Overspending may lead to wastages

[Starmix]

Some people have good salaries and become one-day millionaires on payday. They go to places to bond with friends, spend some hours of fun with them, spend a lot with them, no break, as if there is no tomorrow. The next day, some of them realized that they were out of budget, no more money to pay for the bills, and food for themselves and their families. They go bankrupt so suddenly. They can make amends, but the whole month's savings for the basic needs will be crucial, so there is a tendency to borrow money or apply for a cash advance. Those who have good earnings should set aside first payments for bills, for savings, for an emergency fund, for gasoline, and for personal hygiene before having fun with friends. Some friends are only good if you have money, and they stay away from you if they sense you are moneyless. We must be wise.

 

[Springtime]

That's a matter of self-discipline. If the person has no discipline spending money, s(he) will suffer financially eventually.

 

[Starmix]

We must also pay ourselves first during payday, but not to the extent that we cross the line of budgeting. It's crucial if you don't listen to your conscience. This time, prices aren't getting down, so we have to live beyond our means or no means at all .

 

[King Belieal]

There is no way that you would spend unnecessarily and won't waste money along the line. It is a natural result.

 

[Starmix]

Living in luxury could be more exciting if we are rich; however, if our income is staggering, we'd better face the reality that saving and not spending is the top priority .

 

[eLdavis]

That's a matter of self-discipline. If the person has no discipline spending money, s(he) will suffer financially eventually.

Well said, the key here is to develop self discipline, this way you will be able to stick to spending on your needs alone, and spending in moderation.

 

[Starmix]

In the absence of self-discipline, an employee will always suffer financial hardship if he continues to waste his money after payday by hanging out with friends who do not even care about him if he has no money.