Our moms or grandmoms always used an old-school financial planning tool – the envelope!
They had envelopes for vacation savings, groceries, birthdays, etc. This approach helped them visualize where their money was going. In addition, it was used for budgeting.
The hashtag#100envelopechallenge concept is currently trending on TikTok and elsewhere. The platform encourages young users to save and manage their money, but it’s not appropriate for everyone.
The trend that one should hop on is to start putting money into investments and insurance like a monthly envelope.
Accumulating a significant corpus to invest takes time and effort.
Our Finior team always suggests starting with what you have as soon as you can!
Very much like your mom’s envelope technique, investing requires discipline, is stored away on a designated date, and can be done in small amounts.
We understand that starting out with managing your finances might seem daunting – hence we are here to guide and educate you on money management.
With a team of experienced professionals, we can handle both large and small investments with ease.
You can rely on us to provide you with customized solutions based on your financial goals.
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