Good Money Habits | My Healthy Money Habits in Tamil | How to be Good With Money

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This video is about my healthy money habits in Tamil. We will learn about how to be good with money. These good money habits will give you an idea how to save and invest money.
My good money habit is creating and sticking to a budget. A budget helped me track my income and expenses, allowing me to see where my money is going and make informed decisions about my spending.
Here are my experience:
1. Track your income: Begin by determining your total income from all sources. Include your salary, freelance work, rental income, or any other money you receive.
2. List your expenses: Make a comprehensive list of all your expenses. Categorize them into fixed expenses (rent/mortgage, utilities, insurance) and variable expenses (groceries, entertainment, dining out).
3. Set financial goals: Identify your short-term and long-term financial goals. This could include saving for emergencies, paying off debt, saving for a vacation, or investing for retirement.
4. Allocate your income: Assign specific amounts to each expense category based on your priorities and financial goals. Be sure to allocate a portion of your income to savings or investments.
5. Track your spending: Regularly track your expenses to ensure you're staying within your budget. This can be done manually by keeping receipts and recording expenses or by using budgeting apps or software.
6. Review and adjust: Periodically review your budget to see if any adjustments are necessary. If you consistently overspend in a particular category, consider reducing that allocation or finding ways to cut back.
7. Automate savings: Set up automatic transfers from your checking account to a separate savings or investment account. This helps you save consistently without the temptation to spend the money elsewhere.
8. Avoid unnecessary debt: Use credit cards responsibly and avoid carrying high-interest debt. Pay your credit card bills in full each month to avoid interest charges whenever possible.
9. Research before making big purchases: Before making significant purchases, take the time to research prices, compare options, and read reviews. This can help you make informed decisions and avoid overspending.
10. Regularly review your financial goals: Keep your financial goals in mind and regularly assess your progress. Celebrate milestones and make adjustments as needed to stay on track.
Remember, developing good money habits takes time and discipline. By creating a budget, tracking your spending, and being mindful of your financial goals, you can develop a healthy relationship with money and work towards achieving financial stability and success.

[@tkkishor4723]

Thank you for sharing... It's useful!

[@FaHa143]

Unique a iruku ur tips and editing ❤🎉

[@SemippuAvasiyam]

Thank you

[@selvamuthukumaran407]

Hi sis. one dhout. Home loana under 80c la kaata mudiyuma.please reply

[@SemippuAvasiyam]

Yes if you are filling your taxes in old tax regime. If you use new tax regime, you can't claim any other deductions other than standard deduction. It is better to consult an auditor as they will guide you better.

[@sathyanatraj622]

All ur videos r neat and clear, super sis

[@SemippuAvasiyam]

Thank you sister

[@GSASIKALA-gd2zg]

What u have followed is very good method. Useful video sister. Really good content 👌

[@SemippuAvasiyam]

Thanks for the comments

[@selvamuthukumaran407]

All videos are unique sis. ❤❤❤

[@SemippuAvasiyam]

Thanks 🙏