Sometimes interactive experience makes it easier to understand and follow even the most difficult tasks. Take some time out to go explore this section. The various tools, calculators and activities will help you in managing your finances and understand basic financial concepts.
To meet your financial goals you need to understand the importance of saving and to save keeping a check on your expenses is crucial. You need to ask yourself, "Am I living beyond my means?" If you are, to stop living from pay to pay you must cut back. But to cut back, you need to know where every rupee is going. And that's why you need to use a spending tracker.
Using your spending tracker, you should write down what you spend every day. So you need to record all those daily costs like lunches, coffees, taxi ride, shoe shopping. Not the fixed bills, but spending that's all too easy to forget.
The main purpose of the spending tracker is to help you plug up spending leaks. If money’s slipping through your fingers, this tracker will show you where it’s going. Once you’ve tracked all your spending and recorded where your money is going you can then look at every cost to see if it can be reduced or even eliminated. If you can find cheaper alternatives, cut back or even not buy things you find you don’t really need, you’ll be well on your way to achieving the savings goals you’ve set for yourself.
Download the Spending Tracker
You can better manage your personal finances and reach your financial goals if you develop a personal budget system. Think about it, how can you manage your money if you do not know where all of it goes every month? You need to have a discipline in your spending and saving habits. Once you know how much you earn, you need to then decide how much you should spend every month and how much you can save.
We have created a special and easy-to-use personal budgeting tool so you can keep your finances on track. But remember, putting together a monthly budget is simple; the difficult part is sticking to your budget and tracking your expenses every month.
Download the Personal Budgeting Tool
Get the SIP calculator to calculate your future wealth. Systematic Investment Plan helps you invest regularly and benefit from the power of compounding. Start early and invest regularly are the two commandments of your path to financial success and with SIP you can easily attain that.
The Systematic Investment Plan calculator will show you how a small investment made every month can yield much greater returns over a period of time.
Click here for SIP Calculator
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