P.A.N.I.C!On the West Nicolson Street.

Just a week ago my flatmate was applying for a job to make the ends meet. He wasn't too worried about paying for education fee at the university, which is provided free for the Scottish. He was more keen to sustain his day-to-day existence. Frankly, it's not too surprising judging from the amount of alcohol these people douse, the endless club entrance fees they have to pay, and the seemingly innumerable packets of microwave-ready food they consume. Another thing about these people is they don't rely on their parents to provide them with funding. That was why I was slightly surprised (and slighted I s'ppose) when a friend whose father is a GP (doctor) turned down my offer to traipse the continent during Easter break due to financial reasons. One might hazard a guess that a GP's son will never have this sort of problem. Apparently, he believes in a great degree of independence which doesn't exclude financial freedom. The same sentiment is echoed by my other friends too. They would rather earn their own money than running to daddy to chuck in a penny or two. After the wee kitchen conversation we had, I found myself some assurance that I wouldn't feel the pinch of the ongoing financial crisis felt the world over since I have a relatively stable financial source.

How wrong I was! After a particular incident yesterday, my financial outlook now bears great bleakness. The buffer zone has been breached as the account balance dips to a new low. I wouldn't have been too bothered if I don't have grandiose plans for Easter. On top of that, I have to pay for the April rent and the flight ticket booked by Aqtar. I will also be struggling to fund my daily expenditures such as buying lunch and commuting to the hospital, the latter is done at least twice a week. 

In retrospect, this financial collapse is inevitable. I've passed one too many red lights yet made little amends to it. My incessant investment in the recently discovered hobby has contributed dearly to this problem. With my wee knowledge in economics, I should have known that A&F, Esprit, Topman, Gap etc. are one of the most illiquid forms of asset one could possess. I also have the tendency to spend liberally on food and entertainment in which a huge chunk is lost to attending musicals and movie premieres. Indeed buying on impulse has become one of the greatest personal tragedies. 

Inundated in debts and bogged down by prohibitive maintenance cost, I see no future in aiding my ailing bank account. Unless MARA is kind enough to bank in our monthly allowance soon (which is very unlikely), I have to resort to a few options, none of which is something that I look forward to taking. 

The first one would be doing an overdraft. But just like IMF, it is replete with hidden costs and interest. To escape interest, I can borrow from friends. But this only means that I'll be booked on a doomed ride to infinite debts. The most formidable option is to ask for the FaMa fund which is akin to the government injection. But having learned a stuff or two from the local people, I will strive to avoid this exit.

I have yet to picture the monstrous effect this latest turn of event has. Even if I have, I can't never bring myself to face it. Some form of financial rescue will become a necessity in the nearest future but what I will come to appreciate more is a certain amount of self-restrain attached to the so-called financial package.