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I hope you have completed all the 4 previous tasks. If not you would want to complete them today as it’s the weekend. Day 1 – Track your expenses; download an expense tracker app Day 2 – Compile your income and fixed expenses Day 3 – Prepare a budget and stick to it! Day 4 [...]

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Did you prepare a budget? Now you might know where all would you want to spend, how much to spend and how much to save. If you haven’t budged till now, you can consider doing it right now. Day 4 – Save money wherever it is possible Rupee saved is a rupee earned. One life [...]

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Prepare a budget and stick to it! thumbnail

Now that you have started tracking your expenses daily you know how much you spend and on what do you spend. Also, you have compiled a list of your income sources and fixed expenses. Day 3 – It’s time to prepare a budget. Budget is allocating some part of the money for some specific purpose. [...]

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Did you start tracking your daily expenses which were our day 1 task? Let’s get on to Day 2. This is quite simple as well, it’s kind of a continuation to day 1. Here you will have to compile your income from all sources. Consider all your fixed income in the calculation of this. Your [...]

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Happy new year people. #Day 1 task It’s very important to track what you spend. Have you ever done it? Well, I had seen my parents do this and I follow this till day. Result – I tray to save 2 to 3 percent more every month and we all know how compounding works, rite! [...]

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India is one of the fastest growing major economies globally. As per 2018 stats this year it dethroned UK and became the 5th largest economy in terms of GDP. In 2017 it had dethroned France to become the 6th largest economy as you can see in the stats below. Rank Country GDP (US$ Trillion)   [...]

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31 Days to improve your financial life – Are you ready for a change? thumbnail

Merry Christmas! Have you decided your new year’s resolution yet? If the answer is no we have a new year resolution or you can call it a challenge for you. We are coming up with a new article series “31 Days to improve your financial life” starting from 01 – Jan – 2019 daily one [...]

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All you wanted to know about Term Insurance Plan thumbnail

Term insurance is a type of life insurance plan which provides coverage for a certain term, the term is generally fixed and predefined say 10 years, 20 years 35 years, etc. If the insured dies during the time period specified in the policy and then a death benefit will be paid to the nominee who is mentioned by [...]

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Mistakes people make while investing in stocks & Is investing Gambling? thumbnail

People make a lot of mistakes while performing any given tasks if they don’t do sufficient research beforehand. We had previously written on learning from the mistakes of others while investing in stock markets. Lets first try and discuss the relation between stock market investing and gambling.  Is Stock Market Investing Gambling? People shy off from [...]

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This is one of the queries I recently got at one of my workshops. Obviously, this did not have a straight answer and hence I told him I shall revert by email later. By instinct, I felt it is very much possible.  I sat down and wrote this: Yes, it is very much possible and [...]

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