CII IWN Aurangabad Chapter Workshop on “My Money, My decision”
CII IWN Aurangabad Chapter organised a financial planning workshop on “My Money, My decision”
The workshop mainly focused on know what you’ve got – Make a list of what you own (your assets). Make a list of what you owe (your liabilities). Examine your outflows. How much do you spend on an annual basis?
Find out where important documents are located – Having the proper documents and statements is important, but if you don’t know where they are, they won’t do you much good. Be sure to know your logins, passwords and how to access electronic accounts. Consolidate all paper documents in one place.
Plan for the unexpected – Untoward things can happen to anyone. Consider what would happen in the case of job loss, illness, divorce or death of a spouse. Evaluate how one of these events could alter your financial position. Determine how it could affect your cash flow and impact your financial goals.
Financial Expert and Chartered Accountant