![]() ![]() You always have to maintain a balance between current needs and saving for the future. The outflows due to EMI for the loan(s) become part of the personal cash flow management. ![]() Often, the savings may not be sufficient to make a big purchase like a house, a car, etc., so you may have to take out a loan to service this requirement. Effective cash flow management will ensure that you have planned for goals and emergencies. It is possible that in a particular month, the outflows are more than the inflows due to a requirement for a goal or an emergency. ![]() This way, if you have negative net cash on a long-term basis, you can never achieve financial freedom.Īnup Bansal, chief investment officer, Scripbox, said, "Ideally, one should strive to save 30% of the inflows.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |