6 Financial Planning Tips For The World From India
BANGALORE: India is a country with rich culture and traditions. We give more importance to family values and future. Thus, from centuries we have been following some traditional financial rules unlike the western countries. We have been taught to spend only on necessities and save the rest for a secured future. According to Yahoo finance, India is one of the best examples for financial management for some of the western countries. Let’s take a look at 6 things which India can teach the rest of the world in financial management.
Financial prudence
Being cautious about where you are spending is one of the major things people have to take care of. Prudence is the basic of personal finance. People in the west have the habit of spending a lot more than what they can really afford whereas in India we plan our income. This results in better money as well as debt managements.
