When you’re looking to invest in life insurance, you may find yourself a little overwhelmed. There are lots of terms that you may want explained and questions you may want to ask. Most term insurance plans are more affordable and offer peace of mind while still allowing for flexibility. Here are some answers that can help you with your insurance decision.
I had shared my below mentioned thoughts on 25th July, 2019 but never wanted to become true....unfortunately, it is a reality within 9 months. Let us go through the old message of my past post once, before we proceed: "I personally sense that we are going to face hard times ahead, a sort of slow down & recession....Cut down all your expenses drastically.Survive only on basic mode. Postpone or drop all your WANTS and spend only on UTMOST NEEDS. Outing, Movies, Shopping, Dining / Drinking, Bday/Anniversary Parties, Get-together meets - ALL these can wait. Stay light, stay tight... Survival should be your utmost priority now."
The popularity of personal loans has been changing the scenario of the Indian lending market. As per stats released by the Reserve Bank of India, personal loans accounted for as much as 96% of non-food credits in the year 2018.
For a common person in India who is salaried, lives in an urban area on rent, it is hard to get a loan without any credit. Especially in situations where the money is required to meet any personal need or an emergency, a common man is not expected to get the loan from banks or financial institutions without any collateral. However, with the popularity of personal loans increasing each day, this fact is quickly turning into a myth.
According to reports from last year, the end of the previous year recorded 44.2 million active credit cards in circulation across India. The original spike in credit card users began after demonetisation in India when high-value currency notes were temporarily unavailable. With a rise in the number of credit card users, different types of credit cards were also introduced by the financial institutions.
Creating a balance between what you earn and what you invest is not as easy as it may sound. Many people think they are good at managing their investment decisions. However, they often end up over-spending on things they do not need and fall into a debt they can’t easily pay.
Most of the people consider financial planning as an old man’s game. However, a rupee invested today would be more than a rupee invested tomorrow, and therefore, the sooner the one starts investing, the greater the benefits are available. It’s never too early to start a financial planning.