Money Management and Financial Planning

Money Management and Financial Planning covers personal finance basics, setting goals, budgeting, debt management, emergency funds, investing, credit scores, and estate planning. Additionally, it dives into advanced budgeting, debt elimination, investment vehicles, tax planning, real estate, risk management, alternative investments, and early retirement.

3 Seasons

Season

Foundation of Financial Literacy

Foundations of financial literacy encompass budgeting, saving, investing, debt management, tax planning, and cultural considerations. These aspects are crucial for personal finance management and achieving long-term financial goals.

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E01: Money Mastery The Art of Budgeting and Saving

05 mins

Mastering finances involves understanding income, expenses, and budgeting essentials. Allocate income wisely: 50% for necessities, 30% for savings, 20% for discretionary spending. Adopt saving strategies like automatic transfers and goal setting. Explore investment options like mutual funds and fixed deposits, keeping risks and returns in mind.

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Bites

Your Rupee Roadmap Understanding Personal Finance Management 79 views

Expense Expedition Charting Your Financial Course 52 views

Season

Advanced Financial Strategies

Advanced Financial Strategies comprises of investment diversification, tax planning, budget optimisation, debt management, and emergency fund planning for holistic financial wellness.

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E01: Mastering Financial Alchemy Advanced Budgeting Strategies

03 mins

In the realm of advanced budgeting strategies, several techniques can transform financial challenges into opportunities. Zero-based Budgeting ensures precise allocation of income, leaving no rupee unaccounted for. The Envelope System simplifies spending by allocating funds to specific expenses. The 50:30:20 Rule balances needs, wants, and savings.

E02: From Wallet to Palate Decoding Eating Expenses

03 mins

India's culinary scene offers diverse dining experiences, each with distinct costs and advantages. Eating out spans fast-food chains (Rs.200-Rs.300 per person), casual dining (Rs.800-Rs.1,500 for two), to fine dining (Rs.3,000-Rs.5,000+ for two). Ordering food adds delivery charges (Rs.20-Rs.50) and taxes, making a Rs.800 meal total around Rs.1,000-Rs.1,100. Cooking at home incurs grocery costs (Rs.2,000-Rs.5,000 weekly for a family of four) and utilities. Despite expenses, home cooking offers control, health benefits, and familial bonding. Understanding these costs aids in making informed dining decisions aligned with budget and preferences.

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Bites

Rainy Day Fund for Fixes and Trips 110 views

First Aid for Finances Creating Your Medical Emergency Fund 55 views

Savings Spending and Success Decoding the 30 30 30 10 Method 70 views

From Debt to Prosperity the 70 20 10 Rule 51 views

Crack the Code of Financial Balance The 40 30 20 10 Formula 60 views

Budgeting Like a Pro The 50 30 20 Rule Made Simple 47 views

Striking the Perfect Balance Unlocking Power of 30 40 30 Rule 95 views

Season

Understanding the Union Budget 2024

The 2024 Union Budget, presented by the finance minister focuses on 9 key areas. These include agriculture, employment, urban development, and innovation. Major tax reforms were introduced, such as increasing the standard deduction to ₹75,000 and revising tax slabs. These could result in significant savings for salaried employees. A 12.5% tax will now be levied on long-term capital gains. Additionally, substantial investments were announced for housing under PM Awas Yojana, solar energy, and various state-specific projects. New schemes were introduced for minors' savings, higher education loans, and enhanced Mudra Loans. Moreover, the budget suggested a reduction in customs duties for mobile phones, gold, silver, and specific cancer drugs. The focus was also on tourism development, with significant allocations for road projects and state-specific development packages.

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E01: Summarising the Union Budget 2024 in 5 Minutes

04 mins

The 2024 Union Budget, presented by the finance minister, outlines India's economic strategy focusing on 'Viksit Bharat'. Under this, it focused on nine key areas, including agriculture, employment, and infrastructure. It revised tax slabs under the new regime, potentially saving salaried employees up to ₹17,500. The budget also addressed indirect taxes, reducing customs duty on various items and exempting certain cancer drugs. The TDS rate on e-commerce was reduced, and long-term capital gains tax was revised to 12.5%. It allocated substantial funds for housing by expanding the PM Awas Yojana. Moreover, it introduced a free solar electricity scheme under the PM Surya Ghar Muft Bijli Yojana. New initiatives like the NPS-Vatsalya scheme for minors and enhanced Mudra Loans under the ‘Tarun’ category were also highlighted. The finance minister also gave due importance to support the MSME sector, aid in developing tourism in Bihar and Odisha, and bolster youth education. Major investments were also announced in state-specific development projects, particularly for flood-prone regions. These included Bihar, Assam, Himachal Pradesh, Uttarakhand, and Andhra Pradesh. The budget also addresses capital gains taxes, customs duties, and introduces new schemes for youth employment and skilling. With its multifaceted approach, the budget aims to boost economic growth, enhance social welfare, and promote inclusive development across various sectors.

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Bites

7 Highlights of the Union Budget You Might Have Missed 2 views

8 Highlights of the Union Budget 2024 47 views

Seasons

All

Kick off your financial journey by outlining clear objectives. Craft a budget that aligns with your goals and cultivate healthy spending habits tailored to your lifestyle.

Prioritise high-interest debt, like credit cards, and consider consolidation or negotiation with lenders to ease the burden and pay off debt faster.

An emergency fund helps cover unexpected expenses, like medical bills or job loss, ensuring financial stability and peace of mind during crises.

Explore options like mutual funds, Public Provident Fund (PPF), or National Pension Scheme (NPS) for tax benefits and steady returns. Make sure you align your investments to your risk tolerance.

Maximise investments in tax-saving instruments, diversify your portfolio with equity, and consider real estate or SIPs for long-term wealth accumulation towards early retirement.

Bajaj Finserv Direct Limited ("Bajaj Markets") offers to its customers, various financial products and services through its digital platform as a registered Corporate Agent with IRDAI, registered Investment Adviser with SEBI, registered Third-Party App Provider (UPI payments), and as DSA or Digital lending platform of its Partners. Further, Bajaj Markets also offers a marketplace e-commerce platform to facilitate transactions between customers and sellers on-boarded on the platform. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522 Corporate Agency (Composite) Registration no.CA0551 (valid till 10-Apr-2027) Investment Adviser, SEBI registration: INA000016083 (Validity - Aug 11, 2021 - Perpetual)