Before we started making money, we lived a simple life and could pay all our bills without stress. Even with our low income at the time, we managed properly and saved. It's crazy to see that now, with more money at our disposal, we struggle to manage our bills and sometimes have to borrow money to pay them. We can't even afford to save anymore, and we believe the increase in the price of goods and services is the reason for our struggle, but that was not the case before.
Sometimes, making more money can be a trap. When you're broke, you create imaginary scenes in your head and fulfill them when you make more money. This can make it difficult to track your spending because you're busy fulfilling your fantasies and making them a reality. That's why people can save more when they're earning less and struggle to save when they're earning more. You end up buying and paying for things you don't need, blaming the economy and inflation. Instead of walking, you take an Uber; you spend more on food and everything else, just to enjoy luxury, putting your finances in jeopardy.
You level it
The issue we face is that we end up spending more as we try to maintain a certain standard of living. Sometimes, we set our standards so high that we leave no room for saving money. As our income increases, so do our expenses, and we create these additional expenses based on the life we want to live. Keeping things simple can lead to better financial outcomes. It's okay to seek happiness as we earn more, but the problem arises when our spending starts to impact our finances without us realizing it. The challenge in cutting down expenses often comes from our mindset and the belief that everything we're doing is essential.
Sometimes we live according to the expectations of society because there is a standard bracket for each earner. The more money you make, the higher your level in society. When we let society determine how we are going to live our lives, managing our finances becomes difficult. Sometimes it's not just society; it's us trying to live a life that we have pictured in our heads. This is why we can't save and also find it difficult to cut down expenses because we believe some of our expenses are normal in society. We also believe that some of our expenses are necessary because of what we have pictured in our heads.
how it is
Before we blame inflation or how little we are earning, we need to reflect on our past and present lives. We should be realistic with ourselves, cut down on things we don't need, and stop doing things just to feel important.
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