With the following financial planning steps, planning your financial future doesn’t have to be a long, drawn out, intimidating or complicated process. In fact, for most people it is a straightforward process that can take very little time and reap huge rewards. These are seven easy steps that you can follow to provide for a more secure financial future. 7 Easy to Follow Financial Planning Steps 1. Get Organized Just having all financial documents and statements in one place, categorized, filed, and easily accessible is a major first step for many people. Taking a little time to create a filing system, separating old and current statements, creating a checklist of important documents, can save a lot of time in the rest of the process. 2. Know Where You Want to Go No sense in planning if you have no destination, otherwise any road will get you there. Setting goals is about envisioning your future, what you want to have happen and knowing why it is ...
16 Ways to Stay Fiscally Fit in 2016 Read this article on Walnut blog. Informative and useful for each one of us to know. Read On and master it :) 1. Save more Saving more seems like a very easy thing to do, but at the end of every month, we’re always fighting a losing battle when we total up the credits and debits. Decide how much you’d like to save every month, and how you’d like to allocate it. As far as possible, ensure this is automated so you’re not tempted to vary the saving. This could be in a fixed deposit, an SIP in a mutual fund or a transfer to another bank account that you keep only for savings. 2. Make a budget and stick to it Making a budget often seems to terrify people and they keep putting it off. Start by putting together whatever recent bills you have, along with your bank and credit card statements. Once you get this information for the past 3-4 months, you will see where and how much you spent, and a pattern to your expenses – which are recur...