Do you have a Good Financial Planning?

@abhaijith (2962)
India
March 30, 2016 4:00am CST
Dear Mylotters, We are on the Financial Year End. Many of us here are having a well defined plan for their Family Financial Management. And many of us has no Plans, especially bachelors. So here, let's discuss about that. how was yours last financial year? What all are the investment programs that you follow, for your family? As tomorrow is the Financial Year End, What all are Your Plans for the next Financial Year? And about me, Till now I haven’t followed any Financial Plans. For now, I do have a Monthly savings of 250USD but I don't have any investments. Today there are many Magazines and Websites to help us in financial management of Life. Also some Apps are there for the same. I would like to discuss with you on this? Can You share your plans here?
3 people like this
5 responses
• United States
3 Apr 16
You are very wise to do this my friend. I have little little money as much as your savings per month to survive..lolz At one time, I could run a company, I had the abilities, but no more. If one does not save and multiply savings, it is a sad end they will meet. So though I am not in financial sector, you are on the right path.. savings and roots a place to live, good job, main issues in life. All the rest will come after that. Much good luck to you..you sound very sensible man. I hope that someone here may have some good suggestions for you. Or you may find some information for more ideas.
2 people like this
@abhaijith (2962)
• India
3 Apr 16
Thank You So much for this valuable response and Wishes Am in a Mechanical life...Everyday is same for me unless we name it as Monday to Saturday.And having a Constant savings from that. I really wish to do something as my own and improve the Monthly savings.But not coming across any Good Ideas.
1 person likes this
• United States
3 Apr 16
@abhaijith abhaijith...I found this one for you: If ever you want to search on myLot itself, you can look on the upper right hand of this page..and see Search..it gives you many search options to find discussions relating to your topic as well..I hope there may be others to connect with on this.
Here you'll find discussions related to the term 'financial advice' as tagged by myLot users.
1 person likes this
@jaboUK (55052)
• United Kingdom
31 Mar 16
I am retired now, so my planning is all in the past. I made some wise choices and am now comfortable financially.
2 people like this
@abhaijith (2962)
• India
1 Apr 16
Sir, Nice to meet you. Thank you for your valuable comment. As am in my twenties what should be my Financial Plan for the life? Any investment programs can you suggest?
1 person likes this
@jaboUK (55052)
• United Kingdom
1 Apr 16
@abhaijith I wouldn't be comfortable suggesting anything to you, but the most important thing is to never spend more than you have. Avoid credit cards unless you pay them off every month.
1 person likes this
@miniam (9233)
• Bern, Switzerland
30 Mar 16
l do not have financial plans or savings,the saving i have will be used end of the year to migrate to a tropical paradies
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@abhaijith (2962)
• India
31 Mar 16
Hi friend, Nice to see your response. If you have such a plan for the year end, I will say You should make a financial Plan.
@sjvg1976 (18407)
• Delhi, India
3 Apr 16
I invested 2500$ in PPF to exempt tax. I normally don't spend much so money remains saved in saving account
2 people like this
@millie02 (6905)
• United Kingdom
3 Apr 16
We try to save money each week for the things that we are going to need.
1 person likes this