Free-spending folly

Spending cash just because you have it doesn’t make sense.

You’re the treasurer for the local GAA club. Or tennis club. You’re conscientious, so you keep a monthly account of what you take in and what you pay out.

For a few months in a row, you have more money coming in than you thought you’d have at this point in the year. Are you rich enough to afford new lighting for the pitch? It all depends on whether there’s sufficient cash in the ...