Part 3/10:
Another significant issue many face is the societal influence that drives spending habits. The adage, “comparison is the thief of joy,” holds particularly true in this context. We often gauge our financial health against the perceived wealth of those around us, forgetting that what is publicly displayed doesn’t reveal the full picture.
With social media emphasizing consumption over saving, many may find themselves caught in a cycle of unnecessary spending—buying new clothing, gadgets, and experiences purely to keep pace with friends and influencers. To break this cycle, focus on normalizing savings and prioritizing them over material goods. Living within your means includes setting aside funds monthly for savings, not just managing to spend your entire salary.