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Demonetisation 5 things to learn Investor

Demonetisation 5 things to learn Investor

key-takeaways-from-demonetisation

Demonetisation 5 things to learn Investor

Key Takeaways



Here are some key takeaways from demonetisation that should form the cornerstone of your financial strategy.
:- Invest your cash, don't hold too much of it
:- Give your kid pocket money, buy him a piggy bank
:- Don't wait for a crunch to spend wisely or budget
:- Don't change asset allocation in a panic
:- To handle your finances, keep pace with tech

invest-your-cash-don't-hold-too-much-of-it

Invest your cash, don't hold too much of it

Invest your cash, don't hold too much of it



The 3-6 months' worth of expenses at hand should ideally be invested in short-term debt funds, liquid funds or sweep-in savings accounts linked to fixed deposits. Remember, you are eroding the purchasing power of the cash lying idle. Go for cashless transactions and retain only a small amount of cash at home.

give-your-kid-pocket-money-buy-him-a-piggy-bank

Give your kid pocket money, buy him a Piggy Bank

Give your kid pocket money, buy him a Piggy Bank



Give your child a piggy bank and a regular supply of pocket money. The habits of regular saving, discrete spending, making their own purchases and focused saving for small goals will inculcate financial discipline in kids. They are not only likely to manage their finances better as adults but also handle crises with greater equanimity.

don't-wait-for-a-crunch-to-spend-wisely-or-budget

Don't wait for a Crunch to Spend Wisely or Budget

Don't wait for a Crunch to Spend Wisely or Budget



The mainstay of every financial plan is to save and spend according to a budget. The restricted cash inflow during the current crisis means that saving has become a priority, as does sticking to a tight budget. Have a healthy dose of discretionary expenses, but not before you have saved and invested.

don't-change-asset-allcation-in-a-panic

Don't change asset Allocation in a Panic

Don't change asset Allocation in a Panic



Panic is virtually a default reaction in times of financial crises or unexpected developments like demonetisation. While one should rebalance from time to time to retain the desired asset allocation, do not take erratic decisions and risk your investments by reacting to short-term aberrations.

to-handle-your-finances-keep-pace-with-tech

To handle your Finances, keep Pace with Tech

To handle your Finances, keep Pace with Tech



Even as people are rushing to download mobile wallets and register for Net banking and online transactions, the clear learning is that it is critical to keep track of the latest tech upgrades. Mobile banking, downloading apps for financial transactions, and learning about online fund transfer will not only increase your ease of transactions, but also cut down on time and help save money.