Financial Planning Services - Online Financial Planner

Dear User

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After analysing the survey, we learn that your financial situation requires advisory assistance

Loans and Investments

In terms of loans, Ideally one should not pay more than 30% of one's income as EMIs. Your current payments are in threshold levels. You should try to reduce the burden.
Investments lead the light for a better tomorrow. One should ideally invest more than 30% of income regularly. You have built the habit of investment which you should augment in future.

Savings for Emergency

Theoretically one should have reserves in terms of fixed return investments to sustain atleast 6 months in case of financial emergency such as job loss or hospitalisation. You have some reserves but it is not adequate. You should atleast double the current amount and make it sufficient to serve you at least for 6 months.

Spending

Why should you be cautious while shopping? The mall culture has paved way to "self help shelfs" which persuades us to buy things exceeding our purchase list. This has huge impact over family budgets. Also the new age gadget life too has its pinch over pockets. Its good to be cautious over
Spending more than 70% of your income is not a healthy practice. If so then your investments should fetch high returns to help to lead the same life style even after your retirement.

Parental Care

Why should you be cautious while shopping? The mall culture has paved way to "self help shelfs" which persuades us to buy things exceeding our purchase list. This has huge impact over family budgets. Also the new age gadget life too has its pinch over pockets. Its good to be cautious over

Insurance

Even before starting investing for future one should make sure that he/she has sufficient life cover. A bread winner of the family should ideally have life cover equalling atleast 5 times of his/her annual salary to take care of family expenses in their absence. Through a term plan it will not cost you much to avail this much needed fund. Attach required riders too.
A health cover is even more essential since the current life style exposes one to numerous life style diseases. Medical expenses are running really high these days.

General

Why should you be cautious while shopping? The mall culture has paved way to "self help shelfs" which persuades us to buy things exceeding our purchase list. This has huge impact over family budgets. Also the new age gadget life too has its pinch over pockets. Its good to be cautious over

The above suggestions and comments are derived out of your response to the questionnaire. This is an ameture version of financial health check up which has not considered real investment, income, expense, loans etc for computing the financial position. Financial Planning is a comprehensive means of calculating and interpreting the financial situation of an individual and manage his finances dynamically. www.geojit.com