Archive · 1 Oct 2025
Financial Expert: Balance Spending, Savings for Enjoyment
Imagine you want to buy things you enjoy.
A financial expert named Harshvardhan Roongta says it's okay to spend, but you also need to save money.
He suggests putting aside some money, like a "spoil me" fund, to buy things you like.
For young people, Roongta recommends saving 20% of their income for things like retirement, emergencies, and fun purchases.
If you start saving late, you may need to save even more to catch up.
The main idea is to plan your spending so you can enjoy life without worrying about money.
Harshvardhan Roongta advocates for enjoying earnings.
He suggests a "spoil me" fund for discretionary spending.
Young professionals should save 20% of their income.
Savings percentage increases with age due to compounding.
Disciplined planning is key to financial well-being.
- Who
- Harshvardhan Roongta
- What
- Discussed balancing spending and saving
- When
- During the festive season
- Where
- CNBC-TV18
- Why
- To guide viewers on responsible spending
- Expert
- Harshvardhan Roongta, CFP
- Main Point
- Balance spending with savings
- Suggestion
- Allocate funds for "spoil me" fund
- Target Audience
- Young professionals
- Savings Goal
- 20% of take-home salary (for 20s and 30s)