Monday, February 25, 2008

BRIEF CASE: Mother's Budget. Stated income.

With the valid gain infrequently analogous the stated income, very rarely the budget would be leftover (when didi and yours accurately would get a bonus share), sometimes deficit. It's stunning how she would try to level the budget with the limited income at her disposal. No battery of secretaries, no finmin staff, no inputs from traffic or other departments, no pecuniary experts to consult, no calculators and no computers.



She was not a offshoot of the London School of Economics. Yet, she would helve it alone, mentally doing her sums, and unquestionably informed where the rupee would come from and where it would go. She would imprison an danger fund for unsought circumstances like illnesses. In other words, her budget estimates would comprise both planned and non-planned expenditure.






No apparent borrowings, either from neighbours or friends or relatives. Taxation is a tonality embellish of budgetary policy. But mom would never impose taxes on us. So, we didn't have to interpose our heads on leg 80CC or 80DD.



Every month my sister and self would manner her with our pre-budget memo asking for this, that and the other. She wouldn't total a budget speech. No Part A or Part B here. She would assure that we got access to distinction tutoring and health, that we got enough financial devolution (pocket money) and tolerable entertainment.

budget



And no, she would never inflict entertainment tax. Nor would she interpose service tax for all the services she provided us uncomplainingly. In fact, she would total value to whatever she did without levying VAT.



During vacation, we would have important budgetary packages for visiting relatives or watching films or for eating out or for anything else we could contemplate of. Of course, these profitable benefits would unroll to birthdays too. She would buoy nugatory savings.



Armchair experts may dub it a 'kitchen budget'. According to me, it should be called the natural of all budgets.




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