Sufficiency Economy
Sufficiency economy which is the theory introduced by His Majesty the King is very useful. I also apply it to my daily life to make sure that I could still go on when the economy is bad. There are three ways I do that. Firstly, I buy things proportional to my budget. Things I buy are not expensive but has good quality. They are suitable for me and my budget. I do not spluge money on things because it would only cause more troubles later. Secondly, I always think hard before buying something. I try to be reasonable when buying things. I will think if I really need them. And I also try not to buy what I don’t need or what expensive. Lastly, I save some money for emergency. Each week when I receive money from my parents, I will save some of them in my piggy bank. I could use it when there is an emergency. So, I apply the theory and it is very good for me and my finance.