Tuesday, November 07, 2006

Money spending nature of Indians

Earlier days people thought of future in mind and keep saving money in many forms like Saving Bank, Fixed deposit or even investing in buying land. They worried about the future, as there are more uncertainity in the future. That is true as we humans dont know what will happen in the future. But now a days that trend is gradually loosing its shape as we people are spending money in lots of other activities apart from necessity.Last Month my friend told me that he wants to buy a handycam and we put a budget of rs. 20,000 and we went to e-zone, koramangla, Bangalore. We saw the entry level models as we decided to buy that earler. so we choosed one model from JVC which cost 19,000. we are happy then suddenly there was another model from JVC which cost 40,000 came in the picture and we lost control and finally we purchased that. More importantly that we purchased the camera in credit card. As now a days credit card companies are sucking our money through schemes like EMI. My friend told me that he can put EMI for 20 months so that i will be paid off. This is just a example, this is what happening in india thanks to the IT boom. People lost control of everything.

When i earn 6,000 rs per month and i spend it through the month along after 25th of everymonth there will be a shortage. The same thing is happening when a person is earning 60,000rs per month.

How many people are really saving money now a days??????


Anonymous Anwin said...

it doesn't matter machan...the world is ending on the 9th day of the 9 month in the 9th year after 2000.

Tuesday, November 07, 2006 5:04:00 PM  
Blogger Rejitha said...

Thanks thenraj. You have got a very realistic and thought provoking blog.

Monday, November 13, 2006 11:17:00 AM  

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