First question can you live free? Mmmm quite impossible, it’s
costly to live.
This is the most discussed subject of all time, which is
terrible these days. For me attention to the particular area was not immediate but
with some unforeseen expenditure did hit me hard; actually most of the expenditure
are due to ignorance & postponed actions. Whom can you blame for that other
than you. Well not quite with the
dynamic environment & the demands we tend to do those things but when it
comes to the real terms we are in deep
trouble.
During the last resection period, I guess in 2008-2009 when
the wall-street collapsed. There were several things that went on how we would
have done things, whom to be blamed, I warned you all, no one listened to me…..
& so on. More over there were ideas of things that can be done to overcome
as individuals were among the discussions on many tables. Out of these one caught
my attention where the ideologist focused in having a safety saving equivalent
to 8 months expenditure on average. There are two things which I want to share
1.
Until now I was unable to have such a saving, I didn’t
even start such a saving – wow
2.
How much is my monthly expenditure? – Even though
I keep a expenditure recode its either random and I didn’t analyze then properly.
a.
Recently I did the analysis – its no surprise I spend
on more than I earn & in areas where I cannot control at all like food
& loans so there is no wonder why I was unable to achieve the item one.
Ultimately it’s true that we are in age of
financial difficulty but we are the once who have put us in the same, where it
need complete re-engineer the process.
