Financial Planning Archives - Page 23 of 29

5 steps to the perfect financial plan

Financial PlanningBy ArthaYantra July 8, 2013 Leave a comment

Taking control of the finances and making plan to achieve our goals are the first steps towards mastering the financial planning process. A robust financial planning ensures a sustainable and secured financial life. Though taking the first steps to plan our finances itself is a good start, the following tips would ensure that we reap…

Here’s why one should not mix investment and insurance

Financial PlanningBy ArthaYantra July 5, 2013 Leave a comment

Adequate life insurance cover is the most important aspect of financial planning. It is an efficient way of ensuring that the family will have enough money to meet their goals and maintain their life style in case of a mishap to the bread earner. Life insurance is one of the most popular and misinterpreted financial…

ULIPs were 97% of surrendered insurance policies in 2012

Financial PlanningBy ArthaYantra July 1, 2013 Leave a comment

Life Insurance has been prominent savings vehicle for the middle income professionals in India despite the fact that insurance and investments should never be mixed. Before the introduction of Unit Linked Insurance Plans (ULIPs), Insurance industry in India was offering only three products: term policies, annuities and non – linked policies. Despite the obvious benefits…

Why you should avoid buying a child plan

Financial PlanningBy ArthaYantra June 21, 2013 Leave a comment

Saving for children’s education is one of the most important goals for the parents. It is every parent’s dream to ensure that their children get to pick the best possible educational institutes or career options without any financial constraints. Other goals such as buying a home or a car can be postponed or even compromised…

Three ways a falling rupee will affect you

Financial PlanningBy ArthaYantra June 21, 2013 Leave a comment

The Indian rupee hit an all-time low against the US dollar yesterday. The macro-economic conditions across the globe and the debt sell-off by foreign institutional investors acted as major catalysts in the decline. Here’s a look at how it impacts the common man. 1. Fuel prices may go up, causing prices of transported goods to…

Three behaviors you should change to become richer

Financial PlanningBy ArthaYantra June 20, 2013 Leave a comment

Knowingly or unknowingly we spend most of our time around money. We put a lot of effort in acquiring money and spending the same for our needs. However, we often fail to replicate the same effort in managing our money. Prioritizing our goals and planning ahead defines the personal finance readiness of middle-income salaried professionals…

Why it’s important to buy personal health insurance

Financial PlanningBy ArthaYantra June 19, 2013 Leave a comment

Health insurance provides risk coverage against expenditure caused by any unforeseen medical emergencies. In current times of high medical inflation rates, failing to hold adequate amount of health insurance cover can prove to be a major personal finance disaster. This could lead to either poor health care because of non-affordability or spiral an individual into…

Why retail investors always lose money

Financial PlanningBy ArthaYantra June 13, 2013 Leave a comment

We find numerous theories around this one of the most discussed topic: Why Retail Investors always lose money. Retail Investors tend to follow the trend rather than the principles which govern the stock movements. Many market studies often proved that, retail investors are the last few people to buy the stock or mutual fund. It…

Find out: Six steps to check before going for a home loan

Financial PlanningBy ArthaYantra June 13, 2013 Leave a comment

Buying a home is an important personal finance decision for every individual. Before applying for a home loan and paying your processing fee, make sure you analyze the following aspects: 1. Know your maximum loan eligibility The loan amount depends on income and track record for repaying loans and credit card dues. Home loan lenders…

Why it is wise to choose SWP over dividend option in MIPs

Financial PlanningBy ArthaYantra June 11, 2013 Leave a comment

For people seeking periodic payments from their investments, Monthly Income Schemes and Monthly Income Plan Mutual Funds provide a good option. Monthly Income Schemes provide a periodic return on the investment based on the prevailing interest rate. Monthly Income Plans are hybrid mutual funds which invest majority of their funds in short or medium term…

Category Archives: Financial Planning