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Showing posts from June, 2018

In your 30s? Financial planning tips for you

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Whether it’s your retirement, marriage or child’s birth, financial planning is necessary at every stage of life. The moment you begin earning, you need to inculcate the habit of financial planning to make the sure achievement of each and every life goal. Once you reach your 30s, your financial responsibilities raise and financial planning becomes a lot more crucial. But, pure savings won’t suffice, you’d need certainly to allocate your savings for particular life goals. Below are a few financial tips for those in their 30s, which may assist in setting their finances on track. 1. Plan and Invest for your child –  The responsibility of a child generally comes in your 30s. From the beginning of your child to his/her higher education and marriage, every stage needs a good amount of corpus. With climbing expenses of higher education and living expenses, taking an education loan would seem imminent. However, this might burden your child from the beginning of his/her career and ra

Just married? Here are five financial tips for you

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Just married? Here are five financial tips for you Below are five simple tips that all newly married people should follow in order to ensure a financially secure and stable future. 1. All cards on the table: The first thing both partners should do is disclose everything about their earnings and expenses. Tell each other your exact income, loan installments if you have one, savings, deposits, investments etc. This will help you have a clear idea of total income and total expense. 2. Budgeting: Both the partners should sit together and prepare a monthly budget. You should take into account all the necessary expenses. Start noting down all your monthly expenses so that you can know which one is necessary and which is discretionary. This will help you understand cash outflow in the household. 3. Goals: Discuss short term and long term goals with each other. Map out all your goals like buying a car, buying a flat, planning a baby, children education etc. If you have all these

Buying health insurance for senior citizens? 5 tips for you

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Buying health insurance for senior citizens? 5 tips for you While it may be costly to buy a medical insurance scheme at a later stage, the idea of not taking an insurance is not just a choice. Here are five points to assist you to choose the most effective health insurance plan for elders.