4 top reasons to avoid stepping out with huge sums of money

[Augusta]

I know we would always want to step out with good amount of money but this comes at a risk for us especially if you are looking to save money. You should rather leave home with less money. It's for the below reasons

To avoid over spending, leaving home with huge money can lead to overspending

With high amount of money with you , you would indulge Impulse buys as it can cloud your judgment, leading to impulse purchase

With huge money with you , you can take unwise choicce like buying items that don't fit your needs


Too much money with you can lead to accumulating unnecessary items.

What do you think?

 

[Starmix]

I do list and make estimations on how much is the cost of the items to buy. Indeed it's not wise to bring huge amount when plan to shop. We might overspend and our budgeting will turn to futility.

 

[Fidelia]

Apart from all these spending related precautions, you can easily misplace huge funds or get robbed of it. It is better you have small money that would just serve the purpose of your outing per time.

 

[Augusta]

Apart from all these spending related precautions, you can easily misplace huge funds or get robbed of it. It is better you have small money that would just serve the purpose of your outing per time.

Yes, with huge sums of money you can easily get robbed so it is better to reduce the amount of money you are carrying

 

[neku]

I usually do not carry much money since it is risky and also do not purchase many items in the last few years, since my hands pain if I carry too much weight at a time .

 

[kerryjoy]

you are actually right, the saying that do not put all your eggs in one basket

 

[Starmix]

If we are rich, why not step out with big cash. It all depends on the status of the person. But for the small earners, it is best not to spend nonessentials.

 

[Kross]

I prefer to carry just my phone when I am stepping out than carry too much money. What I basically go with is just my transport enough to carry me through my walk arounds.

 

[Xtynehappy]

Alternatively we can avoid the overspending when we leave most of the money in the bank.

 

[King Belieal]

If we are rich, why not step out with big cash. It all depends on the status of the person. But for the small earners, it is best not to spend nonessentials.

You don't want to attract unnecessary attention to your financial status. I prefer to keep a low profile no matter how much I have and would ever have.

 

[Augusta]

you are actually right, the saying that do not put all your eggs in one basket

That's right you would tend to lose a lot as you step out with big money. You can even misplaced it.

 

[freelancermaria]

I always make sure to bring only a small amount of money when I go out to prevent myself from overspending on things I do not need, and it has been working wonders for me.

 

[Augusta]

I always make sure to bring only a small amount of money when I go out to prevent myself from overspending on things I do not need, and it has been working wonders for me.

Yes, when you are with huge suns of money it is natural that you might spend much of it and that's the truth.

Post automatically merged: Jul 7, 2024

This is true, with huge money with you , you can take unwise choicce like buying items that don't fit your needs because you have the money with you.

 

[Springtime]

I usually do not carry much money when going for shopping. I seldom pay by cash now. I pay by credit card but I have self control. I just buy what I need. The reason I use credit card is to get cash back.

 

[Starmix]

I surrendered my two credit cards. I became extravagant and a heavy shopper. This time I am able to save more doubled with a self control. I am happy of my decision.

 

[aninditasen]

I know we would always want to step out with good amount of money but this comes at a risk for us especially if you are looking to save money. You should rather leave home with less money. It's for the below reasons

To avoid over spending, leaving home with huge money can lead to overspending

With high amount of money with you , you would indulge Impulse buys as it can cloud your judgment, leading to impulse purchase

With huge money with you , you can take unwise choicce like buying items that don't fit your needs


Too much money with you can lead to accumulating unnecessary items.

What do you think?

Nowadays it's not essential to go out with a large sum of money. I make most of my payments online.

 

[riberet19]

This is supposed to be with cash, in the modern world, at least in Europe and North America everything is usually paid by card, so the lack of control of spending is sometimes real, because you carry most of your money on the debit/credit card.

 

[Starmix]

I agree with that, We carry all our money in our debit card or credit card, It was the reason why I surrendered my two credit cards. I became extravagant. This time, I can save more when using cash.

 

[Augusta]

When you strp out with a huge amount of money you are bound as well to spend it on different things both necessary and unnecessary things.

 

[eLdavis]

Security reasons are also another factor. One needs to be extremely careful when going out, cause there have been high cases of theft recently.