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 Does it really matter for your personal financial planning decisions?


The Union Budget is one of the most closely followed events in India, and its impact is felt by almost all Indians.


 However, managing your personal finances is a lot more than just about taxes.

It is important to be aware of taxation rules, but budget announcements should not be over-focused on when planning investments.

Young earners should focus on things such as calculating their surplus after expenses, having adequate term life insurance and a contingency buffer, and setting realistic goals with proper investment plans.

Budgets are not in our control, so we should focus on what we can control.


Investing in the wrong product solely for tax savings should be avoided.

Budgets may have short-term impacts, but they won’t alter long-term plans significantly.


Click here to know more about effect of budget in personal finance decisions.

Check here for more budget related stories.


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Budget 2023: How does it affect your personal finance decisions?

It does matter to an extent as many announcements about taxation and investment schemes do impact how your income, capital gains, etc. would be taxed. However, managing personal finances is a lot more than just about taxes.

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