14 Mar 2008 02:21:23 | P.C
It is very important for one to understand the time value of
money. Especially we should let our next generation know about
it. As the sea wave keeps on coming without any hesitation, life
also flows on. It is important to make a child understand about
the journey of time along with the changing value of life.
Do you see people using the old coins nowadays? I am sure you do
not. But you remember them as your grandmas must have kept a
few. This paisa is to be kept in with you only as they are not
in use. Similarly, today we can buy things with a 10-rupee note,
right? If I give you a ten-rupee note, you can immediately go to
the next shop and buy a chocolate for you. Do you think even
after a couple of years you will get the same chocolate with 10
rupee? I do not think so and I am sure you will agree with me,
too.
Let us think about your latest toy, which your father bought you
last week. The latest remote controlled car cost him 200$. My
dear, you won’t believe that I bought this car just a year back
for 120$ only!! Now, you might think that, as there are the
changes in the newest model, so the company has increased their
price. Yes, you are right to some extent but there are other
reasons too. You know that the price of everything is increasing
day by day. So to retreat the market value one has to increase
the price. The cost this company used to spend after the toy has
been changed. Now, as the new technology has come within a year,
they also had to improve the quality of their toy. If they did
not improve it, you would not ask me for this toy, right? Tell
me if it would not be as sophisticated as it is and better than
your previous ones, then would you like to buy this? No dear,
you would not, nobody does. It is the market where everyone
wants something better and thus, the price is getting higher
accordingly.
In your childhood when you used to collect donations for the
poor kids, how much people used to contribute? I think people
used to give you Rs. 5 minimum. Now, if you ask for that, you
will not get less than Rs. 10 from a person. It is because
earlier value of Rs. 5 is almost equal to value of Rs. 10 these
days. You hardly get anything with Rs. 5 now, while you will get
a chocolate, a packet of potato chips or may be a small toy at
Rs. 10. Even you can get a pen at Rs. 10. So, are you with me?
Do you understand the difference now?
One more example will be suitable for you to understand the
matter. What is the price of the cricket bat you want to buy for
yourself? Aren’t you saving your pocket money to buy that this
year? Now, now, you are caught! I knew it, do not worry,
everyone has his secret desires and I also had this once. Let me
share a story with you. When I was a kid like you, one day I
went to the market with my mother. There I liked a talking doll
and it was saying “mummy mummy” and “pappa pappa”. It was so
adorable that I wanted to buy. However, my mother did not have
that money to buy me then so she rather bought me something
else. Well, I came back, but the dream of having the doll with
me stayed. That year I did not buy anything in the Pujas and
saved the money. Then again in the festive season I did not buy
a new dress and saved the money instead. After that I told my
mother to buy me the doll with that saved money. Wow!! It was a
lovely experience when I got to get that doll from my saved
money. That was a superb feeling indeed. I have told you this
small story because I know some of you must be saving your
pocket money for your desired “thing”. If it is a Cricket bat
then I am sure you need not save as much as I had to. Now if you
don’t buy 1 dress in a Festival or just save 4/5 months’ pocket
money you will be able to buy it. this is because what I used to
get as pocket money was lesser than you. The reason is, the
value has been changed. If I give you the same amount, which I
used to get as a kid, it won’t be suitable for you. Thus, the
change takes place in our lives too.
I think it is now clear to you how the value of money changes
with time. Now, one most important thing. You should realize the
value of money as well. Do not ever waste money unnecessarily.
It is a curse to you if you do so. The God will be angry with
you and you will be in trouble. Save money as this plays a major
role in your life. If you understand the value of saving and not
spending it without necessity then you will surely have a bright
future.
However, the value of money changes with time yet the concept of
money never changes. It never looses its importance in our life.
Ask your grandma about their life. You will be amazed and
astonished with the description. Sometime you might feel that
she is just telling stories!! Well, it is not so. After a long
when you will become a grandma and your kids will ask you this,
they will be equally shocked to know that you used to get a
chocolate at Rs. 10!
As a growing kid, you should realize this. It is very important
to understand the basics of life. One of the major things is
this, to understand the time value of money. I am sure you have
understood this well and do not have any doubts in mind. There
are certain things, which cannot be told, you have to realize
them from your heart. Other things I have tried to tell you so
far.
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