Some people call it sensible spending or Conscious spending…well this is not a new concept, but a new way of looking at things.
See how we spend money – normally it is on a reflex. Like ordering tea in a hotel – it is assumed all the people will have it. Tea may be a small example, but there are just too many things that we spend on reflex. Buying clothes for Diwali, joining the gym, buying a cable net connection, a still camera or a video camera….etc. etc.
Recently a friend gave up watching television. The TV went out, the cable connection went out, …well the time got saved. However most of us pay for things like a reflex…what ever it is.
Corporate India called it zero based budgeting – which means you had to think why an expense was being incurred before you made the decision to spend.
Simple think before you spend. If you are not reading a magazine, stop the subscription. If you are not watching tv stop paying for cable, if you are not serious about the gym stop renewing it. If you have 300 shirts n pants stop buying new ones. If you have a cd writer which you used 4 times, a dvd writer which you never used, a home pc, a laptop, an ipad, a GPS reader,…..OMG think again b4 you buy kindle. Apart from your paperback library, the kindle too will collect dust.
I am convinced ebay makes money because wives are busy selling all the nonsensical gadgets their husbands are accumulating without using. Women empowerment!!
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