Youth is the stage of life in which independence and personal fulfillment are protagonists.
Young people pretend to have the world at our feet and it is through consumption that we reach the “power” to which we aspire since we were children.
Once we begin to receive our first income, our desire to stop using public transport, have dinner in renowned restaurants and surprise our family and friends with an occasional invitation, begins to have a real impact on our personal finances.
When we receive our first salary, our autonomy grows and I would dare to say that we falsely begin to believe that we have ceased to depend, generally, on our parents; Generally these first payments do not represent an exorbitant sum but for us receiving them is a symbol of satisfaction, control and triumph.
But what do young people spend our money on?
Faced with this question we have a reality: Young people do not save money from our first salaries, we spend it all. Being really low salaries if we compare them with the cost of living in the country, it is very difficult to save some money if what we have in mind is to consume goods and services to show our environment that we grew up, that we are autonomous and free and that we finally do Part of the consumer society.
Next we see the top of the most common expenses of the young people:
1. Fun activities: Travel, cinema, parties, weekend outings, plans with friends.
2. Shopping: Clothing, technological devices, gifts
3. Invitations to third parties: Lunches, dinners, events
4. Personal care: Spa, hairdresser, gym
Being young is related to fun and carefreeness
Which should not be a valid argument for not thinking about the future. It is true that nobody has a guaranteed life, but if we know that it is at this stage, when we begin to land our dreams and reach our goals and we should reconsider the way in which we distribute our money.
It would be favorable to evaluate which of these expenses are important and which are momentary; From the moment we receive our first income, savings should play a very important role if we want to achieve concrete future purposes such as traveling, continuing to study, buying housing or buying a car.
As long as we do not set priorities and believe that thinking about tomorrow is a waste of time we will continue to incur obligations that may lead us to lose and postpone our true ideals.
The solution will never be in the amount of money we receive but in the way we distribute it; Let us always keep in mind that “Poverty does not come from the reduction of wealth, but from the multiplication of desires.”