We begin our each day with hope for bright future for self and family. We leave our homes for our jobs and other errands not knowing what situations can come up. Certain personal and social situations may or may not affect our families. But few bad financial situations affect us and our families severely. Well planned finances can help us survive tough times. However not everyone is well prepared. It’s always a good idea to do rain check. Let’s see how well prepared are you for following Situations?
1. Supposing you die…?
Let’s begin with the most dreaded and certain event- death. Are your finances tied up to take care of future needs of family? Are you adequately insured? Does your family know details of your all financial, legal and job related documentation? Have you made a will? There are lot many points to ponder upon.
As the bread earner your responsibility doesn’t end with earning money but begins with it. You must not only take care of your family during your life time but e