Five things to spend your money on.

[r_victory]

Household expenses and investments should be priorities for everyone. Maintaining the present and preparing for the future are essential. I have an emergency fund and a low-risk savings account (the return is higher than the standard in my country, which has an insignificant return). I have a smaller portion in medium to high-risk investments. Furthermore, I like to travel, but I try to spend as little as possible without being stingy.

They say we have to pay ourselves first, investing in assets and education, but for most people this is difficult. When you have a family to support, they become a priority, and you feel compelled to ensure their needs first.

Anything that is long-term becomes more distant than it seems. For this reason, most of my investments are short-term, with daily liquidity (I can withdraw at any time).

[l3pox]

the most interesting thing imo is that no matter what you build you'll have to be ready to let it go when the time comes
nobody lives forever (regardless of what the new rich want to build when it comes to longevity)
every satoshi you make will be left behind the moment you die, it's up to you to decide what to do with it while you're alive

Ahh 1000% I agree with you, because in the end the life we ​​have will be useless if not enjoyed, right? besides that we also need to create happiness for the people closest to us while they are still alive. Because it is useless to produce as much as possible but we forget how to make it a happiness.

exactly!
since I was a teenager I know that it's not about how long you live but how deep you enjoy it, and this is not just about having fun and going to parties of course, you can really raise your quality of life by doing hard stuff like going to the gym and some of the hard things like raising children are probably among the ones that will give us the most purpose as well

there's this point too that relationships are much more important than material stuff
have you ever read "the republic" by Plato? it's a great book

[Wakate]

5. Luxury. When I mean luxury, I do not actually mean it has to be expensive. But I say luxury because there are things that we do not need but still want to have or experience like traveling or eating at a good restaurant. I believe that even though we should be smart in finances this does not mean we have to completely deprive ourselves of enjoyment.

I don't know why you added luxury to the five thing we ought to spend money on because I don't see any reason for luxury since the money that should be spent on luxury can be use as emergency fund. In as much as we can still get the same quality without buying brand name all in the name of luxury then their is no need for allocating another extra fund for luxury.

We should be more interested in growing more businesses to secure a consistent means of generating profits on a daily basis without spending too much on unnecessary things we can always avoid that will bring no adverse effect.

[Wonder Work]

You are absolutely right that eating at home and cooking yourself is the most economical way to spend money on food, and you don't need to use food delivery or go to restaurants, because hygiene there can be different, and we eat this food ourselves. And then only our body is responsible for whether the hygiene requirements were met when preparing the products we ordered.

Yes, if we can cook our own food, it would be perfect. We purchase food from various fast food establishments, different types of restaurants, and roadside shops. We are unsure of the healthiness of these foods. We are not aware of the cooking process used by those who prepare these foods. Do they cook food cleanly or do they cook food haphazardly with dirty hands? We know nothing about these foods. These foods are highly detrimental to our bodies, not only harming our health but also incurring additional expenses.

Above all, if we can cook our own food at home, it will be the best. By doing this, we will be able to prepare our own food in a healthy way and we will be saved from spending various types of extra money. Healthy food is necessary for our body, if we cannot eat these healthy foods, then our body will eventually sit down. For this, we should always cook and eat healthy food at home.

[Unknown Op]

Household expenses and investments should be priorities for everyone. Maintaining the present and preparing for the future are essential. I have an emergency fund and a low-risk savings account (the return is higher than the standard in my country, which has an insignificant return). I have a smaller portion in medium to high-risk investments. Furthermore, I like to travel, but I try to spend as little as possible without being stingy.

They say we have to pay ourselves first, investing in assets and education, but for most people this is difficult. When you have a family to support, they become a priority, and you feel compelled to ensure their needs first.

Anything that is long-term becomes more distant than it seems. For this reason, most of my investments are short-term, with daily liquidity (I can withdraw at any time).

There are many people in the society who want to spend luxurious life and they have big goals. They are investing more money on different things like cryptocurrency and gold because they know that these could give them profit. Luxurious life is not easy because you have to pay high price bills and you have to give rent of shop and have to pay cost of petrol which will be use by car . First of all , there are three categories of people and these are people who are spending time on many things. Poor people always want be to be rich and for that purpose they are doing investment and they investing money on best things .Middle class people also want to be rich but they are spending more money on useless things and they are looking like rich people.

[Dark.Look]

5. Luxury. When I mean luxury, I do not actually mean it has to be expensive. But I say luxury because there are things that we do not need but still want to have or experience like traveling or eating at a good restaurant. I believe that even though we should be smart in finances this does not mean we have to completely deprive ourselves of enjoyment.

You may not believe it, but this part is the most important part, even if you want to be rich. You should eat well and sleep in a good house, this is how you give yourself a reward for the hard work you have done. In fact. Even if you just earn money and buy gold or invest in bitcoin or other assets, this will make you disappointed after months or years and this won't work in the long term. Because you have no motivation for your hard work.

[TopT3ns]

You are absolutely right that eating at home and cooking yourself is the most economical way to spend money on food, and you don't need to use food delivery or go to restaurants, because hygiene there can be different, and we eat this food ourselves. And then only our body is responsible for whether the hygiene requirements were met when preparing the products we ordered.

Yes, if we can cook our own food, it would be perfect. We purchase food from various fast food establishments, different types of restaurants, and roadside shops. We are unsure of the healthiness of these foods. We are not aware of the cooking process used by those who prepare these foods. Do they cook food cleanly or do they cook food haphazardly with dirty hands? We know nothing about these foods. These foods are highly detrimental to our bodies, not only harming our health but also incurring additional expenses.

Above all, if we can cook our own food at home, it will be the best. By doing this, we will be able to prepare our own food in a healthy way and we will be saved from spending various types of extra money. Healthy food is necessary for our body, if we cannot eat these healthy foods, then our body will eventually sit down. For this, we should always cook and eat healthy food at home.

We often find ourselves feeling hungry and wanting to be full very quickly. Instinctively we go for some of the easiest source of food to get, and without realizing, we have also conditioned our body to process something of unknown origin. I used to believe i did not have time to cook because we can just buy take away, however, once I learnt a little cooking I realized there is way more satisfaction in catching up to my food. We know exactly what we are eating, all the ingredients, even whether there are spices anywhere.

For me, I think when we choose to go down the path of cooking for ourselves, it makes a statement about who we are, and how we choose to nourish our bodies, that at times we may have overlooked. We do not have to master our learning, we can start with the simple things. Our bodies deserve good care, not just filling our stomachs for a temporary sensation. If we try to eat in the home, eventually our costs will be more sustainable. If we are calmer and calmer about eating, it could be because we know our food is filling and most importantly we know is healthy. All of these claims are not about cooking, but also about how we treat our bodies, with more consideration than less.

[AmaGold70]

I think that we should allocate our money into 5 categories.

1. Necessary expenses. I am talking electricity bills, food, school fees (if you are studying or have children), housing, healthcare, and transportation. I believe this group is where most of our money goes because we basically can't survive without these things.

2. Emergency fund. In cases of emergency, we should be able to get some money for it. Especially in countries where healthcare is not free, we should be prepared to pay if ever we get into accidents or we get sick though hopefully it never happens but still we have to be always prepared either way.

3. Savings. Some people save up for specific things like buying a better house, a better car, getting your kid into a better school among other things. Some people may just save for the sake of having money to pull for emergencies. I think emergency money and money I want to use into building a new home should be separate.

4. Investment. Aside from our day jobs where we get most of our money to pay for our necessary expenses, we should invest in assets to make our money grow. This could be gold, real estate or cryptocurrencies.

5. Luxury. When I mean luxury, I do not actually mean it has to be expensive. But I say luxury because there are things that we do not need but still want to have or experience like traveling or eating at a good restaurant. I believe that even though we should be smart in finances this does not mean we have to completely deprive ourselves of enjoyment.

This is a great setting for every responsible adult and every young adult that want to build a future. Personally, the emergency, saving and the investment part is the same for me because why do I need to save money when I get invest it in something meaningful and make profit from it, money for emergencies should be separate I get it but money for a new house and investment money would be together, money for emergencies should also count as money to give out to our loved ones (parents, siblings, friends, strangers in need) because we don't just make money to spend it on ourselves alone. Luxury? I only do affordable luxuries.

[Wonder Work]

You may not believe it, but this part is the most important part, even if you want to be rich. You should eat well and sleep in a good house, this is how you give yourself a reward for the hard work you have done. In fact. Even if you just earn money and buy gold or invest in bitcoin or other assets, this will make you disappointed after months or years and this won't work in the long term. Because you have no motivation for your hard work.

You are right because after all this hard work, so much income, so much suffering, we need luxury. Those who only work hard and earn an income without any luxury in life live like prisoners behind a concrete wall. We have to give ourselves time, and after working hard, we need a little joy or luxury. These remove our suffering and provide new energy to the body to do something good. Even if we are physically healthy, we need a little luxury to maintain our mental well-being.

[WatChe]

You may not believe it, but this part is the most important part, even if you want to be rich. You should eat well and sleep in a good house, this is how you give yourself a reward for the hard work you have done. In fact. Even if you just earn money and buy gold or invest in bitcoin or other assets, this will make you disappointed after months or years and this won't work in the long term. Because you have no motivation for your hard work.

You are right because after all this hard work, so much income, so much suffering, we need luxury. Those who only work hard and earn an income without any luxury in life live like prisoners behind a concrete wall. We have to give ourselves time, and after working hard, we need a little joy or luxury. These remove our suffering and provide new energy to the body to do something good. Even if we are physically healthy, we need a little luxury to maintain our mental well-being.

It's very important to maintain balance between savings and luxury, i.e.spending money on ourself vs saving money for future. Life is uncertain and we see on daily basis young people with good health die because of different reasons. It's important to enjoy what you have earned rather then saving everything for future. Moreover it's also very important that we don't spend too much money on our luxury so in older age we dont suffer because of lack of money at our disposal.

[Wonder Work]

We often find ourselves feeling hungry and wanting to be full very quickly. Instinctively we go for some of the easiest source of food to get, and without realizing, we have also conditioned our body to process something of unknown origin. I used to believe i did not have time to cook because we can just buy take away, however, once I learnt a little cooking I realized there is way more satisfaction in catching up to my food. We know exactly what we are eating, all the ingredients, even whether there are spices anywhere.

For me, I think when we choose to go down the path of cooking for ourselves, it makes a statement about who we are, and how we choose to nourish our bodies, that at times we may have overlooked. We do not have to master our learning, we can start with the simple things. Our bodies deserve good care, not just filling our stomachs for a temporary sensation. If we try to eat in the home, eventually our costs will be more sustainable. If we are calmer and calmer about eating, it could be because we know our food is filling and most importantly we know is healthy. All of these claims are not about cooking, but also about how we treat our bodies, with more consideration than less.

Let's say you understand and eat by cooking your food, it is a very good thing. You derive a different kind of satisfaction from eating your own food than from buying it. Did you not get this kind of satisfaction by eating food from a store or a restaurant before? You will know the scenario of cooking for yourself beautifully, and when you eat that food, you will be able to eat it with satisfaction.

By eating with satisfaction, you will not have any bad effects on your body. Through this, you will feel good and you are doing what is necessary to keep yourself healthy and strong. By doing this, you will maintain your health and avoid stomach problems. At the end of the day, we want to eat some good food so that we can live in peace. If we can eat with satisfaction, then a different kind of peace can be found in the body.

[mich]

Well for me I will only spend most of my money on the things that I do need. It is basic living things like my rent, food, and bills to survive. I do not have a emergency fund. But that is something I think I will need to have.

For luxury I do not buy alot of things. If I am going to buy something extra well then it will be more my nephews. Or if it is the holiday season I will buy some thing for my family but I do not have any real luxury items.

[Mr Reporter]

You may not believe it, but this part is the most important part, even if you want to be rich. You should eat well and sleep in a good house, this is how you give yourself a reward for the hard work you have done. In fact. Even if you just earn money and buy gold or invest in bitcoin or other assets, this will make you disappointed after months or years and this won't work in the long term. Because you have no motivation for your hard work.

You are right because after all this hard work, so much income, so much suffering, we need luxury. Those who only work hard and earn an income without any luxury in life live like prisoners behind a concrete wall. We have to give ourselves time, and after working hard, we need a little joy or luxury. These remove our suffering and provide new energy to the body to do something good. Even if we are physically healthy, we need a little luxury to maintain our mental well-being.

I think there is anything i have learned so far from this thread is to no the importance of balancing in ones life where real hard work pulse income are been completely complemented by moments of luxury life and joy i think the key point is that always allows your self time for relaxation and enjoyment which joy and luxury life at the same time can really give positive impact on ones mental health and humility longevity on earth most times the workaholic ones failed to understand that context of break and indulgence which provides new energy and motivation to start again.

[MissNonFall9]

I think that we should allocate our money into 5 categories.

1. Necessary expenses. I am talking electricity bills, food, school fees (if you are studying or have children), housing, healthcare, and transportation. I believe this group is where most of our money goes because we basically can't survive without these things.

2. Emergency fund. In cases of emergency, we should be able to get some money for it. Especially in countries where healthcare is not free, we should be prepared to pay if ever we get into accidents or we get sick though hopefully it never happens but still we have to be always prepared either way.

3. Savings. Some people save up for specific things like buying a better house, a better car, getting your kid into a better school among other things. Some people may just save for the sake of having money to pull for emergencies. I think emergency money and money I want to use into building a new home should be separate.

4. Investment. Aside from our day jobs where we get most of our money to pay for our necessary expenses, we should invest in assets to make our money grow. This could be gold, real estate or cryptocurrencies.

5. Luxury. When I mean luxury, I do not actually mean it has to be expensive. But I say luxury because there are things that we do not need but still want to have or experience like traveling or eating at a good restaurant. I believe that even though we should be smart in finances this does not mean we have to completely deprive ourselves of enjoyment.

Every person in the world wants to move from their current position to a better position. For this, the first thing that should be done is money management. And at the beginning of money management, it is crucial the analyze of income and expenditure. When a person's expenditure is less than his income, then the steps you mentioned will be ideal, not otherwise.

And when a person's income is more than his expenditure, then most people give priority to saving and investing rather than enjoying it. But from my point of view, it is not at all right as you said that a budget should be kept for luxury. Because if we review a little, almost all people in the society die leaving about 70 percent of their earned money unused. So a person must be equally interested or focused on luxury or enjoyment as well as necessary expenses, savings, and investments, which I believe will make him more active in his work.

[l3pox]

1. Necessary expenses. I am talking electricity bills, food, school fees (if you are studying or have children), housing, healthcare, and transportation. I believe this group is where most of our money goes because we basically can't survive without these things.

Most people this is where their salaries goes. There is no room for spending to luxuries or some things that they want to spend to. And that's why if they want to do those things as luxuries, they are looking for another job. So, having 2-3 jobs are pretty normal nowadays and the first job is the one that pays for the rent and food. The second job pays for the bills and then the third job is what pays for those things that you want to do. It's a tough life nowadays, most don't look to work-life balance anymore but barely survives.

and if the debt spiral keeps on growing this will probably get worse over time
since cost of living keeps going up but only the salaries of a minor part of the people keep up with it
it's crazy how we simply accept this system instead of looking for alternatives like bitcoin

[Versatile_choice]

Is that based on ranking? If so, the ranking looks accurate.

But I read a book that suggests a better approach, after you receive your income, it should be income → savings → expenses, instead of the usual way. It’s a way to discipline yourself and prioritize saving, because that savings will be the one to cover your emergency needs and future investments.

You're right about that approach, savings is supposed to come first before any other thing. You can't just start paying your necessary expenses after receiving your income, I feel that this isn't the right approach. even if surely we are going to pay those expenses but first of all we have to save and make a proper thinking on how we are going to split it so that it can also cover other things that is already in our budget, Because going with this approach would make us not to achieve most of our plans.

[rachael9385]

An individual who is old enough, that is making their own money, it's certain that they will have themself spending their money on the five things you mentioned on without hesitation or being told about it because as it is, it is our responsibility to pay our bills, take care of ourselves, prepare ourselves ahead for the unknown, plan, and set goals for future.

Every adult is supposed to know these things but not all remember to invest. It's easy to spend money but not easy to invest it and this is the most important thing to do. Any money spent on bills and other things is a minus but it doesn't mean that those monies are wasted though, the thing is if you don't have something that generates income for you after a long or short period of time you wouldn't have anything to spend

[l3pox]

An individual who is old enough, that is making their own money, it's certain that they will have themself spending their money on the five things you mentioned on without hesitation or being told about it because as it is, it is our responsibility to pay our bills, take care of ourselves, prepare ourselves ahead for the unknown, plan, and set goals for future.

Every adult is supposed to know these things but not all remember to invest. It's easy to spend money but not easy to invest it and this is the most important thing to do. Any money spent on bills and other things is a minus but it doesn't mean that those monies are wasted though, the thing is if you don't have something that generates income for you after a long or short period of time you wouldn't have anything to spend

how can we make it easier to invest?
I know some tricks
- think twice before buying stuff, specially things that are not really needed
- lock your money away investing in things with a bit less liquidity (not all your money, of course)
- pay yourself first
- plan and act on it, be active on your money management

[dunfida]

I think that we should allocate our money into 5 categories.

1. Necessary expenses. I am talking electricity bills, food, school fees (if you are studying or have children), housing, healthcare, and transportation. I believe this group is where most of our money goes because we basically can't survive without these things.

2. Emergency fund. In cases of emergency, we should be able to get some money for it. Especially in countries where healthcare is not free, we should be prepared to pay if ever we get into accidents or we get sick though hopefully it never happens but still we have to be always prepared either way.

3. Savings. Some people save up for specific things like buying a better house, a better car, getting your kid into a better school among other things. Some people may just save for the sake of having money to pull for emergencies. I think emergency money and money I want to use into building a new home should be separate.

4. Investment. Aside from our day jobs where we get most of our money to pay for our necessary expenses, we should invest in assets to make our money grow. This could be gold, real estate or cryptocurrencies.

5. Luxury. When I mean luxury, I do not actually mean it has to be expensive. But I say luxury because there are things that we do not need but still want to have or experience like traveling or eating at a good restaurant. I believe that even though we should be smart in finances this does not mean we have to completely deprive ourselves of enjoyment.

Every person in the world wants to move from their current position to a better position. For this, the first thing that should be done is money management. And at the beginning of money management, it is crucial the analyze of income and expenditure. When a person's expenditure is less than his income, then the steps you mentioned will be ideal, not otherwise.

And when a person's income is more than his expenditure, then most people give priority to saving and investing rather than enjoying it. But from my point of view, it is not at all right as you said that a budget should be kept for luxury. Because if we review a little, almost all people in the society die leaving about 70 percent of their earned money unused. So a person must be equally interested or focused on luxury or enjoyment as well as necessary expenses, savings, and investments, which I believe will make him more active in his work.

We are all thriving  to have a better life and thats why majority of us will be that looking into something that could possibly give out that kind of opportunity for us to achieve such goals on which of course it wont be that totally normal that you would be thinking up on how you would be starting up yourself on trying out to do things on which you do know that it would be something beneficial for you specially on the future. There's no way that we can be able to tell on what the future looks like but everything will be reflecting into the things that you've been doing and thats why its important that you do have that kind of consideration on wherever you would be spending your money on or simply into something which is more worth rather than on totally wasting it up into things that doesnt bring out that kind of opportunity on making you earn or something beneficial on your part.

Spending up will be entirely be depending be affecting on different ways or various situations on which its not bad on spending up into those things that we do want but it doesnt mean that we would be just that careless on what we are that spending. Everything should be in control and moderation as always on which this is the most important approach no matter what.

[Unknown Op]

We are all thriving  to have a better life and thats why majority of us will be that looking into something that could possibly give out that kind of opportunity for us to achieve such goals on which of course it wont be that totally normal that you would be thinking up on how you would be starting up yourself on trying out to do things on which you do know that it would be something beneficial for you specially on the future. There's no way that we can be able to tell on what the future looks like but everything will be reflecting into the things that you've been doing and thats why its important that you do have that kind of consideration on wherever you would be spending your money on or simply into something which is more worth rather than on totally wasting it up into things that doesnt bring out that kind of opportunity on making you earn or something beneficial on your part.

Spending up will be entirely be depending be affecting on different ways or various situations on which its not bad on spending up into those things that we do want but it doesnt mean that we would be just that careless on what we are that spending. Everything should be in control and moderation as always on which this is the most important approach no matter what.

I think health is more important than anything because if we are I'll then we cannot enjoy the facilities of life which are giving comfort to us in life . We faced different circumstances in the life and we should be aware of any incident which could be happen at any time, we should prepare for that . OP  highlighted five points but I think there should be more interested point which is health because we should eat healthy things which are healthy for our body.Saving is most important because if you are doing investment with no knowledge then you could be bankrupt at any time and you will be at on the road , so always try to save more money which you can .