Or shall I say how I can prove it that you suck at managing your own money big time! Yes, that’s how it is in most of the Indian households. No one thinks its an important enough topic to be discussed.
But mind you, fighting over which TV channel to watch, which restaurant to go to this weekend and why you do not talk to my parents are very very important and critical issues that demands immediate and consistent attention.
Top 5 symptoms:
1. It is not important: I am earning salary and it’s only going up every year, I have a working spouse (whose salary is also going up year on year) or I will marry a highly paid person, anyways.
2. I am no rich guy who needs to MANAGE money: I am just an average salaried employee of a good paying company (yes, the sarcasm was intended). I am no Anil Ambani who needs to mange money so professionally. Am good.
3. (opposite also holds true) I am rich: I have money, from parents, from spouse, from God. I don’t need to bother myself with these petty things, I have been god sent to do better things in life!
4. I will know when it hits me: I have a fair idea of where I stand, financially and I will know much in time before sh*t hits me!
5. What do you expect me to do? Keep a diary and a pen where I enter all my details like I paid Rs. 10 extra to the Auto wala today?
The ‘chalta hai’ attitude is where all the evil is!
“I earn, you earn, we have fun” is the mantra we have all our lives and take financial crisis head on as it happens and take pride in doing so! We say ‘dekha’ this was impossible but I was able to arrange for money in such short time from somewhere and am a superstar now!
Let’s accept the fact first. Yes tracking your money to each penny is a last activity even I would do! But then no one is asking you to gun for a Gold Medal in accounting!
All you need to do is Plan for future things (as much as you can see), set aside money for it regularly, track if its going on well enough, few hiccups here and there is ok to have, but ensure consistency, use one of the most automated online personal finance apps in the Indian market and track it with no mental hassle and relax! Check your investments regularly and make corrections if need be.
For where to invest kinda questions: Consult your friends or people whom you trust and have some what better knowledge in finance than what you personally posses and don’t forget to enjoy life as always.
Then you will be saying: ‘chalta nahin hai boss main chalata hoon’! Let’s manage money…better!
So, Are you game for it?