Financial planning is all about knowing where your money is going, and what does it do for you. First, you need to draw a budget. How to draw a simple budget? List down all the places/things/people on which you spend your money. Such as mortgage, rent, education (for yourself, spouse, children, or community welfare), food, … Continue reading Have you ever wondered where is my money gone? Part One
Insurance is all about minimizing the financial consequence of a risk that materializes. Insurance transfer the financial consequence of a loss one suffers to an Insurance company for a relatively small amount of money known as premiums which are paid to the Insurance company. The Insurance company maintains a fund from all the people who … Continue reading Why do we need Insurance?