MANAGE YOUR MONEY EFFECTIVELY :THE RISK OF INFLATION AND WAYS TO MANAGE YOUR INSURANCE POLICY

When it comes to money matters be a wiser and well informed to adopt guidelines which shall help you in making good decisions.
Know the game:Money has its system of operations ,so have the idea of money game.Inflation, what really is inflation?How it reduces your buying power over time.How to avoid inflation menace as an individual and how to invest your extra cash in other investment opportunities rather than saving under the pillow or in a bank.Again never underestimate the role of inflation in eroding the power of your money.In whatever unpredictable environment.
Don't get trapped in credit:Nothing wrong on buying on hire purchase or open account to buy clothes since it helps you to get what you want in advance and it is another one's business to make more sales.However avoid getting trapped as a borrower.Many people suffer from credit as their major financial problem.
Buying goods on instalment or clothes on account ,you're actually paying more and more each day for something that loses its value each day.Make thorough analysis of taking credit which shall not going to be a burden to your finances.
Get the right insurance cover:Planning for insurance cover is good for your assets and is very useful for the uncertainity of future.Many people buy wrong packages of insurance covers ,pay too much for it and still poorly insured.Making insurance worth your investment ,start by look for a good broker and also be you own agent as you go through different insurance providers to make good decisions.Learn to buy the right cover for your circumstances.
Do your homework:Insurance products are designed for specific reasons and circumstances.When you decided to buy insurance go through the proposal before you commit yourself to the contract. Makesure you understand all the terms and conditions.Don't be afraid to ask where ever you cannot understand before sign agreements .Don't be lured into any company's colourful advertising pamplets to blindly put your savings at risk by investing without doing some homework first about the credibility.