1) The document provides tips for smart saving and financial planning, including paying yourself first by saving 10% of your income, changing your attitude towards debt and expenses, and cutting costs in various areas like food, transportation, and entertainment. 2) It recommends creating a budget and savings plan, investing in assets with balanced risk, and achieving financial goals through disciplined savings habits and cost-cutting measures. 3) Specific tips include selling unused items online, using talents to earn extra income, researching travel and purchases online for lower prices, limiting impulse spending, and avoiding premium services that may not provide value.

1. Saving your finances the smart way Finwize Investments - Kiran Cabral

3. Inflation means Rs 10,000 would be… Finwize Investments - Kiran Cabral

4. How to do your Financial Planning Finwize Investments - Kiran Cabral Define & prioritize your goals Set Goals Risk Appetite and Protection needs Investment and Insurance Changing Lifestyle, changing Financial Goals Create & Monitor Savings Plan Project income, expenses & investments Current Status and Gap Analysis

5. Setting Financial Goals Finwize Investments - Kiran Cabral

7. How to achieve these GOALS Change your attitude to your mortgage The most expensive item you are ever likely to buy is your home. If you're not in the privileged position to pay cash, make sure the loan you use to finance it is the best available. For example, go for a fixed interest rate instead of floating rate of interest . Clear your credit card debt Credit cards offer a convenient way to pay for goods and services but if you can't clear the balance every month, consider a low-cost loan as an alternative.. Stop using credit cards Credit cards are not inherently evil; it's all about your self control. If you use them responsibly (i.e. completely pay them off every month), you can benefit from them. The reason most credit card companies make money, is because people end up spending money that they don't have. You're better off foregoing the promotions that credit card companies use to lure you in (cash back, introductory APR, airline miles, and so on). Finwize Investments - Kiran Cabral

8. Keep a record of your expenses - Keep a small notebook with you at all times. Get in the habit of recording every expense and saving the receipts. Make a budget - Write down a budget so you’ll know each month how much you can spend on any given thing or category of things. Cut the cost of your fuel bills As the global demand for power threatens to outstrip supply, prices are rising. Change from petrol to LPG - you just pay less every month. Cut your phone bills There are scores of cheaper alternatives from and packages available with your network provider. Also broadband internet gives you access to low-cost dial-up services that give you access to cheaper calls. Send sms using free sms services like 160by2, way2 sms.com. Make a shopping list Food shopping forms a significant part of our monthly outgoings and the supermarket is where the bulk of the money is spent, because we overbuy and we realize it only when we checkout that the bill is often more than expected. To circumvent this, simply make a shopping list, and STICK TO THE LIST. Finwize Investments - Kiran Cabral

9. Don't buy designer labels Celebrities are given expensive clothes to wear. You're not. At the end of the day, and let's face it you may only wear the outfit once, can you justify paying hundreds of rupees over the odds because a top designer has had his or her name sewn on the label? And can you honestly say you can tell the difference at a distance between a Rs 6000 designer bag and a Rs 1000 one from the market? Think about it. Sell your clutter on eBay Take this quick test: You're at home. Open a cupboard. Look inside. If it's full of clothes which have outgrown you or you haven't worn, for, let's say, three years - you don't need them. So why not sell them to someone else who does? Ebay, the online auction house, has opened individual sellers to a world of buyers. And you can flog anything for the cost of a small commission. Use your talent to earn extra cash Let's face it, if you're not a pop star by the time you reach your 20s you're never going to be. But you may be able to use your talent as a guitarist to teach other wannabes. Finwize Investments - Kiran Cabral

10. Book your own 'package' holiday online The popularity of High Street travel agents is waning as more and more people warm to the benefits of researching and putting together their own holidays on the internet. If your holiday consists of flights, accommodation, transfers and possibly car hire, then take this test. Order a brochure from a leading holiday company and work out the price of your holiday including all the complicated supplements. Now go online and, starting with the flights, try to put the same package together. Learn to say 'no' It's easy to capitulate to the demands of a screaming child in a packed market on a Sunday evening. But don't do it. Similarly, how often does a 'swift half' after work turn into a Rs 500 drinking session? Saying 'no' a few times a year will do wonders for your bank account. Don't pay full price for theatre ticket. Opt for a morning show instead if an afternoon or night show. Morning show tickets are available at multiplexes for under Rs 100. Finwize Investments - Kiran Cabral

11. Ask yourself: do I really need this? Imagine the scenario. You have a meeting and you've got an hour to kill. You find yourself in a department store and there's a sale on. You pick up a beautifully packaged crockery, And it's half price. Now, stop! Ask yourself: Do I really need this? Exactly. Now, put it down and walk away. Walk/cycle to the station/work It maybe a bit of hippie notion to many people but it's free and healthy. If you can’t walk all the way walk for 45 minutes that is what the body needs too and then take a transport home. Cut down your drinking A few beers after work a few nights a week is a financially debilitating state of affairs. Set limits and stick to them. Pack up smoking Never mind the health implications, the guilt and the smell, your 20-a-day habit is costing you nearly Rs 36,000 a year. Pack it in. Finwize Investments - Kiran Cabral

12. Cancel your gym membership If you pay your Rs 3000 a month by direct debit and you use the gym three times a week, great. If not, cancel your membership immediately. You'll soon save enough to buy your own bike/scooty/nano. Consider running home or to the nearest railway station from work three times a week. It's free. The three-for-two trick Now, there's a lot to be said for buy-one-get-one-free deals, especially if they pass the 'Do I really need this?' test. Then there's three-for-twos; a particularly cynical way of stores to entice shoppers to buy an extra item they would not otherwise buy. The 'offer' is always priced into the deal so do your sums and shop around. Buy clothes and presents in the sales So you need a new suit and the one you like comes in at a cool Rs 5000. Wait! The chances are that you can pick it up in the sale – and there's always a sale just around the corner. The same applies for birthday and festival presents. Buy in bulk in the sales and you not only save money, but you enjoy stress-free pre-festivals and no last-minute birthday worries. Avoid extended warranties Electrical goods are more reliable than ever. If your new computer won't last three years perhaps it's not worth buying in the first place. Think about it: how many times has your fridge broken down in the last five years? Finwize Investments - Kiran Cabral

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