Tips to strengthen your financial position:-
1. Under any circumstances, at least 12 percent of your income should be invested for the future.
2. For an emergency, deposit capital equal to 6 months income separately.
3. Do not depend on amount borrowed more than your own income.
4. Do not take loan for such things which are going to cost less in future.
5. Monthly payment of house loan amount should never exceed 45 percent of your monthly income.
6. Do not think that nothing bad will ever happen to you, so do not hesitate to get adequate life insurance and health insurance to overcome any disaster.
7. Do not invest your hard-earned money on the basis of hearsay things or on the opinion of a friend.
8. Your age matters a lot at the time of investing, so keep that in mind and invest according to your goals.
9. It is better to leave your money in a fixed deposit than getting duped by someone in a fraud.
10. Your financial status has to be strong for a happy life.
1. Under any circumstances, at least 12 percent of your income should be invested for the future.
2. For an emergency, deposit capital equal to 6 months income separately.
3. Do not depend on amount borrowed more than your own income.
4. Do not take loan for such things which are going to cost less in future.
5. Monthly payment of house loan amount should never exceed 45 percent of your monthly income.
6. Do not think that nothing bad will ever happen to you, so do not hesitate to get adequate life insurance and health insurance to overcome any disaster.
7. Do not invest your hard-earned money on the basis of hearsay things or on the opinion of a friend.
8. Your age matters a lot at the time of investing, so keep that in mind and invest according to your goals.
9. It is better to leave your money in a fixed deposit than getting duped by someone in a fraud.
10. Your financial status has to be strong for a happy life.