Enough can’t be said on the diligent care one must take when handling a credit card! Sometimes, you may feel that a particular card is not of much use to you, or you may realise that you are holding several credit cards and many of them are not getting used. So you may wish to… Read More »
Everything in life has a risk-return trade-off. The higher the returns from a particular investment, the higher will be the risk involved. This risk-return trade off is applicable not just for investments, but for all activities in our life. Although risk plays an important part in taking investment decisions, not many people are aware of… Read More »
Building wealth is a topic often spoken about by many, but followed by very few. The reason for this is that wealth creation involves time and a lot of effort. Although the process of building wealth is not complex, it is difficult to implement, simply because of the discipline it requires.
Your financial plan is one which chalks out your financial goals and how you plan to achieve them. As the situations in life change, your financial plan also requires regular reviewing and change. Just as how you undergo regular health checkups to review your health and regular service for your vehicle or electronic appliances, your… Read More »
Credit card is one of the most important financial inventions in modern times. However, this much-sought after boon can be a real bane to your finances if not used with care. Here are a few instances when you should restrict the use of credit cards in order to keep your finances in order. Using credit… Read More »
Every individual has a Savings Bank account, but pays little attention to the interest earned on the balance in this account. Some people may not even know that the balance they maintain in their savings bank accounts earn an interest. In the past, before RBI had deregulated the savings bank interest rate regime, all banks… Read More »
When you start working and begin a career, your first thoughts will not be financial planning or saving. Considering the plethora of investment options available today, it is understandable that a new investor, with limited knowledge and experience will get overwhelmed and confused. However, if things are done methodically and in a well planned manner,… Read More »
Sarita and her husband Shiva earn an income by working as a maid and a driver in the Vijayawada district of Andhra Pradesh. They invest a part of their income in the Dhanarashi Chit fund that is run by a local jeweller. When the first meeting was called for the auction of the fund, Sarita… Read More »
All of us take vacations at different frequencies to help us have a change from the usual routine and also to rejuvenate ourselves. While going on vacations is fun and desirable, it is very important that the vacation goes on without any hassles. Let’s look at a few tips which will help you to be… Read More »
Managing your finances efficiently is extremely critical in financial planning. This is true for both individuals as well as businesses. Imagine the case of an individual, when his salary increases at a nominal rate every year, whereas expenses increase at a faster pace due to high inflation. It is very easy to face a financial… Read More »