Spend wisely.

[Penlex_Writer]

Money are made for spending but spend less and save more,spend for something lucrative and not just a materialistic things that brings no benefits or value to you,some people spend there money without planning,why some spend because people are spending,the future is far ahead that's why we spend less not to get broke in time to come.

[bitterguy28]

Money are made for spending but spend less and save more,spend for something lucrative and not just a materialistic things that brings no benefits or value to you,some people spend there money without planning,why some spend because people are spending,the future is far ahead that's why we spend less not to get broke in time to come.

yes money is for spending you are very welcome to spend your money but it should be spent where you will earn profit from in short investing is better than saving find ways to make your double and make spending it worth it that is how your money will grow and not just from simply saving the money it could be about active or passive incomes but make sure it benefits you either way

[hugeblack]

Spending money is not bad, but the investment as long as your investment portfolio continues to grow, you can spend your money as the human psyche tends to reward for more effort.

[Findingnemo]

Spend money when you have tons of money sitting in your Bank account or just be very picky until you reach the status of don't really care about the price tags. People who are getting paid in salary are the real target of every products, they buy everything that's advertised and justify that purchase even if it's evident that they are paying too much for the product and the perfect example for this is Apple products which sell all their products at premium prices but still people consider if they don't have one then people think less of them.

[bisdak40]

Yes you’re right. Spending wisely and saving is the key. It’s better to focus on things that add value rather than just wasting money on trends or unnecessary stuff. Planning ahead really helps secure the future.

[Nheer]

Spending money is not bad, but the investment as long as your investment portfolio continues to grow, you can spend your money as the human psyche tends to reward for more effort.

Spending money wisely is really a perfect and healthy habit to practice. Most people who spend money lavishly really have more of it that why they spend it lavishly but when you have little you conscious will judge you and you will spend it wisely

But trying to spend wisely is really hard for some people but when we practice it as a habit we will surely get it done. Spending wisely is really helping. We spend less for the nearest future not to get broke.

[0t3p0t]

Money are made for spending but spend less and save more,spend for something lucrative and not just a materialistic things that brings no benefits or value to you,some people spend there money without planning,why some spend because people are spending,the future is far ahead that's why we spend less not to get broke in time to come.

Saving money isn't the solution to counter inflation we only save money for emergency funds, we spend less because we want to make sure we prioritize our needs but it is wise of us if we have to invest to atleast make passive income because inflation keeps our money depreciate it's value over time.

[Rruchi man]

... spend less and save more,

Spend less and invest more, not save more. Money saved does not get as much profit on it as you would if you had invested the money in something very profitable.

[Mia Chloe]

Money are made for spending but spend less and save more,spend for something lucrative and not just a materialistic things that brings no benefits or value to you,some people spend there money without planning,why some spend because people are spending,the future is far ahead that's why we spend less not to get broke in time to come.

Spending money isn't a wrong thing to do and just like you mentioned , spending in an unwise manner is what's wrong. Often times what is considered as an act of unwise spending is when you prioritise liabilities over assets. I think this is another concept of key importance that many people don't understand properly. The simple explanation is liabilities require more money than assets to be constantly spent.

Aside from all these, liabilities sometimes lose value or devaluate greatly when they are used or kept over time unlike assets that are aimed at neutralising the negative effects of inflation on value.

[Didia Sofunichi]

At a time of economic hardship and poor economic policies where Nigerians can hardly make earns meet I think it's very  important to spend selectively and wise. It's important for people to spend money on what is necessary and not luxury.

Spending wisely will encourage savings and will also help meet up emergency needs

[joniboini]

I don't know if my spending can be considered wise or not, but so far I've always allocated 20% of my monthly income for future usage, 10% for emergency needs, 40% for monthly spending, and the rest for investment/buying stuff for entertainment. It helps that most of my income is in crypto, so I don't have to spend fees to convert fiat into crypto. On the other hand, it's harder to follow my monthly plan to a T because real life never follows your prediction at all. For example, my family got sick a few months ago, and I need to spend more than usual to buy stuff for their recovery. I spent more in those months compared to the last 6 months before that.

[bitterguy28]

I don't know if my spending can be considered wise or not, but so far I've always allocated 20% of my monthly income for future usage, 10% for emergency needs, 40% for monthly spending, and the rest for investment/buying stuff for entertainment.

your ratio of savings to monthly income is actually quite impressive you must not be someone who spends so much on food or basic things or unnecessary expenses i admire that because some find a hard time trying to balance paying for things they need and don’t need

[0t3p0t]

I don't know if my spending can be considered wise or not, but so far I've always allocated 20% of my monthly income for future usage, 10% for emergency needs, 40% for monthly spending, and the rest for investment/buying stuff for entertainment.

your ratio of savings to monthly income is actually quite impressive you must not be someone who spends so much on food or basic things or unnecessary expenses i admire that because some find a hard time trying to balance paying for things they need and don’t need

Well yeah I agree he got nice budgetting ratio and that is impressive because I personally do not have that kinda stuff I only focus on my monthly bills and daily needs, no emergency funds and I stay most of the time in the house you know a frugal way of living because I only have limited source of income that is why I need to be as thrifty as I can.

[Sim_card]

Money are made for spending but spend less and save more,spend for something lucrative and not just a materialistic things that brings no benefits or value to you,some people spend there money without planning,why some spend because people are spending,the future is far ahead that's why we spend less not to get broke in time to come.

Saving money isn't the solution to counter inflation we only save money for emergency funds, we spend less because we want to make sure we prioritize our needs but it is wise of us if we have to invest to atleast make passive income because inflation keeps our money depreciate it's value over time.

I agree with you. It's better to invest your extra cash than saving it. Maybe, that's what the OP meant. However, investing in bitcoin for long will be a good way to save our extra funds from inflation because of you only keep it in the bank, it's gone be worthless overtime. Anyone investing and is serious on it, will spend wisely because he has where he is putting his money into.

[Penlex_Writer]

Money are made for spending but spend less and save more,spend for something lucrative and not just a materialistic things that brings no benefits or value to you,some people spend there money without planning,why some spend because people are spending,the future is far ahead that's why we spend less not to get broke in time to come.

yes money is for spending you are very welcome to spend your money but it should be spent where you will earn profit from in short investing is better than saving find ways to make your double and make spending it worth it that is how your money will grow and not just from simply saving the money it could be about active or passive incomes but make sure it benefits you either way

totally agree,as i said money is meant for spending,but is to spend it for what gives you a better benefits or value than just saving it in the bank for just a little interest.