Money, Money, Money: Introduction

Written By

Bindu Bhat Loading

Listening to the ABBA number “money, money, money must be funny in a rich man’s world…” got me thinking about the money habits that we develop over time. We rarely consciously think and develop our money habits, more often than not, these are strongly influenced by our family and peers.

Habits which stay with us for a lifetime decide whether we can get off the tread mill at 45 or stay there till 65. 

Money Management Habits

Managing money is a habit, and like we all know, it takes 3 months to get into a new good habit and probably 3 days to get into a not-so-great habit. Do a quick mental check now on what your money habits are — do you SPEND and SAVE what is left, or SAVE and SPEND what is left?

We do love to measure, don’t we?! We measure our success by our income growth, our children’s success by their academic track record. How often do we actually measure if our money is growing at all and if yes, at what rate?

My personal observation is that we like to research different situations. For instance, taking up a new job/assignment is preceded by quite a bit of homework on our part, am I right? And every situation that requires big spending will see us taking hours and maybe days to plan it, remember the last party you hosted or the last year’s family vacation?

However, when was the last time you sat down and checked out whether your investments were growing sub-inflation or beating inflation by a happy trot? Are your investments working as you thought and bringing you wealth?

How would one define ‘wealth’, exactly?

Simply put, Wealth implies everything that we own which in its turn has the capacity to grow and generate returns for us. This could be financial investments, property, gold or even the paintings and antiques that one chooses to buy.

This brings us to the question, what is the optimal way to look at managing our wealth?

Taking inspiration from an all-time favourite song, ”Let’s start at the very beginning, a very good place to start…”. I look forward to sharing pointers on creating Smart Money Habits, where YOU take charge and personally design a strong   financial foundation.

This series will cover topics about the steps to effective Money management:

  • Identifying your financial requirements
  • Getting your emergency measures right
  • Creating a stable assets base
  • Designing your growth engine
  • Monitoring and course correction

in different phases and situations in your life.

Like your little balcony garden which needs attention and nurturing to grow, our money habits too require attention to create wealth. Getting it right is the equivalent of creating your own little money tree. Not getting it right means giving up your option for a stress free life. This is one area where passing the buck simply boomerangs.

And the onus rests on you.


Coming up in a fortnight, how to plan your finances around a new baby.




A happy mother-cum-financial-planner-cum educator; community volunteer, avid traveller and history buff; Bindu loves it all. Along with being a mom to her 12 year old, Bindu is also discovering more sides to herself after crossing the '40' milestone and is enjoying the journey thoroughly. Bindu believes that working as a Financial planner gives her the fabulous opportunity of seeing people make positive changes in their money habits. And to catch them young, she conducts financial literacy programs at schools and communities. She's a Mathematics grad and Finance post-grad from Amchi Mumbai, worked with a banking group and a Hyderabad based start up, before finding her niche as a Financial Planner, based in Hyderabad.

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