Managing and handling money is not as simple as earning, spending, and saving. There are a few universal principles of money management that must also be followed. Each individual is unique, hence one’s way of handling money may not work for the other. This is where the universal principles become handly. Everyone can follow the…
If personal finance is a thing, it has three legs. The first leg is savings (spending less than earning). The second leg is investment (making money work). The third leg is emergency fund (capital for unplanned events).
If idea is to manage our finances seriously, we’ll resort to experts to handle it for us. But is it correct to be dependent on the external agency for this activity? It is not wrong, but it has its own limitations. The success is dependent on the skill of the allocated personal finance manager. More…
Retirement planning is important. Why? Because this is what is going to give us financial independence after we’ve retired from our jobs/work. The planning will ensure the availability of the required funds when it’s time to retire. In India, the majority of service-class retired people depend on annuities to take care of their cash flow…
These money facts has power to transform peoples lives. They are not just words, but extracts from real life experiences. How these experiences of life became facts, tells a lot about their utility. People who follow these rules will vouch for it the thousand times. These details would only highlight those essential facts about money…
In term of money management, what financial gurus recommend for we common men? In most cases, people do not know what it means by money management? In this article, we will see basic rules which one must follow for effective handling of money. How differently you should manage your personal finance? The way we handle…
