Make Your Money Work For You
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Managing your money is very much like maintaining a healthy lifestyle. Just as exercise and a balanced diet require daily commitment, effective budgeting needs consistency and careful planning to yield results. Many people find the idea of budgeting overwhelming because it seems to demand meticulous tracking of every expense. However, if you create a system …
Before we dive into the nitty-gritty of borrowing money, let me make one thing clear: I am not an advocate for taking on debt. In fact, I firmly believe in the saying, “The borrower is a slave to the lender.” However, life sometimes throws unexpected challenges our way, and in certain situations, borrowing money might …
As we approach the end of 2024, it’s the perfect time to reflect on the year and take charge of your financial future. The habits you form today will have a direct impact on the wealth you can build tomorrow. While emotional and behavioural influences often play a role in our financial decisions, it’s the …
The word “personal finance” involves investing, saving, and money management. None of our schools provide classes on money management; therefore, it’s crucial to learn how to handle your finances on your own by reading competent books, articles, and listening to podcasts from some renowned experts in the subject. The fundamentals of personal finance or simply put, your …
In the world of investing, three important aspects stand out: effectiveness, risk, and price. These three components are at the heart of several conversations, and the price has emerged as a distinguishing feature in the services provided of today’s leading wealth management organizations. Furthermore, regulators all over the world clearly see cost efficiency as a …
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 …
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 …
As a disclaimer, I do not want any untoward incident to happen in any person’s life, but we also need to be a bit practical and be prepared for any eventualities in our life (and do not consider me as a negative person for writing this blog-post). The Covid pandemic inflicted a devastating blow to …
While the vast majority of Indians are monetarily unprepared for retirement, many are actually unaware of the gravity of the situation. According to a poll, just 20% of individuals believe that real retirement planning should begin before the age of 30, and many of them have no clue how much retirement corpus they would need when …
This is one of my favourite write-ups on personal finance and my increases my curiosity to understand the current generation’s thoughts on costly leveraged purchases (sometimes myself as well!). First of all, let us try to understand what is a ‘Leveraged spending’. For retail consumers such as ourselves, ‘leveraged spending’ means using debt or borrowed …