Written by Mahendra Singh Bora on April 4th, 2010 in Kumaun.
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Beema King- Fastest growing insurance services firm
In our life we never think once about the financial planning (http://tinyurl.com/yeq3zqf) specially in bachelor life and sometime it becomes a major disadvantage or a mistake in our life. I know lots of people who understand the value of saving after few circumstances and because of some are paying loan last four and five years.
You can plan any short term policy; buy health policy, start pension plan, money back policy all plans to help you to start regular saving. It also helps you in tax saving and @ the time of maturity you will get good and tax free amount.
Like you income is 2, 00,000 a year and tax exemption is 1, 60,000 than you have to pay around 4000/- as a tax. If you invest this 40,000 amount in any saving plan you will get rebate on 4,000 and on maturity you will get approx
I am telling you because I do not want that every one will learn habit of saving to his and her own circumstances and sometime availability of liquidity becomes too difficult. So if you are you are a young person and start a career, this is perfect age to plan your saving because at the age of 35 you save around 5 to 10 lakh as per your saving and I am sure it will help you to improve you lifestyle.
So starts your saving from today and enjoy the life without tension.
For free advise visit http://tinyurl.com/y8ngcay or mail us @ info@beemaking.com
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