TOZZIBLINKZ
VIP Contributor
It is almost accurately true that majority of people today worry about how much of your income should be allocated for their spending activities and this is because individuals these days are becoming wise enough to know that they have to save money and invest in as much as they spend . It is totally not a crime to spend money because when you spend money you have the chance of enjoying the good things of life but the overspending of money is definitely what we are trying to avoid by all means because when we overspend money we definitely show no gratitude for the income that we have achieved . To sufficiently and accurately manage the income that we have accumulated for ourselves we need to understand the importance of money management . To be able to answer the question of how much money should you spend you must first of all convince yourself on the reason why we need to not overspend money .
Like already mentioned over spending of money can leave us broke and poor as a result of not saving and investing . To avoid this you must cut down any unnecessary spending habits and what that means is that spending money on things you do not necessarily or importantly need and want . The key human necessity include food , clothing , and shelter and anything above these are just miscellaneous activities. Spending on miscellaneous activities and purposes should be done in moderation and not extravagantly or overly .
Like already mentioned over spending of money can leave us broke and poor as a result of not saving and investing . To avoid this you must cut down any unnecessary spending habits and what that means is that spending money on things you do not necessarily or importantly need and want . The key human necessity include food , clothing , and shelter and anything above these are just miscellaneous activities. Spending on miscellaneous activities and purposes should be done in moderation and not extravagantly or overly .