It's only ₹ 500! How many times have you heard these words in an ad? The word "only" is supposed to make you think that this is a steal! But is it really such a great deal? Look closer. Think about it before you spend your precious pocket money.
Wish all of us could be this smart while choosing what to take or buy. Well we can be! All it takes is a little patience and some practice.
We just have to begin by deciding whether we want to get the best value for our money, buy what we really need or just settle for the first available option. The answer is obvious isn’t it?
Spend [spɛnd] - give (money) to pay for goods, services, or so as to benefit someone or something
Pause to ponder: Do you really need this? Is it ‘really’ worth the money you are paying for it?
Caution: In a time of credit cards, internet banking and online shopping, you may not see people buying products with physical money like notes and coins. Not seeing money exchange hands may make it harder for you to understand what things cost. You can start seeing this invisible money as an unlimited resource rather than real money coming in and out of your family's bank accounts. Talk to your parents about money often to help them make this invisible money real.
“Never spend your money before you have it.” ~ Thomas Jefferson
“The price of anything is the amount of life you exchange for it.” ~ Henry David Thoreau
“It’s not your salary (pocket money) that makes you rich, it’s your spending habits.” ~ Charles A Jaffe
"The gratification of wealth is not found in mere possession or in lavish expenditure but in its wise application." ~ Miguel de Cervantes Saavedra
The idiom ‘a fool and his money are soon parted’ warns us that foolish people spend all their money without thinking and you ‘pay through the nose’ when you pay too much money for something. ‘Suit your pocket’ means that you can afford something, while ‘living beyond your means’ suggests spending more than you can afford.