I personally belive that the essence of budgeting and saving should be taught to every children since childhood. It is important in many aspect. The early the children understand this and adapt in their life , the better it is for them in longer runs. It simply implies prefer spending on the basic needs rather than fulfilling the unwanted luxuries item. At time various situation crops up in life where the person is forced to look out for things which are no longer necessary for them, but just people need them because other were carrying or making use of such item. In short people often lives their life as per others choice rather than looking at own wallet or wishes.
"The first step in crafting the life you want is to get rid of everything you don't"
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Being extravagant is a normal things in life. In today's time where every company is introducing every new products to make people life comfortable, the mindset of the people is getting influenced and attracted to such things is a common process. People wanted to own them for their luxury and comfort. This makes minimalist to approach to life very important. I find a great source of minimalist approach to life from people of yesteryear. They lived a life in complete happiness and have a great sense of saving and budgetingbout their life. Even though theybdo not have all the means of comfort, still they lived life fuly. They were in habit of carrying out most of their work of their own. From household chores to outside purchases or travelling they budget out life in significant way. But things have changed now, and people now automated their life in various way. Our older generation used to do many things manually and they always remain healthy and strong, in contrast todsy time, we have so many option to carey out work at ease, still we fall ill and not that stringer as peoole of yesteryear. The automation and luxury life simply taking away the charm.
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One of tye biggest mole that making people extravagantis the introduction of credit card. Thanks to the banking, who started offering these cared free of cost, making people own it. However, nothing is free at this time and everything has a price. While many people see the benefit in credit cards, however, it simply making people extravagant. There was a phrases in Hindi, which literally means "spread your legs only as much as the area of the blanket". This is best suited for credit card holders. The phrases actual meaning is to live within our means or capacity. Do not over spend, borrow or live lavishly and later suffer with non repayment related problems. A person once get into this ditch, they find it hard to get out of it. I have seen people spending unnecessarily on things whichbwere not required, but credit card just allowing them to do so. Making people going over their limit, just for the sake of luxury or show offs lifestyle. What is the need of such life, when we go beyond our limitation and putting our life at risk. There is loss of happiness, mental stress which may lead to mental happiness.
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The advent of technology is also putting people to own expensive gadgets. Like last time I quoted of my cousin habit of owning expensive mobile handset, even though he does not need one. But just to flaunt in society he is carrying too expensive. Though there is no need of doing thing. When your needs can be fulfilled and managed by a cheaper handset, what is the need of carrying an expensive one. Again he bough that in loan. This is a true example of show off on luxuries.
Applying, a budget and know our needs should be the priority in life. Rather than living life by looking at others, we should focus on our budget and needs. Our Budget should always prioritize essentials like housing, groceries, and savings more, and significantly cutting back on unwanted spending. This will certainly help in good mindset and happiness in life.
*This is my Day 16 entry for Inleo Writing promt](@leo.tasks/february-inleo-winners-march-monthly-prompt) for the m/o March.