Sunday, July 26, 2009

Misers Vs Spendthrifts

We always ponder upon our expenses. There are people who like to spend a lot and there are people who do not spend at all. It is important for all of us to categorize our expenses basis our priorities and our desires. Most of us are unable to prioritize our expenses. However, there are people who do not even spend on their needs. A human being needs some basic expenses to make. Good living, healthy food and proper communication facilities. Some people earn good money but they do not spend on their basic needs properly. And there are some who spend more than required on their needs. By good living we mean comfortable and not luxurious. People who are spendthrifts land up with burdens of loan and their repayments of other debts. On the other hand, misers save a lot and before the end of their lives do not know where to put the money.

Living a comfortable life means where you can afford a comfortable reasonable house at a convenient location. It also means eating healthy and nutritious food in a quantity that quenches your hunger. Commuting reasonably but comfortably also is a part of comfortable living.

Misers and spendthrifts can be differentiated with their definitions of comfortable living. Misers would spend the minimum money for their living. They will just spend for a shelter, to fill the stomach, to somehow travel and to just wear clean clothes, for the sake of it. Spendthrifts however prefer to live lavishly. They would spend their money to live in the best of houses with luxurious interiors and amenities. They would eat the best of food and top it up with the best of desserts. They would only wear branded garments and would commute in their own expensive car.

Being a spendthrift or a miser has its own pros and cons. A spendthrift never saves money and goes through a hidden financial crisis all the time. They are often neck deep in debts and keep running pillar to post to pay their debts. They maintain a very high lifestyle hence when they go through crisis it becomes very difficult for them to adjust to the fallen standards of living. Spendthrifts have a lot of friends and they spend a lot on socializing. Misers struggle all their lives even if they earn in millions. They do not enjoy even the basic amenities of life. They often land up with some or the other health problems because they do not spend on healthy food. Because of their forced misery, they are not social and they have very few friends. This becomes a problem when they need some people by their side at difficult times.

It is advisable to spend less but it does not mean that you live in self imposed pain. It is appreciated that you spend more but it does not imply that you fire up your bank balance. The most important is that you spend in a balanced manner and save money for rainy days as well. Maintain a moderate lifestyle and live comfortably.

Linus Orakles

http://www.authorclub.info/

No comments:

Post a Comment

Advertisement

Advertisement1

Advertisement