![]() ![]() If you have a pet at home, you must make a budgetary provision for their health, just as you do for yourself and transfer this amount to that separate savings account. Like humans, animals are also vulnerable to falling ill. These include discounts on booking flight tickets, hotel accommodation, etc., that you can avail of and save money. The IDFC FIRST Bank debit card comes with various travel-related offers from time to time. Transfer this money to that separate savings account and use it whenever needed. Instead of disturbing your entire monthly budget calendar, make a provision for this. You may be required to travel at short notice, and it can be quite expensive if you have to take a flight at the last moment. If you don't feel like going out, order food through a food delivery app and still enjoy a discount. Make a provision for this in your regular budget, and remember to transfer this money to that separate savings account. The IDFC FIRST Bank Debit Card comes with various dining and food delivery offers, and you also get up to 20% dining discount at various restaurants.So, welcome your unexpected guests and enjoy your favourite cuisine with them at the best restaurants at a lip-smacking discount. Don't worry about your monthly budget getting affected. Guests could turn up at your house when you least expect them, and you may need to take them out for dinner or sightseeing. So, go ahead and flash your IDFC FIRST Bank debit card to avail of these offers. IDFC FIRST Bank comes up with discount offers from various online and offline fashion merchants from time to time. To manage this situation, you may set aside some money for this purpose.Īlso, you can shop during a sale to save money. However, these big-ticket expenses can impact your regular monthly budget. To achieve this, you will need to buy fashionable clothes and personal accessories. You will want to look your best during festivals, corporate parties, family weddings, and other occasions. ![]() As and when the money is used from this account, you should replenish it. Transfer the money set aside for this to a separate savings account. So, set aside some money for these unexpected expenses.Īs with the emergency fund, you should set aside some money for house upkeep in your budget planner. You cannot predict which appliance will stop working when and the amount required to get it working again. Your house and household appliances need regular servicing and may require periodic repairs. Zero fee banking on 25 commonly used banking services The account provides industry-leading features, such as: You can transfer your emergency fund money to an IDFC FIRST Bank Savings Account. It should be kept in a separate savings account and used only when any of the above-discussed situations arise. The emergency fund should be able to take care of regular expenses, EMIs, insurance premiums, investments towards financial goals, etc. What if an individual is self-employed and has uneven monthly cash flows? What if an individual works in an airline or hospitality company where salary delays or pay cuts sometimes happens? In such a scenario, an individual should ideally have an emergency fund equivalent to 9-12 months' income/salary. In such a scenario, an individual can have an emergency fund equivalent to 3-6 months' salary. If you are salaried, it also depends on whether your company is doing well financially and whether the industry you work in is flourishing.įor example, assume that an individual is salaried and working in a company that is doing well financially. The size of the emergency fund depends on whether you are salaried or self-employed. Some of these include:ĭuring any of the above circumstances, one can rely on an emergency fund to get through the short-term emergency. 1) Emergency fundĪn emergency fund is required for meeting expenses during unplanned or unexpected circumstances. This article will list six such expenses and how to prepare for them. ![]() However, many of us tend to ignore certain not-so-important yet money-sucking expenses. Of course, we all mandatorily plan for certain fixed expenses in our monthly budget – such as groceries, utility bill payments, children's education, rent, office commute, planned vacation, etc. A monthly budget lets you allocate income towards expenses in a planned manner so that you don't face any nasty surprises or shocks towards the end of the month. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |