How to Plan your finances for 2020 - PowerPoint PPT Presentation

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How to Plan your finances for 2020

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A small guide to properly plan and manage your finance for the upcoming year – PowerPoint PPT presentation

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Provided by: karthikraju
Tags: finance | loans

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Title: How to Plan your finances for 2020


1
How to Plan and Prepare Your Finances for 2020?
www.financebuddha.com
2
Focus on the below factors
Reviewing What You Spent in 2019
Set Short Term Flexible Goals
Spend to Save
Organize Your Debts 
Save for the Future
www.financebuddha.com
3
Reviewing What You Spent in 2019
Approximatereturn
Overspend
Expenditures
Total spend
Investment
www.financebuddha.com
4
Set Short Term Flexible Goals
  • Be clear about your Goals
  • Make a proper plan to accomplish them in a
    pre-set time frame
  • Make progress toward your financial goals

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5
Spend to Save
Whether you are self-employed or a salaried
individual, you should try spending some to save
from your taxable amount.
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6
Organize Your Debts 
  • Debts are financial obligation which can cause
    stress and tension when not managed properly.
  • Planning your finances for the coming year you
    have to be extra careful.
  • Try to repay your higher interest debt as early
    as possible as a higher interest consumes a lot
    of money.

www.financebuddha.com
7
Save for the Future
  • Start building your retirement and contributing
    investment funds.
  • Read the money related guides available online
    and understand the importance of savings.
  • You should place 15 of your gross pay into
    retirement every year.

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8
THANKS!!!
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