Smart Budgeting:The Key to Mindful Retirement Planning

Most of us keenly wait for the month of February for the Budget to be presented by the Finance Minister. The Budget can be termed as the annual financial report card of the country, and it has a significant impact on the finances of the common man. During the last week of January 2024, I had the privilege to be part of the first-of-its-kind conclave on retirement planning, Outlook Money 40After40. Maybe this conclave has created the much-needed awareness among millions on the essence of planning for their golden years. The tagline for the conclave was “#Celebrateretirement”. The two events led me to think of how smart budgeting is key to mindful retirement. Retirement planning is a journey that requires foresight, discipline, and strategic financial management. Smart budgeting for retirement is about striking a balance between mindful spending and strategic investing. Start...