The most joyful life event for every couple is childbirth. While enjoying the moments, most expectant dads feel the stress in the air about putting the family finances in order. It is perhaps the game-changer of the family’s financial planning! However, it can be dealt with ease with a thorough financial plan. Secure your family…
The total number of road accidents in India are rising year after year. According to a report from the Indian Ministry of Road Transport & Highways (1), the total number of road accidents has increased by 2.5% from 4,89,400 in 2014 to 5,01,423 in 2015. If death occurs due to an accident, a life insurance…
Our financial responsibilities grow with age. Life in the 30s is not the way it is in 20s. Rather, the 30s is the time when family life is about to begin or already began, and the career had taken off. Money mistakes committed at this phase of life, are bound to lead to financial difficulties…
If you are paying your EMIs for an existing personal loan and you get a call from another bank offering a chance to transfer your loan for lower interest, what do you do? Is it ok to accept the deal right away? Are there any hidden implications? To get all the answers read through this…
Find ways to boost your income and increase the inflow of money into your pocket with the best possible money habits. It is essential to proceed with a strategy to achieve this goal of earning more. Here we listed out the best tips to start with. 1. Have a Perfect Financial Planning Complete financial planning…
Just like any other subject, the very first step to learning about money is to read. Not just books, read the surroundings, read the happenings around and you can surely learn a lot about ‘what to do’ and ‘what not to do’ with your money. If observed keenly, even animals teach many life lessons to…
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…
What could be an emergency? An emergency could be an unexpected medical issue that requires money for treatment? Even if you have a medical insurance, you may need some money in hand to initiate the treatment. Sometimes, your medical insurance may not cover your current health issue. What then? Are you prepared for such an…
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.…