This is my first post in this community. Prior to the introduction of this contest, I had been looking forward to when I’d make my first post here. But this opportunity came but still I had nothing to share; even though I had seen the post introducing the Contest by about three weeks ago. Recently, I read the post repeatedly as though maybe an idea would come. And a part struck me…
Your content doesn't necessarily need to be written on a Master level and you don't have to be a Crypto Guru to join this community.
Well, as the universe would have it, recently, an incident happened to me recently and this is what I’d be blogging here. I believe it is worth bringing to the financial world to learn from.
The little story ...
About 2 days ago, due to the fact that I had no cash on me and needed to get somethings, I borrowed a sum of 200 Naira from a friend, who in fact, is one of us on this chain. I was able to get on my needs and return back home. The next day came when I was to return the money but I has still not gotten cash. But she said she was going to accept it as airtime, since I had some money in my bank.
So, I logged into my bank app where I had just about 2000 Naira. I knew I had sent it as I usually do. Then, she called in and asked me how much I sent to her. 200 Naira of course, I replied. Then she showed me her phone and behold, I had just mistakenly sent me last money. An additional zero has just wreaked havoc on my financial worth. I was surprised and sad at the same time. You may ask why? My last money had gone and I had never made that kind of mistake ever!
Yes, it was with a friend I know well but in my country, you can’t just convert money back to airtime without an operating party deducting a percentage. The crux of the whole matter was that I had already exceeded my spending limit this month, and that money was the last I had left to spend. Except if I would somehow be gifted some money but without that I was determined to manage that till the end of the month.
Well, a brother of mine came to the rescue by giving me some money to keep body and soul together.
Now, back to (an element of) the topic - Uncertainities. This kind of happening – uncertainity - is one which could disrupt the sense of finance intelligence you may think you possess. This implies that after you may had had a neat, sown-to-fit budget to settle your kids bills, purchase groceries or your spending power for a month. And here comes a 4-headed whatever that throws the whole planning section you have had. And most times, these things may not come in little effect like my case but in budget-ruining, colossal proportions.
But What If(s)?
As I am a person who tries to learn from happenings around me either involving me or not. I started thinking ... what would have happened if I do not have someone to get some more money from? What if I had sent that to a stranger who may not even feel remorse about eloping with it?
To you ...
What would think may happen to those who do not have any immediate kind of solution? Or for those who may have whooping investments somewhere, do they just liquidate them and get some money out?
Now, how can one handle these moments when they come? Is it to have a plan B or C budget after the original budget? Or Just remove out of your savings without remorse? Or just let it slide with breaking a breath?
What do you think? Please air your views in the comments section.
Gracias!