Wedding is the most expensive affair India, and it is something that everyone has to spend on, in their lives. On wedding you don’t come to know how money flies, one finds it difficult to keep a track of money during this festive moment. Speaking of wedding, how we can miss gold, in every Indian wedding making gold ornaments is a must! But as we know the increase in inflation rate has raised the standard of living and in return the weddings have become all the more expensive. Hence, an effective financial planning like mutual funds schemes are required whether you are planning your own or your child’s marriage.
When you are doing financial planning there are few points you should keep in mind. First thing is to identify is when the marriage is taking place, in other words, how much time do you have in hand and accordingly your spending will be decided. Similarly, this way, there are several steps involved in planning an effective financial structure (click on the link below, to know them in detail). The early you plan, the more effective your plan will be.
Coming back to gold the most important thing in a wedding according to Indian customs, hear from Rajesh and Mithali, a married couple is talking about their upcoming daughter’s marriage, the role that gold plays and tips of how to come up with a good financial plan. According to them, discipline is the key, to carry on with your financial goal irrespective of ups and downs.
In India, parents are suppose to spend on their child’s wedding, however, to avoid any on the spot financial crises and to live your dream, saving for your own wedding is the best thing you can do. Read the case study of Sanjay Shah, a bachelor who manages to save a lump sum of money for his wedding.
There is much more you can learn this Valentine about money and saving up for your love. Just read the article: http://bit.ly/xA6C3q
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