One of the most underrated activity is ‘expense management’. We tend to focus more on income generation, and less on ‘managing expenses’. Why? [Read: About an Excel based tool which can budget & track expenses] The reason is perhaps simple. We tend to give more importance to things which are harder to get. Earning Money:…
There was a time in my life where I’d to spend 50% of my ‘take home salary’ on EMI for home loan. Though it was a conscious decision, but I had to live with it for almost 18 months. It was a debt trap for me. In the next phase, I paid back almost 35%…
When I was in my mid-twenties, my father advised me to start investing money. Hence, he helped me to buy my first life insurance endowment plan. In later years, I started buying mutual funds regularly through SIP route on my own. This is the way majority invest money, right? There is nothing wrong with this…
Reverse mortgage is also a ‘home based’ loan. But it is different from our typical home loan. The main difference is that, reverse mortgage is available only for elderly people, above 60 years of age. In working, the reverse mortgage is just the opposite of home loan. Hence the word “Reverse” is used to name…
Recently I was reading about the launch of India’s first Real Estate Invest Trust (REIT). As it was the first such financial instrument in India, I wanted to know more about it. Basically I wanted to know, who is behind this REIT? This small question took me into a spiral, and what I could unearth…
You know, one can use clever tricks to save money. This way one can fool self, and save more. But why to resort to fooling self? Because most of us are better spenders of money; we can spend money more effortlessly. Saving money does not come naturally to people. We are psychologically better spenders than…
How we make money in our day to day life? We work, which in turn earns us money, right? We do a job and make money. But what if I tell you that there is an easier way to make money. How it’s easier? Because one can make money like this ‘without work’. Do no…
If we can invest risk free and earn high returns, wouldn’t it be an ideal scenario? Sure it will be, but how to do it? This is what we will discuss in this article. But allow me to first confess a thing. This blog post is not about the “traditional” write-up on risk free investment…
It is essential to build ones financial literacy. Why? Because in todays world almost every human activity is in some ways dependent on money. We need money to get access to even bare necessities of life like food, clothing, and shelter. Our spending needs, does not stop with necessities only. We also need money for…
I was about to leave my office one Friday evening, and this thought came to my mind that, How to plan and invest Rs.5000 per month for next 20 years? The objective was to start investing in general as a good habit, which eventually can also build a corpus. The time horizon was long, so…
How the information stated in RERA website helps the potential home buyers? Before we go into those details I would like to say that the presence of RERA (a regulator) itself is a big “protection” for the home buyers. Real Estate Regulatory Authority (RERA) acts as a regulator of the real estate sector in India….
Almost all salaried people in India contributes to EPF scheme to build a retirement corpus. But NPS (National Pension System) did not had this kind of penetration. In 2009, GOI made NPS available for ‘all citizens’ of India. Earlier it was available only for the government employees. Today we know that NPS can build a…
