5 laws of money management which implies same for the age group of 20– 30 years.
Write expenses/ records (Analyse, observe and learn from records for further improvisation in monthly budget. Like understanding needs vs luxury. What’s affordable or expensive)
Save up to 25- 30% in multiple funds (Spend rest on livelihood and other requirements)
Become financially literate (Empower others to learn, to indirectly grow your money as growth of global economy)
5. Follow the above 4 rules that’s enough if you are honest and dedicated to make change in your life and money management.
a) Learn 1 thing & apply with heart vs b) learn 10 things and implement nothing in life.
Which approach seems much better ‘a’ or ‘b’?
Share your feedback in comment.
Tip: You can start saving with Rs 100 if you are passionate and dedicated to be financially independent.