Is the budget over-rated for our personal finances?

By iTrust Financial Advisors (www.iTrust.in)

When it comes to our personal finances, the annual budget is not really worth that much of our attention. Every year expectations build up that major tectonic shifts will happen that will impact our personal finances.

This year is no different. In fact, the expectations are even higher given the outcome in the general elections. The usual items populate the wish list of changes that are being talked about by pundits.

Here's a quick compilation of items, by personal finance category, that could have an impact on our personal finances. But do keep in mind that not all of these could happen, or happen in the magnitude that they are expected to.

Stocks and Trading

Phase out of securities transaction tax and commodities transaction tax. The impact of this could be that trading could become marginally cheaper than what it is today.

Mutual Funds