BEST FINANCE RELATED DECISIONS TO BE MADE WHILE YOUNG

after a year. On the other hand you are married and a father to a child. Both
the situation requires insurance coverage. True. But don't you think that going
for a Life Insurance will be a much better decision than insuring your phone?
Yes, you can replace your Smartphone but none can replace the financial
imbalance that your wife and child will face in your absence.
3. Build Emergency Amount:
It is a blunder to solely go for life or health insurance without building an
extra amount for the stormy days. Insurance will never cover all sorts of
problem that an individual might come across. Things are generally under
control until the time you are under the wings of your parents. But the
question is what about facing emergencies and crisis once you move out of
your comfort zones? For this reason, you ought to start saving an extra
amount.
4. Investing On House:
Though it might sound traditional, investing for a new home, holds equal
importance today as well, when it comes to making important finance related
decision. Actually a number of factors such as your salary, career experience
years, rental prices, ongoing home loan interest rates etc depends majorly
while going for such choice. Even then, if your career centers around one
particular city, then it is better to plan for a house as soon as possible, rather
than wasting the years by paying rent.
5. A Grip On Taxes:
Income tax calculation is something to comprehend way before you get your
first paycheck. It is so important because the package that your employer will
offer should not sound too trifle once the tax amount is deducted. You ought
to check out that your salary should be enough to cover up your expenses as
well as saving, even after the tax amount is cut.
6. Savings for Retirement:
Just like the way, you were prepared from kindergarten to be a part of high
school and then university, in the similar manner you need to start saving for