What is financially right for one person need not be financially right for another person — that’s the beauty of personal finance. You shouldn’t invest in stocks just because your colleague sitting next to you executes trades all day long and brags about it. You shouldn’t buy a ULIP (Unit Linked Insurance Policy) for income-tax savings just because everyone else around you seems to be doing so. Do what is financially right for you. Keep this in mind and you’ll be financially healthy.
Tip Tuesdays is my initiative to share practical personal finance tips — every Tuesday. I’d be delighted if you could share a tip or two from your own experiences. Drop a comment to submit your tip. And, as always, do spread the word if you find this useful.
Further reading:
- Tip Tuesdays: Always Check for Service Tax Charges and Ask If You Don’t See It
- Tip Tuesdays: The Cycle of Personal Finance
- Tip Tuesdays: File Your Income Tax Returns on Your Own this Year
- Tip Tuesdays: How to Find the Ward and Circle Number for Filing Your Income Tax Returns?
- Tip Tuesdays: Personal Finance is a Lifelong Journey
{ 1 comment… read it below or add one }
Choosing the right option with right insight is always advisable….
Keep the blogs flowing.
Girish