Life’s uncertainties can create a constant undercurrent of stress. Health emergencies, for instance, can affect economic damage ranging from physical damages to income losses, and that all of these are predicted to cause economic shocks that can threaten your financial security. Insurance is paramount to reducing these anxieties, not only…
Risk management is one of the most important yet least talked about issues in financial management. Even if all of us wish to grow and hold onto our possessions, we must also be aware of all the risks that can endanger our wealth. Considering the level of uncertainty that is…
Life is like a mysterious box, full of people. Not all the people within the box are agreeable or empathisers to help. Medical crisis to unemployment, anything can shatter your financial safety net. Laying a firm financial safety net is essential in order to meet these unknowns with resilience and…
Financial readiness is a cornerstone of stability in a today’s rapidly changing world. Accumulation of a savings buffer enables us to cope with life unexpected events (e.g., diseases and job loss). However, what will be the amount of money you should save for your future? Let’s break it down step…
Life is full of unforeseen expenses—from medical emergencies or work force disruptions to the mishap of an unplanned home repair—these unplanned expense can take the sheen off the best of financial plans. This is where an emergency fund comes in. It’s a financial liquidity valve against insolvency by avoiding interest…
All good financial planning begins by understanding cash flow. Among the most effective tools to gain control over your finances, is to categorize your spending into fixed and variable spending. In fact, this classification not only facilitates budget assessment, but also enables the detection of planning gaps—the latter is unintended…
