Droplet Wealth

        We did not know about the subject of Chit funds that well until a few clients of ours popped it to us. We were more piqued when one of them told us that his chit fund gives him a return of 18%.  We were like  EIGHTEEN PERCENT ?!?  Why would anybody be doing any business but Chit Business if it can generate an 18% return? We mean WHY? We set out to dig deep to find it for our readers.   Lets get started- For novices like us, let's get the basics answered first.  What is a Chit Fund?  As per Wikipedia - " A  chit fund  is a type of  rotating savings and credit association  system practiced in  India . [1]  Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbors..." In simpler terms, Chit is a group of people who contribute a specified amount every month and create a common pool of Money. This pool of Money is then given to one of the members of the group as agreed.  HOW CHI

The original plan was to publish the Evergreen Budget blog that we put last year. But one of my acquaintances told me - "Dei, Budget la enna sonnanganu oru blog ah ezuthi share pannu". Instinctively I told her, we have a evergreen budget blog and will share that. But as an after-thought, I took her comments as "God's" nudge and decided to write one. Afterall I was getting alarmingly lazy at writing and needed a good nudge. So here’s the Droplet's Budget 2023 Nugget.   Ahem! Oh hold on! This is not about the tax regimes and neither about non Linked Insurance payouts soon attracting tax payments. These are almost common knowledge now. So what's the bigger take away for us from this Budget. It is "Spending". I pretty well know most of us here are PhD's in spending and that too not by doing some theoretical course but by hard labors of actually Spending more than we earn and can barrow! So what can we learn from Govt's spending