Category: Personal Finance
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Personal Insurance FAQs
Personal Insurance FAQs Personal insurance is designed to protect you and your loved ones from the financial consequences of death or disability. They reduce the impact of risk on your financial lifestyle. They, therefore, form an important part of most financial plans. Here’s a brief overview of what they are and how they work. 1. …
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Is your retirement on FIRE?
Is your retirement on FIRE? FIRE… Financial Independence, Retire Early. Sounds nice, doesn’t it? It’s easy to see why the FIRE movement is burning hot across the younger generations. The notions of financial independence and early retirement are surely appealing to the majority. But as with most good things, it comes at a price, and…
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8 tips to save money on your bills
8 tips to save money on your bills We work hard to earn our income and even harder to save it to achieve our dreams. Even a few dollars saved on different types of bills over the years can compound into something meaningful. Let’s go through some of the ways that can help achieve these…
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Life Insurance Bonds
Life Insurance Bonds Overview A bond, issued either as a life insurance or friendly society bond, is a simple investment structure used by single high-income earners or couples where both individuals are on a high marginal tax rate. Insurance bonds can also be a tax-effective and convenient way to set aside money for children. The…
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What could a recession mean for me?
What could a recession mean for me? More than just a buzzword thrown around by the media, a recession represents a significant decline in economic activity that can span months, even years. Think of it as the winter of the economic cycle – it can be cold, challenging, but it is not permanent. A recession…
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