Learn about money(Lesson 1)

BASICS ON MONEY

RAM AND BHEEMA 

Two bikers, who were on a long ride injured by hitting each other bikes, they managed to get themselves to the nearest hospital. Later after treatment, Ram realizes the other guy is Bheema who is his school friend, and gets into an ocean of conversation since it has been years since they met last time. During paying the bill Ram notices Bheema checking his purse again and again and then paid finally with a dull complexion.

RAM:

Ram enquired about it?

BHEEMA 

Bheema said I am earning 50,000 per month, 30,000 or 40,000 spent on expenses every month with 10,000 or 20,000 per month what do I have to do after my retirement replies in frustration.

RAM 

Ram with a smile asked his friend "What do you do as soon as you get your salary?

BHEEMA 

Bheema said I am going to buy what I need.

RAM

Ram said things what are they?

BHEEMA 

Bheema with a confused facial expression

*Rent

*Food

*phone bill

*watching movie

*buying a watch or phone or clothes whichever is popular in the market

RAM

That's right but I am concerned about the method you are following.

BHEEMA 

What? Said bheema

RAM 

Every month you get your salary first keep a portion of it for your savings. When you do this you will restrict yourself from buying things you don't need?

BHEEMA 

I am not buying unnecessary things.

RAM

But just now you said popular items in the market, so you end up buying whatever is popular in the market, regardless you need it or not. Was what you bought last month required or not?

BHEEMA 

Bheema said I bought the latest smartphone absolutely it was not necessary because my previous phone is working well. Thank you Ram today "I learned the greatest lesson in my life."

Lesson learned :

Income- saving = expenditure is CORRECT

Income - expenditure = savings is WRONG