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.
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