IIFL Gold Loan, Keadgoa Station Road

Listing down ways you can get cash in case of emergency is a good practice. But in times like these, stepping out of your home should be kept to a minimum and only to get essential supplies. You can perform most tasks from the comfort of your home through apps. Just as you can connect with your loved ones through video calls or chat with them through messaging apps, you can perform most of your financial tasks through mobile apps. Make sure you have enabled email and sms alerts registered with your financial service provider. Almost all banks, insurance companies, broking companies and loan providers have mobile apps which provide all frequently used services. E-wallets and UPI are useful for transferring money without sharing account no. If you are into stock markets, you can download the IIFL Markets app -https://bit.ly/2wXs0Pv. IIFL Finance has a popular IIFL Loans App that our customers use for applying for new loan or a top-up, paying instalments, downloading loan statement, and referring their friends and family members. You can download it by clicking - https://bit.ly/2JKOBS2.Your task for Day 14 is - Download all financial mobile apps that you can use #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

Now that you have adequate health insurance coverage to cover medical expenses for yourself and your family. It is time to look to another important aspect even in times where everything is going digital. Even in the digital age, cash cannot be ruled out. During emergencies, you might have to use cash at hand or in bank. You might have to dig into your rainy day funds. The other option might be to borrow from family, relatives, or friends. No one can truly calculate the amount of cash to have at hand, but listing down ways from where you can legally get cash in case of emergency can be useful. Your task for Day 13 is - Make a list of ways you can get cash in case of emergency #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

After you have reviewed the adequacy of your insurance coverage, you might realise that you have inadequate or no insurance at all. While one cannot plan for emergencies, one can surely prepare. It is time to review a must-have in today's times – a health insurance. It is critical to review your life insurance and health insurance coverage regularly to help ensure that you and your loved ones are well-protected, especially in this time of Covid_19 outbreak. Check your insurance policy for coverage against Covid_19. If you don’t have a Health Insurance policy yet, don’t jump into buying one. You need to compare quotes, conditions coverage, pre- and post-hospitalisation benefits, network hospitals, claim settlement ratio and more. You can quickly get one at https://www.iiflinsurance.com/ by comparing plans from 17 insurance companies. Your task for Day 12 is - Get adequate Health Insurance #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

In the last 10 days, we have seen how to get a stock of your current expenses and health of your portfolio, but life can always take unexpected turns. While one cannot plan for emergencies, one can surely prepare. It is time to review a must-have in today's times - an insurance coverage. It is critical to review your insurance policies. And not just life insurance or health insurance, but also your car-two-wheeler insurance and household insurance. Besides checking for coverage amount, see the no claims bonus, whether family members have adequate cover, riders, exclusions, tax benefit, and the claims process and support. Remember, It is important that one should treat insurance as a protection from financial emergencies considering the benefit it provides rather than looking it from an investment perspective. So your task for Day 11 is - Review your insurance coverage #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

Now with a clear view of your goals, expenses, and timelines for EMI payments, it is time to get a hold on your savings. But the million-dollar question is: how much should you save? How much should you save for the rainy day? You can follow the 50/30/20 rule. After accounting for your taxes, 50% of what remains should be reserved for essentials like rent and food, 30% should be reserved for discretionary (optional) spending, and at least 20% should be reserved for savings and investments. There is no correct answer, but you can use this thumb rule for starting with your budgeting. Your task for Day 10 is – Adopt the 50/30/20 Budget Rule #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

Now that the utility bills are taken care of, it's time to look into other payments. Proper planning can help you reduce the burden of debt that EMIs - home, car, personal loan - can bring. Note down the dates of all EMIs, auto-debits and due dates. If you have a view of the when these debits happen, you can manage your finances better. This will also ensure that you never miss a payment date and incur a penalty.Your task for Day 9 is - Make a financial calendar to see when your EMIs and debits are happening. #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

Now that the utility bills are taken care of, it's time to look into other payments. Proper planning can help you reduce the burden of debt that EMIs - home, car, personal loan - can bring. Note down the dates of all EMIs, auto-debits and due dates. If you have a view of when these debits happen, you can manage your finances better. This will also ensure that you never miss a payment date and incur a penalty. Your task for Day 9 is - Make a financial calendar to see when your EMIs and debits are happening. #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

Today we will tell you about how being proactive is a good financial habit. For example, pay your utility bills (electricity, water, telephone, gas, cable TV etc.) promptly. In fact, many utility providers reward you with discounts for prompt payments, i.e. before the due date. Penny saved is penny earned. Also, be especially prompt with your credit card bill payments as that directly affects your credit score. Your task for Day 8 is - Take out all your utility bills and check for discounts available on payment before due date. #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown

Now that you have found the leakages in your budget to plug, it is time to use some resources at your disposal that are often overlooked such as Loyalty/Reward Points. Majority of loyalty/reward points are never redeemed and expire, but you can use those for a lot of purchases. In fact, did you know that you can use your credit card reward points to pay your credit card bill? Don't let those points expire. Your task for Day 7 is - Make a list of all your reward points and loyalty points and consume those. #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown #FinancialFitnessProgram #IndiaFightsCorona #21DayLockdown