Hidden Financial Risks of Everyday Life

By SiliconIndia   |   Monday, October 31, 2011
Print Print Email Email
Bangalore: Risk is often a much talked word when it comes to saving, consuming and investing, or simply life itself. Dealing with money comes with an element of risk. Most of us are very familiar the prominent financial risks that occur when the stock market prices alter, inflation occurs and a sudden financial crisis occur. Many people might be doing all the right things financially, but life happens and with it, unforeseen pitfalls. People are faced with various 'hidden risks' to their personal finances, without necessarily thinking of them as 'risks.' Here is a list of few hidden financial risks of everyday life: Divorce
Hidden Financial Risks of Everyday Life
Most of the couples bring in a disproportionate amount of risks, when they combine their finances after marriage. Getting married has a lot of financial advantages but the undeniable fact also is that finances are the most important aspect of any divorce, and they can be very complex. Putting an end to marriage causes a huge financial loss for the couple. Disagreement about money is a leading cause of divorce, and married couples are often jointly held responsible for debts. And also if you are jointly listed on the mortgage you are still jointly responsible for that debt whether you have separated physically and have no access to the house or not. The risk of losing big time financially in a divorce can be minimized by having a sound prenuptial agreement that clearly defines how each of your assets will be protected or shared in case of any legal separation.

Looking For Loan? Let us Help you !!!
Loan Amount
Annual Income
Preferred banks
Type the characters you see in the picture
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..