Payday to mayday: The hike mirage and why bigger salaries still feel smaller
In India, salary increases of approximately 9% are falling short against the backdrop of soaring living costs and inflation. Families are grappling with heightened expenses on essentials like food and fuel, resulting in diminished disposable incomes. This widening gap between income growth and the cost of living place…
Those families who have large EMI or low emergency funds are at particular risk in case of any financial shocks.
Regular savings impact retirement plans in the future.
A household must develop a systematic way of handling its finances through regular assessments of its income, expenditure, liabilities and savings obligations.
Budgeting for oneself realistically and focusing on necessary spending and cutting out unnecessary monthly expenses can help one be more financially flexible.
Determine the monthly installment amount for a loan
Estimate the returns on investments made through SIPs
Find out maturity amount and interest earned on PPF
Check maturity amount and interest earned on an FD
Estimate the pension amount and corpus accumulated under NPS
A Mutual Fund Calculator helps estimate the future value of investments
Full detailed coverage is shown on the council website above. Source attribution: Times of India – Business.
Back to all council news
