You come into this world and then this thing called life happens. And as your life experiences grow with age, you deal with a lot many changes. Just like your health, your financial health also undergoes transformations when you hit your 20s, 30s and 40s. So here are some stark pointers that are signs of good financial health in these stages of your life.
As you enter the workforce and start earning, there is no limit to your new found financial freedom. The girlfriend gets her gifts. The latest gizmos leave your colleagues impressed, the friends get jealous of your shiny new car and all this leaves worried frowns on your parents’ faces.
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As you get stability at work and home, the financial-planning-for-the-future phase kicks in. The spouse doesn’t get stressed over monthly savings vs. expenditure equation, your kids treat you as their hero, your parents are less anxious seeing your mature financial planning and your CA couldn’t love you more for all your interest in retirement plans and future savings.
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It is all in the bag now. Your spouse is content with the financially secure future you have planned out, your kids are loving it because you are able to provide their needs, your CA is over-worked getting all your future planning ideas into place and your parents are super proud at your financial success.
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So what are you waiting for? Start your financial planning now and take the help of these personal finance calculators.