LIVE IT UP

Kalwyna Rathod helps you plan for the luxury life you deserve

It’s wise to save for the future but, if you don’t allow yourself some luxury along the way, what good is it really? You slog all day at work, or toil away trying to break even with your business, or probably both, and you deserve the world for all your hard work. Whether it’s shopping, vacations, or a relaxing massage every week that makes you happy, your definition of luxury doesn’t have to be out of reach. Get your finances right and live life queen-size. which manages assets of `900 crore+ in mutual funds, recommends a ratio of 50:40:10 for investing, needs and splurges. “Splurges should be planned in a way that neither affects your investments nor degrades your lifestyle,” she advises. “Remember, if you cannot buy it twice, you cannot afford it, and it only constitutes unreasonable splurging. Guilt-free splurging only comes after you’ve achieved financial freedom – when your passive income exceeds your active income.”

EVALUATE YOUR SPLURGES