What do you spend your money on?

Significance of learning how to spend money

Financial education tends to focus on how to protect, earn, and increase money, but we believe that usage is the main point of financial education.

This is because protecting, earning, and increasing money is ultimately what we do to spend it.

Therefore, if you don't know how to spend money, it will be difficult to be happy even if you have money.

If you are, you will understand the importance of learning how to spend money.

How to spend money

So how do they actually spend the money?

Here we will explain the three concepts in three different ways.

Seek Happiness

The first concept is to spend money in a way that makes people happy, including yourself.

This is obvious, but to understand this, we need to think of happiness in terms of life.

What are the times in your life when you feel happy?

Perhaps when you are playing with friends, spending time with people you love, helping others, or getting something you wanted.

I believe that everyone has their own form of happiness, such as

We should spend our money on those things that make us happy.

Therefore, although everyone has his or her own way of spending money, spending money by considering it from the perspective of happiness will increase the level of happiness in one's life and eliminate wasteful spending.

Spend your money on things that make you happy.

Thinking about the future

The second concept is to "spend money for the future.

Examples of spending for the future are money for investments and education.

Some people say, "Spend your money on the present, not on the future!" but I believe that by spending money on investment and education for the future to some extent, we can live happily throughout our lives.

Also, stability in the future leads to emotional stability, which in turn leads to happiness.

Therefore, some of the money should be used for future use.

Spend it on something you have to pay for.

The third concept is to spend money on things that have to be paid for.

The money that must be paid is the taxes and social insurance premiums.

These are the payments that pay for the happiness of society as a whole.

The difference between the first approach and the second is that you can decide to pay yourself or not.

Pay these monies with pride in paying them, and you will not have to feel bad about paying them.

You may find taxes depressing at times, but you should also try to live proudly and be able to pay taxes.

However, maximizing the tax savings you can make will give you more options for spending your money, so make sure you save on taxes.

summary

The significance of learning how to spend money led us to introduce three money-spending ideas.

I believe that by mixing the three ideas in a balanced manner, we can use money in a way that makes our lives happier.

However, these are completely up to the individual.

Since you are free to choose how you want to lead your life, we hope you will read about our ideas on how to spend money only as a reference.

I hope this will be of some help to everyone.