A population that spends money, runs the country. Spending money is important for overall economic growth.
Imagine a country where nobody is willing to spend money… You got it right, the economy will come to a grinding halt & stagnate.
Look at the most developed countries like USA, Canada, Switzerland, Germany, UK, Singapore, Australia & Hong Kong. These all have one thing in common.
The household expenditure (spending) is the highest in all of these countries.
On the other hand, countries like Bangladesh, Bhutan, China, Nepal, India, Pakistan & Philippines have one of the lowest household expenditure and you very well know the economic development of all these countries.
You see, though it may seem paradox, there is direct correlation between spending and growth.
The bigger you spend, the bigger you grow. The lesser you spend, the lesser you grow.
This applies to countries, businesses, personal & individual development.
Spend money on experiences, creating memories, learning, personality development, subscriptions, business, lifestyle, travel, premium services, relationships, etc. Because it will enrich your life.
Obviously the point is to spend on things that enriches your life.
There’s a reason why misers lead a mediocre life.