The document emphasizes the importance of understanding one's financial status for effective money management. It highlights key steps such as tracking income and expenditures, knowing assets and debts, and setting specific financial goals with time frames. Additionally, it lists reasons to save money, including emergency funds, retirement, and education.

1. Money Management

2. Do you know where you financially
stand?
To make a good saving and investing plan, you need to
take stock of where you stand financially

3. Let’s do a Quick Check!

4. Does your monthly budget turn out
to be okay?
Do you always keep a check of your regular spends?
Keeping a regular check on daily spends will help
you know if you are using your monthly budget the
correct way

5. Do you know the assets you
have and what they’re
earning?
Whether it’s cash on hand property, savings, investments,
pension and life insurance it’s important to know how each
of these benefit you

6. Do you know what you owe and
what it’s costing?
While assessing your expenditure it’s also necessary to keep
a check on what you already owe
Keep a check on mortgage, credit cards, personal loans and
other such things

7. Lets move one step forward
Once you know the
Once you have done a quick check on your income
and expenditures let’s take a look at your goals and
aspirations e

8. Will your income remain
steady?
The nature of your work will decide if your income would
remain steady
For successful money management it’s important to have
a steady income
This will help you to maintain your monthly budget and
thus help you plan a successful future

9. What are your money goals,
amounts and time frames?
For every goal that you want to achieve set a time frame
A time frame will help with your money management
For eg: if you wish to buy a house 5 years down the line,
do a complete research on how much would the house
cost 5 years later (adding the inflation percentage) with
this. Then calculate the approx. money you need to start
saving in order to buy your house 5 years later

10. Are there things on the horizon
that will change your life?
• Have you just begun with your career?
• Are you planning to begin a family? (i.e. marriage, having
kids)
• Are you moving towards retirement?
These factors can affect your life largely. When you list down
your goals, amounts make sure you keep in mind things that
can bring drastic changes in your life

12. We bring to you 7 Reasons to Save
Money
1. Save for Emergency Funds
2. Save for Retirement
3. Save for Down Payment for a House
4. Save for Education
5. Save for Car, Vacations and Other Luxuries
6. Save for Sinking Funds
7. Grow Your Wealth

13. Thank You
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