Minimizing the degree of spending money.

avatar
(Edited)

It's important to understand and be guided when it comes to the value of money and how an individual should spend money, by knowing this, an individual will be able to minimize and cut unnecessary wants and knows the need at that point.

20230528_125921_0000.png

It's going to be very nasty to rapt up with peers who lavish money on things that are not bringing value to them or because they want to march or rob shoulders with the high-class people in the society.

Some learned scholars have attested to and given that perspective and view on money, while some believe that money is a logical commodity, others distance from that view and came up with another approach.

Money affects the atmosphere of an economy of a country, there's a lot more to the real value and worth of money than we can say or attest to. Money in the actual sense plays a vital role in society, its dominance in the general human lives can be seen in the degree of relationship between individuals on survival and avoiding poverty.

I believe in this theory that postulates that no way an individual can correctly spend money that to say 100% spending and this is because regardless of our financial situations and level, we're always left with the effect or consequences of opportunity costs in our lives.

This is because there are still disadvantages t making the right choices and this is a better explanation to the spending approach that says above that we cannot spend money correctly or 100% as our inactions and favorable manner will always be the effective site, disadvantage and consequences that we might eventually suffer.

In today's world, people tend to secure tomorrow Instead of today, even the Bible said it in the Lord's prayer by saying give us this day our daily bread, not tomorrow's bread, but we keep on directing and channeling all our plans, effort and goals to ensure that the future or tomorrow is certainly secured, all these are certainly at the expense of today's effort.

It is believed that most choices made on money and spending speed are simply because of the different financial experiences, backgrounds, and knowledge we had and this may be because of fear accrued during the cause of investment.

Nevertheless, we can safeguard and create a vault for our money through web 3.0 platforms such as @SPS, @GLX, @GLGT, @leo, and lot more verses to gain by saving and investment.

If you found the article interesting or helpful, please hit the upvote button, and share it for visibility to other hive friends to see. More importantly, drop a comment beneath.
And don’t forget to stake #GLX to build up #splinterlands.



0
0
0.000
2 comments
avatar

Sure! You're right, spending with much care is very important no matter what. A time will come that what we lose from spending excess wouldn't be gotten back. It's very good to have a good plan of what we spend. Thanks for your good post. My pleasure 😁

0
0
0.000
avatar

Thanks for reading that @jude9...it very necessary to know how we spend

0
0
0.000