Are you one of those who at the end of every month is broke?
Are you the one who doesn’t have a track of any of their expenses, no matter how little they are?
Then perhaps you don’t have a habit of preparing a budget.
For most of us, certain expenses are fixed, like rent of the house/ flat we live in, expense on essentials like grocery expense and paying other bills, a shopping spree and partying.
Mutual Fund Sahi Hai. . . almost all of us have heard and read it on banners, advertisements and of course.. mutual fund advisors. And no doubt, popularity of SIP Mutual Funds have grown, not only in big cities but also in semi-urban cities. As per data compiled by Association of Mutual Funds of India, Assets managed by the Indian mutual fund industry have grown from Rs. 20.97 trillion in August 2017 to Rs. 24.70 trillion in August 2018. That represents a whopping 17.81% growth in assets over August 2017.
Financial planning is a process of creating a framework for achieving your own life goals like education, marriage, retirement or vacation. This not only encourages saving and investing but also makes us mentally prepared for all possible shocks and surprises.