Most people phase out when there’s a talk of money/ saving/ investing/ tax/ stocks/ mutual funds. Here, we’ll construct an easy-to-digest, friendly blog that you would want to read and understand.
And haven’t you heard W Somerset Maugham say, “Money is like a sixth sense without which you cannot make a complete use of the other five.”
Infact all of us do something with our money. But I am not sure whether we know that what we are doing is right or wrong. Mostly we take the advice of our parents, friends or the friendly financial advisor. But have you taken a moment to sit back and see whether their advice suits you or THEM?
Money Management is a purely personal thing. That’s why it’s called “personal finance”!! So what applies to your parents, friends may not really apply to you. For example, your risk appetite could be different. Let’s take a look at some of the other factors which influence your personal finance decisions:
- Saving Habits
- Spending Habits
- Investment Goals
- Risk Profile
We’ll discuss these as we go along. The idea here is to make personal finance “non threatening”.
Infact some of us have tried to run away from finance. Maybe because we were not able to understand the jargons and the maths. But I guess ignoring personal finance worsens the situation. And the only way to get maximum out of your personal finance is to look it into its eye and grapple with it. You will come out stronger.
And the internet is a powerful medium which can help you by providing real time information and applications. You’ll understand that handling your money is not rocket science as you read along.
At Paisa, we are about to redefine how money is managed in India. We are building the largest consumer finance portal in India and will provide a one stop solution for all your financial needs. Stay Tuned.
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