Think Twice Before Throwing Away Anything

Most of the times we never think twice before spending quite a lot of amount to buy anything or everything important or not-so-important stuffs for our day to day life, but strangely enough we never spare a thought before throwing off the same material or getting rid of it, that we bought by paying a considerable amount of cash. We away these stuffs without even considering the amount of money we had once spent on them just for the reason that the object is no longer trendy and has become obsolete with time and fashion or personal taste. Thus we end up throwing if off from our wardrobe to replace it with some other costlier and dearer products.

In the current wake of debt-related fears and insecurities such reckless and insensible behavior towards our own money and materials has made us humiliate our own wealth and productivity. How many of us have the sensitivity and wisdom to think about revamping and re-shaping our old clothes by stitching, sewing and decorating them into something new, innovative and stylish? How many among us have the creativity to recycle our seemingly useless objects like lamp-sheds, vases, jars or small trinkets by restructuring them into some beautiful, renovated and decorative furnishings for our room? We speak long lectures on recycling of products but have we once also considered of performing the same act with our own goods?

It may sound conventionally idealistic, but people who have made it a habit of parting away from their old and used up materials and belongings are actually unaware of their practical utility values. Practices like re-inventing, renewing and reusing objects for various purposes in and around the house, not only boost up one’s creativity and sensibility but also assures that this frugal approach of living would pay off at times during one’s financial hardships or deficiency. It is important to de-clutter one’s life, but revamping the same into something more useful, fashionable and decorative would be a better option than simply discharging away those things.

Student and Alcohol: Gulping Down the Money

Alcohol intake has become an integral part of any fun nowadays, especially teenagers who have just tasted the taboo of getting high and drunk over trivial issues. In this present scenario of increasing personal and individual indebtedness and financial deficits, no one is actually paying any heed to this habit which if not controlled can take a dangerous shape of irresponsible drinking habit, which leads to excessive loss of money and sometimes may even cost a fortune. According to Rachel Barrington of University of Wisconsin, the average college student spends $500 per year on alcohol, which seems to be quite an amount to lose in this debt-ridden existence. When in one hand people are falling back on debt relief options and debt settlement firms to treat them of their financial injuries, on other hand, the same people have not spared a second thought in spending a valuable amount of cash on alcohol drinking, either out of fame or shame, grief or smile.

It takes 5 years for a student to graduate and approximately $23,000 is borrowed for the purpose of financing education, which means more than 10% of college loans are being drained out to support alcohol consumption. The average amount of time that a college undergrad remains drunk is almost 10.6 hours a week. Instead of being drunk, if he/she decides to work on these hours and to take $8 per hour, they would end up earning $4,409.60 per year, which over the period of 5 years would become $22, 048. Thus to put the two facts together, if college students did not drink at all, they could save cash worth $1,548, instead of being $23,000 in debt.

Moreover, there is always a tendency of being addicted to alcohol which impairs the ability of students to perceive and think rationally, leading to blurring of sensory organs, which make them unaware of the continuous outflow of cash under the effects of alcohol.

Time Is Money: Assess The Worth Of It Without Wasting It

Money and time are the two sides of a coin. We can trade one of the other. For example money can buy us time and that is why we spend it for physicians and medicines after being diagnosed with a life-threatening disease and on the other hand, the more time we get, the more do we have the chance of accumulating money. The system of interest rate against any amount also follow the same formula; with time it increases its value, it may be either an unpaid loan or an outstanding bill or it may be a savings bank account, depending upon the nature of money put in. Time is also a deciding factor that determines our money-earning age and requisites and thus the time when we retire needs all the financial planning from beforehand. ‘Time is Money’ is an old saying that continuously reminds us that every second we lose in unimportant pursuits, actually part us of our net worth of making money. And that is why since our childhood education till the day we search for employment, we are advised to abide by a time-table that defines our action and results.

If we take a closer look, time also defines our payment amount and cycle at the end of each month, which sometimes makes us do that overtime do get that extra money. Saving time by working smart therefore is always appreciated as the extra time can be utilized in making more money or business. The thoughts of retirement which provoke people to gather, earn, save and accumulate more money simply follow the basis that the time to earn a living is limited, thus work out to make the best deal out of it, till it is with you. Evaluation of time’s worth is assessing the worth of money itself as the more time you have in hand, more is your opportunity to make money.