Before you begin, set up an emergency corpus and buy adequate life and health cover
You need to be discerning enough to be able to protect your best interest
Give priority to retirement savings over children's education or marriage
They are not sacrosanct but will act as safeguards, especially when you are starting out
While a do-it-yourself approach in direct plans will help you save money, there is the risk of making poor investment decisions and suffering loss of capital
Financial planners say that you should ideally plan your investments from the beginning of the financial year
This International Women's Day, resolve to take responsibility for managing your finances
It is always a challenge to have a regular income as well as growth of funds
Couples having to take care of both kids and parents should buy adequate insurance and begin investing for long-term goals at earliest
The financial planning here is markedly different from the kind done for a normal child; make sure you have enough tucked away -- and safely -- for your little one when you're no longer around
Chances of staying true to your goals tend to be high when you do not lose the sight of what you set out to achieve
A joint life insurance plan comes handy and has several features offering benefits of two separate policies in a single plan
Here are some money management steps to follow after your retirement.
Inflation hits your financial plan on multiple counts. It impacts your future cost of living.
By beginning to train your child early, you can inculcate the habit of saving in her
A good portfolio shall comprise of large-cap, mid-cap, small-cap and a few sectoral schemes as well
Varun Shah can afford to buy a house immediately. However, he needs to wait to buy a car
Create a portfolio that can serve you for decades together
Single-income families need to keep more cash than double-income families, while entrepreneurs need to maintain even higher cash levels
They should be able to stop investing and also withdraw money from their investments whenever their cash flows decline