Category Archives: Money Management

Who let the cash out?

  Currency notes have vanished. Coins are to be found only in museums. Nobody talks about “returning the change” anymore. Devices have taken over day-to-day financial transactions. Setting of a futuristic world in some sci-fi novel? If you’re nodding your head, you have been living under a rock. Because that setting is the present day.… Read More »

Credit checks: How to lose a job

  Slap your back, treat yourself to a sinful sauna session and scrape all those photo-bombed selfies from your Facebook page. That fairy-tale job you’ve been pursuing doggedly is now yours. The interview rounds are done and you’ve been asked to submit the necessary paperwork to set the hiring process in motion. Only, the ‘Welcome… Read More »

The little-known secret of how metros buy insurance

Insurance sales start surging in January of every year and peaks in March. So, are more accidents happening during this period? More people getting hospitalized? Or, a sudden realization in the new year that one needs life cover? It’s Option D – none of the above. The reason is painfully simple – tax saving! So,… Read More »

How to remain insured even if you can’t pay your premium

Imagine you are building a fortress against an unseen enemy. If you require four outer walls bordering its periphery to complete the structure, would you build only three? Or, would you suddenly stop building the fortress and instead start focusing on a guesthouse inside it with the intention of selling it later? More ironically, would… Read More »

Have you covered yourself?

  One of the most memorable scenes in the movie Titanic is when Jack Dawson sketches a portrait of Rose in the buff. While Rose did not need much cover, you do. Insurance-wise, that is. Many people take a cover that they can afford. Some people take one which they assume as enough for them.… Read More »

Are Indians blowing their money away?

For young Indians, it is all about money, honey! Unlike their fathers and grandfathers who had scores of hungry mouths to feed, the Young Turk of today has fewer responsibilities and can barely look beyond their own mouth. Earning wads of money, he is literally rolling in cash. However, are Indians today making the best… Read More »

Money Management Case Study: Contingency Funds

Ram prides himself on being up-to-speed in money management. Despite his hectic office schedule, he has managed to ensure health cover, life cover and investments spread across PPF, Mutual funds, and other instruments. He met his friend Mr. Kent, who is a Certified Financial Planner. With a glint in his eyes, he placed his balance… Read More »