Whether it's an unforeseen medical expense, home repair or unemployment, you never know when an emergency will strike. Put aside at least six months (and preferably more) of funds in a separate savings account to save for a rainy day. Even if you can't do this now, save as much as you can each month.

Whether it's an unforeseen medical expense, home repair or unemployment, you never know when an emergency will strike. Put aside at least six months (and preferably more) of funds in a separate savings account to save for a rainy day. Even if you can't do this now, save as much as you can each month.

If you have no credit card debt, it's not necessarily a bad thing to have multiple credit cards. More credit can help improve your credit utilization, which is how much credit you spend relative to the amount of credit you have. The lower your credit utilization, the better.

If you have no credit card debt, it's not necessarily a bad thing to have multiple credit cards. More credit can help improve your credit utilization, which is how much credit you spend relative to the amount of credit you have. The lower your credit utilization, the better.

If you think you might miss a payment or make a late payment, try to contact your lender in advance to alert them of your situation. You may be able to develop an alternative payment plan before your credit score is adversely impacted.

If you think you might miss a payment or make a late payment, try to contact your lender in advance to alert them of your situation. You may be able to develop an alternative payment plan before your credit score is adversely impacted.

Even if you haven't taken an accounting class, remember this: assets (what you own) and liabilities (what you owe) appear on the balance sheet. They are different than expenses, which appear on an income statement. Debt is not necessarily a bad thing. If you borrow debt to acquire an asset, it can be a good thing. Think: borrowing a mortgage to buy a house that will appreciate in value over time.

Even if you haven't taken an accounting class, remember this: assets (what you own) and liabilities (what you owe) appear on the balance sheet. They are different than expenses, which appear on an income statement. Debt is not necessarily a bad thing. If you borrow debt to acquire an asset, it can be a good thing. Think: borrowing a mortgage to buy a house that will appreciate in value over time.

Inflation can erode your money and decrease your purchasing power. Focus on investment opportunities that offer a financial return that exceeds the inflation rate.

Inflation can erode your money and decrease your purchasing power. Focus on investment opportunities that offer a financial return that exceeds the inflation rate.

Diversification is a risk management strategy that involves spreading your investments across different assets, industries, or geographical areas. It helps to reduce the impact of a single investment's performance on your overall portfolio.

Diversification is a risk management strategy that involves spreading your investments across different assets, industries, or geographical areas. It helps to reduce the impact of a single investment's performance on your overall portfolio.

Inflation is the sustained increase in the general price level of goods and services over time. It erodes the purchasing power of money, meaning that a given amount of money buys fewer goods and services.

Inflation is the sustained increase in the general price level of goods and services over time. It erodes the purchasing power of money, meaning that a given amount of money buys fewer goods and services.

A mutual fund is an investment vehicle that pools money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. Investors own shares of the mutual fund proportionate to their investment amount.

A mutual fund is an investment vehicle that pools money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. Investors own shares of the mutual fund proportionate to their investment amount.

Stocks, also known as shares or equity, represent ownership in a company. When you own stocks, you become a shareholder and have the potential to benefit from the company's profits and growth. On the other hand, bonds are debt instruments issued by companies or governments to raise capital. Bondholders lend money to the issuer and receive periodic interest payments and the return of the principal amount upon maturity.

Stocks, also known as shares or equity, represent ownership in a company. When you own stocks, you become a shareholder and have the potential to benefit from the company's profits and growth. On the other hand, bonds are debt instruments issued by companies or governments to raise capital. Bondholders lend money to the issuer and receive periodic interest payments and the return of the principal amount upon maturity.

Auto insurance primarily provides coverage for personal liability arising from injuries to others or damage to their property in an accident. It may also include coverage for damage to the insured vehicle caused by accidents, theft, or other covered events, subject to policy terms and limits.

Auto insurance primarily provides coverage for personal liability arising from injuries to others or damage to their property in an accident. It may also include coverage for damage to the insured vehicle caused by accidents, theft, or other covered events, subject to policy terms and limits.

Last year, National Centre for Financial Education did a survey which says that only 27% of Indians are financially literate. It means that we have a long distance to travel and that puts a lot of responsibility on all the institutions including exchanges and SEBI that how best we take the message of financial literacy across the country

Last year, National Centre for Financial Education did a survey which says that only 27% of Indians are financially literate. It means that we have a long distance to travel and that puts a lot of responsibility on all the institutions including exchanges and SEBI that how best we take the message of financial literacy across the country

Fill in the following information to help you in a personalised way