Benefits of Investment Planning

Be it a regular income in your retired life, or savings for purchasing a new house / car; there is no way you can do it without investing your surplus money (apart from meeting your daily needs) in right investment portfolio mix.

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What is Investment Planning ?

Investment Planning Explained…

# Investment Planning is the Part of financial Planning that pertains to the allocation of investment assets.

# The basic idea to save is to use it when we face emergency (i.e., deficit in our cash flow). To ensure that your saving money's grow well to take care of our future financial dreams to reap adequate benefits from it, it is very important to begin a proper investment planning.

# It is an ongoing process of relating the clients' changing position to financial objectives within a constantly altering financial environment.

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CRR reduced to 5.5% from 6% with effect from January 28, 2012

After nearly two years of tight check on money supply to tame inflation, Reserve Bank of India (India's central bank) took steps on 24.01.2012 (Tuesday) to infuse more liquidity in the system by reducing a key rate (CRR) to help industry out of the current downturn.

The Cash ReserveRatio (CRR), the amount against deposits which commercial banks have to keep as liquid assets such as cash, has been lowered by 50 basis points to 5.5 percent from 6 percent with effect from 28 January 2012.

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Validity of Cheques Reduced from 6 to 3 Months: Saving Sundays

Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques – Validity period slashed to 3 months from 6 months : RBI Circular

This is to inform you guys that with effect from 1st Apr 2012, Reserve Bank of India (RBI) vide its Notification No.RBI/2011-12/251, DBOD.AML BC.No.47/14.01.001/2011-12 dtd. November 4, 2011, has announced a major change in slashing the validity period for Cheques/Drafts/Pay orders/Banker’s cheques from 6 months to 3 months.

This was done to protect public interest & banking policy, as in practice some persons were taking undue advantage over these instruments by circulating it in the market like cash for six months.

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Turn off the Television: Saving Sundays

One of the biggest ways to save money is to watching less television.

If you turn off your television, you will get the following benefits (financially and mentally):

            1)      You will not lose the opportunities

            2)     You will not become TV Shows addictive

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Steps in Financial Planning Process

In Continuation to the previous posts regarding What is Financial Planning and its scope, Benefits of financial planning, How To Make Financial Planning Work For You?, now are ready to know the 6 step Financial Planning Process Guide in this post.

This step by step Financial Planning Guide is designed to help you overcome all of the obstacles faced in the way of your personalized financial plan preparation.

The financial planning process is a logical, six-step procedure:

(1) Determining your current financial situation

(2) Developing financial goals

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Drink More Water: Saving Sundays

Benefits of Drinking Water

Not only does drinking plenty of water have great health benefits, drinking water has financial benefits too. Before each meal, drink a glass of water which will not only help to digest your meal better and also you wonʼt eat too much, leads to saving on your food bill & medical bill. You will also find yourself feeling a bit better as you begin to get adequately hydrated (most People are perpetually somewhat dehydrated).

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