Yes, we are intrinsically and genetically embedded into both the art of saving as well as not saving.
Saving and not saving are both virtues. We gave away smiles and shared goodwill… and saved some money every month and whether it was deposited in the bank, PPF, or FDs bought, this saving also resulted in creating reasons to smile. Yes, savings also helped us share gifts whenever possible. Over the years it is these two things that have managed to give us a life that now smiles back without holding back.
Even when I say that not saving is a virtue, what I really mean is that it is saving a life, a relationship, and a bond. We all know a lot about saving money in banks or other financial institutions… but what needs an explanation here is how not saving charmed us. Yes, Specky, my wife and I are both staunch believers in giving away smiles and shared goodwill in both cash and kind.
Let me tell you of an incident that happened more than twenty years ago. We had been reading about a lot of little orphan girls being brought up by some agency that gave them a home-like environment but declared and admitted that more funds will help. They had then a scheme where we could sponsor a girl child’s education by sending in a donation.
‘What do you say to this?’ asked Specky one day, showing me their ad in the daily newspaper.
I looked at it, thought for a while, and replied, ‘We actually do need to save for our son’s education as well.’
‘Son’s education,’ she replied, ‘yes, that’s true. But what about helping this agency nurture a girl child?’
We had no intention of going for another child and this idea was discussed for a few nights… and I still remember that we finally decided to sponsor a girl child. I must admit here that this is the first reference that I am making to that incident that happened in the mid-nineties… and I’m sure that girl must be in a vocation of her choice by now. I must also admit that those were times when we did not have any amount saved anywhere and life was almost like living off the salary we got from month to month. It wasn’t an easy decision… but we now look back and recollect how we hugged each other after we had sent our first cheque.
We had realised even then that the economics of life is all about saving as well as not saving… that is, not hoarding all your smiles and goodwill only for yourself.
My video from HDFC Life #MemoriesForLife
16 March 2016