Why the 30's are the best time to lay a solid foundation for securing your finances
The financial decisions that are made during this decade (in your 30s), have a big impact on how the rest of your financial life will be. More so because, in the 30s, you have the benefit of time that an older person does not. You can use the time to your advantage if you play your financial cards right in this decade. So here are few points to consider if you are somewhere between your 30s and 40s. Upgrade/Adjust Insurance policies: As simple as this may sound, it is critical. Find out what the right life insurance cover is for you and then have it in place as soon as possible. Don't just buy random covers of Rs 5-10 lakh through traditional insurance plans. Stick to term plans and calculate the right cover. Do not just depend on your employer for health coverage. Buy a family floater for yourself too. Buffer for Emergencies: Do you have funds set aside for at least six months' worth of expenses of your family? If not, try to do something...