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This PPT contains multiple ways you can follow to plan your 2020 finances
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How to Plan and Prepare Your Finances for 2020? www.financebuddha.com
Focus on the below factors Reviewing What You Spent in 2019 Set Short Term & Flexible Goals Spend to Save Organize Your Debts Save for the Future www.financebuddha.com
Reviewing What You Spent in 2019 Approximatereturn Overspend Expenditures Total spend Investment www.financebuddha.com
Set Short Term & Flexible Goals • Be clear about your Goals • Make a proper plan to accomplish them in a pre-set time frame • Make progress toward your financial goals www.financebuddha.com
Spend to Save Whether you are self-employed or a salaried individual, you should try spending some to save from your taxable amount. www.financebuddha.com
Organize Your Debts • Debts are financial obligation which can cause stress and tension when not managed properly. • Planning your finances for the coming year you have to be extra careful. • Try to repay your higher interest debt as early as possible as a higher interest consumes a lot of money. www.financebuddha.com
Save for the Future • Start building your retirement and contributing investment funds. • Read the money related guides available online and understand the importance of savings. • You should place 15% of your gross pay into retirement every year. www.financebuddha.com
THANKS!!! www.financebuddha.com