Alexandoy
VIP Contributor
This may sound silly or perhaps funny but it is true in my case that generosity is one factor that goes against saving money. There was a time that the amount of my savings was nearing my target for buying an appliance when calamity hit our place. I had to distribute some food packs to some neighbors which depleted my savings. You may say that it is a noble act and indeed it was but for my benefit it was not.
We have to balance our action against the consequences. Being generous has a bad side effect on our resources. About 10 years ago I made it a point to stop helping people financially, no more lending money because most of the borrowers don’t pay back anyway. Now I have peace of mind when I decline their request.
We have to balance our action against the consequences. Being generous has a bad side effect on our resources. About 10 years ago I made it a point to stop helping people financially, no more lending money because most of the borrowers don’t pay back anyway. Now I have peace of mind when I decline their request.