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! 

It pays to hire a financial planner!

We often try to dabble in fields that don’t concern us, and eventually accept that we’re terrible at it! Same is the case with financial management. We often think that it is our money, and therefore we should manage it. Rather, we think that since it is our money, no one apart from us will know how to manage it. There’s some sort of skepticism as well when you go to hire a financial planner. After all, what if he slips, and all our hard earned money goes down the drain?

Well, such concerns are pretty natural. Since there’s a lot of money involved and possibly at risk, one is bound to feel nervous. However, you will soon come to terms with the fact that only a financial consultant, also known as a financial planner, is the best person to trust your money with. They are highly qualified, well experienced, and possess educational degrees in the field of finance. In fact, while hiring them, you should look at these qualities. If they don’t possess a degree, you shouldn’t hire them. Try to ensure that you are getting hold of a CFP or a CFA! 

You can contact financial planning companies in your city and ask them to send over a financial planner or a consultant. While a financial planner noida will plan out your financial roadmap properly and look after your investments, a financial consultant might just offer you some advice. It is totally up to you which one would you like to hire. Typically, they will come and give a short presentation mentioning about the key benefits they can offer you, whilst also throwing some light on their significant achievements, major past and present clientele. 

A lot of people wonder how much does it cost to hire a financial advisor. Different financial advisors have different modes of compensation. While some work on a flat monthly fee, others charge commission. There might be a combination of both the compensation modes too. For detailed information, you could check online. They will mention some sort of estimated pricing for all those interested in hiring financial advisors.

Securing your family's future with sound Financial Planning

Financial independence is perhaps the best feeling a man can get. To be able to buy anything you wish to, to be able to live life your way without asking anyone. Isn’t it truly marvelous how life would be at that stage? Almost everyone struggles to reach that stage of financial independence in life. While some achieve it, the remaining people strive hard daily to reach that transcendence.

You might know a lot of people who aren’t satisfied with their jobs but are still clinging on to it. Whyare they still carrying on? Because they need that certain inflow of cash every month till they reach financial maturity. There are so many businessmen who have seen their competitors rise but they are still where they were. Why? Because they aren’t financially secure to take a deep plunge into a risky territory! 

Considering all the above things, you can break free from this clutter of people waiting to achieve financial independence by doing personal financial planning for the benefit of your family. Personal financial planningis very vital, because very often life will confront you with demanding questions and you need to be ready with the answers. Incidents in life such as your child’s higher education, marriage of your daughter, planning a much needed vacation and finally your retirement will come one after the other, and you need to be prepared for them. 

These decisions require a lot of planning, and just as you start making a career, you should start thinking about these things as well and hire a financial consultant. A financial advisor is a one who’s well versed with everything that has been going, that goes on, and that will go in in this world run by money.  He is quite knowledgeable about the various policies offered by investment and insurance companies, as well as the financial schemes of the government machinery. A trip to some good financial planners will make youfeel secure about your future as they will provide you guidance in the best of your interest.

These financial planners have a good experience of doling out amazing pieces of advice depending on your income and expenditure. They will help you to curtail unnecessary expenses and inform you about the various schemes offered by the investment companies such as those for your child’s education, your daughter’s marriage and so on. Retirement schemes are a big hit in India, with every firm trying to outdo the other.

But as they say, “investment policies are subject to market risk, read the offer document carefully before investing!” Trust only financial planning India experts who have had an excellent track record of guiding people to the right path. If you have saved enough money and wish to invest that for a better future, then too you can hire financial planning India experts that can suggest you proper places to invest, in order to sleep sound on every night of your old age, without having to worry about having enough money for the next day.