HOW MONEY INFLUENCES OUR FAMILY LIFE

HOW MONEY INFLUENCES OUR FAMILY LIFE

By Vijoy Alexander

 

Money is an inevitable evil. Without that nobody can live; if you have less or more it can make havoc in your life.

The family is the foundation of human life. Forget about Adam and Eve, or the early families in the Bible like Abraham and Sarah. Let us come to the current scenario. When we were young our parents brought us up. We ate together, slept in the same house, shared with our siblings. A gala life. Never knew any pinch or the importance of money. As we grew we came to know the importance of money which plays in our everyday life. When money dominates naturally conflicts starts. Anything important can potentially start conflicts. When parents have more and enough money children will start fighting for it. On the other hand, if parents are penniless they end up in old age homes and there won’t be any trace of the children who enjoyed the fruits of their efforts and lives.  This is one of those unfortunate events that we all dislike when we hear it, but we see people do this time and time again.  So having money and not having money, both create conflicts in the family.

What are the solutions?

“Studies have shown that financial concerns are among the most common sources of disagreement for couples. And according to the 2014 APA Stress in America survey1, almost a third of adults with partners (31 percent) reported that money is a major source of conflict in their relationship. But money doesn’t have to be a wedge in your relationship. With practice, you and your partner can learn to talk about finances in a healthier, more satisfying way. ” commented in an article of American Psychological Association.

There are many suggestions by different people in various categories of life, but  here we mention a few which we feel as very important:

Create a Detailed Budget

A detailed budget and maintenance of daily accounts will be a practical solution. Budget means ‘ expected’ income and expenditure. Accounts are your daily expenses and income.  It is better you cross-check with your income with your budgetary income or expenses with budgetary expenses.

Set some Goals and Rules

Once you have your budget and accounts are there, it is easy to put some rules as well. For eg.

1.  Average daily expenses for the house including food should not exceed than $____ per day or week.

2. Take yourselves an allowance of $____ per month for personal expense, Transport, Coffee out etc. This applies to each adult individual. If hits on a ceiling, then that is it; no enhancement, no advance and no loans.

3. Separate budget should be prepared for Children’s education, sickness, extracurricular activities etc.

4. Also for House Loan, Car Loar, Personal Loan etc

5. If you are planning to buy a house or new car or go for a vacation, budgeting for it also will ease your finances. You need to find a way for its finance too.

6. Agree that any expenses more than, say $100 will be discussed prior to its execution, if not budgeted.

Set up a Contingency Fund

It is very important to have a contingency fund to face any unforeseen events, such as medical, loss of vehicle and its replacement, natural calamities, etc. When you budget a percentage of the total income should be transferred to this account regularly every month and it should be not be touched whatever the case may be. Later this fund can be converted to easily soluble  assets such as bonds, bank deposits etc

Finally, if your parents are living and even if they do not need any financial assistance, it is advisable to keep a percentage of your income for them also. Either you can add this amount to contingency fund or give them once in a while as a gift. They need your financial, physical and mental help in their old age.

Realize that these plans are not a perfect solution, but it will ease your tensions and worries and will help you to manage what you don’t agree.

 

THE LAND WHERE DEATH IS AFRAID TO VISIT

By Vijoy Alexander

There is a place where death is afraid to visit very often. One in 3 makes over 90. Enjoy the life, that is their motto. They have the lowest rates of Cancer and dementia. Heart diseases, depression are not common while physically active into their old age. On an average the people here in this wonderful island live 10 years longer than in Europe and America.

I am talking about a small island in Greece called Ikaria. According to mythology, the island is named after Icarus, the young man in Greek mythology who flew too close to the sun using wax wings and plunged into the sea, close to Ikaria.  According to Wikipedia “It is one of the middle islands of the northern Aegean, 255.303 square kilometres (98.573 sq mi) in area with 102 miles (164 kilometres) of coastline and a population of 8,312 inhabitants. The topography is a contrast between verdant slopes and barren steep rocks. The island is mountainous for the most part. It is traversed by the Aetheras range, whose highest summit is 1,037 metres (3,402 feet). Most of its villages are nestled in the plains near the coast, with some in the mountains.” The island is about 30 miles away from Turkish Coast. There are direct flights from Athens to Ikaria though both sea and road transport are also convenient.
Ikaira Beach

WHY  LONG LIFE?

Many has studied the reason for this long life of Ikarians. One of the studies by Dr. Christina Chrysohoou, a member of Ikaria studies under University of Athens and a cardiologist at the university found that the Ikarian diet featured a lot of beans and not much meat or refined sugar. The locals also feast on locally grown and wild greens, some of which contain 10 times more antioxidants than are found in red wine, as well as potatoes and goat’s milk. The Ikarians drink a lot of herb tea and small quantities of coffee; daily calorie consumption is not high. The island especially the villages are not affected by the westernised way of living. Dr. Chrysohoou says the Ikarian habit of taking afternoon naps may reduce the risk of heart disease by almost 40%.

Chrysohoou’s preliminary studies revealed that 80% of Ikarian males between the ages of 65 and 100 were still having sex. And, of those, a quarter did so with “good duration” and “achievement”. “We found that most males between 65 and 88 reported sexual activity, but after the age of 90, very few continued to have sex.”

Many in medical science believe that only 25% of your longevity is determined by your genetics. They think the other 75% comes down to how and where you live.

According to a local resident “We keep the old people with us. There is an old people’s home, but the only people there are those who have lost all their family. It would shame us to put an old person in a home. That’s the reason for longevity. “To have your family around you makes you feel stronger and more secure.”