Most of us feel that we’re entitled to understand everything that insurance has to offer. However, insurance only damages one’s mental clarity; there are countless misconceptions related to it. First, insurance is regarded as a dull topic—then when the time comes to use it, it is suddenly the most important thing in life, and the …
The 80/20 rule as a strategy for budgeting is a great method that cuts the hassle of doing tedious calculations or close tracking for you to manage your finances. Using this method, a person’s earnings can be divided into two categories simply and clearly: 80% of it is used for spending and the remaining 20% …
Money makes the world go around, or so the saying goes. The way we look at or engage with the world is dictated by money. It is something every person dreams about, something that influences the decisions that they make, and let’s face it, it’s something that no one seems to be able to catch …
Let me paint a picture for you. Sudden accidents, freak illnesses, or unforeseen natural calamities. Such situations may arise at the most inconvenient times, and they can often lead to unpredictable consequences. We all know how unpredictable life can be. Apart from our health and well-being, everything else should ideally be under control, and that …
We all invest in insurance with the hope that we will never make use of it and see it as a form of protection. But imagine one day you get to realise that the likelihood of having to utilize that insurance is ripe and could be any day now, be it a fender bender, having …
The harshness of reality can catch up with us at any time, and that’s the time when we realize how important financial stability actually is. It’s easy to see how these metrics are interconnected, but having a single source of income and a decent amount of money saved does not equate to being financially stable. …
It’s no secret that the language of insurance can be challenging to grasp at first, given its use of technical terms and other complex concepts. However, it is necessary for any potential policyholder to understand a few automotive terminologies, as this knowledge helps in making informed decisions. The more a person understands these terms, the …
The term “insurance” is probably the most heard term nowadays as you listen to people talking about policies required for different situations and contracts involved. The term ‘insurance’ definitely sounds important; however, when you start to go through certain specifics, it can get tumultuous as well. But again, don’t fret—you’re not by yourself. At its …
Insurance is an assuring product that can offer us financial compensation and protect us from possible losses. Moreover, it can also save individuals the money that would have been spent out-of-pocket. Although choosing an insurance policy can be a daunting task, these five guidelines can help you find an insurance policy more suited to your …
There are multiple reasons why one might opt to purchase an insurance policy; however, the most relevant is to safeguard oneself from any financial losses that may be a result of accidents or injuries as well as damages incurred on property. A good decision will require you to grasp the idea of the various kinds …