One of the mistakes most homemakers make while thinking about financial planning is looking at immediate goals, says Amar Pandit.
This rainy season, don't just prepare for storms but also make your finances rain-proof, says Amar Pandit.
A good planner will take the role of a family doctor.
While planning for retirement, the key is to let your money be idle, says Amar Pandit.
Invest early. Plan your taxes.
There is no reason for a child with no dependents to have insurance because insurance is put in place to provide for the child in the event of a parent's untimely death and not the other way around, says Amar Pandit.
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
Also build a contingency fund equal to 9 to 12 months of expenses.
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