It is holiday time of the year again and many would be gearing up for getaways. Among the very new-age types of travelling, backpacking has become a hit. For your 2020 travel goals, follow these backpacking trails across India even as you save money.
It is important for a woman to know her financial rights whether in a marriage or in a live-in relationship to avoid the shorter end of the stick. Over the years, Courts have also defined the rights of a woman financial and otherwise.
If you are facing a financial crisis and explain it to children, they will not only learn how to deal with emergencies but also how to prevent them, without running to you.
During the child’s physical progression from toddler to teenager and adulthood, the emotional weft starts to wear thin due to the increase in financial strain. The financial instruments intended to bind the child to parent serve to sever the ties.
Once your child gets a job, let them invest on their own. Do not do it on their behalf. While buying a house, do not take a joint loan or buy it for them. Let them conduct all the formalities and carry out the actual process of buying on their own.
If your adult child refuses to live separately and stays with you on the plea that he is concerned about your welfare, make sure that he does not depend on you financially. Let him fully finance his lifestyle without dipping into your savings.
It is important to talk to kids about money issues in a way that it does not cause anxiety and provides the skills to deal with crises as adults. If you are struggling on how to tell your children about your current financial problems, here's help.
For retirement, the couple has estimated a need of Rs 4.6 crore in 12 years and can assign their EPF, NPS, stocks and mutual funds. Their other goals include building an emergency corpus, taking a vacation and saving for their son’s wedding.
A headstart in planning gives Pune-based Sadekars a long time horizon despite deferring some goals. Their goals include building an emergency corpus, saving for their future child's education and wedding, buying a car and building a retirement kitty.
A stress test involves subjecting investments to a specific risk to check how it is likely to impact returns. If you can measure the damage, you will know how to counter it during a crisis. Here are 6 stress tests to conduct in different scenarios.
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