Wasting Money - What Is Wasting Money?

     The great old film actor and comedian W.C. Fields said in an interview that he wasted half his money. He said " I spent half of my money on women, booze and gambling and wasted the rest". So I guess waste is in the eye of the beholder if you take his point of view. May his point of view is correct. After you satisfy your commitments. What you do with any (if any) is up to you.
     Whether you make your own money, hit a lottery or are a trust fund baby. You have to have money. Or at least a negotiable instrument. So you take your money. Make you basic needs and if you are lucky have some left. A lot that would go into that decision are your liabilites (children, debt). Your lifestyle. How long do you plan to live? I see older people that look good and in good health. I see younger people that look very rough. Then there are the ones in the middle. Where do you fit?
     How much money you have to deal with makes all the difference on where you live, what you drive (if you do), how you dress, what you eat, how you spend your leisure time, habits, and whatever you what to add to the list. In other words what you do with your disposible income is your business. Do you want to live a long time with a lot of money in the bank? Hobbing into the store and doctors office. Do you want to be a James Dean and live fast?
     I do not even want to think of all the money I wasted. Or even what I waste now. But I should. At this juncture fairly comfortable would be the best outcome. I would really have to bear down to acheive this point.
     Then there are the people who at a young age started saving. By themselves or part of a company plan that put them in a better position to save. They can build us a nest egg that will get them through the rest of their lives. While those of us who have not will continue to live hand to mouth for the rest of our lives. There is an old saying that goes "if I had thought I would have lived this long I would have taken better care of myself".
     In most cases we have no one to blame but ourselves. Do you want to have fun and be wild when you are young? Do you want to scrimp and save during those years finding something to pass the free time in a more frugal fashion? Then live in a comfortable fashion later. You cannot have both. If you find that out soon enough you may come out OK.
     If you have Social Security, a pention, some savings, and a small job you may make it. When you look at people you can pretty much size up how they lived. It is called cause and effect. Like any action. Reep what you sow. At any rate. It is a tough road. Make your own call.