There's much of financial buzz here between Maya & Sonia! So, take your time, and enjoy all the buzz to know more about personal finance.
Basic Investment Acronyms - The first step to financial literacy is to get to know the financial language.
UNDERSTANDING TIME VALUE OF MONEY
3 BUCKET STRATEGY
About Bonds as an investment option.
Do you have required insurance in your financial plan to mitigate unavoidable risks?
Are you shoppinng the stocks from the stock market or are you investing in stocks?
Mama, Papa , my friends are planning to go to Mahabaleshwar for camping this summer break.. I wish to go. I will need some money...
Mama and Papa - Ofcourse you should go.
How much money will you need, have you estimated? A major financial learning starts with this question.
After years,
Beti/Beta - Since pandemic, you guys are stuck inside the house, why don't you go to Manali this summer? Will do the bookings right away and don't worry about expenses, it will be on me (time changes, children gets independent and role reversal starts..) .
Mama/Papa - Arey, we were about to tell you, we are travelling to Europe this summer ..as per our retirement plan ..remember...yes delayed but not dropped. And, everything is taken care, the travel expenses and booking! Don't worry...
But, Its high time your family should take a vacation.. Isn't?
A major realization happens - Financial planning started earlier in life helps to stay self-reliant after retirement.
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