Financial Planning & Its Relevance

11/22/20232 min read

difficult roads lead to beautiful destinations desk decor
difficult roads lead to beautiful destinations desk decor

What do you do when you want to make your loved one's birthday special? Or when you want to run the marathon or participate in the triathlon?

Ok maybe these are bigger events.. let’s look at some daily activities

What do you do when you want to cook up tonight’s dinner? Or when you need to reach office everyday at 9am?

Of Course meticulously PLAN!!

Each special event needs preparation and planning and so does each daily activity. Right from the things needed, to the timing, the process ..everything is pre planned.

What do you do when you have to plan for your child’s education? Or save up for your retirement?

Of course ..most of us DON’T PLAN!!

Which of the following applies to you

Savings = Earnings – EMIs – Household Expenses – Lifestyle expenses


Spending = Earnings – EMIs – Household Expenses -Investments

Have you considered, the average inflation rate is around 6% to 7% YoY.

Education inflation is at a startling 11% to 12% YoY. This means that course fees double every 6 to 7years!!

Hospitalization costs are hitting the roof!!

Are you really prepared for this? And imagine your plight post retirement!!

In most people’s lifetime, the gap in the child’s higher education and their own retirement would be roughly 10 to 15yrs. Considering late marriages and child births happening at even later ages, the gap could go further down.

So, when you would pay off a large chunk of your savings towards your child education, you would be falling short on your retirement kitty and end up being dependent on your children much against your will (and maybe theirs too!)

And what if there is a sudden emergency in between?

What if you as an earning member lose your job for a considerable amount of time or unfortunately have a shorter lifeline? Is your family secure? Will your spouse be able to fulfil all responsibilities and take things ahead as planned single handedly?


A plan will add structure to your finances.

A planner will give you a clear picture of your goals vs your income vs your investments on best case basis. He/she will plan out a budget, investments road map considering your mindset and comfort. A planner will guide you not only where to invest.. but will also tell you the purpose of each investment!

We cant control contingencies …nor Inflation .. But we can PLAN smartly to find our ways around them and yet reach the goal post!



Asztute Finstruct

photo of woman holding white and black paper bags
photo of woman holding white and black paper bags