Saturday 8 September 2012

Life on a shoestring budget

Its been about 2 weeks since i last posted something/anything on my blog!
here's my latest article on living life on a shoestring budget- i bet all students would agree with me on this one.




Life on a shoestring budget
               One of the worst things that you can do to yourself is come to a shopping destination to study. If that pain doesn’t kill you then living on a shoestring budget in such a place will definitely do. Actually living on a shoestring budget as a student is a test of your will power to resist the goodliness of life.  It is one of the important contributing factors towards us developing a thick skin. So to put it mildly, there is rock bottom, fifty feet of rut below it, and then us, the always-broke-students. We have absolutely no scruples especially when it comes to freebees and free food.

            Its not an easy life by any standard. Picture this, a packet of Maggie takes about 2 mins for preparation, but can finish in less than 30 secs. It is the ultimate test of the survival of the fittest. If you are not quick to move then you may get left behind, just holding a fork (pretty symbolic of life, ain’t it). Be war ready, always. You never know when a kind soul may open a packet of chips/popcorn and you may have to desperately scamper to get to it (so what if its not your favourite flavour).

            Life on a shoestring budget can teach you some interesting lessons in finance. As we become creditors to some and debtors to many, we learn to identify our bad debts and sunk costs better. So typically, our borrowers default and we default to our lenders, leading to a shortfall in the cash flow of the cohort. And yet, cash flows or the super lack of it, hardly affect our state of mind. You cannot appreciate the small wonders of life, such as tea, coffee and toasts, till you have actually lived on a budget so tight that everything aside from the small wonders seem to be out of reach.  

          So well, life on a shoestring-budget comes highly recommended. Having lived through it, you will emerge much the wiser and much the smarter.

        

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