All Mom & Dad work hard to give best education to their Child.... We just have to face the fact that in today’s challenging life scenario, raising children have become more expensive, but not impossible and some of the factors of that are : 1. Rising Inflation 2. Heavy Increment in Education Prices 3. Change In Life Style I still remember those days of schools & colleges where the fees in the past were around Rs. 3000 to Rs. 5000 for studying through bachelor’s degree or maximum 50,000 – 1,00,000 for an MBA Degree. Forget about the Barbie Dolls, A Dingo for your kid, or a Cost of Video games, this are now necessity, the education Fees for playschool alone is costing 50,000 to 1,00,000 per year. Tough to understand but it’s a fact now a days. And mind it as here we are talking about some serious kind of money for most of the people of India, to be precise, the average income of an Indi...
Spending Money (Everyone’s Favorite Activity) STOP SPENDING MONEY – We will here talk about spending money….Spending that too when we don’t have to….we are talking about the psychology of managing money/cash, and the amount of cash spending started by India’s youth now a days. We actually don’t realize that spending cash i.e. purchasing products or services are purchased under different reasons, most of the time whatever things/products or services we buy….its just because of our feeling (a feel good factor within us). This type of feeling & satisfaction on spending, leads to short fall of CASH. Sometime spending too much on unnecessary products & services don’t allow us to pay off our debt…or in other words “we don’t get debt free”. We all have rainy days; a lot of people among us feel so empty and feels low self-esteem because sometime we spend a lot on unnecessary things. Once we truly follow this and understand the emotions ...
Investing With A Purpose :- Why are you investing? It's OK if you have many different answers for this question, but there is a big problem if you have no answer at all. Investing is like driving - it is best done with your eyes open! Joking aside, having clear reasons or purposes for investing is critical to investing successfully. Like training in a gym, investing can become difficult, tedious and even dangerous if you are not working toward a goal and monitoring your progress. In this article we examine some common reasons for investing and suggest investments that fit those reasons. Retirement Planning No one knows whether the pension system will survive the coming decades. It is this uncertainty and the reality of inflation that forces us to plan for our own retirement. You need only open the newspaper to find out about a company that is freezing pensions or a new bill that will cut government payouts. In these u...
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