During my university days, I became intimately familiar with the “use it or lose it” mentality when dealing with public funding. Essentially, the university got a certain amount of funding from public sources and if it didn’t use these funds by the end of the year, it risked a cut in its allocation the following year. This obviously meant that if there was money left towards the end of the year, people scrambled to find ways to spend it, whether that spending made sense or not.
Use it or lose it
Use it or lose it
Use it or lose it
During my university days, I became intimately familiar with the “use it or lose it” mentality when dealing with public funding. Essentially, the university got a certain amount of funding from public sources and if it didn’t use these funds by the end of the year, it risked a cut in its allocation the following year. This obviously meant that if there was money left towards the end of the year, people scrambled to find ways to spend it, whether that spending made sense or not.