The word spend descends from the Latin “vastare” which means “devastate”. This term is used to define the action of using money on something, or of damaging an object with its frequent use. The word spend is always present in finance within the concept of utility, within the business, family and government sphere. A family group must know how to direct its expenses, so that the money (product of its income) reaches it and allows it to satisfy its needs and meet its debts. Spending money to pay for public services (electricity, telephone, cable TV, etc.) are some of the most punctual obligations that a family must perform.
Companies, on the other hand, spend on the payment of wages and on the purchase of inputs. Meanwhile, governments spend on the fulfillment of public works, so they must maintain strict control over it to avoid falling into a fiscal deficit.
Today spending for people represents a great dilemma, wondering if you spent on something that was really necessary or not, for this it is essential to know the priorities, so it is necessary to sit down and write what are the strongest expenses of the month, and If you later realize that your expenses were to meet your most important needs, then you managed your money correctly.
Here are a series of tips that will allow you to spend a little less and will make your money go a bit better: don't get carried away by it, since many times brands make you consume more, which means spending more. Always try to relate quality to price. Always try to find the best discounts. Before you leave, make a list of the things you want to buy. Bring your food to work, so spend if you can take your lunch.
If you want to invest, do it in things that are lasting over time, since generally a person spends on things that go out of style quickly (shoes, dresses, technological devices). A good alternative is to spend on furniture for your home, they are tangible objects that if you treat them well can last many years.
