When an unmarried boy who stays alone gets Rs.40,000/- or Rs.50.000/- and there are no dependents on him, he feels he has good money and he will not hesitate to spend. But some guys who came up from difficult situations will understand the need for money and they will try to save something from their earnings. All depends on the financial position of his family and the environment in which he was brought up.
As a young boy when I started earning, I used to spend as required only and I used to send the remaining money to my father to support my family. That was a requirement those days as ours was a big family and my father was the only earning member. But now my sons earn a good amount and they try to be happy and never hesitate to spend a little more than required also as I will support them and they need not support me. The habit of spending will come from your family, I feel.
"Life is easier when you enjoy what you do"
Knowledge is power.
Although, young boys who come from humble background and have seen lack of resources tend to be more mature with their finances.
Those who have not seen hardships if life tend to be more extravagant and vice versa.
Infact the marketing trends compel you to spend money on luxuries rather than on necessity and savings.
It all comes down to an individual and most of them fall for the easy way i.e. spend without thinking. Here guidance of elders is very necessary.
Live before you leave.
Keep your Face to the SunShine
Living & Learning- simultaneous processes!
Success occurs when opportunity and preparation meet.
Lead the leader
Life is mixture of sad and happy. So we should save money for a safe life.