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Time is “still” your biggest ally
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Yes. You read that right! You still have time. Start to save in right earnest if
you haven’t already. Because now you have a family to care off. Einstein said,
compound interest is “the greatest mathematical discovery of all time”.
Take advantage of it! Have a look at the
Kal Se calculator to understand the impact delayed savings could have on
your long term wealth. See for yourself the value of starting early.
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Responsibilities have increased
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With marriage and kids, it's no longer just about you. You've now also got to plan
for that big family vacation, that house, and may be that bigger car!
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Expenses are rising
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With a family and kids, expenses will only head one way. Up! Use the Expenses & Savings Tracker
to keep a tab on your expenses. Know where your money is going.
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But your income is rising too
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Between the ages of 30 and 40 it’s quite likely that your income is increasing
at a healthy rate, especially in a booming economy like India. Even if expenses
are rising, you are likely to save much more than before.
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Have you planned for this extra money?
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