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Tips to Manage Your Personal Finances Effectively

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  ‘Personal Financial Planning’ refers to a plan that helps manage your present financial needs and plan to meet your future goals. You must take control on your finances guided by thumb rules. Managing your finances involves follow budgeting and saving money, making investments, avoiding and pay-back debt, maintaining emergency fund and much more. Browse More Articles:   Personal Finance and  Investments Decisions Money Management Tips to Plan Your Finances Assess Your Financial Situation When it comes to planning your finances, you first need to evaluate your financial standing. Enlist your savings, assets, properties, and liabilities. Check how much assets you have, identify financial goals, create a customized financial planning, make investments and plan finances (as per your financial planning) that helps fulfil your goals. Achieve More Savings Make savings are extremely vital to achieve future goals. After establishing goals in life, you need to save appropriately to
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Top Investment Options in India

  To have a comfortable financial future, you need to plan for it. You always need to keep yourself prepared against any economic fallout such as coronavirus pandemic. Thus, you must plan to plan and start investing that serves as a helping hand during the tough times in life. Why You Should Invest? You must start investing, as it helps meet the financial obligations for your various short & long-term goals. Those who can continue investing even during the times of financial emergency, must have done well to meet their financial goals. Investing help to fund your financial goals such as children’s education & their marriage, buying or constructing a new home, retirement planning, etc. If you are looking to achieve all your goals, it’s wise to go with a proper financial planning . With the right financial plan, you can kick-start your investing activity that further helps grow your wealth. In case, you have recently sold your valuable assets such as home or jewellery, yo
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Why you Must Have a Term Insurance Plan?

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Life is uncertain and you never know what the future holds for you. You always want to ensure that your family remains financially secured, even when you are not around. In the tough times of life, your family must be ready to fight against uncertainties and to tackle this scenario, you need to make sure your family has the robust financial security. Having Term Insurance works best for you. Term Insurance – What It Covers? Term Insurance provides financial stability to your family & loved ones. In the event of your unfortunate demise during the policy term, the life insurer will immediately pay the entire life cover amount (as a lumpsum or installments, depending the option chosen) to your nominee/ beneficiary. In your term insurance, you must pick a life cover that can cover your family’s recurring expenses such as household expenses, paying bills, etc. Also, it should be able to meet your family’s future financial obligations such as children’s education & their marriage, fi
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