Summary: This blog post outlines a 90-day experiment to save Rs.1 lakh using only UPI, offering practical steps, personal experiences, and tools to track spending and build better financial habits. UPI Savings Planner: Reach Rs.1 Lakh in 90 Days Monthly Income (₹): Food & Groceries (₹): Transport (Auto, Fuel, etc.) (₹): Utilities (Bills, Recharge) (₹):…
Summary: This article guides you through practical steps and smart saving options like PPF, RDs, and mutual funds to build your first one lakh, emphasizing discipline, budgeting, and small lifestyle changes for financial success. Introduction You’ve set your sight on saving your first one lakh rupees? That’s a fantastic goal. One lakh might not seem…
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Summary: Discover how to save money for what matters most to you and your family with a simple, step-by-step guide tailored for Indian households. Learn to prioritize your goals, manage your income, and build a disciplined saving habit. This practical approach helps you stay prepared for life’s big moments, one small step at a time….
Summary: This article we’ll explore whether saving or investing is more important, comparing their benefits and risks, and guides you on choosing the right option for your financial goals with practical Indian examples. Jump here to see a mind-cap & a comparison table. Introduction I know how much we value every rupee (our income). Growing…
Summary Point: This article explains how to lock savings by separating salary and savings accounts, disabling easy access, using goal-based SIPs and ELSS, adjusting savings rates, and managing unexpected expenses with credit cards. Jump to the mind map. Introduction Most people who are reading this blog post are ones who have their own savings account….
We all know what is a fixed deposit, right? Many consider it as an investment option. But I personally prefer to refer to and use it as a convenient savings option. ‘Term deposit’ and ‘bank deposit’ are few other names of fixed deposits. What is ‘fixed’ in a fixed deposit? The tenure of the deposit….
Summary: This guide highlights the emergency fund’s importance for middle-class financial security, recommending a six-month expense reserve with cash and insurance (life, medical, motor, property). It details building it via recurring deposits, storing it in liquid, low-risk options like savings accounts, and prioritizing debt-free status and investments only after the fund is set. Table of…
Summary Points: Saving money enables future investments. Retirement savings ensure financial independence. Emergency funds cover unforeseen expenses. Debt and overspending hinder wealth creation. Budgeting and tracking boost savings. Investing locks savings for growth. Self-discipline drives effective saving habits. Simple practices build substantial savings. Debt management saves long-term costs. Tax planning maximizes salary savings. Introduction Experts…
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…
Is there really any available alternative to savings account in India? India has really evolved over the past 2-3 decades in terms of utilising investment options. Earlier people used to know only fixed deposits, NSC, KVP, Endowment plans etc as their investment vehicles. But now people do invest in stocks, mutual funds, real estate, gold…
Recurring deposits has potential to make us a millionaire. How? We all want to become rich, and recurring deposits can help us achieve this target. I have personally gone past a rough patch in my life because of scarcity of money. Since that day I continuously try to improve my finances. One investment vehicle that was…
FD are favourite investment vehicle, right? But is it possible to earn higher interest on FD investment? Fixed deposits (FD) remain one of the most trusted investments in India. People of all ages and all backgrounds loves investing in fixed deposits. But there are ways to earn higher interest on FD? FD promises a guaranteed interest….
