Wednesday, 3 April 2013

Kamal Khetan Shows You How to Save Your Finances

By Mr. Kamal Khetan - Saving your money has become the need of the hour in our economic crisis of the upcoming recession looming over the global economic market. Our experts share some of the best ways to save your finances and make the best decisions for your investments.
             Having a budget is ideal. Budgets not only plan the outcome of your financial future but they also give you a clear picture of your monetary present. In this way, you know exactly where to put your food down with your expenses and where to let loose some of the reigns.

-          Dividing your expenses is another tact that could help you tally out your economic costs. Divide your costs into regular or non - discretionary and irregular or discretionary. The regular ones include your electricity and phone bills, your small repairs and parking lot expenses. Whereas, the irregular ones would consist of any major buying of furniture or renovating a certain area of your office space. This division is useful in cutting out on the regular expenses to make more cash flow for necessary irregular ones.

-          Getting good deals can prove to be a finance saviour. Negotiation and patience have the best results when it comes to securing the correct investments on beneficiary ones. This helps in cutting of odd costs and helps in additional savings.

Be wise and spend only on your needs rather than your wants. Learn to differentiate between the necessities and the luxuries and be smart to get the right prices. These steps will help you in your long term monetary investments to a great extent.

Monday, 1 April 2013

Kamal Khetan’s Step by Step Consult on Better Investment Planning

By Kamal Khetan - Planning a future of finances is an important aspect of economics. Be it a teacher who has a government job or an industrialist who is setting up his new base in a different location. It is essential to maintain your economic resources and to plan their use efficiently and effectively. Here are some of the ways which can assure better investments for your future:

1. Create a practical budget and keep tabs:  Having an overly idealistic financial budget is the first step towards failure. Instead make sure that your budget is practical and realistic and can be applied on a day to day basis. This will help in long term savings. Keep a check on your expenses and study them in detail to know which ones could be further avoided.

2.  Make sure to pay off your existing debts: Before you plan to invest in anything new, make sure you have no current debts on your list to clear. If you do, sort them out as your priority and then decide to proceed with the additional investment.

3.  Save in advance for a rough day. Make sure that you have sufficient savings as backup in case of any unexpected hitch in your finances in the near future.

4.  Have a sound and disciplined savings program which will correctly estimate your financial needs and will help you in creating suitable savings.

Saving your finances is the first step in executing an efficient plan on spending them wisely. Use these steps to guide you through the process smoothly.