The Spending Habit that could change your life positively

Kishore Vishwa
5 min readJun 5, 2020
Image by StockSnap from Pixabay

“Piling up of things” is an old trend especially when you’re travelling to a new place. Everything is available everywhere. Reason- Globalization.

International support, Technological advancements, adaptable fashion, and a lot more to live a routine are easier in life than never before irrespective of the place.

Regardless of the negatives of it like pollution, peer pressure to succeed, global nuisance, and imbalanced life of many, it has positives like Global opportunities, ways to quick success, awareness towards one’s life- physically, mentally, and Financially; exploration, and a lot more.

This method comes with a common formula, “Money”. It could differ from Dollars’ to Yens’, but the formula (the concept of money) remains the same. This formula was later categorized to a new word, “Spending”.

The common ideology of spending

There have always been thoughts on saving and investing. From the richest man in the world to the beginner in earning, everyone talks/thinks about, and advise others on either savings or investments.

In cases of advice, people let their words to fall only on what not to buy. So, there’s always been a dilemma with people when it comes to “what to buy”. One may think about buying only the needs and clear everything in the wants.

Psychologically, when you decide to spend on something even in the needs list, you’d eventually spend on your wants list as well, unless you’re one good miser.

Also, this habit of spending would bring any human (who’s earning) into the trap- debt. In modern times, especially where lending money was a legalized business, it is not easy for someone to be debt-free.

From high paying white-collar jobs to the least paid workers, almost all the sustainable revenue generators are under debt. How they are trapped in that?

The basic mentality of a human being is- to wish for something better than it already has. In fact, this is the reason for every development and changes that had taken place. The problem is- this mentality won’t settle for anything.

You push to a limit, and then you set a new limit from there. As long as people are there in this mentality, they’d do anything in their limit to upgrade themselves without risks. This is why people spend from 1/3rd to 2/3rd of their income in spending and EMI, thinking that they are levelling up. No matter how much someone earns, if it didn’t choke their neck, then they would go carefree until that day comes.

This mentality comes under unregulated spending habit, and this is where all habits of saving and even investing fail miserably.

Mental frustration by spending

“if you buy things you don’t need, then you will soon sell things you need”-Warren buffet

Most of you would have come across this quote. It has a strong psychological and scientific connection with one’s development.

Because if a person buys something, he/she doesn’t need, then they are not clear about their needs and don’t’s. Everyone would realize that something is being useless or used less for the value spent at some point. So, they either try to sell it or would start to spend time with it.

1-if they sell it, then they would again go for something to buy with that amount

2-if they start to use it, then spending time on unnecessary things would make a person to lose focus on their needful track, and they eventually become unsuccessful individuals. This will trap them in unwanted debts, so, they have to sell their valuables even it is the most needful one to be debt-free. Or to be free from the stress.

This is the hidden Psychological meaning in that line.

2nd point was the exact condition for many individuals to get into a mental frustration for getting diverted in track and losing time. It won’t stop there; they regret that decision, often, and curse themselves.

The value for money concept

Spending is inevitable. One cannot earn and simply live by not spending. Even if a wonder like that happened, then the value of his/her life would be no more than “0”.

Whatever the plan on savings and investments maybe, the rest would go on spending. Doesn’t matter what you spend, it just goes, and goes. This habit has a connection with a psychological aspect as well. If you had saved or invested some money, then the relief or the proud feeling from that would let you spend like never before.

There’d be no stress to stop it at any point. This becomes obsessive over-time and ruins one’s character.

To avoid such problems and to buy anything from one’s wants list, one has to follow a few simple rules:

1. Could you buy it twice with what you have (not borrowing)?

2. Do you find the price reasonable for that product?

3. While disposing of it- What would be value spent on it? And, is that justifiable?

These are the questions one should ask themselves while choosing to get a product that’s in their wants list. A financially wise person would definitely consider these things before considering spending.

After discussing and analyzing concepts and formulas with successful entrepreneurs’ and investors’ (of 2-decade experience), I had given a 15% formula on saving and Investing in Non-returnable assets and liabilities.

If you’d like to expand your dimensions on becoming a wise person with money, then give it a try to let me help you in your path from my experience. [click here].

The Lockdown spending habit

You could’ve seen, or been someone who chose to be a miser for sometimes and then got out from that habit by spending lavishly.

This happens when someone saves for some time. After a period, they feel the completeness to afford something which was in their wants list for a long time. Once they decide to spend on anything like that, they’d not stop until they go cashless.

If that urge was strong, they would even go for borrowing to acquire that. This is the result of stagnation for a period, or [bursting out after a tight control].

People are in the same kind of situation who still earns in the lockdown period. For months, they might have acquired money. If the control or the rationality on spending was not there, then the habit would gulp them down in a short run with all their savings as well.

So, once the lockdown is over, I request you to be wise about what you spend.



Kishore Vishwa

Focusing on social-issues and the psychology behind.