A person would be happy to save money, but here’s the problem: as soon as he decides to put aside some amount, it immediately goes towards some expenses.
But why does this happen?
Three factors play a role here: the high cost of living, low income, and human needs that need to be met.
The high cost of living is a situation in which a person can afford much less because goods and services are prohibitively expensive.
And if the prices in the stores are mind-boggling, then it is clear that a person will have to economize and even deny himself even the necessary things.
Low income is when a person does not have much money, so he or she spends it very sparingly, carefully, afraid to spend an extra penny.
A person's income depends on what job a person has chosen, how busy he is and what his plans are for the future, because if the income is not satisfactory, a person can easily change it, for example, find a job that pays more.
Human needs are what a person spends his money on.
A person's needs can be unreasonably high, for example, he buys expensive leather sofas instead of cheaper analogues, expensive clothes, and so on, but it also happens that a person's expenses are high, because he needs not only to buy food, but also to replace worn-out boots, pay for doctor's services, and so on.
You can’t skimp on your health, allow yourself anything and think that it’s right.
It turns out that money goes away because a person constantly needs to spend it on something, and when there is little of it, and life itself is expensive, then it is clear that there will never be an abundance of money.
However, this is not a reason to be upset, because every person should be able to plan their budget, learn to distribute money so that there is enough for everything.
Even with a relatively low salary, you can live normally and not deny yourself anything, but to do this you need to carefully monitor your health, dress well, and look for more economical and affordable options.
Money does not like to be treated carelessly, and it also flows away when a person does not have a clear goal and spends money intuitively, without any intention of saving it.
When a person clearly understands what he spends on, how to distribute his income, how to make sure there is more money, that is, has at least the basics of financial literacy, he will not have to lament that his income cannot cover any of his desires and aspirations.
Previously, I talked about how to manage a remote team.
