MONEY TIPS
The value of money is always changing. When you have more than your need, it becomes less valuable. When you have less than your need, it become more valuable. Money adds something to everything in your life. Enjoy the money in your life. Start saving money for your future today rather than waiting for a time when you think you will earn enough to save.
1. Invest in gold each month; it’s a good hedge against inflation. And the best remedy to solve all issue at home front.
2. Don’t have a huge amount of money lying idle in your saving account. It gives you less interest and more risk....
3. File your Income Tax Return in time. It makes you better planner and you can invest safely, avoid last minute rush.
4. Don’t toss the spare change, at six month intervals find a coin sorter and deposit your change in a saving account. It is best way to teach saving the new generation.
5. Review and monitor your financial plan each year learn personal finance basics so that it helps you master your money.
6. Invest at least 25% of your net take home. If you want to secure your future 75% safe, invest 25% now.
7. Dont take a personal loan somewhat may. Keep your loans less than 40% of your net take home. Personal loans should be avoided at all cost.
8. Have a maximum of 1 or 2 credit cards. It is always better to use debit card for shopping or make a habit of making payment on due time.
9. Invest in PPF. It is one of the best fixed income instruments available today. You don’t need tracking here; it is an easy and reliable for you.
10. Stock and equity diversified mutual funds return the most over a long period of time. Have patience see the money grow.
11. To avoid any unexpected financial crunch be prepare. Form an emergency fund. They come only when you are not prepared.
12. Stay away from stock market on a daily basis. Stocks need breathing space too to grow.
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