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
Tag: Personal Finance
#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
#06 Budgeting
My apologies for missing out on last week's post. The article was actually 95% done but I still wanted to sit with each of the respondents (in my head) and listen to them once more. And my conclusion is this, that there are several ways to skin a cat. Today's article introduces BUDGETING; the second … Continue reading #06 Budgeting
#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
Accounting & Other Stories 