small is BIG

Tankrich as an idea has been growing in mind aspiring to come up ever since I stopped spamming people’s inbox’s with stock ideas :D One of the shortcomings I felt growing as a teenager was that there was so less of “Financial Literacy’ in our curriculum. Even to date a lot of us are horrible planners and managers of our finances(Includes your truly - On course to change). Even though some of us manage large teams ,big clients and big businesses. Then why does managing personal finances becomes so challenging - I don’t have a clear answer but perhaps having never learned it formally and sometimes not guided by parents ( out of love of course) we tend to mess up this space. (Most of the times we are plain lazy) So how we get around it ? - START SMALL Do the small things right, as small changes have big impact. It could be as rudimentary as

• Planning to buy your household purchases on first day of credit card cycle to enjoy maximum credit period

• Setting Bill reminders (like birthday reminders) on your phones and pads to never miss a bill’s due date

• Pre booking flights to avoid last minute “hawk” charges by Airlines

• Checking at retail counter every time you buy if there X% discount on a particular card

• Not forgetting to take your loyalty card before you shop

• Starting a small SIP ( Systematic Investment plan) early in your life to accumulate wealth

• Earning miles when you fly - Even on official trips :D

Above all seem obvious (Common sense) but how many of us actually do it. Can we start making small changes - Oh !! yes we can. My endeavor is write two columns every month ( Starting small :D ) on how we can do a lot of small things in better way that makes a big impact. Post ideas in comment section - We can expand them in later posts Read of the Fortnight Amazing Entrepreneurial Stories Stay Fit Stay Tankrich