Child Education is one of the top future expenses that is on mind of every parent. A 4 year Engineering in govt institute like IITs cost about 10 Lacs at present and a post graduate Degree in IIMs or prestigious B Schools costs anywhere between 30-40 Lacs at present. It is therefore inevitable to start planning for Child Education as early as possible to avoid any surprises later on.
Another financial year has just started and it is the perfect time of the year to plan for effective management of our personal funds. Financial planning i.e. planning your finances as the name itself suggests, is the most important factor in our lives but we often tend to ignore it or don’t have enough time to manage it effectively.
There are numerous things from the past that should be kept in mind while taking important decisions
Retirement starts with a vision and comes together with a great plan, there are two ways you can plan your retirement, one is what Dilbert suggests, but if you still think you need an alternate plan go ahead and read the post.
- Start Early,Save more now
Lot of time customers ask me when
Some of the top questions we get from people in our Financial planning sessions are as follow
- Why do i need a retirement plan, i have enough savings
- How much money do I require to live a comfortable life once i retire
- How do i retire as early as possible
- How do i retire at the age of 40
- I save 10K
Retirement is an inevitable truth. This is the period where almost no income will flow into your account with the help of your skills atleast. A careful planning for the money requirements and your life style can really make a lot of difference in the later stages of your life. A good retirement plan goes a long way in deciding on how good your post retirement life will be. Gauging the importance of pension post
So finally you have decided that you want to invest in Mutual Funds in India. You go to internet to try and find the best mutual funds that you should invest in. To your surprise you discover hundreds of fund houses and tons of funds from these fund houses making the process to chose the funds even more complex. The blog discusses the various aspects that you should think of while choosing the
Personal Financial Planning is a an important but yet an ignored and unsaid problem in most part of the world. There are no generic rules that can be applied to arrive at a financial portfolio of an individual since everyone have their own unique goals and risk capability. We talked to various certified financial planners in India and tried to come out with the tips that can come in handy while designing a financial portfolio for an
What is an Emergency Fund
When you create a financial plan for yourself, you try to create a plan which will suffice for all scenarios which means how so ever external circumstances, you are able to respond to situations and are not forced into any sort of financial crisis, For any good financial plan emergency funds is and essential and a foremost component.
Walking down a deserted street, I sensed somebody following me. It was late, very late and I didn’t want to get harmed so I paced up. I was worried, scared and lonely and had zero guts to turn around and see who it was. My head and heart pounded and I felt close to having a stroke. And then he, actually it, popped out from behind, ‘my health insurance’.
A cheesy insurance TVC as it sounded,
It’s all set, decided. The first thing I do on the night of my wedding is write a budget spread sheet with my spouse and then make love with him. Yeah, I mean it.
Money is known to be the biggest reason to cause friction in a marriage. So, the only possible way to ensure monetary harmony in marriage is to vow budgets. As newlyweds you must know the spending behavior of your spouse, their shopping