Money saved is Money earned!
August 29, 06 by BharaniOnce in a while, I go into crazy introspection…Today, I was thinking about the money that I could save, if only I looked at the following items.
1. Transportation: I spend on an average Rs.50 to Rs.60 per day for auto-rickshaw. There is a shuttle service provided by the company. Yet, I utilize the shuttle service only one way. If only I utilizie the service both ways, I can save Rs.1100-1250 per month!
2. Dinner: My firm provides the dinner free of cost and the quality is good. Keeping the food cost at Rs.50 on an average, I could save again Rs.1000-1100 per month! Yet, I take food at home (and I have to manage crisis most of the time, as I reach home late!!) or go out for restaurants…
3. Telephone calls: I make telephone calls to local friends from my mobile. I end up spending Rs.10-20 per day on an average. If only I use the office phones, I can save Rs.200-450 per month!
In total, I could save Rs.2300-2800 per month (and works out to Rs.33000+ per year)! But, I forego this potential savings in the name of convenience and flexibility. My opportunity cost for convenience and flexibility (just in the 3 areas mentioned) is Rs.33000 per year!!
I am planning to buy X-box and some games when it is released in India this Diwali. If I compare the X-box with “Convenience and flexibility”, it motivates me to forego the convenience and flexibility 
educatedunemployed Says: 29.08.06 at 4:00 pm
Calls from office???
anoop Says: 29.08.06 at 6:03 pm
B..if you have an XBox360, am going to be making weekly visits to Hyd
Bharani Says: 29.08.06 at 8:02 pm
EU…yup Calls from office…Just take a survey and you will notice how many people use the office resources! I have tried to restrain from doing that so far…I think I kind of like using my mobile
Anoop…If only I buy Xbox, I will host weekly tournaments…do come over
Sidharth Says: 30.08.06 at 12:48 am
Bharani,
I did a similar analysis a few weeks ago and just realised the huge potential savings if I started cooking at home (as opposed to eating out like I do now) since unfortunately CVG does not provide free food here
I have infact heard a lot of good things about the food in CVG Hyderabad.So,you should def. make best use of that!
btw,XBox is going to be a one time expense.So,you should def. go for it
Indian Blogger Says: 30.08.06 at 4:14 am
newfriend Says: 30.08.06 at 4:31 am
If you stop boozing then you can save a lot more than this.
Bharani Says: 30.08.06 at 4:41 am
newfriend…There are many more things that I can stop to save more pounds…stop boozing will save me only pennies..Hope you get my point…you will if you know me well
newfriend Says: 30.08.06 at 5:20 am
I’m sorry if you are hurt by my comment .
I don’t know much about you(newfriend).
I’m a silent observer of your blog.Your blog
is very interesting and informative.
Bharani Says: 30.08.06 at 5:31 am
I am not hurt by the comment at all…But, I will be glad if your disclose your name…Keep pinging..
Ramki Says: 30.08.06 at 4:19 pm
If you are buying an XBox then you will have to come to Chennai to host tournaments, coz I am planning to flick it.
Bharani Says: 30.08.06 at 6:41 pm
Sidharth…you should come over for a short-stint to IMG Hyderabad to check out the food..X-box thing is still under consideration…I am fearing about the post-purchase, about the addiction
Ramki, try flicking it…;) I have two guards with me…
Karthik Says: 31.08.06 at 4:32 am
Bharani, if way2top.blogsome.com didn’t become way2top.org, how much savings would you have made in the next 3 years?
(enna thavira yaarum intha kelvi kekka mattanga)
Karthik Says: 31.08.06 at 4:34 am
typo. read it as “…hadn’t become….” in the previous comment
Bharani Says: 31.08.06 at 4:44 am
If Way2top.blogsome.com didn’t transform to way2top.org, then I would have incurred a massive Net LOSS at the end of three years
It’s a call option, a trump card…
Height of hopes…!