Share

If you’re between college- and first promotion-age, a home or retirement matter little to you. We get it – the angst of always looking #instaworthy. But not knowing how to go about it without breaking the bank or starving, can be quite the bummer.

A little smart investment can help you ace millennial game – albeit within reason!

SHINY NEW GADGET

Intelligent watches, speakers that respond, artist-friendly smartphones – once you’re lured into the gadget world, there’s no turning back. Typically, a gadget update costs about 30% more than its predecessor. If you your old version hasn’t broken down, earn some exchange rebate as well.

I’M MOVING MY CHEESE

Sigh. That old wanderlust’s instinct for change just can’t be sated, can it? So you’ll book flights and hotels three months in advance, midweek and slap on all the discount coupons. But safety and comfort come at a premium. Budget that in and have a happy holiday: Don’t scrimp on them – do buy insurance when booking your tickets and make sure you don’t stay at some shady Airbnb just to save on stay costs
As for paying for these seeming extras is concerned, trust us, a short term investment can result in sweet forever memories.

WEDDING BELLS, THEY ARE A-RINGING

Amidst all the excitement of retinues, menus and venues, the financing part of one’s wedding is often a last-minute jugaad. The previous generation turns to their Public Provident Funds for this one. Ours borrows loans. Some others even wait for their long term mutual funds to reach a stage of happy returns.
But love shouldn’t have to wait so long. Nor should the heart’s desire to soar. And digital or analogue – if you can’t ‘tech’ it easy, it would be such a kill-joy.
Loans come at a high repayment cost. Stressing about money at one’s wedding is fun – said no one ever. Archaic old PPF has an upper limit on withdrawals, unless you’re shutting the account for good (sounds a lot like dad’s 9 pm curfew, doesn’t it?).

Long-term mutual funds have been known to yield high returns – but life is short and YOLO! They already sound like the slightly awesomer. But still-awhile distant cousin of PPF uncle with the time they take long to yield returns.

Short term mutual fund is a feasible option if you have low appetite for risk, since the investment is higher in debt than equity. They give mid-ranged returns of up to 9.6%.

These small wins are easy with short-term investment options. The risk is low, the gratification almost instant. Plan for them in the medium term (3 months to a year), and with moderate returns you can enjoy your ritual of retreat often enough!

other blogs

Smart Lifestyle Smart Money March 29, 2023

Buying Vs. Renting Home

A young couple named Rahul and Simran had just gotten married. They were excited to start their new life together and were faced with the big decision of whether to buy or rent a house. Rahul believed in owning a home, while Simran preferred renting. They both had valid points, making it challenging to reach […]

By Team LXME
Share
Smart Career Smart Lifestyle Smart Money March 23, 2023

5 flexible ways for students to make money

Being a student, growing into a young adult can be a hard transformation. Learning about responsibilities and how to take care of yourself is not a piece of cake. It is a tough and lengthy process. However, having money and becoming self-sufficient can ease this whole process. It can help you pay for expenses like […]

By Team LXME
Share
Smart Lifestyle Smart Money March 22, 2023

Health Insurance for Women

Do you know, what is the rate of medical inflation in India?🤔 Currently, As per various reports online, the medical inflation is more than 10%😵‍💫😵‍💫 So, do you believe that someone will be able to pay for medical expenses if a medical emergency occurs? They may, however, by utilizing their investments, savings, and other resources. […]

By Team LXME
Share