5 Interesting Facts About Spending
Everybody likes spending money because money is very easy to spend even though it is hard for some people to make. In fact, a lot of people go all out to make money just because they want to spend money and they spend it for several reasons. Some people spend money for necessities while others spend it for trivialities. If you understand some facts about spending, it will definitely help you align your spending instincts:
1]: Spending Can be Addictive- Spending can become very addictive if it is not controlled and this can lead to a habit of wasteful and excessive spending. This makes people buy what they really don’t need because they just want to spend. A well-tailored budget with a lot of discipline can curb this.
2]: Spending Can make You Better Or Otherwise- If you spend money on the right things like assets and investments, it will certainly make you a better person on the long run. But if you spend money on the wrong things like liabilities, it will certainly put you at a disadvantage.
3]: There Will Always Be Things To Spend Money On- This is so true because once you earn money, there will be things to buy. But it is foolishness to begin to think of buying everything all the time because some things even though should be bought, should also wait for the right time.
4]: You Can Plan And Control Your Spending- In fact this is the best way to go about spending. If you must wield power over your spending then you must plan ahead what you will spend on and what you will not spend on. This plan helps you to decide on where your money will go even before the money comes.
5]: Money Is Not Only Meant To Be Spent- Many people think that money is meant to be spent and this fuels their uncontrolled spending habit. The truth is that money is not just meant to be spent but also to be saved and invested, this is because investment is what delivers you from working for money all your life.