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Get Healthy and Wealthy on this New Year.

Resolution 1 : 

GETTING HEALTHY :

Majority of the New Year’s resolutions revolve around leading a healthier lifestyle. Such resolutions include :

  • More exercise
  • Eating healthier
  • Spending more time on personal well-being
  • Quit smoking/alcohol

What This Costs?

  • You can get a burger for as little as Rs. 25. But the price of a salad starts from Rs. 100
  • A Gym membership could set you back by over Rs. 10,000 a year. Doing nothing is cheaper.
  • The price of sugar is around Rs. 60/kg whereas the price of SugarFree is Rs. 300 for just 100 grams.

Resolution 2 :

FULFIL A DREAM(S) 

Many chalk out a resolution relating to goals and dreams. You too may plan to :

  • Go for your dream vacation
  • Set up your own startup
  • Buy your own car
  • Shift into your own house

What This Costs?

  • A house cost could range from Rs. 25 Lakh to Rs. 5 Crore whether you opt for a loan or not.
  • You could zoom around in your own car that costs Rs. 5 Lakh and Rs. 15 Lakh
  • An exotic vacation could cost you Rs. 50,000 to Rs. 2 Lakh
  • setting up a firm would require an investment of Rs. 1 Lakh at least

Resolution 3 :

SPEND LESS, SAVE MORE

This is probably one of the most common – and best – resolutions to make. But they’re equally hard. You may pledge to :

What This Costs?

  • Saving may only cost you when inflation eats into your money. Instead, you can invest as little as Rs. 500 per month for each goal through a Systematic Investment Plan (SIP)
  • An emergency fund should contain enough money to fund expenses for 3-6 months.

‘New Year, new resolutions’, that’s the mantra everyone follows. But do you realise what ties all resolutions?

Money.

Let’s have a look :

New Year, Better Resolution

Without money, it’s difficult to follow a healthy lifestyle, save more, or reach any other goals. So without money, the new year resolution may go for a toss. To avoid this, make smart resolutions this New Year to increase your income by :

  • Maximizing your salary, lowering Tax
  • Saving and investing more is a lot easier if you have more money to begin with

SIP

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