The Union Budget failed to provide any tax incentive to help individuals squeeze more savings out of their earnings. Individual taxpayers and financial experts eagerly waited for the Budget to ease some of the pain, but that has not happened. However, it is possible to squeeze more from your existing savings if you take a disciplined approach.
"We All Need A Budget. We are the only person who can know what our money needs to do for us," says Vivek S G, SEBI-registered investment advisor and founder of Wealth Craft, a financial advisory firm.
Here are five ways you can plan your personal budgeting to get the best of the output:
Nowadays, there are a lot of mobile apps for keeping track of one's expenses. Using such online budgeting tools or creating simple excel spreadsheetS To track your incomes and expenses can help you keep track of your expenses.
Union Budget might not have brought any hope for the salaried individuals, but sticking to these habits may help you.