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Shailesh Dhabale -financial expert- NIRMAYI INVESTMENT AND FINANCIAL ADVISORY
Dear investor MUTUAL FUND NEWSLETTER of Jul 20 https://tinyurl.com/y7gaac63?pcode=c33eb6109cb5509165ec855ca28e060d
PLANNING A VACATION. HERE ARE SOME FINANCIAL TIPS FOR YOU
We often don't think twice while spending for trips and holidays since it's a much-needed break. However, if developed sensibly, you can easily plan a fun holiday within your budget and moreover end up saving too.
Given below are some financial planning tips for a vacation:
1. Plan in advance:
Last minute planning can prove to be a costly affair since travel fares and hotel tariffs largely increase during summers. You can save a lot of money if you plan beforehand. Once you have picked the location, go through the different travel options in addition to accommodation choices. Heavy discounts are often given to people who book in advance. If you wish to take a holiday abroad, keep the exchange rate in mind. Such detailed planning will ensure a smooth, fun trip without any last minute hassles.
2. Work out the various costs:
Once your destination is decided and the tickets are booked, the next important step is to understand the expenditure which will be incurred during the course of the journey such as sight-seeing expenses, meals, transport charges, souvenirs to be taken, shopping etc. Make sure you have adequate funds to take care of these outflows.
3. Begin saving beforehand for your journey:
After you have calculated the cost of the total trip, determine how much you need to save in order to pay the amount comfortably. For example, if the cost of your vacation is Rs. 50,000 and if you have 5 months before you leave, make sure you save Rs.10,000 every month. This could mean not going out for fancy dinners often or keeping some luxury purchases on hold but it'll be worth the effort.
4. Keep unforeseen expenses in mind:
When you create a budget for your vacation, place some cash aside to take care of emergencies that might occur during the journey. It could include losing your baggage and shopping for spare clothes, doctor expenses in case of any family member being injured, spending an extra night at the hotel due to train/flight delays etc.
5. Be aware of credit card/debit card charges:
At times, card firms might impose additional charges on credit/debit cards especially when they are used in a foreign country. Call up your card company and check the fees you might have to pay while performing any transactions. It's recommended to carry some cash instead of being completely dependent on cards.
Summer vacation trips are the best time to relax, bond with your family and create precious memories. Don't let shortage of funds ruin your outing. Make a proper financial plan so that you enjoy every moment instead of worrying about the expenditure.
Happy Investing!
NIRMAYI INVESTMENT SERVICES
Shailesh Dhabale
Contact us : 8329831239, 9503041116
Email us : [email protected]
Visit us : http://nirmayi.com/
For more details about our services, please call us on 8329831239, 9503041116
Story of the Week
Patience and Discipline
Whenever we have a hearty meal, it seems so enjoyable but afterwards the feeling is тАШfullтАЩ and sometimes very unpleasant. One feels very lazy and lethargic. On the other hand if one does an intense workout that leaves you sweating like a pig, the 'feelingтАЩ that follows is almost always so pleasant. One feels energetic and lively.
Similarly when one invests with discipline and patience, it may not seem pleasant in the beginning but as you invest with discipline and patience over a period of time you start to feel energetic and confident as you experience the formation of wealth. But if you were to spend your money on goodies and things of pleasure, the immediate feeling may be nice but later on, one feels the misty and pain of poverty.
Clearly making wealth demands discipline and patience. It does not come easy.
Happy Investing!
NIRMAYI INVESTMENT SERVICES
Shailesh Dhabale
Contact us : 8329831239, 9503041116
Email us : [email protected]
Visit us : http://nirmayi.com/
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9503041116
Nirmayi Investment and financial advisory
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