7-Step Financial Glow-Up ✨
Hiiiiii
I hope you’re doing khoob saara staring at your wife/ partner/dog/anyone/nothingness kinda activities just ‘cause why the heck not? Since we’re about halfway through January, tell me what you realistically want to do this year…
What I was up to: My week has been great because I took a much-need break from work (FINALLY) for a nice, dreamy, snowy getaway with my 8 girl friends cause sometimes that’s all you need, hai nah? We went to St Anton, Austria and it was unexplainably surreal! I went skiing and snow shoe hiking, loved every bit of it!
In other news, Season 4 of our podcast, Happy Hour with FinCocktail, is out and it’s a thought-provoking episode where I interacted with Niranjan Hiranandani, a visionary Indian real estate tycoon, renowned for revolutionizing urban landscapes and setting benchmarks in the housing industry.
We discussed the evolving trends in urban development and how infrastructure is transforming the city into a global hub. Many on Instagram perceived it to be a slightly controversial one because a part of the podcast was about the glorious buy vs rent debate! Check it out and drop comments with your take!
We are now registered mutual fund distributors!! If you would like to check it out, you can fill out this form and our team will get in touch with you soon :)
Market ka haal: Indian equity indices closed higher for the third straight day on Thursday! 🚀 Sensex gained 318.74 points (0.42%) to 77,042.82, and Nifty added 98.60 points (0.42%) to 23,311.80. Positive investor sentiment was fueled by lower-than-expected US CPI numbers, raising hopes for a rate cut from the US Fed sooner than expected. 💡📉 Strong earnings from US financials kept the momentum going, but Trump's trade policies sparked fears of a global trade war. 😬
On the brighter side, the Israel-Hamas ceasefire and a reduced trade deficit gave the market a boost. ✌️ But weak economic growth data from the UK did throw a little cold water on the rally. 🇬🇧
Valuations are climbing, but bargain buyers have been active, especially in the broader market. The near-term sentiment? Expect some volatility. 🎢
Humara Gyaan: Halfway through January, I can already sense that many resolutions to handle finances well are teetering or forgotten altogether. So #SayaliKiRai is here for the save! Give your finances a solid boost using this seven-day roadmap to financial clarity and control. Lessssgooooo💪
Day 1: The Brutal Truth Audit 🧾
Face the facts. Pull out your last three months’ financial records including bank statements, credit card bills, and investment summaries. Find out where your money actually went. Figure out how you can cut back on unnecessary spending like unused subscriptions, impulse purchases, and hidden fees. Make a list of expenses you can cut or optimize. This is your wake-up call for a better Feb ‘25!
Day 2: Figure Your Expenses vs. Priority🎯
Now that you’ve seen the truth, rank your expenses from essential to frivolous. Compare them to your top financial goals (paying off debt, more dividend income, etc.). Ask yourself: Does my spending reflect my priorities? Reallocate cash flow to match your long-term aspirations. Start and automate a fresh transfer towards an SIP or PPF for a specific goal you have for this year.
Day 3: Optimize Your Credit Card 💳
This is te time for a credit score reality check. Pull your latest credit report to check for inaccuracies or outdated entries and dispute them. If you have credit card debt, please tackle high-interest balances first. Look into balance transfer options or EMI-freezing plans if interest is choking your cash flow and you cannot payback in full right now.
Day 4: Revisit Your Investment Portfolio 📈
Is your portfolio working as hard as you are (without staring at your wife, of course)? Review your allocations to balance them against current market trends and your risk appetite. Boost SIPs if you can, or trim speculative holdings. Make at least one proactive move today.
Day 5: Evaluate Your Tax Efficiency 🧮
Don’t leave tax savings on the table! Max out your 80C, 80D, and other deduction buckets. Maximize contributions where you haven’t hit limits—think PPF, NPS, or ELSS. If you freelance, explore additional deductions like home office expenses. Every rupee saved is a rupee earned.
Day 6: Check on Insurance Coverage 🛡️
Review your health, life, and asset(s) insurance. If they do not match your family’s needs and inflation-adjusted expenses think about how you can increase them by February. Also, cut any policies that don’t serve a purpose. (I just did this with an old corporate insurance that I upgraded years ago)
Day 7: Upgrade Your Financial Systems ⚙️
Future-proof your finances by segregating your SB accounts into separate ones for consolidating income and savings, for purchases, investments, and other expenses, or any other combination that works for you before cultivating a habit of regular income-expense tracking. Automate your credit card payments. Research, try, and start using the tools/ apps that work for expense tracking and goal monitoring.
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If you follow this, in seven days, you’ll have done more than many achieve in months. The key is action, not perfection. Start now, stay consistent, and watch your financial health transform. Ready? Let’s go!
Here’s to getting back on track🍻
Sayali ❤️
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