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expense saving techniques

30 smart Ideas to cut your expenses: What are the simple cost cutting techniques that I can implement today? This question made us put our coffee mugs back on the table. It really got everyone thinking. Did we unconsciously implement some strategy which helped us to cut expenses & save money? We started sharing our experiences and some really useful strategies started to come out of the discussion. I’m putting together 30 cost cutting ideas that can help you beat cash flow crunch and save money in the short term.  First Things First 1)  Review all expenses, even the little ones. You can’t manage something which you don’t track. If you are not keeping record of all your expenses, you should start doing it right now. A good accounting software can help you categorise expenses and help you take measures to reduce them. I know a company that used to order pizzas every Fridays for the team. When their accountant told them that the annual bill ran into lakhs, owner was in a rude...
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small Vegetable vendor

This article is from the viewpoint of a common man and does not support/criticise anyone. It is just an observation  and shared with the larger group for informational purposes only.  A few weeks back I got a WhatsApp message from an unknown number. It took me a few seconds to realise that the message had come from one of the vegetable vendors I regularly bought from. The message basically said that if I wanted to buy any vegetables, I could simply message and he would deliver. Up until then I had the option to call the vendor, he would note down what I wanted and then deliver. I immediately messaged what I needed and a few hours later, the vegetables were delivered. We have continued with this arrangement over the last one month. Covid-19 pushed this vegetable vendor into the next level of customer service. In fact, now I even ask him to get me fruits, which he doesn’t stock, but is happy to buy from another vendor and deliver it to me. Also, as I mentioned earlier, this part...
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Economic outlook for india

Economic Outlook for India Post #Covid-19 I know it's lengthy but take some time to read                      General Outlook 1. India seems to have supressed the curve so far. It looks like it might escape the worst of the pandemic, but will have to be cautious about it. 2. Possibility of W Curve – i.e. There is a good chance of re-occurrence of the virus, which could see a possibility of regular lockdowns. Businesses need to plan accordingly. 3. Capital will look for countries that are less battered. Western economies are badly battered while countries like India, Indonesia, etc are not so battered. Global Capital could flow into India, if we can act efficiently to pull it. 4. Emotional and Economic backlash against China is expected. Already, countries and companies are working on strategy to pivot away from China as part of their supply chains. Japan Govt has announced packages for it’s companies bringing back manufacturing home...
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situation after covid-19

Economic Outlook for India Post #Chinesevirus  General Outlook 1. India seems to have supressed the curve so far. It looks like it might escape the worst of the pandemic, but will have to be cautious about it. 2. Possibility of W Curve – i.e. There is a good chance of re-occurrence of the virus, which could see a possibility of regular lockdowns. Businesses need to plan accordingly. 3. Capital will look for countries that are less battered. Western economies are badly battered while countries like India, Indonesia, etc are not so battered. Global Capital could flow into India, if we can act efficiently to pull it. 4. Emotional and Economic backlash against China is expected. Already, countries and companies are working on strategy to pivot away from China as part of their supply chains. Japan Govt has announced packages for it’s companies bringing back manufacturing home. Businesses need to keep this in mind and work accordingly. Discretionary Spending. 1. For individuals, health a...
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