I wish someone had said invest your money, grow your money vs just saving your money as there is a fundamental difference between saving and investing.

A good financial planner can help you in taking these decisions keeping even uncertainties in mind. Market volatility and inflation play an important role in long term planning and therefore regular monitoring and analysis of investment plans is necessary.

It is also important to recognise that a country’s economy flourishes if its citizens have the purchasing power and invest money in growing the economy.

Budgeting is the most basic and important financial habit one should develop as soon as they start handling money.

Risk management is the process of identifying, assessing, and controlling the risks that can impact financial security and earnings. It provides us with a tool that will help us make an informed choice on where to park our earnings and savings.