Welcome to Plan My Finance Blog, where we share some bits & bytes of financial wisdom.
| Daily Financial Wisdom
One of the big life decisions that we must make 'before it is late' is with respect to getting organized with our finances.
All the wealth that we are trying to compound to become financially stable, means nothing if our family dependents do not know about it, when we are still here. Read more
NRIs plan well as you plan to return and settle here one day
Health insurance:
Have your personal health insurance from an Indian company in advance before returning back permanently. You will be building Read more
As our income rises our spending habits also goes up. Personal finance has a term for such indulgences. Lifestyle creep.
It can move up slowly and can make it difficult to shed. We can convince ourselves that we deserve the expense, or that we can immensely afford it and learn to not be guilty about it. Read more
Old way:
We have one bank account where income comes and use the same account to spend and save. Read more
1. Know your expenses in advance and provide for it including your fun money like annual travel and shopping. Having a written monthly expenses in a excel sheet or a diary will be very helpful to stay on track. Read more
Most families have two children. We spend a lot of money over a 25 year period in educating our children, providing for all their needs, marrying them off – in short , getting them well settled in life. Read more