Monday, February 02, 2009

Frugal times

It is not an exaggeration to say we have to pay to live. That's why they call it "cost of living." Even when you're dead there are costs to be met, as in funeral expenses and such. Unless you have a lot to live for it can almost make you wonder what's the point of it all.

The more comfortably you want to live, the more bills you have to pay. If you are lucky enough to make ends meet and save for the next generation then you are ahead of a lot of people. A large population of the world still live hand to mouth.

I am glad I still have a steady income and can pay the bills and take care of my wife and son. It is not something I take for granted. These are tough times but I am not going to complain. It could be a lot worse. People are getting laid off left and right all around he world.

Apart from eating out less and ignoring the things that need to be fixed in the house, I don't know what else I can do to be frugal. My entertainment expenses have been slashed. I am no longer spending money recording music or buying equipment and guitars. Books and cds are too expensive these days, so unless it is something I really need to have it will have to wait or be forgotten.

Actually, if you really think about it, we really need very little to live. It is what we want that does us in. Desire and craving for things that are beyond our means is what creates problems. That is why some people are in debt and living on their credit cards. I hope that never happens to me although it could easily happen if I don't watch it.

I wish I had saved more money when I was single but to be honest I wasn't making much back then. These days even though I am making a lot more, it is still damn near impossible to hold on to anything after everythings is paid for. Sometimes I wonder where it all goes. However, if I sit down and really calculate properly it is very obvious.

I guess it all comes down to management. I need to manage my life and finances a little better. I wouldn't want my kid to have nothing in the future just because I wasn't good at managing things now.