Living expenditure for a single adult would likely
include; Healthcare (food, toiletries, medicine and education), Shelter (housing,
electricity, water and personal belongings), Transportation, Communication and
Entertainment. Expenses which are essential to life, bills which offer peace of
mind and cost which can be controlled. So, income and salary must, therefore, be
enough to pay current bills and put aside 17% to 33% of such revenue, saved for
unforeseen future expenditure. Avoiding borrowings or loans to pay bills as
much as possible, because this will increase expenses by creating repayment and
interest expenditure, unless the loan will directly increase income.
Family expenses would include; Proper Nutrition, Talent
Development, A Happy Home, Furniture and Fixtures, Transport, Communication and
Entertainment, for all family members. Essential living expenses, moments of happiness
bills and mental and physical development cost, for every income earner and
each dependent. So, all breadwinners or earners in the family must, therefore, earn
enough to pay current bills, while putting aside 17% to 33% of such revenue,
via pension plans, annuities and other savings mechanisms, for unforeseen future
expenditure. Again, avoiding getting into debt to pay living expenses as much as
possible, because this will increase expenses by creating repayment and interest
expenditure, unless the borrowings will directly increase earnings.
Expenditure within a community would include; Police Security,
Multiple Home Services, Hospitals, Groceries, Schools, Play Grounds and Utilities,
for all members of the community. Expenses which are essential for basic living,
bills which build unity and cost of structural expansion projects which are
planned, for every geographic concern and each resident. Hence, the national
executive and/or local community taxpayers must, therefore, contribute enough to
pay re-current bills and fund this community development programme, as forecasted.
Again, avoiding getting into debt to pay bills as much as possible, because this
will increase expenses by creating debt repayment and interest expenditure, unless
the debt will directly increase contributions.
National expenditure would include; Resource Preservation,
Human Development, Infrastructure Management, Economic Drivers, Fiscal Policy
and Governance. Basic living expenses are essential, nation building bills drives
unity and national development cost improves infrastructure, for and among the entire
population. Hence, national taxpayers must, therefore, contribute enough to pay
re-current bills and fund this national development programme, as budgeted. Again,
avoiding getting further into debt to pay recurrent expenditure as much as possible,
because this will increase expenses by adding, charges on account of the public
debt, to repay principal and interest expenditure, unless the borrowings will directly
grow revenue.
Rationale
T.A.J& Associates Company Limited uses this occasion to comment
on topics that have been covered, both academically and by the mainstream media,
to add its opinion and point out investment opportunity, not to invoke any social
action.
