Today a friend of mine that she noticed she has been spending too much of recent and she was wondering if she had been using money for a particular thing she wasn鈥檛 spending on before,she showed me her transaction history and I didn鈥檛 see a big deal in it,this is applicable to young teenage girls and youths who wonder how the money in their account disappears.i asked her how much she fixed her nails and she said $20 and I鈥檓 like is that how much you鈥檝e been spending,she said before she used to do press-on and now she has started doing acrylic nails and the one she used to fix before was about $15 there was already increase in the amount she鈥檚 fixing her nails,that鈥檚 not even the only thing,on a normal day she takes two cabs per day and now she鈥檚 taking three and I鈥檓 like when you calculate some little things it鈥檒l result into a big amount,she was already eating outside,she was no longer cooking at home as much as she used to,if she cooks at home it won鈥檛 cost her much but eating outside will cost more.
People always seem surprised when they do statement of account,even data,when we calculate the amount we spend on data per month we鈥檇 be shocked,but we can鈥檛 do without going online in a day,little things like this are the things that take our money low key,but there are certain things that we need to spend money on and that鈥檚 what will lead to my talking about needs and wants.Needs are the essential thing we need in order to survive and they鈥檙e things we can鈥檛 do without like shelter,food and clothes.wants are mere desires that humans have that we can do without,wants are just like things we just see and feel we need to have like cars,iPhones and other things that we desire and aren鈥檛 urgent.
If we are able to remember that some things are not really Important as some other things then we鈥檒l create a list in order of preference and in order of urgency.It will help minimize the level at which we spend money and it also prevents impulse buying.
