Top 15 Personal Finance Tips in 2015 by - ArthaYantra -budge

1. Top 15 Personal Finance Tips By ArthaYantra India’s First Robo Advisor

2. Personal Finance Tip #15 • Investing in ELSS is a more convenient choice for Tax Savings, as it has the LEAST lock-in period (3 years) as compared to other Tax Saving Instruments

3. Personal Finance Tip #14 • Investing for Tax Savings is a very bad idea. Investments should be based on your goals and include the tax Saving instruments while planning, because all Tax Saving Instruments come with a lock-in period.

4. Personal Finance Tip #13 • January, February & March is a Killer quarter for Salaried professionals. This is when most of the Financial mistakes are committed by them to save Tax.Talk to a Financial Planner today to know if you should actually be saving Tax or not.

5. Personal Finance Tip #12 • Do you know that by reducing just 2 cigarettes a day (10x2=Rs. 20), you will save Rs. 7,200 per annum?That’s approximately the cost of a Family Floater Health Plan, which reduces your risk when you fall sick.

6. Personal Finance Tip #11 • It’s very important to share Personal Finance details like Insurance, Mutual Funds, Home Loan Insurance, etc that one holds with family members / nominees. This would help them in case of an unfortunate event.

7. Personal Finance Tip #10 • Investments should never be made to double the money that you have.Instead, Investments should be made to achieve financial goals in a disciplined way, without looking for any shortcuts. It is only through discipline that wealth can be accumulated.

8. Personal Finance Tip #09 • The only way to build wealth is by DisciplineIt is important to note that no one can time the markets. If somebody had a genie to tell them when to buy and when to sell, wouldn’t they all be Millionaires by now?

9. Personal Finance Tip #08 • Age – 35 – Investments per month – 8000 INR, Corpus accumulated at retirement – 1.2 crore INR • Age 25 – Investments per month – 4000 INR, Corpus accumulated at retirement – 1.6 crore INRThat’s the power of compounding • Start investing early, it can be as low as 500 or 1000 per month too

10. Personal Finance Tip #07 • Track all your expenses so that you can identify the areas where you are spending moreThis will help you to have control over your expenses

11. Personal Finance Tip #06 • An old saying goes “Don’t put all your eggs in one basket”Similarly, we should always diversify our investments into various Asset Classes while making Investments for our financial goals

12. Personal Finance Tip #05 • Anytime is a good time to invest, Don’t try to time the marketInvest your money for long term to get good returns from your Investments.

13. Personal Finance Tip #04 • We usually Save and Invest only from the money left after all our expensesIt would be a good practice to include Investments into our committed expenses. That way, it would ensure we definitely do Invest every month.

14. Personal Finance Tip #03 • Even though they appear to give you all the convenience, Credit Cards on an average charge around 40% Annual Interest. • Avoid Plastic Money.

15. Personal Finance Tip #02 • We should always control our expenses in such a way that we are able to save at least 30% of our income every month for a healthy financial future.This would ensure adequate investments to meet future financial goals.

16. Personal Finance Tip #01 • Every person on an average faces 3 Emergencies in life, like accident, loss of job, etc. Emergencies don’t give a ring before they come.Always keep 3 months of expenses as an Emergency Fund to take care of any Financial Emergency.

17. Thank You About ArthaYantra ArthaYantra is India's largest and only Robo Financial Advisor with over 63,000 registered users, making us India’s largest Financial Advisor. Talk to us now for a 15 minutes Free Consultation call with our Financial Advisors. Call us on +91-99590-219494 or write to us on advisor@arthayantra.com