Women save a larger share of their earnings, but they will likely still be worse off when they retire because they earn less and spend more. This was a telling insight reported by ADP, a US-based research institute. If this is the case with one of the most developed nations worldwide, can it be very… Read More »
Managing money is like driving an ambulance through rush-hour traffic – there is a roadblock at every turn of the wheel. We give you five common roadblocks you may face while managing your finances. 1: Consistent breaches of monthly budget: Overshooting the monthly budget is a common enough occurrence. But, if you are consistently breaching… Read More »
Have you ever wondered why people splurge with cards even after knowing that it’s only borrowed money that they have to return to the bank someday? Various researches on the profiles of credit cards owners and their spending patterns says that there are several factors leading people to spending more using plastic. Here are the… Read More »
“One should never get old!!” said Mr. Khanna in a disappointed voice. The four colleagues, Mr. Khanna, Mr. Desai, Mr. Mehta and Mr. Ghosh were sitting in their office canteen having evening tea. All were about to retire in the next 3 months. Mr. Khanna continued: “I was just speaking to our accounts department and… Read More »
‘Luck by chance’. If this movie happens to define your investment story, chances are that it will bomb at the box office of financial success. The success of your financial planning hinges completely on the financial decisions made by you during your life. If you have left something to chance, be prepared to be handed… Read More »
In cricket, batsmen who have played long innings often go back to the pavilion ‘retired hurt’. Not very different from what most working professionals do when they reach the end of their career – they end up retired and hurt. Financially hurt, that is. So, why do many Indians face a retirement crisis? First, India,… Read More »
March with its feverish frets and yearly targets is over. April 1st was (no, not All Fools Day) the start of the New Financial Year. So, did you make those financial resolutions for the new year? Or did you end up like Teena and Prateek? Teena and her husband Prateek, a newly-wed couple, had a… Read More »
So you buy your daughter toys, take her out for her favourite dessert, give her a good education and treat her to the best things in life that you can afford because she is the apple of your eye. But, apples need protection! Have you ever thought about how you will secure her future? Your… Read More »
Oh, that blissful yet nerve-wracking word – Retirement! A picture of serene, idle days with as much time on your hands as you have always dreamt of; but also that scary thought of having as little regular income as we do not even wish to imagine! Are you constantly baffled figuring out whether retirement is… Read More »
March is that time of the year when you’re no different from a headless chicken. Only, you’re running around pecking at investments to save tax at the last minute. A mere week away from the deadline of 31st March 2015, diligence finally overpowered procrastination and I sat down to take care of my taxes. The… Read More »