Elearnmarkets - Financial Market Learning
  • Categories
    • Basic Finance
    • Derivatives
      • Futures
      • Options
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • English
    • Hindi
    • Bengali
No Result
View All Result
  • Courses
  • Webinars
  • Stories
Elearnmarkets - Learn Stock Market, trading, investing for Free
  • Categories
    • Basic Finance
    • Derivatives
      • Futures
      • Options
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • English
    • Hindi
    • Bengali
No Result
View All Result
  • Courses
  • Webinars
  • Stories
Elearnmarkets - Learn Stock Market, trading, investing for Free
No Result
View All Result
Home Financial Planning
Personal Finance Checklist: 8 Things to do NOW 1

Personal Finance Checklist: 8 Things to do NOW

Elearnmarkets by Elearnmarkets
August 21, 2023
in Financial Planning, Personal Wealth, Retirement Planning
Reading Time: 6 mins read
2
1.1k
VIEWS
Share on FacebookShare on XShare on WhatsApp

Listen to this :

Hindi: आप इस लेख को हिंदी में भी पढ़ सकते है|

Bengali: এই ব্লগটি এখানে বাংলায় পড়ুন।

What do you do when you want to reduce and get into better shape?

You join a gym or yoga class and take steps to achieve that target.

Similarly, to improve your financial health you need to take out time to do financial planning and wealth management and follow some steps to improve it.

RelatedPosts

Financial Calendar 2023-2024 - Remember these Important Dates for Tax Planning, Advance Tax Payment, and Investments! 2

Financial Calendar 2023-2024 – Remember these Important Dates for Tax Planning, Advance Tax Payment, and Investments!

September 6, 2023
1.3k
correlation

Understanding the Effect of Correlation on Portfolio Diversification

July 17, 2023
3.1k
7 Smart Strategies for Managing your Finances this Festive Season 3

7 Smart Strategies for Managing your Finances this Festive Season

August 23, 2023
1.7k

To improve your financial health, you need to take out time, dedication and follow the following steps.

To manage your personal finance, you can take help of Kredent Money App

For this we bring to you an Ultimate Personal Finance Checklist:

Below is a personal finance checklist that you can follow:

Personal Finance Checklist:

1. Save for your Retirement

“Preparation for old age should begin not later than one’s teens. A life which is empty of purpose until 65 will not suddenly become filled on retirement.” -Arthur E. Morgan

We have often heard a lot of time from our financial planner or read in other financial blogs to save for our retirement.

But many young people often ignore this advice and start saving at their late 40s and 50s when they start realising that their retirement is approaching and how would they live without earning.

Therefore, you should start saving for your retirement as soon as you enter your 30s or it will be late.

You will not be able to save that much fund that you planned to save for your retirement.

2. Look into Long Term Investments

You should firstly accumulate money in your savings account so that the fund is available for unforeseen emergencies.

After building a reserve for emergency funds, you can start investing in long term investment tools such as stocks, long term bonds etc.

Long term investments will give you the advantage of compounding and generate more returns in the future.

3. Check Credit Score

You probably may not have any credit history until you have completed your education.

But after you have entered your 30s, you may start having a credit history when you start paying your loans.

It’s important to check your credit report for reviewing your credit score.

Watch the video below to know about credit score:

4. Fix Credit Report Errors

After you had reviewed your credit score check if there are any errors or not.

If your credit score is falling, then take steps to improve your financial scores.

It is always better to have a good credit score so that if you ever apply for a loan in the future then you can easily get it from the bank.

5. Make a Budget

Start making a budget which should include all your monthly expenses for keeping track of your finances.

You should keep updating and revising your budget when you incur any kind of expenses.

Personal Finance Checklist: 8 Things to do NOW

6. Build an Emergency Savings Accordingly

In our lives, there may be unforeseen emergencies for which we should be always financial ready.

There may be a sudden car accident or you may have some kind of illness for which a huge amount of funds may be required for its treatment.

For these kinds of emergencies, build an emergency fund with a sufficient amount of funds.

7. Evaluate the need for Life Insurance

If you are only the only earning member in your family, then you should have life insurance.

The reason behind this is if anything happens to you in future then life insurance can provide financial support to your family in future.

8. Search for lower interest rates

For getting low-interest rates you should have a good credit score.

You should first research the banks that give you the lowest interest rate on credit cards and then apply for it

Once you have taken all the above steps for improving your financial health then make a checklist as shown above.

To know more about how to manage your personal finance, watch the video below:

After making your finance checklist, check on the steps that you have taken and then determine your score.

Remember that as your physical health is in your hands, even your financial health is in your health.

So take out time for it and plan it carefully and properly after doing all the research.

Tags: basicbudgetingcredit scorelong term investmentpersonal financeretirement planning
ShareTweetSend
Get Kotak Offer Get Kotak Offer Get Kotak Offer
Previous Post

5 Ways to evaluate Life Insurance Companies

Next Post

Trading with Ichimoku Cloud indicator

Elearnmarkets

Elearnmarkets

Elearnmarkets (ELM) is a complete financial market portal where the market experts have taken the onus to spread financial education. ELM constantly experiments with new education methodologies and technologies to make financial education effective, affordable and accessible to all. You can connect with us on Twitter @elearnmarkets.

Related Posts

Financial Calendar 2023-2024 - Remember these Important Dates for Tax Planning, Advance Tax Payment, and Investments! 4
Financial Planning

Financial Calendar 2023-2024 – Remember these Important Dates for Tax Planning, Advance Tax Payment, and Investments!

September 6, 2023
1.3k
correlation
Financial Planning

Understanding the Effect of Correlation on Portfolio Diversification

July 17, 2023
3.1k
7 Smart Strategies for Managing your Finances this Festive Season 5
Financial Planning

7 Smart Strategies for Managing your Finances this Festive Season

August 23, 2023
1.7k
8 Strategies to Reduce Investment Risks 6
Financial Planning

8 Strategies to Reduce Investment Risks

August 25, 2023
21k

Comments 2

  1. Neeraj kumar says:
    4 years ago

    Ye article mere liye kafi helpful raha

    Reply
    • Sakshi Agarwal says:
      4 years ago

      Hi,

      Thank you for Reading!

      Keep Reading!

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Elearnmarkets Logo

Follow Us

Facebook-f Twitter Instagram Linkedin-in Youtube Telegram

Register on Elearnmarkets

Continue your financial learning by creating your own account on Elearnmarkets.com

Register Free Account

Download App

Playstore logo
Download on app store

Categories

  • Basic Finance
  • Derivatives
  • Financial Planning
  • Fundamental Analysis
  • Technical Analysis
  • Marketshala
  • Miscellaneous

Popular On Elearnmarkets

  • Market Superheroes:
  • Vivek Bajaj
  • Chetan Panchamia
  • Ashish Kyal
  • Premal Parekh
  • Abhijit Paul
  • Jegan
  • Sivakumar Jayachadran
  • Vishal Malkan
  • Jyoti Budhia
  • Vivek Gadodia
  • Vishal Mehta
  • Piyush Chaudhry
  • Santosh Pasi
  • Gomathi Shankar
  • Market Superheroes:
  • Vivek Bajaj
  • Chetan Panchamia
  • Ashish Kyal
  • Premal Parekh
  • Abhijit Paul
  • Jegan
  • Sivakumar Jayachadran
  • Vishal Malkan
  • Jyoti Budhia
  • Vivek Gadodia
  • Vishal Mehta
  • Piyush Chaudhry
  • Santosh Pasi
  • Gomathi Shankar
  • Courses:​
  • Options Trading
  • Dow Theory
  • Momentum Trading
  • Stock Investing
  • Stock Market for Beginners
  • Harmonic Chart Patterns
  • Algo Trading
  • Elliot Wave Theory
  • Advanced Excel
  • Cryptocurrency
  • NSE Certification Course
  • Courses:​
  • Options Trading
  • Dow Theory
  • Momentum Trading
  • Stock Investing
  • Stock Market for Beginners
  • Harmonic Chart Patterns
  • Algo Trading
  • Elliot Wave Theory
  • Advanced Excel
  • Cryptocurrency
  • NSE Certification Course
  • Webinars:
  • Bank Nifty Scalping
  • Intraday Trading Strategies
  • Options Trading Strategies
  • Options selling
  • Price Action
  • Relative Strength
  • Tax Planning
  • Options Buying
  • Growth Stocks
  • Portfolio Management
  • Relative Strength Index
  • Risk Management
  • Renko Charts
  • Crude Oil
  • Traders Psychology
  • Moving Average
  • Multibagger Stocks
  • Webinars:
  • Bank Nifty Scalping
  • Intraday Trading Strategies
  • Options Trading Strategies
  • Options selling
  • Price Action
  • Relative Strength
  • Tax Planning
  • Options Buying
  • Growth Stocks
  • Portfolio Management
  • Relative Strength Index
  • Risk Management
  • Renko Charts
  • Crude Oil
  • Traders Psychology
  • Moving Average
  • Multibagger Stocks
  • Free Learning Modules:
  • Intraday Trading
  • Options Scalping
  • Swing Trading
  • Financial Modelling
  • RSI Indicator
  • Bollinger Bands
  • Pricing of Futures
  • Personal Finance
  • Initial Public Offerings (IPO)
  • Value Investing
  • Technical Indicators
  • Candlesticks
  • Chart Patterns
  • Option Greeks
  • ELSS Funds
  • Banking and Insurance
  • Real Estate
  • Gold
  • Free Learning Modules:
  • Intraday Trading
  • Options Scalping
  • Swing Trading
  • Financial Modelling
  • RSI Indicator
  • Bollinger Bands
  • Pricing of Futures
  • Personal Finance
  • Initial Public Offerings (IPO)
  • Value Investing
  • Technical Indicators
  • Candlesticks
  • Chart Patterns
  • Option Greeks
  • ELSS Funds
  • Banking and Insurance
  • Real Estate
  • Gold
  • Book Summaries:
  • Rich Dad Poor Dad
  • Psychology of Money
  • The Intelligent Investor
  • The Richest Man in Babylon
  • Think and Trade Like a Champion
  • Value Investing and Behavioural Finance
  • Trading in the Zone
  • Learn to Earn
  • Book Summaries:
  • Rich Dad Poor Dad
  • Psychology of Money
  • The Intelligent Investor
  • The Richest Man in Babylon
  • Think and Trade Like a Champion
  • Value Investing and Behavioural Finance
  • Trading in the Zone
  • Learn to Earn
  • Tools:
  • CAGR Calculator
  • SIP Calculator
  • eLearnOptions
  • Future Value Calculator
  • Present Value Calculator
  • Atal Pension Yojana
  • Cost of Delay Calculator
  • Become a Crorepati
  • Tools:
  • CAGR Calculator
  • SIP Calculator
  • eLearnOptions
  • Future Value Calculator
  • Present Value Calculator
  • Atal Pension Yojana
  • Cost of Delay Calculator
  • Become a Crorepati

© 2023 Elearnmarkets. All Rights Reserved

  • Visit Elearnmarkets
  • Courses
  • Webinars
  • Financial Guides
  • Get Free Counselling
  • Visit Elearnmarkets
  • Courses
  • Webinars
  • Financial Guides
  • Get Free Counselling

Get Elearnmarkets App

No Result
View All Result
  • Article Categories
    • Basic Finance
    • Derivatives
    • Financial Planning
    • Fundamental Analysis
    • Technical Analysis
    • Marketshala
    • Miscellaneous
  • Language
    • Hindi
    • Bengali
    • English
  • Courses
  • Webinars
  • Stories

© 2020 Elearnmarkets All Rights Reserved

Guide to Basics of Stock Investing
Learn to interpret the financial performance and health of a company.
Download Now
Guidebook on Savings and Investment
A comprehensive guide book to start your investment journey
Download Now
View Webinar Details