SMART Goal Planning

Research shows that specific and challenging goals lead to better performance and sense of accomplishment (Locke, 1968). A SMART Goal is defined as Specific, Measurable, Achievable, Realistic & Time bound.

Your future is defined by your goals for yourself and loved ones.

Child Education & Marriage

Most parents start saving for their Child’s education from their Childs birth, which is great. You too need comprehensive financial planning for your child’s education/ developmental needs.

Here is a 5 step guide for your child’s future planning.

  1. Set a target date
  2. Set a target amount in today’s term
  3. Find out the amount you need on target date
  4. Estimate the return which you can generate over your investments
  5. Calculate per month contribution

Buying a Dream Home

Owning a house has been a dream for almost all of us. But it is undoubtedly a big decision in anyone’s life. There are few monetary aspects that matter in taking the big decision. Ask yourself the following questions before going to purchase a house:

  • What is the future value of the dream home I want to buy?
  • Will I have enough savings to pay Loan EMIs?
  • What will be the total cost of buying a house?
  • Do I having adequate investments to make the down payment?

Can you afford to take the extra burden or would it seem more financially viable to stay in a rented house? Do analyze your monthly spending and establish your affordability.

Loan & Debt Management

Taking a loan is part of almost everyone’s life these days. It could be a car loan, home loan, business loan or a personal loan to fund a variety of personal needs.To maintain the current lifestyle or improve it, we may have considered or met loan disbursement companies at some point. Let’s be upfront – its sometime difficult to live a decent lifestyle today without meeting a loan disbursement company at some point in time.

Taking a loan also means having to pay it back – with interest. The interest could be ‘fixed’ rate or ‘floating’ rate. Whichever way it is, you need to pay it back normally as fixed monthly instalments or in lump sum, or usually a mix of both.

These re-payments eat into your regular ability to save, while also committing you to a certain lifestyle during the re-payment period. A good liability plan will go a long way in making this journey an easier one.

  • How can I become debt free?
  • Should I go for pre-payment of my loans?
  • What is the healthy debt to asset ratio? What is my ratio?
  • How can I avoid getting into a debt trap?
  • Am I paying a minimal interest on all the loans?

Changes in Employment / Starting a New Business

During the different stages in your life, you may come across times when certain situations have led to a dramatic change in your financial circumstances, sometimes for the better or sometimes for the worse. Ask yourself, the following questions.

  • What is the future value of corpus needed for my business?
  • Am I financially prepared to become an entrepreneur?
  • How will I run the family expenses during the start up period?
  • How do I manage my taxes during the job to business transition period?
  • How do I structure my salary tax efficiently in my new job?
  • How will I channelize increased income from new job/promotion?

Going to / Returning from a Job Abroad

We would be glad to help you in taking care of the following:

  • How will my investments and accounts be taken care of during my absence?
  • How will I transfer money between countries and between accounts?
  • How will I invest in India from abroad?
  • How will I file Income Tax returns during the transition period?
  • Do I need to give any power of attorney to manage my financials?

Budget & Cash Flow Planning

In simple terms, cash flow refers to the inflow and outflow of money. It is a record of your income and expenses.

Cash flow planning refers to the process of identifying the major expenditures in the future (both short-term and long-term) and making planned investments so that the required amount is accumulated within the required time frame.

Cash flow planning is the first thing that should be done prior to starting an investment exercise, because only then will you be in a position to know how your finances look like, and what is it that you can invest without causing a strain on yourself. It will also enable you to understand if a particular investment matches with your flow requirement.

Cash flow plan brings you face-to-face with what you should ideally be saving, and investing in a systematic and regular manner, and what would it mean to you to withdraw from your portfolio after a couple of years. It brings down in numbers what your financial future has in store for you, and gives a clear view (as much as possible with inflation and interest rate scenario).

We give concrete advice on how to manage money so money doesn’t manage you.