Do we need to wait for the New Year to make resolutions for a better financial being? I don’t think so. Any time is good time to get started with financial planning. That is why we have put down a list of some resolutions that you can take towards firming your financial profile.
A few years ago men in the house took charge of the investments; women used to have limited say about that. Times have changed now and women have entered the work force; they now indulge in financial decision-making as much as the men in the house do. It is hence imperative that both husband and wife collaboratively deal with the finances of the family.
Money management has been primarily a male-dominated activity. How many of you will second this statement?
Almost everybody, isn’t it?
It however has undergone a sea change especially since it witnesses active participation of many women today.
Nowadays women are inevitable when it comes to financial decision-making more so in households. The control that women exercise on managing finances for their families and the job they do while balancing the needs of their family while still ensuring some savings is par excellence. Having said this, most men still hold back major financial decisions regarding big-ticket purchases and investments.
The thought of moving cities evokes a mixed bag of emotions. The excitement to explore a new place while the attachment with the existing place, people, and the comfort level leave us wondering about the next steps. In the midst of handling so many emotions, ensuring the move is easy on the pocket and has minimum impact on finances can turn out to be a struggle. These tips will help you take control of the shifting expenses and will allow a stress-free transition. Believe me, planning your move is totally worth it.
While you get ready to prepare for filing your returns, a checklist needs to be prepared that will ensure that the filing of returns is done with utmost prudence.
You are responsible for filing your returns:
Paying tax is just not enough. Many individuals think that the tax is paid and so there is no liability for them to file the returns. For FY 2016-17 it is must for everyone to file the returns if the income exceeds 2.5 lakhs of basic slab for individuals and 3 lakhs in case of senior citizens.