I believe that when people have no money, or little liquidity, many of them refrain from making large expenses or investments because of the fear of running out of cash.
But in the opposite case, when they are financially solvent, they tend to handle money in a different way, in things that are not necessarily important or vital for their day-to-day functioning.
And this is the biggest mistake that can be made with respect to the use of money, because when we learn to manage ourselves with scarcity criteria, during periods of economic solvency, we can achieve a change not only in our mentality but also in our future economy.
Acquiring a house, a car, a land, for example, will always be advisable, since it does not depreciate so quickly and it is also an investment that can be profitable later on.
But if at the moment of having enough money we spend (not invest) in superfluous things such as parties, trips, invitations or gifts product of vanity and not of logical thinking, we can quickly go from solvency to scarcity.
How to start the change of thinking?
A point that we can use to our advantage is to take advantage of what we can acquire at a bargain price, or in installments, always checking the convenience of the purchase prior to the purchase.
Buying food wholesale and not retail, is a good way to not only save a little money, but also have the security of being able to meet the daily needs within the household.
In economies where inflation is progressively increasing in a very short time, it will always be a good move to take advantage of the offers, and to keep at home, that which is of continuous use or that can serve to solve in times of shortage.
A clear example, product of my own experience, was when I acquired my first home. At that time, to complete the money for the payment of the pre-sale installments was a little uphill, due to the other daily expenses, a child in school age and an advanced pregnancy, however, by applying saving strategies I was able to complete month by month the necessary money to comply with the payments, obtain a bank loan and acquire the house.
After that, in a very short time, inflation in Venezuela skyrocketed exorbitantly, and the selling price of the property that I had acquired with so much sacrifice, became derisory! It was practically nothing compared to how it looked when we were starting the whole purchase process.
Making this type of sacrifice will always bring benefits in the medium or long term, as long as it is done with awareness and knowledge. An investment of this magnitude cannot be anchored to someone's recommendation, or without having seen what you are going to acquire.
But in a closer case, we can begin to create a change of thinking, for example when we go to buy food, if we get the non-perishable type on sale it will always be a good option to acquire them, previously checking the expiration date, the need we have for the product or if it is of common use at home.
Things such as toilet paper, rice, noodles, jams or canned goods are products that can be kept for a long time and that we can keep at home.
Thinking before acting is the key when managing. Always using the criteria of scarcity will give us the possibility of having resources in times of urgency.
This does not mean to be selfish or stingy, but to understand that money must be used wisely and responsibly.
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Edición/Edition by: @mamaemigrante
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