Sir Albert Einstein had once mentioned that the power of compounding is one of the greatest forces in the universe and went on to say that it is the 8th wonder of the world. Indeed, it is one of the powerful forces of the universe and it also applies to the basic principles of financial…
The Goods and Services Tax has revolutionized the Indian taxation system. The GST Act was passed in the Lok Sabha on 29 March 2017, and came into effect from 1 July 2017. GST is an indirect tax levied on the supply of goods and services. GST Law has replaced many indirect tax laws that previously…
A happy financial life is not limited to making more money or fixing money concerns. It is about careful planning and nurturing. Before you plan, assess where you currently stand money wise, understand every financial aspect of your life, set goals and find ways to reach each of them. Here we compiled a simplified 3-point…
With an exponential rise in healthcare costs, a comprehensive health insurance cover is the need of the hour. But, do you really need one in your 20s, when you are hale and healthy? Let’s look at Martin’s story for an understanding. Twenty-four Martin began working six months back. He loved the nature of his job…
Nithya was a good student at the college. She always dreamt of having a well-planned life. She wanted to work after her post-graduation for three odd years and own a car. Buy a house at 30 and then get married. However, nothing really went as per her plan. Most of her initial income got exhausted…
Earning extra pocket money during free time is a wise thing for teenagers to do. Interestingly, many fun things can actually help you boost your earnings. All you need is to be creative and to dedicate considerable time every now and then. Wondering how? Read through to get into the details. If you are an extreme…
It is imperative that you stay covered in life so that neither you nor your loved ones suffer during an unforeseen event. Get the right insurance portfolio in place to stay safe and secured. Here we listed out some important insurance policies that are worth being a part of your kitty. Read through to learn…
Every company releases a salary package to an employee while hiring. The Cost to Company (CTC) is the term used for the total salary package that contains many components. One of the major components includes House Rent Allowance (HRA), which is 40-50% of the basic salary. Tax exemption could be availed on HRA after considering…
Parents teach a lot in life! Especially, dads use their real-life experiences to teach ‘precious money lessons’ to their children. Most of these lessons would be subtle in nature, useful all through the life. In fact, every little conversation, about money, with dad is no less than a lesson to be remembered for life. Here…
Indians consider the home purchase as the most crucial goals of life to get a roof overhead. House dream tops the ‘lifetime to-do’ list for most people. Reasonably high salaries and reduction in home loan rates are major driving forces these days. But, a home loan is not just enough to completely achieve the goal.…