Archive | July, 2009

Where Does the Money Go?

Posted on 13 July 2009 by Vikram

VisualEconomics.com has put up this great visualization on the breakup of expenditure by people in USA:

Where does your money go?

How does your expenditure breakup look like?

Comments (0)

Personal Finance books or websites for India?

Posted on 07 July 2009 by Vikram

In a discussion over at Swaroop’s blog, Prasanna posed [this interesting question](http://www.swaroopch.com/blog/ideal-personal-finance-life/comment-page-1/#IDComment26440536):

> You know what is frustrating? Most of the personal finance resources available online do not really help people in India as they all are euro centric. And those that focus on India are so jargon filled that people like me who want to know more but can’t understand financial terms etc are totally turned off. Is there a, iwillteachyouhowtoberich kinda Indian website/blog?

Very apt question indeed. Unfortunately, we don’t know of any such website or blog either.

So our question to you is whether you know of any such regular-posts blog or even books.

_If not, is anybody out there interesting in building such a website?_

Comments (8)

What do you wish you had saved for?

Posted on 01 July 2009 by Vikram

Ramit just sent out an email newsletter follow-up to his [recent survey](http://www.iwillteachyoutoberich.com/blog/looking-for-people-in-your-20s-30s-and-40s-what-do-you-wish-youd-saved-for/) asking people in their 20s, 30s and 40s an important question: _”What do you wish you’d saved for?”_

The results of the survey are very insightful. *It lists out the innate desires of most people in these age groups, even if you still deny it.*

Since Ramit hasn’t written about the survey results yet in his blog, I won’t mention more about it yet. However, one thing that really resonated with me was the 10 year savings plan:

Savings wishes in 20s, 30s, and 40s (Page 19)

This was one of the reasons why we have had “Goals” as an important feature in TrackEveryCoin right from the beginning. It is not only about saving money, but _why_ do you want to save money.

At the same time, having real well-defined goals translates to motivation for you to actually save the money.
When TrackEveryCoin is out, we will showcase how the goals feature we have in mind can help with your 10 year savings plan.

__Update 1__ : Coincidentally, Sherin has written has a nice article today about the [5 financial life categories to think of when planning your financial goals](http://www.investinternals.com/2009/06/5-financial-life-categories.html): Assets, Liabilities, Personal Risk, planning on Kids future and education and finally plan for your Retirement. [Check it out at investinternals.com](http://www.investinternals.com/2009/06/5-financial-life-categories.html).

__Update 2__: [Ramit’s blog post](http://www.iwillteachyoutoberich.com/blog/already-handled-basics-save-money-get-ahead/) on this topic is up! [Check out the amazing results](http://www.scribd.com/doc/16975724/Savings-Wishes-in-20s-30s-And-40s) of the survey.

Savings Wishes in 20s, 30s, And 40s

Comments (0)

    follow us on Twitter