1. The inability to properly account for funds, project
future funding and
budget funds (in
hand or wished for), while being realistic.
1. Although the nonoperative car was only worth $
500, he insisted on $3,500 and had already budgeted the amount for his next purchase. In the meantime, he turned down overly favorable offers in the $1,200 range upon his insistence that $3,500 was the lowest it would be sold for. Ultimately, using the Sendanomics subcategory of Falkienomics, the ultimate sales price would be $500 after investing $1,
300 to improve the resale price.
2. Although he only received $900 month in Social Security benefits, he often spoke of making
large expensive purchases of property, automobiles, so-called collectibles and the
like. In
reality, he spent money faster that he received it (rudimentary Sendanomics) and would often overpay for insignificant or unneeded items. Often favoring name brand over generic and similar wastes of a very limited
budget.
