Are you spending more than what you are earning?

@yugasini (12836)
Anantapur, India
October 2, 2009 8:10pm CST
hi mylot friends, Money is linked with our lives,without money we cannot do any thing and we cannot live a single day without money and we cannot depend on others,so we have to secure our life and for future days also,we have think about our family ,they can lead good life after our death also,so spend wisely within the limit of our earnings,happy mylotting
2 people like this
9 responses
@greenline (14864)
• Canada
3 Oct 09
Hello Yuga. How are you ? I try not to spend more than my earning. Some times, with unexpected expense, it might exceed. But, otherwise , I keep the expenditure below earning. I keep a record of my daily expenses and keep a watch on that. You are doing very well too, spending wisely. That is very important and necessary for short and long term.
1 person likes this
@yugasini (12836)
• Anantapur, India
3 Oct 09
hi greenline, thanks for the response,saving it is also an art,everybody must save money and gold for future needs,nothing will be given by your relatives or freinds,you have to get your own money,have a nice day
• China
3 Oct 09
well, firstly I would like to say, without money, I can live, but only for a short time, I can live through friends' help, but they won't help me for a while life of course, Luckily I earn more than most of my friends, I can live on my own. And about your question, yes ocassionaly, I sometimes would spend more than what I earn, because some unexpected would happened, like I happen to see something I really like and eager to buy, or my friends getting married, I will have to handle the "red bag", means putting money in and red bag and give it to the new married people... girls around me are all marriage-age, so I will have to prepare for this...
1 person likes this
@yugasini (12836)
• Anantapur, India
3 Oct 09
hi mybeatrice, thanks for the response,first time i am hearing about the "red bag",here this type of thing is there in previous days,now it is diminishing most of the persons attending marriages offer some money or gift to the couple,but they give separately for girl and boy,boy's friends and relatives will give to boy and girl's friends and relatives will give to girl,have a nice day
• Philippines
3 Oct 09
I do not spend more on what I am earning right now. Usually, I spend a little for some things and I seldom buy clothes and shoes for myself. I think more of my future and I try to save money in my bank as much as possible. I do not want to depend on my family so I do my best. I travel abroad for vacation sometimes but I still make it sure that I have savings in the bank. I am more to sightseeing during my travels and not much shopping though I buy some souvenirs only.
@yugasini (12836)
• Anantapur, India
3 Oct 09
hi sophie, thanks for the response,where ever possible you try to save and curtail the expenses,by that you can save something,no body will pay you,if you are in doldrums no body will help you,so spend wisely and save money,have a nice day
• Philippines
5 Oct 09
You have a point, thank you.
@eseomame (1146)
• United States
3 Oct 09
What u have said is definitely true, but the thing we know is that it's easier said than done, at least for me. i try o hard to save, but in the end, i blow it all up saying "money is meant to be spent", just to console myself.. isnt that something?
@yugasini (12836)
• Anantapur, India
3 Oct 09
hi eseomame, thanks for the response,you invest in such a thing that cannot be withdrawn at least for 5 years(locked period),so that you may not have chance to with the draw the same,that will be your savings,have a nice day
@eseomame (1146)
• United States
4 Oct 09
that's a very good idea, especially with big cash!! thanks.
@PeacefulWmn9 (10424)
• United States
4 Oct 09
Hi Yugasini. I got rid of all my credit card debt and now spend only what I can afford. I also put small amounts into savings whenever I get the chance. Cutting back on all but necessary expenses has helped a lot. So now, I spend less than what I earn! Yayyy! Karen
@yugasini (12836)
• Anantapur, India
4 Oct 09
hi karen madam, thanks for the response,you intelligent than me so i hope on you that you spend wisely and but about the income i could tell how much you are earning,that is according to the fate earning can be done,have a nice day
• Philippines
4 Oct 09
yes, at times. i consume what i earn for a month sometimes. there are exigencies that i need to attend to and priorities which need first-hand attention. it is not easy to be both father and mother to 3 children. but i still consider myself lucky because we are not asking help from anyone nor with unbearable debts.
@yugasini (12836)
• Anantapur, India
4 Oct 09
hi moneymakingtoday, thanks for the response,i is great that you are living what you are earning is nearly same,you seems to be a budget person in spending ,keep it up,you can also save some thing,that will help you in rainy days,have a nice day
@vandana7 (70736)
• India
3 Oct 09
Hi yugasini, my opinions here are based on my experience. If u have a lot of money in liquid form, u will have a lot lot of friends and relatives asking u for it! They will have a lot of comments on how u r spending! So rule number one, if u want to leave something for ur children, have it in real estate, that way u have to pay on mortgage, and cant really spare, and people cant really complain. Rule two, if u have some to spare, which u must occassionally, after all we all live only once, u should not flaunt it. Be as discreet as u can get away with. People shouldnt get a whiff of how u r enjoying, or what u have bought for urself.
@vandana7 (70736)
• India
3 Oct 09
I forgot to add - if u dont spend on urself something - u will be trying to control a younger person spending on some enjoyment at a future date considering it as waste! And that will start some resentment. My way of thinking, enjoy while u can, while ur bones let u climb those flights, so that when others are enjoying the monies u earned for them, u r not resenting it. Of course, as u pointed out, do it in moderation, with consideration for ur old age and children's future. There is a line between being a miser, and being normal. :) I believe if u r not happy, u cant really make another person happy, because u dont know what it is in the first place. So know what it is as well. :) Here is to wishing u happiness, and comfortable old age. :)
• India
3 Oct 09
As of now yes. am spending more than what i am earning. but i have decided from now on I save something for my future and future generation.
@yugasini (12836)
• Anantapur, India
3 Oct 09
hi ajayrocks, thanks for the response,i have seen ups and downs in the life,several times in all these years,it is better to save some funds for the rainy day,any how you have decided to save something,have a nice day
@patofgold23 (5075)
• Philippines
15 Oct 09
no i dont think so..i guess i am very wise when it comes to spending my money... i do keep track of my money...