Find out why you are in urgent need of financial consultants Bengaluru!

It was not too long ago when one day my son came home, looking sad and reserved. I asked him what the matter was, and he replied that one of the acquaintances that he regularly played football tried to put him down by saying how he owns better football studs than my son, who used to play with ordinary ones. But according to our financial means, that was all we could afford to spend on football studs. Anything beyond that would disturb our monthly budget as we just lived from foot to mouth without saving any substantial amount of money.

Nothing had hit me as hard until that day. The look on my son’s face made me realize that I haven’t done enough for the family, and it is high time I do something to improve our wealth’s health. It was then that one of my close friends recommended a few financial consultants Bengaluru to me. I had personally seen my friend’s transformation from an ordinary middle class person with literally no money in the bank to an upper middle class person with substantial assets. I trusted his word and set up a few informal meetings with the financial consultants.

After a few meetings with different advisors, I finally chose a financial advisor Bengaluru that I thought understood my financial situation the best. Over a course of a couple of years, my position has transformed drastically. While some of you might find this a little clichéd, this blog isn’t intended to sound like a tele-shopping advertisement even though it might. My bank balance improved, I stopped defaulting on my credit card payments, I’ve secured my family with health and life insurance schemes, and have invested my money in a couple of fixed deposits and mutual funds.

At the very outset, the financial consultant Bengaluru understood my financial position, my job, monthly expenditure, and lifestyle. We sat down together and he drafted a few financial plans that we could follow. We followed one of them and today I’m a happier person. And you know the happiest part? My son owns the latest football studs manufactured by his favorite brand.   

4 strangest money saving tips shared by a top financial planner!

Both money making and money saving have always proved to be complex tasks! It is difficult to make money, and equally difficult to save some. That’s why we are always broke towards the end of the month. But if our financial planner is anything to go by, then you can save money in the strangest of manners! And our financial advisor also adds that while these tips might look strange at first, they are very effective in the long run. Let’s have a look at these unusual yet interesting tips!

·         Save those fast food restaurant condiments – Yes, those small pouches of ketchup, oregano, herbs, and chili flakes that you receive from fast food restaurants can help you to cut down 10s of dollars every month that you usually spend on buying these things.

·         Invest in a bank that doesn’t issue cards – There are loads of small credit unions which daily wage workers use in order to deposit their savings. You should open an account with one such credit union which neither offers credit/debit card facilities, nor has a facility for net banking. This will ensure that at least some part of money that you invest remains untouched!

·         Ask for special introductory offers on TV and internet: Today, one can find a new TV service provider or Internet service provider opening up every month or so. These people usually come up with introductory schemes to attract customers. You can literally grab offers that will help you to save up to 50% money as compared to what your spend on your existing plan. These plans last from 3 to 6 months on an average.

·         Use coupons: Though not a usual practice of financial companies in India, many financial advisors even advice their clients to visit websites that give food and entertainment coupons in order to save up to 90% money on these things. Such websites offer dining coupons and movie ticket offers.

The Name of Financial Planning Company might make a difference when you want to choose an advisory, but look out for someone who can offer such practical tips as the ones mentioned above!