Have short term financial goals? Know how to address them
Recognising your goals, assigning target amounts to them and specifying the time periods to achieve your goals can have amazing results. Setting your goals, get you moving towards fulfilling them on time. Time plays a crucial role, among many other
Systematic Withdrawal Plan (SWP): Mechanism & matters to look into
Systematic Withdrawal Plan (SWP) is a facility offered by Mutual Funds which allows the investors to specify withdrawal amount, withdrawal frequency and the number of withdrawals subject to availability of money in the invested scheme. For example, if an investor has
Beginner’s Guide to Personal Finance
We all talk about various aspects of personal finance. But, personal finance can get a little confusing and overwhelming, especially if you are a beginner. Since we are not specifically taught about personal finance in schools and colleges, beginner’s guide
Money conversations before getting married: Exploring relevant aspects
It is common in Indian culture to examine personal horoscopes of the girl and the boy before finalizing the marriage. Isn’t it also constructive to see what money values (behavior around money) both of them have? Financial compatibility is cardinal
Investment Portfolio Diversification: Rationale & Mistakes To Avoid
To relate with investment portfolio diversification, we may draw the example of a fruit seller. Usually, a fruit seller is selling variety of fruits. The reasons are quite simple. Consumer preferences vary. If a natural calamity like a hurricane wipes
Term Life Insurance: Basic understanding & misapprehensions to avoid
Our death is certain, but the time is uncertain. With death of bread earner, family’s income ceases but family expense doesn’t. The chief purpose of taking life insurance is to ensure family’s financial security in case of bread earner’s untimely
Financially surviving layoffs can be challenging without a Financial Plan
Financial planning for salaried employees are always unique. No salaried employee can be fully prepared for job loss without having a comprehensive Financial Plan in place. The problem is most people do not think of this likelihood till they are
Contingency Plan for your family is your savior in need
Situations in life can change at the drop of a hat. Unforeseen circumstances often put us under pressure. Negative events not only challenge our mental well-being but also our financial situation is put on the line. If cash flow and
Financial lessons at personal level from COVID-19 to reflect & ponder upon
Where will we be in six months, a year and 10 years from now? Were we moving too fast by taking things for granted? With the onset of the pandemic, we are being necessitated to change our way of living.
Rent vs Buy is a contentious subject matter for many
Any choice is difficult because it also means sacrifice. Choosing something inherently means giving up something else. While taking any decision you have to be rational. But, do you know how to behave rationally while taking major decisions in life?