What may work for your co-worker may not necessarily work for you. If you are looking to focus on your money life in 2020 and wondering of all the options out there, read on
Make changes where required so that your investment and insurance portfolio are equipped to meet the rigours that 2020 may have to offer
It would be best for both of you if you can complete the distribution of assets amongst yourselves amicably, says financial planner Kartik Jhaveri
If your children live abroad, rely more on financial assets as they are easier to liquidate and move across borders
If you do not understand financial management, then you must hire a financial advisor
Proper financial planning can be done only by having a mix of asset classes
Many would have racked up debt this Diwali, using credit cards and consumer loans
The cost of buying a new AC, doing up your house or planning a vacation is spread out over the entire year instead of hitting your budget hard in one month
Equity and debt mutual funds, NPS, EPF and PPF are some of the key instruments you should use to build your retirement corpus
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