{"id":1794,"date":"2021-09-27T01:04:16","date_gmt":"2021-09-27T01:04:16","guid":{"rendered":"http:\/\/blog.kuvera.in\/?p=1794"},"modified":"2021-11-01T04:11:37","modified_gmt":"2021-11-01T04:11:37","slug":"the-advantages-of-unified-goal-planning","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/the-advantages-of-unified-goal-planning\/","title":{"rendered":"Unified goal planning or how to invest less and achieve your financial goals?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d85286e698d\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d85286e698d\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/the-advantages-of-unified-goal-planning\/#How_to_invest_less_and_achieve_your_financial_goals\" title=\"How to invest less and achieve your financial goals?\">How to invest less and achieve your financial goals?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/the-advantages-of-unified-goal-planning\/#To_reiterate_a_financial_goal_has_three_components\" title=\"To reiterate, a financial goal has three components &#8211;\">To reiterate, a financial goal has three components &#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/the-advantages-of-unified-goal-planning\/#Lets_look_at_an_example\" title=\"Let&#8217;s look at an example\">Let&#8217;s look at an example<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/the-advantages-of-unified-goal-planning\/#How_does_this_really_work\" title=\"How does this really work?\">How does this really work?<\/a><\/li><\/ul><\/nav><\/div>\n<h5><img loading=\"lazy\" class=\"aligncenter size-full wp-image-1862\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2018\/08\/goals-2691265_1280.jpg\" alt=\"\" width=\"1280\" height=\"491\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/08\/goals-2691265_1280.jpg 1280w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/08\/goals-2691265_1280-300x115.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/08\/goals-2691265_1280-768x295.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/08\/goals-2691265_1280-1024x393.jpg 1024w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/h5>\n<h5><span class=\"ez-toc-section\" id=\"How_to_invest_less_and_achieve_your_financial_goals\"><\/span>How to invest less and achieve your financial goals?<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>As we have discussed before <a href=\"http:\/\/blog.kuvera.in\/financial-success-using-goal-based-investment\/\" rel=\"noopener\">goal-based investing<\/a> makes it more likely for you to reach your financial goals. Writing and tracking financial goals actually fuels the commitment required to achieve them.<\/p>\n<p>In this post, we discuss how unified goal planning helps you achieve your goals by investing less today. Unified goal planning takes all your financial goals and calculates one SIP amount you need to invest by optimizing across all goals. The combined SIP in a unified goal approach is less than the sum of the individual SIP required to achieve the goals separately.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"To_reiterate_a_financial_goal_has_three_components\"><\/span>To reiterate, a financial goal has three components &#8211;<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<ul>\n<li><strong>Purpose<\/strong> eg daughter&#8217;s college education<\/li>\n<li><strong>Amount<\/strong> eg Rs30 lakhs<\/li>\n<li><strong>Time<\/strong> eg in 12 years<\/li>\n<\/ul>\n<p>As a first step, it helps to list out all your goals.<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Lets_look_at_an_example\"><\/span><strong>Let&#8217;s look at an example<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>A 27 years old with a current monthly expense of Rs 45k is planning for the following goals:<\/p>\n<ol>\n<li><a href=\"https:\/\/kuvera.in\/goals\/car\" rel=\"noopener\"><strong>New Car<\/strong><\/a> in 5 years (~16 lakh corpus)<\/li>\n<li><a href=\"https:\/\/kuvera.in\/goals\/kidseducation\" rel=\"noopener\"><strong>Daughter&#8217;s college<\/strong><\/a> in 14 years (~25 lakh corpus)<\/li>\n<li><a href=\"https:\/\/kuvera.in\/goals\/kidseducation\" rel=\"noopener\"><strong>Son&#8217;s college<\/strong><\/a> in 17 years (~29.5 lakh corpus)<\/li>\n<li><a href=\"https:\/\/kuvera.in\/goals\/retirement\" rel=\"noopener\"><strong>Retirement<\/strong><\/a> in 33 years (retirement corpus of ~2.7 Crores to maintain his current lifestyle)<\/li>\n<\/ol>\n<p>Your set of goals will be specific to you, so treat the above as an illustration. Part of a good goal planning system is to calculate how much you need to invest today. These calculators, popularly called SIP calculators, tell you the amount needed to be invested each month to achieve your financial goals.<\/p>\n<p>Here is what our goal calculators show as SIP for the above goals &#8211;<\/p>\n<table style=\"height: 195px;\" width=\"682\">\n<tbody>\n<tr>\n<td style=\"text-align: left;\" width=\"157\"><strong>Financial Goal<\/strong><\/td>\n<td width=\"97\"><strong>Corpus<\/strong><\/td>\n<td width=\"69\"><strong>In Years<\/strong><\/td>\n<td width=\"90\"><strong>Monthly SIP<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Car<\/td>\n<td>15.8 Lakhs<\/td>\n<td>5<\/td>\n<td>20,000<\/td>\n<\/tr>\n<tr>\n<td>Daughter&#8217;s Education<\/td>\n<td>25.3 Lakhs<\/td>\n<td>14<\/td>\n<td>6,200<\/td>\n<\/tr>\n<tr>\n<td>Son&#8217;s Education<\/td>\n<td>29.5 Lakhs<\/td>\n<td>17<\/td>\n<td>4,800<\/td>\n<\/tr>\n<tr>\n<td>Retirement<\/td>\n<td>2.7 Cr<\/td>\n<td>33<\/td>\n<td>5,800<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>36,800<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>So if you plan for all the goals separately, you need to start investing Rs36,800 today.<\/p>\n<blockquote><p><strong>If you used a unified goal planning approach, the SIP required would be much lower.\u00a0 Rs 26,600 per month in this case. With a unified portfolio approach, you start with a SIP amount that is 28% lower and still have the same set of goals.<br \/>\n<\/strong><\/p><\/blockquote>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-1844 size-full\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2018\/08\/Capture-10.png\" alt=\"\" width=\"743\" height=\"378\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/08\/Capture-10.png 743w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/08\/Capture-10-300x153.png 300w\" sizes=\"(max-width: 743px) 100vw, 743px\" \/><\/p>\n<h5><span class=\"ez-toc-section\" id=\"How_does_this_really_work\"><\/span>How does this really work?<span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Let&#8217;s simplify and see the math behind this. Say, you have two goals &#8211;<\/p>\n<p>Goal1 &#8211; requires a SIP of 5k for 5 years<br \/>\nGoal2 &#8211; requires a SIP of 10k for 10 years<\/p>\n<p>A simple advice would be investing Rs15k for 5 years and then Rs10k from year 5 to 10.<\/p>\n<p>Notice this &#8211;<\/p>\n<ul>\n<li>Your SIP amount is not constant for 10 years<\/li>\n<li>You are being asked to invest more now and less later. Your income, on the other hand, is likely to increase over time. Regardless if you can invest Rs15k today you can invest Rs15k five years from now, so you shouldn&#8217;t be asked to decrease your SIP amount.<\/li>\n<\/ul>\n<p>In unified goal planning, we say how can we better this? Using a unified goal planner we calculate that you can invest Rs12k every month for 10 years to achieve both the goals. So start smaller today and never change your SIP amount. Isn&#8217;t that more intuitive?<\/p>\n<p><em>This article was initially published by <\/em><em>CNBCTV18 <\/em><em> in the <strong>Personal Finance <\/strong>section. <\/em><\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit <a href=\"https:\/\/www.kuvera.in\"><strong>kuvera.in<\/strong><\/a> to discover <a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> and <a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai, #KuveraSabseSahiHai!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to invest less and achieve your financial goals? As we have discussed before goal-based investing makes it more likely for you to reach your financial goals. Writing and tracking financial goals actually fuels the commitment required to achieve them. In this post, we discuss how unified goal planning helps you achieve your goals by [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/the-advantages-of-unified-goal-planning\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":1861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[88,158],"tags":[89,47,90],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Unified goal planning or how to invest less and achieve your financial goals? - Kuvera<\/title>\n<meta name=\"description\" content=\"Unified goal planning helps you achieve more by investing less. 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Plan all your goals and start investing today at kuvera.in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cnbctv18.com\/personal-finance\/how-to-invest-less-and-achieve-financial-goals-641541.htm\" \/>\n<meta property=\"og:site_name\" content=\"Kuvera\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kuvera.in\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-27T01:04:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-01T04:11:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2018\/08\/Capture-11.png\" \/>\n\t<meta property=\"og:image:width\" content=\"908\" \/>\n\t<meta property=\"og:image:height\" content=\"531\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gaurav Rastogi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:site\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gaurav Rastogi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Unified goal planning or how to invest less and achieve your financial goals? - Kuvera","description":"Unified goal planning helps you achieve more by investing less. 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