SPENDING AND SAVING.. WHAT ARE THEY LIKE?

The penguin Penny was partying.. Seeing that the man of 50's mused aloud..

• “Penny wise and pound foolish! (English Proverb)
• Money doesn't grow on trees! (English Proverb)
• A fool and his money are soon parted! (Dr. John Bridges)
• Spending is quick; earning is slow! (Russian Proverb)
• Riches have wings! (proverb)
• Rather go to bed supperless than rise in debt! (Ben Franklin)

I've decided to invest all my savings in good investment schemes where the returns are attractive as well as reasonably safe. That way the monies with us grow without our knowledge..

We should never keep these monies easily available as often there will be tendencies and pressures from few family members to spend those monies in the way they want equally creating a bad habit with them..

If resources are not available easily, people set right themselves and try to live only with what they have in front. That indirectly promotes a good discipline in the family..

I don’t like the youngsters wasting too much money on things which are really not required in life!”

The well-wisher listened to him patiently, smiled and said,

“My dear! Life is meant for living in a decent way as well as for one's development too. These two are never to be forgotten as we live through our lives. This development aspect is limited or more or less over for people of our age but the youngsters are different here..

They ever have ambitions/requirements of living thru' their life better and grow too all along. For this, they definitely need resources..

They begin from scratch with their limited salaries and most of the times they are left with fewer monies alone. Thus, some times their aspirations remain at low key because of lack of money and there they have their own inhibitions to ask elders..

It is the elders that should foresee this, come to their help in the right time by releasing part of what is in their possession. Of course, the monies are precious, always limited and so they are never to be spent on enjoyments and luxuries for which the working young definitely have to fend themselves alone. Also, all can't meet all their aspirations here just because they wish so..

Here, the elders forever should exercise great caution, 

•  Keep sufficient monies for their own comfortable living,
• Keep reserves for exigencies and emergencies and
• Release only the excess in steps so that aspirations of family are met partly at various stages in their life..

The plan and discipline required here can be executed by the elderly alone the best and they should equally insist the younger to listen to them on this for their own benefits!”

While departing the well-wisher said,

• “The monies of family are sacred and they belong to the entire family as a whole. They can neither be wasted nor kept stored when a development or growth of a member is at stake..

• And equally it should be made it known to the members of the family that an aspiration beyond the limits is never to be attempted as that ultimately drains out the precious resources and leaves all individuals exposed to the greater risks of Economic Threat which is truly a sin!”

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Keywords: SPENDING, SAVING