TomorrowMakers

This is how I took charge of my finances
Himanshu
Investor

With a corporate job in one of India’s busiest metropolis, I was and still am used to the fast life. It is all about working hard and partying to the small hours. And when I first ventured into investing, not surprisingly I went for liquidity and speed rather than time-bound investments. The Employee provident fund seemed like enough of safety to me and I invested all my disposable income on market-linked products with high risk and reward. I burnt my fingers in the recession that followed, but it was an experience that I needed to have. I lost a portion of my investments as the stock market crashed. But withdrew as much as I could and diversified it across different assets.

My investment in gold paid off quickly as rates soared for the next one and a half year, which recovered most of my losses. Since then I have invested in low-risk deposits and pension funds and in mutual funds of varied risk exposure. Investing is indeed not about putting all the eggs in the same basket.

How I did it

Kunal and Nita
Software Professionals

We are a family of five, with two kids and my mother who takes care of the house. Nita and I are both software professionals. Initially, with the kids, we found our expenses spiralling and were not left with anything to save or plan for our future. 

We decided to classify each major… Read more

Vaishali Pednekar
Teacher

I believe life is too short to not to indulge in things that make you happy and I love myself some retail therapy. However, I found myself in a financial disarray a couple of years ago. Sometimes I was overspending and falling short on my bills, but mostly it was just poor planning.

I… Read more

Payal Singh
Media Professional

I have just started working as a journalist. Though as a newbie my salary is not a lot, I still make it a point to save. My parents are middle-class salaried people who have built a great life by saving small amounts for years. They have taught me the importance of saving. With the help of my… Read more

Mukesh Keswani
Businessman

I run my own fabric business. I have recently bought a house and a car. So I have large sums of money going into EMIs. This makes it even more important to have a tight hold on my finances. I have kept both EMIs on auto debit on the 10th and 25th of the month. This way it does not put undue… Read more