money lessons everybody should know

by Dwarakanathan in Daily Dose

75 1.12k 8.27k

11 years ago

29 money lessons everybody should know

http://timesofindia.indiatimes.com/business/international-business/29-money-lessons-everybody-should-know/articleshow/39054755.cms

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rambabu

1.49k 32k 218.8k

11 years ago

#381646

Many tips are known. Especially avoidance of Credit card debt. Some tips clarified intricacies of savings in clear terms. Overall it's a good article.

Thank you said by: Dwarakanathan

DIPU S KUMAR

16 671 6.87k

11 years ago

#381647

Money is very important for human existence.... Every human being must know these 29 Tips according to me... Nice topic discuss...

usha manohar

704 19.5k 126.1k

11 years ago

#381974

29 money lessons everybody should know

http://timesofindia.indiatimes.com/business/international-business/29-money-lessons-everybody-should-know/articleshow/39054755.cms

Excellent tips, it is not enough if you earn well unless you save and invest a part of it ,,,,

Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!

Thank you said by: Gulshan Kumar Ajmani

Mousumi Ghosh

59 2.72k 23k

11 years ago

#382035

True..Saving, investing, are an important component of income. Also, it is not enough to get a handsome pay cheque every month, investing carefully and with proper knowledge can benefit us in our old age and in our times of financial crunch.

“A mistake is a crash-course in learning” – Billy Anderson

rambabu

1.49k 32k 218.8k

11 years ago

#382044

Prudential Saving for exigencies saves lives.
Don't save what is left after spending; spend what is left after saving. - Warren Buffett

Gulshan Kumar Ajmani

3.48k 21.9k 176.9k

11 years ago

#382118

Prudential Saving for exigencies saves lives.
Don't save what is left after spending; spend what is left after saving. - Warren Buffett

For the rich saving is automatic and they also save for tax exemption. But low income people have more difficulty in saving. I feel that every one should just save 10% of whatever he receives. This will ensure sizable funds at time of need/ old age. For lay man, saving in Bank FD is best. For egular saving, RD in bank or post ofice would be better. Investment in equity is risky neds more skill and home work.

G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

rambabu

1.49k 32k 218.8k

11 years ago

#382122

Prudential Saving for exigencies saves lives.
Don't save what is left after spending; spend what is left after saving. - Warren Buffett

For the rich saving is automatic and they also save for tax exemption. But low income people have more difficulty in saving. I feel that every one should just save 10% of whatever he receives. This will ensure sizable funds at time of need/ old age. For lay man, saving in Bank FD is best. For egular saving, RD in bank or post ofice would be better. Investment in equity is risky neds more skill and home work.

For common man RD and PO savings are ideal to save and take care of the rainy day. The transactions are simple even for a layman.

Thank you said by: Gulshan Kumar Ajmani

Taniya Choudhury

18 278 1.76k

11 years ago

#382129

This is a very helpful site that you have shared. It is always prudent to curtail our unnecessary expenditures and save for the future.

I love writing and sharing ideas

Dwarakanathan

75 1.12k 8.27k

11 years ago

#382148

Prudential Saving for exigencies saves lives.
Don't save what is left after spending; spend what is left after saving. - Warren Buffett

For the rich saving is automatic and they also save for tax exemption. But low income people have more difficulty in saving. I feel that every one should just save 10% of whatever he receives. This will ensure sizable funds at time of need/ old age. For lay man, saving in Bank FD is best. For egular saving, RD in bank or post ofice would be better. Investment in equity is risky neds more skill and home work.

For common man RD and PO savings are ideal to save and take care of the rainy day. The transactions are simple even for a layman.

In post office savings, interest is less comparing with banks but one main advantage of post office is they are serving in every part of India where people can invest their money safely. Most of the savings made by women in villages is through post offices.

Thank you said by: Gulshan Kumar Ajmani

usha manohar

704 19.5k 126.1k

11 years ago

#382162

Prudential Saving for exigencies saves lives.
Don't save what is left after spending; spend what is left after saving. - Warren Buffett

For the rich saving is automatic and they also save for tax exemption. But low income people have more difficulty in saving. I feel that every one should just save 10% of whatever he receives. This will ensure sizable funds at time of need/ old age. For lay man, saving in Bank FD is best. For egular saving, RD in bank or post ofice would be better. Investment in equity is risky neds more skill and home work.

For common man RD and PO savings are ideal to save and take care of the rainy day. The transactions are simple even for a layman.

In post office savings, interest is less comparing with banks but one main advantage of post office is they are serving in every part of India where people can invest their money safely. Most of the savings made by women in villages is through post offices.

That and also one can invest upto Rs 5 lakhs in FDs and the interest will not be taxed...Incidentally , it is 12 lakhs limit for senior citizens

Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!

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