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Financial Planning For Youth

When you are young and earning reasonably more, spending becomes an inescapable habit. There is no brake that can stop your consumerism from growing bigger when you have a credit card! Well, ‘financial discipline’ is the first condition for happy living and enjoying a tension-free, stress-free life. I thought I must show the ideal way with a few handy tips.


Life Without Money (24 Hours x 29 Days x 60 Months)

I know the title create some ambiguity around its meaning. Here’s the story: the author was a medical student studying at Surat during 1969-1974. Being an offspring of a middle-class family, all his parents could send him every month was Rs. 100 (One hundred). No doubt, this was more than 25% of his father’s salary and the rest 75% was to be spent by remaining nine members of the family. So, I used to receive Rs. 100 by MT (money transfer) at Bank of Baroda, Vanita Vishram (Surat) branch. Now this amount was exhausted in total on day one itself – so the remaining 29 days of the month had to be spent without any money – ‘zero balance’ stage, for all five years of the under graduation. This makes the story titled "Life without money - 24 hours x 29 days x 60 months"!


Credit Cards – Boon or Curse?

Are credit cards a BOON? – YES.
Are credit cards a CURSE? – YES.

You may be surprised reading this answer to these questions appearing rather simple. But the exercise of this article is to compare the advantages and drawbacks of credit cards after understanding the issues relating to it and finally, deciding where the truth lies.