The way we earn money is different and that is why we spend differently even though spending money correctly does not have anything to do with how much you earn but with what we use the money to do. People that earn a huge amount of money do not have to worry too much about spending properly as long as they are spending below what they earn they have no problem. The problem now comes when you earn below the money you need to survive. In this situation, you must have proper planning and you can't avoid to do mistakes in spending because your survival depends on it. Even if you cut expenses and go for everything cheap you still need a working plan.
The problems come when you have an unstable income that you have to plan with the money you have with you, and it doesn't matter how much you earn in the previous months your incoming paycheck might be lower or higher. A perfect example is living off crypto which can be very good and sometimes very annoying because in the bull market full-time job in crypto pays well and can be sustainable even though the money is not stable too but it is tangible and can be used to do something meaningful every month but when the bear comes it takes away the profit leaving us little or nothing to deal with.
Crypto is very volatile and we know the risk, some people believe this might change in the nearest future but crypto can't be stable but we have a stablecoin that is stable and pegged to one dollar, and most traders that are fully dependent on crypto save their in stable coin and use this stable coin to survive during the bear market but some bear market take longer and this plan doesn't work forcing people to look for a new job but that change when hbd comes with 20% APR
Ever since the Hive-backed dollar, APR has been increased to 20% a year too many things have changed especially survival with crypto in a bear market now becoming possible. All you have to do is simple just by saving enough with Hbd and use the 20% interest generated to survive during the bear market. This strategy might not work in some countries because the cost of living in those countries is very high but in those countries saving enough money into hbd savings too can go a long way.
In places like Africa where the cost of living is minimal and Hbd can go a very long way, this can be very helpful in fighting poverty and inflation in some countries in this area. Hbd is pegged to a dollar so you already know the amount you be receiving and you don't have to worry about the volatility of the market which makes it easy to survive.
