Here are just four things you need to keep in mind to ensure you don’t go overboard with your loans.

Some people make the mistake of believing that an emergency fund is mainly for those just starting their jobs or are still in their 20s or 30s or have young kids.

Considering the importance of this device and how much of our lives are on our smartphones, it could arguably be prudent to invest in the best ones you can. However, considering that the premium ones cost almost as much as a bike, many of us often rely on our credit cards to buy one.

One thing that came out from our discussions was that a lot of savers go for financial products based on their perception of how “risky” they are.

The rate of return can drive investors to invest all their savings here irrespective of goals. The assumption they hold is that if it can grow their money the fastest then if they invest more, they will grow their money even faster.

Many of you might have been big fans of the show “Narcos” on Netflix. Especially the first two seasons. While Pablo Escobar was not exactly a model citizen and the way he earned his billions was in one of the worst ways possible, many of us envied his lifestyle.

Like rains, stock markets can be unpredictable, as well. Whether it’s elections one year or a series of tweets by a President the other, markets tend to react.

The many financial needs, most of which come to light when we start our families, bring to attention a different kind of problem. We realise we have many financial goals but not enough in the way of earnings to save for these goals.