Note: This post was originally written for Tricon Infotech's quarterly newsletter 5th edition .
Having completed 7 years in this Software Industry, doing my job has become much easier for me now. I know how to handle work tensions, how to manage work on weekends, how to juggle between family & social life without compromising with my hectic work schedule. Taking the client calls at unusual timings, not having dinner with family members, going home late, etc., are very normal things for me. I have become used to these things in my life now. Since I'm used to all the toughest things in job, they don’t seem to be tough any more. They have become a part of my life. And finally at the end of the month, I will get my salary because of it.
Everyone knows salaries in software industries are better than lot of other industries. But people don’t know that most of the software guy’s bank accounts will become null by end of the month. This will be due to various reasons like
- City culture
- Lot of options to spend money in cities
- Inflation
For people like us, living in metro cities, spending thousands of rupees on a weekend is the easiest task to do. I must say it is like a walk in the park. And to support our cause we have 8 weekend days per month.
- Go to Wonder La (amusement park) with Family of four. Boooom 4000/- is gone.
- Two pastries and two coffees at CCD. Boooom 1000/- is gone
- Go to a movie in multiplex on weekends. Boooom 1000/- is gone. (Applicable only for 2 people)
- Don't ask what happens when we plan an outing outside Bangalore. Will end up paying 2000/-, only for the car rent.
Even though the salary slips show some lakhs, I don't even have 1 lakh in my account for medical emergency. It doesn't matter how many lakhs I earn, I can never be richer with those empty bank balances. Whether I liked it or not, I started savings for the sake of tax benefits under section 80C. Every tax saving scheme requires 3-5 years of waiting time to give the returns. It will be painful not to enjoy the money immediately. But when I started getting returns, I realized how useful those savings are. With small amounts every month, we can achieve smaller dreams. But to achieve bigger dreams we need big amount. This is where savings will help.
With the inflation going higher and higher, now I see those returns helping me big time and making me feel safe and secure. Medicine is always bitter, but cures illness. The same way savings are tougher, but makes your life easier. Once I realize the benefits of savings, I decided to keep 25% of my salary to savings. The remaining 75% is still with me to enjoy the current moment. This way I’m happy “Right Now” & I’ll be happy in “Future” also. Now I feel "Savings are the real earnings".