7 Financial Tips For Young Adults

  Introduction: A Fresh Start with Financial Clarity The start of a new year is the perfect time to set meaningful goals, and what better resolution than taking charge of your finances? Budgeting might not sound as exciting as travel plans or fitness goals, but its impact can be transformative. By making budgeting a New Year’s resolution, you can establish a foundation for financial security, reduce stress, and work toward achieving your dreams. Why Budgeting Matters Budgeting is more than just tracking expenses—it’s about gaining control over your money and making informed decisions. Here’s why budgeting is essential: Helps Achieve Financial Goals : Whether it’s saving for a vacation, buying a home, or building an emergency fund, budgeting keeps you on track. Prevents Overspending : A budget sets clear limits, helping you avoid unnecessary expenses and debt. Creates Peace of Mind : Knowing where your money goes reduces financial anxiety and prepares you for unexpected costs...

  The corporate world is often a stage for innovation, leadership, and success, but every now and then, it also draws attention for the staggering compensation packages of its leaders. One such instance is Abhay Bhutada’s ₹241 crore salary as the former Managing Director (MD) of Poonawalla Fincorp , a leading non-banking financial company (NBFC) in India. This figure has sparked widespread discussion, not just about Bhutada’s individual achievements but also about the value of talented executives in driving corporate growth and shareholder value. Who is Abhay Bhutada? Abhay Bhutada’s journey to this remarkable milestone exemplifies the impact of skill, vision, and dedication. A Chartered Accountant by qualification, Bhutada began his career in SME finance at the Bank of India in 2010. He later founded TAB Capital Limited , a digital lending NBFC, which set the foundation for his expertise in finance and technology. Following the acquisition of TAB Capital by the Poonawalla Group...

  For finance students, Abhay Bhutada’s career and salary offer a valuable learning experience in the realities of finance and executive compensation. Bhutada’s rise, from an SME finance professional to CEO of Poonawalla Fincorp, highlights that significant financial rewards come with sustained commitment and tangible achievements, not just a high-level title. His salary serves as a case study on how compensation in finance is intricately tied to the impact a leader creates within the organization. One key takeaway from Bhutada’s career is the importance of innovation. His focus on digitalization and automation at Poonawalla Fincorp enabled him to drive substantial growth and secure an ‘AAA’ credit rating, proving that finance leaders today are rewarded for their ability to embrace change and leverage technology. His salary symbolizes the premium placed on leaders who proactively adapt to industry shifts and foster long-term growth. Moreover, Bhutada’s involvement in philanthropy...