Journal

ban on rs 500 note

Abolition of Rs 500 and Rs 1000 notes: What is the Impact?

by Sangam Sharma • November 8, 2016

When I left for home from office, it was a calm evening. When I reached home, there were 450 messages on my Whatsapp! Effective tonite (Nov 8, 2016), Rs 500 and Rs 1000 will no longer be valid – they will be just a piece of paper. How will this impact in coming day? Very […]


Indian millennial spending

Indian Millennials Spending for the Roof

by Anushka • November 5, 2016

Indian millennials are setting foot into the global world with aspirations to reach heights by their mid thirties. So in a country where home ownership is conventionally pursued by an old age person, the scene is fast changing. The percentage of buyers between the ages of 27-38 has gone up from 35% in 2002-03 to […]


start investing now

Why is now the Right Time to Start Investing?

by Harsh Jain • November 4, 2016

Investing your hard earned money can be a daunting task. On the other hand keeping money in the banks or slipping it into FD may be easy, but is unintelligent. To solve the predicament, one should choose safe investments options such as debt mutual funds in the beginning and over time move their portfolio to include higher growth […]


Funding in Robo Advisory

Robo Advisory for Investments in India

by Shashank Tandon • November 4, 2016

What is a robo advisory? With a single click, your investment is done! Wiki defines robo-advisory as class of financial advisor that provide financial advice or portfolio management is given online with minimum human intervention.  You may say it a pre-programmed personal financial advice as well? A robo advisor is an automated service that gives you […]


vacations

Ever Thought of Saving for Vacations?

by Anushka • October 7, 2016

Saving for vacations is not a much cherished idea among many people in India. Rather, saving for ‘the future’ is something that goes in the back of the minds of the people earning a substantial amount. To be true, we are all longing a getaway from our routine lives. Vacation is an escape call from […]


saved money

How I Saved Money in College

by Anushka • October 5, 2016

When I began attending college this August, money saving was nowhere near my ‘college goals’. All I wanted to do was eat good food and have fun, hang around.  However, as the first two weeks of college passed, I realized that I was spending way too much and on top of that I had no […]


Financial fitness

Why is financial fitness important in life?

by Sangam Sharma • September 16, 2016

Pretty much like being physically fit, achieving financial fitness is a process that requires your attention and complete focus. But what does it mean to be financially fit? It is the ability to cope with all your expenses and live your life the way you want, without any financial worries. For example, financial fitness will enable you […]


saved for dream house

How I Saved For My Dream Home

by Harsh Jain • September 16, 2016

Up until a few years ago, the idea of ever buying a house, let alone a dream home, for myself had never crossed my mind. I was not so old enough to begin thinking about owning one (or so was what my mind told me), and worse yet, I had a job that couldn’t afford […]


buying house

6 Mistakes to Avoid While Buying House

by Tanishka Singh • September 15, 2016

Everyone has figured out their plan for life, a car at 26, promotion at 28 and a house at 30 which you can call your home, where you can peacefully sip your tea in the morning while flipping through the daily news. There are a lot of things one wants for their new house, be […]


Save for next olympics

Wish to Attend the Next Olympics?

by Palak • September 8, 2016

Did you remain hooked to your TV screen throughout the Olympic season this year? Did you cheer wildly for your favourite athletes? Do you want to make it to the next Olympics and watch them live? Are you hesitant thinking about the expenses? No need to fret! You can make it to the Tokyo Olympics […]


habit of saving

Building Saving Habit in Easy Steps

by Sangam Sharma • September 6, 2016

For flipping a coin, you need one. And for not having it, there exist only two reasons – 1) You spent so much money in past and present that you can’t even spare a single coin for a toss or 2) You had been spending so wisely that all the fortune that you’ve got now […]


Financial Planning Before Starting First Job

by Sangam Sharma • August 22, 2016

First of all, many congratulations to you! You have completed your college successfully and got a great job! Life is going to be different now. Here are a few things that you would need to plan for, as you make this transition. This list will help you do your financial planning as you start your […]


Old habits die hard

Fixed Deposit – Old habits die hard!

by Sangam Sharma • August 21, 2016

Why do people save money in Fixed deposits? We interviewed around 50 people with more than 5 lac in Fixed Deposits (FD) to understand the reasons. The 5 key reasons people have are – Money stays safe in FD Bank pays very low return, FD pays better It’s convenient – just a few clicks and […]


Finances for New Parents

Money Management For New Parents

by Sangam Sharma • August 12, 2016

Having a baby is a life changing event in one’s life. With lot of happiness comes lot of responsibilities. Raising a baby has significant financial implications. Here are some things that are going to change and one needs to plan for in next few years. Bigger House So your headcount increases. For first few months, […]


Bonus Money

Got a Bonus! Where should I Invest?

by Lalit Keshre • August 9, 2016

Have you got a nice fat half yearly bonus? Has a good chunk of your investments matured? What do you do with this money. Many times, people just splurge this money or invest it immediately to grow it further. However, both of these might not be the best use of your bonus money. Have a look […]


Idle Cash

Saving Patterns Among Millennials

by Harsh Jain • August 8, 2016

A sound financial health means having a good balance of expenditure, saving and investments for future goals. We conducted a survey to understand the patterns in saving behavior among millennials. The three key aspects studied are current saving rates, target saving rates and having specific financial goal. Current Saving Rates (CSR) CSR is defined as […]


Financial Fitness

10 Questions To Check Your Financial Fitness

by Sangam Sharma • July 27, 2016

Our finances impact important things in our life including our health, relationships and career. It is very important to make sure that we are financially fit. Here are 10 checks that can help you figure out your financial fitness. 1. You have set up an emergency fund You need to have 6 months to 12 months emergency fund […]


save more money

Save More While Not Spending Less!

by Sangam Sharma • July 4, 2016

What does the word “saving” mean? Money left after spending? Well, it is just that for most people. But is that enough? Perhaps not. Why else would your bank balance appear so meagre whenever you set out to plan your dream vacation or buy a sedan. Why do you end up feeling helpless and thinking […]


How do Banks make Money

How Do Banks Make Money?

by Lalit Keshre • June 28, 2016

Before getting into how banks make money let us first understand how banks actually work. The primary business of a bank is to borrow money and lend money. They are also used as payment instruments – either withdrawing from ATM or paying by debit card or cheque. Net Interest Margin While banks try to borrow money […]


Always! Listen to Your Dad for Saving

by Ishan Bansal • June 18, 2016

  First of all let me clarify myself. When I say ‘Always! Listen to your Dad’, I mean listen to what he means. You will always find wisdom in that. I agree world is changing at fast pace so a lot things might be outdated but still wisdom behind them is most valuable. Wisdom will […]