Can you Afford your lifestyle ?

We believe in instant consumption and gratification.

That is the theory nowadays which is totally different from our parents who used to think about the future and save and invest and live comparatively simpler lives.

But with the television and peer pressure and a lot of other factors, instant consumption has made the current generation financially sick which can take a long time to recover.

Most of the times we earn well as salaries are very high nowadays but there is very little wealth and no savings and if the earnings dry up or some medical emergency happens , then what ?

Then we are screwed and need the support of our parents and in-laws to fall back on.

Take a step back and think before making that latest smartphone buy which is the second one in six months even when the last one is absolutely fine. This is just an example of unjustified consumption. There can be more examples like the fancy bike that you bought.

Always need to question if you Can you afford your current lifestyle  ? If your parents support you in financial crisis , then I am afraid you are not the one who can afford but it is the parents wealth that maintains you.

We tend to forget that lifestyle creep happens and it is very difficult to let go of the lifestyle and comfort once you are used to it.

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