Posted by in Blog on Feb 20, 2015

9/10/2013 6:24 PM: Abhishek: New Subject guys – “Best Moral Monthly Expense budget for an individual”?
9/10/2013 8:09 PM: Chetash: Expense is directly co-related to our Mindset.
9/10/2013 8:09 PM: Abhishek: Ok,
9/10/2013 8:10 PM: Chetash: If we keep side 40% income as income not received and considering remaining 60% as income from that 40% as income.
9/10/2013 8:43 PM: Abhishek: Let’s more elaborate and specific.
9/11/2013 2:40 PM: Abhishek: Guys input? Everyone
9/11/2013 5:29 PM: Vinit: I don’t get the moral part of it?
9/11/2013 5:30 PM: Vinit: Of the topic?
9/11/2013 5:33 PM: Abhishek: Good question; every financial matter has its moral values or consideration, like – Charging different fees by a Practitioner to a poor person.
9/11/2013 5:34 PM: Abhishek: For the budget I didn’t want to be very specific as that’s the point how we all think.
9/11/2013 6:59 PM: Abhishek: Chetash, what’s the logic behind Ur 40%?
9/11/2013 7:19 PM: Vinit: I think there cannot be a fixed ratio like 40-60. For example 40% would be too low for Warren Buffet whereas saving 20% could be extremely difficult for a low salaried person. For an avg family, the inevitable expenses such as rent, kids education etc. needs to be deducted and then if anything is left the saving criteria will depend on various factors including individual’s future responsibilities.
9/11/2013 8:19 PM: Abhishek: Agree, 40% of Buffet would be pretty high in absolute term. A % could be defined but individually.
9/11/2013 8:39 PM: Nalin: Even in case of fees charges…same service is provided by two provided by two people but at different fees. Even we are approaching a person who is charging higher fees with an assumption that he must be provided high quality service…
9/11/2013 8:39 PM: Nalin: So sometimes, fees determine the status of professional…
9/13/2013 8:19 AM: Chetash: Budget – Fixed—Variable
9/13/2013 8:20 AM: Abhishek: Anything, u make Ur choice; V r looking for gust.
9/13/2013 8:20 AM: Chetash: Fixed – Basic Necessities for Living…Electric Bills, Food Items etc…
9/13/2013 8:21 AM: Chetash: Did not get u — Am I going in wrong way ??
9/13/2013 8:22 AM: Abhishek: No, u r doing well; just read issue again for the emphasis points.
9/13/2013 8:22 AM: Chetash: Best Moral Monthly Expense Budget for an Individual – So I started with Budget.
9/13/2013 8:22 AM: Abhishek: Go on
9/13/2013 8:24 AM: Chetash: Firstly divide income into 2 parts 75/25..Income/ Expense…..Expense to be further divided into Fixed and Variable…
9/13/2013 8:25 AM: Chetash: Also have to consider Inflation while budgeting…
9/13/2013 8:25 AM: Abhishek: Ok, looking good
9/13/2013 8:26 AM: Chetash: A portion can be kept aside from 75% for unforeseen…. Certain % for a yearly holiday package or leisure….
9/13/2013 8:27 AM: Chetash: Also need to fixed monthly budget for leisure on weekends so as u not breach a certain limit which can cause u problem in future…
9/13/2013 8:28 AM: Abhishek: Let’s give everyone example
9/13/2013 8:28 AM: Abhishek: IL. – u earn mthly Rs 30000 (Net)
9/13/2013 8:33 AM: Chetash: E.g. if I m earning 30000 u can keep 12k for Expenditure… From rem 18k I have allotted 1k for leisure on weekends not a single penny more…Remaining 17 I invest 8 in various schemes…4 for unseen event in liquid form…From remaining 5 I keep 3k as a savings for child.. Remaining 2k for leisure which I will plan once in a year….
9/13/2013 8:43 AM: Abhishek: Anything else
9/13/2013 10:55 AM: Abhishek: Guys Sandeep phone is back so he will start sharing now
9/13/2013 11:25 AM: Abhishek: The gust – where r the Moral values in considered Budget?
9/13/2013 11:34 AM: +91 96 24 733099: We are helping those people who give them financial assistance, assured few children for financial assistance when they start cpt/graduation and for particular person who is not financially strong we have sponsored higher education in the tune of 35 k in fy 2012-13, to help some known person around 60 k to mitigate hospital exp. during fy 2012-13.
9/13/2013 11:34 AM: +91 96 24 733099: We don’t required toys but I try to purchase at higher price from poor people.
9/13/2013 11:35 AM: +91 96 24 733099: We don’t required toys/balloons but I try to purchase at higher price from poor people.
9/13/2013 11:35 AM: Abhishek: Looking good Shail as the way you wrote.
9/13/2013 11:36 AM: +91 96 24 733099: I don’t put money in dan petty at mandir rather giving to poor people
9/13/2013 11:36 AM: Abhishek: Quite a detail, so what would u like to say in few sentence abt a Moral budget To others
9/13/2013 11:36 AM: +91 96 24 733099: We have navkar mitra mandal in vapi we will start social activity soon.
9/13/2013 11:38 AM: +91 96 24 733099: moral budget means increasing to do for those who has the capabilities but couldn’t achieve so invest in them without expecting returns on it….
9/13/2013 11:39 AM: Abhishek: Ok
9/13/2013 11:39 AM: Abhishek: Let’s see what others think and do..
9/13/2013 11:39 AM: +91 96 24 733099: Take few children make them capable one of example
9/13/2013 11:42 AM: +91 96 24 733099: I have just visited Near Balotra district barmer Rajeevasthan seen rural boys who has limited resources vut doing hard…
9/13/2013 11:43 AM: +91 96 24 733099: I know one person who is financing monthly expenditure of particular family, the family doesn’t have capabilities.
9/13/2013 11:44 AM: +91 96 24 733099: Get our shoe polished from station so that person will get 200 rs pm for doing work.
9/13/2013 11:49 AM: +91 96 24 733099: In India we have huge opportunity in health and education we can sponsor them through organized manner or unstructured manner………
9/13/2013 11:49 AM: Abhishek: Correct
9/13/2013 6:17 PM: Sandeep: Monthly budget expense will vary from situation to situation
9/13/2013 6:19 PM: Sandeep: Like If you are single, married, children/s, joint family, earning persons in family, life style.
9/13/2013 6:22 PM: Sandeep: Depending on this a person, can make decision that how much he can save.
9/13/2013 9:50 PM: Abhishek: Right; go on and come at the Moral part by quantify whole process of budget.