Spend, Save and Invest Smartly

The Perfect Money Picture

It is very important to be realistic in our Money World. Realistic means looking at your Money situation as it is. Generally we dont tend to look at Money as it is. We take a vague impression and most of the issue is on mind/

For eg: we need to pay our debts. we know it but we dont look closely into how much we need to pay.

We keep saying that I spend too much but too much does not make sense unless we put a number to it, ie we quantify it. When we are able to see all our Money Transcations and Issues in perfect numbers than it is real otherwise it is not.

Please do a small exercise to know about your money picture as of now: take a paper and pen and start answering these questions:
• 1. How much money are you earning per month as of today?
• 2. How much was it exactly 1 year back, 2 years back and 3 years back ( This will show your progress in percentage basis of Growth over a period of three years)
• 3. How much have you roughly earned throughout your life. Amount and Number of years to earn this amount ( will show your past potential realistic)
• 4. How much have you saved in terms of money in cash, bank fixed deposit or in your savings account. total amount as of now ( this will show your savings as of now- can be very shocking if we compare it with what you earned all life to what you have now. If the savings are not too high, then it is a danger signal indicating that you have not handled money very perfectly)
• 5. Do you have any debts if so how much ( could be personal borrowings, borrowing from bank etc) Here again if Debt is high it is a big danger because somehow the money has been mismanaged.
These are some figures to start with. You should go more deeper for more insights into your money reality. Please remember that only when you have the numbers accounted can you control your money.

Measurement = control
Never fear numbers or the reality. Then even if it is a bad reality you would know what to do. This is the first big step of acceptance which will lead your consciouness to plan and handle money better.

Financial Planning
Tax Planning
Investment Planning