There is an interesting report of World Bank on consumer spending habits of developing nations. It also gives detailed numbers on where do people spend money in India. A report like this gives a nice visualisation of how Indians (and other population across the globe) spend their money. Though the report is dated 2010 but…
When I first asked myself ‘how to stop overspending money’, I did not realise that answering this question will be so difficult. [What helped: My financial planning calculator]. Why its answer was ‘difficult’? Because it required some ‘deep thinking’. Why?Because overspending is caused more due to psychological limitations. When we spend more, it is kind…
How important it is to spend wisely on holiday trips? As a purchaser, travellers could die to get tips on it. Let it be long or short duration trips, saving money is always possible. But for sure, on longer duration trips, potential to save money in more. These days, in India as well, people have…
Have you ever tried to calculate salary of housewife mom? I know, not many will care to quantify this job. Job? Is it really a job? Yes it is. But mostly, it is taken for granted. What will happen if government made a rule that all housewife moms should get a paycheck. Yes husbands, what…
Why we must know about prepaid forex card? Because it is a nice way to carry money abroad. In India, it is also called as “Travel Currency Card”. Planning one’s purchases before traveling abroad, is one of the aspects of personal finance management. Consider this, you are an Indian living in New Delhi. You have…
