Glimpse Of The Workshop
We recently held an insightful session dedicated to enhancing financial well-being. Our discussion delved into interesting budgeting methods that the Japanese used to follow called Kakeibo, personal finance myths, defining the true essence of wealth, and exploring key financial planning concepts. It's incredibly encouraging to witness the growing awareness and interest in financial literacy among the next generation.
Because learning starts with questions
How we can plan for an emergency fund?
You can have a short-term goal to build up your emergency fund. For example – you can decide that within 6 months, you will build up your emergency fund by saving a specific amount every month.
Being a student how I can start my budgeting?
Start with listing your income and all your expenses, from education fees to entertainment. Ensure your expenses don’t exceed your income, and track your spending. As a beginner, you can start with saving and investing at least 20% of your income.
I want to go for higher education and need to save for it. How to start?
Once you have that figure, break it down into yearly investments and then further break it down into monthly investments. Now you will have a smaller amount, which you can start saving and investing from today on a monthly basis. After your predetermined time period, you will be able to save for your higher education amount.