InvestorQ : What are a few personal finance tips you would give to a beginner?
Tanu Shukla made post

What are a few personal finance tips you would give to a beginner?

Answer
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Allysin Pinto answered.
4 weeks ago


  • Budgeting is the best financial decision to make. It helps you decide what financial decisions are worth making. With a budget in place, you wouldn't overspend.


  • Keep money aside for unknown problems that might arise in the future. If by chance, you encounter any medical emergency this money will help you get through it.


  • Maintain a good credit score. In India, Credit Information Bureau India Limited records people's credit activity. Having a good CIBIL score shows whether the person pays loans on time. This indicates if the person is financially responsible or not.


  • Invest as soon as you can. The sooner you start investing, the better the returns. Research the stock market trends well before making any type of investment.


  • If there is an end point you want to achieve eg. A house. This is your goal. Use this as a benchmark while making financial decisions.


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Jenifer answered.
4 weeks ago


Current ratio 2.5
Working capital 63000
Calculate current asset and current liabilities