4 years old baby

Question: Hi friends. Every month I plan to save but everything gets spent. I can't understand where my money is going. Please suggest how to make a budget. I want to save money by reducing my expenditure. Will a budget help?

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Answer: Hi dear. It's very easy to make a budget. You need to know how much you spend on each thing. Divide your expense heads in categories such as grocery, daily needs, rent, electricity/water bill, child education, loans, etc. Then put down the expense amount for a month. You know how much you have to spend. Now you can start making a budget from the next month. Try to manage your expenses by spending only 60% of what you get. You can easily do this by making small changes. Save 20% for emergency expenses and the rest 20% for regular savings. Try to review your budget every 15 days to see how it is going. Try to stick to it as much as possible.
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Question: Hi friends. Every month I plan to save but everything gets spent. I can't understand where my money is going. Please suggest how to make a budget. I want to save money by reducing my expenditure. Will a budget help?
Answer: Hi dear. It's very easy to make a budget. You need to know how much you spend on each thing. Divide your expense heads in categories such as grocery, daily needs, rent, electricity/water bill, child education, loans, etc. Then put down the expense amount for a month. You know how much you have to spend. Now you can start making a budget from the next month. Try to manage your expenses by spending only 60% of what you get. You can easily do this by making small changes. Save 20% for emergency expenses and the rest 20% for regular savings. Try to review your budget every 15 days to see how it is going. Try to stick to it as much as possible.
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Question: Hi friends. Every month I plan to save but everything gets spent. I can't understand where my money is going. Please suggest how to make a budget. I want to save money by reducing my expenditure. Will a budget help?
Answer: Hi dear. It's very easy to make a budget. You need to know how much you spend on each thing. Divide your expense heads in categories such as grocery, daily needs, rent, electricity/water bill, child education, loans, etc. Then put down the expense amount for a month. You know how much you have to spend. Now you can start making a budget from the next month. Try to manage your expenses by spending only 60% of what you get. You can easily do this by making small changes. Save 20% for emergency expenses and the rest 20% for regular savings. Try to review your budget every 15 days to see how it is going. Try to stick to it as much as possible.
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Question: Hi friends. I try to save a little money every month from what my husband gives me for household expenses. I have now collected over Rs.50,000. Please suggest where I can invest this moeny to get profits.
Answer: Hi dear. You can easily invest this money in Public Provident Fund (PPF), Mutual Funds, Insurance plans, Bank FDs, National Savings Certificate(NSC), Post Office Savings Account, etc. All these options are safe and give good returns. You can invest in PPF, NSC and Post Office by going to your nearest Post Office. You can directly invest in Mutual Funds and Insurance or can do it through an agent. The agent will help you choose the best plan as per your requirements. Bank FDs can be opened in any bank.
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