By – Kuljeet Singh, Director of Finance at GI Group Holding
“With the budget 2025 announcements just around the corner, it’s the perfect moment to reassess our personal finances. New tax reforms, savings incentives or new investment opportunities – each of these elements can have a significant impact on our personal financial well-being. While the government’s policies focus on driving growth and fiscal stability, as individuals we must also plan to build our own financial resilience. We can start by reviewing our tax saving strategies by ensuring we use most of the available exemptions and deductions. We can revisit our investment portfolio and assess if it aligns with our short term liquidity needs and also with the long term wealth creation goals. If need be, we should always be flexible to adapt our plans according to the changes in interest rates or government schemes to be announced in the budged. By staying informed and disciplined, we can turn potential challenges into opportunities. No matter what the government budget holds, our financial success will depend on the strength of our personal budget.
Remember, proactive planning today can secure financial stability and growth tomorrow.”