Woh.. its been Oct, Nov, Dec of 2008 and then Jan, Feb, Mar, April and mid of May, seven and a half months, since I logged into my Blog and posted anything.
When I look back, its been hard times all along for many of my colleagues and even for the rest of the World. The Fourth Quarter of 2008 was one of the devastating period, financially even for the best of the brands, many failed to keep up the promises or even revised promises done to the Investors and finally bent knees before the Govt for aid to survive. The First Quarter was almost similar, with more companies going burst. But, with all this financial tormoil happening around the world, even the ones who got money in hand, panicked and tried to save everything for the future, by restricting spendings on almost everything, including cutting the toilet rolls available in the washrooms. Sometimes, I think, in case people are surviving today on so thin budgets, how come in earlier times, no one was checking on the expanded budgets available to many a teams to splurge on anything possible, why the companies do go overboard in their spendings when the times are Good and do not keep everything in check. In case any spending is logically required, its reqd at any given time, be it recession, depression or volatile times or bullish times.., to run the business and no one can restrict the spendings which hurts the growth of business. So, if we are able to cut many spendings, definetely much of it can fall into the category of splurging rather than justified spending.
The past few months or I can say quarters have given us a great lesson about living within our means and the importance of the Savings for the future, I think, by these two virtues only, a country like India survived the recession easily and started posting favaourable financial results despite negative growth by the much of the rest of the world.
Lets, learn such more virtues and be able to survive any such effects and also teach others on techniques of doing the same, so that everyone lives happily without worries of EMI's, rents, etc.. Save more and Enjoy the Life!!!