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 finance or simply put, your …
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 …
Many of us would have faced economic slowdowns in their lives. Many economists, business leaders, and experts predict economic slowdowns: some happen, but some do not happen. Strengthening your financial position is crucial during such times of economic slowdowns. Build a solid budget, boost your cash reserves, reduce debt, protect your credit, and take proactive …
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 …