Saving for retirement is a major focus for young private employees these days. The first question they asked to “When we need to plan for money savings for retirement”? The proper answer is to start saving from the day you start earning. With numerous investment avenues coming up, it is becoming increasingly difficult to choose…
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…
‘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…
This weekend we are going to celebrate our 70th Independence Day. India has grown amidst all the stress it has been through the past. Speaking of coming of age we also need to free ourselves in terms of our finances and adapt new methods in our personal finance. Data shows that only handful of Indians…
We often find ourselves under a dilemma when a decision has to be taken regarding allocation of surplus cash, whether we should clear off existing liability or invest it into other avenues which can either generate regular income or appreciate with growing markets. Normally such decisions are more emotional rather than logical as we see…
SIP or Systematic Investment Plan is a way of investing into mutual funds that allow small and periodic investments than lump sums. The periodicity varies from weekly to monthly or quarterly. This practice of building wealth, forms the principle theory of sustenance in the lives of little creatures discussed below. And interestingly, each one of…
Every working professional saves for retirement either through Provident Fund Schemes or National Pension Schemes. However, retirement corpus accumulated by saving in these funds would be inadequate to lead a peaceful retired-life. There are many other investment options which are available for Senior Citizens. 1. Bank Fixed Deposit (FD) / Recurring Deposits (RD) Fixed Deposits…