Try making a budget - Deepstash

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Try making a budget

  • Create a full inventory of expenses in front of you: Categorize them into fixed and variable; urgent and non-urgent; necessities and luxury; avoidable and unavoidable.
  • You can create a hierarchy of needs and decide which one’s to address first. It’s all about prioritizing. 
  • Accept that you have limited resources and unlimited wants. But you have to manage your resources. The sooner you accept this fact, the better you can control your impulses towards avoidable expenditures.

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It’s a statement wherein you can jot down your assets and liabilities.

  • Pull together your bank statements and other proofs of the liabilities
  • List down your assets like the bank balance, all investments, home value, and value of other assets.
  • Take a sum of all th...

 ...is the process which provides you a framework for achieving your life goals in a systematic and planned way by avoiding shocks and surprises.

In case you have a lot of debt to shoulder, start paying off the most expensive one. 

The credit card has been regarded as the most expensive form of debt. As soon as your salary gets credited each month, pay off your credit card balances in full. Don’t fall for the lure of paying off the m...

What you don’t know is that the earlier you start, the richer you retire. It happens due to the “magic of compounding”.

While planning for retirement, you need to clarify a few points like deciding an age at which you want to retire. Along with that estimate how much money...

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 Investing defined

Investing is about laying out cash or assets now, in the hope of more cash or assets returning to you tomorrow, or next year, or next decade.

Most of the time, this is best achieved through the acquisition of productive assets.

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What Is retirement planning

Retirement planning is a multistep process that evolves over time . To have a comfortable, secure—and fun—retirement, you need to build the financial cushion that will fund it all. The fun part ...

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Knowledge on Retirement planning is essential as it needs to be planned right from the beginning of career.

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Personal Finance: Financial Planning

Most common financial milestones for adults:

  • The 20s and 30s - Debt repayment and household formation,
  • The 40s and 50s - Peak earnings and wealth accumulation,
  • The 60s - Preparation for retirement and retirement,
  • The 70s and above - Transitions and wealth distri...

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[4/4] Personal Finance is a very crucial concept that is often ignored. This is an attempt to spread awareness related to personal finance.

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