Apparently, most people tend to be under-insured. That's because what generally happens is that they get approached by their friendly neighborhood relationship manager, who shows you an amount that looks 'big enough' on maturity or death. You ask how much premium is required, you take a cursory look at your monthly savings and wonder if … Continue reading How to estimate life insurance cover needs?
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How to set financial goals
Step 1: Write down your goals If you haven’t already, it is always advisable to sit down and write down all your financial goals and aspirations. For example: When doing this exercise for yourself, I recommend hand writing these goals. Step 2: Shortlist your goals Once you have an exhaustive list like the one above, … Continue reading How to set financial goals
Flowchart – What to do when you have money to spare?
Getting out of debt
Step 1 - Gather and organize data. You took a loan a couple of years ago and the monthly installment towards the loan are getting auto-debited from your account. You don’t really remember the dates but you think that it will end some time next year. Sounds familiar? This needs to change. The first step … Continue reading Getting out of debt