How to deal with money what you earned?

How to deal with money what you earned?

   My mom used to tell me "you can spend money once." What she meant is that if you spent money frivolously, you might really need it later and regreat. After several years of managing a small amount of my own money, I have come to the conclusion that my mom was right, saving is better than spending.
  
   The importance of saving money when young can't be overstressed. This is because young people can tolerate higher-risk, higher return investment, and can let their investment mature longer, allowing interest on savings to compound. If invested well, $1000 today could become $30000 in 10 years. This concept is so powerful because the investors doesn't have to work for the money, the money works for the investors. Saving isn't only a bulwalk against an unpredictable future, it is also a way to generate future wealth.
  
   At last, While it is true that spending money can be enjoyable, but it is not only way to have fun. The amount of money I need to spend doing some things are almost nothing, but the hapiness they bring me is immeasurable. I would prefer to save money for unavoidalbe expenses and enjoy life by being a producer, not a consumer.