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People have to use much, as there are many living expenses. The process of money spending is very serious and for some people this process is uncontrollable. The people must have serious attitude to the money spending and must be accurate with this process. There are some persons which spend the money on useless things and buy the goods which they do not really need. The reason of some people tospend the money is just a process.
The habits of money spending develop during the young years. The young people must have money limitation and to control their spending. If young people have much money, they can collide with the problems with the finance in the future.
To develop the skills of money management and budgeting the people have to prepare the week, month and year budget and toinclude into this plan all the probable incomes and expenses.
First of all you have to learn how to control your money. To learn to do it, you have to write down all things than you buy and pay. In the same time you will determinate with your main money habits. If they are good, you have to develop them. If they are bad, you have to get rid of them.
If you have a habit to overspread money, try tocontrol all you spending every week and write it down. The habit to spend money without thinking can cause financial problems and huge debts. If you will save, you will accumulate big sums. If you have many debts, you can consolidate them and make the process of debt repayment less complicated. In the case of debt consolidation the interest rates are lower, the system of repayment is easier and moreattractive and the debtor has to make only one payment a month. Besides you will have a chance to improve your credit score.
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When I was a kid growing up in central New Jersey, I had relatives who lived near Atlantic City. To visit them, I could get a bus not too far from my house that was nearly free.You paid for the bus, but then got a voucher from one of the casinos for $10. When you got to the casino, you could cash in the voucher, and they would give you a roll of quarters worth $10.
Why did they give out quarters?
Quite a bit of research suggests that the form of money that people have affects the way that they spend money. From an economic standpoint, every dollar is just as good asevery other dollar, whether it is a coin, a bill, or a number stored in a bank that can be accessed by a debit card. Psychologically, though, the form of the money you have affects what you will do with it.
There are at least two things going on here.
First, there are transaction costs with money. A transaction cost is any cost (in money or time or effort) that is required to spend money. Thecasino gives you quarters, so that you can immediately unroll the quarters and dump them directly into a slot machine. If they gave you a $10 bill, you would first have to change it into coins to use in the slot machine. That extra effort would make it less likely that you would play the slots. That is the same reason why bartenders give you your change in dollar bills. They hope that you will stuff afew of them in the tip jar (which you should, they work hard).
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Second, research suggests that the size of the bills that you are carrying affects how likely you are to spend and how much you spend. A paper in the December, 2009 issue of the Journal of Consumer Research by Priya Raghubir and Joydeep Srivastava looks at this issue. In a number of studies (many of themlooking at real purchases), they found that when people had money in larger bills, they were less likely to spend money than when they had money in smaller bills or coins. Of interest, though, once people decided to spend money, they tended to spend more money when making purchases with the larger bills than with the smaller ones.
The authors of this study interpret the results as arguing that...
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