Relationship between cost of living and your spending habits.

[TOZZIBLINKZ]

There is indeed a thick-obvious relationship between the cost of living of a particular society and their spending habits of a particular individual and although a lot of people do not see this link or relationship between these two but yet is totally exist . By definition the cost of living of a particular society simply refers to the amount of resources a particular individual should have so as to live life freely and satisfactorily in a particular society , for what we know when the cost of living increases an individual spending habits totally decreases especially if he or she is of the low income earners category , on the other hand if the cost-of-living increases an individual's spending habits totally increases even if he or she is of the low income earning category or possibly on the high-income earners category . The cost of living of a particular society must be totally conducive for the low-income earners to spend money so as to acquire the wants and they needs they desire .

In a country like Nigeria the cost of living is totally increased and it has totally made it very hard for a normal individual possibly an individual on the low-income and in particular to leave his or her life without issues and problems . Nowadays people over here do not spend money on things they think it's best for them to have or own , but rather they spend money only on things that they need to survive , and that includes the essential part of food , clothing , and shelter .

 

[CALVINDOL]

There is indeed a thick relationship that exist between our spending habits and also the cost of living that possibly organises the area of the country in which we reside and live . The cost of living of a particular country or society simply means that amount of money that a particular individual have to spend possibly in a particular day or even week so as to satisfy his needs and wants as expected and as planned and in some regions and countries of the world for example Nigeria to be precise , the cost of living over here is definitely high and a lot of individual as spending more than what they should so as to satisfy their important wants and needs which possibly include food , shelter , and clothings .

In the case of this situation majority of Nigerians are totally spending their income only on things that they find important to their needs and wants not on things that they feel they should have anymore . Personally there is no sign that the cost of living in Nigeria will reduce but to be sincere All Hope is not lost because we Nigerians are totally looking forward to the time where things will go back for the better .