Spenders and Savers
Living in this economy today it seem like money is everything,without it you’re nothing.People tend to look at you differently if you did have money. Spenders thinks that money is everything , while savers hold onto every penny they got. Spender and savers both have to maintain their money,and depend on money .While savers have a better chance of holding on to the money the spenders.
Being a spender is more of a disadvantage because a spender uses most of all their money on entertainment like eating out ,going to the movies or out to bars .Spenders will consent to going on dates with friend or their boyfriends or girlfriends without thinking much of if they overspent in the month.Spenders will not plan on how much they will spend each month. Spenders tend to think of short term plans .Spenders say why bother saving money for the future when there’s a world of endless gadgets and gizmos and other amazing thing that can 't be bother to wait in being brought.I 'm a big spender,having to save money is so hard for me every time I see something nice I have to have it.I work in a clothing store in the mall I get paid every Friday ,when ever i say that paid check for $200 dollar for every two week of work, I Spend that paid check by the end of the week on buying food ,clothes , and makeup that I probably don 't need ,but I kept on spending and spending without thinking about what will happen just two week ago I had a an overdraft in my bank account that had my bank account under - 173.86 dollars which came at a big stock for me cause it never happened before. Which taught me if I keep spending my money with saving that incident could happen again by maintaining my money will help me become a better saver.
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...smart savers, starting to save is the most hardest part but it the most important thing in saving,I 'm still Learning how to save my money and become a big savers instead of a big spender.
In the end being a big spenders come to a every disadvantage, while being a saver allows them to enjoy their future with having to worry about how much they need to spend today like spenders would need to do if they keep spending all of their money on buying clothes,shoes,cosmetics ad going out every night with their friends , boyfriends or girlfriends they won 't have enough money for future expenses. Consequently,due to inflation and illimitable wishes we have to learn to be frugal saver then to be extravagant spender with a limited income . Only remember to not become overly stingy or you will become unwelcoming and miss out in all of the joyful things in your precious life.
Money is something that can either be used for the greater good of society, or it can be contorted into something that is detrimental to society, it all depends on whose hands that money happens to fall into. Human tendencies begin to change once people come to have money, the lavish and selfish lifestyle begins. Entitlement comes with having money because money gives people what they want which makes people think they are entitled to get everything they want. In The Great Gatsby Fitzgerald portrays that money is the root of all problems with can ultimately lead to loneliness and careless behavior.
We strive to make money, save money and when we spend money we do so with a
Several months ago I began to suspect that a new acquaintance had some unusual ideas about money. Her Facebook posts and conversation starters revolved around living a frugal lifestyle and her approach, at least at the time, seemed quite novel. The Great Recession has certainly forced all of us to reevaluate our spending behaviors and tighten up our proverbial belts a few notches. In fact, the National Foundation for Credit Counseling (NFCC) conducted a poll in January that shows many of us are experiencing “frugal fatigue.” Cunningham, an NFCC spokesperson, says that “…66 percent (of respondents), indicated they were tired of pinching pennies… ,” but, “(t)he interesting finding is that more than 20 percent… had implemented financial lifestyle changes that they found to be positive and intended to keep them in place" ("Majority of Americans Have Frugal Fatigue”). I could not find any estimates about how many Americans have adopted extreme frugality, but the 20 percent of respondents in the NFCC’s poll that believe they will continue their frugal ways suggests the number may be very high indeed. At any rate, my new friend talked about her frugality with the same fervor as a religious convert. The only other person I knew who could rhapsodize so joyfully about reused plastic baggies and thrift store finds was my maternal grandmother. I was intrigued and inspired to research this co-culture, or perhaps counterculture, of extreme frugality.
Personally, I look and strive for money because what else is a teenager supposed to do without money. So learning about what others believe about money is something that strikes me and challenges me to think differently. With many having this perspective on money, Morrie and my interviewees remind me that there is more to life than just money. My father said that money was his motivation at a young age, but believed that money should be something that we should work for (Personal Interview). My grandfather on the other hand believed that money was an evil. He also believes that money should be put towards things that matter and not things that you want (Personal Interview). This leads me into what Morrie believed about money. “You don’t need the latest sports car, you don’t need the biggest house. The truth is, you don’t get satisfaction from those things” (36). Morrie’s outlook expresses that we don’t need these things in life, and he also mentions that these things don’t supply any satisfaction. The true satisfaction is the satisfaction of family and friends, and the relationships that we develop through
Frugal means to be cautious in spending money while still living life abundantly. Learning to use coupons, shop on discounted racks, and also think of making the most of things so that purchasing double can be avoided are ways you can become frugal in your spending habits. Those ways are effective, most essentially it is about being happy in life with minimal things. (Cox, B) Always remembering it is not about the price but the value of the items you wanting to obtain is a helpful trick to keep spending under control. People often go into poverty because of the small money that they do receive is being spent on things that the same money can be spent on something cheaper with more value. With controlling spending habits there will be more money for emergencies in the household. Putting more values on things, finding happiness in little things, and appreciating things more all come from a frugal lifestyle. You can also find things that existed for the longest time that goes unnoticed because of the more flashy things takeover. People not in poverty have better happiness because they understand all of the values on life. They often smile more and feel more light and guilt
“Proper society did not think about making money, only about spending it.”, said Barbara W. Tuchman. This quote shows our real world, and the people that spend money, but they forget about the value of money. Nowadays people want more that they have. They forget how many things they have, and how much money they spend. Most people when they see other people having something better, and in that moment they want to have it also. Also, people forget how hard they got that money, but how easily and quickly they spend it. In the article “The treadmill of consumption” by Roberts, he says that people are willing to go into debt to buy certain products and brands. That is right that people can do crazy things to buy certain goods.
money one has, the happier they are. You often hear people say "if I only had
People need money to live, and enough to buy the basic goods one needs to survive, but everybody wants more money. More money means an easier life. The more money one has, the more money one wants, as is shown in the story, "The Rocking Horse Winner" by D. H. Lawrence.
Money, the media of exchange for products and services, provides things people need, like food, clothing, shelter, or medicine. People spend most of their life looking for it. My parent for example, works from sunrise to sunset to obtain it. The more money people have the more benefits they can get, because they will be able to get a bigger and better houses, clothes, or food. Less money means stress in bill payments, gas prices, and food prices. With money, people can fulfill their material need. However, money cannot buy everything such as happiness, friendship and love, health, and appetite.
In conclusion, the best way to manage your money is to keep a budget and record all your transaction to see where your money is going. Living with a budget isn’t the easiest thing in the world, but it can be a great alternative to worrying about how you are going to pay for your expenses. Budgeting allows you to create a spending plan for your money; it ensures that you will always have money for the things that are important to you. Following a budget will also keep you out of debt. If you don’t balance your budget and spend more than you make, you will have financial problems. Many people don’t realize that they spend more than they earn and slowly sink deeper into debt every year.
Many students in grade school don’t obtain money very often because they do not have a steady income, so they are prone to spend the money they get. For example, if a student gets money for a holiday, the first thing that comes to mind is to spend it on something they want because they are not used to having money. They don’t know the next time they will get more money so they don’t see the importance of saving. Since there would be a constant income a student will see the effect of saving because their amount of money would constantly be increasing which will motivate them to keep saving. If students learn how to save while they are younger they will be more successful in life, and they will also have that money to use when they graduate.
Personal financial planning is important because it helps you prepare financially for the future. My first short-term financial goal is to have an 8-month emergency savings account. This class helped me understand the important steps needed to achieve my financial goals. “Successful financial planning requires specific goals combined with spending, saving, investing, and borrowing strategies based on your personal situation and various social and economic factors, especially inflation and interest rates” (Kapoor, Dlabay & Hughes, 2012). First I evaluated my spending habits. This allowed me to see where I was
People with more money don’t have to worry about saving since they don’t have to ration their expenses. They also can afford nicer things and go out and travel more than others who have less money. According to , people in the upper class live in high end neighborhoods, send their kids to private schools, take part in big name clubs, and drive nice cars. There are two ways that these people obtain this level of wealth. One way, is by being born into a family that has always had money. And the other way is through hard work and
Money is essential for our everyday lives and people have to face choosing whether to save up or spend their money. Of course earning our money can difficult considering that it is a necessary asset that affects every aspect of our life. Every day we see people working hard to earn as much money as the can. However how they use using the all the money earned is a frequently debated topic have seen many people who earn money and can no restrict themselves from spending .They usually act like wild animals fighting for food and being separating from the delusions of business. People are usually confused and frustrated by the amount money the use in a week without knowing that their daily impulse buying objects have piled up. Although it can be very hard to control there are many easy steps to stay away y from spending and instead saying up. Setting a goal, recording the amount you spend and even lowering your expenses can be small steps that will lead to great success in saving for the future
The public can every now and again use some of the money set aside to purchase luxury items, or enjoy a family vacation. Depending on one’s income experts the amount they are able to indulge in “fun spending.” Budgeting is key when saving to spend on this type of occasion because going overboard can push you to start the whole saving process all over again. Saving is important for all aspects, and it also helps one to enjoy the quality of life when spending for fun.