Let’s understand human needs in today’s world.
Now, human lives longer than before due to medical advancement and treatments
given to all sorts of health problems. So, there is a need to have money for
such lengthy life for both survival and lead a good life with at least moderate
standard of living.
In such a lengthy
life we must have money which beats inflation and provides enough to lead a
decent living.
There are always uncertainties
like death, possible disability, which may put dependents and self in a situation
where income stops and worry starts and life becomes painful.
As per my observation there are mainly 2 types of expenses
in a broader classification.
1. Regular monthly expense to survive with decent standard
of living.
2. Bulk expense in many stages of life which are
inevitable and needs big savings.
1. Regular expense can be listed as below as an example.
These are needed for survival
A. Monthly Grocery
B. Vegetables/Fruits
C. Petrol/Diesel
D. Mobile/Landline/Internet
E. Servant salary
F. Milk
G. Electricity/Water
H. Gas Cylinder
I. Cable TV
J. Ironing
K. News paper…..etc
2. Bulk expense may as below for any responsible
person which demands bigger amount money.
A. Marriage
B. Lease/Rent a home
C. Set up home
D. Buy a car/Two wheeler
E. Build/Buy a house
F. Children’s education
G. Children’s marriage
H. Savings for retirements
I. Emergency Health care ….etc
Providing regular monthly needs to all the members of family keeping
their needs, entertainment, desires, ambitions, it is a bit challenging due to
cost of living of all above. so, savings
also becomes challenging for future bulk expense like marriage, buying/building
house, buying car, children’s education, marriage, retirement, medical emergency
etc.
"These situations put necessity to have
financial plan for such lengthy list of unavoidable life events and expenses to
be able to manage them efficiently. Otherwise they become burden with more pain by opting for loans
with interest to pay"
Keeping all above in mind I have
experienced that LIC of India provides unbelievable and most exciting plans and
combination to cater all above needs, Its highly recommended to start planning
early in life as money need time to grow.
Don’t ignore
and keep postponing which may cost you a lot like money, peace of mind and
financial security.
Call us for appointment to plan right today and cater your
needs so that you and your family live with peace of mind.
Call us @ 9901422522, Bengaluru. Mail id: Swetha.Tejasvi@gmail.com