Learning from Union budget

Union budget vs. Family budget

·      Govt.  Dreams ...   and plan for every Indian's life and income growth in Union budget.

·      Like that let's plan for our family dream and responsibilities for our children, wife and parents.

·      Try to draw our annual budget to track our expenses and stop leakages 

·      Govt. move towards equality by transferring money from rich to poor.

·  Govt. stop leakages by planning for their planned expenditure (like infrastructure, science, technology) reducing non planned expenditure (salaries and pension of Govt. servants, subsidies)

·      Like that we can transfer our money from unnecessary expenses to necessary expenses.

·      We should also planned for our yearly expenses and keep control on unplanned expenses.

·     And to stop leakages - stop low insurance and low cover premiums, idle money in saving accounts, switch costly home loans to best rate provider.

·      Our Government focused on our GDP that is countries total income.

·      Below are the four pillars of our economy growth.

1.    For agriculture income - Government focuses on rural economy

2.    For Manufacturing income - Government focuses on Make in India

3.    For Services income - Government focuses on employment generation

4. For Export - Import-Government focuses on increasing export and decreasing import   deoendency.

                            And

·      Like that as a family we should also focus on our four pillars -

1.    For Income - Learning skills... so that we can improve our income

2.    To control Expenses - Keep an eye on all our expenses.

3.    To creat Assets- Keep all the our money work for us rather only we work for money.

4.  To minimize Liabilities - Keeping them low and rate of our loan should be low than our returns on investments.