10 New Year Resolutions For A Financially Secured Future
3. Save some fund for Emergencies
Oh no! My car requires a pricey repair or Not again! My house roofs are leaking, Doctor told me to have a costly medical test. All such situations can arise in any one’s life unexpectedly. Are you ready for such unexpected situations? If yes then well and good but if no then you must always set aside some funds as an emergency saving and use it during the time of need. But often it is found that, most people put these emergency expenses on a credit card. So, to avoid much debt burden, start saving funds for such emergency situations from today. Remember borrowing is not always good.
4. Try to take lesser amount loans
Loans look like a relief for people nowadays, but when it comes to repaying in time, it becomes a pain for them. People usually take loans for their personal use such as education, buying a property, or to buy a car. Education loans can be taken as some banks have an option of paying it back once you get a job, but taking loans for buying a property or a car, you need to be very careful. Buying a property worth 
20-30 lakhs may give you a burden for half of your life; atop if EMI’s are not paid correctly then you might end up paying more interest for the loan that you have taken. Always try to take loans that you think you can repay easily according to your income or else opt for some other sources.
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