Financial Tips

Financial Tips

Whether it is a Home Loan, Personal Loan or Car Loan, the interest rate, loan amount, tenure, processing fee, prepayment fee etc, all play important roles in impacting your monthly finance status. Use these Financial Tips to get a clearer understanding on
  • 1 Do Savings- No matter how much you earn, make sure you save a certain amount irrespective of the purpose. You never know when the rainy days come.
  • 2 Invest your Savings- Whatever you save Invest the same in a basket of saving options (Mutual Funds, Fixed Deposits, SIP, etc.) so that the risk comes considerably down.
  • 3 Get Insured- Taking precautions is a great step to secure yourself from mishaps but Insurance always keeps you one step ahead irrespective of its type.
  • 4 Numbers don’t lie- Always take a look at you Balance Sheet/ Pass Book every once in a while and roughly keep an eye on where the larger part of money is flowing.
  • 5 Always have a Nominee- A nominee isn’t only for adverse circumstances but they are there for the continuity of the dream, the purpose you envisaged through your financial instruments. Make sure you always have one with correct details filled.
  • 6 Give you checking account a check up- Bank overdraft protection fees can catch you by surprise – and they add up quickly
  • 7 Build a healthy budget - Plan for your future – Save and Invest