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It's interesting to see the dichotomy here. Some people meticulously manage every penny, and others like you and me just make sure we spend less than we earn.
by abustamam 10y ago
It's interesting to see the dichotomy here. Some people meticulously manage every penny, and others like you and me just make sure we spend less than we earn.
I'm curious to see the financial status of everyone writing in this thread now though. As a person just entering the work force, I don't have much in the way of wealth so I know I'm not a good example here.
- nicolas_t 10y agoI've found that the best way to save money is not to manage every penny but manage your own expectation of what is expensive and what is cheap. A lot of people increase their spendings proportionally to their income so when they get more money, they acquire more expensive tastes, go to more expensive restaurants, buy more expensive cars and so on. It's an easy trap to fall into especially with peer pressure but if you can avoid it, then it becomes easy to spend less than what you earn without tracking every penny (or at least it's easy for most people here who tend to earn more than the median salary).