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100 FAQ's on Basic Finance

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What are the must know things about family finance?

A few points that you should know about family finance:


  • You should discuss with your family about managing your consolidated monthly income and how much to keep aside for each requirement.
  • Your family members should be covered with the best health insurance plans.
  • If you want to make a big purchase for the family after a few years, then you should start investing in products which have low risk and will also solve your purpose.
  • Appointing a nominee for all your assets will reduce the problems faced by your family in case of your death.
  • It takes discipline and efforts from all the family members to ensure that the financial goals of the family are fulfilled.

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Units 94/101