Perfect Plan

These basic financial tips and tricks will improve your personal balance sheet.

- Mukul Kashyap

The end of a year is the best time to evaluate your finances and prepare a new financial plan for the coming one. The best financial advice is time tested and involves saving money, investing right and tracking expenses.

With agents selling credit cards, banks selling insurance policies and that friend who made a fortune in crypto currency, it is very easy to get caught in analysis paralysis with regards to making financial decisions. But, these basic principles will greatly improve your balance sheet and help you make better financial decisions.

Keep the credit card in check

That shiny plastic engraved with your name can easily become your greatest nightmare. The first rule of credit cards is to have just one. Try and pay off your expenses in cash and limit credit card bills to essential purchases like fuel, mobile bills and other recurring expenses. It is wise to leave the credit card at home if you are going on a random shopping spree. Use it only for planned expenses.