10 Biggest Money Mistakes You Often Commit
Money Mistake #8
Not Understanding That A Car Payment Can Affect Other Goals
Owning a car is not an easy thing, it needs to be maintained regularly along with the periodical payment of the insurance.
Many people take car loans to which they cannot afford. Initially, they take heavy loans and promise to repay it on time, but later they realize their mistake.
So, if you have already made the wrong decision of buying an expensive car for which you are not able to repay the loan, then the best option is to sell it off. And you can buy a mid-budget car with the selling money and can repay the loan easily.
Money Mistake #9
Not Having A Will For Your Children
One of the common mistakes most of the parents do is that they don’t prepare a Will in their children’s name. You definitely don’t want your children to suffer in case of your untimely death. So, depending on rules levied by your country make sure that you make a Will in the name of your children to avoid future hurdles.
Money Mistake #10
No Proper Plan To Maintain Finances
It’s always better to paying your monthly debt on time as it will help in increasing your savings amount. And at the same time, if you don’t cut down on your expenses then you will be struck with it constantly and won’t be able to get ahead with life. So, it’s very important to figure out where you want to be in life and to identify how your money can help you get there.
These are the ways NRIs Can Invest in India
