5 things you can do with your surplus income

1. 5 things you can do with your surplus income www.avendus.com/india

2. Savings for your children’s education For almost all of us, our children always come first. Trying to provide the best life for them is always the goal. Their education costs are quite high, and not easy to manage. Starting to save as early as possible will make the compounding work in your favour. Specifically designed education funding plans might help you get there.  www.avendus.com/india

3. Invest in high interest accounts You can set up saving accounts for future planned investments you want to get into, like a new car or even a new house. Put your surplus income in a high-interest savings account and watch it grow with the power of compound interest while still giving you access to these funds when required. www.avendus.com/india

4. Boost your emergency funds One of the first things you should when you have a surplus of income lying around, is set up an emergency fund. The current situation arises the need for an emergency fund, to help you take care of or manage any sudden expenses with reduced financial stress. Even financial advisory services would advise you to do the same. www.avendus.com/india

5. Angel Investing If you want to think out of the box, you can become an angel investor. He’s someone who provides funds for a business start-up, usually in exchange for ownership equity. Similar to venture capital, but only an individual investor gets involved. It can be a nice side business for you, a risky one, but watching it grow yourselves could be a great feeling. www.avendus.com/india

6. Pay off debts Paying off your debts is one of the most freeing feelings you could have, having that financial freedom to get that load off your shoulders. You could pay off your car loan, and then use the extra funds to invest to increase your overall income as well. www.avendus.com/india

7. Thank You www.avendus.com/india