Are we becoming penny wise and pound foolishMany of us are used to the luxuries of life and some of us certainly aspire for the same in the new urban world. We go bargain hunting, buy groceries at today's deal prices, travel with monthly passes, book holiday tickets or flights in advance, use discount vouchers when we buy or do transactions for day to day needs.
Yet we (some of us) have two cars (EMI outflow), an apartment in an upscale neighbourhood ( EMI + maintenance outflow), have a good social life (expenses with luxury taxation outflow), good but expensive tastes ( alcohol, eating out at good restaurants, branded clothes and watches) which are priced at the higher end with good GST taxes). All this with the assurance that 'all is well' and holding a job in a changing world.
So are we living beyond our means, are we becoming pennywise and pound foolish in our lives?