Simplify your financial Life

Are you stuck and not able to manage your financial life?
Are you earning well but still not able to save or even make good investments?
Are you sick of managing your financials and often pay late fees on cards, phone bills etc.?
Are you someone who wants to simplify and achieve goals to live financially happy?

If any one of the above statements stands true for you…don’t worry at all. All you need is to ensure that you organize your financial life.

Now, the question is HOW?
One must understand that building long term wealth and financial well being is all about being organized and following some rules in life.
If you follow certain set of rules, you will be set to achieve all your goals and be financially well off as well.

Remember you can land yourself into a financial mess even if you earn really well, thus bear in mind that to create wealth its not important how much you earn but how organized you are. And to ensure that you create wealth with whatever you earn here are few steps to follow with your everyday financial instruments.

1. Bank Accounts
• Do not hold more than two accounts.
• Close your salary accounts when you leave the company or get them changed into your new company.
•2. Loans Request your employer to directly credit your salary into your account.
• Ensure your bank’s ATMs are closer to you or give you free access to other ATMs.
• Try to get an auto sweep fixed deposits whenever your account balance is more, as there is nothing better as it will give you more interest.


• All your loans EMI should be less than 40% of your net take home.
• Emi dates should be after your salary credit dates.
• Please try not taking more than 2 personal loans.
• On your Home loans -opt for fixed if you get rates less than 9.25% fixed for entire tenure or opt for floating with low prepayment charges.
• Top on loans is good option rather than going for new banks.

3. Credit Cards
• Do not have more than 3 Credit cards.
• Choose credit cards with offers, discounts in your type of spending i.e., fuel cards for those spend more on fuel or cash rewards for shopping freaks.
• Always try to pay entire due on credit cards and never go revolving as interest rate is as high as 50%.
• If not able to pay entire amount, go for EMIs on card payments.

4. Life Insurance
• Buy not more than 2-3 life insurance policies.
• Understand your need for life Insurance, i.e. Tax saving, Retirement benefits, basic cover etc.
• Understand how much life insurance you need and ensure that you don’t end up buying excessive insurance.
- Those who are above 35 and are earning members should have one term
plan atleast for there family and these plans are as low as 600 per month for
30 lakhs. To Apply for term plan Click Here
- Do not treat life insurance as investment plans.

5. Health Insurance
• Do opt for family insurance cover at least. They come as low as Rs 20 per day for entire family for 3 lakh. To Apply and Compare available Offers Click Here
• Do not change companies as this will affect your existing waive-offs for pre existing disease.
• Ensure your hospital next door is providing cashless health insurance from your company.
If you put your financials in order from the start you can avoid complexities of financial crisis. In case you have not provided right from the start remember it is never too late to put it in order. Just follow and make use of the everyday financial tools provided by www.deal4loans.com and www.bimadeals.com and live financially secured forever.

Basic rules of Financial Life.
1. Ensure you plan your financial goals – For e.g. when will you buy your home, how much you need to save for your children so on and so forth.

2. Ensure you save atleast 25% of your income and invest them in all categories. Keep your portfolio balanced; by investing 30% in Mutual funds, 25% in equities, 25% in fixed deposits and 25% in real estate.
Get your financial planning done by a good certified planner and stick to rules and goals defined by them.

3. Finally remember - Do not spend too much on Credit cards if you are not in position to pay.

Disclaimer: The above information is collected from various sources. Readers are requested to investigate themselves & take legal & professional advice before entering any tie-ups