Pranab and Bishwadeep both work in the same company, at the same level with the same salary. Yet, Bishwadeep is always relaxed and looks in control of his personal finances. If someone asked Pranab, what his net worth was or what the outstanding on his home loan was, he would give some off the cuff… Read More »
Photo Credits : Inha Leex HaleyIt is a good idea to categorize your payments under different headings like daily living expenses, entertainment and vacation, health etc. This will give you a fair idea of how much you spend on different categories. It is easier to keep track and also control your expenses once you know… Read More »
Saving account (SB) has been the unique link that joins a common person with a bank. It has come up with lots of changes from the past when people had the choice of few banks that too with one type of saving bank account in an offer. Now people have a variety of options to… Read More »
According to a survey in United Kingdom, more than 50% of people do not save enough for their retirement. The number is worse for Americans and Canadians. 150 million Americans out of 200 million, who are in working age, are not saving enough to fund their needs after retirement. Similarly, 80% of Canadians will not… Read More »
It is essential for women, be it working women or homemakers to keep themselves and their family financially secure. In the olden days, women generally had a habit of keeping savings in the containers in their kitchen, but today that is not going to get our savings anywhere when confronted with ever-growing inflation. It is… Read More »
The deadline for filing income tax returns is 31st of July for years when the financial year ends on 31st March. Despite this deadline being an extremely familiar and well known one, many people still miss it for a variety of reasons. Reasons may be genuine problems or simple procrastination for missing this deadline. In… Read More »
New Pension Scheme (NPS) is a pension scheme launched by Government of India (in effect from 1st April, 2009) and is a defined contribution based pension scheme. NPS differs from the existing pension scheme in the sense that existing pension fund of Government of India offers assured benefits while NPS has defined contribution structure where… Read More »
Sunila walked out of the debt counselor’s office in a pensive mood. She had accompanied a close friend of hers for moral support. Her friend Divya had actually opted for the services of a debt counselor having run into some financial trouble and some pending loan dues.
“Inflation” is the one dreaded word that can shake the confidence of economists, investment bankers, policy makers and even the government! Well, the harsh reality is that if the economy is growing inflation will definitely raise its head to haunt you. Let’s try to explore why it is such a dreaded word and is there… Read More »
Recently, RBI has also deregulated the savings rate along with increasing the policy rates by 25 basis points, the 13th time in the last 18 months.