Make Your Money Work For You
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The word “personal finance” involves investing, saving, and money management. None of our schools provide classes on money management; therefore it’s crucial to learn how to handle your finances on your own by reading competent books, articles, and listening to podcasts from some renowned experts in the subject. The fundamentals of personal money management include budgeting, emergency …
Before even starting this blog article, I would like to give a heads-up on how did I arrive at this figure of Rs. 50,000. In India, the median average income is Rs. 5 lakhs per annum. This arrives at approx. Rs. 50,000 per month. Hence if a person gets one month salary as his annual …
Several economists, business executives, and other professionals think that a recession will occur in 2023 or in 2024. Battening down the gates in your financial situation is usually a smart idea during a recession. Create a solid budget, increase your cash reserve, pay off debt, safeguard your credit, and take other steps to withstand a …
Making money is only half the battle; the other half is budgeting your finances to maximise your returns. A comprehensive financial plan is required to plan for the future, deal with contingencies, and build wealth. Personal finance is the science and art of handling one’s own and one’s family’s money. If you are unaware of …