Smart Money Camp by Sneha Jaggar

What are the types of expenses mentioned in the session?

• Fixed, periodic, and variable

• Essential, non-essential, and luxury

• Immediate, short-term, and long-term

• Daily, weekly, and monthly

What is the recommended percentage allocation for savings in budgeting?

• 100%

• 50%

• 40%

• 20%

What is the recommended way to invest in equity mentioned in the text?

• Real estate

• SIP (Systematic Investment Plan)

• Cryptocurrency

• Gold

How often should you monitor your financial plan?

• Bi-annually

• Quarterly

• Monthly

• Annually or as and when needed

What is the main focus of mindful money management?

• Investing in risky ventures

• Spending money without thinking

• Making smart and purposeful financial decisions

• Making as much money as possible

What type of account is recommended for people who are employed and receive a salary?

• Savings account

• Salary account

• Current account

• NRO account

Which is the first step towards financial freedom?

• Secure your Family = Protection

• Monitor Periodically = check

• Spend all your money = be spendthrift

• Money Movement = Budgeting

Rent is a (a)   expense

Your goals must be

• TACTFUL

• ARTISTIC

• SMART

• PURE

Make your money work =

• Budgeting

• Protection

• Sowing

• Invest