[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/www.figy.be\/financial-relativity\/#Article","mainEntityOfPage":"https:\/\/www.figy.be\/financial-relativity\/","headline":"Financial relativity?","name":"Financial relativity?","description":"single mother with two children on maternity leave. Net income of 10,800. Monthly expenses are substantial\u2014rent, electricity, food, clothes, bus fare to school. Child support doesn\u2019t help, because the father was a criminal, so the mother chose to cut off all contact with him and, consequently, any financial support\u2014which wouldn\u2019t have made much of a […]","datePublished":"2024-12-25","dateModified":"2024-12-25","author":{"@type":"Person","@id":"https:\/\/www.figy.be\/author\/#Person","name":"","url":"https:\/\/www.figy.be\/author\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/f14f9548cfce1bfc4b3267434069a757db9568e455121a8852ede019c83b3b5e?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f14f9548cfce1bfc4b3267434069a757db9568e455121a8852ede019c83b3b5e?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"figy.be","logo":{"@type":"ImageObject","@id":"\/logo.png","url":"\/logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.figy.be\/wp-content\/uploads\/img_a300893_w2201_t1511261296.jpg_2..jpg","url":"https:\/\/www.figy.be\/wp-content\/uploads\/img_a300893_w2201_t1511261296.jpg_2..jpg","height":0,"width":0},"url":"https:\/\/www.figy.be\/financial-relativity\/","about":["Economie"],"wordCount":579,"articleBody":" single mother with two children on maternity leave. Net income of 10,800. Monthly expenses are substantial\u2014rent, electricity, food, clothes, bus fare to school. Child support doesn\u2019t help, because the father was a criminal, so the mother chose to cut off all contact with him and, consequently, any financial support\u2014which wouldn\u2019t have made much of a difference anyway. Despite all this, they manage to make ends meet every month; they aren\u2019t going hungry, they\u2019re even happy, and they still have 500 CZK left over for a rainy day.So how is it possible that, on the other hand, a person who is single and earns around 30,000 a month can\u2019t make ends meet at all, has nothing left to save, and still has to reach for a credit card at the end of the month? The answer is simple\u2014because they have to have everything right away, and that\u2019s solved with loans.The Pursuit of \u201cHappiness\u201dThese days, it\u2019s trendy to keep up with the times and, above all, to always have at least what others have\u2014if not more. In this age of technology, where people are willing to spend over 25,000 crowns on a new phone, tens of thousands on clothes, hundreds of thousands on a car, and millions on housing, high incomes are a must. People then seek happiness precisely in that materialism, but why is the mother with two children and a meager income happier? Because she understands what has the greatest value in life. It\u2019s not money, but family and life.A person who earns a higher monthly income is unable to save anything. Why? Because before they could save up for anything, their neighbor would get ahead of them again, buying a better car, maybe a pool. That\u2019s why they want things right away. And so they take out loans. So what if, for the money they overpay in interest, they could often afford two cars? They earn enough money to pay off the loans, so why not go to the bank and beg for a \u201chappier life\u201d? Over time, however, it starts to catch up with them; they borrowed once, they\u2019ll borrow again\u2014it\u2019s a merry-go-round and a vicious cycle. Expenses soon exceed income, and so many people\u2014mostly young\u2014end up bankrupt. And it doesn\u2019t have to be a business bankruptcy\u2014in today\u2019s debt-ridden times, insolvency is common even among ordinary, employed people who simply couldn\u2019t manage their debts.Having Everything vs. Having a LifeIt\u2019s really nice to have everything we\u2019ve ever wanted, but what\u2019s most important is that we can enjoy it with a clear conscience. Enjoy life. So before you decide to go to the bank, think about whether those dream items can wait a few years. There are countless products on the market that can help us grow our money in a simple way, instead of us paying interest to the banks. Try to live more modestly, and put the money you save each month into savings accounts or invest it somewhere. In a few years, you\u2019ll be able to afford what you\u2019ve longed for so much, without being up to your neck in debt. And who knows, maybe during that time you\u2019ll realize that you don\u2019t actually need those things that much, that you\u2019re happier without them, because the fewer things you have, the fewer worries you have.                                                                                                                                                                                                                                                                                                                                                                                                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