If someone asks you the question what’s your savings rate do you have an answer? What if someone asked you what your fixed monthly expenses are? OR if someone asked you what your net worth is? A simple rule we learnt in management is you can’t manage what you don’t measure. The same rule applies to our finances as well. So what to do you start measuring and how do you go about it?
Continue readingMonth: May 2019

Money education – Part 4 Assets vs Liabilities
So what’s this talk of Assets and Liabilities you say? Are we going to get into a commerce class and discuss where each of these items go in your P&L (profit and loss)? Well not really. We will paraphrase and use some simplified versions of Assets and Liabilities for us to be able to better manage our finances.
Continue readingThe mindset to reduce expenses
We spend the money from slaving at a job on the most ridiculous of trinkets. Things that well probably get bored from over the next few months. This is exactly when need an intervention. A big one at that. We need to teach our brains the skills needed to manage money.
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Money Education Part 3 Interest? Whats that?
So now that you’ve internalised savings, lets get to the next step. Youv cut your expenses down, and you increased your savings and they are slowly adding up. You look at your account balance every other day in your savings account. Twice a year or maybe once a year your bank pays you an Interest in your account for the
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Money Education – Part 2 (increase savings,reduce expenses)
So now that weve internalised the lesson that we need to make our expenses smaller than our income lets look at the next concept. Whats the imapct of incerasing savings v/s reducing expenses. When income is greater than expenses we can use this equation Income(I) – Expenses (E) = Savings (S) Now we are in a whole new universe here.
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Money Education – Part 1 (Income and expenses)
So today were going to touch the basics that we needed to understand about money. Kind of like the rules of the game. Its always easier to play when you know the rules understand the rules and internalise the rules. The last bit of internalising the rules is kind of the missing link in today’s society.
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Start Here- Financial Independece in India
Poixe is a word used to reference money in my mother tongue of Konkani. Being from Goa ( We live here) we wanted something that would connect us to our roots. And this blog’s going to be about that. Goa our roots and money.
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