Smart investment ideas: Deploying excess money

Nov 15 2013, 11:14 IST
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Most people are careless if they get sudden gains and either splurge it on buying luxuries. Most people are careless if they get sudden gains and either splurge it on buying luxuries.
SummaryPeople often tend to be careless when they get sudden gains; here are some smart ideas about using the surplus

be considered as splurging if you are taking them too often and spending beyond your means. However, it is important to relax once in a while

* You can use the extra money to enrich your experience in a new area or acquiring a new skill

* If you find yourself with surplus cash, you can contribute atleast a small portion of it to the society. This can be done either by donating to a charitable institution or to an orphanage

The writer is CEO, BankBazaar.com

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