Sunil Chugh Financial Planner

People usually feel that they are not making enough advancement towards their financial goals. There is a simple solution for that. Make a financial plan & stick to it. Here are some financial planning DOs and DONTs to get started: Decide your need & set money goals accordingly:   Before making a financial plan, you should be clear about your goals. Put together a list of all the things that you presently use your cash on & all of those that you would like to spend your cash on. As soon as you have a clear goal it will be much easier to summarize the steps to enjoy a great financial future ahead. Don’t put your wants before your needs: Yes, you have the luxury to spend your hard-earned money on holiday & designer clothing, but at the same-time, you also need to be practical regarding what you wish vs. what you need. Ensure you have a balanced financial plan for this purpose. Categorize your wants & needs as per the order in which you value them. This will ass

Many congratulations as you are going to tie the knot! You have booked the church, ordered the flowers, hired a caterer and have organized everything else needed for your big day. Now what? Have you discussed the financial consideration? Before you take a walk to the altar, ensure to go through this financial checklist: Understand your partner’s financial history:   Once you get wedded, individual debts become joint debts. Know about your spouse’s financial history & what debts she already has. Your spouse’s debts may become your accountability once you’re married. Before getting married, have an open discussion about your spouse’s financial obligations that determine the potential impact that it could have in future.  Credit score:   Credit scores are critical both for you and your spouse, especially if you’re planning to take a large loan, such as a mortgage. Before getting married try to take off any negative items & incorrect info from both of your credit sc