Question

Design a financial strategy include;

• Saving plans (500words)
• Insurance planning (500words)
• Investment planning (500words)
  Show action plan, no need explain what is savings plans. just direct to the point

Answer 1

Considering receipts for the month amounts to $5,00,000 of my company. I shall be designing Financial Strathey as bellow.

1. For the operating expenses of the company $2,75,000/- shall be the maximum amount spent being 55% of the receipts.

2. For the fixed expenses of the compnay $25,000/- shall be the maximum amount spent being 5% of the receipts.

3. 15% of the receipts being shall invested in the bonds, equities and fixed deposits which shall amount to $75,000/-.

4. Amount of $25,000/- shall be used for Insuring the assets of the organisation, being 5% of the receipts.

5. The 10% of the amountt, $50,000/- shall be reinvsted in the organisation.

6. The balance 10% amounting to $50,000/- shall be reserved as savings of the organisation