365 Exciting Ways to Live! Excitement #81 - Practice Austerity

Practice Austerity

Wealth consists not in having great possessions but in having few wants.

 Epicurus

Austerity is an important quality to be developed. Money is a valuable resource which should not be squandered away. These days everything is becoming dearer. It is wiser to save one rupee than to earn five rupees!  We live in a “world of temptations” where the media is so powerful that anyone can make out a case that their product is essential for us. Every day a new mobile phone with tempting features hits the market with jazzy media advertisement tempting you to buy.

One of my relative who has been living in the United States for the past six years in a fairly decent senior position tells me that he has been managing comfortably with one car, one cycle and one mobile phone! He says that he doesn’t have more than six pairs of dress. What is even more interesting about his claim is the fact that in the United States, the temptation to spend is very high!

Over this weekend, critically audit your basic need and check if you need all those gadgets, which are in your pending buying list!

Spend less, save more and live happily! 

(From my book '365 Exciting Ways to Live')
NC Sridharan
www.thetimefoundation.com
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