Economics of Household

I have been thinking about writing this for quite some time. But am not sure how to put it. This may be a hafazard article jumping here and there. This is all about economics of house hold as I see from my point of view.
We have to spend within our means then we can live comfortably is the motto.
You save money so that you spend your retirment comfortably.
How much to save is the question.
My view is if you are earning 100rs. save 20rs. well that is great.
But when you are earning 1000rs. don't try to save on percentage basis that is 200rs. On the other hand don't save only 20rs. Find a via media and save a little more and spend a little more.

You can buy some property while young say house so that you can repay what ever loan you take. But this also you have to think properly. You can not just lose your today for the sake of tomorrow.
When I was young, I did not want to go for a house loan. I thought because of the loan, I might start thinking whether to give a cup of coffee to a guest who has come on a visit. This is what I call losing your present. This is just an example there may be umpteen examples which a loan might put a hindrance to.
I never go in for any instalment purchases. Even though you start enjoying the benefit of the product from day one of first instalment, the interest and hidden costs, even though they say zero percent blah blah adds up to quite a sum . It is better to wait and keep the instalment money in bank and then buy the product. This is especially true for products which are not utility items and which can be done without till you have saved the money.
But some house loans etc especially in India is beneficial for tax saving purposes. In that case the pros and cons have to be weighed and the benefits, repayment capacity, etc have to be properly calculated and then one can go ahead with the loan.
It is very very important to write the accounts every month. You will know where your money is going. It might look silly to write what we are spending. But when you look at your accounts in the month end, you will be surprised to see expenses which otherwise would never have been noticed.
Personally, I always feel it is very good to invest in gold, not in the sentimental way. Buy some jewels not the one with stone and intricate designs. If you are buying for investment purpose, buy gold ornaments with designs which use minimum wastage. Use it happily and when ever you need the money without any qualms just sell it to raise capital. This way you have the satisfaction of using the jewels also. This many may not agree but again, I find it very useful.

One should never be a compulsive buyer. I have seen the urge to buy things when we see them in shop is just too much to resist. some times we do buy and wonder later why we bought it at all. To out do the urge the best solution is you just tell yourself to go around the shopping area and come back again and then buy. once you are out and when you come second time I have found out, many times the urge is gone and you understand that you don't need that thing at all.
The maximum expense we make in modern days I feel is on clothes. We tend to buy them left right and centre and end up with pile of clothes in the house. since modern day clothes last longer because of good quality, you see clothes every where in the house. my hubby always says that my house becomes a mess because of the clothes I buy and he says our house will be neat the day you stop buying heaps of clothes. (I think) I have learnt some lessons and do not buy much clothes.
One another best way to save money is to stop wastage. We tend to waste so many things starting from electricity, water, food, groceries, and what not. Just by being not lazy and switch off the fan not needed will help you save. I don't mean to say switch off the fan the moment you get up irrespective of any other person sleeping in the room!!
I have seen people who had retired with lot of benefits, suddenly in problem when they fall sick, as medical expenses are quite high today. even tests cost you quite a lot.
Of course the medicare and other medical insurance is catching up in India, but still one has to have some savings to take care of medical expenses as the cost increases as age increases.

One important thing is money should not make you lose your interest in life. Life is to be lived is very important and if we just concentrate on creating wealth you end up not living your life at all.
But one should understand that for everything bottomline is money and surely while earning well it is better to save judiciously.

silly childhood

Some mention by Vinu in his mail about an incident has inspired me to write this.
Well this is about a lakhsa deepotsvam at a local temple which my friend Saroja and myself went with my little brother Gopi and her little sister Radha. (They must have been around 4 to 5 years of age). It was crowded like any usual fare, and suddenly we wanted to go and lit the diyas. We asked the kids to sit in a place and went to the diyas. When we came back after 10 minutes hey and presto there was no Radha or no Gopi. We panicked, and we started crying profusely. Then some body suggested public address system which was used to render some music. So the whole, maidan was reverborating with Radha, Gopi where ever you are come here in kannada. Mean while we both started praying to God and bargaining with Him as to what all we will do and will not do once we get back our siblings. We were roaming here and there when suddenly we saw Saroja's elder sister. She was surprised to see us crying and the announcement. She chided us as to what the hungama was about. When we were perplexed she said Gopi and Radha are back home long back and you are here searching for them. It never occured to us that we should go home (which was about half a kilo meter from the temple ) and see if they had gone home.
We got good scoldings from our moms and our siblings got the same from us is a different story.
Even now when I visit the 'mallikarujuna' temple I just smile

India trip

I am back from India. It was a nice trip personally.
I have some observations to make.
When I landed in Bangalore, it was not like going home, as I am always used to going by train and the restlessness which used to start when the train reached krishnarajapuram and started its snails pace (it was an express till then and used to become a passenger stopping at all sundry stations) was absent.
The roads in bangalore have become worse to say the least. This I noticed in national high way from trichi to palani also, which previously used to be a smooth ride. This was due to rains I understand but wonder when they will repair it.
The traffic in Bangalore has reached a nadir. I wonder when the whole city will come to a stand still. Our driver commented, that we might go and come back from tirupathi again, by the time we could reach home, in the city's traffic, once we reached the city limits. It might have been an exaggeration but it was a chaiotic traffic.

Chennai, when I alighted in the Rly. station in the early morning the visibility was almost zero. It was not even 'boghi' festival. I was told that for few days chennai was witnessing this fog, which I had heard about only in Delhi when vinu used to go back after his christmas holidays to Pilani. The result, for the prepaid auto we were charged 90rs. instead of the usual 70rs. One thing which is a blessing in Blore which has not changed is the auto fares and the good drivers.
We had a good darshan at palani and a new addition is the rope way (sky way). We went by it and the scenery was breathtaking from the carriages!(what is it called) They could have got a nice ones like Genting, what they have the rusted iron carriages which are not even painted brightly. The helpers or what ever they are called lock them mannualy and open then with a key . Maybe we have more man power.
We had a wonderful darshan in Tirupathi and thanks to the computer and the webcam, we could book our darshan time from blore it self. The climb was also nice with lovely shelter throughout and nice coffee shops and knick knacks and what not available on the way to the temple town. We were told the crowd was very very negligible and so we could have darshans on both days and our queue time of darshan was less than an hour for 50rs and 100 rs tickets. At one point I thought there may be a stampede as they let in too many people but while nearing the sanctum sanctorium the crowd was thinned out. Though we could have darshan for only a couple of seconds or may be one or two minutes, it was worth it because of our faith. It is a miracle that they manage day in and day out such a large gathering with such ease and I was satisfied with the darshan as hordes of people were waiting for their turn.
One thing which was lovely through out was the food we had in different restuarants. The annapoorna in coimbatore was nice and so also the arya bhavan in dindugal, and palani and the best was the kamat yatri nivas in hoskote on the way back to bangalore.
The fruits and vegetables in Bangalore Gandhi bazar was excellent with north indian gajar to mattar and mocchkkai and what not. The pomegranate was of the best variety which used to be available only in Delhi and was known as kabul variety. The cost was quite high but the quality of the products were really good.
So with mixed feeling I came back only to read in samachar the day I landed here that the airport authority employees were on strike and there was delay in all the international flights and utter confusion in the airports. I thanked God that the strike did not start the previous day.