With money you can buy a lot of products and you can also miss out on a lot if you waste your money on expensive items that you can’t afford. We tend to focus so much on what our income is that we ignore what we spend it on.
The biggest collection of things to cut out is everything you buy for impressing others. What is the point in buying and expensive car if you are renting a place to live? There is no problem in renting a place trying to safe up for your own spot. However put as much as you can into savings instead of trying to keep up with others.
A penny saved is a penny earned. – Benjamin Franklin
Don’t compare where you are standing with the people around you. The only reason why you could compare yourself is when it motivates you to keep going. You can look at the expensive car your friends have bought and enjoy the look of their car. While you can drive your car that brings you to and from the location you are going to. Pay for your (cheap) car in cash and save the money that you are not paying on a car payment. Before you know you have the financial power of buying a better car in cash saving you a lot of money not having to pay it off.
Everyone can decide on their own what they like and what they want to spend their money on. If you happen to love spending money on nice, but affordable cars then nothing is wrong with it. Determine for yourself where you want to save money and on what you will use your money. The more you realise in what areas you can save the better your financial situation will evolve.
Sound advice well presented cheers
Thank you, it’s great if know that we should pay attention to our spending. This way it is possible to change something about it.