help you make the most of your resources and achieve your financial goals.

[JoyMarsha]

In addition to what you just said.
 
1. Don't spend more than you bargained for, because you want to feel recognized or praised; Majority of people are guilty of this kind of attitude, they spend a lot in gathering, just for them to feel among or being praised having a lot of money.

Take home advice. As we spend and curtain our spending, try hard to invest in yourself. Read books to develop your intellect and dress cute. People are being addressed the way they dress.

[bisdak40]

If you want to manage your money better, plan your spending to avoid unnecessary expenses. Don’t show off your money focus on what’s important and avoid splurging on trendy items or things you don’t need. Be mindful of small purchases like expensive coffee they add up. And when it comes to investing, always do your research to avoid scams. Spend wisely and keep it simple.

Budgeting is extremely beneficial in many situations. Avoid lavishing your money to show off or feel superior to others, as this mindset can hinder your progress. Instead, focus on managing and spending your money wisely. This approach will help you make the most of your resources and achieve your financial goals.

It's better to spend money wisely than to waste it trying to impress people. Sticking to a budget and avoiding stuff you don't really need can help you reach your goals faster.

[DragonF]

It's better to spend money wisely than to waste it trying to impress people. Sticking to a budget and avoiding stuff you don't really need can help you reach your goals faster.

This is a nice submission. Some people are not always frugal with their finances. They are easily persuaded to spend money that is not budgeted in order to impress others as you mentioned, and then they return home to regret their actions. No matter how wealthy someone is, they will always feel unsatisfied if they make poor financial decisions.

As you pointed out, it is critical to prioritize your spending and know what matters. There is always an inner sense of fulfillment when money is managed properly. Whether we budget or not, we must spend money, but we must spend it wisely. 

[Agbe]

It's better to spend money wisely than to waste it trying to impress people. Sticking to a budget and avoiding stuff you don't really need can help you reach your goals faster.

This is a nice submission. Some people are not always frugal with their finances. They are easily persuaded to spend money that is not budgeted in order to impress others as you mentioned, and then they return home to regret their actions. No matter how wealthy someone is, they will always feel unsatisfied if they make poor financial decisions.

As you pointed out, it is critical to prioritize your spending and know what matters. There is always an inner sense of fulfillment when money is managed properly. Whether we budget or not, we must spend money, but we must spend it wisely.

Anyone who spends money to impress others is doing the wrong thing and is not mentally prepared to face the future because one thing that defines you as a human being that is ready to take your future in your hand is your ability to stand your ground and not be easily move by what others are saying or doing because trying to impress people is a big problem that has kept people in one place especially when it comes to financial stability because when you spend above your income living a life that you can't sustain over time due to lack of money problems and regrets will be the results of it

[bitterguy28]

They are easily persuaded to spend money that is not budgeted in order to impress others as you mentioned, and then they return home to regret their actions. No matter how wealthy someone is, they will always feel unsatisfied if they make poor financial decisions.

humans have it in them to always want to feel like they belong somewhere with other accomplished people they always crave for other people's attention and acceptance even if they do not care about those other people in a personal level i think it has intensified more now with social media and people craving the likes and reposts from other people

As you pointed out, it is critical to prioritize your spending and know what matters. There is always an inner sense of fulfillment when money is managed properly. Whether we budget or not, we must spend money, but we must spend it wisely.

forget about everything that is superficial as long as you are surviving well you do not need to show off to people maybe you can show off in the future but if you had just gotten some money do not even try to show off just yet because you still have a lot of work ahead of you

[Joeboy]

1. Avoid spending without a plan

Many folks are unconcerned or simply do not want to spend. They don't care if they have more money or if they have money left over until the month is concluding. They will then protest that they don't have any more money because they have no idea how or where they are. It is going to be spent. And how many times have you gone shopping or grocery shopping without a list, which ended up costing you?

You didn't have anything planned? Because if you want to save money, you should continue to make plans about what you buy.

2. Don't boast of having a lot of money

This is correct since it is your money, and you can spend it any way you see fit. However, regardless of whether we admit it,
Arrogance is also a factor in how we handle or mishandle money.

3. Don't always purchase anything worth

One of the most serious issues with our spending is that it loses value over time. Assume you purchased a phone or a car last year, but I'm not suggesting it's not a necessity; I don't intend it that way. What I'm trying to say is that you don't always have to keep up with the trend; just because a new iPhone is released, you'll buy such gadgets, even if they're expensive and difficult to obtain, but it turns out that you're just forcing your own to keep up with the trend. The same is true for the car, where a down payment will be required.

Gas expenditures, maintenance, and other expenses will be required here because if not, you would most likely sell it for a low price.

4. Do not waste money on unnecessary items

Many people, like the rest of us, are still addicted to spending money on items they don't need. Others may be
inclined to go with pals who just do occurrences, and you stay up with your soldiers knowing that they have a lot of money unlike you. We are not like that. only like buying a high-quality coffee to drink at coffee shops only to be able to socialize and have a good time,

You may not lose or die if you lower the frequency with which you purchase this expensive coffee brand. You are aware that your budget is also It will be detrimental to your finances. And we know that there is also one that is less expensive things's the same coffee, so let's keep things simple for now. There are numerous additional ways to limit the amount of money we spend on unnecessary items.

5. Don't invest abruptly

In my experience, I've also participated in this type of investment without thinking first or performing research because I was just swept away by the hype. It's similar to the "Get Rich Quick" scheme, in which your $1,000 becomes $10,000 after three days. Just like previously. Several Bitcoin ventures eventually turned out to be scams, but I don't blame them entirely.

Because there are legitimate cryptocurrency initiatives and some that are simply scams or shitcoins, this is only one example.
But I'm not saying you shouldn't invest in cryptocurrency; I just think we shouldn't make rash decisions so that our money doesn't go to waste.

100 percent true, however  let me add a few things, avoid letting your money sit, without using it to get more. There is a popular saying which goes this way ''Money is used to get money''  So instead of just keeping all your money in the bank and be waiting for bank monthly interest. Make reasonable investment, invest in things that can make you more  money, I mean things like buying or getting business idea that you can use to establish you own very business which will serve as your personal goldmine. Don't engage in reckless spending like buying plenty cars, phones or any other electrical gadgets, all of this things mentioned are good , however one thing to note is that on the long run, they don't appreciate, rather they depreciate overtime.

[Dr.Bitcoin_Strange]

Self-management is very important because it will enable you to manage your resources wisely. Most extravagant spending is due to lack of self-management and more love for consuming commodity, rather than investing. It is good to have your weekly budget and monthly budget so that you don't end up spending on unnecessary things. Avoid competition with people on your way of living, because you and those people that you are going into competition with are not working in the same place, neither are your cash inflow the same. Even though, it is the same, you don't know his responsibility might be little compare yours.

Control over your "wants", and the ability to manage desires - one of the qualities that guarantee a secure life !
Uncontrolled consumption, if we talk about things - it is spending, and meaningless, and usually realizing only "show" - to show yourself richer than you are.
Excessive consumption, if we talk about foodstuffs, is the second largest worldwide. We buy more food than we really need. Significantly more.
But these are manifestations of the problem. And the cause is uncontrolled consumption, and not being able to control our desires, something many of us have to fight against

I completely agree with you, you have mentioned all most people are really going through and funny enough some people doesn’t agree that all this are major obstacles they have in their life, which is making them not to grow or move forward, all because they want to show themselves, lack of control over irrelevant things, which is not good at all.
Yes, about foodstuffs, I know some people buy foodstuffs in large quantity incase if they run out of money at some period of time, they won’t need to beg or become strand but not doing it in the right is what I don’t like just like buying what you we won’t consume or what we don’t like eating, which will get spoiled and later throw it away, that is the one I don’t like but in all, whatever thing that is not going to add more to profit us, we should discern from it, even if it’s relatives or friends.

[Joeboy]

Ability to control desires like you have rightly mentioned, most people can not control their cravings, by the end of the month you find out that they have spent a good percentage of their salary on cravings, unfortunate this cravings and desires are things they can actually do without

i do not know if i am the only one who thinks like this but to me food is always necessary which i later realize that is a pretty bad excuse spending on expensive food when you could feel as satisfied and full with cheaper food

food is a necessity in life but expensive food is not most importantly healthy food is what we should be focusing on and not just delicious, aesthetically pleasing food if we could find cheap and healthy options then that would be the best forget about eating take outs from foodchains and cook your own meal instead that is a lot healthier and would save you an incredible amount of money

You hit the nail straight to the head. I had this mentality in the past , and I know so many individuals also had this mentality. I believed that the more money you spend in purchasing  food or food items , the more nutrients it tends to have, but this is not entirely true. I can used ten thousand naira to buy food in take away and it is less nutritious than the food I prepared with five thousand naira. The truth of the matter is than with little money one can prepare sumptuous, delicious and nutritious meals.
This country has reached a point where we should very frugal in our everyday spending, our focus should be placed more on investments for the future to come.