Monday, 14 July 2008

  • Sylvia Porter: Families exists only on paper

    "The average family exists only on paper and its average budget is a fiction,invented by statisticians for the convenience of statisticians."
    Sylvia Porter

    Found this quote online today, and something about it really struck home for me.

    Once you start probing family budgets, expending time and energy researching the
    subject in-depth, it becomes quite clear, that most families are caught in a vicious,
    almost never-ending cycle of “What comes in must go out.”

    Most families might feel that budgeting is a futile effort, unnecessarily burdening
    them with thoughts and ways, to go broke methodically and slowly, without the
    creature comforts and indulgences of our human modern-day society.

    Others might voice that they feel as if they are merely throwing money away, in a
    never-ending and dizzying spiral of spend, spend, spend. People are getting deeper
    and deeper into debt, no matter how hard they try to get out of it. Questions are
    then raised : How do we stop these courses of action? How do we change the
    thinking around family fiscal discipline?
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