BedTea.in | Ravi Matah's Blog

The world-wide recession has diminished the purchasing power of money, making some of the essential commodities beyond the reach of the common man and now Rupee has gone beyond the Rs.57/- mark in exchange to One US Dollar.

The memories of the good old days when Rupee had it’s purchasing power, are still fresh in my mind and I thought to pen down these few lines for my readers to read and believe that even the coins had enough value in the Golden days.

Five decades ago, I was dropped daily at the school gate by our driver in our car which was of ‘Opel’ make. It’s shiny chrome-plated wheels had iron spokes, it’s stepney rested on the right hand side mud-gaurd, and it had a horn, which is similar to a breast pump which I blew once everytime after alighting and it used to make a distinct sound – ‘chi-ghawn-uk’. (more…)

The rise in costs of all essential commodities is making things difficult. Money is for spending and it should be spent for a good cause. Extraordinary expenditure should be incurred only on special occasions like weddings of children or construction of house.
 
It needs to be understood that financial difficulties are only the result of very simple and impulsive, sentimental mistakes. You have to save for potential illness or any other emergency that might occur in future.

Start saving Now!

Don’t spend on things that your don’t really need. If you are desirous of buying something and are eager about it, just control the urge and hold on for a second and think – do I really need it? You might avoid it. Indiscriminate buying also creates clutter at home. It is the spending habits that lead you to debt.

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