Money is one of the most powerful resources we have in life. It gives us freedom, security, and the ability to shape our future. Yet, when I talk to many young people today, I often notice a common challenge—they don’t realize how quietly money slips away from their hands.
As a psychologist and professor, I see money habits not just as financial behavior but also as reflections of emotions, peer pressure, and lifestyle choices. Let’s talk honestly about how youngsters waste money and why it matters.
- The Trap of Instant Gratification
Young minds are wired for excitement and novelty. The latest gadgets, trendy clothes, food deliveries, or endless subscriptions often feel like small, harmless spends. But these “small” expenses accumulate. In the pursuit of instant happiness, youngsters often overlook the long-term impact of saving and investing. - Peer Pressure Purchases
Many times, spending is not about personal need but about fitting in. If a friend has bought a high-end phone or dines out every weekend, others feel pressured to do the same. This creates a cycle of comparison, where money becomes a tool to prove worth instead of being used wisely. - Ignoring the Power of Saving
A lot of students and young professionals earn money through part-time jobs or stipends. Sadly, most of it vanishes in unplanned shopping or online splurges. Very few pause to think: What if I save and invest this money? How will my future look five years down the line? - Emotional Spending
Boredom, stress, or sadness often lead to impulsive shopping. Many apps are designed to trigger this behavior—“Buy now,” “Limited offer,” “Only for today.” Emotional spending might give momentary relief, but in the long run, it empties pockets and adds regret. - Forgetting the Bigger Picture
The truth is, every rupee spent carelessly is a missed opportunity. Money saved today can become a stepping stone for tomorrow—whether it’s higher education, travel, building a business, or simply having financial freedom. Youngsters need to see money as a companion in building dreams, not just as a tool for temporary pleasure.
A Gentle Reminder
Dear youngsters, money itself is not everything, but how you use it defines a lot about your future. Being mindful doesn’t mean you should stop enjoying life. It simply means learning balance—spend where it adds value, save where it strengthens your tomorrow.
Remember: Every big financial success begins with small, conscious steps today .Spending money also defines your personality and your inner peace. Spending for the reasons above, will make you an insecure, non-confident person. Spending thoughtfully and genuinely will give you confident, satisfied and lucid personality.
— Dr. Manju Agrawal