“Compound interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t, pays it.” If you are under 30 and know who said this, you da man! If you are under 30 and have no clue, read this little story before we let you in on who said this.… Read More »
The biggest question you have to answer yourself when you are investing is: “What is the time horizon for my investment?” This helps your financial advisor in suggesting you the right asset and product. Uljhan Singh had to change his job and he got a fat cheque of Rs.5 Lakhs from his previous employer towards… Read More »
Most people postpone their travel plans because they think they’re too busy, or it’s too expensive. If you have postponed it for the second reason, saving money while travelling is simple. In fact, traveling on a budget is fun, and with a little planning, you can keep aside all those unwanted charges many people end… Read More »
Suhasini, a mother of a 5-year-old girl, is in a dilemma. Ever since the government has announced the launch of a scheme for girl child—Sukanya Samriddhi, her relatives are after her life to get an account opened. The buzz around the scheme has already created a lot of excitement, and Suhasini is being virtually ‘poked’… Read More »
While planning your budget, you definitely have to allot responsibilities to your family members. But what happens when you mess that up. Here are the worst combinations you can come up with, that will make sure your family finances go for a toss big time.
No matter how savvy an investor you are, a little certainty of returns from the investment portfolio adds to your comfort. If equities give wings to your portfolio, fixed income instruments offer stability and certainty. Therefore, it is important to have a right mix of debt and fixed income investment options in your portfolio. Prateek… Read More »
Family budgeting is very important. But as you do for so many other things, don’t go looking for inspiration from Bollywood. Because on screen, they have paraded some pretty bad ideas about how to deal with your family finances. Take a look.
Internet – the greatest utility to mankind – has revolutionised the way we think and seek information. But it is subject to both adulation and criticism. Yes, the Internet cannot teach you how to find a needle in a haystack or count the drops in the mighty ocean. But, help you in buying insurance? That… Read More »
Having spent so much time playing/training/cooling-down with each other, each of the 8 IPL teams can be best likened to a family, wouldn’t you agree. Just as families set budgets and look after investments to last them a good year, we couldn’t help but infer the financial lessons our 8 IPL families have taught us this season.
The birth of a child brings immeasurable joy to parents. However, after the initial euphoria subsides, the future expenses start staring at you in the face. Add to this the innumerable ads on TV and print media, and you’re left with only one choice: buy a child plan. That’s the beginning of your second problem… Read More »