Many saw their financial plans and household budgets go awry.Here are few personal finance lessons that you can learn from last year's demonetisation episode that can make you money-wise:Undoubtedly cash offers great flexibility and liquidity, but hoarding it is not a good idea. Your money won't grow idling in your locker at home or in the bank account. From paying your rent to filling fuel in your car, to online shopping, plastic money offers good incentives over cash transactions. Accounts that made cash deposits over the given limit were under the I-T lens and some were even served with notices to explain such high value deposits. Some use it to keep lose money and change, while some gift it to their kids to make them money-wise.

Source: Economic Times November 08, 2017 04:41 UTC