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Showing posts from July, 2012

Importance of Financial Check Up.

We consult a doctor to find out our illness and take proper treatment.What about your personal finance? Have done Financial check up recently ? If not,start soon.A serious financial health check up will fine tune your savings and investments. because,most people don't realise the problems in their personal finance matters.Financial check up can solve the following issues.
1. Lack of Planning.
      Think,You spend a lot and save les s in a month.Not aware about the right investment options.Investing in fast doubling schemes based on references by friends,relatives or advertisements. If you face this situation,your  savings are scattered,not organised.Here,you have to understand about your current situations and opt  better investments which is regulated by government bodies such as RBI,SEBI or IRDA.
2.Too much schemes.
   You may have various deposit schemes,recurring deposits,insurance plans and mutual funds.Too much diversification is dangerous.It will reduce returns and make persona…

Ten Tips for your Personal finance management.

Personal finance management is an important step for attaining financial freedom.When it fails,you will lose control over mind and life.Research shows that personal finance problems negatively affect even the health and career of an individual.Try to follow these 10 tips for managing your personal finance.

Why you need Personal financial analysis report ?

All Companies prepare balance sheet and cash flow statement for assessing performance.It is manadatory by regulations.Companies operate for making profit and attaining short term and long term organisational goals.Case of an individual is not different from it.How financial analysis will help an individual?

 1. Often, People fail to track their savings,investments and loans.This create a lot of confusions.Tracking personal finance will remove confusions.
2.Managing surplus money is a task.Financial analysis can reveal the risk behaviour of a client.This helps investment planning. 
3.Debt is part of personal finance.Managing debt is crucial for financial freedom.
4.Financial ratios estimate financial stability of an individual.
5.Time horizon for goals must be calculated.

  Getting a Personal financial analysis report is useful for making a family budget and managing cash flow.It improves skills for money management and reduce overspending. So,Personal financial analysis is considered as the…