A frugal lifestyle is often confused with a life that sacrifices on quality. This is because the term frugal is, more often than not, misconstrued as a negative one. If done the right way, choosing to be frugal can actually add more value to your life. Do you agree? The art of frugal living A […]
Ever since the beginning of the COVID-19 outbreak, there’s been a gush of information about preventative measures one must adhere to, to remain safe. They are all simple and effective ways to keep the virus at bay. Something even children can follow with ease. One of the important do’s on that list being, building the […]
A handy checklist for your reference. DO’s Increase liquidity – Enhance your emergency funds to double the amount Reduce extra expenses – the lockdown is making us online shopaholics. The general tendency is such that the need for gratification is finding solace in spending online. Use surplus time to build a financial plan Take calculated risks Take […]
Lord Ganesha, also known as Ganpati is believed to be the God of wisdom, a symbol of happiness, prosperity, knowledge and remover of obstacles. Adored by his devotees, there is a lot of inspiration that we can take about financial planning from the Lord himself. Here are 5 lessons of financial prosperity from Ganpati Bappa. […]
Friendship Day marks the celebration of the relationship we’ve shared with our friends, old and new. It’s a journey we cherish and hope to continue for a lifetime. Just as we trust these long lasting friendships to have our backs when we need them the most, there’s another critical aspect of our lives that we […]
“Maternity Plans” are not really separate plans. It is a feature which may be covered under normal health plans. However, only a few health plans offer maternity cover as part of their normal health plans. Key features of maternity cover are as follows: There is usually a separate waiting period for maternity coverage – This […]
What are Top Up Plans? Also known as Deductible Plans, Top Up Health Plans provide a cover over and above a certain base cover. This base cover in most cases come from existing policies. Some Top Up Plans allow deductible options even without an existing insurance policy. In cases where there is an existing insurance […]
Investors are just humans and every human is a different personality. And hence, our appetite to be able to see our money go up and down might vary as well. And what we want to do with our money is a very personal decision. So it is perfectly okay if you are an investor who […]
Debt funds are good investment vehicles to protect your capital and still earn more than your bank interest, but they may not sufficient to help you generate enough wealth to achieve financial independence. Let us understand this by an example. Assumptions: A 30-year-old salaried employee has a current monthly income of INR 1.5 Lacs Annual […]
Both Debt and Equity Mutual Funds are thriving in the Indian Financial Market. But which one should you as an investor choose between the two? When are Debt Funds suitable? When you want to park some surplus cash for using it within 3 years For creating your Emergency Fund From an asset allocation perspective (when […]
Yesterday, I was scrolling through Facebook and chanced upon this really funny ad starring Akshay Kumar and Sumeet Vyas. While the deceased Sumeet pleads the new age Yamraaj (aka Akshay) to give him another life in lieu of “behen ki shaadi, beti ki padhai, ghar ka kharcha, gaadi ki EMI”, he is asked a very […]
You must have heard the phrase, “…with a cherry on top!” That would be what compound interest does for your money, and more. A relatively easy topic that we all covered in our tenth-grade mathematics. However, few of us managed to unravel the wonders that lie within its very basic formula. Compound Interest is earning […]