Frugality and wise- spending are entirely different things
It's time for parents to promote a healthy balance between materialism and simplicity in the live of our children, writes ISHAAN SAXENA I and my wife are expecting our first child in the month of July. Being a new parent is an exciting development in our lives. A lot of our time is spent in getting prepared for this life changing moment. But I must admit that it has come with its own share of anxieties and apprehensions. My fears stem from the rampant culture of materialism in society. I have spent sleepless nights ruminating over how I will promote a healthy balance between materialism and simplicity in my child’s life. And yes, when I observe the world around me, the more convinced I am that my fears are not unfounded. Before I voice my views let me make it abundantly clear that I am an ardent supporter of capitalism. It has propelled the Indian economy to greater heights. One can debate the distribution of the fruits of economic growth but the Indian economy is moving o...