Accounting - Blog - eFinancialConnect2024-03-29T10:26:50Zhttps://efinancialconnect.com/blog/feed/category/AccountingHow to control your house expenses and make moneyhttps://efinancialconnect.com/blog/how-to-control-your-house-expenses-and-make-money2014-06-21T07:16:17.000Z2014-06-21T07:16:17.000ZDhawal Davehttps://efinancialconnect.com/members/DhawalDave198<div><p><span>Categorized your expenses in 3 categories: Need, Wants and Luxury. </span><br/><br/><span>For example, grocery is need, seeing movie is want and seeing movie in multiplex on recliner chair is luxury.</span><br/><br/><span>In today's scenario, 50% of expenses are on luxurious items. If you cut it down by even 10%, major money can be saved and invested into various investment options, which can give you yield of 14-15%.</span><br/><br/><span>Just for an example: if you save INR 5000 monthly, and invest it in any instrument giving 14-15% return, compounding effect of 5 years will be total savings of INR 4,36,000 !!!</span><br/><br/><span>You can email us on info@sunflowerbroking.com to get personalized financial planning advisory.</span></p></div>