Category: Financial Planning

Personal Accident Cover: Why You Need It and How It Can Protect You from Financial Burdens

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Personal Accident Cover: Why You Need It and How It Can Protect You from Financial Burdens

Like all of us, Nihar had so many dreams. But he dreamt not just about himself. He dreamt of seeing his loved ones happy, safe, and secure forever. Alas, all his dreams came crashing down when he met with a road accident a year ago. He lost his job. Now, Nihar has used up all his health insurance coverage and bank balance. He can no longer provide the best of everything to his loved ones. The smile on their faces is no longer there. “If only I had a personal accident cover,” – is what Nihar says to himself these …

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The Retirement Planning Secrets No One Tells You About

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The Retirement Planning Secrets No One Tells You About

Retirement is a significant milestone in life that many people look forward to. However, it can also be a source of stress and uncertainty if you’re not prepared for it. That’s why it’s essential to know the retirement secrets that can help you make the most of your golden years. In this blog post, we will discuss the top five retirement secrets that you aren’t supposed to know about. Retirement can be a stressful and uncertain time if you’re not prepared for it. Knowing these retirement secrets, you can be better prepared for your golden years. Thank you for taking …

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Holiday Planning Is All About Planning Your Cash Flow Wisely

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Holiday Planning Is All About Planning Your Cash Flow Wisely

Life is all about experiences, whether good or bad, and traveling experiences are usually the good ones; at times, adventurous too! If you are a person who believes traveling is therapeutic and can help you rejuvenate, then this article is for you. Whether you are traveling solo or with your family or friends, planning your holidays is important to avoid last-minute mess. While most people love to travel, not all can do it that frequently because the money often becomes a constraint – when not planned properly. Therefore, it is important to plan your cash flows well in advance so …

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Education Loans: A Smart Investment or a Debt Trap?

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Education Loans: A Smart Investment or a Debt Trap?

Pursuing higher education is expensive, and education loans have become a popular way to finance it. However, it is essential to consider the pros and cons of taking an education loan before deciding. In this blog, we will discuss the advantages and disadvantages of education loans and help you decide if it’s the right choice for you. What is an Education Loan? An education loan is a type of loan that helps students finance their education expenses, including tuition fees, accommodation, books, and other related expenses. Education loans can be availed from various financial institutions, including banks, NBFCs, and the …

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Where should you park your emergency fund?

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Where should you park your emergency fund?

When you plan your goals or lay out your financial plan, it is essential that you consider the place for an emergency fund in it. Unexpected expenses and job losses can put severe pressure on your existing budget, which can be avoided by having a “Plan B” in place as we learned in this blog. Although we discussed what an emergency fund is and its need, the important question remained as to where one should park it. Where Is The Safest Place To Invest Emergency Fund? When parking and emergency fund you should keep in mind that the returns are secondary. …

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Don’t Leave Your Child’s Education to Chance: A Guide to Planning and Investing

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Don't Leave Your Child's Education to Chance: A Guide to Planning and Investing

Every parent wants to give their child the best start in life; a solid education is a fundamental part of that. Planning for a child’s education can be overwhelming and confusing, with many options and decisions to make. And financing is a very crucial part of the various decisions you are likely to make as your child grows up. In this blog, we’ll explore the importance of education planning, how you can plan for your child’s education, and the various vehicles available to help you fund it. The importance of planning Some crucial points on why planning your child’s education …

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The 3 most important decisions you can make for your finances in 2023

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The 3 most important decisions you can make for your finances in 2023

A lot of things can be on your mind on the eve of the New Year. Thank the internet and the media for flooding hundreds of things you can change and resolutions you can take. It can surely be motivating. To keep things simple and not overburden your mind, we have decided to list just three simple things you can do better about your finance. Yes, just three simple things to start with and make a material change in your financial life. Check your liquidity: How you will handle a financial emergency can say a lot about your financial fitness. …

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5 Terms You Must Know About Your Health Insurance

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5 Terms You Must Know About Your Health Insurance

Health insurance is the basic foundation of a sound financial plan. A health insurance policy can help you cover the costs of medical surgeries, expenses, and other procedures. With a comprehensive health policy in place, your overall planning can largely stay unaffected as unexpected medical bills can be covered or reimbursed by health policies. With the rising medical inflation, the cost of surgeries and procedures in India is rising. Hence, health coverage is a necessary step you should be taking toward your finances. Moreover, buying a policy isn’t sufficient if you do not give the time to understand it. Knowing …

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When should one buy a life cover?

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When should one buy a life cover?

Have you bought life insurance yet? If yes, that sounds wonderful. You have made the best decision of your life. But why did you get it? Did you buy the policy because you were told it is the best thing one should do or something one should get early? Or was it the tax savings part that persuaded you? If not any of them, was it the “returns”? I hope your decision was not based on “returns” or tax savings. Life insurance is not and shouldn’t be bought for those reasons ever. In this piece, we shall see why you …

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Three Investment Tips for Young People

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Three Investment Tips for Young People

With the increasing reach and volume of information readily available online, it isn’t very hard for youngsters to keep pace with the various investment opportunities available in the market. And even with the uninitiated, a general awareness of the benefits of investing or keeping a part of income aside is likely to be found. Investment Guide For Young People Contrary to popular belief, investing isn’t just about how many times you multiply your wealth or the colossal returns you are able to generate. Those are important considerations for any investor, but your investing experience is most likely to improve if you invest …

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