Buddha advice on finances and time management


Even though the use of money is not a matter of religious importance, Buddhism has preached a method to solve various problems that arise in the luxurious existence of the lay society. Poverty is misery. Poverty is the cause of this sorrow. It is pointed out that every person can free himself from poverty and become a rich person by using four Vedas such as Uttana Sampada, Raksha Sampada, Kalyana Mittata, Samajivikata etc.


Financial management


Buddha preached an economic method of financial management. according to which one divides one's income into four parts and keeps one part for consumption, two parts for investment in one's industries and the fourth to be used in case of disaster.


Here, the advice given to use both parts for new investments and save the fourth part is a characteristic of good financial management. By keeping money deposited to be used in case of calamity, the world can reduce the tendency to go into debt.


The Sigalovada Sutra also mentions an explanation of the six gates of crop destruction, which are extremely important in financial management.


1. Liquor


2. Street travel


3. Finding places of entertainment like dance halls etc.


4. Indulging in gambling


5. Sinful friends


6. Idleness


It is clear that steering the ship of life away from these six mouths of destruction is a great solution for the advancement of both worlds.


Time management



More focus should be placed on time management among all the other management tasks required of humans to provide high quality of life. Buddha is the master of time management. The world's species were healed by Lord Buddha in accordance with a precise timeframe as part of his social mission. The Five Acts of the Buddha, a chronology that describes how time was organized, states that there are five time eras.


that is,

Perebat kisa, pasubat kisa, perayam kisa and pasuluyam kisa.


The Tathagata who reserved a very short amount of time for his physical needs such as begging, receiving donations, sleeping, etc., reserved the most time for benefiting the world.


Whatever program is carried out for the benefit of the human society should be done under a systematic management. Especially the intelligent man who works according to Buddhist principles is not a sufferer who takes all his work on his head. Everything that needs to be done should be classified and done in a well-managed manner under the periods allotted for it. Then he or she can enter a period where all objectives can be conquered.


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