The other day I went to withdraw some money from my neighbourhood ATM. I took my 2 year old son along. Since in India ATMs are housed in nice Air-conditioned secured room, I left my son in the room without paying attention to his activities. I got into withdrawing money. After I had entered PIN and it was about to disburse me money, I realised that the machine had shut down. When I looked around I realised that it was my son who had switched off the power to ATM and soon he had switched it on. I was worried if my account could have been updated with the transaction but I had not received the money.Bank should take into account this risk as well and place switches accordingly.
Sunday, 20 December 2009
I strongly believe that each new year one should have money resolutions separately for oneself. Here are my "Money Resolution" for the coming year 2010.
- Keep track of every investment regularly and count & consolidate every month’s investment. So That you know how much money is invested every month and consequently for the whole year.
- Every 6 months look how investments are doing, redo them if required.
- Start Tax Saving investments early in the financial year.
- Every month invest surplus money somewhere, be it even the Liquid funds. But let your money earn at least something for you.
- Don’t ever dither on any financial decision. Make it then and there but not without thinking.
- Keep yourself up-to-date with personal finance knowledge.
- Be little bold in investing for your long-term money.
- Maintain proper balance in your portfolio by investing in all kinds of assets.
- Keep booking profits if profit goes beyond your expectations.