The Latest Blogs on Financial Goals | Investing Insights

Investing Insights

Financial Planning for Single Women: Strategies for Long-Term Security

In today's world, not everyone prefers to get married and start a family. Some individuals, men as well as women, choose to stay single. They like to have a fulfilling career, focus on their passion like travel and go solo about it. In this article, we will understand how single women can do their financial planning and create long-term security for themselves.

Street signs labeled Financial and Independence symbolizing the path to achieving financial freedom

What Is Financial Independence and How to Achieve It?

On 15th August, we celebrate Independence Day. We celebrate the spirit of freedom that gives us the right to live a life the way we want to. Have you thought about financial freedom in a similar way? When you achieve financial independence, it gives you more control over your time and further live a life the way you want to. In this article, we will discuss what financial independence is, its benefits, and how to achieve it.

Woman checking wallet and bills to identify financial leakages and improve savings for investment goals

Plugging Financial Leakages to Save Money for Investing Towards Financial Goals

Ajay had a salary account with a bank. He had to open another salary account with another bank after changing his job. As the earlier bank account was a zero-balance account, Ajay maintained some balance and forgot about it. With no salary credit for a few months, the bank changed the account status to a regular savings account. The minimum average balance (MAB) non-maintenance charges were levied as the balance maintained was lower than the required minimum balance.

How to Create a Fund for Your Child’s Marriage Goal

Recently, in July 2024, Jefferies released a report on the Indian wedding industry. As per the report, the Indian wedding industry is valued at USD 130 billion, making it the second largest in the world after China at USD 170 billion.

Close-up of a hand selecting the “Long-Term” option from an investment horizon panel, representing the importance of aligning financial strategies with long-term goals through customized planning.

Does Long-Term Investing Reduce the Risk of Negative or Low Returns?

One of Warren Buffett's famous quotes mentions that the first rule of investing is to never lose money, and the second rule is to never forget the first rule. Warren Buffett has made a fortune from stock market investments. However, stock markets can be volatile in the short term and can lead to losses during big falls in reaction to certain event/s. However, in the long term, markets always recover the earlier losses and go on to make new highs. So, how long should long-term investing be to reduce the risk of negative or low returns? Let us discuss.

Categorise Financial Goals Into Short, Medium and Long-Term Goals, Prioritise and Achieve Them

In the case of many people, they have a long list of financial goals, and limited financial resources to achieve them. In such a scenario, they can prioritise financial goals based on the time horizon to achieve them. In this article, we will understand how you can categorise your financial goals into short, medium and long-term goals and how to prioritise and achieve them.

Multiple road signs with arrows pointing in different directions appear along a winding highway, with one prominent sign labeled

5 Tips to use Mutual Funds for your Financial Goals

All of us have Financial Goals. Some may be aspirational, such as buying a new card or upgrading our home. Others may be uncompromisable – such as a child’s education, or building up a nest egg before we finally hang up our work boots. Regardless of the kind of goals at hand, they all require advance planning and structured, disciplined saving in order to reach fruition.

A student places books into a red backpack, with school supplies and headphones nearby—symbolizing a focus on education. This represents Indian fathers prioritizing their daughters' education over early marriage.

Indian Fathers Prioritize Daughters' Education Over Early Marriage as Per FinEdge Study

At 30, the highest priority goal for fathers is to buy a home (26%), with only 6% of them actively planning for their children's futures at this stage. Only 1 in 5 respondents prioritize their retirement over their child's education; proclivity for retirement planning is slightly more pronounced in the south zone

Are You Saving Enough For Your Child’s Education?

Working with a financial planner to save for your child’s education is one of the most important things you can do as a parent. It can be difficult to decide how much you should be saving and where to put your money, but it’s essential to have a solid child education plan in place Here we look at the importance of saving for your child’s education, how to go about it, and what to consider when planning for their future.

Multiple hands gently cupping a pile of gold coins from which a tree with a globe-shaped canopy is growing, symbolizing saving and nurturing wealth for future goals like a child's wedding.

How To Calculate And How Much To Save For Your Child's Wedding

Planning for your child’s wedding is a significant financial goal for many Indian parents. With strategic investment planning and the power of compounding, you can systematically build a wedding fund without financial strain. This guide will help you determine how much to save and how a SIP return calculator can simplify the process.

How to safeguard your Child’s Education Goal

Providing a top-class education to our kids generally ranks at the top of the list when it comes to financial goals. And why not? In today’s hypercompetitive professional environment, a quality degree can provide your kids with a vital edge to get ahead. The problem – a good education typically doesn’t come cheap, and a proper child education plan is absolutely critical. A financial planner can help! Here are a few things to keep in mind.

Can you Afford your Child’s College Education?

“Sending ones children to a good college” consistently ranks as one of the top financial goals for most Indian parents. No wonder a plethora of financial products exist that specifically target this goal. However, with rising education costs, a good college degree is unlikely to come cheap in the years to come. Unless one is very wealthy and sitting on large savings, it becomes nearly impossible to have the required money ready in time without having a robust plan in place. Unfortunately, recent research has shown that more than 75% of Indian parents wish they had started saving for their children’s college fund earlier than they did. Given that the quality of your child’s education will make a significant difference to his or her future earnings and career growth prospects, it’s no wonder that this becomes a ‘top of the mind’ priority for all parents.