Finances are one of the hardest things to control these days and apparently there is more to saying that we will not spend or save a penny for a rainy day. These days, it is no longer a matter of I want this and I want that. It is about being logical and practical as far as consumer spending is concerned. In short, there is more to buying the things we love based on ads or what people tell us to buy.

Of course, there is always the reference towards buying needs based on importance of need. Using the model of Maslow’s Hierarchy of Needs, people who use to ignore it may want to refer to it once again. These days, the things that Maslow had enumerated are for real. The other things that include electronics, mobile phones and pricey dinners or night outs are vices which now have to be controlled. In short, do not spend if you cannot save.

Being single or having parents to support you should not be your safety precaution. Most of us are adults and the act o being responsible can be done only if we really want to be one. We are no longer spoon-fed children to which we always know that there is someone to catch us when we fall. Wake up people, you should start facing the world and know your limits.

There is no better way to be responsible other than to manage your daily finances. Be logical and practical. One day you can boast that to your siblings as a good example to follow.

Originally posted on August 4, 2008 @ 12:43 am