Financial Blunders At Young Age

ParthaWealthFinancial Literacy, Insurance

  • Maintaining extravagant life but investing conservatively.
  • Failing to repay education loan earnestly and delaying it. Priority is to close education loan instead of prolonging it.
  • Going for multiple loans at the same time impacts the ability to repay in time.
  • Paying minimum outstanding credit card amount instead of total dues.
  • Failing to maintain healthy CIBIL credit score.
  • Inadequate insurance covers and not going for proper insurance policy. Pure Term Life Cover and Mediclaim for adequate amount enable to mitigate respective risks financially.
  • Financial literacy for youth helps to minimise financial blunders.