I was given a lesson by an economics teacher when I was in high school. If I have money, then I have to divide it into 3 parts; 1/3 for my consumption, 1/3 for my savings, and the last 1/3 for investment.
I can only really implement it since I work and have my own income. But only the first 1/3 of the section actually runs. The last 2/3 of the sections fail a lot because I don't know what to use. Deposits often leak and investments often fail—to be exact. You've talked about being cheated when investing, as I recall.
In my opinion, consumption and saving are actually the same. Only use what we need and leave what we don't need. If it is a need, then we must fulfill it; if it is not a need, then we must endure it. There is a stash that I don't touch at all, and it becomes my hold when I get stuck. Everything is possible, right?
There are also savings that must be diverted to the area of consumption, and that is often well planned. Save for consumption. I have to enjoy my life, a happy life, by enjoying the things I deserve to enjoy with my family. My fragile barrier.
Do you have an effective concept and are willing to share it to manage all of this, Sir?
This is the challenge, because the "needs" keep coming, but are they really needs? This is why making the division at the start can help, because it means taking out to act - a loss.
Perhaps everyone has always felt this way, but what has changed is the amount and cost of things we think we deserve. "I deserve an overseas holiday" - when not too long ago, it was "I deserve to have a day off". Quite a difference.
Yes, you are absolutely right, Sir. Quite a difference.
Needs a vacation, but makes a gaping hole to drain something deeper. You just need a vacation, you don't need something that makes you "tired" due to expensive holidays. Often, it's just a matter of prestige, and no one really needs it.
The use of a division in the beginning to measure the level of need and commit to what the division plans often fails, right?
If I understood what you said correctly - the division isn't the issue, it is the inability to evaluate our own needs in a way that we become active enough to commit.