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Personal finance: why
1.
2. Personal Finance – What it
stands for?
• Today’s Consumption
Against Tomorrow's Cash
Flow
• Enjoying ‘Quality-life’ from
day one
3. Personal Finance – Does it
make Sense?
• Perhaps, “Yes”
• Helps manage inflation-risk
• Helps Tax-Planning
• Results in Compulsory savings
• Imposes Financial-Discipline
4. Personal Finance: Is it that
good?
• Not always & not necessarily
• Using credit to finance routine
purchases or to splurge on extras
is a sure sign of personal financial
mismanagement
• Climbing interest rates & Piling
debt are no good
5. Personal Finance :
Precincts
• A ‘Certain’ stream of cash flow
• Importance of the proposed
expenditure
• A known & budgeted expenditure
• Willingness to stand by pre-planed
expenditure
• ‘Esteem’ & its fit in one’s
personality
6. Personal Finance: How to
avail it?
• Establish
– Identity
– Need for loan
– Ability to service the debt
– Ability to enhance credit-
worthiness
– Potential for down-payment
7. Personal Finance: How Banks
extend it?
• Banks analyzes the ability to service the debt
– Income level & its certainty
– Current liabilities
– Down payment
– Repayment capacity
– Credit enhancement measures
• Quotations
• Execution of documents
• Direct Payment to suppliers
• Insurance
8. How to choose a Bank?
• More a personal choice
– Nearness
– Costs
– Hidden costs
– Quality of service
– Concern for relationships
– Repayment holiday/schedule
offered
9. Personal finance- How
much is good?
• Monthly payments should normally be
not more than 20 percent of monthly
disposable income
OR
• Total outstanding consumer debt
should be less than one-third of annual
disposable income.
10. Personal finance- How
much is good?
• Monthly payments should normally be
not more than 20 percent of monthly
disposable income
OR
• Total outstanding consumer debt
should be less than one-third of annual
disposable income.
