He bought a car.
He wants to go on a road trip.
He books the accommodation online, charges his camera and the additional battery pack, packs the bags and goes.
Middleclass Dude.
He too bought the same car as his upperclass friend.
He also thinks of going on a road trip.
He takes a paper and calculates the cost for the trip. He writes down accommodation cost, cost of fuel consumed for the to and fro trip, toll-gate fees, food expenses on the way and other miscellaneous expenses. He checks if the expenses are manageable.
He wonders if he would have sufficient balance in his salary after the Car Loan, House Loan, Gold Loan EMIs are deducted.
He checks the bus rates online and turns out that bus is cheaper. He books the bus this time.
The lesson here is
When you are taking these small insignificant expenses seriously and thinking if you would be able to afford the trip or not, it means that you are in a danger zone.
There is one saying — Buy car only if can afford two of them. Becuase when you spend all that you have on a car, you won’t be able to spend should you get into accident, your parent has a serious health issue, a crisis like covid, inflation, recession or jobs getting outdated.
Financial liquidity and savings are thus must for a comfortable life. Living from paycheck to paycheck is one of the lethal risks to take.
