Budgeting · Life Skills · Money Management · ServeTM

Risk Taking Ability v/s Playing it Safe

Understanding the risks in your financial journey is a key to maximize your money management. Financial planning has some questionnaires that can measure your risk taking appetite which tell you your risk tolerance limit. Risk tolerance varies with age, income and financial goals But it is also important to note that these risk tolerance scores… Continue reading Risk Taking Ability v/s Playing it Safe

Budgeting · Investments · Life Skills · Money Management · ServeTM

Start with Your Financial Responsibilities

Why at all we need to be a smart investor is a question that some of us ponder over. Why bother over money and the accompanying complications, we sigh. Let’s take a tour of our financial responsibilities before we answer our own dilemmas. Family Role Name Date of birth Occupation Husband Wife Child Child Parent… Continue reading Start with Your Financial Responsibilities

Budgeting · ServeTM

April is the Right Time for Personal Budgets

The Government’s budget gets prominent coverage in February end every year. The Government’s budget every year is an account of government’s income and expenses of the past one year while formulating the income and expenses policy for the next financial year. But while these government’s policies has far reaching ramifications for the nation at large,… Continue reading April is the Right Time for Personal Budgets

Budgeting · Investments · Money Management · ServeTM

The 7 Laws of Money Management

The Richest Man in Babylon by George S. Clason is a 72 page book first published in 1926. It’s a classic book that’s simple and powerful. Download the the_richest_man_in_babylon ebook. We bring you extracts of the book for quick reading. Here’s part 1 of the series: Like the law of gravity, they (the money principles) are… Continue reading The 7 Laws of Money Management

Budgeting · Insurance · Investments · Life Skills · Money Management · ServeTM

How to Prepare Your Personal Budget

Before the noise on the Union Budget 2016 dies down, it’s worthwhile to ask ourselves this question: What’s our personal budget for the next 12 months? Before you start answering the question, let me add another interesting aspect of the Government’s budget. The Government can spend more than they earn! (They have a jargon for… Continue reading How to Prepare Your Personal Budget