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Hi, dearest chemistry 12 student! I am a mother of 2 daughters…..1 of them is a tween (12 years old), and the other is soon to turn 18. Let me tell you a bit about how my household works………
If my income increases, due to lets say a bonus! Now I would have more money to invest with, my children also gradually increase their demands, but even if they don’t I end up investing more into our future funds, and other investments. ->This scenario is similar to how in a chemical equilibrium: if reactants (resources) increase then products (expenses, investments) also increase
Similarly, if I am faced with the reverse scenario, when the expenses and demands are higher, I end up working harder (or an extra shift) and investing more money and/or time. ->Which is relatable to how in a chemical equilibrium if more products are formulated, more reactants must form to keep up with the product rate
If (God forbids!) the total resources (reactants) are lowered then, I work around my situation and keep my budget tight on other things, in order to keep the resources under control. -> Which is comparable to how in a chemical reaction: if reactants are down, products go down too to in order to form more reactants
Vice versa, if my expenses are lowered temporarily, then I save up money, and my resources, so that I can further invest in future education funds for my children.
Under normal circumstances our domestic system could be simplified to the following: However, recently a more drastic change occurred, due to my older daughter’s university applications and other ‘start-up’ fees. Now she requires 20% instead of 15% out of the 100% we have of resources. I had to think about how I will deal with a more drastic change for a long time, and I reached the conclusion that my younger daughter only needs 5% to be satisfied, so I can put that extra 5% into my older daughter’s needs. By recognizing that I cannot give more than I have, then working around the usual system I was able to work out a way for everyone’s needs to be met, and therefore satisfied. Our updated scenario looks like the following:
3 weeks later……. My older daughter became eligible for OSAP, and it turns out that OSAP is paying 2% of the additional 5% of ‘start-up’ costs, so now my daughter needs 18% of the total resources instead of 20%. I decided to reward my younger daughter with the extra 2% since she happily and silently gave some of her resources to comfort me and help her sister.
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