
Financial Management for Beginners – Financial knowledge is not only regarding capital management. With the arrival of technology, it is also essential to keep the online date convenient.
When circumstances get inedible, our small errors seem to cause more damage.
Most of us are very relaxed when it arrives in planning for an emergency.
But this relaxed approach causes more harm when an emergency hits.
In this world, the most valued people are those who occupy vision.
Emergency seems gravest concerns in case of loss of earning member of a family.
It makes me reminisce about what my family should understand if I die.
In India, it is evident that the leaders of the house are a man who manages all money concerns.
The leading lady (wife) barely takes an interest in day-to-day wherewith cost controlled.
Yet though the woman is an earning member, still in India, capital is mostly in the controls of a Man.
There are also cases where the leader of the family is a Lady.
In both the state, the condition does not improve.
Both Men & Women are relaxed when it arrives in planning for an emergency and financial management for beginners .

In this blog, we consider what regard we familiar people should take to manage the condition of emergency like the death of the head earning member.
#1. AFFIRM A RENEWED LIST OF USER IDs & PASSWORDS
#1.1 Primary Email Accounts
Data exchanged through emails, like bills for:
Credit cards,
Mobile,
Electricity,
Internet,
Security,
Digital TV etc.
The statement of all these bills appears over email.
Keep a password protected excel sheet and store email ids and updated passwords.
#1.2 Laptops & Smart Phones Login
These days everything appears on mobile phones & laptops.
It is necessary to have the login id and passwords of these things skillful.
Have a password protected excel sheet and maintain login ids & passwords.
#2. BANK ACCOUNT CUSTOMER ID & PASSWORDS
In fact of unexpected demise, the first thing dependants will want is money.
In your absence, they will have to pay bills, withdraw cash, etc.
Have a password protected excel sheet and store customer ids & passwords.

#2.1 Debit Card & Credit Card PIN
Usually, we commemorate the security PIN and never write it.
More reliable is to have it written somewhere.
Have a password protected excel sheet and store credit card & Debit Card PIN.
#2.2 Services Bill Information
Information like customer IDs for obtaining payments like electricity bill, Mobile bill, Cabel TV, etc.
Have a password protected excel sheet and keep Account numbers, customer IDs, etc. of all service bills.
Get assured that your dependent is your Nominee
Usually, when we start serving, we mention our mother as our preferred Nominee.
Following a few years, one gets wedded, and Nominee proceeds to be the mother.
The Nominee should be the dependent, which after the wedding should be the wife or kids.
But this little confusion can put the dependents in a lot of concern after the demise of the head earning member.
One must accept full responsibility that the correct name of Nominee registered in the following accounts.
#2.3 Banks Savings, Salary, Demat, Equity Trading, Fixed Deposit, etc.
List the names of all bank accounts one has.
Those bank accounts can be saved or salary account.
Have a password protected excel sheet wherein the name of Nominee should state.
#3. PROVIDENT FUND & PENSION ACCOUNT
The advantages of provident fund savings are owed only to the Nominee.
It’s necessary to verify if the correct Nominee registered in a retirement savings account.
Have a password protected excel sheet with the name of Nominee for retirement advantages that registered out precisely.
#4. LIFE, AUTO & HOUSE INSURANCE
Insurance not created for only savings income tax.
Insurance has mainly done to support the needy in times of emergency.
Have a password protected excel sheet with the title of Nominee for all insurance accounts.

#5. MUTUAL FUND HOLDINGS
Unlike equity shares, mutual funds not accumulated in the Demat account.
Hence it requires a nomination individually for all funds.
Have a password protected excel sheet with the title of Nominee for all fund holdings.
#6. INFORMATION OF INVESTMENTS HOLDINGS
We all make investments. But how often we take interest to have a list of holdings.
It can show to be vital Data for the dependents in times of urgency.
In the loss of the head earning member of the family, the most acute change is to have the cash flow.
Investment can confer like a guardian in the most challenging times.
#6.1 Stocks & ETF
List of Equity shares & ETF with Information like:
Name of shares,
Investment amount,
Date of investment,
Investment purpose (holding time or price) &
Demat account information etc.
These must-have in a password protected excel sheet.
#6.2 Mutual Funds
List of funds with Information like:
Name of mutual funds,
Portfolio number,
Investment amount,
Date of investment &
Investment purpose.
It must have in a password protected excel sheet.
#6.3 Real Gold & Silver
Real gold and silver acquired over the years become valuable.
Their Information like:
Amount of investment,
Purchase price,
Present value,
Date of purchase,
Investment purpose etc.
It must have in a password protected excel sheet.
#6.4 Real Estate Property
Real estate investors are the most apparent investment, so all.
Still, it is sufficient to hold it in the list of investment properties.
Information like:
Type of property,
Area of property,
Location,
Name of the project,
Purchase price,
Rental revenue, etc.
It must have in a password protected excel sheet.

FINAL WORDS…
Is making all this worth it?
Today it may seem pointless and non-important. But its significance is unquestionable.
But visualize a situation where your wife and kids held without you being around them.
View a few examples.
In a shopping mall where after purchasing, your spouse misremembered the credit card PIN
She instantly calls you in office, and her dilemma solves.
But when she has nobody to ask?
In this condition, she will adore you even more for the way you had arranged everything for her.
It is what is called real affection. It is what is the real-life of financial knowledge.
When the head earning member is absent, there is some necessary knowledge that a family should know.
We have to make them informed of them.
Do not think of it as enhancing. It’s only caring for a family to handle fact before an emergency hits.
When you are not present, it will mostly be a struggle for your family.
These little things will only benefit them.
When you are not present, you cannot do enough to diminish their distress.
But now you can manage how they will handle that circumstance.
Purpose for an emergency and give no chance unturned.
More Articles By Zayd Haji
- #1 Share Market for Beginners – What is Share Market? What is Nifty & Sensex?
- What is mutual fund and how to invest?
Category wise
You can use the SEO plagiarism checker tool for checking all your content and re-write the sentence if it shows you any particular error.
Thanks designed for sharing such a pleasant opinion, paragraph is fastidious, thats why i have read it fully|
There is certainly a great deal to learn about this issue. I love all of the points you’ve made.|
I don’t even know how I ended up here, but I thought this post was great. I don’t recognize who you’re but definitely you’re going to a famous blogger for those who are not already. Cheers!|
excellent
Thanks for your comment. Really Appreciate
There’s certainly a lot to find out about this subject. I love all of the points you’ve made.|
Thanks for your comment. Really Appreciate
amazing artile
Thanks for your comment. Really Appreciate
I think the admin of this website is in fact working hard in support of his website,
since here every information is quality based data.
Thanks for your comment. Really Appreciate
I loved as much as you will receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get bought an nervousness over that you wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly a lot often inside case you shield this hike.|
Thanks for your comment. Really Appreciate
Howdy I am so happy I found your weblog, I really found you by error, while I was researching on Digg for something else, Anyhow I am here now and would just like to say many thanks for a remarkable post and a all round interesting blog (I also love the theme/design), I don’t have time to look over it all at the minute but I have saved it and also included your RSS feeds, so when I have time I will be back to read more, Please do keep up the excellent job.|
Thanks for your comment. Really Appreciate
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.|
Cool blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple adjustements would really make my blog stand out. Please let me know where you got your theme. Kudos|
Thanks for your comment. Really Appreciate. It is on WordPress. Multiple Business Theme
nice to read
Hey would you mind stating which blog platform you’re working with? I’m planning to start my own blog soon but I’m having a hard time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something unique. P.S My apologies for being off-topic but I had to ask!|
No problem whether it is an off topic we are happy to help and guide you with your concerns. We suggest you to use WordPress for building your website and GoDaddy for doamin purchase also you use siteground for web hosting. You can get touch with our guy who handles hosting work –
Wasim Momin – mominwasi@gmail.com
Reference – Al Zayd Corp
With havin so much content do you ever run into any issues of
plagorism or copyright infringement? My website has a lot of exclusive content I’ve either created myself or outsourced but it looks like a lot of
it is popping it up all over the internet without my authorization. Do you know any techniques to help protect against content
from being ripped off? I’d certainly appreciate
it.
Yeah you can SEO plagiarism tool, it is absolutely free and also you can use Grammarly for paid version
amazing article
i like your blog
Thank you very much. Appreciate your comment.
We absolutely love your blog and find almost all of your post’s to be exactly what I’m looking for. Do you offer guest writers to write content for yourself? I wouldn’t mind composing a post or elaborating on most of the subjects you write in relation to here. Again, awesome blog!|
Thank you very much. Appreciate your comment. Yeah we allow guest writer to write related to our niche ie. Market and Finance
highly recomeded
highly recomeded
Thanks for your comment. Really Appreciate
For newest news you have to go to see web and on web I found this web page as a finest web page for most up-to-date updates.|
Thank you very much
nice to read
highly recomeded
Thank you very much
nice to read
Thanks you
Thanks for your comment. Really Appreciate
Thank you very much
Thanks for sharing
These are truly wonderful ideas in on the topic
of blogging. You have touched some pleasant factors here.
Any way keep up wrinting.
Thank you very much
Nice article
i bookmared your site
Thanks you
Thanks for the article
i bookmared your site
Magnificent site. Plenty of useful info here. I am sending it to several buddies ans also sharing in delicious. And certainly, thanks to your effort!|
excellent
I think the admin of this web page is actually working hard in favor of his website, because here every material is quality based material.|
This article gives clear idea in favor of the new viewers of blogging, that genuinely how to do blogging and site-building.|