Financial Planning For Newlyweds
Marriage may be your bliss from heaven, but financial planning is what you have to do next. Such financial planning may now involve so many things like setting up of financial goals, debt restructuring, budgeting, tax planning, etc. This article will deal with financial planning for newlyweds. Identification of financial goals and objectives Most Important thing would be to...
7 Habits Of Financially Inefficient People
No one is immune to making mistakes as we are human after all. But we should learn from our mistakes as well as other people’s mistakes. If you want to learn faster, learn from other’s mistakes specifically in personal finance as making mistakes in personal finance can be very costly. The purpose of this article is to learn from the common mistakes made by financially unorganized and...
Things to Teach Your Kids About Money Management
Money management for kids? Really? Yeah, they are growing up in a very high paced and global environment, where they would need to manage their every penny. This is not an easy task as you know it, so why not start early? Good habits die hard and this money management habit will really help them a lot in future. So let’s start! Pocket Money Pocket money or monthly allowances can...
FINANCIAL PLANNER, the need of the hour
Everyone has some dreams in life – whether it is starting a new business, buying a new house, traveling the world, planning your family’s future, or retirement. All these are called financial goals. As these goals have emotions, it also has a monetary value. Financial awareness, therefore, becomes a vital ingredient to effectively plan all of the above. Being aware of your requirements...
Sovereign Gold Bonds – Should you invest?
Sovereign gold bonds are government securities with prices linked to the value of the underlying asset i.e. gold. They are issued by the Reserve Bank of India on behalf of the government. In the current financial year 2020-21, RBI had introduced six tranches of the government’s sovereign Gold bond. The first issue happened in the month of April. Now the time has come for second tranche....
How not knowing Emergency Funds makes you a Rookie
What if you lost your job or got injured? How would it affect you financially? ‘Emergency funds’, well the word says it all. It’s a fund used to meet your emergency needs. Many people do not know the meaning of emergency funds. They do not realize the importance of having one. Emergency funds are kept so that when an unplanned event occurs, there are funds available to pay...
5 Things To Do In The New Financial Year
The beginning of the new financial year is a good time to analyze your investment and assess where you stand, so that you can see your year-end financial issues. It is also a good time to assess your insurance plan and your tax planning. If you start planning right, at the beginning of the financial year, then you can have peace of mind, for the whole year ahead. So, today we will discuss...
Contingency Planning for Business amid current Pandemic
Given the widespread outbreak of the coronavirus (COVID-19) around the world, radical actions are being taken by the governments and authorities. Country lockdown owing to this pandemic has caused widespread impacts on employment, supply chains, capital markets and more. It is now a necessity for the businesses to take actions. This is required to mitigate risks, tackle immediate priorities...
Importance of having a WILL during this Pandemic
Protecting your assets and your loved ones has always been the first priority when one starts to plan their finances. The first step should be the protection of wealth and then the accumulation of the same. It is vital to realise how important it is to have a WILL. In India, majority of people think that they are immune to any unfortunate event. Ask those who have suffered. We have...