Where to Spend Money

We earn and spend money.

• We need money to live. So, we like to read articles on how to earn. We are running after creating new income streams.

The desire for earning drives us all.

Because we require to spend our hard-earned money doing multiple things.

• We buy food items and daily utilities.

• We pay bills for electricity, water, etc.

• We pay tax.

• We also spend money on traveling.

I strongly feel that there must be some deep thinking before deciding to spend our hard-earned money.

How much money do you spend on commuting?

Have you ever noticed how much money you spend on commuting? It may include air travel, passage via train, and on the road by taxis, etc.

• How often did you spend high cab fees instead of traveling by community bus services?

• Did you need a costly cab service?

Some of you may argue that private taxi services are better than bus services.

• There are good bus services available in most urban locations.

• The cab fares are higher than community bus services.

• Sometimes, when we don't have any hurry and carry heavy luggage, we can travel by community bus services.

The money saved on local commuting can be utilized to buy food items, groceries, and many daily utilities.

An example of reasonable money spent on local commuting

• Shashi Kumar is a seasoned tech specialist turned entrepreneur based in Bangaluru, India. The place is full of offices of big IT companies. It is a real story I have read on LinkedIn.

• Shashi's LinkedIn post explained how he decided to commute by a prepaid community bus service instead of costly cab services in the city.

Look at the comparison of costs of traveling from Bangaluru international airport to his place of visit by a community bus and different cab services.

Image Screenshot Source

Shashi paid INR 290 as bus fare, whereas the popular cab fares were ranging between INR 2325 and 2377.

• Shashi can afford to pay the fares of the popular cab services. But, he decided to opt for a community bus service because that served his purpose nicely.

• Shashi's decision saved him about INR 1610, which he could spend on buying food, groceries, vegetables, and so many things.

Concluding remarks

Think and decide where to spend money.

• We do hard work to earn money.

An example of spending on local commuting gives light on how we may end up wasting huge money on taxi cabs without thinking.

• We must give thoughtful reasoning before deciding where and how to spend our hard-earned money.

We must spend our hard-earned money on real necessities.

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Unity (Debesh Choudhury)

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Nov 04, 2022