{"id":2197,"date":"2019-03-15T08:50:53","date_gmt":"2019-03-15T08:50:53","guid":{"rendered":"http:\/\/www.flowactivo.org\/?p=2197"},"modified":"2019-03-15T08:50:53","modified_gmt":"2019-03-15T08:50:53","slug":"can-monthly-premium-payable-considered-monthly-debts","status":"publish","type":"post","link":"https:\/\/flowactivo.org\/de\/can-monthly-premium-payable-considered-monthly-debts\/","title":{"rendered":"Can monthly premium payable be considered in monthly debts?"},"content":{"rendered":"

Life shows us the strange face of every aspect with or without our knowledge.\u00a0 One such aspect is a worry.\u00a0 There is no person without worries.\u00a0 The common problem which everyone faces is debt. Debt is the amount due to be paid to the lender.\u00a0 Debt need not be the amount taken from a lender.\u00a0 It can be the usage of services also.\u00a0 For example, your mobile phone bill, or electricity bill. In fact, these are the payments which have to be paid to the concerned department almost every month without which the services will be terminated.\u00a0 It is not that without these facilities you cannot live, but life will be complicated as you have become accustomed to these facilities.\u00a0 Not only these bills, but you will also have regular bills that have to be attended. So, the point to be considered here is that any due amount which has to be paid towards the services availed by you can be referred to as debt.<\/p>\n

When it comes to preparing a monthly budget<\/a><\/strong> regarding your income and expenses, some people sketch or list the payments to be paid towards premium or monthly installments of their savings in banks. They show it as an expense because they have to pay the amount from their pocket. These monthly premiums payable should not be considered as monthly debts.\u00a0 The reason behind including these in the payables list is to ensure you pay the premiums correctly and on time.\u00a0 The premium towards insurance policies or mutual funds is paid as an investment.\u00a0 This investment in the future will earn you good returns, and you can utilize it in a fruitful way.\u00a0 However, the premiums can be paid even quarterly, half yearly or annually.<\/p>\n

Investing is nothing but saving, and most of the time this investment will come to your rescue while clearing your debts.\u00a0 The only way of availing the complete protection from your investment is by doing compulsory saving based on the terms and conditions between you and the financial service agencies.\u00a0 The idea of investment is good, but you should plan in such a way that your regular life is not disturbed by your decisions, and your future is secured properly. Your investment plan should be based on your income source.\u00a0 The amount left after clearing all monthly expenses can be made used to invest.\u00a0 So proper planning is very much needed to avoid financial pressures.<\/p>\n

What are precautions to be taken before investment?<\/strong><\/p>\n

Before investing your hard-earned money, you should take the following precautions:<\/p>\n