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Insurance is basic form of risk management that provides against the loss of the economic benefits. You can enjoy that from assets. Assets may be physical assets such as building, machinery, or they may be human assets such as employees. There is financial or economic consequences to the risk. Insurance protects against these risks. You…

The value of money does not remain the same at all points of time. The money available at the present time is worth more than the same amount in the future. It has the potential to earn returns (or interest as the case may be). Consider the following options, assuming there is no uncertainty associated…

When available funds are insufficient then we can use debt to finance goals. we earn more than spends. our income is still not enough to fund or buy assets using existing savings. Mortgage Most people cannot buy a house without loan. This is because cost of a house is huge. if people waited till they…

Mutual funds are investment products available to investors through which they can invest in an asset class of their choice such as equity, debt, gold or real estate. Investors who may not want to invest directly in financial markets may instead get exposure to the same securities through a mutual fund.Similarly, investors can diversify their…

Your expertise in personal finance determine its ability to manage it’s current and future needs and expenses. You get money from salary, business or profession or from assets created over time by saving and investing a portion of income. Creating assets to meet future income of household is good idea. If your income is insufficient,…

Personal finance means analyzing various sources of incomes & expenses making sure there’s enough  saving for different goals in future. There’s several factors associated with managing cashflow in person finance. Cash flow is main point of whole personal finance. Time & the amount of income spent as income is critical to maintain that there’s proper…

Are you tired of living from paycheck to paycheck? Do you shop impulsively? Do you have  any control over your expenses? Do you struggle with reaching your financial goals? If it’s you then you need to adopt few habits. Learn the need of personal finance, so you don’t go bankrupt. Before you declare yourself broke…