Assets

6 factors you didn't know about SSY

6 factors you didn't know about SSY

6 factors about SSY you didn't know

Subramanian
SSY Benefits 1. Account opening The account may be opened by the natural or legal guardian in the name of a girl child from the birth of the girl child till she attains the age of ten years . You can open only one account in the name of the girl child . Natural or legal guardian of a girl child shall be allowed to open the account for two girl children only (exception for twins)
Goal Planning - Goal - Part 7

Goal Planning - Goal - Part 7

Monitor your goals and the assets associated with that

Subramanian
Monitoring helps you determine exactly when a goal is on track. It provides you a feedback which incorporated allows you to make rectifications and therefore achieve your goals which you have laid out earlier. Feedback is important as it could tell you whether the path that you have chosen to achieve your goals is correct. It is a vindication of some sort. A reality check. It gives you an opportunity to correct your deviations and take you towards your goal.
Goal Planning - Goal - Part 6

Goal Planning - Goal - Part 6

Identify your goals and prioritize them

Subramanian
What are goals ? As an individual / family, you have a vision or a personal objective/s that you would like to meet in your lifetime . Some / all of these objectives may need to be financed . Therefore having a goal makes sense. Goals have to be SMART . Create a plan to achieve your goal Execute the plan. Examine results of your execution. Incorporate feedback to your plan Repeat steps 3 to 5 In other words, this is your famous Plan-Do-Check-Act (PDCA) cycle that will help you achieve your goal.
Goal Planning - Income & Expenses - Part 5

Goal Planning - Income & Expenses - Part 5

Identify your sources of income and categorize your expenses

Subramanian
November 2002 - I boarded the train from Mumbai to Pune to take up my first job. Net income was Rs 15,000/- We were working in one of the top IT service companies and quite excited. I used to meticulously write my expenses on daily basis. Very soon, I had made some good friends. I was eating out regularly. There was one late night movie every week, parties during the week.