Frugality lifestyle is living an economical way of life, being able to plan expenditure to the minimum, living in a small house/apartment, eating what your financial budget can afford and planning on conserving, surviving or thriving on minimum amount of resource. To live a frugality lifestyle one must have a strict and disipline will, to be able to resist the impulsive consumer habits and to conserve whatever remaining resources.

Most of us have experienced frugality lifestyle in our lifes before but many of us just don’t realise it. When we decided to move out from our parents house and plan to make a living on our own, or when we are having a bad economic down turn, thats where the frugality lifestyle kicks in. Our mind and soul will tell us to be in a “safe cost mode”.

Some people consider frugality lifestyle as a habbit. They just want to live a simple life and are happy about it. These people are mostly singles, old couples and those who cannot afford for anything more. As long they have a small comfortable place to stay and food to eat then everything is Ok for them.

                Whenever the term “economics” is mentioned in discussions and on the television, most people visualize things such as money, banks or even stocks. Although these objects do related to the topic of economics, it is not the complete picture. Essentially, economics is the study of the consumption, production and distribution of resources within a system known as an economy.  Money and banks are factors affecting the price of resources produced, but should not really affect the amount of goods produced and consumed in the long run. The term resource does not only reflect only upon materialistic goods such as gold, oil and copper, but it could also be refers to something known as human capital. Human capital is the idea that the skills in which each worker possesses is considered to be a form of capital/resource. Therefore, it is important to not be mistaken by the term “resources” by only associating it with materialistic goods. After explaining a few basic concepts of what economics is, the main topic of this article is determining the difference between macroeconomics and microeconomics. Although the two terms sound very similar, the difference between the two is quite large.

                The term microeconomics typically refer to the ideas and concepts that analyze the economy making the assumption that the economy is only restricted within the confines of a nation. A circular flow diagram is a perfect example in depicting some key concepts of microeconomics. In a circular flow diagram, it shows an outer circle and an inner circle. The outer circle is the total  production and consumption of an economy,  which shows how the firms uses the worker’s labour as resources to produce goods and services  The people producing the goods must also be the one’s consuming it. Therefore, there Is a feedback loop. The inner circle is used to show the total expenditures in an economy. The inner circle shows how the money flows in the economy. The firms pay wages for workers and the workers’ pay the firm for their goods. The company takes part of the money as profit and the rest are reinvested back into the company to pay future wages or increase company capacity.

                Supply and demand are the most basic and essential concept mentioned in both micro and macro. The idea of supply and demand always exist within the economy because there will always be sellers and buyers in the market.  Supply is the amount of goods and services that someone is willing to sell at a specific price. Demand is the amount of goods and services that someone is willing to buy at a specific price. The intersection of these two functions is called the equilibrium point. There are many factors that could cause these lines to shift and move up and down the curve.  These factors include natural disasters, availability of a cheaper substitute good and taxes incentives from the government.

                The term macroeconomics refer to the idea of viewing the world as a single economy and examining how each country influence each other through trade. Some of the topics mentioned in macroeconomics are GDP, GNP, inflation rate, exchange rate, supply of money and world prices of goods and services.  GDP (Gross Domestic Product) accounts for all the total goods and services produced in a country. GNP (Gross National Product) accounts for all the total goods and services produced by people with a specific nationality of that country. The difference is that GDP calculates all produced goods in Canada regardless of a person’s nationality. On the other hand, GNP accounts for all the good produced by  a Canadian and not necessarily all the goods which are produced in Canada. It is possible that someone is Canadian and is producing goods in a foreign country (foreign direct investment).

                The exchange rate and inflation rate are both in relation with the supply of money in a system. As more money is printed out, the exchange rate will decrease because the value of each dollar decreases. Since the value of money is diminishing, it will require larger sums of money to buy the same amount of goods and therefore inflation exists.

                Overall, these are only some concepts than a give someone a little taste of microeconomics and macroeconomics and is not a true representation all the topics in this field. The topics I have covered here is only about a chapter or so and therefore should not be used as review material.

It was wise budgeting that helped us become not only happy homeowners, rather enjoy some memorable vacations in the last few years. In those difficult times (after we had just managed to shed off our debts), budgeting helped us to live happily in our own home when several other people of our generation were unfortunate.

For us, living on a tight budget was not an exercise that we continued due to utter scarcity; rather we accepted what was reality. It was our unrealistic nature due to which we got into troubles and suffered tremendously. It was only then when we decided to dig out our finances and saw how the debts were piled, we decided to make smart decisions about our budget.

Below are some of the ways through which we enhanced our income to meet the swelling expenses:

Not overspending on non-essentials: Though this sounds easy, it was not at all easy for us as we were habituated to overspending. However, as we knew how much we were earning, we knew exactly how much we could spend. We earnestly tried to stop spending on non-essentials such as eating out or spending lavishly on weekends with family.

Coupon clipping: I’m not a coupon diva, but by checking the periodicals carefully, planning a week’s worth of meal at once, and using coupons on things I was going to buy I had saved around 40% on each shopping trip I made.

Driving less: Though our car was a gas-efficient one, we decided to reduce using our car on trips or for any other purposes. Like most Americans, we also used to live in a community that was sprawled in some acres and that was not planned for walking. Still, we made use of our car as less as we could and saved a lot.

Nowadays, sticking to a budget doesn’t help us in that way as it used to do even few years back. However, the habit of cutting costs and living within or below your means still helps today to some extent.

Mother’s Day

is one of the special dates more often people remember than forget. This is the day where we can have the opportunity to express our gratitude towards the woman who carried our innocence in the world for 9 months and perhaps until in our teenage years.

Now, you might be wondering what is the best gift you can give to your mom this Mother’s Day, I have some tips that can be very helpful and will surely be fitted in your budget without compromising thoughtfulness and tender loving care.

1. Treat your mom in a spa - It won’t cost you a lot. And day spas are a lot cheaper than the resorts spas. Depending on the kind of service you want to avail,  the costs you are going to spend will be around $80 – $130. Sounds too much? You can give her and yourself a manicure or pedicure for only around $30 and both of you can do a bit of a chitchat while the manicurist are polishing off your digits. Suggest to paint her nails red, it will make her feel more sexy. 

2. Bake her a cake – Now, if you are not a type of guy who knows the way into the kitchen, you can order a customized cake for your mom or you can design it yourself. You can buy a small round one for only $6 -$10, and for an additional touch, but some rose buds in her favorite color, and scatter the petals around the cake, not on the cake, but perhaps in the sides if the box where the cake will be packaged.

3. Buy her a house tool – Whether she is a gardener at home of a great cook, it will be practical to buy your mother something she can use. An electric mixer if her old one is not functioning well, garden gloves if hers is already worn out, assorted colored threads if she does cross-stitch, and many others. It will not only look like you are being sweet but she will know that you care enough to give attention to details in everything she do.

One thing, which is the most important, give her love and affection. Be kind. Mother’s Day only comes around once in a year, so make her day worth remembering.

Due to the shortage of reasonable housing, government has been urged to step in and modify true by easing the look method and giving a lot of land for development. several ‘brown belt’ and ‘green belt’ lands are currently obtaining approved for development functions and there are varied money schemes to assist with the prices.

But do not be fooled if it’s like a straightforward money-making answer. it’s not! it’s risky business and if you do not apprehend specifically what you’re doing, you will find yourself losing over you have got initially invested. fairly often even the foremost experienced developers will loose cash on their comes. If you’re thinking of beginning it yourself, it’s perpetually vital to grasp where to search out all the relevant contacts that you just can want before, throughout and when your project. Things like designing, surveys, finance, solicitors and conveyancers, building contractors and suppliers etc. opt for the incorrect company and your project could also be delayed, price a lot of or maybe fail.

What to do? Where are you able to notice the proper individuals to figure with?

The first that comes in mind for several would be wanting in telephone book or similar directory, however which will slender your search to only your native trades. Next may be a search on net using Google or Yahoo, however this may come back voluminous irrelevant results. All that takes time, that most of the time you do not have, and you will still not be able to notice what you’re yearning for.

The better possibility would be to go to specialist on-line directory for property development. There you’ll be able to notice all the companies associated with property development in one place, organised into totally different classes like solicitors, surveyors, building contractors and thus on. every listing provides you with a lot of info concerning the business, their contact details and there’s usually a review and star rating system in place thus you get a higher plan on who to decide on.

There don’t seem to be that several of such specialist directories on the market and not all of them are up thus far thus you may still got to do some analysis, however once you discover the location that’s appropriate for your desires, remember to bookmark it for later use because it can, for sure, come back handy within the future.

Awadhesh Kishore and HS Sisodiya*

Sarvoday Mahavidyalaya, Chaumuhan-281121, Mathura INDIA

*Central Institute for Research on Goats, Makhdoom, P.O. Farah-281122, Mathura INDIA

Summary:

Planning Commission and the Prime Minister of India! We are ready to pay Rs 1100 per family member per month to the Government of India for fulfilling all our requirements. Keep it in mind if we spend this much money, we are not a poor. Either manage a policy for or roll back the cruel definition of poor Indians.

Keywords:

Budget, India, Indian, Planning Commission, Poor, Prime Minister, Rural India, Urban India.

We are Indian and if we spend Rs 32.17 in urban India or Rs 25.19 in rural India, we are not poor. Times of India reported, “The Planning Commission told the Supreme Court on Tuesday that anyone spending more than Rs 965 per month in urban India and Rs 781 in rural India will be deemed not to be poor.” The news paper further reported, “According to the new criterion suggested by the planners, if a family of four in Mumbai, Delhi, Bangalore or Chennai is spending anything more than Rs 3,860 per month on its members, it would not be considered poor.”

The common Indian wants to maintain a living standard that is above than that of a poor Indian but he is not so intelligent economist to manage its budget within these ranges i.e. 965 per month in urban India and Rs 781 in rural India. This is the problem and difficulty which is associated with the common India.

I have a suggestion for common Indians. First of all stop criticizing planning commission of the country and the government of the India because after all they are working for India and Indians not for any other country and countrymen (i.e. Pakistan or America).

I do agree that we are not so economist, in these circumstances what we can do to prevent us and our family from starvation. The inflation rate is so high. Butter oil, milk, pulses are already removed from the dishes of the common countryman.

The government is working for common India and common Indian and providing an opportunity to have a good living standard which is above than that of a poor countryman. You need to pay the expenses as per fixation by the planning commission of India along with the service fee and service tax to the government and that will manage you all of you basic requirements including the need of food, cloths, residence, education and health etc. If you pay one rupee more than the figure you will not be poor and will enjoy the supremacy than that of a poor which is poor.

You need to make the efforts to earn at least Rs 1075 per month per head if you wish to live in urban India and Rs 870 per month per head if you wish to live in rural India. You need to pay this much money to the government of India to manage your all the needs. As you are not a poor Indian therefore the government of India will manage the needs accordingly. The calculation is very simple.

If you are living in metros you need basic expenses of Rs 965, 1 rupee for being above than that a poor person who is called poor, Rs 97 (at the rate of 10%) as service fee and Rs 12 (at the rate of 12.5%) as service tax. The total is Rs 1075.

If you living in rural India, you need basic expenses of Rs 781, 1 rupee for being above than that a poor person who is called poor, Rs 78 (at the rate of 10%) as service fee and Rs 10 (at the rate of 12.5%) as service tax. The total is Rs 870.

I am a poor country-man of India and demand the government to fulfill my all the needs which are better than that of a poor person called poor. I am an Indian and think for India. I may contribute Rs 25 per head per month to the Prime Minister’s Relief Fund for serving the nation. I promise to pay the government of India Rs 1100 for each member of my family every month.

We the Indians request to our beloved and Hon’ble Prime Minister to declare this policy within this month i.e. April 2012 or maximum next month, so that we along-with so many other families can be a member of a posh community and enjoy prosperity.

If in case, you know that you cannot make and implement such a policy, you can at least stop to joke on poor common Indian. You and your Planning Commission may roll back the cruel definition of poor Indians. We would like to realize you that you are the Prime Minister of whole India not of any single part or any country other than India, therefore, your priority is expected for India and common poor Indian population and make welfare policies for them.

Just about everyone confirms that a awesome night time meal and a excellent wine beverages at a basic, romantic eating place will set the feelings for romantic endeavors, but have you seen the price tag? Not everyone can manage to invest big money on romantic endeavors ever time, but a bit of creativeness can get the same outcomes without emptying your wallet.

While most people know about ‘his and hers’ products like robes and shower, there are a variety of other products that can be experienced together as ‘couples’ products.  Try getting related T-shirts with adorable phrases on them.  Have related his and hers instantaneously bags, java cups, bikes, mobile cellular phones, vehicles, vacation decorations, golf racquets, swaying seats and even related designed pumpkins on Halloween parties night.

Surprise your associate by creating the normal a little more unique. If he or she is experiencing a bestseller, eliminate the search for and substitute it with a observe that says, “I bet you are going to never think where I’ve invisible your search for.” If they always convert the TV on when they come home from work, record a observe on the tv that says, “Wouldn’t you rather convert me on?” instead.  

Making essential reminiscences is one way to be enchanting on a funds. Obstacle your associate to keep in mind the most enchanting hug that you have seen in a film. This will cause to some conversation about enchanting spirits and should boost the feelings. As a shock, buy that film one day and try to reproduce that unique enchanting kiss! Keep it in a unique place and re-watch it whenever the feelings hits. If you cannot acknowledge on the individual most enchanting hug, go forward and make a top five record. This tip performs for anything. The top five most enchanting music. The top five most enchanting films. The top five most enchanting guides. You see the design. Create sure to go forward and buy the guides, music, films or whatever so you can use them later on.

 If you want to strategy the greatest enchanting night time but resources are low or you basically never want to have to set off, turn down the energy and replicate a energy disruption (it’s up to you whether or not you tell him or her!).  You will not have any disruptions or warm, so it is up to both of you to keep the other heated and captivate each other.

It’s difficult to find anyone who does not appreciate an Oreo dessert.  Take an Oreo (or general edition of one), the begining the top of the dessert until sleek and then the begining a center and your name into the sleek exterior.  You can also build your own treats and make individual information.  Another edition is to make your own cakes and ice them with unique information in red frosting.  You can also provide your partner a real cure and monitor down a box of his or her preferred Lady Look dessert.

These 5 easy thoughts are sure to heated up any connection. Do not be frightened to try easy guidelines and changes to “routines” to liven things up without having it price a fortune!

Congressional statement by Air Power and Fast commanders, plus a new review by the GAO, added bad information on a system that was already almost a several years overdue, thousands of huge cash over its unique funds and vexed by mismanagement, protection problems and rigged analyze outcomes.

At an approximated $1 million to create, buy and assistance through 2050, the Lockheed Martin-built F-35 was already the most costly traditional weaponry system ever even before Tuesday’s programs. The Air Power, Fast and Sea Corps are depending on purchasing as many as 2,500 F-35s to substitute almost every strategic jet in their present selections. More than a variety of overseas nations are covered up to obtain the stealthy, single-engine fighter as well.

In its review the GAO set aside its most serious terminology for the JSF’s application, which organization professional Eileen Sullivan said is “as complex as anything in the world.” The new jet needs nearly 10 thousand collections of on-board value, when in comparison to 5 thousand for the mature F-22 and just 1.5 thousand for the Navy’s F/A-18 Extremely Hornet. “Software offering important JSF functionality has expanded in dimension and complexness, and is getting more time to finish than predicted,” the GAO cautioned.

Software setbacks plus ongoing technical and protection issues encouraged JSF system primary Adm. Mark Venlet to back away from a organization routine for the new fighter’s frontline release. When the F-35 was created in the overdue Nineties, it was predicted to start traveling battle tasks as beginning as 2010. Lately army authorities have described 2018 as a likely start time frame. In his Congressional statement, Venlet dropped to even discuss a possible period of time for the JSF’s assistance entrance.

The GAO forecasts the JSF’s $400-billion mixed progression and generation price will develop later this season, once the Govt determines a new system “baseline” — something it’s already done no less than five periods since 2001. Aside from a 400-plane decrease in 2003, the Govt has always decided to improve the program’s funds rather than cut generation statistics. Which is no more possible, Air Power Assistant Eileen Donley informed The legislature. “To the level that there keep be price development or difficulties … we’ll have to take down the variety of planes,” he said.

Air Combat Control, which manages most of the Air Force’s fighter squadrons, seconded Donley’s perspective. “We cannot basically buy our way out of our issues or deficits as we have been able to do in the last,” the command described in a review the other day.

If reduces do happen, the U.S. will be in good organization. Modern australia, North america and Asia have already started assistance away from the struggling JSF as the new planes has progressively overtaken their costs. For these nations, solutions involve the Extremely Hornet and an improved F-15 from Boeing, Lockheed’s new F-16V and the Western Storm, Rafale and Gripen martial artists. But so far the U.S. army wants the F-35, even if the stealthy jet is more than a several years overdue, twice as costly as initially approximated and available in less statistics. “We will stay dedicated to the long-term achievements of the F-35 system,” Air Combat Control declared.

While it is the prerogative of any party to do what it wants to, but in this case where the Congress was ahead of the BJP by merely a single seat, there is every reason to know what prompted the Congress leadership to choose a member of Parliament instead of a MLA to head the government. And even if Bahuguna was to continue as the CM, the party in this hostile atmosphere will have to face two elections—one for Tehri Garhwal, which the new CM represents in the Lok Sabha, and the one from where he will have to seek an election to the Assembly. In the by election there is every possibility that Bahuguna’s own cousin and former chief minister BC Khanduri maybe asked by the BJP to contest against him. In other words, the party has taken a risk where there was no need to take one.

A thought that is crossing the minds of many is that if the central leadership was hell bent upon denying Harish Rawat the opportunity to lead his state, the natural course left to it would have been to pick either Yashpal Arya, a dalit and PCC chief who is amongst the victorious candidates or HS Rawat, the leader of opposition in the last assembly or a woman, Indira Hardesh who has won by a very big margin. The decision to appoint Bahuguna has divided the party and even if all the rebel MLAs are made to see reason, the revolt has left the Congress leadership red faced.

It is also the first time, a section of the party has challenged its high command’s decision. The political interpretation of this is that the leadership’s authority was getting eroded and if corrective measures were not taken, further erosion could follow.

What should be most disturbing is that the revolt is led by a middle level leader and not a top one. This middle level leader has shown that majority of those who won were with him and not with the one chosen by the high command. Harish Rawat has come up in the party from its rank and file and has been a true grass roots man. He has headed the Sewa Dal and has built the party in Uttarakhand. The MLAs who supported him know that he may not be in any position to give them anything at this stage but the fact that they have chosen him over the high command shows that these MLAs also perhaps know that the high command also cannot give them anything. So between the two nothings, it was better to side with the one who has been by their side during the last so many years.

The Congress it seems is not ready to learn any lessons from the assembly results and if a situation of instability has arisen, the party has itself to blame for it. There are many challenges, which are coming in the next couple of months including the Union Budget and the elections of the President and vice president of the country. Before that, the term of K Rehman Khan, the deputy chairman of rajya Sabha is coming to an end by April 2 and the party may have to face an election for getting the new deputy chairman elected. The Congress on its own does not have the strength and it is possible that the next presiding officer of the Rajya Sabha is from outside the UPA fold. It may thus be for the first time, the UPA may have somebody other than its own as a presiding officer and this trend could continue even for the post of the vice president who is also the chairman of the Rajya Sabha.

The indication of the way the Congress leadership is thinking would certainly get reflected in the selection of the party’s Rajya Sabha nominees before March 19th, the last date of filing nominations. It is to be seen whether those who had come from other parties will continue to get preference over the party’s own home grown soldiers. It is also a subject matter of speculation that a big party re-shuffle is on cards and may see many heads roll to make way for new faces. The Congress has no option but to reinvent itself if it has to cope with new challenges.

A friend said, “But the government, even if it is in a in a bad shape can’t work to defeat itself. With an economist Prime Minsiter and an equally experienced and seasoned Finance Minsiter, one can’t think they will give up.”

By half past twelve, he said with disbelief, the government had given up. It was the budget of a soldier who retreated without a fight. Maybe a sweet revenge on Sonia by Pranab da, for not making him the PM, he winked.

I am not an economist or  financial expert. But the budget has given us reason to believe that those who people the government corridors have now retreated from the dharma of governance. They seem to have conceded defeat and are preparing to abandon “INS India”. Too sad a day, if this is going on in the minds of those whom people trusted so much.

Should we say that the people can’t expect anything from them now? They are there,  because they happen to be there.  Words of seemingly wit-mixed with wisdom, like the Prince of Denmark quote from Shakespeare – I have to be cruel to be kind-so carelessly chosen, and then assurances to fight against corruption, help boost development,welfare of the poor, farmers and labourers, all  these good words , seem to have lost their meaning. The people at the top no longer enjoy that charisma and trustworthiness  that  would inspire us to have their  pictures hung with pride in our study .

India is not just losing hope, India is losing its heroes.

And while serious analysts, with gloom writ large on their  faces, discussed how faceless the budget has been, Sachin electrified us, with his long awaited hundred and the budget we wanted to forget was religiously put to the backburner.

A nation survives on courage and hope. On leaders who really lead are not led by circumstances. The heroes change the climate and mould the circumstances rather than being driven by them. Those who have the heart to stand up and chart out the new path, lead from the front, make the millions feel elevated with their actions and fill the blankness in the eyes of a common citizen, become a hundred times more important than a drab, budget distributing gloom. People needed leaders assuring a future of happiness and freedom from want, making masses invest faith where the ruins were scattered all around, helping at the ground level to rebuild a house of hope.Those alone lead the nation. not those who are afraid of the revenges by a failed elite and ruling through proxy. Meek and their sleeping master’s servants can never inject buoyancy in the fatigued and disillusioned social life of an otherwise  great society.

And in such an atmosphere, the life of our nation finds heroes in Sachins, Abdul Kalams and Annas. People get their heroes in suddenly propped up small social activists and the innovators and unassuming, shy, but committed change makers we see often getting a little limelight on media’s annual social events.

But Sachin stands apart in his own class. His words- chase your dreams- will inspire millions to aspire, dream and rise. The union budget failed us but hope was rekindled  by Sachin. He is so humble, soft spoken, never chases the cameras, takes a stand on social values, lives by the example of his own life, doesn’t boast of his achievements, and proves again and again his brilliance. Even those who can’t distingush between cricket and football, love Sachin for his human qualities. He gives us a message, that it’s not  power and your arrogant, stinking  wealth that makes you a human being, it’s the values that you live and the heart that you possess, alone makes you different and admirable.

Nothing else is necessary in life.  

Thank you, dear master blaster, for helping India smile and keep hopes alive in gloomy times.