![]() ![]() Include everything, from the grocery bill to what you pay the maid, from the fuel expenses to the EMI of the car.Īnything and everything that is paid for should be in the list. Then make a list of expenses incurred in a month and allocate money to each of these heads. This includes salary, rent, interest on deposits, dividends, etc. The first step in budgeting is to write down the various sources of your income. It will give you a fair idea of where your finances are headed and what you should do to get a grip. If you still think you don’t need to formulate a household budget, click here to take a short test and find out if you are right. On the other hand, the family with no budget will tend to overspend on discretionary items and push long-term goals on the backburner. This is simply because if a family has allocated some money for investment, that amount will automatically get invested every month. Research shows that households that follow a budget save more money than families that haven’t laid down rules. Mutual Funds Spend Credit Cards P2P Data Center Fuel Rates Diesel Rates Petrol Rates Bank Pan Number Bank holidays Penny Stocks MF Ratings & NAV Top Performing Schemes Top Star Rated Schemes Top Tax Saving Schemes Highest Risk Adjusted Return New Fund Offers Forthcoming Dividends NPS Top Performing NPS Scheme Most Consistent NPS schemes ETF Perfomance Latest Prices Listed Bonds Traded in Cash Market ULIPs ULIP Schemes Calculators Recurring Deposit Calculator Fixed Deposit Calculator LTCG Tax Calculator Income Tax Calculator Rent Receipt Generator SIP Calculator IFSC Bank Code NPS Calculator Invoice Generator EPF Calculator House Property Income HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Interest Rates Recurring Deposit Rates Fixed Deposit Rates Bank Fixed Deposits Rates Post Office Schemes Rates MCLR Loan EMI Participate & Win Stocks & Shares ET Wealth ET Wealth Editions Buy Wealth Magazine ET Wealth Newsletter
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