Make Your Money Work For You
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Sukanya Samriddhi Yojana (SSY) is a fixed-income program supported by the government. It is intended to assist parents save money for their daughters’ education and wedding. If you are having a girl child, then SSY scheme is definitely a beneficial scheme, in which parents can enrol to secure their girl child’s future. I strongly believe …
We always come across a saying that “Cash is King”. It is true not just for the businesses, but it is true for individuals as well. Many of us perceive cash as passing through our fingers like water, while constant costs leave little room for anything else. As a result, you must handle your cash …
Retirement planning for self-employed persons in India is an important but sometimes disregarded part of financial management. A recent poll found that 67% of Indians have a retirement strategy in place, up from 49% in 2020. It demonstrates how the Covid-19 outbreak has made individuals more conscious of the importance of saving actively for retirement. Self-employed …
I’d like to begin this blog post by stating that I never recommend that any of you borrow money to buy a car, as you may be aware that a car is a depreciating asset and thus what you spend on it, whether out of pocket or with loan interest, is always a financial burden. …
In recent decades, many Indians have been cautious of the stock market. The Harshad Mehta scam (1992), Dotcom crash (2000), and mortgage crisis (2008) have all undermined investors’ wealth and led to several bankruptcies. Mutual funds, too, suffered a significant loss when Unit Scheme 64 collapsed in 2001. A lot of investors who had put their money …
Financial grieving is significantly distinct from other types of loss. Have you ever witnessed an ardent stock market day trader go underground when his trading accounts suffer a decline? He will be so struck with guilt and disbelief that he will entirely withdraw socially. He re-appears when the bull market returns, sharing us with stories …
Being in your thirties is one of the most important and hardest stages of life in today’s society. In our early thirties, we are often urged by the society to marry and establish a family. As was the case with many of the 90s’ kids (including Yours Truly), parents in those days often advise their children to …
I could notice while discussing with my friends, relatives and others that they are somewhat confused or sometimes ignorant about the NPS withdrawal rules, which is also one of the reasons why they are not investing in NPS. Hence I have jotted down the NPS withdrawal rules below, which will help you to make some …
Many people find themselves involved in disputes with insurers over claim settlements, even in the face of periodic premium payments and their need for financial help. As a policyholder, if you find yourself in such a position, you must understand how to obtain the sum of insurance money that is rightly yours. The most commonly seen …
No-cost EMIs entail an interest subvention between merchants and lenders, allowing purchasers to get EMI choices with a zero effective interest rate. Customers can purchase a product in instalments rather than making the full payment upfront, and they are not required to pay any additional interest. As a result of the staggered payments, anticipated high-ticket purchases …