Financial Declutter

Some Strategies to Help You Simplify Your Money Life

- Varuna Laddha

We study, take jobs, get married, have kids and then, we need a place to live, a new car, get our children educated or married. All these become our financial goals. In India, we all save, we are called savers of the world. Even retirees can save from their nest-egg. We try establishing our financial goals, because financial management takes away the stress financially for our loved ones. After every occasion, we need to rethink our finances in financial terms, I would say, it’s time for a portfolio review. Life events force us to reorganize our finances. It happens with each one of us, as no one is spared. Winter goes and summer comes. Similarly, one event goes and another is in waiting. To manage emotionally through these events is one thing, and financially is another. We all need time from our day to day lives for re-organizing or making space for new things. And same goes with our finances.

Declutter/Organize

Declutter simply means to remove unnecessary items from an untidy or overcrowded place. But, have we ever given a thought to apply it to our finances. Since, a new financial year has just begun, It can be a good time to look at our financial health. If we use the following tips, we can have better hold on our finances: -