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Learn These Financial Lessons From Your Father


 
Behind every great daughter, there is a truly amazing dad. Fathers wear many hats such as therapist, mentor, provider, chauffeur and teacher. Keeping this in mind, here are five lessons that fathers impart to children that can help them in money matters.
 
Budget Your Basic Needs
Budget in a way that 50 per cent of your earning should be used in fulfilling your basic needs such as fuel, food, fixed bills (electricity), house help salaries, etc. Do reverse calculations to know your basic expenses double the amount and set it as your basic earning target. For instance, your basic monthly expenditure is Rs 30K, aim to earn Rs 60K per month from your job or business. ....

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