Financial Literacy - Legacy Planning
We neither feel not understand the importance of Financial Literacy. Not its been taught in school. But in life, in practical world this is very very important. Creating a budget is one part but managing it in a right way is different. Doesn't matter who is taking care of our finances. We should always know about it. If not 100% atleast have a knowledge of it. Many of us think, why do we need to know, my parents/ my partner/ my friend/ some family member is taking care of that. And my friend this is where we go wrong. The other person has taken thr responsibility to do it right, but its we who are answerable as per law. Secondly, if something happens to the person or some misundersting builds up with the person taking care of all things, we will be like I don't know anything. And then it will be a big issue and we may be like again dependent on someone else to help it sort out. And if the person taking care have not completed/updated the basic things like nominee name, email,