If you signed up for a Life Insurance policy during your vacations in India but actually stay abroad, it is going to fulfill all the needs for which you have signed up for. But it is important to choose your health Insurance wisely. Sign up for the health insurance policy which is available locally. Buying… Read More »
It should be done only if you are certain that transferring your loan from the current bank to another, does not carry a heavy penalty. Although you might have purchased the home loan or a personal loan etc., at a teaser rate, transferring to another bank which offers lesser interest rate does not guarantee you… Read More »
A part from the idea of savings, it is important to clarify your pursuits where your money is going to be stashed. If you and your spouse are working members in your family, it is important that apart from yours and your spouse’s salary account, maintain a third account wherein you can credit your monthly… Read More »
Not only is it important to save to build a strong financial corpus but equally important is for you to find out whether your Rate Of Interest is greater than the inflation rate. Obviously, you would not like to enter a debt by taking a personal loan or any loan to meet any emergencies or requirements.… Read More »
There is no specific amount as to how much should be saved for an emergency fund or otherwise known as a contingency fund. Although it is very important to have an emergency fund since it will help you to not depend on a personal loan or any loan to meet your urgent requirements. These debts can not… Read More »
If you have turned 50 this year, it is important to go through your financial checklist. Assuming that your retirement stage is not very far, it is time to re balance your portfolio. By 50 years, you might not have enough saved for your children’s higher education or even marriage. Reviewing your health insurance policies… Read More »
The competition Commission of India, a statutory body whose role is to promote competition and protect interest of customers ruled that banks and housing finance companies are justified in levying prepayment penalty on foreclosure of home loans. Despite the ruling, all is not lost for home loan customers who want to prepay. In fact there… Read More »
One fine day, when you decide to make a list of all the debt avenues you have accessed, it might be a little shaking as you finally would realize the prepayment burden on your pocket. But how do you decide, which loan you need to prepay first? Well here are some guidelines: Try to prepay… Read More »
“Patience, my dear friend. The story of the man is the story of the brand. It was, as you pointed out, in the year 1929 that the Scuderia Ferrari, which literally means the Ferrari stable, was founded in Modena. Its main purpose was allowing owner drivers to race. Of course, under Ferrari, it could not… Read More »
It is not only important to follow a systematic savings strategy to build your investment corpus so as to not get into a debt of a personal loan or a home loan but also, equally important is to assess them from time to time so that the necessary changes can be made. But making frequent… Read More »