Covid-19 pandemic along with the biggest crisis has also brought financial awareness to the individuals. Looking at the current crisis everyone wants to secure their financial future, for which they are looking towards good financial planning and investment opportunities. In the process, most of them are getting attracted towards the investment promotions on various media…Details
The world is going through a stressful phase due to pandemic. Most of us are stuck at home doing the same chores every day for the last year or so. Staying at home has its own advantages, it gives us an opportunity to look into aspects of our lives which were often ignored in the…Details
“Financial wellness means freedom from financial stress and debt, peaceful life, and being prepared for emergencies.” Worried about the COVID 19 cases rising ? It reminds us about the ghost of 2020 taking away employment and restricting movements. However, this time we are slightly better prepared due to the ongoing vaccination drive and increased…Details
Introduction Last decade can be attributed to the highest technological advancement which paved the path for new generation investment opportunity – crypto currency. Crypto currency is a digital or virtual currency. The name crypto currency is derived based on the use of cryptography to secure and verify transactions as well as create new currency units.…Details
“Financial wellness means freedom from financial stress and debt, peaceful life, and being prepared for emergencies.” In a fast paced business world, organizations and their employees are being stretched to overachieve their business goals. In the process employees face a huge amount of stress that affects their health and longevity which could be attributed…Details
Debt Mutual fund investments are typically considered and positioned as one of the safe avenues for returns and parking money, but the recent incidents have proven that one has to be careful while choosing the right kind of debt mutual funds. It is important to understand the underlying risks that the investors are subjected to…Details
As Dussehra 2019 arrives, it brings a fresh wave of thought in our life. The festival of Dussehra signifies the victory of good over evil. The mythological stories associated with Dussehra cite the importance of curbing our greed and destroy bad intentions. Be it the story of Lord Ram killing the demon King Ravana or…Details
Any act requires a proper plan for the outcome to be the best and finance is no exception to this. One needs proper financial planning to be stress free and lead a healthy financial life.
So what is financial planning? It is the process of clearly analyzing one’s finances and drawing an understanding towards the deeds to be done for current and future well being.
Broadly a financial plan consists of sub components like tax planning, risk planning, goal planning, investment planning and estate planning. Each of these aspects have to be broken down, draw up an analysis and implement.
The right way to plan your finances is…
Before thinking about the future, you need to look at the present. So the first and foremost step is to analyse your current finances and work towards stopping money leaking aspects, if any. For instance, it could be a non productive insurance policy that you hold. Doing so may increase your surplus for investments towards your future financial goals.
As humans we all face two risks that stop us from continuing our regular tasks. One being life risk and the other being health risk. You have to properly cover your self from such risks using respective insurance as this help you indemnify your finances for your dependents in case of any eventuality. Apart from the above you may also face situations where your regular income stops or expenses rise, such events also affect your on-goings and so you should consider building emergency fund which forms part of risk planning.
What Are 5 Top Investments To Secure Child’s Future In 2019 ? Every parent aspires to offer a secure and quality life to his child. But when it comes to finances, many miss out on making the right investment choices at the right time. Here we listed the best investments that can secure the child’s…Details
Retirement is one of the most important stages of any employment which every individual has to undergo this phase. There are different ways to pass this phase happily and smoothly like investing in mutual funds, stocks, real estate but one of the most common instruments amongst them are EPF and NPS. The recent buzz by…Details