Dec 01, 2015 01:25 PM
7217 Views
Money, the word itself explains all the things how it is important and what its role in our life.
From now, Year 2016 is on the way and will enter in our Life. So why not we should boost our Life and use our Money on our-self First.
Basically the following points are mainly important for new-comer who newly joined Job and don't know how to manage the cash-flows and the First basic requirements of their life.
So, this is the time to use our own hard earned money on our-self to Boost our Life in all aspects:
1. A Pure Term Life Insurance Plan::First thing we should know that paying for Life Insurance is not an Investment. Most of us, don't have the knowledge about what is Term Insurance Plan and still we go for our traditional Money back Life Insurance Plan suggested by Agents etc.
But, now a days Insurance Companies are advertising about Term Insurance Plan. Everyone must take this as early as possible according to their requirement.
2. Health Insurance Plan: One query raised in our mind, really we require Health Insurance Plan? Because we think, occasionally we suffered from fever, diseases etc. in a year and cured by some medicines and prescriptions; so why to pay thousands of Rupees to Health Insurance Companies.
So, one thing I am telling you, its OK from the above prospective. Suppose we purchased Health Insurance Plan after paying Few Thousands of Rupees and that year passed smoothly and your Health Insurance Policy not yet used. Second year also the same. But, may be on the Third year you will be affected by some serious Injuries/Diseases, that time it will play the worthiest thing and protect your Hard Earned Money to go to Hospitals, Doctors etc and also covers your thinking(means what we thought 1st & 2nd year passed smoothly without using this policy).
3. Set your Goals: We all know, most of our goals are related directly with money. Set your Goals means think & write it on pen & paper whats your desire and what are the things you what to achieve in your life.
a. Assign your goal/desire on short, medium & long term perspective and assign the approximate how much Money/Amount you need for that.
b. Start saving for your goals either in the form of Saving Account, RD, Mutual Fund, Stock Market etc.
4. Educate Yourself in the Term of Financially: Now a days, it is very important for us that one should update our-self in the term of Financial perspective.
a.There are many no. of Business news channel, showing programmed to upgrade us in the Financial Terms.
Some of them are CNBC Awwaz & ZEE-Business etc.
b. There are so many awesome Financial Blogs available which are educating us Financially. Some of them are sharing here:
The above said News Channels and Financial Blogs will teach you the rest which not discussed here.
So, finally there are many more things we should learn that how to play with Money and how to utilize it smartly to fulfill our Goals/Dreams. Cheers.
