2020 - a year that'll find its place right inside the history textbooks in the upcoming decades. Unaccountable dreams, fantasies, goals, seems to be washing down the drain. Yes, this sounds dreadful, but the earlier we accept it, the better we could manage the situation and escape from falling...
Have you seen your parents planning family finances? What are your investment plans? When do you plan to start your retirement savings? What is your average family savings? How do you plan your family finance? Insurance agents and financial consultants always start the discussion with these questions. I used...
Many people go without saving a penny for most part of their life. Because, they think they cannot do it or have no idea how to do it or simply don’t have enough money. The fact is, no matter how much you earn or how big your financial responsibilities are,...
Financial management is not a onetime responsibility. It is a continuous process that starts at adulthood and continues till your retirement and beyond as well. The way you manage your finances has a great impact on your retirement savings. According to the National Institute on Retirement Security, nearly 45% of...
Saving some money in the present always guarantees a comfortable future. It is a well-known fact that everyone around the globe understands. The current economic trends barely allow the common man to make their ends meet. In this situation, saving some money from your earnings remains a distant dream....
In the USA, 50% of the marriages end up in divorces. One of the primary reasons for the divorce is financial. Getting married isn’t hard. It’s staying married that is tough especially when you have a very unclear financial understanding. When two people get married they have to share things...
The rising cost of higher education in India doesn't seem like taking a break any soon time soon. In 2017, the market worth of the education sector was around ₹7,08,000 crores. In this, the higher education segment contributed 60%, and school education contributed about 40%, as published by Times...
Financial habits are essential for a stable financial standing. In fact, there is no right time to start such practices. But there are some situations that call for proper habits on an urgent basis. Usually, it’s when you have developed a lifestyle that can inhibit your financial life. Such practices...
Ever heard of the 50/30/20 rule? It’s actually an idea proposed by Massachusetts senator Elizabeth Warren. In her book “All Your Worth: The Ultimate Lifetime Money Plan,” which she co-authored with her daughter Amelia Warren Tyagi, she put forth an excellent proposal to better organize monthly budget. What is it? Here’s a...