HOW THE POOR SPEND MORE THAN THE RICH
I always find it very interesting when I meet new people, because it doesn’t happen every day for me, as per being a "shy person" and all that (Oops!🥹 God knows I want to stop using that word to describe myself, but for now, let’s move on🌝)
So, I met this really nice lady at my school mother's apartment when I went visiting three days ago. She was so free with me, like she knew me on a personal level before that time. It didn’t take me much time to vibe with her as well.
We were having a conversation two days ago and one thing led to another,and then we found ourselves talking about how the poor actually spends more than the rich. We did the math and assessed many scenarios, and this got us like ‘Wow! Just wow’
Although, before now, I had thought about it randomly, but talking to someone about the same topic brought forth more revelations.
So, according to our evaluations, the poor actually spend more than the rich. I mean, when it comes to actual necessities and basic things everyone needs to have. She told me how she visited someone, and when she was taking a tour around the house, she saw a separate room that was filled with foodstuffs in bulk. Really large quantities this time around. She said, and I quote, ‘I have seen stores with foodstuffs before, but this one was exceptional. I had never seen something like that in my entire life’.
She said the person has food and food items that can last up to a year and even beyond. According to her, there was everything in that room--Bags of rice, Kegs of vegetable and palm oil, noodles in cartons, salt, tomato paste, etc. The funny part is that the person would have definitely gotten everything at a subsidized rate. So, even if things get more expensive during the course of the year, he would not even flinch. That’s soft life!🥹
Now, Imagine someone buying the same food items little by little throughout the whole year. By calculation, much more would be spent compared to the amount that bulk food items would have cost.
Don’t get me wrong though, I am not looking down on people that can’t afford these things at once (Even myself or my family can not do that at the moment, where the money dey?😂). Because at the end of the day, not everyone can afford to buy these things at once. If we all had access to that kind of soft life, who would hesitate to explore it? I am sure no-one would mind living in comfort But then, the fact still remains that, when it comes to certain things, the rich actually has an advantage over the poor to spend less than them.
She also mentioned this other scenario where a friend of hers does data subscription that can last for a year. Another beautiful thing about this plan is that, apart from the fact that it comes at a discounted price, it also includes some side attractions.
She then proceeded to calculate how much she spends on data in a year, due to the nature of her job. Guess what guys, it was 2x the amount her friend spends on data per year. In fact, it was at that moment that she realized.
The funny thing is that she might even be able to afford that annual data, but it would be hard to just pull out that huge amount at once for mere data, not knowing she would actually spend more in the long run. Well, I am sure she knows better now.
In a way, that conversation will have a lot of effect on the way I approach matters concerning the purchase of goods or services. If I am able to afford something I need in bulk, I would not hesitate to buy, even if the price appears to be too much at that moment. Soft life! (Hashtag thinking of the future😂)
I would have loved to go on and on, talking about other scenarios that support my claim, but then, I would love to hear from you as well. Do you also agree that the rich actually spend less than average or poor people do? Why?
Thank you so much for reading❤️
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Hahaha, everyone is now the shy type... Okay oh.
I have had this discussion with my uncle last year and we analysed it and it's really true but then the poor are poor for a reason... They too night have these grand ideas but then, the resources is just not there.
Great post dear
Lol, I am actually a shy person, but I am currently working on it.
Oh, good to know you also thought about it.
Yeah, exactly. That’s like the major constraint.
Thank you so much🥹, and thank you very much for reading😊🙇♀️
You're welcome
An interesting read it was. Something that is happening in front of us all the time but we do not notice/think about it.
I think it is all about resources. Rich people have resources to buy and save them. It makes them capable to store what they want at the right time.
There is another point I would like to add. This habit of rich people to stock more than their current need is something that makes poor to spend more. How? There is simple formula of demand and supply. When people stock more than their needs, the supply decreases for the current time, price for the product increases. Those who didn't have resources to buy the bulk now would have to pay more.
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First of all, thank you so much for reading. I do appreciate it😊🙏
Yeah, I also think it’s about the resources. They get it because they can afford it, but honestly, there are still people who could afford buying in such manner but is quite hard for them pull out such an amount at once. They simply do not see the brighter side of the situation.
Oh true! I love this point of view. The people that buy large quantities at once create scarcity and price increase for those that can’t. Very brilliant point of view.
And yes, I will look into the platform, it sounds like a really nice idea. Thanks a lot for sharing, do have an amazing week.
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This is a very interesting view here...
Indeed the poor spend higher than the rich..
The rich takes advantage of buying in bulk because they can afford it thereby saving money for themselves but the poor will keep buying one one ,to his or her capability and then end up spending higher.
It happens but when I can afford a thing in bulk I dont't hesitate to save some money via that means. It's always the best when we can do it.
Thanks for sharing Ur amazing thoughts here @creativepearl
Oh yes, you get the point and personally, I feel it's unfair that it's people that has less that gets to spend more. It is good to have money in this life 🥹
Exactly! Once one can afford it, one should not hesitate
Thank you so much for reading my post, it’s always a pleasure to hear from you. Do have a wonderful week ma😁
This is totally true. They are many scenarios even normal subscriptions on apps, the yearly plan pays more than monthly.
The rich would be able to store or buy stuffs in bulk because they can afford them. The poor on the order hand, would not want to buy stuffs in bulk, even if they had the money to still buy. I feel like the poor feel like it is a lot to put down almost all their money, which might actually pay them. But it is just hard to put it down at once.
This is nice. Thanks for sharing
Yesss! I really love this example you gave. There is always a discount attached to paying for yearly plans on any paid platform.
That’s the problem, to put the money down at once can actually be very hard unless you just close your eyes and do it regardless, because of the fact that it pays in the long run.
Thank you more for reading and engaging😊❤️
The caption is attractive. I have always thought this way too. I totally also agree with everything you've said
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Nice read, that part of buying the same food items over and over really got me thinking.
Thank you very much for stopping by😊
Hmm, ikr. You never realize until you be like ‘wait a minute…’