Why do we make bad decisions?
We know very well that we should wisely consider our limited resources before making unplanned purchases. But we go ahead anyway and buy those things we can’t afford and then we go broke.
Here’s a timeline of how we go broke in school:
1. Money comes
Either from dad, mum or uncle.
2. Restaurants and Uber everywhere
Because money is everywhere.
3. Reduced lifestyle
Because the money has reduced drastically
And then you start allocating the existing money
5. Account in red
This is when it hits you that you have no money
Then the fear of begging hits you
7. Eyeing classmates and timing your visits
You start timing when to go for lunch because broke
After a few insults up and down and you’ve been dragged because you begged, you resort to borrowing
After you get help from friends, you resort to being meticulous about spending.
10. Weird food combos and missing meals
And to manage until the end of the month, you start taking weird meals and missing meals. 1-0-1 is not bad
11. Money comes again
And you’re baller all over again!