In last 10 years, Ten major reason for degradation of financial situation of a family

1. Vacations under social pressure.
2. Buying a car as a status symbol.
3. Everyone in family owns smartphone.
4. Avoiding home made food and unnecessarily eating out on weekends.
5. Brand conscious for salons, parlours and clothes. Spoiled lifestyle increasing medical expenses.
6. Trying to make birthday and anniversary special by spending more money rather than time together.
7. Grand weddings and family functions.
8. Commercialisation of Hospitals, Schools and tuitions.. education..etc
9. Spending what you haven’t yet earned..by loans and credit cards…
10. Spending tons of money on interiors of house & office and thereby increasing the Maintenance cost….

We are copying others’ lifestyle without understanding our own needs and income. If this does not get curtailed, it is and will lead to lots of stress and anxiety.

Income is not growing at the rate at which expense is growing.. resulting in more distress & less peace.