Your Chartered Friend-Part 1 : What exactly to do with your monthly salary?
I came across many incidents where my friends in job from non-commerce background struggle to understand the financial world and terms. So much so that it become a hindrance in taking good and important decision and increases their dependability. Fair enough given existing educational system. But never mind, your Chartered friend is at your help. With this first part of the series, we are going to discuss one topic in one blog. Frequency I will try to keep weekly but won't assure. You know about sundays 😂. So here we kickoff with first topic: What exactly to do with your monthly salary? Assuming you have consistent / near consistent monthly income. Now you have three things to consider: 1. Your monthly necessary expenditure (Needs): We are born to pay the bills (and to eat too). Find out how much average amount of money you need for your monthly basic necessary expenditure. I repeat basic necessary expenditure. Ignore Movies, outing and party f...