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Special needs children can present exceptional challenges for parents. One being, ensuring your child is financially secure and looked after you have left. As any parent knows it can be both rewarding and challenging to raise a family. Nevertheless, caring for a child with such needs requires a devotional degree and commitment that can be overwhelming at times. Parents may feel frustrated and alone as they seek information, understanding and the help they desperately need. Life insurance is one of the most stunning financial instruments available to you and your family. By far, life insurance is the best way to turn pennies into dollars when your loved ones are most in need of it. If you buy a term life policy or a full life policy, getting life insurance that is in place when you die is the secret to providing your family with financial security. How does a child with special needs use life insurance? Once that life insurance is acquired, the next step is to create a Speci...

Women today are more socially motivated and work hand in hand with their husbands to meet their needs and give their children a better future. Over two-thirds of India’s women are family breadwinners or co-breadwinners. But they are able to let the men in the family take over when it comes to their financial planning. Unfortunately, as far as the house ladies are concerned, the attitude towards money is still pretty much the same as it was decades ago. Working women need to know that if they share all other family responsibilities, they also need to come up with some smart financial planning that can help them protect their lives against uncertainties that can affect their financial status. In all facets of life, women have broken barriers-whether it’s the glass ceiling in the corporate world or international records in various sectors. In terms of investment, however, women in India have been rather hesitant to deviate from conventional forms of investment such as gold and bank...

Having a good credit score is key to quick and easy lending. The first thing a lender can test, when you apply for a loan, is your credit score. If you have a good credit score (this is considered a good CIBIL Transunion score of over 750) your loan application will go for further processing.  But if your loan score is downside down, your loan application will be rejected outright. Hence, having a good credit score is very necessary. Also, note that you can’t build a good credit score overnight as it’s based on your credit history measured. Here are some of the factors that affect our credit score. Irresponsible Payment Behaviour: Your payment history affects your ratings the most. Paying your credit-card bills and loaning EMIs on time every month is critical. 30-day delinquency can reduce your score by 100 points according to a CIBIL analysis (reported by the Financial Express). If you have multiple credit cards as well as loans, it is advisable to set up reminders ...

For our body’s overall growth and health, we need to eat a balanced diet. To keep yourself healthy and fit, our body needs different nutrients and one type of food can not provide all the nutrients it needs. Therefore, to sustain our body we have to eat different kinds of food in the right proportion. Each nutrient has a unique role to play in our body’s wellbeing (e.g. carbohydrates give us instant energy while proteins help in tissue growth and repair). Similarly, to ensure our financial wellbeing we need a balanced investment portfolio in life. We need a mix of different kinds of assets within the portfolio that play different roles, like the different nutrients in our diet. For financial security and prosperity, one should invest in various types of assets such as equities, fixed income, gold, and real estate. Individual investors can find it hard to directly invest in certain asset classes such as fixed income, which includes bonds and money market instruments. Alternatively...