![images (5).jpeg](https://cdn.steemitimages.com/DQmVnCNdZW2dmvJ18q7PVUQSxhyqH3G7h1bSjFdmUQ45Kow/images%20(5).jpeg)





###### [Source](https://images.app.goo.gl/mzNDe8L8tZVoaQA58)



### <center> Introduction </center>



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Spending culture is a particular way of expressing social behaviour or a way of life through the way one makes and spends money. One of the problems of people in Nigeria is finding it difficult to be silent wealth owners this is because sometimes people feel that their wealth status needs to duly expressed to open doors for them or build a chain of connection through which they can do things easier. So here you can see peculiar spending culture? One's spending culture is having your decisions and behaviour affected by the society in general, it's being conformed to the norms, the attitude and the financial phenomenon of the society which is particularly peculiar to a human society. 



Now while one's means of income can determine their spending culture, sometimes it actually can't. Spending culture and spending habits are two different things. Spending habits are those self concocted practices that a person is solely used to conform to when they begin to spend from their income while spending culture is spending to play to a particular gallery of a group of people living in a particular society. For example, spending to show you're wealthy is a spending culture this is because the fact that you want to show that you're wealthy isn't to Impress yourself it's to create a different financial impression and accrue a class for yourself in a Nigerian society that's totally classified with special features to who belongs to a class. 



Almost 65% of my college population are now into internet fraud, this percentage was at 35% or a little higher before the lockdown, but after we got back into session after the lockdown, this has changed, it wasn't difficult for me coming up with the percentage because I  could vividly see this by looking at the spending culture in my department and equating it to a likeliness of eventuality in other departments. This effect of this has created a sort of imbalance to the prices of goods and services and the people who supply these services have equally felt that since students now live large, drive expensive cars it was only rational for them to increase the prices of goods and services so as to benefit largely from the *new wealth* of students on campus. 

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![images (6).jpeg](https://cdn.steemitimages.com/DQmQQq6hEswaDNcPFsvPrvCPzzWUMahYLEEkqy8Y94RhAww/images%20(6).jpeg)



###### [Source](https://images.app.goo.gl/yTYJZPLHTmmMqLq49)


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### <center>The Effect Of The Wrong Spending Culture </center>

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Can you see the effect of *spending culture* on a society? How it tend to even easily be one of the determining reasons why we have artificial inflation? Not everyone conforms to the rampant spending culture in a society but everyone is forced to live in its effect, everyone's financial status is always in contention either when they're trying to date, have a new cycle of friends or create a certain kind of impression. The pressure to showcase how wealthy one is always comes because of the underlying spending culture that's embedded in a particular society. While we have spending culture, there can also be a sub category called investment culture which also falls on how people spend money but rather in a different way which has the opportunity of yielding dividends. 


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### <center> Conclusion </center>


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While we can have a good spending culture mostly we have more bad spending cultures in Africa and Nigeria to to be precise. Because people are hardly financially educated they follow trends. Did I mention how means of income can also influence spending culture? Of course not; now having a limited means of income or being dependent on a firm to earn on a stipulated date perhaps monthly can make people not conform to a spending culture because they don't have enough to either show her wealthy they are or buy go impress. Spending culture *comes from a desire to express monetary status by adequately indulging into some habits that is  peculiar to a group of people who shares a particular culture.* 


That is why internet fraudsters, politicians, swindlers, monarchs, musicians, footballers to  name a few are the ones that that are majorly culprits of spending culture in Nigeria. A clerk, or a secondary school teacher cannot conform to spending culture because their means of income does not allow them to. Now we have a few percentage of people *(ludicrously wealthy)* who do not conform to spending cultures and these few are the one's that are financially educated to keep it cool irrespective of the pressure in the society to act differently with their money. 


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