Axis Money IQ Knowledge Nugget - 194

Making your very own personal budget?

There may have been instances in your life where could have impulsively purchased the latest phone, or gone on a trip you could ill afford. What if you could make all these decisions without having to tolerate the condescending lectures from your upright and uptight guilty conscience?

?Building your very own personal budget can make this possible. A personal budget is simply tracking your income and expenses to help you plan for your future.

Why is making a personal budget important?

A personal budget can be the tool to help you check your expenses, understand your goals, and help you achieve those goals with careful financial planning. Unless you have an unlimited source of money, (in which case - please send us the coordinates, bestie) you need to match your income and expenses.

? Even if you have not yet sorted out life goals (aka boring adulting things) such as buying a home, or car, or retirement planning, you’ll be better placed if your expenses are lower than your income.?

Making your own personal budget

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Statutory Details:?Axis Mutual Fund has been established as a Trust under the Indian Trust Act 1882, sponsored by Axis Bank Ltd. (liability restricted to ?1 Lakh).?Trustee:?Axis Mutual Fund Trustee Ltd.?Investment Manager:?Axis Asset Management Co. Ltd. (the AMC)?Risk Factors:?Axis Bank Ltd. Is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.

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