Time your finances

20 The Econamic Times Wealth, June 6-12, 2011 O Learn & Keep Hourly balance sheet Find out how much you spend on different heads every 60 minutes TIME YOUR FINANCES MONTHLY EXPENSE YOUR FIGURES HOURLY EXPENSE YOUR FIGURES Rent 12,000 16.67 Household expenses 6,000 8.33 Utilities bills 1,200 1.67 ----- Communications 1,500 2.08 Monthly income: 760,000 (take-home) Education 4,500 6.25 Insurance 4,200 5.83 Fuel and travelling 4,000 5.56 Most of us track our incomes, expenses and savings on a monthly basis. Calculating these for. every hour can make you value your time, improve your efficiency and, perhaps, increase your earnings. Use this worksheet to find out how much you earn, save and spend in 60 minutes. Loan repayments 7,600 10.56 Entertainment 7,000 9.72 Others 3,000 4.17 1.25 Large-cap equity diver- sified funds mirrored the returns of the Nifty. Savings 9,000 12.50 TOTAL 60,000 83.33 Large-cap funds All figures are in . To colculate the hourly figure, divide the monthly figure by 720 Timely returns If income, expenses and savings can be calculated in terms of minutes and hours, so can the returns from investments. If you invested 1 lakh in the Nifty on 1 June 2010, you would have earned 1.35 every hour in the past 12 months. Not impressed? Well, some other investments did phenomenally well. 2.42 Bharti Airtel 75.21 Gold The precious metal shone brightly in a year marked by high inflation and eco- nomic uncertainty. Despite the stiff competition, the telecom major managed to retain its No 1 position. Hourly returns (in ?) TCS 76.49 -75.18 With auto sales zooming, the company raced ahead with its new launches. Reliance Infra Not all stocks fared well. Invest- ments in Reliance Infrastructure lost over 25 per hour. Silver 11.07 The biggest wealth creator among Nifty stocks, it earned nearly five times the returns of the index Speculation and investor interest made it the biggest money spinner, with almost 10 times the returns of the index. GRAPHIC: CHANDER, RAJ Paying by the hour 77 wentth Now that you know how much you earn per hour, you can calculate how many hours of work will let you buy the iPad 2. A person with a monthly income of 60,000 earns 83.33 per hour. Here's how much he will have to work to buy these products. Copy of this newspaper (5) Сappuccino (*75) Movie for two (300) Dinner at 5-star hotel (3,000) iPad 2 (29,500) Foreign vacation (2 lakh) Hyundai Verna Fluidic (*8.09 lakh) THE ECONOMIC TIMES COSTS: COSTS: 3 mins COSTS: COSTS: COSTS: COSTS: COSTS: wealth 55 minutes 3 hrs & 35 minutes 1 day & 12 hours 14 days & 18 hrs 100 days 1 yr, 1 month, 9 days & 12 hrs ----- 20 The Econamic Times Wealth, June 6-12, 2011 O Learn & Keep Hourly balance sheet Find out how much you spend on different heads every 60 minutes TIME YOUR FINANCES MONTHLY EXPENSE YOUR FIGURES HOURLY EXPENSE YOUR FIGURES Rent 12,000 16.67 Household expenses 6,000 8.33 Utilities bills 1,200 1.67 ----- Communications 1,500 2.08 Monthly income: 760,000 (take-home) Education 4,500 6.25 Insurance 4,200 5.83 Fuel and travelling 4,000 5.56 Most of us track our incomes, expenses and savings on a monthly basis. Calculating these for. every hour can make you value your time, improve your efficiency and, perhaps, increase your earnings. Use this worksheet to find out how much you earn, save and spend in 60 minutes. Loan repayments 7,600 10.56 Entertainment 7,000 9.72 Others 3,000 4.17 1.25 Large-cap equity diver- sified funds mirrored the returns of the Nifty. Savings 9,000 12.50 TOTAL 60,000 83.33 Large-cap funds All figures are in . To colculate the hourly figure, divide the monthly figure by 720 Timely returns If income, expenses and savings can be calculated in terms of minutes and hours, so can the returns from investments. If you invested 1 lakh in the Nifty on 1 June 2010, you would have earned 1.35 every hour in the past 12 months. Not impressed? Well, some other investments did phenomenally well. 2.42 Bharti Airtel 75.21 Gold The precious metal shone brightly in a year marked by high inflation and eco- nomic uncertainty. Despite the stiff competition, the telecom major managed to retain its No 1 position. Hourly returns (in ?) TCS 76.49 -75.18 With auto sales zooming, the company raced ahead with its new launches. Reliance Infra Not all stocks fared well. Invest- ments in Reliance Infrastructure lost over 25 per hour. Silver 11.07 The biggest wealth creator among Nifty stocks, it earned nearly five times the returns of the index Speculation and investor interest made it the biggest money spinner, with almost 10 times the returns of the index. GRAPHIC: CHANDER, RAJ Paying by the hour 77 wentth Now that you know how much you earn per hour, you can calculate how many hours of work will let you buy the iPad 2. A person with a monthly income of 60,000 earns 83.33 per hour. Here's how much he will have to work to buy these products. Copy of this newspaper (5) Сappuccino (*75) Movie for two (300) Dinner at 5-star hotel (3,000) iPad 2 (29,500) Foreign vacation (2 lakh) Hyundai Verna Fluidic (*8.09 lakh) THE ECONOMIC TIMES COSTS: COSTS: 3 mins COSTS: COSTS: COSTS: COSTS: COSTS: wealth 55 minutes 3 hrs & 35 minutes 1 day & 12 hours 14 days & 18 hrs 100 days 1 yr, 1 month, 9 days & 12 hrs -----