31 days for better financial life

Plan your taxes early

It’s the time of the year where you might have to submit your income tax proofs if you are salaried. Hope you are well prepared with your investment proofs. The most common tax saving options are –  ELSS Home loans PPF EPF ULIP plans. Tax saving FD’s Its advisable to consult a tax consultant who [...]

Its mid of the month and its now time to evaluate your spendings. Hope you have been tracking your expenses. You surely had a budget in your mind to evaluate and find out if you are running on a budget or have you been overspending? I just evaluated my expenses and I am running over [...]

Today lets jump on to Term plans. What are the term plans? 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 [...]

Hope you have made a smart choice of earning more interest on your saving bank account. A lot of banks now offer 6% interest on an amount above 1 lakh rupees. Which bank would you be opting out for from our yesterday’s list? Day 11 – Get the best motor insurance deal Your car’s insurance [...]

So by now, you know there are a lot of investment options available. You might have also considered options which are suitable for you. Day 10 – Today we have a profitable tip for you which won’t cost you anything! Why do I need to keep money in my saving bank account? One needs to [...]

So would you be considering a part-time income source? Do that if you are struggling with your financials and also if you have a good amount of spare time. Day 9 – Find out and study a suitable investment option to achieve your future financial goals. There are a lot of places where you can [...]

By now you are well equipped with the following things – You know your current financial standing in form of net worth. You are well equipped with how much you earn, how much you spend. You have a budget in place. You know ways to save money now! Let’s move on from evaluation and saving [...]

So how was yesterdays task? Were you able to figure out things which you wanted to get rid off? Today’s task is a little more challenging one, but I am sure some of you might have performed this at some point in time. The task is calculating your net worth. Day 7 – Calculate your [...]

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 [...]

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 [...]