There are some basic financial ideas that can seem too complicated to get your head around if seen purely in financial terms. But they are simple enough when seen in terms of daily dealings in money from investing to purchasing. Consider these money matters that most people deal with at some point in their financial lives.
Should you take a loan or pay cash for the car? Should you redeem investments to pay-off the home loan? When you choose to pay for that coveted watch that you cannot afford with your credit card, which you intend paying off over the next couple of years, is that a financially prudent decision?
Are you right in estimating your retirement corpus, taking your current level of expenses as your likely expense in retirement? How much do you set aside for your retirement corpus?
