Abolition of Rs 500 and Rs 1000 notes: What is the Impact?
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 Millennials Spending for the Roof
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 […]
Why is now the Right Time to Start Investing?
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 […]
Robo Advisory for Investments in India
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 […]
Ever Thought of Saving for Vacations?
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 […]
How I Saved Money in College
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 […]
Why is financial fitness important in life?
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 […]
How I Saved For My Dream Home
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 […]
6 Mistakes to Avoid While Buying House
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 […]
Wish to Attend the Next Olympics?
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 […]
Building Saving Habit in Easy Steps
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
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 […]
Fixed Deposit – Old habits die hard!
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 […]
Money Management For New Parents
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, […]
Got a Bonus! Where should I Invest?
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 […]
Saving Patterns Among Millennials
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 […]
10 Questions To Check Your Financial Fitness
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 While Not Spending Less!
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?
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
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 […]