"The most hopelessly stupid man is he who is not aware that he is wise."

When buying a financial product always factor the hidden costs. Sometimes these costs are overlooked and they can in turn upset your entire budget considerably. For ex: if you are availing a loan from a bank and the bank charges 2% as processing fee for availing the loan, it can upset your budget considerably. So before you go out and buy any financial product remember to factor the hidden costs otherwise you might be taken for a ride.

To read more from this series, check: "The Financial" - Finance for Engineers Series!.