Outlook Money
Efficient money management prevents wasteful spending, keeps a close eye on your expenses, and budget surpluses and shortfalls.
Create a list of spending heads and investments to give an idea of your budgetary requirements for the present and the future.
Reducing investment risks is desirable, but you should not eliminate your potential high-growth assets to reduce expenses.
Plan your finances strategically. Consider life expectancy, projected returns, inflation, and income to ensure regular cash flows.
In your senior years, you will probably see an increase in medical costs. So, you should get health insurance if you don’t have it yet.
Compiled By Himani Verma