On 8th November, 2016, when half of the world were impatiently waiting for the verdict of US presidential election, India was shaken with news by the Prime Minister, Narendra Modi, who (suddenly) announced the ceasing of ₹ 500 and ₹1000 as a solution to crack down on black money in the country. This news sent the whole country into frenzy and people started rushing to the nearest possible banks and ATM’s either to deposit or withdraw the new denomination.
Come next day and I saw queue of people waiting for their turns to deposit the old currency in exchange for the new ones, whilst most of the ATM’s were not even functioning. I waited for a week thinking the crowd will soon decrease with time, but with each passing days it kept growing longer and longer. I made up my mind to try my hands so that I can get my share of notes exchanged. So, when the trouble of the note crunch made me stand amongst those frustrated crowd in the long queue, here are some few things demonetisation has taught me.
1. Patience- Waiting is totally not my game, but just to exchange the old currency I had to do my part of standing in the queue, and surely enough it was the longest Q I have ever stood. As I waited for my turn I did learn the most important trait called ‘Patience’ which I definitely lack. Fortunately, it did have a sweet result at the end I.e. getting my money exchanged. Happiness. Indeed.
2. Money Value- Knowing that withdrawal of money have been limited per week, I tried my best to keep a track on how much I was spending. Thus, this made me save a lot of money to keep me going for the entire week. Now, I have mastered the art of saving money too.
3. The Cashless Way- With limited withdrawal for money, the only solution was to go the digital way. I have always thought that digital will be the future one day and this time it clearly struck the right cord, reason? I was utilizing the best of digital money and going cashless. Hence, the method of choosing digital passed the test.
4. Taking the Walk - The way of saving hundreds for further use was my priority, I made sure I was using it only when I needed it the most. So, for short distance, I started walking instead of taking the bus. Hence, this made me walk more often which made it up as my workout routine.
It was indeed a hard long month, but it did gave me some lesson to learn during this hard times. Not quite sure what I should say about this financial cum economical change but I do hope for a better future. Maybe an equal rights and equal life for all.