A few months back, I carried out a survey on personal finances. The goal was to study the impact of the pandemic on personal finances and delve a little deeper into the behavioural aspects of personal financial management. One of the areas studied was budgeting; the systematic approach of planning (and predicting) one's cash flows … Continue reading #08 Budgeting – An Illustration
Category: Personal Finance Articles
#07 Budgeting – The Process
PART I A couple of years ago, I came across an idea that changed the way I budget. It proposed that the first 10% of our income be allocated to giving, the next 60% to expenditure, and the final 30% to savings & investments. There was no specific guidance on how much should be directed … Continue reading #07 Budgeting – The Process
#05 Accounting – part three
An ardent reader of this blog noted that there was a running theme of Financial Independence in the first part of this 3-part series on personal accounting [or personal finance if you prefer]. Investopedia defines the term as having enough savings, investments, and cash on hand to afford the lifestyle you want for yourself and … Continue reading #05 Accounting – part three
#04 Accounting – part two
There has been a longstanding misconception about accountants. That we are boring [not interesting or exciting], we are bland [without anything attractive], we are blue [sad, melancholic, depressed]. I see many of my counterparts beginning to line up here to cast doubt on these aspersions. What we are is bright, beautiful [or handsome if you … Continue reading #04 Accounting – part two
#02 Foreign Ground – part two
Read last week's article? Here are a few accounts from my previous post that sets the stage for today's thoughts. Everything was fine until they cut our salaries by 30%. They, then, begun delaying transfers by 10 days, 20 days, 30 days, 60 days. Yes, 60 days! I had a loan and as soon as … Continue reading #02 Foreign Ground – part two
Accounting & Other Stories 