Education is a gift for life! Children exposed to quality education get a platform to crack their potential and realize their dreams. It prepares a strong ground for them to lead an independent and self-sufficient life. So, nothing other than quality education could be the best gift to kids, from parents. However, given the sharp…
Conservative investors usually invest in fixed deposits to ensure the principal amount invested is risk free. Instead of compounding your investment ,fixed deposits are eating-up your hard earned money. Surprised!!! let’s look the reasons behind the statement. #Taxation Before investing look at post tax returns you are going to get .when you consider investment in…
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…
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…
‘To Err is human’, but a human in desperation can take even bigger erroneous decision with his/her money. Bad debt decisions remains a primary reason of why people have low savings. These decisions are made in haste, under the influence of emotions and due to lack of knowledge. It is quite understandable that every individual…
Imagine a car your father bought when he was young, let’s say it was a Fiat Padmini. It was a good car which has power, was fuel efficient and was accommodating. But, can you imagine driving it now? No, right. You would probably buy a new sedan or a Hatchback with all new features and…
Human needs are endless and keep growing with time. While, for most, it is a challenge to meet all necessities, and some luxuries, with limited resources at hand, the spending behaviour determines needs’ fulfilment efficiency. Today, with options aplenty, most of us tend to spend more than our capacity. This behaviour has been cashed by…
Fixed deposits (FD) are becoming popular investment among investors in the current interest regime. However, the actual return earned on a fixed deposit can be less that what is stated due to tax aspect attached to a FD. Financial expert Nitin Vyakaranam gives us insightful information on how tax is calculated and can be saved…