Why Ends Don't Meet
In Uganda there is a term which is very common with the employed, "trying to make ends meet." During the first 2 or 3 months of employment, the employee is usually able to live on their salary until the next pay day. As the months go on the employee's cost of living increases and the money there are earning is no longer sufficient to cover the cost of living until the next pay day. This creates a situation where there is more month at the end of the money, hence the effort to make ends meet i.e. to have the salary cover expenses until the next pay day. This predicament is explained by Parkinson’s principle which is one of the best known and the most important Principles of money and wealth accumulation. It was developed by English writer C. Northcote Parkinson many years ago and it explains why most people retire poor. This principle says that, no matter how much money people earn, they tend to spend the entire amount and a little bit more besides. Their expenses rise i...