According to Uttam Kumar Sen, a certified financial planner, everybody should penny-pinch as it helps oneself to understand the worth of each penny and develop a sense of responsibility. “If you want to earn 8% interest to get Re. 1, you will have to invest Rs.12.50 for 1 year. However, we do not think about this before spending that Re.1. We need to understand the value of money,” said Sen. For full article, please visit http://www.livemint.com/Money/Y7azWt5ZfonepMur1JJCqJ/Pennypinching-ideas-that-can-work-for-you.html
