Somehow I don’t think that Maria would have expected what I am about to write as my contribution, when she suggested the topic for today’s LBC’s weekly posts when a few of us write on the same subject. Be that as it may, here I go, giving my two bits to the grand effort.
During those days when it was necessary, I never had enough to spend for just necessities, so, never really had the problem of overspending. I grew up and had a family life during most of India’s socialistic pattern of society experiment and was in the high income tax bracket with little spare cash to indulge in extravagance. My situation changed when the economy was liberalised and I changed jobs, but old habits die hard and I never did go on spending sprees.
I was also lucky that my late wife was as prudent as I was and so between the two of us we lived prudently and comfortably without keeping up with the neighbours.
If there is one area where I overspend, that is in buying books which has been a weakness for decades and I think that since it is a harmless pastime of some benefit to me, it can be forgiven by the younger fans who read this and who are in debt living a life of EMIs.
Despite that however, I am debt free, asset rich and revenue comfortable. I think that it is a nice way to be.