Only 100 days left in 2023: What should you do now to stay in sync with your financial goals?

With the last quarter of this calendar year about to kick off in fewer than two weeks, investors can use the remaining 100 days to review their portfolio and take some calculated decisions so that they breeze into the New Year with an air of optimism

68% insured Indians believe they have adequate life insurance but only 6% have sufficient coverage: Study

SBI Life Insurance unveils “Demystifying the Indian Consumers’ Illusions: 2023”. The report provides an up-close examination of consumer mindsets, particularly against the backdrop of a situation where it is safe to assert that Covid is now firmly in the past.

Your Questions Answered: We are a young couple, what steps can we take to meet all our long-term financial goals?

Riya and Arjun want to know about the steps for financial wellness. Assessing current situation, preparing budget, defining goals, calculating corpus, planning investments, managing risks, monitoring &amp; review, and seeking expert help are some of the key steps towards achieving financial goals.

How to decide the right SIP amount for your financial goals?

Deciding the right SIP amount for your financial goals requires a combination of thoughtful analysis and careful planning. Remember, each individual's financial situation is unique, so tailor your SIP amount to suit your specific needs and aspirations.

How to achieve your financial goals with slow and steady investments?

stocks

Before you dream to settle down in a posh locality in South Mumbai, you must first plan your finances well in advance to help you earn the amount needed to first settle in that place.

15-20% of income in semi-rural and rural household spent on medical expenses; 23% reply on loans and borrowing: Survey

PayNearby study reveals shocking details of money spent on medical treatment and under-penetration of health insurance across semi-rural and rural Indian areas.

Want to invest for your minor child? Here's why a PPF account could make for a good choice

Those looking to invest in their minor child’s name can consider opening a PPF account to benefit from the snowballing effect of continued investments over a 15-year-long tenure.

7 reasons why you should consider having more than one bank savings account

How many bank accounts should you have in your name? Is there any limit to the number of bank accounts you must operate in your name? What are the pros and cons of having more than one savings account?

Does BFSI sector as a theme serve investors’ financial goals?

The BFSI sector as a theme may be enticing but this does not justify relying on this single theme alone to achieve financial goals. Thematic funds are cyclical in nature, which means that investors must not be looking for persistently good returns.

How can “Pay Yourself First” budgeting help you reach your financial goals faster?

Most budgets focus on expense management. But the pay yourself first budgeting prioritises investments towards financial goals. It is a reverse budgeting strategy that first allocates income towards savings and investments, and the remaining money can be used for discretionary expenses.

Top Financial Goals News

personal finance

Only 100 days left in 2023: What should you do now to stay in sync with your financial goals?

personal finance

68% insured Indians believe they have adequate life insurance but only 6% have sufficient coverage: Study

personal finance

Your Questions Answered: We are a young couple, what steps can we take to meet all our long-term financial goals?

personal finance

How to decide the right SIP amount for your financial goals?