Jul 20, 2023
By: Sethuraman SThere's no question that a person's 20s often shape the rest of their lives. From kickstarting careers to starting a family, it's an age where people find their feet in the real world. As far as financial planning goes, there's no better ti...
Most people start their careers in their 20s and often do not quite understand finance despite earning quite well. It's vital to make a conscious effort to learn the basics of finance and managing money. An important starting point is to understand the ni...
Irrespective of how much you earn, it is important to cultivate the habit of budgeting your expenses. Always keep track of your earnings and all your expenses. Make a note of the regular expenses and start budgeting for those at the very start of the month. Th...
The urge to spend all your income is pretty strong in your 20s, and even more so when you just start earning; But, there's no better time to start saving money and creating a buffer for a rainy day. Savings come in many forms including as a form of invest...
The biggest motivation to plan your finances is to set personal goals. We all have personal goals that can range from a dream home, car, vacation, and more and there's no better way to achieve that than through financial planning. Using personal goals to ...
While this might seem like rather straightforward advice, it is important to cover as much as you can in a downpayment and apply the rest for a loan rather than the other way around. The easy option is to always avail the maximum loan and reduce the downpaymen...
Life is unpredictable and it is important to account for that variance. By ensuring you are insured on various fronts including health, home, and life insurance among others, you can always know that there's a safety net out for you. It is also important ...
You might be just starting out on your career but it's imperative to always keep track of your credit score. There's no bigger tool to help you move up the financial ladder than to maintain a higher credit score. If you don't have an existing cr...