There are more lives being destroyed in recent years due to mismanagement of their financials. Many of those admitted that they spend more than they earn, resulting in deficits. As high as 80% of the people I know do not have a habit of keeping a spending journal or formulating a budget. A lot of them in fact are spending impulsively in this consumer product-centric era. The situation was made worse with the rising use of social media where every product is touted as a must-have by the "influencers". Without having those products, one might be looked down by his or her peers. Every year, we are being bombarded by millions of products. Just smartphones alone, there are hundreds of models being introduced each year. Even companies and countries are finding it difficult to manage their finance. This is due to the fact that there is an imbalance in money flow in the economy, resulting in a massive wealth gap among the people in society.