๐๐๐ฑ๐ญ ๐
๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐ฒ๐๐๐ซ ๐
๐25 ๐ข๐ฌ ๐ง๐๐๐ซ, ๐๐ง๐ ๐ฌ๐จ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐๐๐ฅ๐๐ซ๐ฒ I๐ง๐๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ & ๐๐จ๐ง๐ฎ๐ฌ
Receiving an increment or bonus is definitely satisfying, however itโs essential to make prudent decisions on how to utilize these additional funds.
So w๐ก๐๐ญ ๐๐จ๐ฎ๐ฅ๐ ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐ฉ๐ฅ๐๐ง ?
๐ Do ๐๐ฎ๐ฆ๐ฉ๐ฌ๐ฎ๐ฆ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ข๐ง๐ into your existing portfolio / goals. This will help in accelerating your corpus & reach the goal faster.
๐ ๐๐๐๐ญ ๐๐๐ฉ๐๐ฒ๐ฆ๐๐ง๐ญ - Prioritise in repaying your high interest loans โ education, car or home loan. This helps in reducing the interest costs & get rid of liabilities faster.
๐ Increase your ๐๐ฆ๐๐ซ๐ ๐๐ง๐๐ฒ ๐
๐ฎ๐ง๐ to cover 3 to 6 months of living expenses. Park this in any liquid or short term safe debt.
๐ ๐๐ญ๐๐ฉ ๐ฎ๐ฉ ๐ฒ๐จ๐ฎ๐ซ ๐๐๐ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ๐ฌ. This is very important for your long term growth and achieving the financial goals quicker. If you got a 10% hike, you should step up your SIP by at least 10%.
๐ You should definitely invest in ๐ฎ๐ฉ๐ ๐ซ๐๐๐ข๐ง๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฅ๐ข๐๐๐ฌ๐ญ๐ฒ๐ฅ๐. But always exercise prudent spending rather than short term gratification.
๐๐ง๐ ๐ญ๐ข๐ฉ ๐ฐ๐ก๐ข๐๐ก ๐ฒ๐จ๐ฎ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐๐ฅ๐ฐ๐๐ฒ๐ฌ ๐ค๐๐๐ฉ ๐ข๐ง ๐ฆ๐ข๐ง๐, ๐ฐ๐ข๐ญ๐ก ๐ข๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐ฌ๐๐ฅ๐๐ซ๐ข๐๐ฌ & ๐๐ ๐, ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฏ๐ข๐ง๐ ๐ฌ ๐ซ๐๐ญ๐ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐๐ฅ๐ฌ๐จ ๐ข๐ง๐๐ซ๐๐๐ฌ๐.
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