Everyone knows that putting a little effort into managing different aspects of their life – whether health or career - can pay off in the long run. The same applies to money matters. The more you know and the greater attention you give your financial situation, the better the pay offs will be in the future.
This section features real-life stories of how people changed their money habits to improve their overall finances. So, tell us how you took charge of spending, investing or any other money management aspect to turn your finances around.
I am a CA by profession. As my training has taught me, investing is a big part of my financial strategy. I am slightly risk-averse and invest heavily in mutual funds, FDs and ULIPs. I stay away from the stock market.
As the household expenses are taken care of by my husband, I use most… Read more
Growing up I did not have much other than the bare necessities. Though my mom tried her best, she could not fulfil our wishes. I always knew I had to study and improve my life. Today, I own a bike, a car and my own humble house. This has only been possible because of my prudent wife.
We… Read more
I like to work hard and live a good life. I want to give the best to my wife and son, as well as my parents who live with us. I own a gas station in the suburbs of Mumbai. I had taken a loan to set up my business. So a major chunk of my earnings goes in repaying the loan. I also have a car loan… Read more
I despise wastage – be it food, clothing, water or electricity. I do not think I am stingy, but misuse definitely irks me. This thinking seeps into my financial philosophy as well. Wastage of money is a big no in my books. Saving is top priority for me. Then comes the basic needs, and lastly,… Read more