A small fun activity for you all –
How much do you earn in a month, after all taxes, what comes into your bank account? Think of the figure in your head or write it down on a piece of paper. Say, you wrote $5000 or Rs. 50,000 or €5000.
Now, write down how much money you CAN spend in a month? Can you spend $7000, can you spend Rs. 50,100? I don’t think so.
Now, you might have some savings, write them down, let’s say you get $5000 per month, and you have around $150,000 in your bank savings account, saved over 7 years.
Can you buy a car worth $200,000 right now in cash? I don’t think so.
You might need to pay in installments and you can buy it, but you can not pay the full amount at this minute, can you?
So, what do you do? Do you still go about and purchase handbags worth $1500 every month, or rent an apartment worth $4000 per month, or buy a car with installment of $3000 each month? No, you don’t. You plan your finances and you buy what you can afford. You plan most purchases, and set a budget for expenses, savings etc? Or do you go out on pay-day and spend Rs.20,000 when the salary credited to your account was Rs.10,000?
If you forget credit cards for a minute, how can you physically even pay that amount? You can not.
If you can not spend a penny more than you get into your bank, so how can you consume more food than you body allows?
If I am not working enough to buy an Audi, I will not buy it. So, if I am not working enough to burn that cupcake from my body, I will not eat it.
I love food, I love that cupcake, and that cheesecake, the pizza, the chole bhature, the gulab jamun and the jalebi and that chicken biryani. Same way I also love the BMW X6 model, I love that sea view penthouse, I love that Louis Vuitton handbag.
But I don’t go out and spend my hard earned money on those, why?
I think the same way about the food I eat.