![20230218_181327_0000.png](https://i.imgur.com/Q1wBFGm.png)






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When we spend more than we own, it means we need to earn more than we spend if not, bankruptcy becomes possible and incurable. Being bankrupt mostly results from carelessness, most people in Nigeria imagine the worst of their finances when they're good enough. But they keep themselves in this Mental positioning because of the fear of bankruptcy.

 However, economics is majorly to manage resources. If everyone were wealthy without their spending spree having any repercussions, the principles of economics will make no sense. So, we create a sense of limitation or a line we cannot cross when it comes to spending, especially for people who have experienced the pain of having no emergency funds in their times of emergency. 




**However, it's not everyone that wants to spend less and own more.** There are bizarre people in the world, while some others care about safeguarding the future of their kids, some others just want to have fun and spend everything they earn. This means that people can choose to wear or own their worth, saving to some others is a mirage and that's why some people live for today, creating the external illusion that they're wealthy or that their bank account is fat and shapeless.

 It's bad to create a wealth illusion when the things we own don't reflect this phenomenon. It's also important to understand that one of the reasons we need to live minimally is because is to create the correct financial impression about us. 




For example, dressing flamboyantly is a status increaser. While some people truly do so because they have money, some people just do this unnecessarily for reasons that are not logical whatsoever. As a person who is seeking to attain some financial height, minimalism is important until we hit a milestone where some financial actions wouldn't come with consequences we cannot bear. 

There are indeed figures we might hit in life and everything changes, but if we do not get to these figures, we have to sharpen our spending culture and habit to a particular limitation. More so, in the journey of personal finance, I can say we're mostly learner, and hence more room for mistakes that becomes experiences in our lives.


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![20230218_181607_0000.png](https://i.imgur.com/QFJIlSB.jpg)


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 **In reality, not everyone knows the importance of minimalism in personal finance.** However, the more learned we choose to be, the better for us. It's mostly more advantageous to underestimate how much we're worth because it creates a sophisticated need for us to manage and cut down on our excesses. 2023 for me has started on a different note and one of the disciplines I've mastered thus far is hitting certain figurative milestones before spending certain figures.

 I think people make resolutions out of fear of becoming what they were and sometimes these resolutions act as reminders for us to be tethered to logic especially when we're meandering from reasoning to becoming irrational. 


Money tickles people and this is one of the reasons why people are advised to be disciplined. However, this is hard on its own. Discipline is difficult. Money creates a situation of emotional instability and this is why we tend to learn the act of discipline every day of our lives. 

However, this isn't to say we should be fearful of spending, the truth is that spending without a thorough understanding of our financial environment can set us back. In the journey of personal finance, how much we spend is irrelevant, the goal is to never hit bankruptcy either in an attempt to own or multiply what we have by sacrificing what we own or by being too careful not to lose what we already have. 





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> **Interested in some more of my works?**



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##### [The Nigerian Economy: Monopolizing Incompetence](https://hive.blog/hive-167922/@josediccus/the-nigerian-economy-monopolizing-incompetence)


##### [The Experiential Process of Understanding Money](https://hive.blog/hive-167922/@josediccus/mcxlpomk)



##### [A Case Of Theft On Hive: Here's Why Some People Choose Scam.](https://hive.blog/hive-153850/@josediccus/a-case-of-theft-on-hive-heres-why-some-people-choose-scam)









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![png_20230102_074302_0000.png](https://images.hive.blog/DQmeV2CFmYVojVvzuFv3ZDySDqjEg2qXhfJNTjmmi5uCTss/png_20230102_074302_0000.png)





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