How to manage your money?
This guide is mainly written for young people. Boys and girls, who
just start earning know little about tax, mutual funds, PPF etc.
However, it can still be used by people who already know about money
management too. It covers all the basics in an easy to understand,
simplified way!
If you know someone who has just started earning and will find this information useful, please do recommend it to them.
Introduction
This guide is a little sad! When you get your first salary, the last
thing on your mind is “investing” and “tax” and
other such issues. You probably want to use your salary to buy yourself
something or spend the money on entertainment, watching movies,
partying etc. However, this guide is going to tell you that you need to
manage your money. You can enjoy yourself, but you also need to save
and invest and use your money properly. So I guess the obvious question
is...
Next - Why should you invest your money? >>
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Table Of Contents
- How to manage your money? - Intro
- Why should you invest your money?
- >> For making "big buys"!
- >> For tax saving!
- >> Inflation
- >> "The power of compounding!"
-
How to invest?
-
Investing in Mutual Funds!
- Assured return investments...
- >> Fixed Deposits (FD's)
- >> Public Provident Fund (PPF)
- >> Employees Provident Fund (EPF)
- >> National Savings Certificate (NSC)
- >> Kisan Vikas Patra
- >> Post-office - Monthly Income Scheme
- >> Post-office - Time Deposits
- Insurance