Do you agree that the more you earn the more you spend?

Making earning is a thirst and hunger which is never satisfied. If your earning increase in AP your needs will increase in GP. Saving is must. The best way of saving is treat it like your other exp. When you make provision for your grocery bill make provision from your earning for saving. Take saving as obligation like your electricity bill etc.

No scehng! In my case I would not say so. I have seen fantastic earnings, medium income, no income, etc..etc. It is bound to happen when you are on your own.My husband was also in a job and later he was on his own. Except for inflation , we have not changed our lifestyle[lifestyle includes food habits, eating out , holiday spending etc..,] whatsoever and my husband always saves according to his plan. He exercised strict financial control over the household expenditure and I would have to abide by it.Luckily I had my own to spend on my personal vanities.Even w hen I didn't have personal money I used to spend if I had money to spend[if it were granted and there it stopped]. We would tend to spend more if we start thinking that ' I am earning after all; let me spend'.Sometimes, this can also lead to wasteful spending. My maternal grandfather had 10 children and he was a very strict man who could save up enough and keep for his children.His principle was apparently "if an increment was given he would not touch the increment'.He would continue to keep household expenditure as it were before the increment. He used to save money in recurring deposits and then make it into a fixed deposit and plan each daughter's wedding accordingly.[6 daughters].He was a steady earner [not too great] but his expenditure was always under control.He would never borrow and apparently though his colleagues had a car he did not believe i n increasing lifestyle . So, to your question, the secret to saving is to exercise strict self-control.One would get unexpected expenditure at t imes, due to illness etc..,but the savings should take care.

I am inclined to agree. Otherwise, why should I be earning and strive to earn more and more. LOL. Some of us make money just to survive. However, the amount needed to survive is very subjective. This is because our wants become our needs. We always complain of not enough money because of our wants and not our needs. Hence, the more we make, the more we spend. A fair decision.

It's just a matter of putting it away and forgetting about it..yes you probably do spend more when you make more....but if you try to keep on a budget with what you have been spending before you make more..you can put the extra away!

A student in one of my classes was complaining about money and the professor told him, "Money problems are always going to be with you. I've had money problems all my life, even when I made SERIOUS money (six figures). Probably cause I spent more." I think yes, most people will have trouble managing money even if they have lots of money. I think money problems are a mindset problem, not an earnings problem.

It is true that about that. The more you earn money the more you will spend it because the tendency of a person's thinking is to award him/herself from the hard work they had. It's really a common practice on every individual. It is hard to save money because in the end, you'll need the money that you have. This is one of the harsh realities of life. And I agree that spending money is much easier than earning money.

The best way to save is to agree when making your budget how much you want to save each month. Then, you should have your bank take that amount out of your checking account each month and put it in a special savings account. If you never see the money, you won't miss it. Some empoloyers will do that for their employees. I did that when I was working, and when I retired, I had well over $100,000.00. There was a time when we could have used the money because my husband did not have a job. However, we did not even consider touching that money. We could have drawn all or part of it out, but there would have been a penalty. We made it through the hard times and still kept adding to that savings account.

I agree with you, friend. Because as I notice when you have more money. You spend more. But when you have limited amount of money. You expenses is lower because you to budget it...

I would agree. Before when I was still a student, I could really save a lot of money and can even use it for so many reasons. But now that I am working, I can't even buy the things I really needed. And I can't even save even for just a small amount. I think it's mainly because we are expecting more money to come during the next pay day.

Yes, I agree. Saving is not related to how much your earn, it is more related to our attitude. When you decide on saving some money, even one dollar a day, you will have a saving by the end of a year. However if you think of saving 100 dollar a month when you earn more, you may not getting there by the end of the year, cause you would have more needs to attend to when you earn more like, going to spa when last time you only go to a barber shop. You may want to buy a new model of telephone when before you were satisfied with an old model, etc.

This is the weakness of human-beings. Similarly, the more we have, the more we want. We never satisfy in whatever we have. We are greedy. Some people told me that this weakness is a very good motivation in our life to move progressively. When we earn more and spend more, then only we shall try harder to survive. However, saving is definitely a good habit to me. I shall save more, to make my future to be more secured.

Well for me this is a yes it seems like the more money I have in my pockets the more I want to spend.I am training myself to become more disciplined.I'm not really saving any money but thanks for the idea.tho i doubt i will be going anywhere this summer with these gas prics.

Yes, and that is how it should be. Maybe that's being a little idealistic, because I want to believe that--once one reaches a certain standard-of-living (probably that to which they were accustomed in early-childhood)--they stop getting 'bigger and better' stuff and let the overflow go to their local church/fellowship/etc. But it probably doesn't work that way (I'm saying because--though I may have reached the standard-of-living I want--I'm not experiencing the overflow it seems I should). The way I think it works for 'normals' is that they live off of their line-of-credit (I say 'normals' meaning 'people who have J.O.B.'s' ... I had a line-of-credit, but no real income to back it up; so when a magazine-subscription company convinced me to give them my digits, I ended up with my citizenship stripped-away ) That is to say, they (probably you too) get their stuff & THEN work on paying for it. So they usually end up just getting the stuff they'd be willing to work for.

There are too many distractions in the world that clamors for our money. We don't realize that the more we spend, the more we are committing time to the new interest (whether it is food, or gadgets or simply stuff). Sometime we kid ourselves into believing we deserve it because we worked so hard, then realize at the end of each pay month how little we have left or how much we have overspent on indulgences. Sometimes we also kid ourselves into believing if others can have the good life, why not us, and again we live beyond our means. So the more we earn, the more our greed or want appetite grows along with it. But the sad fact is once we breach the old mark, to get back to the original spending pattern is difficult unless the circumstances force us to downplay our inner self (-wants).

hi scheng, regarding earning money,till now i have not earned money,still i have to pay some debts, i do not know when i can clear all my debts ,i am trying to save money to clear my debts,so i am saving penny penny and thats why i am requesting for help in making money,have a nice day

Yes, you are absolutely right. I ever experienced it many times in my daily life. Although i had planned very well, to budget my income for buying only useful things. But when i had received my income, i tends to spend them on almost all unnecessary goods and only able to save a little only. now, i am trying my very best to budget and write down all the expenses and will spend according to the list only whenever i go shopping.

yes i think this is true. Because if you earn more, you have more money to spend on leisures and such. But some people save the difference when they are still earning less. I have seen some people who really don't spend there money unless they find it reasonable and such.

I agree with you Scheng based from my experience. As we earn more our life style changes because we can now afford to spend on things that we can't afford to have before. It's because instead of savings first before we spend we tend to spend first and whatever is left that's what we save. So in the end it turns out nothing is left anymore for Saving. I have a friend who is very good in saving money. When he gets his salary he saves a part of that and whatever is left that's what he spends.

As I have observed it is true because their lifestyle also escalates. Once you have more than enough the urge and appreciation to buy something for yourself is always there present. Once it can be coped up with the budget then the desire forces you to have whatever it is you desire. However, priorities should always be considered and whatever is in excess out of your budget must be your consideration to satisfy your wants.

No.. i'm not agree.... it's all about discipline. Make a note how much did you spend in a month, try to raise your income but don't spend more than the note that you're making... so you can save more...