Financial Discipline is generally referred to a framework in which the individual prioritizes his wants and needs into achievable goals and allocate his incomes in achieving these goals. Financial Discipline forms the core part of the Financial Planning process and a Financial Planners guides in establishing and maintaining discipline in your financial matters.
1. Budgeting of household expenses
2. Organizing financial information
3. Managing debt for minimal interest pay
4. Allocating for emergency and contingency funds
5. Making a will and assign nominee for all assets
6. Filing Income Tax returns regularly
7. Insuring life of self & family
8. Comparing financial products before purchase
9. Channelizing savings to investments
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