The psychology of money: Why saving is harder than spending

When we see big businessmen or very rich people, we also think that we should also become like them, but look, rich people have such habits which are not there in many people, they keep investing their money continuously and they invest their money in such a way that it keeps growing, but if we talk about a common man, he just keeps spending his money, he just spends his money on household bills etc. and if any money is saved, then he buys luxury things for himself. He buys it and uses it for his own benefit. See, it is not everyone's mentality; there is a slight difference. If a rich person invests whatever money he earns and uses the income generated from it to buy the things he wants to buy.

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But a typical person who is not rich, whatever money he earns, he just wants to buy that thing, and after that, its value keeps on decreasing day by day. Well, if you start saving, then gradually your account keeps on growing, and you are the one who benefits from it. If you keep money in your account, you earn interest on it. If there is more money in your account, then you will get more interest as well. If you improve your savings habit, then you get a lot of benefits in the long term. Imagine if you start doing it, if you start investing or saving a little from the beginning, then after years, your wealth starts increasing. If you use this page to purchase your luxurious items, you will likely never be financially free. You remain stuck in a loop, and it becomes very difficult to get out of that loop.

See, whenever you or any person gets money, they find it more fun to spend it on such things instead of saving because it releases dopamine. If you do savings, then no dopamine of any kind is released for that. You have to save in a disciplined manner continuously for a few years, only after that, you get to see some results. If your investment is big, then perhaps you will start seeing results soon, but if you are making small investments, then you will get to see the same kind of results.

Curd: Whenever you buy something, you get instant gratification, but if you save money, then this does not happen because whenever you see that there is a huge discount on any item on any platform or in any small shop near you, then a strange feeling starts arising inside you, and you want to buy that item. Sometimes we do not even need that item, but still we buy it from us because it is available at a cheaper price, and the big companies take full advantage of this and earn huge profits.

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If you want to change your mindset, then instead of instant gratification, you should keep a long-term vision, and if you can do this, then you will definitely benefit a lot. I too used to spend a lot earlier, I will not say that I have stopped everything now, I am still doing it, but I want to classify my habits and I want to save as much as possible and increase my bank balance so that I do not have to worry about money and then a day will come when if I leave my job, then I will be able to easily manage the expenses of myself and my family members. If I can do this, then it will be a very big thing for me.

Yes, getting used to the settings is a little difficult because not everyone is used to them, but once you start, you get used to them and can do everything. Look, in the beginning, we all couldn't believe that we could do it, but until we take the first step, we don't know what we can do and what we can't. So, if you want to save money or make a new investment, you will have to take the first step. With this, you will get a good start, and you will definitely see the results in the near future.

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