There are many who believe retirement is a distant reality, planning for which can be pushed to much later. What this usually means is that in your 20s you feel you are too young to plan for their retirement, while people in their 40s feel that they are too late! However, once you understand that eventually, you will have to think about retirement, here’s what you can do:

Your child’s education calls for a detailed financial plan. Here’s how you can make one using mutual funds!

Do you need life insurance cover? Well, the answer depends on you. The benefits of insuring your life will be availed by your loved ones who depend on you when you are not there.

Here’s an action plan that will make sure you’re not left hanging if such a situation does come up.

Do you know how much you owe to banks or other financial institutions in the form of loans? If not, here’s a simple way of finding out.

Yes, you read that right! A crore of rupees and that too by ‘saving.’ Everyone will tell you that you can’t save a crore – you must make it by doing some sort of business. Or, as several commenters, on our twitter stream and blog believe – by wrongful means. The disbelief is not unreasonable. After all, only a mere 0.3% or one third of one percent of Indians – can lay claim to having more than 60 lakhs in total assets (and not in financial assets but a mix of real estate, gold and financial assets).

Yes, you heard us right! It’s “unemployment insurance”, not life, health, or automobile insurance that we are familiar with. Unemployment insurance covers for your expenses if you are suddenly dismissed from your job, for no shortcoming of your own, but due to other factors. These factors could range from annual cost cutting to impact of recession in the industry.

For most young men and women starting out on your first job, the common goals most finance guys talk about – retirement, children’s education etc are only a vague thought too far away to worry about. To you, I propose a simpler challenge: Save Up One Lakh Rupees.