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Presented by : VVS Ventures
Money Management Plan for
Nuclear Family
“The only time you really live fully is from thirty to
sixty. The young are slaves to dreams; the old
servants of regrets. Only the middle-aged have all
their five senses in the keeping of their wits.”
• Hervey Allen
Start from the start
 Just as you begin language classes
with A, B, C, begin a financial plan
with some simple goals.
 Sounds obvious but most important
goals
Short (< five yrs)
Medium (7-10 yrs)
Long term (10 yrs and above)
 Discuss your plans in detail with
only one financial
advisor.
Rainy Day
 Emergencies come unannounced
 Being prepared is the best strategy
 Keep aside three to six months expenses
 It protects you from taking high cost personal
loans or borrowings from friends and relatives
Prepare budget and dumb debt
 Knowing your financial
situation is very critical
 Divide expenses in five
categories :
1) Household
2) Lifestyle
3) Insurance
4) Due liabilities
5) Savings and
investments
Continued..
 Try to dumb the debt at the earliest
 Don’t get tempted by lower cost of debt
 In bad times even lower cost debt can give you
sleepless nights
 Any financial decision is not big enough to give
you sleepless nights
Risk Mitigation
Insurance : If one dies early
Investments : If one lives longer
Insurance – Life and medical
 Cover the working partners
else cover the bread
winner
 Buy a term plan
 Have insurance of 12-15
times of annual expenses
 Keep in mind the debts like
home loan ,car loan etc.
 Make a will for future
hassles
 Buy an additional medical
cover (small may be) even
if your employer covers
you
Investments
 Sooner you begin the bigger will be the corpus
over a period of time
 Keep objectives in mind
 Align the objectives to the investments
 Look for optimum returns than chasing maximum
returns
 Have a healthy mix of equity and debt
 Design your portfolio as per
your risk appetite and returns
requirement
Retirement- Most important aspect
 It’s the most important aspect of one’s financial plan
 Start building the corpus from today to live a respectful
retirement life
 Always keep this corpus separate from medium and
long term goals
 Do a favour to yourself, never withdraw your PF when
you switch your job, instead transfer.
Wish you a tension free life


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Money management plan for nuclear family

  • 1. Presented by : VVS Ventures Money Management Plan for Nuclear Family
  • 2. “The only time you really live fully is from thirty to sixty. The young are slaves to dreams; the old servants of regrets. Only the middle-aged have all their five senses in the keeping of their wits.” • Hervey Allen
  • 3. Start from the start  Just as you begin language classes with A, B, C, begin a financial plan with some simple goals.  Sounds obvious but most important goals Short (< five yrs) Medium (7-10 yrs) Long term (10 yrs and above)  Discuss your plans in detail with only one financial advisor.
  • 4. Rainy Day  Emergencies come unannounced  Being prepared is the best strategy  Keep aside three to six months expenses  It protects you from taking high cost personal loans or borrowings from friends and relatives
  • 5. Prepare budget and dumb debt  Knowing your financial situation is very critical  Divide expenses in five categories : 1) Household 2) Lifestyle 3) Insurance 4) Due liabilities 5) Savings and investments
  • 6. Continued..  Try to dumb the debt at the earliest  Don’t get tempted by lower cost of debt  In bad times even lower cost debt can give you sleepless nights  Any financial decision is not big enough to give you sleepless nights
  • 7. Risk Mitigation Insurance : If one dies early Investments : If one lives longer
  • 8. Insurance – Life and medical  Cover the working partners else cover the bread winner  Buy a term plan  Have insurance of 12-15 times of annual expenses  Keep in mind the debts like home loan ,car loan etc.  Make a will for future hassles  Buy an additional medical cover (small may be) even if your employer covers you
  • 9. Investments  Sooner you begin the bigger will be the corpus over a period of time  Keep objectives in mind  Align the objectives to the investments  Look for optimum returns than chasing maximum returns  Have a healthy mix of equity and debt  Design your portfolio as per your risk appetite and returns requirement
  • 10. Retirement- Most important aspect  It’s the most important aspect of one’s financial plan  Start building the corpus from today to live a respectful retirement life  Always keep this corpus separate from medium and long term goals  Do a favour to yourself, never withdraw your PF when you switch your job, instead transfer.
  • 11. Wish you a tension free life 