Frosty the Snowman, was a jolly happy soul,
With a corn cob pipe and a button nose, and two eyes made of coal.
Frosty the Snowman, is a fairytale, they say.
He was made of snow, but the children know he came to life one day….
It’s the merriest time of the year! Also the time of the year that usually dents our pockets :). The month that has the most holidays, the most revelries, and a month of shenanigans.
WHAT IS THAT ONE THING THAT YOU COULD HAVE DONE BETTER IN THE YEAR – The answer usually always is ‘ wish I was better equipped for December ‘
At this time of the year , you somehow realise and wish you had saved that little more, that could offer you a few more drinks, an outing or two more and liberate you ( Good wines don’t come cheap 🙂 )
What I’ve figured is that the huge expenses of December could easily be met by small savings through the year! A saving of Rs 2-3k via systematic investment could easily lead to an amount of Rs 20-30k , and keep in mind the fact, that this investment doesn’t have to be RISKY!
A saving of Rs 2,000 in a liquid fund starting January leads to a an amount of ~ Rs 25,000 and a saving of Rs Rs 3,000 leads to an amount of Rs ~ 36,000 annually. ( Rs 2,000 / Rs 3,000 are standard weekend expenditures)
The expenses typical of December are :
- New years eve
- Christmas eve / Christmas Brunch
- Parties ( Start 15th December onwards)
- Holidays ( They’re suddenly more than you can handle )
- Happiness ( Happy Hours )
- Cheer ( Gifts )
Coming back to the point of savings ( Yes , December can be very distracting ).. a liquid fund and a systematic investment in the same , can save you direct pocket damages from the bank / credit card/ hand loans at one go. They could be easily purchased from a Mutual Fund company with the help of someone who could advise you on the same.
They can be typically liquidated in a 24 hours time and save you the trauma of you are going to deal with January and those credit card bills !
I’m going to wind up at this, Spread the love and the cheer and remember ‘ Talk about Money ‘
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