Saturday, November 28, 2009

Plan your future by cutting the current expenses...

Excerpt:

Mumbai-based Abhishek Choudhary, 23, a financial services professional, earns around Rs 10 lakh annually, and is planning to pursue an MBA course abroad in the next two years. He has taken a home loan, which entails an EMI of Rs 20,000 and a 15-year repayment tenure. His monthly living expenses, including rent of Rs 11,000, amount to Rs 30,000. He has two regular and one single premium insurance policies.


To plan for above goal in next 2 yrs, Abhishek should reduce his expenses to 10,000 per month.

How to plan it?, by tracking the expenses and cutting down items that are not necessarry. For tracking expenses he started using trackspends.com and has now able to identify his expense target and items to cut-short.

Have a future goal of Higher studies, planning a long break or early retirement, cut your expenses by tracking them....

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