This month has barely even started and I'm already broke. So are most of my friends. We survive on Maggi, and our favourite pastime is to look hard at our bank balance to figure out where the money went.
We figure out its mostly on the #Friyay parties, online shopping for things we don't even use and loads of junk food which will probably clog our arteries. But that doesn't stop us from planning how to spend the salary we haven't even got yet.
I mean, I've got 3 online shopping sites opened here on my browser.
That's how we millenials (the changers of the world, harbingers of change and the future of tomorrow) live our lives.
You see, most of us have lived middle class lives, upper or lower. We've been taught to spend carefully, make a purchase only when we really need to and save up most of our money for bigger things like a car or a house. I mean, how many times did you end up buying clothes in a year as a child? How many times did your parents take those wanderlust vacations? And exactly how many times did you see your parents spending extravagant amounts of money only because it is a Friday?
But when we finally start earning, we find that we cannot be obtained in that economic boundary. More like, we assume so.
After having been told what we can and cannot afford, we think that we finally have control.
Hence, we splurge.
We tell ourselves buying one top a month couldn't hurt, taking a trip that you pay for on your credit card would do us some good and my God, who the hell doesn't go out on a Friday?
We do all this and more just following social trends.
We need to be well-dressed at work, we have told ourselves we should take vacations and in the age of networking, we can't just not go out.
That is how you think, right? That is, more or less, how you spent your salary yet another month, isn't it? All you want to do is reach that idea of luxury. You want to look like a million bucks, literally.
But listen up fellow millennials, this cannot work for too long.
You give an illusion of being 'rich' to people when you wear that dress you bought on a credit card and that phone which you were able to purchase because of the EMI system. And these things might just last you a while but the drinks you spent on last night just put you way off budget.
And no, your salary doesn't really matter.
Because the more you earn, you feel you can spend more. When you get an increment, you carelessly spend on clothes, technology, trips and maybe even a more expensive flat.
All we're doing is spending.
On top of that, all that stuff you can't buy in the first place but bought on your credit card, actually costs you way more because of the interest.
But here's the thing about money: if you're not saving it, you're definitely not multiplying it.
Before you make a purchase, ask yourself if you really need it. If you've got clothes that will last you at least 2 weeks, do you really need to add more to the collection? If you need a break, how about taking leave and visiting home instead of chasing #wanderlust? And if you really just want to meet your friends, it can be a BYOB house party too, can't it?
But most of all, go back to your roots. The economical boundary that your parents placed on you made sure that they could save up. For medical needs, for good education, for a comfortable house, a decent car and most of all, for living comfortably after retirement. At the speed millennials are going, we might just not have any money for retirement.