Gold, which started the year on a negative note, regained some lost ground during the quarter ending in September. Statements supporting continuation of stimulus measures in US and tensions mounting in Syria crisis were the major factors which helped gold post gains in the quarter. The economic data from the US has been strong since…
DetailsFollowing the global financial crisis of 2008, RBI lowered key policy rates to help industry from slowing down and impacting economy adversely. Between 2008 and 2009 the policy rates were reduced to revive the business cycle in the country. However, owing to inflationary pressure RBI had to manage higher inflation rates along with growth push.…
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Financial decisions related to tax savings are an important part of one’s financial life. Often we tend to take tax planning decisions without assessing out total tax structure and the products we are opting for. Most of the personal finance mistakes by professionals are done during the tax season. The following are most common tax…
DetailsUnderstanding the growing importance of credit score is imperative to the success of financial planning. Financial planning is effective if one is able to utilize the available resources to the optimum level. As sources of income alone cannot always suffice the requirement of funding one has to look at alternatives of credit. Bargaining for the…
DetailsCredit cards boost the credit score of the user if used wisely. Likewise any mismanagement on part of the card user will hamper their credit worthiness. Credit cards can be both a bane and a boon. Even if one can manage without having a credit card having one ironically improves their credit score. At the…
DetailsRetirement planning is a goal with long term objective about financial planning. An effective financial plan for retirement will try to limit risk as far as possible. But often people under/overestimate retirement fund amount thus adding further risk. One has to be practical when estimating how much corpus is required to retire. High estimates…
DetailsPersonal financial planning is about connecting various dots in our financial life. The word financial planning invokes a whole range of thoughts. A majority of these thoughts are about investments and the returns we expect from these investments. However, in this process of overemphasizing on the returns and investments, we often fail to follow prudent…
DetailsAs you enter your thirties your roles and responsibilities change tremendously. You may not be single anymore and have to think about prosperity and security of those who depend upon you. These new responsibilities call for a prudent financial planning strategy and a solid roadmap designed to make you win. Following are 5 few steps…
DetailsAs you seek to improve your money management skills and make plans to strengthen your future financial position, preparing a family balance sheet would be a logical start. Balance sheet is a common tool used to analyse the net worth and expense management techniques of companies. Adopting these corporate management techniques to manage your family’s…
DetailsMany thoughts around our goals or investments drive an urge for financial planning. Financial planning is a process of knowing where we stand, deciding on what we want to achieve and making plans to bridge the gap. The analysis of where we stand represents our financial health. Financial health stands as a reflection of our…
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