Living within a budget

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Dear friends, most of you are too young or inexperienced to be aware of some harsh realities of life. Maybe you have no knowledge of the difficulties your parents must be facing. In the times of the ever rising inflation we are living in, it is becoming harder and harder for most people to make both ends meet.

Running a home comfortably, ensuring that the requirements of all family members are fulfilled to their satisfaction, providing quality education to their children and striving to save some amount for the rainy day, is becoming a daunting task for your parents.

Has it ever occurred to you that there are many different ways in which you can help your parents out to handle the expenses better. Here are some tips which could serve as tension releasers for your parents and help them to manage their budget in a better manner.

could serve as tension releasers for your parents and help them to manage their budget in a better manner.

Be realistic in your demands

Often children pester their parents with unnecessary demands, asking for things which they can easily do without. There is no need to change the school bag every year, get a new dress for an upcoming wedding or buy a gadget a friend had recently got.

Eating out is often expensive and you can refrain from pressuring your parents to take you out for dinner every weekend. A few hours spent in a park or by the seaside (with some homemade snacks) can be more relaxing and entertaining.

Most children ask for or do things out of peer pressure. You don’t have to do what others are doing or have what others have. You shouldn’t follow the crowd or the fad, follow your family’s instructions and be mindful of their priorities.

Learn to understand your parents’ financial situation and limitations and do not ask for things which may prove to be an extra burden on their budget.

Differentiate between needs and wants

Often we cannot draw a clear line between what we want and what we really need. You may want a new pair of jeans or joggers, but you may not actually need them. You may be asking your parents for a new rug or wall hanging for your room, but if you think rationally, the old one is good enough!

These are things that we ‘want’ but we don’t really ‘need’. So if we don’t have these things, it really will not make a difference to who we are as a person, but getting them can mean that parents have to spend the money that could have been spent on a household need or saved for the future for us.

Cutting down on your wants will go a long way in releasing the pressure on the family budget. Never buy anything in a hurry. When the urge to get something new hits you, take some time to think. And ask yourself these questions before insisting on getting something new: “Do I really need this”, “Can I do without it” or “Is there an alternate already at home”.

Shop wisely

When you do need to buy something, especially if it is expensive, spend some time in searching for it in different shops and you are sure to find cheaper options for the things you need. Some shopping centres, specially the fashionable malls, are more expensive and you can get the same things from other markets at much cheaper rates. Don’t feel shy to ask around, and always try to get a good deal for the things you need to buy.

There are also factory outlets of different products and brands, where some products and designs are sold at discounted rates. There are also wholesale markets of most things where you can buy things at wholesale rates, that are much lower than the retail prices of the same products.

All of us like to use branded stuff, but often we can get nearly the same quality in other brands in much cheaper rates. And if you really want to buy expensive brands, wait for their sales when you can get your required things at a reduced price. If you plan your shopping well in advance, you can always get the things you need at cheaper rates.

Be both penny and pound wise!

Only because a burger/pizza jaunt or a famous garment outlet is offering a “buy one get one free” deal, you needn’t rush to it. The shops are charging enough from the sale of one to give the other free to customers. Remember that you have to pay for one and even that can be an extra burden for the family budget.

Soft drinks slash their prices many times a year, this doesn’t mean that you must have them on the table all the time when the prices are down! These deals and advertisments misguide us into thinking that we are saving money when buying something, while actually you are being lured into spending unnecessarily!

Also remember that home-cooked food, plus homemade lemonade is always a better, healthier and cheaper option. The same rule applies for school lunch. Snacks made by mummy are always much better, healthier and cheaper than what you can buy at the school canteen.

Help out wherever you can

Be sure to switch off the lights and fans, when you are leaving the room. Keeping the television on the stand-by mode is unnecessary and it increases the electric bill.

If you help out a younger sibling in subjects he/she is weak in, your parents will not need to acquire extra help for them. This will be supportive as they will not have to pay expensive tuition fees which are always an extra load on the budget.

If you press your own clothes, make your beds in the morning, polish your shoes, assist mummy in laying and clearing up the table, you can help her in cutting down on the household help she employs. These small tips will prove to be both financial and physical relief for your parents.

Learn to save

Learning the habit to save money early on in life will go a long way in helping you in the later years. Small amounts you save from your pocket money, or the cash gifts you get on your birthdays and Eid, or even the loose change you throw about carelessly, can build up into a considerable amount. You can use this money to get things you may need without burdening your parents.

Be happy with little

The key to a happy life is contentment. Once you learn to be satisfied with the best your parents can afford, you and your parents will both feel happier and satisfied. Competing for material things with your friends or classmates will only enter you into a rat race which has no ending. And the end result of this race is frustration and problems for your parents and later on for yourself when you grow up and start earning.

Be grateful for what your parents can provide instead of grumbling about what they can’t! Leading a simple lifestyle and curtailing your wants will make you happier. Remember, every advertisement is just a ploy to make us spend our hard-earned money on something we don’t really need. Even the latest and most expensive thing and gadget can only give you pleasure, not happiness.

Over the years when you look back at your childhood days, you will be surprised at how these simple tips made life easier, happier and more relaxed, both for you and your parents!

Published in Dawn, Young World, March 19th, 2015

5 thoughts on “Living within a budget

  1. When I started reading “Dear friends, most of you are too young or inexperienced to be aware of…….” I was thinking why you started like that until I found that it was written for Young World 🙂
    Nice write-up and good advice to youngsters.
    Jazakillaah Khayr.

    • Jazakallah for reading and commenting. I am a regular contributor to Young World and I feel it is the moral and social duties of writers to instill good and positive values in our youngsters.

      • The News International’s patriotic tradition
        Since a child I have always been fascinated by The News International for paying tribute to various festivals and important days through special editions and logos etc.
        I still remember going through Us Magazine as a kid on 14 August for example and not only reading special content for the day but also specially historical photo shoots in which the models were dressed up in various national dresses. And decorations adorning pages like flags and pictures of the Quaid-i-Azam.
        The News has carried this tradition till today. ‘The News’ on top of front page was in green marking March 23. It is so good to see such patriotism on special occasions, and it is a way for our younger generation to remember these days.

  2. Since I got married I’ve been living on a budget, trying to save for a house. its hard at first but then you get use to it and after a while those added luxuries you used to spend money on truly become unnecessary.

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