Financial fitness

Financial fitness

• 1.
  A Seminar On Financial Fitness Presented By:Sandeep Wakchaure
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  ABSTRACT In today's lifewe always realize that we need to manage our spending, we have to manage our money. We think there should be a balance sheet which useful to analysis where the money are spend or how much with each month are spent, and further how we can manage by reviewing this sheet. In this presentation I have added same thing, which state the mode of expenses and way to mange all these. It also describe the different ways of saving and ratio of expenses, tricks to save manage your money , rules for better money managements.
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  Outline  What, Why,How  Finance Fitness calculations  What kind of Saving  Tricks to save money  To save or Invest  Ways to be a financial fit  What if expenses exceed income  Conclusion
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  What, Why, How Before starting with presentations once we came across the answer of this questions is what we are going to discuss now, why it is need, and how we can do it then it will become more easy to understand it.  What – Financial Fitness nothing but managing your money in saving, expenses by certain ways or tricks and be ready/ fit with any further economical situation.  Why- In today’s life we always heard about “I need to earn more”, shit I have lots of expense , “My salary in not enough as per my needs”, there is no money for any emergency, my saving are zeros.  How- To solve all above mentioned problem we need one stop solution ie Money Management.
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  Calculation for fitnessPlan Calculate Current financial resources:  Net worth: the total value of what you own (assets) minus what you owe (liabilities) Assets - Possessions, vehicles, home, bank accounts, investments, etc. Liabilities- Remaining mortgage on your home, any loans/debts, etc. Subtract your liabilities from your assets.  Goal: a positive net worth, which grows each year review your net worth annually.
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  What kind Saving Investment Saving  Educational Saving  Entertainment Saving  Regular Saving  Investment Saving : 10% of monthly income, you can put in to insurance, property, Shares.  Regular Saving : you can use it for any emergency or any outing or unplanned purchase.
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  Cont..  Educational Saving: 10 % of your earnings, so that in feature you don’t need to worry about  Entertainment Saving : 10 % you can spend on your self , movie, phone.  Remaining 60 % of Money – you can use it for Food , utilizes, Bills, Mortgage, Loans.
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  Tricks to savemoney  Spend Less Money Than You Earn.  Start with a “spending plan” or budget plan.  Add up monthly income: salary, average tips or bonuses, other any income etc.  Add up monthly expenses: mortgage or rent, car payments, food bills, entertainment, etc.  Include savings as an expense!  Subtract income from expenses
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  To Save orInvest ….???  Investing money is really better than the keeping them in bank, or keep at home as saving , In case you have enough money as saving for future plan you can put money as INVESTMENT, below are some areas where you will get a good returns,  Stocks  Real estate  Foreign investments  Mutual funds  Any manageable business.
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   Put abroad limit to regular expenses so that they do not go out of control.  Look at various payment options such as zero-interest EMI while buying a valuable item.  Do not hesitate to ask for discounts and complementary services.  Before making a big purchase, surf the Internet to look for discounts.  The Internet can also help you save on brokerage while buying an insurance product or even a house.  No more than a third of one's net income should be used to service debt; savings must be at least one-third the income. Ways to be a Financial fit…
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  What if expensesexceed income?  Cut Expenses  Clipping grocery coupons  Bargain hunting  Real savings: housing & transportation!  Increase Income  work a part-time second job  turn a hobby into income  Jointly decide that another family member will work
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  Conclusion In this presentationwe discussed about what all are the ways to manage your money, how we can divide our earning by making a correct plan and how we can put saving in different areas. Also we seen several tricks and rules to save money, and correct management will definitely save your money which makes you financially fit, which really helpful for the any further economical situation or for future or in the retirement.
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  Thank You!