Make Your Money Work For You
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A recent poll found that ten years ago, tenants in important cities such as Bengaluru, Mumbai, Pune, Chennai, Hyderabad, and Delhi would rent nine times before purchasing a property. Today’s younger generation buys after renting just four or five times in their lifetime. For instance, in Bengaluru, the typical age of first-time house purchasers has …
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. …
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 …
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 …
Just a disclaimer here – “I am not a proponent of taking out loan in any form or for any purpose”. But the purpose of this article is to give some light to the readers on how tax deductions that come with education loan repayments, which makes these loans somewhat attractive. Higher studies are an …
“There are no free lunches in the marketplace”, as the popular saying goes. So, isn’t it strange to see the statement “No Cost EMI”? Is anything like this even feasible? Why would somebody in the market offer or lend free money? No one is naïve enough to give you money for nothing. And, of course, …
The debate between “buying vs. renting a home” appears tedious. It is more an issue of decision and budget than of right or wrong. Owning a home is a major accomplishment, particularly among Indian households. If you have a reliable source of income, especially if you are married and both of you are employed, doing …