Sound financial decision
Making a right financial decision for our house is necessary as we have to deal with the day-to day expenses and the unforeseen expenses likely to occur in the future.Creativity also plays an effective role in decision making and meeting these expenses.
There are two discoveries one has to know while taking a major move with regard to finance.
1.Foundation/Base This is the initial step in sound financial decision. So, under foundation base, there are three risks.They are namely,
How much you are earning?
What if you lost your job, retired, etc
Will you be able to convert your belongings such as TV, Fridge, cellphones into immediate cash?
An increase in the price of the goods and services is predicted.
Automatically, buyers will buy less commodities and services than they used to.
Thus, making a sound, healthy financial decision and keeping a check on it has
For these reasons, your home must be where your heart is, the rest is secondary.