Important things in life- Managing our expences

As I have earlier said in one of my previous post that it was during the last 4-5 years that I have known how to face the world and also how to manage a family (which I think I have done to a great extent). This is managing and planning accordingly that all the important purposes in the life never gets halted and the wheels of the family keeps on moving smoothly. This needs the cooperation of the whole family and the members. I have learnt these things from the stories, accounts, diaries and old documents of my grandfather, who besides working in a small private company from the age of 20, managed his expences and savings to build a house of his own, with the cooperation of my grandmother, both sacrificed many things of their life to give his son and the next generation a somewhat good life than them.

One main thing to do to manage a house or family needs is a good management policy for the home budget and to spend accordingly, saving as much you need, keeping in mind the needs of the family and the members in the next 5 to 10 years and plan accordingly.

I have mainly followed this policy and have seen that it works. Also there is a saying that "What good or bad we have done in our past is the result we are reaping today. And what we will do (correct or wrong) today, will affect in our future." So, if we save and manage in the right way today, that will going to help us in the coming years.

Management is not only needed in big offices or companies only, it is needed in the smallest of the houses also, even for whom who just earns Rs. 100/-. Because I have seen many people who nevers plan or manage their money or anything and is much spendthrift, they time of crises, get tensed and worried and finally have to borrow money from their friends and relatives, and sometimes from money lenders who charge them a heave interest for that.

So, my thought is that whatever we are earning today must be spend in the right way (not be spendthreft) , to control our expences, and also save a little amount in our own way whichever we think (from man to man) will be better for us, that could help our family in time of problem or urjency.