Stay within your means by becoming your own finance planner

1. Stay within your means by becoming your own finance planner You go to a grocery shop. You buy a list of daily products like tea, coffee, rice, pulses, spices, cooking oil, chocolates, chips, and health drinks. Next, you visit a pharmacy and buy medicines for your aged parents. You come back home, and you have to pay the electricity bill, water bill, and rent to your landlord. The next day you have to pay your child’s school fees. You have also ordered a refrigerator as the old one has stopped working. But you have no time to keep a tally of the total amount of money you are spending. When you sit down and check your bank balance you are totally bewildered. All your hard-earned money is gone within a few days and you’d never imagined that you’re spending so much! To make your life easy and trouble-free you must become your own finance planner. Whether you are single or have a family to support, keeping track of expenditures and savings is extremely important. Life becomes beautiful and organized when you have control over it financially. How can you become a finance planner? To plan your finance effectively you must be aware of your daily expenditures and savings. You can write down the expenses daily and calculate them at the end of the day, week, or month or when you get time to calculate. Another easy way to become a finance planner is by using a money management app like Expense Khata. The app can be downloaded easily to your smartphone. Amidst your hectic schedule, you can just put your expenses in the app and the app will automatically calculate your expenses with a click.

2. What are the benefits of planning your finance? You can understand how you need to spend money Problems arise when you spend more than you are earning. As a financial planner, you can understand your problem area or where you are spending more than your needs. You can have a money management app that can keep track of all your expenditures or savings. Saving for the future is extremely important You need to plan your investments wisely so that you have enough money saved in your bank account after your retirement. Life will be easier if you have a clear budget beforehand. Need for recreation Apart from daily needs expenses must be kept aside for vacations and recreations. By balancing your needs and wants you along with your family will be able to lead a balanced and happy life. Emergencies can arise without any signal Nowadays life hospital and medicine costs are huge. Your savings can save you from trouble. In case of such emergencies, you must be a finance planner and manage your expenses. Enjoy a stress-free life With a proper plan of your expenses, you can live a stress-free life. Budgeting will help you understand your expenditures and help you to organize your money mindfully and wisely. Just a small smartphone app –Expense Khata can bring a drastic change in your life.