Our parents, grand parents, and all of our seniors have always advised to “Know your priorities well!”. In all our growing years, each one of us has heard this while growing up. However, priorities may ping your door anytime, at any age!
Let’s explain this by a simpler example that a CA or a doctor can easily afford a holiday to the next tourist spot, but a struggling musician may not. He/she has to work harder to achieve the goal. Henceforth, he/she can further pursue their passion. Savepro makes sure that you meet your financial requirements and you can do future investments easily. #1. If travelling around the world is your calling a) Exotic trip to abroad: Most of us are impulsive travellers, aren’t we? Now that you have become a regular traveller lately, and savings become a little difficult to handle every single time! Hence, you can create an Indulgence Fund which will gain from a monthly SIP from your salary. b) All of you would agree to this that our parents wish to go on a pilgrimage. It can be Mecca or Kashi; you can now easily create a small Pilgrimage fund and gift it to your parents wherein you put 3% of your savings into Debt Mutual Funds. #2. Pre-paying your home loan Emergencies can happen at any unspecified time, to fulfil that you may require a large sum of money and each one of us rely upon loans to purchase things like home or car. Start saving all your money into a Loan Repayment Fund that invests in Equity Mutual Funds. #3. Children's education Every parent wishes to give their child the best education they can provide. This required well-advanced planning. The ideal way to go about this is to create an Education Fund and invest in Equity Mutual Funds. You are then looking at 14-15% returns in less than 10 years' time. Start saving at an early age, so that you can fetch the gains early. You are your own life-saver! For any queries, you may contact us at (+91) 9810634314 or Email us at [email protected] Also Read: Which Option Is Better Mutual Fund/Fixed Deposits ?
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