It has been observed that though the employees are informed well in advance at the start of the financial year, the action usually starts from dec till march end. People do not make any attempt to understand pros and cons of the financial products before purchasing but end up investing or purchasing non productive insurance…
During our childhood, we learned a story about Cinderella and her adventures. Just have a small recap of what happened in it. She was an abandoned daughter who served an evil stepmother, got a wish from a fairy to attend the Prince’s ball and when returning back, she lost her glass shoe. The prince, in…
Ram has cash surplus of 100000 which is idle in savings bank account earning interest of 4% and he wanted to use for his vacation goal after 4-5months.He had lost opportunity cost of 4-5% investing in bank savings account and also not able to earn inflation adjusted return. Here comes smart decision of investing in…
Diwali is a time of celebrations, family time, pataake, sweets, fun and.. Gold! Women rushing to gold shops with their families is a common sight around Diwali every year. The lure and charm of the yellow metal have only grown with time, our approach to acquiring it should also get smarter with changing times. Up…
Vivek (30) lives with his wife and his new-born daughter in Hyderabad. He has been working in a reputed IT firm since 7 years, which he joined immediately after graduating from a premier engineering college in India. He always believed in living in the present. He spent lavishly on vacations and also bought a penthouse.…
In general, Financial planning is looked as a roadmap to achieve future financial goals which includes identifying the goals, prioritizing it and then investing for it. But before planning for the future, one needs to look into their present and make necessary corrections. Sometimes, we take some financial decisions which is believed to be correct.…
Every year we celebrate Dussehra / Vijaya Dasami as a reminder of the victory of Lord Rama over Ravana, good over evil and right over wrong. It is also a reminder for us to overcome our inner evils. What about fighting the all too familiar evils when it comes to personal finance? Each one of…
While we plan for some of our future Financial Goals like Children’s education, Retirement etc. we often don’t plan for mishaps like ill health or loss of life which could adversely affect our finances. Planning for uncertain emergencies should be the first step towards financial planning as occurrence of such emergency can disturb future financial…
Everyone has financial goals at different stages of life. There should be a proper route map which helps us to get started in achieving the financial goals. However, having a very good financial plan in hand doesn’t fetch us any result, until and unless we are disciplined in implementing the plan. While implementing the plan,…
Taking an investment decision for your future goals is a very critical decision as it deals with not only your hard earned savings but the volatility of the markets as well. In certain situations, an individual may find himself in a difficult situation where he has to decide on investing either a lump sum amount…