Debt Management Sandeep Gautam
POINTS PLANNING 1. First, know your debts &list them. 2. Pay incremental and gain Exponential. 3. OLX pe beach do..( For EMIs) 4. Temporary Downsizing. 5. Pay Loans with your second Income. 6. Have an Emergency Savings. 7. Budgeting is Blessing. 8. Use extra income to end your debts first.
Those who don't manage their money will always work for those who
Have an emergency savings 1. Mutual funds 2. Equity Bond:s 3. Liquid fund
DEVELOP HABIT OF BUDGETING
BUDGETING 1. Calculate03-04months expenditure. 2. Make a spreadsheet 3. Data-driven approach.
Category Budgeted Amount Spend Amount Remaining Amount Electric Bill Rent Food Credit cards Investment Entertainment
USE EXTRA INCOME FOR EMIS
Examples 1. Tax refund 2. Car for sale. 3. Property Inheritance. 4. Bonus. 5. Incentives.
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Graduted from DU in Commerce. Pursuing MA Economics from FMS. Aiming UPSC CSE in future. Traveller | Bird Lover. Love to Dance and Guita