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LightTrusted Adviser
Asked: July 6, 20242024-07-06T18:51:08+00:00 2024-07-06T18:51:08+00:00In: Money & Business

Why do People Consider Money Management After Lavishing?

Money Management is something most people don’t even remember until they get to the bottom of their pocket. You should learn to mage your money because of you don’t do, no matter how much it will be exhausted in a short period. Why do you think people are conscious of saving or managing their money  after they exhausted the money?

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3 Answers

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  1. Carpon
    Carpon Expert Mind Hustler
    2025-08-09T17:22:16+00:00Added an answer on August 9, 2025 at 5:22 pm

    I think it is majorly because people do not see the need unless they find out that the are in a mess and mostly you find that most of the things that will have been helpful at some point, people never discover or use it unless they have a taste of doing without it Experience they say is the best teaRead more

    I think it is majorly because people do not see the need unless they find out that the are in a mess and mostly you find that most of the things that will have been helpful at some point, people never discover or use it unless they have a taste of doing without it

    Experience they say is the best teacher and sometimes it becomes the only teacher because people can never learn unless it is in the hard way a times

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  2. Abigael
    Abigael Trusted Adviser Abigael
    2024-07-10T02:46:43+00:00Added an answer on July 10, 2024 at 2:46 am

    Most people start thinking of managing money after they have lavished it because they end up feeling a pang of regret. They feel guilty that they have spent on useless things, they have not achieved anything tangible with the money and they still have a future where they could not make such an amounRead more

    Most people start thinking of managing money after they have lavished it because they end up feeling a pang of regret. They feel guilty that they have spent on useless things, they have not achieved anything tangible with the money and they still have a future where they could not make such an amount again.

    This feeling is usually so bad, it drains you. It is best to learn from it when it happens. That way, the next time you make money, you will try your best to manage it well and invest on assets.

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  3. spencer
    spencer Enlightened Mentor
    2024-07-07T16:54:21+00:00Added an answer on July 7, 2024 at 4:54 pm

    It is for the sole reason that the novelty has wear off, you have lost the money and there isn't much you can do at all, then you start rationalizing the money you spent and how you could've done it better. Then you start considering how to manage the money the next time you get them in order not toRead more

    It is for the sole reason that the novelty has wear off, you have lost the money and there isn’t much you can do at all, then you start rationalizing the money you spent and how you could’ve done it better.

    Then you start considering how to manage the money the next time you get them in order not to make the same mistake, it’s a psychological warfare.

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