This blog prompt should have been a no brainer. Unfortunately, because I overthink everything, I have a hard time with hypothetical questions, this one most of all. For example, I started out wondering what it means by “budget.” To me (and to the dictionary), a budget is basically a financial plan that helps a person understand what money they have to spend every month, allocates a sufficient amount of income for fixed expenditures such as rent and utilities, and helps control spending to avoid going into debt. But that definition doesn’t fit the postulated scenario at all. I suppose I could make out a budget for an infinite amount of income for a day without actually spending anything, but it seems a waste to go through all that simply for one day’s worth of phony money.
So if the question isn’t about a budget as such, does it mean simply having an infinite amount of money to spend for one day? If so, how does the money appear? A credit card with no limit? If so, who pays the bill? Or does the money appear in my banking account? If so, how does the depositer know how much I will be spending?
Do I know ahead of time what day that “unlimited budget” will show up so I can plan how to use the largess? Or will it just appear one day, leaving me to wing it, and hoping I don’t get so overwrought by the stress of it all that I blow the whole deal?
And how does one spend the money? Go online and book airline trips and cruises for a future day? Will the travel plans still be available when the time comes, or will they have disappeared along with that “unlimited budget” day?
How would a credit card work anyway? The charges don’t always show up the same day as an order is placed, so if I were to buy a whole lot of stuff at a mall or online or wherever, there’s a chance that once the “unlimited budget” deal expired, I’d get stuck with a bill for things I would never have bought in the first place.
It would make sense to buy property or some other tangible asset, but I know for a fact, one cannot buy any property in a single day. Or maybe one can if one has that “unlimited budget” at one’s disposal. But still, I tend to think not. Realtors, lawyers, sellers, escrow folk and everyone else involved in a major sale don’t work on a moment’s notice.
I would think a good use of the budget would be to write checks to local non-profits, but would the money still be there when they cashed the checks? It doesn’t seem like it would be, and I have a hunch if I went to the bank and got trunk loads of cash to hand out to those groups, I would get into a whole lot of trouble. First of all, you can’t take out too much cash from a bank without dealing with a lot of paperwork. Second of all, unless the organizers were greedy and grabbed the cash for themselves, they’d certainly have questions about its legitimacy.
It all seems like too much headache.
In the end, I suppose I’d just buy what I normally buy on any given day, which is . . . not a single thing.
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Pat Bertram is the author of Grief: The Inside Story – A Guide to Surviving the Loss of a Loved One
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