3. Estimation and Strategies

Things might not be the same as they appear to be. Before putting the final dot on your financial planning, you should estimate your net worth properly. This can be started with calculating your savings, insurance and other investments.

After a proper estimation has been done, you should focus on when and how to spend. A few things should be avoided in order to save more. Frequent movies, eating out, excessive shopping, etc. should be reduced to a considerable amount. This will definitely add more thickness to your savings.

4. Avoid Debts

There is no doubt that credit cards have made life easier for us. Credit card allows us to spent, even when we are out of cash.

Well, credits cards are like drugs; the more we use, the more we get addicted. Swapping a credit card is very easy but at times, repaying the bank can become tough for us. This can dig up a huge hole in all our goals.

This scenario must be ignored at any cost. If required, try consulting a financial advisor and take the required measurements.

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