How does the financial markets impact our daily expenses ?

We may think that our day to day job that has nothing to do with financial markets. But there are enough reasons to track a handful of economic indicators because they will influence our life. It could either impact savings, spending, investment or even your future job prospects or hike in salaries.

For example, we would have seen at least 30% spurt in grocery bills for the past few months. It’s an impact of food inflation, which rose to an 11-year high of 19.95%, for the week ended December 5, 2009.

Most of our monthly financial decisions such as providing home loan EMI, child’s education or something as basic as daily consumption of milk are largely determined by these economic parameters. So, its always benefits if we keep tracking our expenses and these finance indicators so that we can manage it easily.

Conversation between three friends while writing their month end hisaab

Amit: I have paid 90 rs in auto for all of us.

Tanmaye: What about the movie tickets i paid last to last week dont you guys remember it was 300 rs per head.

Vick: Hey but i dont remember any of these, infact i had paid for maid/dhobi and other household things ?

Just think how difficult it is to manage the above scenario,  moreover if you have bigger group of friends.

trackspends can help here all you have to do is send sms whenever you incur any expense and trackspends will account it. Also it provides single account to track for all your friends so its simple and easy to manage.

For more details check this presentation:

http://www.slideshare.net/callshubhan/group-finance-trackspends