
SMART MONEY POCKETBOOK
Safe Money Tips for Elders...
By Arhaan Swaika

01
Budget Wisely
Track your income, expenses, and savings in simple ways. Use a small diary or free mobile apps to stay on top of daily spending. Setting even a small monthly goal builds financial security.
Quick Tips:
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Write down pensions, rent, and bills
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Separate fixed vs. variable expenses
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Save ₹500/month (or any amount possible)
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Review your spending weekly image to go with this
02
Safe Investments
Choosing the right investments keeps money safe and growing. Stick to trusted options and avoid risky “get-rich” offers.
Good Options:
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Senior Citizens Savings Scheme (SCSS)
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Post Office Monthly Income Scheme (MIS)
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Fixed Deposits (FDs)
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RBI Bonds
Avoid: unknown companies, “double money” schemes


03
Stay Safe from Scams
Scammers target elders through calls, texts, and emails. Protect your money and never share private details.
Safety Rules:
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Never share OTPs, PINs, or passwords
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Avoid public Wi-Fi for banking
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Don’t believe prize or lottery emails
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If cheated → Call 1930 (Cyber Helpline)
04
Health & Emergencies
Health costs can be sudden and heavy. Planning ahead helps reduce stress.
Steps:
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Keep medical bills organized (insurance + budgeting)
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Get insurance that covers hospitalization
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Save a small monthly amount just for health
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Use government schemes (PM-JAY, local health centers)


05
Plan Your Legacy
Leaving clear instructions saves families confusion and conflict later.
Essentials:
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Write a proper will
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Keep ID, insurance, and medical papers ready
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Remember: a nominee is not always an heir
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Share plans with trusted family members
