Striking a balance between short term and long term needs

[Good-Person]

When you want to use things for the long term, you need durable products, therefore, you might have to spend a little more money. If you are using things only for a short period of time, there is no need to spend a lot of money. Well, there are a lot of necessities that you need to buy for the short term. How much should you spend on necessities should depend on your income level.

Well, I have been trying my best to save money and saving money is not an option any more. In fact,k it is a necessity as of now. Even many rich people also need to save money as well. On the other hand, there are many rich people out there who tend to be much stingy. They end up saving much money, but they never spend money at all.

 

[Heatman]

The best way I have always used in this kind of situation is to always spend money on the things that I need which are my priorities and leave out the ones that are my wants.

I know I can easily do without them and there's no way you can always be able to afford everything you want with what we are facing in the economy of countries today.

 

[Good-Person]

The best way I have always used in this kind of situation is to always spend money on the things that I need which are my priorities and leave out the ones that are my wants.

I know I can easily do without them and there's no way you can always be able to afford everything you want with what we are facing in the economy of countries today.

Balancing needs and wants require a person to have self-control and enough willpower in the first place. A person must try to understand the importance of savings. In case if a person is addicted to shopping, then therapy may also help as well.

 

[Heatman]

Balancing needs and wants require a person to have self-control and enough willpower in the first place. A person must try to understand the importance of savings. In case if a person is addicted to shopping, then therapy may also help as well.

If you know what are your priorities, it is going to be very easy for you to balance whatever you need to spend money on and what you want to spend money on. This is because your priorities are going to be looking straight in your face which you cannot do anything but to take care of them before doing any other thing else.

 

[Good-Person]

If you know what are your priorities, it is going to be very easy for you to balance whatever you need to spend money on and what you want to spend money on. This is because your priorities are going to be looking straight in your face which you cannot do anything but to take care of them before doing any other thing else.

I think this is where self-control also plays a big role. There is a difference between your wants and desires. When you prioritise your wants and needs instead of what you desire, then things can become much better for you. In this way both of these things are quite related to each other.

 

[Heatman]

I think this is where self-control also plays a big role. There is a difference between your wants and desires. When you prioritise your wants and needs instead of what you desire, then things can become much better for you. In this way both of these things are quite related to each other.

Well, I could say that self-control and every other things gets checked when you're working on your priorities first. There's nothing that's going to make you put money in what's not the most important thing for you to take care of first. This is the power of using priorities in spending.

 

[Good-Person]

Well, I could say that self-control and every other things gets checked when you're working on your priorities first. There's nothing that's going to make you put money in what's not the most important thing for you to take care of first. This is the power of using priorities in spending.

Since there is a direct relationship between short-term needs and long-term goals, I would be really strict when it comes to the habit of saving money. Saving money is not only good for your financial position, but it is also good for your mental health as well.

 

[Heatman]

When you want to use things for the long term, you need durable products, therefore, you might have to spend a little more money. If you are using things only for a short period of time, there is no need to spend a lot of money. Well, there are a lot of necessities that you need to buy for the short term. How much should you spend on necessities should depend on your income level.

Exactly! The more you're making money is the more you have the possibility of higher spending power. This is why it's encouraged to have more streams of income. This makes it easy for you to spend more on long term project. A lot of people want to spend more on long term products but because they can't afford it, they settle for the short term one's.

 

[Nomad]

When you make money, your spending power also increases., That's why it is very common to see people spending a lot of money once they start earning well. It is their money, it is their choice. However, I believe you need to spend more money on things that you will be using for a long time and less money on things that you plan to spend on a short term.

 

[Heatman]

When you make money, your spending power also increases., That's why it is very common to see people spending a lot of money once they start earning well. It is their money, it is their choice. However, I believe you need to spend more money on things that you will be using for a long time and less money on things that you plan to spend on a short term.

Wise and smart spending is what it's called because having to spend more on products and items that are going to last longer is going to cut out frequently spending money on the same thing over and over again within a short period of time. The products might be expensive but they saves you more money on the long run.

 

[Good-Person]

Wise and smart spending is what it's called because having to spend more on products and items that are going to last longer is going to cut out frequently spending money on the same thing over and over again within a short period of time. The products might be expensive but they saves you more money on the long run.

When it comes to balancing things, it is very crucial to understand the importance of your priorities. This also includes long-term and short-term priorities as well, as both of them might be or might not be related to each other. When you save money you have to keep this thing in your mind and understand its importance.

 

[Heatman]

When it comes to balancing things, it is very crucial to understand the importance of your priorities. This also includes long-term and short-term priorities as well, as both of them might be or might not be related to each other. When you save money you have to keep this thing in your mind and understand its importance.

Personally, I will never make anything that's not going to have more positive impact in my life a priority. Working on your priority is always going to make it possible for you to cut out all the unnecessary expenses you needed to avoid and then use the money for something better.

 

[Good-Person]

Personally, I will never make anything that's not going to have more positive impact in my life a priority. Working on your priority is always going to make it possible for you to cut out all the unnecessary expenses you needed to avoid and then use the money for something better.

I am quite sure that different people have different kinds of priorities and the priorities may change. Just because something is your priority, this does not mean that it is necessarily good for you. Many people have priorities that may never benefit them financially.

 

[Heatman]

I am quite sure that different people have different kinds of priorities and the priorities may change. Just because something is your priority, this does not mean that it is necessarily good for you. Many people have priorities that may never benefit them financially.

Personally for me, anything that is a priority which I have seen and mapped out is always good for me because I know the things that are supposed to be good for me that are my priority. It's what I am going to dedicate my effort towards making it to become a reality because I'm at the age where I should know what is good or bad for me when it comes to business and finances.

 

[Gilead]

That is when Goal settings takes place. Effectively and efficiently setting of targeted goals will go a long way in helping how one could prepare for short term and long term needs, and also emergency needs as well.

 

[Heatman]

That is when Goal settings takes place. Effectively and efficiently setting of targeted goals will go a long way in helping how one could prepare for short term and long term needs, and also emergency needs as well.

Setting your goals right will focus what's most important in your schedule and leave out the minimal impact one's. Achieving the important goals will actualize your desired results quickly. It doesn't matter if they are long term or short term goals, focusing on them will prevent wasting time on unnecessary things with low impact results.

 

[Gilead]

Setting your goals right will focus what's most important in your schedule and leave out the minimal impact one's. Achieving the important goals will actualize your desired results quickly. It doesn't matter if they are long term or short term goals, focusing on them will prevent wasting time on unnecessary things with low impact results.

I know right!. Time management as you've mentioned is also a very vital factor one needs to take into consideration while setting short term and long term goals. It also speaks well to be disciplined enough to keep to time.

That is why I always advocate that people strive to increase their source of income Rather than saving for the future as inflation might reduce the value of what you think you are saving

Yes you are right, but not just admonish people to save but also to invest. Saving in an economy where inflation affects the exchange rate all the time tends to devalue such savings. Hence ,people should save and invest those savings to yield profits.

 

[Debashis]

Striking a balance between short term and long term needs is crucial for sustainable success. While short term goals focus on immediate results and profits, long term needs consider the broader impact on growth, stability, and reputation. Balancing these two requires strategic planning, setting realistic short term goals that align with long term objectives. It involves making informed decisions that prioritize both immediate gains and long term sustainability, ensuring a healthy equilibrium between short term wins and long term growth.

 

[Good-Person]

Personally for me, anything that is a priority which I have seen and mapped out is always good for me because I know the things that are supposed to be good for me that are my priority. It's what I am going to dedicate my effort towards making it to become a reality because I'm at the age where I should know what is good or bad for me when it comes to business and finances.

Priorities of different people change by the passage of time. For many people, there were certain priorities in their lives. However, now people may prioritise different things. Money may also play a major role. So, in case if you think you may never prioritise a certain thing in the future, then it is much better to never invest in that thing as it may never be beneficial at all later in life.