Save in sunshine so that you hsve umbrella for rains, says my Mom.
Savings are of two types- long term and short term. Typically long term savings should be invested in a place where you can earn something out of it, eg. Interest. Short term savings or target based savings (a year or less ) can be invested to earn or can be accumulated at home. Target based savings generally stem out of miscellaneous savings. It can be Rs. 500 in a month or can be Rs. 5000. Hence, to invest it in a regular pattern becomes difficult.
So guys, I ll do this post in two parts so that it is easier to comprehend and implement.
In this post I will talk of short term savings or target based savings.
What is target based savings - ok, so you went shopping and had a look at the Tanishq collection and fell in love with that pair of bangles. When you save to buy that pair of bangles, it is target based savings (easier way out is to ask hubby to gift you.. ☺).
As I said earlier, this kind of saving is irregular. You save as and when you are able to. But the difficult part is to curb the desire to spend it before you achieve your milestone. Isn't it ? At least with me it is so.
You all must have seen Lord Kuber. He is always seen with a pot of gold. And so is Goddess Lakshmi. This pot or gullak or piggy bank is the key to it . I am a firm believer in the gullak system for homemakers. For small small things it is far more convenient. Though my husbands opinion differs that you are losing out on interest earned if put in bank but I have seen that bank wala bank mein hi reh jaata hai. And with the use of debit and credit cards, you generally spend them.
So, ladies this Diwali purchase a gullak for yourself and monthly put in your desired amount. Also over the year whatever envelopes (cash gifts ) you receive also goes in the gullak. At the end of one year, i e next Diwali you break it (and put in a new one of course) and purchase whatever you like.
This gullak system also stems from our belief that envelopes are "aashirwaad" and hence should not be spent in revenue.
Points to be noted:
1. If you are investing in jewellery (with a view of child's marriage), invest in 24kt gold coins or bars instead of jewellery as those can be redeemed anywhere without deduction. Also make sure this is apart from whatever your husband is purchasing 😊 otherwise no use.
2. If you are bank savvy then, few banks like ICICI Bank offers such option in which you can open a target based recurring deposit account and put it whatever sum on whichever date you like. It is called I-Wish account.
3. While purchasing gullak, purchase the one which needs to be broken for taking out the contents or else you will take it out before time.
4. For saving, instead of waiting for the month end, separate the amount you intend to save at the starting of the month. In this way you will more likely have chances of saving the amount.
See you in the next post for lOng term savings. Till then happy choti diwali. And yes! Get your gullak today. You would want to start tomorrow
Savings are of two types- long term and short term. Typically long term savings should be invested in a place where you can earn something out of it, eg. Interest. Short term savings or target based savings (a year or less ) can be invested to earn or can be accumulated at home. Target based savings generally stem out of miscellaneous savings. It can be Rs. 500 in a month or can be Rs. 5000. Hence, to invest it in a regular pattern becomes difficult.
So guys, I ll do this post in two parts so that it is easier to comprehend and implement.
In this post I will talk of short term savings or target based savings.
What is target based savings - ok, so you went shopping and had a look at the Tanishq collection and fell in love with that pair of bangles. When you save to buy that pair of bangles, it is target based savings (easier way out is to ask hubby to gift you.. ☺).
As I said earlier, this kind of saving is irregular. You save as and when you are able to. But the difficult part is to curb the desire to spend it before you achieve your milestone. Isn't it ? At least with me it is so.
You all must have seen Lord Kuber. He is always seen with a pot of gold. And so is Goddess Lakshmi. This pot or gullak or piggy bank is the key to it . I am a firm believer in the gullak system for homemakers. For small small things it is far more convenient. Though my husbands opinion differs that you are losing out on interest earned if put in bank but I have seen that bank wala bank mein hi reh jaata hai. And with the use of debit and credit cards, you generally spend them.
So, ladies this Diwali purchase a gullak for yourself and monthly put in your desired amount. Also over the year whatever envelopes (cash gifts ) you receive also goes in the gullak. At the end of one year, i e next Diwali you break it (and put in a new one of course) and purchase whatever you like.
This gullak system also stems from our belief that envelopes are "aashirwaad" and hence should not be spent in revenue.
Points to be noted:
1. If you are investing in jewellery (with a view of child's marriage), invest in 24kt gold coins or bars instead of jewellery as those can be redeemed anywhere without deduction. Also make sure this is apart from whatever your husband is purchasing 😊 otherwise no use.
2. If you are bank savvy then, few banks like ICICI Bank offers such option in which you can open a target based recurring deposit account and put it whatever sum on whichever date you like. It is called I-Wish account.
3. While purchasing gullak, purchase the one which needs to be broken for taking out the contents or else you will take it out before time.
4. For saving, instead of waiting for the month end, separate the amount you intend to save at the starting of the month. In this way you will more likely have chances of saving the amount.
See you in the next post for lOng term savings. Till then happy choti diwali. And yes! Get your gullak today. You would want to start tomorrow
gullak it is..starting from today..! thanks <font color ="#3b5998"><b> @6372d9a02338f60015eaf323 </b></font>
Like
Reply
<a href="http://app.babychakra.com/user/94026"><b><font color ="#3b5998">Prachi</font></b></a> <a href="http://app.babychakra.com/user/134779"><b><font color ="#3b5998">Shiny Vincent</font></b></a> <a href="http://app.babychakra.com/user/148929"><b><font color ="#3b5998">nancy singh</font></b></a> <a href="http://app.babychakra.com/user/84276"><b><font color ="#3b5998">Sonam patel</font></b></a> <a href="http://app.babychakra.com/user/108159"><b><font color ="#3b5998">Sheeba Vijesh</font></b></a><a href="http://app.babychakra.com/user/11160"><a href="http://app.babychakra.com/user/106285"><a href="http://app.babychakra.com/user/26616"><a href="http://app.babychakra.com/user/162153"><a href="http://app.babychakra.com/user/140837"><a href="http://app.babychakra.com/user/165085"><a href="http://app.babychakra.com/user/107427"> </a></a></a></a></a></a></a><a href="http://app.babychakra.com/user/11160"><a href="http://app.babychakra.com/user/106285"><a href="http://app.babychakra.com/user/26616"><a href="http://app.babychakra.com/user/162153"><a href="http://app.babychakra.com/user/140837"><a href="http://app.babychakra.com/user/165085"><a href="http://app.babychakra.com/user/107427"><a href="http://app.babychakra.com/user/134798"> </a></a></a></a></a></a></a></a><a href="http://app.babychakra.com/user/134798"><u><b>Khushboo Chouhan</b></u></a> <a href="http://app.babychakra.com/user/88635"><u><b>asha chaudhry</b></u></a> <a href="http://app.babychakra.com/user/108159"><u><b>Sheeba Vijesh</b></u></a> <a href="http://app.babychakra.com/user/78058"><b>Dhara Popat</b></a> <a href="http://app.babychakra.com/user/106941"><b>Rakhi Puri (beautyofmommying)</b></a> <a href="http://app.babychakra.com/user/84276"><b>Sonam patel</b></a> <a href="http://app.babychakra.com/user/82323"><u><b>Roopashree Siddireddy</b></u></a> <a href="http://app.babychakra.com/user/91865"><b>Nasreen Mansoor</b></a> <a href="http://app.babychakra.com/user/126091"><b>Shruti Giri</b></a> <a href="http://app.babychakra.com/user/133864"><u><b>Sumira Bhatia</b></u></a> <a href="http://app.babychakra.com/user/1671"><u><b>Naiyya Saggi</b></u></a> <a href="http://app.babychakra.com/user/14427"><b>Neha Agarwal</b></a> <a href="http://app.babychakra.com/user/817"><b>Priya Sood</b></a> <a href="http://app.babychakra.com/user/11065"><b><u>Prisha Lalwani (Mummasaurus)</u></b></a> <a href="http://app.babychakra.com/user/41200"><u><b>Charu Sareen Gujjal(TheMomSagas) </b></u></a><a href="http://app.babychakra.com/user/132755"><b><u>Aradhana Sharma</u></b></a> <a href="http://app.babychakra.com/user/14337"><b>Ankita Popli</b></a> <a href="http://app.babychakra.com/user/113769"><b>Dr. Shilpitha Shanthappa</b></a> <a href="http://app.babychakra.com/user/53801"><b>Sweta Nagubandi</b></a><a href="http://app.babychakra.com/user/154831"><b>Shruti Giri</b></a> <a href="http://app.babychakra.com/user/84276"><b>Sonam patel</b></a> <a href="http://app.babychakra.com/user/148929"><b>nancy singh</b></a> <a href="http://app.babychakra.com/user/68024"><b>Pooja</b></a> <a href="http://app.babychakra.com/user/14423"><b>Harneet Khurana</b></a><a href="http://app.babychakra.com/user/162153"><a href="http://app.babychakra.com/user/11065"><a href="http://app.babychakra.com/user/11065"><a href="http://app.babychakra.com/user/18108"> </a></a></a></a>
Like
Reply
Priyanka
Like
Reply
18 Oct 2017